Investments can be a fresh development (i.e.
virgin land). This type of property investment has been found to command the
lowest capital outlay and most times the highest capital appreciation: or
purchasing already existing property, which can be enhanced to command current
rent and capital value. It could also be to fill a prospective emerging demand.
The investor who does not wish to be involved in the stress of physical
building, development and management can invest by buying a completed property
although at a high value.
Steps
to take before making that real estate investment;
- Study and evaluate the value of the property, its location, neighborhood, use, encumbrances, physical state and any incidental cost pursuant to its acquisition.
- Carry out a feasibility study, viability, encumbrances and any cost incidental to its acquisition.
- A very important step to consider is the engagement of consultants. Real Estate professional advisors are required almost at every stage for sound advice.
- All interests, titles, ownership, registration and documentation must be easily verifiable.
FIRSTNIGERIAREALESTATE.COM
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