SIMPLE WAYS TO INVEST IN REAL ESTATE IN NIGERIA 2022

The Simple Ways To Invest in Real Estate in Nigeria 1 Land Banking the practice of buying land as an investment holding it for future use and making no specific plans for its development Land banking is among the relatively low-risk investment opportunities with a potential for high returns Land banking is one of the oldest real estate investment practices where investors buy small or large quantities of undeveloped land intending to profit from the resale of the land 2 Short Letting A short-let is a property which can be let from a few weeks to a few months Any kind of property can be on a short-let from studio apartments to bungalows to ten-bedroom duplexes Short-lets are usually offered with bills included in the rent While hotel remains the primary provider of hospitality services in Nigeria the following are the reasons why short let is becoming a strong competition to the hospitality industry - Cheaper alternative Accommodation and the right event venues are considered some of the most expensive items when either traveling or organizing an event It also serve as a better and cheaper alternative to hotel accommodation so you can enjoy the service of a hotel in a residential environment and pay far less than a hotel Short let apartments offer what industry players describe as affordable quality when it comes to accommodation The affordable luxury nature of short let apartments is making the venture to become an alternative for hotels According to data from Nigeria Property Centre the average price of flats short let in Lagos is N65 000 per day This is compared to the average of N100 000 or more charged per day by hotels for a similar apartment that falls within the three or four-star ratings - A win-win for tenants and landlords While some landlords are directly reaping from the short let industry others are enjoying early rent payment from their tenants who put out their spare rooms up for shot let People go on vacations for an extended period leaving their properties vacant These empty flats stay unused and bring them no added benefits Renting out the building for a few months would make an extra source of income at no extra cost According to industry analysts more Nigerians are expected to join their peers and list properties for short let and it would consequently lead to lower prices that will be enjoyed by occupants - Complete Peace of Mind for the Homeowners and Tenants Short let is hassle-free for the homeowners and it gives them complete peace of mind A team of cleaners prepare the property for the tenants arrival fresh linen and towels wardrobe and fridge space This continues if it is a serviced apartment If it is not the apartment is cleaned again when the tenants leave And in the meantime you re getting someone to keep an eye on your house when you re not there - It is needed for flexible business travel Travel has changed People Travel has changed People are traveling more and not just for leisure employees have become used to flexible business travel with International companies looking to share skills and experience across the globe When travelling for leisure people are looking to immerse themselves in the culture of the country wanting to discover the best places no one knows about and when travelling for business people want space and home-from-home facilities Everybody wants to feel at home whether on a business travel or for leisure Let them have it while you make more money - Higher value in appreciation A short-let rental apartment obviously has a higher value appreciation since the rental value can be used as resources for other enterprises in a short period of time while turnover increases 3 Buy to Rent How does buy to let work When you buy to let you purchase the property and then act as the landlord letting it out and charging rental payments In order to make a profit these payments should be higher than the cost of maintenance letting agent fees if applicable 4 Buy Back Scheme A cash back clause refers to a term in a Contract of Purchase and Sale whereby the buyer and seller agree that the seller will refund some specified amount of money to the buyer in cash upon closing 5 Buy to Build This is Simply achieved by buying a piece Land or Plots of Land where by you build houses and Re sell over a period of time as a finished or furnished property For More Info Call WhatsApp 08137918373 08115968460

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