REAL ESTATE; YOUR ONE POINT INVESTMENT TO FINANCIAL FREEDOM.

Often times in life, humans are driven by a strong phycological need to live a comfortable life. This very desire naturally spur certain human decisions,action and in-actions that yeilds the needed result of comfort through financial freedom . Put in a lighter note; It is the sole reason for daily hustle And Bustles. Financial freedom Here connotes ability to have adequate financial manpower to cater for your everyday need and that of your love ones.Hence, one of the critical line of action by those who actually strive and succeed in achieving certain level of success in life is through investment. Investment here involves making a sacrifice in the present with the hope of deriving future benefits culminating into what is otherwise known as Return On Investment. Two most important features of an investment are current sacrifice and future benefit. However, amidst the many form of investment available for investors, there exist one that has stood Out over time to become a major source of comfort and financial Independence which many seek. That very renowned investment is the Real Estate Investment Which I Highly Recommend For Everyone Desiring To Experience Financial Freedom.

Wikipedia defined Real Estate as a property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general while the Miriam Webster Dictionary posit it to imply a property in buildings and land.

Real Estate involves the acquisition of landed properties through buying,selling Or Leasing which brings financial gain,permanence,comfort, dignity and security.

It is said to be one of the oldest form of investment in the world with an English origin which dates back to early 17th century (1660) ,coined from a latin word Reel Estete said to connote existing, actual and genuine.
Real Estate is one of the most successful investment packages in the world over time. In Nigeria alone,statics which emerged at the globally recognised Real Estate-focused West African Property Investment (WAPI) Summit, which took place between the 28th and 29th of November 2017 in Nigeria put the net worth of Real Estate in Nigeria at a market capitalization of $151million , or 0.36 ratio of the local stock market as of 2017. This statics certainty has doubled since then as the sector continue to lead the charge of the economic activities, growth and development of the Nigeria State through investors who thronged in daily to take hold of the glaring opportunities the sector provides.

Investing in in Real estate business yields lots of financial profits and advantages that simply cannot be over emphasized.

At this point, It is important for us to note some of the basic characteristics of real estate which include scarcity, improvements to the land, permanence, area preference, nonhomogeneity, indestructibility and immobility.


For clarity of doubt;below are some advantages of investing in a Real Estate Business;
* Steady cash flow. There is constant In-flow of incomes which usually comes through sales,rentage and brokage. It then means that, this investment has a high propensity to bring massive return on investment at all times.

* Control and Access: There is a direct access and control over the returns from an investment. Assets are managed by the owner, rather than a large corporation or fund manager. Although,the said property can also be managed by a property manager or Real Estate agent with a strong monitoring and influence by the property owner.

* Leverage: Banks lend up to 80% of the value of the property, enabling owner to use other people’s money to buy larger amounts of investment. This help to solve the problems of start up capital which most persons often claim is the impediment of investing.

...............To Be Continued.

I Do Hope That I Made Much Sense To You . Its Always A Pleasure To Provide You The Needed Guide , So You Don’t Make Mistakes In Your Real Estate Investment Journey Because It Is About The Future.

I Would Love To Hear Your FeedBack. Kindly Sms To +234(0)7066669581 Or Email To BrightSideConsultingLtd2020@gmail.com

Please, Also Do Well To Follow Up Our Social Media Page Using The Handles Below For Detail Of Listing Of Our Very Affordable Products And Services.

Best Regards.

Bright S. Peterside.
Real Estate Consultant/PR,Brand Communication Expert.

Awesome.

6 critical steps to achieving affordable housing in Nigeria.
By
Bright PETERSIDE.
(Lagos Real Estate Broker & Investment Expert)

Affordable housing is a major challenge for many Nigerians. The high cost of housing in the country has made it difficult for many people to own their own homes. It’s no longer news that Nigeria has an acute housing deficit estimated to be in the region of 22 million, which would require about N6trillion to fix. To properly tackle the accommodation shortage, the nation will need to build one million housing units per annum in the next 20 years in other to bridge the deficit.

Currently, the nation (both government and private sector) can only produce 75,000 housing units annually, which experts said was a far cry from what is needed to solve acute accommodation shortages among the growing Nigerian population.

However, there are ways to achieve affordable housing in Nigeria. In this post, I will explore some of the solutions that can help Nigerians achieve affordable housing.

1. Government Intervention: One of the most effective ways to achieve affordable housing in Nigeria is through government intervention. The government can provide subsidies or tax breaks to developers who build affordable housing units. The government can also implement policies that encourage the development of affordable housing, such as reducing the cost of land and providing infrastructure like roads, water, and electricity. Providing this basic infrastructures is very fundamental to creating affordable housing. This is because it makes for cost reduction on the developer, while serving as a great motivator for home seekers.
Many times, investors look out for this basic amenities before choosing a destination for their investment, and so having in it place will greatly enhance home ownership for Nigerians.

2. Microfinance: Microfinance institutions can provide soft loans to individuals and groups who want to build their own homes. These loans can be used to purchase land, build houses, or renovate existing homes. Microfinance institutions can also provide financial education and training to help individuals manage their finances better. This is neccessary since funding is cardinal for both property developers and buyers.

3. Cooperative Housing: Cooperative housing is a form of housing where a group of individuals come together to build and own their own homes. This can be a cost-effective way to achieve affordable housing as the cost of land and building materials can be shared among the members of the cooperative. Cooperative housing also provides a sense of community and social support.

4. Use of Local Building Materials: The use of local building materials can significantly reduce the cost of building a house. For example, using locally sourced bricks, stones, and timber can be cheaper than importing these materials from other countries. This can help to reduce the cost of building houses and make them more affordable for Nigerians. This is very important since affordability is key to home ownership in Nigeria. There is therefore urgent needs for the public sector in Nigeria to pay attention to developing locally made building materials for housing projects as against the current trend of high dependent on foreign or imported building materials.

5. Public-Private Partnerships: Public-Private Partnerships (PPP) can be used to develop affordable housing in Nigeria. This involves collaboration between the government and private developers to build affordable housing units. The government can provide land and infrastructure while private developers can provide the expertise and financing to build the houses.



6. Mortgages:
A mortgage is a loan that is used to purchase a home or property, and the borrower pays back the loan over a set period of time. Mortgages can be a great way to help Nigerians achieve their dream of owning a home. However, mortage options is very low in Nigeria due to both the issue of inavialability from the government, and high interest rate from private sector. Government can therefore support the citizens by providing mortgage options to finance housing.

In conclusion, achieving affordable housing in Nigeria requires a combination of government intervention, microfinance, cooperative housing, use of local building materials, and public-private partnerships. These solutions can help to reduce the cost of building houses and make them more affordable for Nigerians.


Bright PETERSIDE is a Lagos Real Estate Broker & Investment Expert based in Lagos, Nigeria.
Email: petersidebright25@gmail.com
www.brightsideconsultingltd.com