Why you need to invest in real estate, By Lansar Aghaji

Posted by News Express | 20 August 2018 | 1,928 times

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•An Abuja housing estate

Before the world became profit-conscious, humans were not really concerned with the acquisition and maintenance of a landed property. The complete integration of capitalism into our way of life means everything has to be viewed from the perspective of profit and loss, as we gradually became seriously concerned with accumulating wealth. Ever since, we have become insatiable, as we continually explore ways and methods to grow in wealth acquisition. 

Of all the wealth creation options men have been exploring from inception, none has proven to be as consistent and profitable as the investment in real estate. Despite the several alterations with regards to design and execution that the real estate has witnessed, it has not deterred it from being one of the most reliable ways of accumulating wealth for a lifetime, partly because shelter is one of the most basic needs of humans That does not infer that wealth creation by investing in real estate is automatic. To successfully achieve this aim, some conditions must be met.

And, of course, the inputs of professionals must not be taken lightly. For instance, the very first step you should take if you intend to invest in any landed property in Abuja is to contact an established real estate agency in Nigeria.

This will give you an insight into how your project will be accomplished, the cost and whether or not that dream building you have in mind is feasible.   

To maximise the returns inherent in real estate investment, any competent real estate agency in Abuja should be able to provide you with a professional Estate Surveyor/Valuer whose main task is to perform feasibility and viability appraisal studies.

Performing feasibility and viability appraisal on any undeveloped property provides the Estate Surveyor/Valuer with adequate information about the proposed project in its entirety, by revealing if the proposed project is achievable and cost-effective. This alone screens out projects that will only yield low returns or make you run into losses.
Estate Surveyors and Valuers are also able to correctly predict the type of project that can be executed on a land and provide viable project alternative, all in a bid to maximise the client’s gain. 

Admittedly, investing in real estate is one of the surest ways to build wealth. Real estate (especially the ones in cities) rarely depreciate; they have the propensity to multiply in value and can also bring in a steady income, even beyond your lifetime, if properly managed. The several benefits associated with investing in real estate have higher potentials in cities, but it is equally profitable in semi-urban areas both in Nigeria and other parts of the world.

However, the above does not necessarily dim your chances of making it big when you invest in real estate without engaging the services of a competent real estate agency or without carrying out a proper valuation.

If you get your acts right, you can rise to become the next Warren Buffet, Donald Trump, Miloud Chaabi or Eleganza of real estate. But, you need more than just luck. You will surely require the expertise of a real estate outfit comprising a team of professionals on your side. With proper feasibility and viability appraisal studies from a competent team of Estate Surveyors and Valuers, backed by your determination to succeed, the sky is just your starting point.

•Lansar Aghaji writes via info@lansaraghajiandco.com

Source: News Express

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