Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,165,400 members, 7,861,123 topics. Date: Saturday, 15 June 2024 at 01:37 AM

Part 2- Why You Should Invest In Raw Land - Properties - Nairaland

Nairaland Forum / Nairaland / General / Properties / Part 2- Why You Should Invest In Raw Land (483 Views)

21 Things You Experience When You Build Your House In Nigeria - Part 2 / See Sweet Photos! Why You Should Invest By Lftz/refinery.promo Ends 30 Jun N3.5m / Why You Should Invest Massively In Ibeju Lekki. What Gov Fasola And Dangote Said (2) (3) (4)

(1) (Reply)

Part 2- Why You Should Invest In Raw Land by landmattaz(m): 3:32pm On Mar 26, 2010
There are all kinds of investments that you can make, but one of the best investments around is investing in raw land. This may be a new term to you, but that’s okay, just keep on reading and you’ll soon have a grasp on the basics.

Raw land is a broad term for unused or undeveloped land. So, you will not be working with the same people that sold you a house. To start investing in raw land you will need to really know what to look for, and an agent that specializes in raw land sales is really the person to talk to.

Investing in raw land is not something that every real estate agent knows how to go about doing. So you cannot just trust yourself to someone that you may have used to purchase developed land. When investing in raw land, you need an agent who talks to officials of the city as often as land owners.

This is because you need to know a lot about the raw land before investing in it. For instance, do you know if city utilities will be able to reach your raw land? Of course, since it’s never been developed you won’t know unless you have someone to help you out, like an agent with special knowledge.

But not everyone starts investing in raw land with the plan to build a house. Many people purchase raw land to hold onto until a later time. The great thing about investing in land and especially investing in raw land, is that your land is one of your few, if not only, assets that becomes more valuable over time. This is called appreciation.

Unlike your car or your computer or most of your other possessions, investing in raw land will give you an asset that actually grows in value over time. The reason for this is that there is only so much land on the planet that people can buy. This makes raw land a big commodity.

To get started investing in raw land, talk to people all over the place to get some ideas about what you should try. The best people to get advice from are farmers. They usually have a lot of experience investing in raw land to plant their crops. But, the almost absolute must of investing in raw land is choosing the right agent.

The right agent will be someone who knows about current zoning issues in the area that you are interested in. Since investing in raw land is such a specialized area of real estate, the right agent will also be someone that is experienced in investing in raw land. They should have good relationships with officials in the area, since you will need to be getting a lot of information from them as you begin investing in raw land.

If you get the right agent who specializes in investing in raw land, that is half of the battle. Your agent will undoubtedly have listings of raw land currently for sale and may even have several sales that are unlisted. They will know all of the right questions to ask and will guide you through the process of investing in raw land.

(1) (Reply)

Property Situated At Ojodu Area Is For Sale / Apapa Properties For Sale Now! / Buy A Newly Build 3 Bedroom Bungalow+bq,@ Crystal Home River-view

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 16
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.