There are many things to consider when buying or Investing into Real Estate.
Most individuals do not take this into consideration as their only focus is acquiring the property.
Like any investment, it pays to do some research before plunging headlong into its depths.
So before you embark on your journey towards becoming a property owner, here are things you need to consider;
CURRENT AND PAST PROJECT: Before you invest into any estate, always find out the company current and past project on any of their estate. It is very important because of future purpose
THE LOCATION: Always take into account factors like its proximity to basic amenities, public transport, schools and the future plans for the area when buying a property.
SECURITY: Major emphasis should be made on the security history of the area surrounding your property. An area prone to violence is a no go area for you as such decision could even cost you your property.
POTENTIAL TO APPRECIATE: All properties appreciate a little bit over time, but you want an investment that will increase in value more than the rest, so ensure you check out the appreciation potential of the property.
FUTURE DEVELOPMENT: Research what developments are planned for the area which would positively or negatively impact the value of your property.
REAL ESTATE INVESTING FOR BEGINNERS: When you invest in real estate, your goal is to put money to work today and make it grow so you have more money in the future. You have to make enough profit, or "return", to cover the risk you take, taxes you pay, and the costs of owning the real estate investment such as utilities and insurance. This overview explains the basics of real estate investing for beginners to help you learn what to expect and how investors make money from their real estate properties.
THE 8 DIFFERENT TYPES OF REAL ESTATE INVESTMENTS: There are eight different types of real estate investments that new investors need to understand: Commercial real estate, residential real estate, industrial real estate, mixed-use real estate, retail real estate, REITs, mortgage lending, and sale/leaseback transactions. Each has its own benefits and drawbacks.
This basic guide gives you a brief explanation so you won't be intimidated or overwhelmed when you are examining potential investments and see the terms used. There are additional types of property, including multi-generational real estate.
SECURITY: Major emphasis should be made on the security history of the area surrounding your property. An area prone to violence is a no go area for you as such decision could even cost you your property.
POTENTIAL TO APPRECIATE: All properties appreciate a little bit over time, but you want an investment that will increase in value more than the rest, so ensure you check out the appreciation potential of the property.
FUTURE DEVELOPMENT: Research what developments are planned for the area which would positively or negatively impact the value of your property.
FREE PROPERTY INSPECTION TOUR IN LAGOS
Are you interested in acquiring an affordable property in Lagos?
If you answer yes, then let's us go for tour on all our Estates, you will be viewing lands you can acquire either to build an apartment or for cash flow and investment purpose.
Call/WhatsApp +2348063337234 today.
Only a few spots are left. Register your interest today and be part of the few participants for this inspection tour.
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Email: jejeproperty@gmail.com
Call/WhatsApp: +2348063337234, 08063337234
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