Real Estate in Nigeria is one of the most reduced-risk businesses anyone should be more than willing to venture into. You can choose to invest in many different things, but real estate is one of the best. Real estate ownership has been one primary source of wealth generation throughout history, and that is unlikely to change any time soon.
As a property owner, you can earn income from renting out your property and the growth in value of your property. This can either happen through appreciation of your asset or by you adding value to the property.
With an investment in real estate, you get to play an active role in how your investment would perform in the long run.
When you buy land, you have the right to build it as high as the laws allow you and as low as it does.
That being said, it’s undoubtedly one of the best and most readily available investment opportunities for individuals. Here are five reasons why you should invest in real estate:
1. You Can Build Equity for the Future
One of the advantages of investing in real estate is being able to build equity. Equity is an asset that is part of your net worth. As you build equity, you now have the leverage to acquire additional rental properties and increase your cash flow.
2. Real estate provides better and stable returns with minimal risk than the stock market
Real estate gives you more control of your investment because your property is a tangible asset that you can leverage to capitalize on numerous revenue streams while enjoying capital appreciation.
3. Real estate has a very high tangible asset value
Other investments can leave you with little to no tangible asset value, such as a stock that can drop to zero or a new car that decreases in value over time.
4. Real estate will increase value overtime
The real estate market value will always experience appreciation as opposed to a depreciation of some other investments like cars, gadgets, etc. Real estate is the fifth-largest contributor to the Nigerian economy and is always a goldmine because of its appreciation value.
5. Real estate is improvable
One of the most unique, attractive, and satisfying advantages of real estate is that it is improvable. This means you can add more value to your property by simply renovating it to fit recent trends.
Investing in R\real estate, just like any type of investment, has its ups and downs. However, it can be a very secure way to build wealth and keep your money for retirement if done properly.