Many businesses come and go, but there’s one thing we’ll always need: LAND.
If there is any business in Nigeria that creates a leveled playing field for wealth to be created by all and sundry who follow the light intrinsic in the business, that business undoubtedly has to be real estate business. Real estate business in Nigeria is booming with reckless abandon.
It’s a proven business strategy of purchasing expanse of undeveloped land along the path of growth/development and holding on to it until such a time as it is profitable to sell it to others for more than was initially paid.
Imagine that you buy a plot of land in Cherryview Park and Gardens Estate, Lugbe for 4.5 million naira and two years or less down the line the same plot of land is sold for 10 million naira. You would be making a profit of 5.5 million naira by selling that same piece of land. Now, consider this; what if you had bought 10 plots of land? Do the math…
If there is any reason to hesitate on acquiring a property such as land it should be if you are skeptical about the land in question. In the real sense, if there was any sanity in the world there should be no reason at all not to invest in lands.
Don’t walk or drive pass that property with regrets some years after a real estate agent tried to convince you to invest in an opportunity of a life-time. You could think you bought what looked like a fallow land and years after it turns out to be an empire that takes you to a place higher than you could think of.
There’s an integral demand for real estate, whether the land produces a product like mango or is an apartment or retail space; so it will always be a good investment. No matter what kind of business you run, you need land.
Investing in real estate allows you to protect yourself and your wealth. While the real estate market has gone up and down, it has never declined over time. Over time, you will always get value from real estate that produces income — like an orange farm, for example. Even better if you choose property with inherent value, such as a location in Cherryview Park and Gardens, Baller’s Court Estate, Henry’s ville Estate or Sugarland Park and Gardens
Some benefits of land ownership can change how you perceive land investments. Land can be called a ‘golden child’ of investing. Once you complete the buying process, you can be rest assured, no one can steal it from you or destroy it. A piece of land remains in good condition and increases in value. Owning land gives you financial security and peace of mind.
Experts recommend raw land investing and buying land for future development, such as housing or building. No maintenance is required, and you can sell your land at a higher price in the future. Thus, we can say land investments/banking gives peace of mind and are worth every penny!
Investing in a vacant piece of land is significantly less risky than stocks. It cannot disappear or lose its value all of a sudden. In the worst scenario, currency and monetary values will have no stability. Regardless of the world economic situation, the value of land constantly increases.
Generally, high competition is a primary concern when people think of investing. But when we specifically discuss land investments, it’s surprisingly different. This real estate niche has low competition; you can buy a few acres of land in a suitable location without burning a hole in your pocket.
Unlike other real estate assets, land is affordable and requires minimal effort for maintenance. Your property doesn’t demand unexpected costs and it silently increases in value.
Want to buy lands and don’t know how to go about it? Schedule a talk with us today