The rental market of Karachi has many properties that are available in different types and sizes. From apartments to full-fledged mansions, the city has it all. Large and multiple storey houses are usually divided into portions, which owners rent out separately. However, dividing property into portions heavily depends on the guidelines laid down by the authorities governing a particular locality. So, is renting a bungalow portion in Karachi worth it? Let’s explore more on this topic.
A Cheaper Option
Buying a property could be a more expensive option than renting it. Many people prefer living in a house rather than in a flat. In that case, they go for renting a house or an individual residential unit.
However, it may still turn out to be a more costly decision than going for the option of selecting a bungalow portion for rent in Karachi in your desired locality. As you will be living in only a portion of a house, your monthly living expenses will be much lower than being a resident of a complete unit.
Spacious Dwelling
Compared to a flat, a bungalow portion for rent in Karachi usually offers the luxury of increased living space and privacy. Such type of rental homes also come with the facility of car porch and separate entrances for security and complete privacy. So, if you have a limited budget and are fond of spacious and peaceful accommodation, then in such situations renting a bungalow portion in Karachi may turn out to be a feasible option for you.
Short-Term Commitment
Life is unpredictable and so are your routine habits. If you are the owner of a house, then you’re, of course, tied down and can’t change your residence frequently. This can be problematic if, for example, your workplace is far away. On the other hand, living as a tenant of a portion in a house provides you the flexibility to move to a new place when needed.
The maximum time you need to stay in a particular rental property in Karachi is usually 11 months based on the legal agreement between the tenant and homeowner.
Balconies & Lawns
Rental homes in Karachi are usually divided into two portions: upper and lower. Both of these types of properties offer different kinds of advantages, in terms of lifestyle and other features. For example, an upper portion for rent in Karachi is usually built on the first or second storey of a house, has a balcony or provides access to the roof.
On the contrary, a lower portion of a house is located on the ground has a lawn or a terrace along with a car porch or a garage. People living in the lower portion also don’t have to face the hassle of climbing stairs.
No Maintenance/Repairs Cost
One of the biggest advantages enjoyed by the tenants of bungalow portions in Karachi is that they are not legally bound to pay repair or maintenance costs. It is up to the property owner to get things fixed in order to effectively maintain the living conditions of a property they have rented out. However, in case of any major damage to the property, unpaid monthly rent or utilities, the landlord may deduct some amount from the security deposit that a tenant has submitted at the time of their first rental agreement.
Monthly Rent May Go Up With Time
Rental property usually have low housing costs, but with the increasing rates of lower and upper portions for rents in Karachi, the graph of monthly rental prices in the city is also going up. For example, a 500 sq yds upper portion for rent in the locality of DHA Karachi is now available from PKR 75 thousand to PKR 2.5 lakh per month.
Over the last few years, rents have increased up to 50 percent for rental properties in DHA and many other localities in the city. The phenomenon of increasing rents is something that is not new in the market dealing with rental properties in Karachi. However, it greatly depends on the fact that whether a bungalow portion that you want to rent fulfils your lifestyle requirements or not.
Where to look for Bungalow Portions in Karachi?
Karachi has a large number of residential areas and housing communities. Gulshan-e-Iqbal, North Nazimabad, PECHS, Malir Cantt, a few phases in Defence Housing Authority and many other localities are ideal if you’re looking for portions for rent in Karachi. Please remember, the price range of rental properties in Karachi depends on the area in which they are located.
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