How to Invest the Right Way in Real Estate in Nigeria ?

How To Invest The Right way In Real Estate In Nigeria

real estate

 Real Estate  investing is not a new concept to many, but the question is, ‘are you investing the right way?’

In stressing the importance of investing in Real Estate, former American president, Franklin Roosevelt made perhaps the most outstanding property investment submission when he said, “Real Estate cannot be lost or stolen, nor can it be carried away.

While the theory of Real Estate being a collection of landed properties is well known to many, it is the concept of Real Estate business and investment that has proven to be a hurdle.

There have been increased talks of Real Estate Investment across the media in recent times and as expected; it has sparked many reactions. It is safe to say that the sector is currently experiencing an upward surge in Nigeria despite the current economic downturn.

In Nigeria, Real Estate Investment presents diverse and peculiar opportunities, mainly due to the availability of large expanse of inhabited land and a growing population, estimated to hit 402 million by 2050.

However, despite the numerous opportunities associated with the industry in Nigeria, like in everywhere globally, investing in Real Estate is a lot more complicated than it looks.

Investors must be careful when making Real Estate decisions, as there are pitfalls not visible to many investment professionals and stakeholders.

As a company focused on disrupting the status quo and leading the Real Estate industry in West Africa, Zylus Group is a foremost pioneer of Real Estate Investment in Nigeria.

In this article, we will go beyond the usual concept of buying a home and introduce you to the true meaning of Real Estate and how the right way to invest in the sector.

Before we go into the core of Real Estate Investment and the best model to adopt, it is essential to lay markers and identify the points to note when buying a property.

Before you invest in Real Estate or buy a property, be sure to consider the following:

1. Use a trusted realtor – There are many brokers in the Real Estate space today, and investors must be careful not to fall into the wrong hands. As the saying goes, ‘better safe than sorry,’ be sure to carry out due diligence on realtors and organization before making investments.

An excellent option to consider is the Zylus Group. The company was founded on a simple idea: Real Estate should be accessible. It strives to provide clients and agents with unmatched expertise, marketing and technological, and the most comprehensive land investment options to home buyers and investors.

2. Consider the property’s location to value – It is important to note that the best options to consider when investing in Real Estate are in developing or emerging destinations.

The importance of making decisions to invest in developing areas is the opportunity it gives you to purchase properties whose prices will skyrocket shortly at very low prices. It also allows you to be a part of a great prospect and a pioneer stakeholder of a new Estate and city.

Zylus Group has estates in Ibeju-Lekki and Eleko

 view all our properties here

– two top emerging destinations for trade and commerce. With attractions like the La Campagne Tropicana Beach Resort, Dangote Refinery, proposed international airport, free trade zone, international airport, deep seaport, and Eleko Beach, there is no doubt that there is no doubt these are the destinations for the future.

3.Know how the Real Estate process works – Many realtors and Real Estate companies often shy away from educating potential investors about the property buying process for fear of revealing too many details.

At Zylus Group, we have a team of highly trained company representatives and realtors who will walk you through buying a property and investing in Real Estate.

4.Learn about the property you want to buy – Don’t just buy a property because everyone is buying property from a particular company.

Do you know the property you want to buy? Is it 100% dry land? What are the titles of the land? There are many things to take into consideration when purchasing a property. Zylus Group sells 100% dry land with title deeds, and you are offered the opportunity to carry out a guided inspection of the property before you make payment.

5.Look out for deal breakers – We cannot emphasize it enough that the best time to buy a property is when it is available on promo. The property with an asking price of ten million Naira today was once sold for less than a million; where were you? Zylus Group is known as the ‘masters in land promos.

The company is currently running an exclusive promo on Signum Estate and Prosperity Gardens Phase II and offers properties at a pre-launch price. The best time to buy a property was yesterday!

Don’t just get obsessed with purchase price – Many people have fallen victims to landowners, popularly known as ‘omo-nile’ due to ridiculous price offers. Properties bought from these individuals and fraudulent realtors have a very high-risk factor and are often scams. There is nothing as important as purchasing a property from a trusted Real Estate agent like Zylus.

The Best Real Estate Investment Model to Adopt

It is essential to view Real Estate not just as a necessity but an investing option. Real Estate Investment is as old as the practice of land ownership. Apart from the usual form of property investment, which involves buying a property and renting or leasing it to tenants, there is a better form of Real Estate investment that offers a better return on investment and little or no maintenance cost.

Apart from the zero cost of maintenance, this form of Real Estate investment also offers higher returns than conventional banking interest and investment.

Interesting, right? Zylus Group offers a unique Land Banking Investment Program (LIP), which allows investors to invest in land and earn as much as 30% yearly.

 

Zylus Land Banking Investment Program

For long, real estate investments were a forte for those in the top-echelon, financially adequate, and good in brains with money. While, sure, more and more retail investors are jumping on the scene today, the market is still dominated by those who label themselves as professional “real estate “entrepreneurs.

As a company, as a team, we are working towards changing it, towards liberalizing the market and unearth more real estate investment opportunities for anyone and everyone — from rich people to those in the middle-class because we believe that being a (profitable) property investor should be a far-fetched idea to NO ONE.

Zylus Homes is one of the fastest emerging real estate investment companies. Doing away from the existing industry standards, our end-to-end services stretch beyond the traditional boundaries, assuring to cover all your requirements from every angle. Our services work in a unique model that’s an ideal fit for everyone — property owners, sellers, investors, tycoons, you, them, and everybody. And our large and qualified team enables us to be at your service always.

Zylus Homes extend its real estate investment services to residential and commercial niches, making sure that investors’ money yields the best outcome. So, whether you’re looking for the best place to buy an investment property, want your money to start working for you, or have some other custom needs, Zylus Property Investment scheme is a project you can trust. As the number one land banking company in Nigeria, we assure to fit in all your needs and goals.

Why investing in Real Estate in Nigeria Important?

Real Estate Investing is the purchase or sale of land and buildings to earn money. There are a few different categories of real estate:

  • Residential real estate includes houses, apartment buildings, vacation properties, and anywhere else people live. This is typically the easiest area of real estate for a beginning investor to enter.
  • Commercial real estate (CRE) involves office spaces, retail storefronts, or any building used for business purposes. It’s more expensive than residential real estate, and you’ll manage more property. The best way for individual investors to get into CRE is to buy shares in a real estate investment trust — more on those below.
  • Industrial real estate includes warehouses, storage units, and other large “special purpose” structures like car washes that generate sales

Like in many parts of the world, real estate in Nigeria is a huge investment spinner; land never depreciates.

Many people are very skeptical about venturing into real estate investment due to several factors, and rightly so. However, it is advisable to note that the advantages of investing in Real Estate outweigh the disadvantages. When investors deal with trusted Real Estate companies, the risks are minimized to the barest minimum.

In a 2019 research carried out by Reuters, it was stated that “a successful real estate investment in Nigeria can earn returns as high as 30-35 percent, while rental income yields in large cities such as Lagos and Abuja can do not exceed 10 percent.”

So, every investment in Real Estate, especially in the Land Banking Investment Program exclusive to Zylus Group, is the right choice in the right direction.

Buying and owning real estate is an investment strategy that can be both satisfying and lucrative. Unlike stock and bond investors, prospective real estate owners can use leverage to buy a property by paying a portion of the total cost upfront, then paying off the balance, plus interest, over time.

While a traditional mortgage generally requires a 20% to 25% down payment, in some cases, a 5% down payment is all it takes to purchase an entire property. This ability to control the asset the moment papers are signed emboldens both real estate flippers and landlords, who can, in turn, take out second mortgages on their homes to make down payments on additional properties.

According to Real Estate expert, Andrew Beattie, several ways in which investors can make money on Real Estate, he said:

Buying and owning real estate is an investment strategy that can be both satisfying and lucrative. Unlike stock and bond investors, prospective real estate owners can use leverage to buy a property by paying a portion of the total cost upfront, then paying off the balance, plus interest, over time.

While a traditional mortgage generally requires a 20% to 25% down payment, in some cases, a 5% down payment is all it takes to purchase an entire property. This ability to control the asset the moment papers are signed emboldens both real estate flippers and landlords, who can, in turn, take out second mortgages on their homes to make down payments on additional properties.

Here are several ways in which investors can make money on real estate.

  • Aspiring real estate owners can buy a property using leverage, pay a portion of its total cost upfront, and pay off the balance over time.
  • One of the primary ways investors can make money in real estate is to become a rental property landlord.
  • People who are flippers, buying up undervalued real estate, fixing it up and selling, can also earn income.
  • Real estate investment groups are a more hands-off way to make money in real estate.
  • Real estate investment trusts (REITs) are dividend-paying stocks.

  In summary, there is no right time to invest in real estate. The best time to invest in Real Estate is NOW

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