Geben Consult Ltd

Advantages And Disadvantages Of Real Estate Investing

Advantages And Disadvantages Of Real Estate Investing

Advantages And Disadvantages Of Real Estate Investing

Real estate investing is an investment strategy where an investor purchases property in order to earn a profit. In most cases, the investor will either rent out the property, or improve on it in order to resell it at a higher cost than it was purchase for. Real estate investing can be riskier than other investments since property cannot usually be sold quickly.

Advantages

Income Stream

If the property is easily convertible to rental units, the owner of the property can earn a steady income stream in the form of rent. Depending on the geographical location the property is located in, the earnings can be quite significant. For example, urban city centers or towns with colleges and universities tend to offer the highest income streams because the demand for rental units is always high.

Security

Owning property can offer the investor a sense of security because the value does not tend to fluctuate as much as other assets such as stocks and bonds. However, this does not mean that the investor will always break even or earn a profit on their investment. Although housing prices do not tend to fluctuate in the short term, they may increase or decrease in value in the longer term. Therefore, it is important for the investor to thoroughly research the area before making a purchase.

Self Occupation

Another reason why many investors are attracted to investing in real estate is because the property can be utilized by the investor. They can either live on the property while they fix it up, or they can be a live-in landlord and earn an income stream at the same time by renting out the other rooms.

Tax Shelter

Since tax laws on income properties vary depending on your jurisdiction, you should always be sure to thoroughly research it beforehand. However, it is very common for taxes on any gains to be deferred until you sell the property. For example, if a house appreciates in value from $250,000 to $300,000, the investor will not be required to pay the taxes on the extra $50,000 until the property is sold.
A model of a home sitting on top of money.

Disadvantages

Legal Difficulties

Investing in real estate has the potential of being very confusing because it requires that you are fully aware of the laws in each jurisdiction that you own property. Some jurisdictions may even enforce land ceilings which can make the investment risky. The legal difficulties can become much more complex if the investor is investing in commercial real estate.

Maintenance Cost

The cost of maintaining the property can cause the investor to lose money on the investment. In larger cities, property taxes can be so high that it will be very difficult to resell the house at a higher value.
If the owner of the property is renting out the units, maintenance costs can take large chunks out of the income stream. If the owner does not personally know the tenants before renting out the units, they run into the risk of renting the space out to someone who will not take care of the unit, causing the owner to put large sums of money into repairs. Furthermore, other costs such as electricity and heating will also add up.

Property Taxes

Before investing in real estate, the investor should always factor property taxes into their valuation of the property. In larger urban cities, property taxes can be significant and may cause the investor to lose a big chunk of their profit. Property taxes will vary depending on which city or state the property is purchased in. Therefore, the investor should always consult with city officials before investing in property.

Now selling: Prestigious Third Mainland Courts

THIRD MAINLAND COURTS is one of EUCHOMES LTD premium estate, situated in the heart of the most luxurious area of oworonshoki shore line viewing the  magnificent third mainland bridge, With a masterpiece thrilling features that encompasses residential, commercial, and recreational space, Third mainland courts is covered with a genuine supreme Court judgement title document, a deed of assignment signed by the paramount ruler of the land, with close boundaries to banana Island, the proposed mega city initiative by the Lagos state government recreation and leisure parks, package with world class entertainment and five star hotels.

Third mainland courts is a horizon for investment, it is currently selling for 20 million (400sqm), 30 million(600sqm), 40 million(800sqm) and 50 million (1000sqm) with a high level of return on investment, peace and serenity, accompanied by the free flow of traffic with the construction of the fourth lay-bys and oworo Highway project.

PROPOSED INFRASTRUCTURE

Our infrastructure meets the standard of modern technology with state of the art architectural design of:

  • A modern gate house
  • Automated gate
  • Solar electricity and sensor remote doors
  • Good paved interlocking road network
  • Underground sewage system
  • External perimeter fence
  • Street lights
  • CCTV surveillance cameras
  • Fibre optics
  • Shopping centres
  • Recreational parks
  • 24 hour armed security and a jetty for alternate and faster transportation to Victoria Island, banana Island, Ikoyi and other highbrow Island locations.

PROPOSED SERVICES

  • 24 hour backup electricity
  • Portable water supply

BENEFITS

  • Reclamation of the property
  • 500% return of investment(ROI)
  • Organised architectural layout that supports residential, commercial, educational and recreational project
  • Jetty
  • Free from Omo Onile

NEIGHBORHOOD /LOCATION ADVANTAGE

Third mainland courts is located at Oworonshoki Community oworo town, with a fantastic infrastructure and attractive investment in the most luxurious area of Oworonshoki, the project has close proximity to

  • Banana Island
  • Ikoyi
  • Victoria Island
  • Proposed mega city initiative by the Lagos state government
  • The third mainland bridge. etc.

PLOT SIZES

Third Mainland courts plot sizes are measuring from:

  • 400sqm per plot
  • 600 sqm per plot
  • 800sqm per plot
  • 1000 sqm per plot

PAYMENT PLAN FOR 400SQM

Outright payment plan: 20 million

5months payment plan
4 million monthly

10months payment plan
2million monthly

18months payment plan (27m)
1.5million monthly

24 months payment plan (30m)
1.250million monthly

30months payment plan (33m)
1.1million monthly

DEVELOPMENT LEVY 

4 million

TRANSFER OF TITLE FEE

2 million

INFRASTRUCTURE AND SERVICES CHARGE 

To be determined later

PAYMENT PLAN FOR 600SQM

Outright payment: 30 million

5 months payment plan
6 million monthly

10 months payment plan
3 million monthly

18 months payment plan (36m)
2 million monthly

24 months payment plan (40.8m)
2.7 million monthly

30 months payment plan (45m)
1.5 million monthly

DEVELOPMENT LEVY 

4 million

TRANSFER OF TITLE FEE

2 million

INFRASTRUCTURE AND SERVICES CHARGE 

To be determined later

PAYMENT BROCHURE FOR 800SQM

Outright payment plan: 40 million

5 months payment plan
8 million monthly

10 months payment plan
4million monthly

18months payment plan (45m)
2.5million monthly

24months payment plan (48m)
2million monthly

30months payment plan (54m)
1.8million monthly

DEVELOPMENT LEVY 

5 million

TRANSFER OF TITLE FEE 

3 million

INFRASTRUCTURE AND SERVICE CHARGES 

To be determined later

PAYMENT PLAN FOR 1000SQM

Outright payment plan: 50million

5months payment plan
10million monthly

10months payment plan
5million monthly

18months payment plan (54m)
3million monthly

24months payment plan (60m)
2.5million monthly

30months payment plan (69m)
2.3million monthly

DEVELOPMENT LEVY 

5 million

TRANSFER OF TITLE FEE 

3 million

INFRASTRUCTURE AND SERVICE CHARGES 

To be determined later

Contact Details

 Office Address: Suite E – 124/127, Road 2, Ikota Shopping Complex, V.G.C  Lekki- Ajah, Lagos
Nigeria

 sales@euchomes.com

 +234 817 194 7272, 0812 453 4229

 Our Office opening hours

  • Mondays: Fridays  9.00am – 6.00pm
  • Saturdays: 10.00am – 4.00pm
  • Sundays: 1.00pm (Inspections Only)

EUCHOMES LTD, MAKING YOUR DREAM HOME COME TRUE!!!

Great Opportunity to own a home at Sunnyland Courts Ibeju Lekki

SUNNYLAND COURTS is our premium property located at Ibeju Lekki along the free trade zone area off the coastal road, in Osoroko town. The estate is covered with genuine title document (Global C of O) and has close proximity to Dangote Refinery and Gas Plant.

With 600 square meter per plot, the property is an explicit investment well-conditioned for development due to its advantageous location, unrivaled infrastructure and landscaping coming with the project. It is also covered with state of the art architectural layout and infrastructure that caters to commercial, residential, educational, recreational and industrial establishments.

1 Plot: 5 million Naira
Half Plot: 2.6 million Naira

PROPOSED INFRASTRUCTURE

  • Good road network
  • Good drainage system
  • External perimeter fence
  • Gate house
  • Swimming pool
  • Street lights
  • Security
  • Landscape and horticulture

SERVICES PROPOSED

  • 24 hour back up electricity
  • Potable water supply

BENEFITS

  • Less than five minutes drive from the Dangote refinery and petrochemical gas plant
  • Close to uptown courts
  • Land appreciation rate of over 50% per year
  • Organised layout that supports residential, commercial, educational, recreational and industrial establishment etc.
  • Free from Omo Onile

NEIGHBORHOOD /LOCATION ADVANTAGE

Sunnyland courts is graced with beautiful infrastructure and attractive investment in the development hub of Ibeju Lekki; it has close proximity to notable locations such as:

  • Dangote refinery
  • Lekki deep seaport
  • Lekki free trade zone
  • Dana milk industry
  • Power oil Industry

PAYMENT BROCHURE /PLAN

  • Outright purchase is N5 Million
  • Half plot is N2.6 Million

Three (3) Month payment plan

  • Initial deposit N1.6 Million
  • Monthly payment N1.1 Million
  • Spread for 2 Months

Six (6)Month payment plan

  • Initial deposit N2 Million
  • Monthly payment N400,000
  • Spread for 5 Months

Contact Details

 Office Address: Suite E – 124/127, Road 2, Ikota Shopping Complex, V.G.C  Lekki- Ajah, Lagos
Nigeria

 sales@euchomes.com

 +234 817 194 7272, 0812 453 4229

 Our Office opening hours

  • Mondays: Fridays  9.00am – 6.00pm
  • Saturdays: 10.00am – 4.00pm
  • Sundays: 1.00pm (Inspections Only)

Now Selling Cherrywood Courts Plus Estate

We all need a serene and beautiful waterfront environment, a comfortable place to live and enjoy the comfortably. You can now have it with our exquisite estate – Cherrywood Court Plus.

CHERRYWOOD COURTS PLUS is one of our fastest selling estates along Lekki free trade zone and one mile from Dangote refinery. The Estate is covered with a Global C of O and is located in Osoroko Town along the Lekki Free Trade zone road in Ibeju Lekki. We have only 12 1000sqm plots each available valued at N7million per plot and N3.6 million for half a plot and guarantees good return on investment.

1 Plot: 7 million Naira
Half Plot: 3.6 million Naira

Estate Photos

PROPOSED INFRASTRUCTURE

The proposed infrastructure for Cherrywood Court Plus includes the following:

  • Good Road Network
  • Good Drainage System
  • External Perimeter Fence
  • Gate House
  • Swimming Pool
  • Street Lights
  • Security
  • Landscape and Horticulture

PROPOSED SERVICES

  • 24-hour Backup Electricity
  • Portable Water Supply

BENEFITS

  • Less than five minutes drive from the Dangote Refinery, Petrochemical Gas
  • Plant, La Campagne Tropicana, Lekki free trade zone and deep seaport.
  • Land appreciation rate of over 200% per year
  • Organised layout that supports residential, commercial, educational, recreational and industrial establishment etc.
  • Free from Omo Onile

NEIGHBORHOOD/LOCATION ADVANTAGE

Cherrywood Court Plus is graced with fantastic infrastructure and it has close proximity to the likes of:

  • Dangote Refinery
  • Lekki Deep Seaport
  • Lekki Free Trade Zone
  • Dana Milk Industry
  • Power Oil Industry

Contact Details

 Office Address: Suite E – 124/127, Road 2, Ikota Shopping Complex, V.G.C  Lekki- Ajah, Lagos
Nigeria

 sales@euchomes.com

 +234 817 194 7272, 0812 453 4229

 Our Office opening hours

  • Mondays: Fridays  9.00am – 6.00pm
  • Saturdays: 10.00am – 4.00pm
  • Sundays: 1.00pm (Inspections Only)

Make The Right Decision, Invest in Fidelity Estate Enugu.

 

WHY ENUGU STATE
Enugu state is fast becoming the preferred destination for property investment. The value of property in the state is rising at an alarming rate.  A plot of land in independence layout  as at the year  2000 was sold between N700,000 to N1,000,000 today in 2013, the same plot of land is sold for a between  N10,000,000 and N20,000,000.

GRA as at year 2000, a plot was sold between 350,000 and N700, 000,000. Today the same plot ranges from N9, 000,000 to N22, 000,000.
The value of property keeps increasing, and these are some of the reasons influencing the price increase.
Security: Enugu state is one of the states in Nigeria with the lowest crime rate, making it one of the safest states in Nigeria. The residents are law abiding and hospitable.
Cleanliness:  Environmental sanitation is a major priority of the state government and residents of the state. Both government and individuals work together to ensure that the environment is hygienic and conducive for the residents.
Population and Traffic: Enugu state is one of the states with the lowest level of motor traffic in Nigeria.the occupants of the state are made up of mainly civil servants, business owners and politicians, with civil servants dominating.
The proper town planning and road map makes it easy to navigate through the city, providing multiple shortcuts to every destination.

FUTURE PROSPECTS: the major reason why people have decided to invest massively in property in Enugu state, is because of the future projection and prospects of the state. Enugu state is not so much of a commercial state like the other neighboring eastern states (Anambra, Abia etc).
Most people prefer to reside in Enugu state with their families while shuttling to the commercial states for their business.
As the airport in Enugu is being upgraded to an international airport, one can see that commercial activities in the state will soon increase, as many travelers and organizations will head down east.
With the new seaport in Onitsha Anambra state, the commercial activities in the east will receive a major boost.  Most businesses that operate in other states because of the port proximity will begin to head down east to use the alternative seaport.
Crude Oil has recently been discovered in Enugu and Anambra state, Orient petroleum has set up a refinery in Anambra state, and will extend its operation to Enugu shortly.
With all the above reasons, one can see that eastern Nigeria will become the next “hot spot “in Nigeria. Those who have seen the future, have began to invest massively in property in Enugu state.

Five Reasons Why You Still Need A Real Estate Agent

Five Reasons Why You Still Need A Real Estate Agent

The proliferation of services that help homebuyers and sellers complete their own real estate transactions is relatively recent, and it may have you wondering whether using a real estate agent is becoming a relic of a bygone era. While doing the work yourself can save you the significant commission rates many real estate agents command, for many, flying solo may not be the way to go–and could end up being more costly than a realtor’s commission in the long run. Buying or selling a home is a major financial (and emotional) undertaking. Find out why you shouldn’t discard the notion of hiring an agent just yet.

1. Better Access/More Convenience

A real estate agent’s full-time job is to act as a liaison between buyers and sellers. This means that he or she will have easy access to all other properties listed by other agents. Both the buyer’s and seller’s agent work full time as real estate agents and they know what needs to be done to get a deal together. For example, if you are looking to buy a home, a real estate agent will track down homes that meet your criteria, get in touch with sellers’ agents and make appointments for you to view the homes. If you are buying on your own, you will have to play this telephone tag yourself. This may be especially difficult if you’re shopping for homes that are for sale by owner.

Similarly, if you are looking to sell your home yourself, you will have to solicit calls from interested parties, answer questions and make appointments. Keep in mind that potential buyers are likely to move on if you tend to be busy or don’t respond quickly enough. Alternatively, you may find yourself making an appointment and rushing home, only to find that no one shows up.

2. Negotiating Is Tricky Business

Many people don’t like the idea of doing a real estate deal through an agent and feel that direct negotiation between buyers and sellers is more transparent and allows the parties to better look after their own best interests. This is probably true–assuming that both the buyer and seller in a given transaction are reasonable people who are able to get along. Unfortunately, this isn’t always an easy relationship.

What if you, as a buyer, like a home but despise its wood-paneled walls, shag carpet and lurid orange kitchen? If you are working with an agent, you can express your contempt for the current owner’s decorating skills and rant about how much it’ll cost you to upgrade the home without insulting the owner. For all you know, the owner’s late mother may have lovingly chosen the décor. Your real estate agent can convey your concerns to the sellers’ agent. Acting as a messenger, the agent may be in a better position to negotiate a discount without ruffling the homeowner’s feathers.

A real estate agent can also play the “bad guy” in a transaction, preventing the bad blood between a buyer and seller that can kill a deal. Keep in mind that a seller can reject a potential buyer’s offer for any reason–including just because they hate his or her guts. An agent can help by speaking for you in tough transactions and smoothing things over to keep them from getting too personal. This can put you in a better position to get the house you want. The same is true for the seller, who can benefit from a hard-nosed real estate agent who will represent their interests without turning off potential buyers who want to niggle about the price.

3. Contracts Can Be Hard To Handle

If you decide to buy or sell a home, the offer to purchase contract is there to protect you and ensure that you are able to back out of the deal if certain conditions aren’t met. For example, if you plan to buy a home with a mortgage but you fail to make financing one of the conditions of the sale–and you aren’t approved for the mortgage–you can lose your deposit on the home and could even be sued by the seller for failing to fulfill your end of the contract.

An experienced real estate agent deals with the same contracts and conditions on a regular basis, and is familiar with which conditions should be used, when they can safely be removed and how to use the contract to protect you, whether you’re buying or selling your home.

4. Real Estate Agents Can’t Lie

Well, OK, actually they can. But because they are licensed professionals there are more repercussions if they do than for a private buyer or seller. If you are working with a licensed real estate agent under an agency agreement, (i.e., a conventional, full-service commission agreement in which the agent agrees to represent you), your agent will be bound by common law (in most states) to a fiduciary relationship. In other words, the agent is bound by license law to act in their clients’ best interest (not his or her own).

In addition, most realtors rely on referrals and repeat business to build the kind of clientèle base they’ll need to survive in the business. This means that doing what’s best for their clients should be as important to them as any individual sale.

Finally, if you do find that your agent has gotten away with lying to you, you will have more avenues for recourse, such as through your agent’s broker, professional association (such as the National Association Of Realtors) or possibly even in court if you can prove that your agent has failed to uphold his fiduciary duties.

When a buyer and seller work together directly, they can (and should) seek legal counsel, but because each is expected to act in his or her best interest, there isn’t much you can do if you find out later that you’ve been duped about multiple offers or the home’s condition. And having a lawyer on retainer any time you want to talk about potentially buying or selling a house could cost far more than an agent’s commissions by the time the transaction is complete.

5. Not Everyone Can Save Money

Many people eschew using a real estate agent to save money, but keep in mind that it is unlikely that both the buyer and seller will reap the benefits of not having to pay commissions. For example, if you are selling your home on your own, you will price it based on the sale prices of other comparable properties in your area. Many of these properties will be sold with the help of an agent. This means that the seller gets the keep the percentage of the home’s sale price that might otherwise be paid to the real estate agent.

However, buyers who are looking to purchase a home sold by owners may also believe they can save some money on the home by not having an agent involved. They might even expect it and make an offer accordingly. However, unless buyer and seller agree to split the savings, they can’t both save the commission.

https://www.forbes.com/2010/05/25/why-you-need-real-estate-agent-personal-finance-commission.html

To Let: Office Space| Ahmed Onibudo Street, Victoria Island, Victoria Island

Images for Ahmed Onibudo Street, To Let, Victoria Island

Property Description

This edifice is Located in the Central Business District of Lagos. The location enjoys great visibility, as it’s located on a major accessible road. It is one of the best locations in Nigeria to site an organization, surrounded by banks, hotel, multinational and local conglomerates. Its beautiful aesthetic design gives rise to a beautiful ambiance in strategic location. The total floor area of the building is measured at 4,297m 2 to provide flexible accommodation for occupiers. Service Charge: N28,262.29 inculsive of power Price: N110,000 Per sqm (Asking)

Contact: Business Relationship Manager
Veno Utoro
Branch: Victoria Island
Tel: +234 1 2714965
Mobile: +234 9090408634
Email: veno@kingscourtrealtors.com
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