Living next to a happening place is not a predicament for some property seekers; however, numerous investors and buyers prefer living near a peaceful and calm setting. As such, buying a home near a railway track suits the former category of buyers and investors, who don’t mind a bit of commotion, seeing as to how such properties are usually accompanied by a plethora of amenities and facilities that make life a lot more comfortable and convenient.
We’ve written this blog to help property seekers arrive at an informed investment decision when it comes to buying a home near a railway track and what should they expect with this decision!
Now, let’s take a trip on the investment train as we reveal some things that you might not have known about living near a train track.
Some Things You Should Know Before Buying a Home near a Railway Track
Buying a home is one of the biggest investments a person can make in their lifetime, and we all want this investment to benefit for years to come. And, when we talk about living near a railway track, it might sound like an odd thing to some, but for others, it adds a certain element of excitement. So, you can easily determine your type by looking at the crucial points mentioned below:
- Affordable Property Rates
- Slower Price Growth
- Accessibility & Secure Housing
- Incompatible for Pet Owners & Parents
Affordable Property Rates
Have you ever wondered about what exactly determines a property’s value? Well, the issue may seem complicated in a few cases, but in others, the value of a house is heavily influenced by transit lines and the availability of public spaces. Now, picture yourself living near a railway track, specifically a passenger train that shuttles travellers and commuters within the city throughout the day. It would be fair to say that the availability of public transport positively affects a property’s value; however, trains are noisy with exceedingly loud whistles. Even if the horn doesn’t bother some property owners, their excessive weight tends to shake the earth nearby, while trains with steam engines rumble and freight cars howl and screech. Worst case scenario, if the crossing is located near residential properties, the homeowners will need to prepare their ears for frequent ringing sounds since chances are high that they’re going to be annoyed every time it rings.
However, there’s a way out since we know for a fact that modern homes are built to withstand damages caused by rumbling vibrations. Thankfully, trains running past can do less or very little damage to the houses that are developed with contemporary technology.
Additionally, living near a railway track doesn’t bother everyone and some property seekers tend to buy houses near rail tracks in order to secure their future investment since the demand is low, and the supply remains constant – so, the rates of property that’s located near a railway track tends to be on the lower side.
Slower Price Growth
The property rule of “buy low, sell high” doesn’t entirely apply to buying a house near a railway track and then selling it at a profit, for more than one reason. Property seekers who wish to settle near the hustle and bustle of a railway station need to gear up for future consequences since there aren’t many people dreaming about enduring a train’s whistle or horn. So, it is only natural that there is little margin to bargain, and while it favours the buyer’s market, it isn’t really supportive for sellers. In continuation with the demand factor, another downside of living near a train track is that it takes a bit longer to sell the house compared to properties that are situated away from railway tracks. But it shouldn’t bother you since you can list your property on Zameen.com by signing up in a few easy steps. Still, not sure how to do that? Don’t worry, you can consider connecting to our representatives on Zameen Helpline, who are ready to serve you round-the-clock. Additionally, you can also take help from our recently published guide for first-time property sellers in order to sell your house quickly.
So, if you are excited about a property near a railway track due to the appealing price tag, you should be aware of the fact that they tend to have a lower return on investment, just like properties near a main road.
Accessibility & Secure Housing
Living near railway tracks definitely favours homeowners in terms of accessibility. They can comfortably catch a train without needing to leave their home hours in advance and also enjoy an anxiety-free life that comes with the surety of not missing the train. Meanwhile, areas near train stations are heavily trafficked with public transportation (except the train itself), retail shops, passenger stops, motels, and people moving around. The streets are well lit to assist passengers, so even walking about and around the streets late at night feels safer. As such, it only makes sense to buy a home near a railway track for people who want to be right next to civic amenities and enjoy the 24/7 availability of different modes of public transportation.
Incompatible for Pet owners and Parents
It is quite clear that the housing schemes or houses developed near railway tracks are crowded, noisy, and dusty. So, increased traffic and noise pollution are one of the biggest deal-breakers for families with pets and young kids. However, homeowners can make clever choices during their home décor process to stop the excessive noise from entering their home, and build more safety features around their home for their children and pets. For instance, house insulation is one way to make your home soundproof. On the other hand, you can also choose to incorporate tempered glass in various corners of your abode to create a barrier against unwanted noise.
In a nutshell, housing schemes near railway stations or tracks are more affordable than the ones that are detached, which makes it possible for some people to see their homeownership dream become a reality.
That was all for now about living near a railway track, and obviously, there are no exact answers to whether you should consider buying a house near a railway track since the only logical conclusion depends on your unique set of requirements and your priorities. If you would like to see more tips on property ownership, subscribe to Zameen Blog – Pakistan’s #1 property portal.
