Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,238 members, 7,818,811 topics. Date: Monday, 06 May 2024 at 05:07 AM

Real Estate Nugget - Properties - Nairaland

Nairaland Forum / Nairaland / General / Properties / Real Estate Nugget (890 Views)

Just A Mid-day Nugget (2) (3) (4)

(1) (Reply)

Real Estate Nugget by Aotoidee123(m): 12:20pm On Jan 08, 2018
5 REASONS Investing In REAL ESTATE is Better than SAVING In BANK*

Some feel that saving money in the bank is a good strategy to building wealth. Though, it is very good to save, it is not a good wealth building strategy. The gains of real estate investment far outweigh that of saving in the bank for the following reasons:

1. *Currency always diminish in value while real estate appreciates:*

The purchasing power of money continually diminishes. The things One million naira could buy five years ago are not the same things it can buy today. However, real estate always appreciates. If you buy a plot of land in a good location, take effective possession and perfect necessary
documentation today, in five years’ time, you can sell it for up to 10× or more of the price you bought it.

2. *Return on savings is infinitesimal while returns on real estate investments are huge:*

When you save your money in the bank or do a fixed deposit, your returns on investment are usually single digit per annum. Conversely, based on the rate of development in the area you purchase your landed property or building, the return on investment are often huge. If you buy a house for example and let it out to tenants, between a decade to two, you will have recovered your investment and you will continue to make profit for the rest of your life.

3. *Your money in the bank simply makes the banker richer while your money in real estate makes you richer:*

If you save money in the bank, the money will be used by the bank to give
out loans and you will be paid an interest. The difference between the interest given by the customer who loans your money and the amount given to you is taken by the bank. Thus making the banker richer. On the other hand, when you invest in real estate, the difference between the price you bought the property and the price you are selling it is taken completely by you.
Thus making you richer.

4. *Expenses always arise to deplete your savings but your property is always there appreciating in value:*

When you have money saved in the bank, no matter how disciplined you are,
there will always be expenses that will arise to deplete the savings. When
you invest such funds into real estate, your cash is tied into an
investment that will be appreciating in value no matter how lose you are
with the remaining cash in your possession.

5. *None of the rich ascribe their success in gathering wealth to saving but most of them have impressive property portfolios (more than 90% of them):*

Of all the wealthy individuals in the world, I do not know of anyone whose wealth strategy was saving in the bank. However, a cursory look at the wealthiest individuals in the world, in Africa and even in Nigeria show that property investment is the preferred wealth building option.

Now you know, It's time to act

1 Like

Re: Real Estate Nugget by delighty(f): 6:11am On Jul 11, 2018
Our basic role at Adron Homes & Properties Limited is to secure suitable house for everyone, irrespective of social class, income level and all else.

We are daily driven to keep our promise, increase our land bank, expand our client base offering excellent services and affordable housing products with a singular mission to exceed expectations.

We have affordable lands and houses in our estates across Lagos, Ibadan, Abuja and Ogun states with a flexible payment plan ranging from 1-7yrs.

The best time to invest in real estate was yesterday, the next best time is now. Call Edna on 08134315268 today!

Re: Real Estate Nugget by delighty(f): 6:38am On Jul 11, 2018
Manhattan Park and Gardens abuja-keffi express way.
Facilities on ground; swimming pool, lawn tennis court, children playground, street lights, eatery, gatehouse.
Ongoing construction; (4) 5 bedroom monoplex with luxury finishing for sale, roads, clients buildings etc

(1) (Reply)

Oil Blocks Or Wells For Sale In Nigeria / TO LET: Room & Parlour Self Contain / 7 Bedroom Mansion

(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. 12
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.