Five points to notes before investing in real estate.

[Immilash]

I get the point you are trying to pass across. It is advisable to make sure you have a level of knowledge and understanding on any business you decide to go into. This is simply to avoid mistakes and also being cheated

that's true, when you have the full experience of a business you won't suffer much ,it helps you to handle it in a good way and make it great , experience helps ,you won't be cheated as you said earlier.

 

[tyrim88]

These are very good points to be aware of when investing in a property.If one is buying for resell then the property needs to be cheap and at least having minimal renovation work to carry out.Then the genuiness of the property,if possible the govt agency in charge of lands should be contacted.

 

[kayode10]

I think location is the most important thing when it comes to investing in real estate. There is no point in having property at a place where no one will rent it.

 

[Senator]

All these points are extremely viable points for one to note when going into any real estate business transaction. The profitability of any property is something you must not take for granted at all if you will ever become successful in this business

 

[Sextafeng23]

Thanks for this wonderful information. It's good to have knowledge and information before doing any serious investment such as real estate.

 

[Dagm1]

You must verify before investing in a real estate business, so that you know the appropriate owner of the firm since it is extremely important to verify before, and you must choose your market and invest carefully to become a successful real estate investor.

 

[Toyoabasi]

Real Estate no doubt is a very lucrative business that is making people so wealthy now. This business has it dos and don't s, so when investing in the business, you must consider these things before you invest.
1. Location of properties
This is important to be able to ascertain a property worth investing in that will later yield good amount.

2. The price of the property
Some properties are so overpriced if you want to buy them for investment purposes, whenever you see a property that is so expensive, you do not buy it.

3. The quality of the property
You have to confirm that what you are investing your money on is of good quality or else you run a chance of loosing that investment.

4. Verify the real owners of the property you want to invest in before you invest in it
This point is very important because there are times when people buys properties, they discovered that the person that sold it to them is not actually the owner of the property so therefore the transaction is null and void.

5. The profitability of the investment
While investing in real estate, you must be able to know a property that is capable of being very profitable.

Very important listed points.
If you don't check these out, you would be running a loss in no long time.
Check where it is located, is it a place with developmental potential? Check the quality of the property, and get to know the original owners of that property.

 

[YERUS]

Real Estate no doubt is a very lucrative business that is making people so wealthy now. This business has it dos and don't s, so when investing in the business, you must consider these things before you invest.
1. Location of properties
This is important to be able to ascertain a property worth investing in that will later yield good amount.

2. The price of the property
Some properties are so overpriced if you want to buy them for investment purposes, whenever you see a property that is so expensive, you do not buy it.

3. The quality of the property
You have to confirm that what you are investing your money on is of good quality or else you run a chance of loosing that investment.

4. Verify the real owners of the property you want to invest in before you invest in it
This point is very important because there are times when people buys properties, they discovered that the person that sold it to them is not actually the owner of the property so therefore the transaction is null and void.

5. The profitability of the investment
While investing in real estate, you must be able to know a property that is capable of being very profitable.

Before venturing into real estate business, you have to know if it is profitable or not.
You have to know if the properties you acquire are of good quality.
also consider the environment where your properties are located.

 

[eLdavis]

I think location is the most important thing when it comes to investing in real estate. There is no point in having property at a place where no one will rent it.

True, location plays an important role when it comes to selecting a property to buy or invest on. From your point of view, what would you consider or rather what are the qualities for a good location?

 

[kayode10]

True, location plays an important role when it comes to selecting a property to buy or invest on. From your point of view, what would you consider or rather what are the qualities for a good location?

There should always be a good commercial activities in that area. People will always migrate to a place where there is a commercial activities going on. There will be a need for place of residence and shopping mall.

 

[eLdavis]

There should always be a good commercial activities in that area. People will always migrate to a place where there is a commercial activities going on. There will be a need for place of residence and shopping mall.

Okay I get your point. Is it wise to invest in a lonely location that has not been developed with the hopes that in a few years time, development would come into that location so you can sell the land at a higher price?

 

[kayode10]

Okay I get your point. Is it wise to invest in a lonely location that has not been developed with the hopes that in a few years time, development would come into that location so you can sell the land at a higher price?

This is another ways of making money with real estate investment. But you must have a great patient if you want to engage in this because prophet don't usually comes quickly. But when the profot comes it comes bigger.

 

[eLdavis]

This is another ways of making money with real estate investment. But you must have a great patient if you want to engage in this because prophet don't usually comes quickly. But when the profot comes it comes bigger.

You are right though, I know of someone who had to wait for over five years after buying a land. He brought it for 120, 000 in naira then later sold it for more than a million naira, that's more than five time the price he brought it right?

 

[Immilash1]

You have stated everything clear. Investing on real estate is a lucrative business. But most importantly you must have a good connection with your buyers.

 

[Mayox25]

All that you have enumerated are very good points to note when starting out or investing in real estate. Location is of utmost importance, structural integrity of the building is key, value of the building is to be considered.

 

[Laurentta]

These are very important points to note when investing in real estate. A proper background check should be carried out on the property before investing in it.

 

[Ub40]

Even though I am not investing in real estate at the moment, but I must commend you for taking your time to make such a long and useful post above. I also agree with you that real estate is a very lucrative venture worth considering. But one must be sure to get all the necessary training or learning on how it works before going into it. Thanks for sharing.

 

[greenie]

All the points you noted here can never be over emphasised when one wants to invest in the real estate sector. You need to always do a background check on any properties you want to buy as an investor so as not to fall victim of any scam related cases. Another important one is have a good negotiation skill to always make profit in the business.

 

[Kaffyfolla]

When investing in real estate, the goal is to put your money to work today so you have more money in the future. The profit, or return, you make on your investments must be enough to cover the risk you take and the taxes you pay. There are other costs of owning real estate, such as utilities, maintenance, and insurance

 

[Sotherefore]

If we are interested to invest in a good location then obviously we should expect the price to be somehow very high. Bad location are likely to attract lower price. Investment generally in real estate will require a lot of money for a reasonable investment.