Statistics shows that the majority of newbie investors in Nigeria loose money either by falling victims to omo onile , land grabbers or simply buying properties they don’t necessarily need.
I’ll share with you today real estate content that can help you become a better investor, understand the market and help you make money in the real estate world.
The exchange is very wild and the very first thing to know about as a potential real estate investor is to know the various type of real estate investment and they are : land banking ,commercial real estate, residential real estate, real estate trading, real estate investment trust and others
In more practical terms if you’re buying land in makurdi or any other place, the main purpose is to buy now at a cheap rate and sell it in the future for a higher rate when it’s appreciated.
If you are in the market for a commercial property it’s best to site them in a busy location that can help you drive lots of Traffic back to your business.
Another thing is to get land title/ documentation so as not to Attract demolition of property in the future. Acquiring lands without genuine titles is a mistake to run far away from.
Land titles includes
- The Gazette
- the C of O
- The R of O
- The Governor consent
- Deed of Excision and few more.
These documents have different degree of protection to your property.
Another common misunderstanding is that you need millions of dollars before investing in real estate, which is untrue. Your budget will be determined by the type of real estate investment you wish to make.
