Buying land is always hot. Millionaires Real estate investors say the best time to buy land was five years ago and the next best time is today. But, before you go bringing out your cheque books, you need to understand the land business. Buying and selling land is good business if done correctly. Although, millionaire investors advocate for buying land, having a purpose for buying land is the first step in the right direction. Here are important steps Real estate Millionaires use to help you buy land.

 Establishing what you want to use the land for


• People buy land for different purposes like to build a house, for commercial use, land flipping, agricultural. To help you get started, answer the following questions:

• Set a clear goal for buying land. What do you need the land for?

• Determine the most suitable location to buy the land.

• Define the number of plot to buy and its access to urban areas.

• Verify the title documents of the land.

Acquire basic information about the area. Investigate the region and establish contact. Avoid lands with litigation issues and Omonile wahala.

Identify the problems involved in acquiring the land and evaluate the risks involved. For instance, if you decide to invest in a land yet to be excised by the government, take into consideration the consequences should the government decide not to excise the land. All investments have a degree of risk. Choose your risks wisely.

Distinguish between long-term ventures and short-term ventures. For instance, buying land for agricultural use is a longterm venture and it returns on investments takes time. Land flipping is a short-term venture that brings good return on an investment within a year or two.

Think long-term. It is always more profitable to buy land where people will settle in three to five years from today. The challenge is, no one knows for sure where people may decide to settle in the future. However, they are predictive economic factors that could help determine where the next people will migrate to.



 Putting your finances in order

Finances is the improtant factor that determines whether you can buy a land or not. It’s no use going through all the trouble in making sure the land you want to buy is a perfect fit if you don’t have the means to finance the project. The cost of land isn’t just limited to the cost of land per square meter. There are hidden factors that cost money and should be taken into consideration like the following:

Gathering information and researching on the land in itself costs money. The cost of verifying land documents, and cost of inviting a surveyor to survey the land all costs money.

Additional fees like developmental levy, survey fees and documentation dues may not be included in the cost price of the land. Before making a commitment, find out if there any extra fees, and when & how these fees should be paid.

If you want to buy land and you are findingthe process confusing and stressful, you can reach out to us now via Call/Whatsapp: 08134960955 and you will put in the right direction to buy land properly.