The climate of Karachi is tropical. The weather is warm in winters and hot in summers. In this article, we shall explain how the climate impacts real estate.
Table of contents
- How does climate affect our homes?
- What type of climate does Karachi have?
- How is Pakistan affected by climate change?
- How will climate change affect real estate?
- What raises property value?
- Conclusion
How Does Climate Affect Our Homes?
Long-term change in average weather patterns is called climate change. Climate change certainly impacts everything including our homes. As said earlier, climate change is a change in the overall weather of a particular region. It alters the seasonal impacts. Likewise, it changes the weather conditions in a region to make it hostile in terms of excessive rains, snowfall, or floods.
According to scientists, the average temperature of the earth is rising continuously with human activity. Home appliances and chlorofluorocarbons are giving a greenhouse impact. Due to this reason the temperature is rising.
With the temperature rise, glaciers are melting, more water is getting evaporated and causes massive rainfalls. Excessive rainfalls are damaging the property in Karachi and every corner of the country.
What Type of Climate Does Karachi Have?
Karachi is situated at the bank of the Arabian sea. For that reason, the climate of Karachi remains tropical throughout the year. This means that Karachi witnesses hot summers and warm winters. Moreover, being situated near to the sea, the humidity level remains higher in summers as compared to the other areas of Pakistan.
Humidity also damages the property in Karachi. The weather remains so unpredictable throughout the year therefore the property rates also fluctuate according to climate change.
How Is Pakistan Affected by Climate Change?
Pakistan is a country with glaciers, sea, rivers, canals, mountains, and plains. Climate change melts the glaciers and the resources are getting depleted with time. Similarly, hot weather causes more water vapours, more vapours mean more rainfall. Likewise, rainfall causes floods in the country.
In this regard, the floods of 2010 are most memorable due to vast destruction in most of the areas of the country. Much of the infrastructure got damaged with these floods and rainfalls. Experts categorize Pakistan as the most vulnerable country to climate change.
The scientists suggest that grow more greenery produces less carbon dioxide to avoid menace.
How Will Climate Change Affect Real Estate?
Climate change brings harsh weather. Moreover, due to extreme weather, the sea level rises. The rise in sea level brings floods and storms. Adverse climate conditions also affect the real estate industry by and large. the properties get damaged in extreme weather.
Moreover, in humid areas, houses need more attention for the damage control on one side and the renovation on the other. More rains damage the paints and humidity makes the things rusty. Rust damages the overall look of the house.
What Raises Property Value?
Damage control and location raise the value of the property. To increase the value of the property, you need to pay attention to the renovation and damages. For example, a property with a leaking ceiling and damaged floor will attract fewer buyers.
Similarly, variations in the property structure and updated renovation ideas raise the property value. There is a list of things that can improve the property value;
- Well organized backyard
- Airy and wide rooms
- Space for the extra luggage
- A well-established security system
- Pavement and a garage
- Flowers and plants
- Upgraded doors and window tints
- Open roof for basking
- Small swimming pool
These things are so important to increase the value of the property. If you consider them, it will bring a massive increase in the value of your property.
Conclusion
So, making it conclude, we can say that climate change plays a major role in the real estate industry. Humidity and rainfalls damage the property by and large. Therefore, the properties prone to natural disasters caused by human activity tend to damage earlier.
No matter how much you take care of them but once they are exposed to a calamity like heavy rainfall or a flood, they will remain under the cloud for a long time. Even, once the flood goes away, the water level rises in that particular area and caused logging and salinity which affect the property over a long time.
