Every now and then, individuals trying to make up their minds where to put their money ask me if, relative to other business opportunities around, real estate companies are more or less successful. Click www.realestatesdirectory.net/real-estate-investments-tips-and-tricks-for-success.html.
My answer is always that investing in real estate always confers long-term benefits, apart from its ability to yield substantial income.
Below, I’m mentioning five such benefits:
- (To increase the value of real estate, you can refurbish
After you buy a stock, you keep it and hopefully sell it for a profit for a period of time. The performance of the inventory depends on company management and their organisational performance, which is beyond your control.
Unlike other traditional investment tools, such as bonds, whose rate of return depends on third parties (e.g. company management), you are directly in charge of real estate investments.
Although you would not be able to monitor changes that may arise in demographic and economic aspects or changes caused by nature, there are several other aspects that you can control in order to maximise the return on your investment in it.
Examples include aspects related to adding repairs to the physical property and tenants that you allow to reside in it or improvements/enhancements.
The value of your investment will rise if you do it right, resulting in increased wealth for you.
- Real estate investing has known to be successful even during a recession (like the one we are in right now when done right.
It has been used on many occasions, from financial losses, to effect a bail out, such as those that many have encountered during today’s economic downturn in Nigeria.
A large number of clients have confided in me that they are not aware of lucrative channels for investing their money because of the current economic situation. Any of these are achieved with bonds and treasury bills, but a fresh investment is in desperate need.
We had extensive discussions and, based on my experience as a real estate consultant, I suggested investing in landed property as the most appropriate and stable alternative investment channel.