The best time to invest in real estate was five years ago, the other best time is now!
First of all what does real estate mean?
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property.
Thinking about investing in real estate? Here’s what you need to know about real estate benefits and why real estate with Divano Crystal Limited is considered a good investment.
Appreciation
Real estate investors make money through rental or resell income, any profits generated by property-dependent business activity, and appreciation. Real estate values tend to increase over time, and with a good investment. For example, take this into perspective. The part of the island called Lekki was not always Lekki. It was called Maroko, a slum. Now a lot of people only saw the slum, they didn’t see the potential of Maroko, so they invested in other well-developed areas of Lagos. However, a few visionary people saw the future of Maroko, they saw potential and they invested in Maroko. That was only the beginning, because the government also saw potentials in the area and invested heavily in Maroko. Projects of different magnitude were being commissioned in Maroko, from roads to schools, companies, business outlets, civil servant buildings and even government residential areas. Presently, a plot of land in Lekki is going for 60-80Miliion Naira and above.
Build Equity and Wealth
As you pay down a property mortgage, you build equity—an asset that’s part of your net worth. And as you build equity, you have the leverage to buy more properties and increase cash flow and wealth even more.
Competitive Risk-Adjusted Returns
Real estate returns vary, depending on factors such as location, asset class, and management. Still, a number that many investors aim for is to beat the average returns of the S&P 500—what many people refer to when they say, “the market.”
The Lekki-Epe region down to Epe axis have so much potential to transform into something even bigger. In fact, Epe is rightly called “The new Lagos” because of the potential it has. Investing anywhere in these regions will be a smart move. Presently here are lands in this axis that a smart investor could key into: Westfield Gardens Estate, going for as low as 17,250 per square meter which Is 1,725,000 for 300 square meter and 3,500,000 fit 600 square meter, The southwestern residence- going for 15k per square meter and 1,500,000 for 300 square meter, Bridgegate estate – 20k per square meter and 2 million for 600 square meter, pearl gardens phase 3 estate, 250k per square meter and 25 million for 600 square meter. It is worthy of note 70% of millionaires today became so by investing in real estate, you don’t need to have all the millions in the world to join the ranks of real estate millionaires. It has been made so easy today that with a few hundreds of thousands and a flexible payment plan, you can be on your way to building your very own real estate portfolio. Start from somewhere, start by investing with Divano Crystal.
