No doubt property is a high return business, but it’s also high risk. It’s an ancient profession that will never go out of demand. One needs to understand the industry before jumping into its business. Many things that look easy on the outside will surprise you when you get to their implementation. You should have...
Owning a home isn’t only an emotional experience. It’s also a financial decision that can pay dividends as you build up equity in your home and see your property value increase over time. The rate of this property value increase can depend on a number of different factors, including the community where your home is...
Nigeria is a country with almost 200 million occupants, and also due to the economic and political issues, it has had a negative impact on the real estate market. Inexperience: Some people will claim that they don’t have the knowledge to invest in real estate and manage it effectively, especially Nigerians in the diaspora who...
Statistics have shown that infrastructure represents about 50% of the construction cost for property developers. This indicates that good infrastructures are a key operator of where real estate investment millions go. Nigeria’s real estate sector posted a 3.85% growth in the second quarter of 2021, representing its highest growth in six years. This has been...
When it comes to owning a home or renting, there is always so much which is debated about. Both sides have valid reasons to which is better, so it can get a bit confusing. Renting is an agreement where a payment is made to the owner of the house (landlord) to reside for an agreed...
Owing to the growing population, the purchase of land in Nigeria has been in high demand. People aspire to own land in Nigeria, expatriates aspire to take a share of the lands to serve a commercial or residential purpose. With the growing demand for landed property, it’s a pity that only about 12% of land...
Real estate investments have existed for so many years but not everyone has tapped into this. There are so many financial potentials for investing in real estate. Imagine the benefits of investing in real estate, do you think you would be able to retire comfortably when the time comes? Real estate investing when done correctly,...
If you’re considering becoming a homeowner, even years from now, recognize that there’s a lot more to purchasing a house than saving enough money for a down payment. Additional expenses come up throughout the home-buying process. Some of these are upfront, out-of-pocket costs that are nonrefundable even if you end up not closing the deal....
Thinking of purchasing a home this year? Below is a list of five New Year’s resolutions that can help you keep your financial resume in tiptop shape. 1. Avoid job hopping Employment history and income are two of the biggest factors lenders look at when evaluating a mortgage application. A new job may be a...
After months of house hunting, declining series of offers, house inspection, and property disclosures you’ve finally purchased your dream home but the journey of purchasing a home doesn’t end on closing day. Below are some steps you should consider before moving in. 1. Plan renovations It is rare for a buyer to get a place...
