Land banking is a term commonly used in real estate and it means buying of several undeveloped land at a cheap or affordable price – allow it appreciate over a period and later resell to make huge profit.

It is the surest way of maximizing your wealth as leaving your money in the bank at the mercy of inflation is setting your funds up for devaluation.

From the concept of time value of money,we all know that one million as of today will not buy the same thing a million would have bought 10 years ago.

So let's look at the Benefits of land banking over cash banking

1.Physical asset is more valuable than liquid asset.

Land is a physical asset that can’t be easily converted into cash at any time but cash in the bank can be withdrawn and spent at will thereby making you spend frivolously but when your money is tied to a physical asset it is not converted easily.

2.Retirement Security

Land or property owners always have an edge over those that just save their money in the bank at the mercy of inflation.

Land owners property will have appreciated over the years, making them rich in the process.Thereby having huge capital gain to fall back on at retirement.

3. Land can be used as a collateral for loan

Land owners enjoy easy of getting bank financing of their projects.While waiting for your land to appreciate you can equally use it as a collateral for sourcing bank loan.

4. Leverage

Land banking gives your children leverage . you can bequeath your land to your children after you.

A good example is the pastor Paul Adefarasin.
The Land where house on the rock currently sits is an inheritance from his father.

Only God knows how cheap his father bought the land at his time, but now the land is worth billions of Naira.

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Don't forget HoneyCrown properties is always at your service for professional advisory services on land banking.

You can connect us via mail honeycrownproperties@gmail.com