What is Land?
The definition of land is the part of the surface of the Earth that is solid ground and not water. Land and property are often looked at like they are the same but they are different in Pakistan’s law. The land is considered immovable property where we can not pick it and replace it. As for property, there are two types of properties “immovable” and “movable”.
Types of Property
1. Immovable Property
Immovable property is that it cannot be moved. It includes land, buildings, things that are attached to the earth, fastened to anything attached to the earth, hereditary allowances, rights to ways, lights, ferries, and fisheries.
It does not include
- Standing timber
- Trees with fruits
- Buildings
2. Movable Property
A property that can be moved. Anything which is not immovable is considered as movable property. It can be anything i-e like your personal belongings.
Things to Consider Before Buying a Land
There are many things to keep in mind while buying land in rural areas. Certain elements are there which you should take notice while looking for a property.
1. Be Clear of What You Want
Hunting, investment in real estate, rural residence, and family recreation are all good reasons for owning land, and each one leads to a different kind of land. Be clear on your intentions on what you are looking for and what is a perfect fit for you and your family.
2. Land Ownership
Land ownership is a big point when it comes to buying land. Research about your property according to your needs and family requirements. A land where necessary things are near to your locality is a plus.
3. Accessibility
Accessibility of commercial things and amenities is very important while buying land. For example schools, malls, hospitals, and your workplace. If these amenities are just a few kilometers away then it’s easy to settle there.
4. Inspect the Property
Never buy land without inspecting the property. Make sure to ask a professional to inspect each and every corner of the property before investing in something. For further inspection, Agency21 is there for hassle-free service with safe & secure investment plans.
5. Neighbourhood
Ask around the neighborhood to see how the area is and how the people are living around it. Neighborhood plays a vital role when deciding where to live and to inspect the property.
Read More:
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- Should I Invest in Real Estate During Corona Crises?
