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5 REASONS INVESTING IN REAL ESTATE IS BETTER THAN SAVING IN A BANK

Some feel that saving money in the bank is a good strategy to building wealth. Though, it is very good to save, it is not a good wealth building strategy. The gains of real estate investment far outweigh that of saving in the bank for the following reasons: 1. Currency always diminish in value while real estate appreciates: 2. Return on savings is infinitesimal while returns on real estate investments are huge 3. Your money in the bank simply makes the banker richer while your money in real estate makes you richer: 4. Expenses always arise to deplete your savings but your property is always there appreciating in value 5. None of the rich ascribe their success in gathering wealth to saving but most of them have impressive property portfolios (more than 90% of them) Now you know, It's time to act At the time of writing, Joy Gundu, is a Real Estate Broker and CEO at Castle Homesng in Abuja, Nigeria.

HOW TO INVEST IN THE ABUJA REAL ESTATE

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“The land is green”!  Presently, you may wonder how you can invest in the property market with what you earn at the moment. This article is written for two broad classes of people: (a) Those who have the money to invest but don’t know how and (b) Those who don’t have the money to invest and don’t know how.  Purchase and sell an undervalued property The property market is very interesting.  It as a game and nothing more. The property market is filled with individuals who want to dispose off their properties in a jiffy. Some of them want to dispose because of various reasons and at lower prices because of the emergency involved. In other instances, people want to sell land, or landed properties, at a lower price because they bought it at a much lower price etc. For example, a client needed a Jahi plot recently and he was willing to offer 16million naira but could not get the required land size. This same parcel of land could have been purchased for 9 million in 2009. Y...

5 QUESTIONS TO ASK BEFORE BUYING A LAND IN ABUJA

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There are lots of reasons to buy a Land in Abuja whether its to build your own house, use the property as a long-term investment or for commercial reasons, Several questions need to be asked in order to choose the best land for the particular purpose. Before an offer is made, these are some of the questions to be asked: 1.  Where is the Land located?: Location is one of the oldest real estate adage and also the most basic concern in land purchasing. No matter what property you are purchasing or why you are buying it, nothing is more important than location 2.Are the roads tarred? Accessibility to the Land adds value to the property especially if the road is tarred, this makes it more attractive and sellable. Buyers know they have to pay more for a Land situated on a tarred road. 3.Is it buildable and liveable? It is important to determine if the land you are considering can be used as you envision. The laws about what can and cannot be built on a piece of land...

3 WAYS TO MARKET YOUR REAL ESTATE PROPERTIES IN ABUJA.

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    Real Estate marketing can lead to a large number of sales when done right. Marketing in real estate has to be done on a continual basis. A real estate agent close sales when marketing is effectively done. These are the top 3 ways to market your real estate properties. WEBSITE: Websites are a perfect place to showcase your listings to all potential clients. Sometimes your identified clients are not local or easily marketed to with traditional methods. Each property should have a website with its own dedicated property-specific Web domain or address, such as www.123MainStreet.com. The goal is to make it easy for both buyers and agents to locate. Some clients have even come to expect all legitimate businesses to have an online presence. 2.  EMAIL MARKETING:  Communication via email marketing is still the best way to stay in touch with past clients and generate valuable leads. Most people check their email accounts everyday and will forward any relevant em...

FREQUENTLY ASKED QUESTIONS ABOUT REAL ESTATE

As a real estate Broker, I get asked several questions from clients wanting to invest.I am going to go through some of the frequently asked questions ( FAQs) in real estate with you. Is now a good time to buy or sell? When it comes to real estate investing, the reality is no one has a crystal ball. We only know what the right time was to buy or sell by looking at history, hindsight being 20/20. The answer to this question is “Yes” all you have to do is find a house or property you love that make sense, that you would own for a long time, it’s in a good location and in a decent shape, lock in a long-term mortgage and sleep well/ How is the housing market now in my area? In Abuja, there is a huge demand for affordable housing opportunities. In defiance of global economic changes or meltdown, the property market in Abuja continually witnesses a sharp increase in prices.  For example, houses that are being sold for 100 million naira in Maitama or Asokoro districts this yea...