7 Mistakes You Should Avoid When Buying Real Estate In Nigeria
Just like any other business, there are mistakes you should equally avoid when buying real estate in Nigeria.
Real Estate is one of the best assets not just in Nigeria but across different countries. It has lots of investors being able to increase their net worth and Returns On Investment (ROI) through Real Estate.
Most were able to achieve their financial goals faster than they earlier thought they could, establish a great opportunity for their families, and secure a stable retirement plan.
However, trying to invest in Real Estate is not a child’s play, with the right knowledge, skills, and determination, you’ll be able to make money buying and selling Real Estate. Otherwise, one may make mistake just like Mr. Taiwo who without proper research invested in a 4-bedroom apartment at Lakowe, Ibeju Lekki because he was in a hurry to move his family to Lagos. Luckily for him, he only made a part payment of a supposed N15 Million apartment before he found out he has been operating with a false property document.
Therefore, it’s very important that you religiously follow through with this article to know those mistakes you should avoid when buying/investing in Real Estate.
Therefore, never underestimate the guidance of a professional Realtor in getting a Land/Housing property, if you truly value your hard-earned money.
Meanwhile, the woman is working very hard to get back her fund from the company but as you know not without the stress associated with such problems. This is problem won’t be there if she didn’t involve emotions when buying the property and if she did the proper investigation of the property. Check out the next mistake to avoid and get more info on the proper investigation.
This section can’t be over-emphasis, inability to procure proper research can easily lead to one losing his investment when any issue comes tomorrow. Endeavour to properly research the property you want to buy for the safety of your investment, run a background check to make sure the property is the perfect choice for the purpose of your investment.
One of my Client once had this kind of ugly incident concerning a fake document to the intended property, he wanted to purchase at Mowe, Ogun state. Fortunately for him, he had a professional lawyer who was able to detect in time the fake document being presented by the fraudster that called himself a real estate agent. Avoiding this particular mistake will save you so much headache from fraudulent companies and even individuals.
In conclusion, investing in real estate comes with lots of benefits; from the appreciation, the advantage against inflation to the positive cash flow, and many more. Also, knowing how to tap through its opportunity can cause a drastic change in one’s financial goals with a maximum ROI. Watch out for my next article to know how to you can tap through the various streams available in Real Estate.
Dennis Isong helps individuals invest right in real estate. For questions on this article or enquiring about real estate email: dennis@landproperty.ng or whatsapp/call +2348164741041
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