When an area is
centrally located with road network or accessibly, such a location is bound to
attract patronage and investment..
If you notice an
undeveloped area but very close to a major or high brow neighborhood, it is a
matter of time before the undeveloped area will acquire high value.
Watch
out for an area of a city that is witnessing tremendous growth in the number of
people or companies moving into that area: such as we are witnessing in the Lagos/Ibadan
axis. If this same area lacks enough residential accommodation for those moving
there, and given that the trend may continue as large organizations are
attracted to these area-opening new offices.
The
trend will continue as more people are attracted to the area looking for job
and accommodation. A good investor seeing that this is a permanent feature will
key in by investing in real estate for good profit. Buying a property in this
area will be a smart move.
Some
of the additional benefits of investments in Real Estate are as follows;
- It generates regular income for investors.
- It creates wealth for investors and property owners, as capital value appreciates with time.
- It provides a shield and security against mortgage and capital loans.
- It help solves the financial requirements of distressed sellers.
