The Real Estate Industry in Nigeria is fast evolving and is considered to be one of the safest, due to the appreciating value of property in the country. No doubt, the sector has advanced from the stage of newspaper prints, magazines and flyers to the use of Real time (online), Real Estate tools such as property websites, blogs, social media like face book, twitter, goggle +, pinterest, linked In, instagram e.t.c. Interestingly, when compared to other forms of investments, the real estate depreciation rate is very low. Just like food, water and clothing, shelter is one of the basic human needs. It would be nearly impossible to survive on this earth without a roof over your head. Everybody needs a home. This is ideal for prospective investors to generate profit through rents or leases of varying lengths. The boom in Nigeria’s real estate market is a juicy opportunity for entrepreneurs to exploit and become successful property owners.

In case you’re planning to invest in the Nigerian real estate sector, kindly check the following under listed steps on how to go about it. Many upcoming and successful investors have make use of the guide and they already making their way through.

1. Setting investment goals is the first step to put into consideration. There are two primary approaches to profit from any land you purchase: offer at a higher cost or lease it to acquire enduring streaming month to month/yearly salary. Which of these will be your objective? What’s your arrangement? It is safe to say that you are making arrangements for retirement and need a wellspring of wage to manage you when you are no more working? Do you plan to leave your place of employment one day to seek after your genuine interests however require a standard wellspring of pay other than a vacation? Possibly you truly needn’t bother with a consistent salary. It may be the case that you are searching for okay and long haul venture sometime and give a superior return. You need something with speculation gives back that are unsurprising than stocks.

Whether you will probably purchase keep and offer later or to acquire enduring rent wage, it is imperative that you have an arrangement and stick to it. This is the first and most essential thing to do before putting resources into land.

2. Having set the goals, who to buy from and how to find them is another important steps to consider. There are generally two gatherings who offer a large portion of the land you need to purchase-how about we call them open and private. The fundamental people in general gathering are the administration. Governments regularly offer land to normal individuals and organizations for private or modern improvement. At the point when governments offer land, it for the most part offers at a lower value contrasted with the overarching market costs. The private gathering is principally comprised of people and corporate associations. On the off chance that you look in the classifieds segment of your neighborhoods daily paper, you are prone to discover adverts for land properties at a bargain. Be perceptive and give careful considerations to your surroundings.

3. It is also pertinent to make a few inquiries. Tell individuals you are in the business sector searching for properties to purchase. Your neighbors, office associates and companions can be rich wellsprings of land data. You should simple inquire. Enroll the administrations of a land specialist. These operators are experts who help customary individuals like you locate the sort of properties they need.

Meanwhile, before you buy, do your research very well, I’m certain you would prefer not to get included in a property that is subject of a battle or fight in court. You should make sure of the right state of any bit of land you are keen on.

4. Lastly, having done your research, ensure you get the necessary titles and government approvals. By enlisting title and getting the important endorsements, the administration perceives your responsibility for property and shields you from any battles or debate that regularly appear in a player on the planet.

SOURCE: Accounting Wizards’ Blog

cc: Mynd44, Dominique, Lalasticlala

Real Estate is the safest investment. Do you agree?

Real Estate is the safest investment. Do you concur?