Real estate are properties consisting of landed properties and the buildings on it, along with it’s natural resources. These properties ranges from landed properties, residential and commercial buildings like apartments, multi-family houses, terrace houses, condominium(office complex), tenements etc.
In Nigeria, the real estate industry has become a very lucrative investment for many new and established stakeholders. Some of the richest people in Nigeria and around the globe have one form of real estate investment or the other on their portfolio. This is solely because of the population growth in the country which has lead to the increase demand for affordable and luxurious private and commercial properties in both the rural and urban settlements. Investing in real estate could make you achieve a multi-million dollar or greater net worth.
Although real estate is very profitable, starting up the business in Nigeria come with some barrage of hurdles but with the right tools, training and mentorship the business can flourish to reach your set goals. Here are five (5) important reasons why you should invest in the real estate industry.
1. Financial Security
Real estate investment puts you alone in the drivers seat of your financial future.
Steadily investing and building a real estate portfolio over time means you are creating financial prosperity and securing your own future.
2. Diversification
Investing in real estate serves as a means of increasing your financial base in other to generate income in other to reach long-range final goals and objectives while minimizing risks and losses.
3. Huge Cash Flow
Cash flow is the net income from a real estate investment after mortgage payments and operating expenses have been made.
4. Steady Return of Investment
Owning rental properties could fetch you huge return of investment because real estate values tend to increase over time and with proper management, it can turn a big profit when it’s time to sell.
5. Retirement Plan
Real estate provides cash flow for retirement. This means it can help supplement your retirement years with income generated from rental properties.
In conclusion, Real estate investment are essential for wealth creation and it’s not about achieving immediate success. Instead, it is a long term game that requires a great deal of patience. With proper management of resources and finance your real estate business has the potential to help you achieve your long term objectives and become a critical stakeholder in the industry.
So what are you waiting for?
You can start your Real estate journey by clicking here
Kelvin
on said
Many thanks for this and it is well articulated.
Imhakhu AMI Esq MSc LLB (Hons) BL MNITP RTP FIIA
on said
A fair assessment of the real estate business. Keep it up.
Bob Otono Oshiomhogho
on said
Thank you sir
Abiodun
on said
Job well done
Merit
on said
Good one, when interested I’ll let you know.
Joseph
on said
Splendid
Jamesmaria
on said
great writeup and full of useful info that helps improves financial literacy