Everyone seeks financial security. Or at least stable financial means. Real estate investment has proven to be one of the best ways to increase the chances of securing one’s financial future.
Real estate is a great asset to have. For a lot of people, real estate is both scary or too expensive to get into. Neither of these should scare one who desires to get into real estate. To assure you of this, here are five reasons why you should invest in real estate today.
Reasons Why You should invest in real estate in nigeria
1. Real Estate Guarantees Regular Flow.
If you buy and hold real estate, you can rent it out monthly or yearly. Buying real estate increases your income. You rely not only on the appreciation of that real estate to generate income but also on the rental fees you get.
Renting real estate also means you may have to involve yourself in running the place and relating with your tenants. If you choose not to get involved, there are lots of companies ready to handle tenancy matters and maintenance issues.
Investing in real estate is a great idea if you are in it for the long haul, not a quick return. Your best bet is investing in residential properties that produce rental income year-round. Just make sure you understand all of the associated legal fees and are prepared for unexpected costs.”
— Bethenny Frankel
3. The right investment will continue to appreciate.’
“Real estate is real, and it’s always a good idea to put your money in real assets”. But to be clear: That doesn’t mean that all real estate is a good idea.
There are certain factors that one should consider when buying real estate. You can check out our last blog post on *types of real estate you can buy*.
Some of the factors include the type of house you have, the location of the houses, and also the amount used in repairing and maintaining the real estate. Getting a real single-family real estate will not provide as much income as getting multifamily real estate.
Also, getting real estate in low-income areas may not be a good idea. We advise that you get real estate in upscaling or developing areas. But even in a low-income area real estate will still be a better place to store or invest your money than leaving it in a bank and watching it depreciate.
3. You Can Force Appreciation of Your Properties
Unlike other investments like stocks and bonds, you can force your real estate to appreciate. This gives you control to an extent, especially when compared to the complete non-control you have with stocks and bonds where appreciation cannot be determined by you.
This may sound weird, but it’s very possible for you to force appreciation. First, you should understand that real estate appreciates naturally, so you may not need to force it. according to CNBC, real estate appreciates 3%-5% without you doing anything other than maintaining the property. But through renovations and repairs, you can increase the rate of appreciation.
You do not have to carry our major renovations in order to increase the value, but redesigning of walls, or minor bathroom and kitchen renovations can increase the value of that real estate.
It is advised that you work with a real estate company to find out what valuable renovations you can add to your building.
4. Real estate offers you more options than other types of investments.
Real estate gives you more options to build your wealth and also increase your income. This is not so with stocks, bonds, and forex, where the factors that determine success are completely out of your control.
With real estate, you can buy a house with the aim of selling at a higher price immediately (flipping), but then rent it out instead, if the market goes bad. If you buy a house that appreciates quickly, you can choose to sell. Real estate gives you the options to Develop, Lease, Subdivide and even Add more Parcels to it (CNBC). This is the reason Real estate has created more millionaires than any other type of investment.
The flexibility of real estate is one of the reasons it has created more millionaires than any other asset class.
Daniel Lesniak, Founder of Orange Line Living
5. People always need a place to stay
There will always be a need for houses and land as long as the population increases. The best time to get real estate is now. You can make great ROI now when you invest in real estate.
Population in Nigeria will always be on the rise if there are no stringent measures to curb its growth rate. This is great news for those who have real estate.
Growing population + Real estate Appreciation = Happy investor.
Be a happy investor today. Get your lands and home now. You can visit our investment page to see real estate offers just for you!
Bonus: In case you haven’t noticed, you can always pass down your real estate investment to your heirs easily.
Leaving cash for your children is a good legacy, Real estate is a better one. not only will you give your heirs an income-producing asset, but it’s also an appreciating asset. so they can either keep receiving the returns of rent or sell it off to make more money.
So get your real estate journey started today. You also do not have to use money as the reason for not getting real estate. Join the Piedras Properties Cheaper Future Program and get a plot of land when you pay N60,000. Other payments can be spread over 24 months for you.
Click here to speak with our Customer Relationship Manager to get started.
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