Despite the fact that it is pretty obvious that real estate is a wise investment, you would be surprised to find out that there are still several people who are skeptical or uninterested in investing in it. Typical excuses are that it is quite an expensive investment and that it can take a while to realize returns.
The fact is, despite the amount of time and energy it takes investing in real estate, the results are definitely worth the wait. Here are a few reasons why:
One of the most significant differences between real estate and other physical assets is that it appreciates over time. A building worth N10, 000, 000 today can be worth six times that amount in the next five years especially in the right location.
You do not need to be a real estate specialist to invest in it. Practically anyone can invest in Real Estate; there is tons of information online about investing in Real Estate and you can easily manage a portfolio of properties from the comfort of your home with new technology.
Real Estate Investment also gives you full control. Once you have acquired all proper documentation for your property, you own all rights to the property and can pretty much do what you want with it. You can easily jack up the worth of your property by making renovations, adding special properties (e.g. a pool) and subsequently increasing the selling price or the rent.
A very good thing about real estate is that it is not transient. Once, you have built the physical structure or have the landed property, it doesn’t fade. A piece of Real Estate can last hundreds to thousands of years depending on the strength of the architecture and of course, maintenance.
So, if you have been stalling on putting your money into a Real Estate investment, there is no better time than now. What’s more, we can offer you professional advice on how to go about it.
By Omolola Olakeye.