Wednesday 27 December 2017

INVESTORS GUIDE: 4 Real Estate Investment Tips to Undertake in 2018


As the year 2017 comes to an end, investors in real estate have different opinion on the outcome of their real estate investment.


For some, it was the best year of achieving success satisfactorily beyond expectation while for some it was a year with many accompanied mistakes with little achievement. Irrespective of what your opinion is good or bad, you should understand that investing in real estate has its own risk and returns like any other investment. So investors should always be ready to face it.

The year 2018 is a fresh year to look into with many awaiting opportunities to harness by investing in real estate and get what you want.

So for this reason, we are giving you 4 real estate investment tips to give a try in 2018.

  • Take the right investment decision.
The decision you make has great influence in the outcome of your real estate investment. When the right decision is taken, the outcome would be good and beneficial and when the bad one is taken, you thebinvestor equally bear the pain. So before investing either in direct or indirect real estate, think through your chosen decision and be hopeful to be what is expected.

Some of this decisions are when to buy and when not to, to build or buy, to lease or not, to sell and not, to convert use and not, best place to invest that command high returns in investment, the best location to choose in sitting a real estate development project and so on.

Now stressing a little on location decision, be rest assured that location has to be collaborated with proper planning in an investment because having a good location without proper planning will result to waste of resources.

  • Invest in High Yielding properties
As an investor in real estate with the aim of obtaining maximum returns from investment. Focus more on high yielding properties which are properties that command high value, demand and growth. Commercial, residential and special properties are high yielding properties.

You would agree with me that in every developed city in Nigeria and the world at large, these particular properties are predominant.

People demand for commercial properties like office space to run private businesses, open hall to rent out for special occasions like wedding, seminars, political gathering and so on, warehouses to store goods for delivery.

People always demand for shelter and while some are moving from a bad house to a good one, from better to best irrespective of the rent and as their jonses in life increases and demands such as good job, number of children and family and so on.

People seek for place to relax after a long day work and because of this there is high patronage for special properties like cinemas,club houses, playgrounds, parks, hotels, art gallery, and so on.

These are good real estate investment to look into.
  • You can do a real estate crowd funding.
As a real estate investor who has a good real estate development project plan to execute but limited by fund to embark on it. You can simply do a real estate crowd funding.

It is simply requesting for financial funding from set of people known as crowd who are real estate investors. This can be done by sharing real estate development project plan with a good repayment strategy that has the tendency of capturing the attention of investors to see the need for investing. This aspect of sponsorship and fund raising can also be adopted.

Real estate crowd funding can be done in two ways:

The traditional way by approaching people to fund your project like friends, family, relatives, colleagues and so on.

The digital way which consist of online websites that you can get in touch with investors to fund your real estate project which unfortunately is not fully harnessed in Nigeria.

If you don't get enough from real estate crowd funding, you secure loans from mortgage institutions in Nigeria.

  • Seek Advices and work with the right real estate professionals.
As a real estate investor,don't always assume you know everything about the property market because there are dynamism which you may not follow or be aware of. So keep what you know and learn more through advices from experts like estate surveyors and valuers, real estate consultants, property managers and facility managers as well as work with them because they are knowledgeable about current trends in the property market by practising and studying constantly and on daily basis. Doing this will avert certain mistakes and ensure optimum returns on your investment over the long run.

This tips are not limited to this, it is now your turn so if you have more that are helpful please kindly share with us.


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