As an investor, what truly is the best for you? It is what offers the most value and security on your investment. No matter how nice a proposition sounds, if the safety of your funds cannot be guaranteed or there seems to be red flags in the line of the transaction, you MUST NOT proceed with dealing with such person or company!

Questions you need to answer as an investor before you invest

• How much money do I have to invest in real estate property? The question of budget is very key and it is the bedrock for every other process.

• What is the purpose for this investment? Am I considering a long-term investment or a property I can consider cashing out on within a few years. Purpose must be clearly defined.
• How ready and willing am I to commit to owning a commercial or rental property and all necessities which include financing, maintenance, finding/keeping tenants amongst others.
• Would I rather prefer a joint venture investment that collaborates with other investors to buy bigger real estate properties?
• Am I trying to diversify my investment portfolio, or is this my first investment?

Answering the above questions will help you to decide what type of real estate investment is ideal for you as an investor.

Points to note before you acquire a property

–  First, ensure you buy your property in areas that are rapidly developing if you want to sell within a couple of years because some areas tend to develop faster than others.

– It is also necessary to conduct your due diligence on the property before making payment, after payment has been made, be sure to obtain all the documents for the transaction that shows you are buying from a legitimate source. Part of the documents you should obtain include a contract of sales, Deed of Assignment, Survey plan and copies of Title document.

Real estate property investment can be a great way for you to make monthly cash flow, earn great returns through value appreciation, and set yourself up to meet future financial goals but all these are only achievable if your investment process is meticulously planned.

You don’t necessarily need to be a property expert to invest in real estate, provided you have the willingness and capital to start, you can begin to leverage on your investment and enjoy the great returns real estate offers.

You can contact us to help you make the best choices and walk you through every step as you go through your journey of land and home ownership. We provide you with the best real estate consultancy services.

For more enquiry:

info@verazadvocates.com.ng

Call/WhatsApp +234 9054440156