3 Critical Factors to Consider Before Buying an Investment Property in Lagos | Real Estate with Sally | 2023
It is not surprising that people, everyday, buy into properties that leave them regretting. In buying properties, one should be totally unapologetic and unregretful because it is a happy thing to start with, which in most cases deserves celebration. So why do people still have lots of regrets after buying Real Estate?
It’s been years, and we have been listening, learning and witnessing the mistakes people make while investing, but the good news is that; we have studied successful investors and will be glad to share with you what they did, when they did, where they did and how they did it. It is a battle of What (property), When (to buy into it), Where (to buy into) and of course Real Estate with Sally will show you How to do it. We have been able to spot the mistakes that most investors do which leaves them crying or begging for people who can buy into their properties, most of these mistakes are linked to the wrong property location.
In real estate, 3 key factors influence the value of properties in every location and the viability of every location is niched on these 3 key factors.
The first one is:
Every product, every service is centered towards serving people, likewise real estate. So, whenever you are buying a property, you need to thoroughly analyze who you are planning to serve. Who are the people to rent or buy? If that is fully dealt with, then the next thing you consider is:
The place is very important because you don’t want to buy a property and start running around looking for who to buy into your properties. What drives people into buying certain properties in certain locations is the purpose of which that property is serving. And that is what we will talk about in our next step.
The purpose is what drives people to a particular location, we could take for instance the place where we have the current seaport. If you look at the prices of properties around this location you will realize that it is always high, that is because that location serves a purpose. It services businesses with her close proximity to giants and mega enterprises and industries who also have needs for these Real Estate properties.
The most successful real estate buyers or investors are people who know how to buy the right properties in the right locations, that’s just it. It is not about how much money that you have or wish to use for investment and also not about how many properties that you have in different locations. It is about where these properties are located and that is where the true Value of the property relies on.
The essence of this publication is to offer a guide on the right steps to take on our Journey of Real Estate investing. It is to show you the right locations to buy properties right now that will earn you massive Returns On Investment (ROI), because buying properties in a wrong location is as bad as farming potatoes on mount Everest. The results will not be something you’d wished for. Such investments are a waste of time and resources and can lead to unimaginable stress and mental disposition.
Buying from a good location is as good as buying the property itself, so if you are planning to buy a property then you will need to see these 3 best locations for Real Estate Investing in 2023. All you need to do is click the link Below