Nigeria has cities like Lagos with a growing population, increase in employment and immigration which makes the demand of properties in Nigeria higher by the day but unfortunately, not everyone knows how to invest in Nigerian real estate market. The real estate market is growing faster with more value Real estate brokers in Dubai which leaves a big room for more opportunities and that is why so many smart investors put in their money into their first property as soon as possible.
If you are reading this article for a guide to invest in Nigerian property, then you seem to be ready to make the next big step to get you started.
First of all, you need to know that there are various ways you can invest and generate a good return on your investment which includes; buying and selling properties, developing the value of a property as well as leasing properties. Whichever one you go for, be sure your ROI would be worth it in the long run after weighing the pros and cons through thorough research.
This is one popular real estate investment opportunity that involves the buying or building of properties and selling them out. The properties are usually acquired at a low price and sold at a high rate. The return on the investment is very high especially when an investor is smart enough to identify key areas that will be a gold mine for property purchasers in the future. Properties are valued due to market trends and the same applies to land purchases. There are some areas in Lagos that have a high potential of yielding a good return on investments in the future. When land purchasers spot those areas, they quickly invest their money into the landed property as well as make huge profits after few years when the area is on high demand by purchasers who are knowledgeable on theguideto invest in Nigerian propertyand benefit from the real estate juices as well.
Most real estate investors look out for properties that have very low value in the market due to its poor structuring. These properties could have existed for several years and now look out of shape. The real estateinvestment guide to this model includes restructuring and developing an old commercial or residential property in order to increase its value in the market as well as strike a good bargain amongst buyers. Selling off a newly renovated building can have a high return on investments compared to how much was initially used to purchase the dilapidated or odd-looking building. Just as earlier stated, investing in this model also includes some research on the potentials that the property has including its location and navigation to major areas within the city. If the property does not have good potentials that can lead to a good sale and eventually yield good returns, then it’s not worth putting your investment into.
Renting is another great avenue in making continuous profit as well as a good return on investments. This model includes building or buying a property for the purpose of renting it out. A building with several or few blocks is a secured assurance of a steady flow of annual or monthly income. Rental properties are lucrative in Nigeria and it is always a gold mine to explore.