Land acquisition trumps any other profitable investment opportunity in Nigeria because it appreciates. No matter what happens, your value for money can never diminish. In simple terms, you can buy a land at the right price, hold it for a while for it to really appreciate in value and then sell off for 10 times the price you bought the land. Sounds magical but it’s actually as easy as it sounds!
Acquiring plots of land as a long term investment plan is the easiest way to get into real estate and property investing, and it can be very profitable if done right. Your retirement fund or contract business profit is not complete without a property portfolio. And if you’re like me that wants to make a lot of money with as less stress as possible then you want to start investing in land; but only buy at the right location and for the right price.
Here are five Reasons Investing in Landed Properties is the Best Type of Real Estate Investment
- It’s inexpensive and secure to start
Compared with buying a house for example or even buying a land and then erecting a building, buying a land is much cheaper. Even more so when you target places that are bound to develop in the near future. And then all it takes to secure your land from trespassers is to buy in a serviced estate (comes with gated fence) from reliable real estate companies with complete genuine documents. And then sit back till you are ready to sell for profit. Acquiring plots of land for the purpose of reselling is a profitable inexpensive long term investment.
- You don’t have to do ANYTHING to cash out big
Owning a land is quite simple and less capital intensive in comparison with owning any other type of real estate. This makes investing in land so attractive. Owning the right piece of land outweighs the many issues that comes with erecting and maintaining a house for example. All you really have to do is some soil test to know if the land is suitable to build on if/when someone wants to, and that it has the right attractions to make for a good investment.
- Owning a land is a hands off investment
Owning a land for resale is a really long term investment, and that is the risk involved in it. That is also the beauty of it; no continuous time and cash investment to make it appreciate in value. Find a piece of land, close the deal for it and move on with your life. It’s that simple. Then no less than 5 years later, sell it off for 5-10 times your cash invested. It doesn’t get better than this.
- No competition
Investing in landed properties is an investment opportunity with low competition. Of course not many people have the patience it requires, and others prefer the residual income that comes with owning houses, apartments and commercial properties. You can take advantage of this.
- Investing in landed properties gives you peace of mind
Since land is a tangible asset that doesn’t wear out, doesn’t depreciate and nothing can be broken, stolen or destroyed, it gives you peace of mind. Your investment is secured and you never have to worry about external factors if you buy from the right quarters and get your documentations right.
If you go into landed property investment with the intention of holding the property rights for long term then it can be more profitable than any form of retirement plan out there. In fact, your retirement fund isn’t complete without a property portfolio. And if you’re like me that wants to make a lot of money with as less stress as possible then you want to start investing in land; but only buy at the right location and for the right price.
We hope this article has helped with information about landed properties. If yes, please share with us in the comments section and if otherwise, please feel free to share your concerns too. Don’t forget to share this article too.