To be honest, we are at a point where real estate investments just make sense.
If you do some research you’ll see various offers from realtors and real estate firms offering affordable entry points for real estate investment. Yes, its absolutely true, we at Intelligence properties believed in this vision of Home ownership with flexibility, but more, we sell peace of mind and strategic locations, which is very important in investment index. The only thing required is for your income flow to be stable enough to support payments in installments till you fully own the property. I should tell you this smartly, you can even expect equivalent or better growth on these affordable assets than more expensive assets.
Opt into buying less than a plot. A standard plot of land measures about 600sqmin Lagos, and if you cannot afford to buy this size, you will be wiser to opt for a half (300) or 450sqm and keep going. With a good architect to design your space, you can possibly get two units of semi-detached duplexes on the 300sqm; live in one and sell or rent the adjoining building out.
Form an investment group with a few friends and start small, you can buy one plot together – develop it together and then sell and use the profits to re-invest but remember to get a legal contracts when doing this (you might need to develop this further)Other ways to use this option would be to keep buying plots with your mutual funds with the plan to either develop or sell them off in the future. This option works best with Old school associations, friends and family groups or even with associates.NB: Remember to get your agreements executed to protect each party.
A Few Years from Now You’ll Wish You Did
Investments typically take time before they yield large returns. This is why if you start today and invest smartly, you’ll be patting yourself on the back a couple of years from now for a job well done. To be honest, we are at a point where real estate investments just make sense.