Everyone touts about the benefits of investing in real estate, but what about land? The general consensus has always been that land is not a worthwhile investment. Why? People falsely believe that land won’t produce income. It just sits there. It’s a boring investment. Land can produce a serious cash flow, and right now, it’s one of the best investments you can make. Here are some few reasons why you should invest in land.
It can sometimes be a challenge to find a home on the market that checks off all the boxes on
your list of must-haves. If that’s the case, there’s always the option to buy a piece of land and build your own home, customizing it from top to bottom to your heart’s desire. But while buying vacant land is a potential alternative to buying resale, there are certain precautions you will need to take before you sign on the dotted line. Without in-depth research into the land you have your eye on, your enjoyment of your new home can be negatively affected. Prior to purchasing land to build on, be sure to take the following factors into consideration first.
The decision to list your home for resale is a big one. No doubt it came about after much thought, weighing pros and cons, and series of long discussions. However, once you decide to put your home on the market, get ready for the next big discussion which is interior design. Many times sellers assume that interior design is a waste. If you are look to get as much money as possible out of your home, why would you put money back into it just to make look prettier for the new owners? Read on to find out why interior design is essential when listing your home.
Here are some reasons:
Selling a property can be a costly and stressful time for anyone. It takes a great deal of your time and effort, so it’s natural for vendors to want the process to end with the best possible outcome. All vendors naturally have the ultimate goal of seeing their property sell quickly and at a high profit. Yet in many cases, houses can sit on the property market for months if not years with little to show for the time and effort. This may be due to your agent and or partially due to common mistakes on the part of the vendor. There are many factors that go into a successful sale, including the estate agent you choose to work with and your marketing strategy. You can improve your chances of avoiding typical mistakes by working with a very proactive, highly recommended and experienced agent. With that in mind, here are some mistakes to avoid when you’re selling your home.
A lot of home activities such as cooking, cleaning, eating, drinking, socializing take place in the kitchen. That’s why it needs to be both beautiful and functional. Regardless of your kitchen design style, organization and layout are essential. Here are the some mistakes to avoid in order to achieve both practical and elegant kitchen design.
Poor planning and budgets that are too small can lead way to some wayward, inconvenient and disastrous mistakes. When you plan on building a new home, you must look at the home from many angles. You must consider your current and future lifestyles. You need to take family planning into consideration – Will your family be expanding? Or will your children be leaving the nest? Do you entertain often and host overnight guests regularly? Take your time and do your research both online and in person. Be sure to take the time to meet with professionals in the industry. Poor design choices can make your home not only uncomfortable, but downright unhealthy. Architects, engineers and builders are all trained to help you make effective decisions. They will help guide you as to where you can save and where you absolutely should not cut corners.
Real estate tends to lag behind other economic sectors when phenomena such as recessions take place; as such, it may take some time before the proverbial housing bubble bursts. When that happens, buying opportunities tend to emerge.
Few points are listed below to enlighten buyers out there.
Depicted above is a single cycle. The end of the recession phase connects to the beginning of the recovery phase to form the continuous wave pattern. Understanding the progression of each phase within the cycle is critical in being able to identify investment opportunities, as well as risks that can arise, with heightened sensitivity when phases are on the verge of transitioning.
One of the unique aspects of commercial real estate is that investors can invest successfully across all four phases of the cycle. However, understanding whether a cycle is climbing closer to a market peak, or starting down the slippery slope towards a market low can affect a variety of factors, such as:
- Pairing investment strategy to phase
- Holding periods and exit strategies
- Return expectations
- Performance as it relates to income and appreciation
- Timing of capital improvements
For an industry that has literally suffered a period of boom and bust in recent years, the real estate sub sector in the view of bookmakers is about to unravel.
According to the faculty members of the Nigeria Real Estate Investment and Exhibition (NREIE), a think-tank for the real estate market, the sector has enjoyed significant growth over the last decade even amidst the shortcomings of finance, know-how and right operatives. High-rise office buildings are springing up in tens yearly and luxury estates are on the increase in major cities. There is however more to be done, it is believed there is a deficiency of about 17 million houses to serve the populace optimally. Read More
Real estate business might not be very buoyant at the moment. The reasons are not far-fetched; the ongoing economic challenges in the country which has resulted in the fluctuation of naira against other currencies (dollar and pounds) and has made some people to put on hold investment in real estate, while a number of would-be investors have to contend with the task of locating investment opportunities in markets that offer the greatest long term growth and stability, and or investment in other endeavours. Read More