6 critical steps to achieving affordable housing in Nigeria.


Affordable housing is a major challenge for many Nigerians. The high cost of housing in the country has made it difficult for many people to own their own homes. It’s no longer news that Nigeria has an acute housing deficit estimated to be in the region of 22 million, which would require about N6trillion to fix. To properly tackle the accommodation shortage, the nation will need to build one million housing units per annum in the next 20 years in other to bridge the deficit.

Currently, the nation (both government and private sector) can only produce 75,000 housing units annually, which experts said was a far cry from what is needed to solve acute accommodation shortages among the growing Nigerian population.

However, there are ways to achieve affordable housing in Nigeria. In this post, I will explore some of the solutions that can help Nigerians achieve affordable housing.

1. Government Intervention: One of the most effective ways to achieve affordable housing in Nigeria is through government intervention. The government can provide subsidies or tax breaks to developers who build affordable housing units. The government can also implement policies that encourage the development of affordable housing, such as reducing the cost of land and providing infrastructure like roads, water, and electricity. Providing this basic infrastructures is very fundamental to creating affordable housing. This is because it makes for cost reduction on the developer, while serving as a great motivator for home seekers.
Many times, investors look out for this basic amenities before choosing a destination for their investment, and so having in it place will greatly enhance home ownership for Nigerians.

2. Microfinance: Microfinance institutions can provide soft loans to individuals and groups who want to build their own homes. These loans can be used to purchase land, build houses, or renovate existing homes. Microfinance institutions can also provide financial education and training to help individuals manage their finances better. This is neccessary since funding is cardinal for both property developers and buyers.

3. Cooperative Housing: Cooperative housing is a form of housing where a group of individuals come together to build and own their own homes. This can be a cost-effective way to achieve affordable housing as the cost of land and building materials can be shared among the members of the cooperative. Cooperative housing also provides a sense of community and social support.

4. Use of Local Building Materials: The use of local building materials can significantly reduce the cost of building a house. For example, using locally sourced bricks, stones, and timber can be cheaper than importing these materials from other countries. This can help to reduce the cost of building houses and make them more affordable for Nigerians. This is very important since affordability is key to home ownership in Nigeria. There is therefore urgent needs for the public sector in Nigeria to pay attention to developing locally made building materials for housing projects as against the current trend of high dependent on foreign or imported building materials.

5. Public-Private Partnerships: Public-Private Partnerships (PPP) can be used to develop affordable housing in Nigeria. This involves collaboration between the government and private developers to build affordable housing units. The government can provide land and infrastructure while private developers can provide the expertise and financing to build the houses.



6. Mortgages:
A mortgage is a loan that is used to purchase a home or property, and the borrower pays back the loan over a set period of time. Mortgages can be a great way to help Nigerians achieve their dream of owning a home. However, mortage options is very low in Nigeria due to both the issue of inavialability from the government, and high interest rate from private sector. Government can therefore support the citizens by providing mortgage options to finance housing.

In conclusion, achieving affordable housing in Nigeria requires a combination of government intervention, microfinance, cooperative housing, use of local building materials, and public-private partnerships. These solutions can help to reduce the cost of building houses and make them more affordable for Nigerians.


Bright PETERSIDE is a Lagos Real Estate Broker & Investment Expert based in Lagos, Nigeria.
Email: petersidebright25@gmail.com
www.brightsideconsultingltd.com

6 critical steps to achieving affordable housing in Nigeria.
By
Bright PETERSIDE.
(Lagos Real Estate Broker & Investment Expert)

Affordable housing is a major challenge for many Nigerians. The high cost of housing in the country has made it difficult for many people to own their own homes. It’s no longer news that Nigeria has an acute housing deficit estimated to be in the region of 22 million, which would require about N6trillion to fix. To properly tackle the accommodation shortage, the nation will need to build one million housing units per annum in the next 20 years in other to bridge the deficit.

Currently, the nation (both government and private sector) can only produce 75,000 housing units annually, which experts said was a far cry from what is needed to solve acute accommodation shortages among the growing Nigerian population.

However, there are ways to achieve affordable housing in Nigeria. In this post, I will explore some of the solutions that can help Nigerians achieve affordable housing.

1. Government Intervention: One of the most effective ways to achieve affordable housing in Nigeria is through government intervention. The government can provide subsidies or tax breaks to developers who build affordable housing units. The government can also implement policies that encourage the development of affordable housing, such as reducing the cost of land and providing infrastructure like roads, water, and electricity. Providing this basic infrastructures is very fundamental to creating affordable housing. This is because it makes for cost reduction on the developer, while serving as a great motivator for home seekers.
Many times, investors look out for this basic amenities before choosing a destination for their investment, and so having in it place will greatly enhance home ownership for Nigerians.

2. Microfinance: Microfinance institutions can provide soft loans to individuals and groups who want to build their own homes. These loans can be used to purchase land, build houses, or renovate existing homes. Microfinance institutions can also provide financial education and training to help individuals manage their finances better. This is neccessary since funding is cardinal for both property developers and buyers.

3. Cooperative Housing: Cooperative housing is a form of housing where a group of individuals come together to build and own their own homes. This can be a cost-effective way to achieve affordable housing as the cost of land and building materials can be shared among the members of the cooperative. Cooperative housing also provides a sense of community and social support.

4. Use of Local Building Materials: The use of local building materials can significantly reduce the cost of building a house. For example, using locally sourced bricks, stones, and timber can be cheaper than importing these materials from other countries. This can help to reduce the cost of building houses and make them more affordable for Nigerians. This is very important since affordability is key to home ownership in Nigeria. There is therefore urgent needs for the public sector in Nigeria to pay attention to developing locally made building materials for housing projects as against the current trend of high dependent on foreign or imported building materials.

5. Public-Private Partnerships: Public-Private Partnerships (PPP) can be used to develop affordable housing in Nigeria. This involves collaboration between the government and private developers to build affordable housing units. The government can provide land and infrastructure while private developers can provide the expertise and financing to build the houses.



6. Mortgages:
A mortgage is a loan that is used to purchase a home or property, and the borrower pays back the loan over a set period of time. Mortgages can be a great way to help Nigerians achieve their dream of owning a home. However, mortage options is very low in Nigeria due to both the issue of inavialability from the government, and high interest rate from private sector. Government can therefore support the citizens by providing mortgage options to finance housing.

In conclusion, achieving affordable housing in Nigeria requires a combination of government intervention, microfinance, cooperative housing, use of local building materials, and public-private partnerships. These solutions can help to reduce the cost of building houses and make them more affordable for Nigerians.


Bright PETERSIDE is a Lagos Real Estate Broker & Investment Expert based in Lagos, Nigeria.
Email: petersidebright25@gmail.com
www.brightsideconsultingltd.com

Awesome.

REAL ESTATE; YOUR ONE POINT INVESTMENT TO FINANCIAL FREEDOM.

Often times in life, humans are driven by a strong phycological need to live a comfortable life. This very desire naturally spur certain human decisions,action and in-actions that yeilds the needed result of comfort through financial freedom . Put in a lighter note; It is the sole reason for daily hustle And Bustles. Financial freedom Here connotes ability to have adequate financial manpower to cater for your everyday need and that of your love ones.Hence, one of the critical line of action by those who actually strive and succeed in achieving certain level of success in life is through investment. Investment here involves making a sacrifice in the present with the hope of deriving future benefits culminating into what is otherwise known as Return On Investment. Two most important features of an investment are current sacrifice and future benefit. However, amidst the many form of investment available for investors, there exist one that has stood Out over time to become a major source of comfort and financial Independence which many seek. That very renowned investment is the Real Estate Investment Which I Highly Recommend For Everyone Desiring To Experience Financial Freedom.

Wikipedia defined Real Estate as a property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general while the Miriam Webster Dictionary posit it to imply a property in buildings and land.

Real Estate involves the acquisition of landed properties through buying,selling Or Leasing which brings financial gain,permanence,comfort, dignity and security.

It is said to be one of the oldest form of investment in the world with an English origin which dates back to early 17th century (1660) ,coined from a latin word Reel Estete said to connote existing, actual and genuine.
Real Estate is one of the most successful investment packages in the world over time. In Nigeria alone,statics which emerged at the globally recognised Real Estate-focused West African Property Investment (WAPI) Summit, which took place between the 28th and 29th of November 2017 in Nigeria put the net worth of Real Estate in Nigeria at a market capitalization of $151million , or 0.36 ratio of the local stock market as of 2017. This statics certainty has doubled since then as the sector continue to lead the charge of the economic activities, growth and development of the Nigeria State through investors who thronged in daily to take hold of the glaring opportunities the sector provides.

Investing in in Real estate business yields lots of financial profits and advantages that simply cannot be over emphasized.

At this point, It is important for us to note some of the basic characteristics of real estate which include scarcity, improvements to the land, permanence, area preference, nonhomogeneity, indestructibility and immobility.


For clarity of doubt;below are some advantages of investing in a Real Estate Business;
* Steady cash flow. There is constant In-flow of incomes which usually comes through sales,rentage and brokage. It then means that, this investment has a high propensity to bring massive return on investment at all times.

* Control and Access: There is a direct access and control over the returns from an investment. Assets are managed by the owner, rather than a large corporation or fund manager. Although,the said property can also be managed by a property manager or Real Estate agent with a strong monitoring and influence by the property owner.

* Leverage: Banks lend up to 80% of the value of the property, enabling owner to use other people’s money to buy larger amounts of investment. This help to solve the problems of start up capital which most persons often claim is the impediment of investing.

...............To Be Continued.

I Do Hope That I Made Much Sense To You . Its Always A Pleasure To Provide You The Needed Guide , So You Don’t Make Mistakes In Your Real Estate Investment Journey Because It Is About The Future.

I Would Love To Hear Your FeedBack. Kindly Sms To +234(0)7066669581 Or Email To BrightSideConsultingLtd2020@gmail.com

Please, Also Do Well To Follow Up Our Social Media Page Using The Handles Below For Detail Of Listing Of Our Very Affordable Products And Services.

Best Regards.

Bright S. Peterside.
Real Estate Consultant/PR,Brand Communication Expert.

Great Piece

How To Sack Your LandLord In 2021.

Have You Been Concerned About Ending The Reign Of Your Current Landlord Over Your Finance?
Ever Thought Of Owning A Land/Home Of Your Own And Becoming Your Own Landlord With Multiple Gains?Have You Ever Imagined Having A Space For Rental Income To Boast And Sustain Your Income Level?

Here Are 4 Key Tips On Becoming A LandLord In 2021).

1.Desire: “Your Becoming A Landlord In 2021 Begin With A Deep Desire To Own Your Own Space (Land/Home). Every Great Thing Ever Achieved In Life Begins With An Inner Compulsive Desire. Aspire to enjoy the Comfort Of Your Own Home And The Financial Return There-In. See Yourself Owning A Land/Home With Enough Space For You And Your Love Ones. Envision Yourself Owning a Property To Put Out For Rent With You As The LandLord With A Rental Income”

2.Plan: “Have A Clear Plan Of How You Want To Bring Your Desire To Reality(See Volume 1 Of RealVestGuide For Details). Have A Clear Budget, Purpose And Preffered Location For Your Property. Get A Good Consultant To Guide Your Search In The Property Market.”

3.Save: “You Need Money To Live Your Dream.Begin To Plan Your Finance To Fit Into Your Desire. Save Specific Percentage From Your Salary Or Source Of Income. This Must Cost You Some Inconveniences, But It’s A Positive Temporal Stress,That Will Birth Everlasting Happiness,Comfort,Dignity And Financial Overflow In Your Life.”

4.Action: “Have A Target Time For Your Goal Of Becoming A Land Owner. Set A Dead-Line. Every Goal Must Have An Expiry Date In Other To Be Effectively Accomplished. Be eager To Act And Bring Your Earlier Desire Of Becoming Your Own Landlord Into Existence.”


Remember How Much Your Current Landlord Has Made From Your Annual Rent! Imagine The Financial&Mental Stress You Go Through When Disbursing The Rent Money Annually To Renew Your Rent. Recall The Treat And Rumor Of House Rent Increase Alert By Your Landlord! You Will Agree With Me, Its Right To Sack Him. Act Now !

I Do Hope That I Made Much Sense To You .
As Usual, Its Always A Pleasure To Provide You The Needed Guide , So You Don’t Make Mistakes In Your Real Estate Investment Journey Because It Is About The Future.


Also Do Well To Follow Up Our Social Media Pages Using The Handles Below For More Of Our Very Affordable Products And Services.

Best Regards.

Property Inspection:Key To Security Of Real Estate Investment.

“Buying A Property Without Any Form Of Inspection Is Like Paying A Bride Price Without First Seeing The Bride” Bright Peterside.

Inspection In Real Estate Simply Imply The Physical Verification, Site Seeing Or Viewing Of A Property By A Client. It Helps A Client Formulate A Final Decision On The Said Property. Property Inspection Is A Cardinal Process In Real Estate Investment That Is Sometimes Taken For Granted By Clients And Such Is Not Advisable For Any Investor. I Will Always Encourage Client Or Investors To Have An Inspection Of Any Property,They Intend To Buy, Be It A House Or Land.

Property Inspection Comes With Lots Of Advantages. Having An Inspection Enable You To Have A First Hand Appraisal Of The Property You Are About To Purchase, Noting It’s Basic Features, It’s Pros And Cons. Inspection Creates An Extra Knowledges Of The Product For The Buyer,Particularly For Homes, Prices Are Often Times Concluded Upon The Inspection Of A Property.

The Advent And Huge Presence Of Technology Has Even Made Inspection Much Easier As It Has Created Alternative Means Of Inspection. I.e Virtual Inspection. All Over The World, Client’s Who Are Far Away From Property Of Interest Can Now Have A Direct Inspection Through What We Call “Virtual Inspection “ Which Involves An Audio-Visual Inspection Of A Land Or House.

It Is Done Using A Technology Driven Tool Which Is Connected To The Property Through It’s Location On Google map. This Is Very Much Effective, And I Particularly Sometimes Adopt This Form Of Inspection For Distant Client, Particularly Those OutSide Nigeria. Beyond This, Clients Can Also Inspect A Property Through Video Calls, Live Videos, etc.

It Is Therefore Pertinent To Note Here That Inspection Of A Property In This Era Must Not Neccessarily Connote A Physical Presence Of A Client On The Site, Thanks To The Availability Of Shrewd Innovative Technology.

Beyond This Also, A Clear And Detail Photos Or Video Of A Property Can As Well Serve As A Means Of Inspection For Some Client. However, I Would Advice That Beyond This Videos, Clients Should Make Personal Enquiries On-Line Using Google Search Engine On The Existence And Availability Of Such Property In Other To Confirm The Authenticity Of Such Property’s And Acclaimed Location. This Is Because Most Times, If Product Surely Exist, It Can Be Seen In Many Other Platforms Online. This Verification Is Key.

Property Inspection Most Times Involved Some Financial Incurement On The Buyer. There Is No Fixed Price For It Hence Its Negiotiable. This Financial Incurement Usually Scare Away Clients From Enbarking On Inspection But It Ought Not To Be Because The Ends-Mit Of The Process Is Much Valuable Than What Ever Amount That Might Be Incurred For Inspection. Property Inspection Can Help You Avoid Certain Mistakes Or Losing Your Money.

Although For Me And My Partners Companies, Inspection Is Usually Free Of Charge, With No Financial Cost Attached Simply Because I Am Much Keen On The Client Confirming The Existence And Attractive Features Of The Property In Question, Which Surely Forms A Pre-amble To Their Decision To Buy.

Suffice It To Say Again That Property Inspection Helps To Avoid And Advert Property Scarm. Many Cases Of Property Scarm Features A Story Of Client Not Having Any Form Of Property Inspection Before Payment.

Hence When Inspecting A Property,Be Very Open Minded And Ask As Many Question As Possible To Gain Clarification On Any Thing You Are Not Convinced About.

“It Is Your Right To Know As Much As You Should Know Before Putting In Your Hard Earn Money”

This Should However Must Be Done With Courtesy.

Summarily Therefore, Home Or Land Inspection Is An Important Exercise In Real Estate Investment That is Meant To Help Buyers Make Informed Decisions About Their Property Purchase, ensuring The Physical Existence And Actual Condition Of The Property. It Is Key To The Security Of Your Investment Because It Can Either Make Or Mare Your Decision.

So The Next Time You Want To Acquire A Property, Be Sure To Have Some Form Of Inspection Before Putting In Your Money.


I Do Hope That I Made Much Sense To You . As Usual, Its Always A Pleasure To Provide You The Needed Guide , So You Don’t Make Mistakes In Your Real Estate Investment Journey Because It Is About The Future.


Please, Do Well To Follow Up Our Social Media Pages Using The Handles Below For More Of Our Very Affordable Products And Services.

Best Regards.


Bright S. Peterside
Real Estate Consultant @BrightSideConsulting, Lagos,Nigeria,
,PR/Brand&Communication Expert.

_*RealVestGuide_*
(*Volume 1)

: *Budgeting For Your Property*

I choose To Talk About This Due To Popular Demands And Ofcourse The Need To Provide Proper Guidance To Investors Out There.
More So Considering Budgeting, As A Very Important Process In Real Estate Investment.

As A Matter Of Fact, For AnyOne Intending To Buy Or Lease A Property, Be It A Land Or Home, The First Necessary Point Of Call Is To Draw Up A Budget For Your Planned Investment.
This Is Applicable In All Situations Of The Real Estate Industry.

This Is Why When A Client Approach Me As A Consultant And Make Known Their Intentions To Acquire A Property(Both Buying Or Leasing), My First Question To Them Is Always; What Is Your Budget Sir?
With A Clear Budget In Place, It Becomes Very Easy For The Consultant To Search The Market For Available Products Within The Client’s Budget.

Budgeting Is Therefore An Essential Process In Real Estate Investment As It Also Enables The Client Have A Clear Target.

What Is Budget?

Budget In Real Estate Refers To The Minimum And Maximum Amount Of Money A Client Is Willing To Offer, Pay Or Exchange, In Other To Enjoy The Comfort Of A Property For A Certain Period Of Time.

However, In Preparing Your Budget, There Is One Very Important, Constant Fact Every Buyer Must Note That Affects The Prices Of Properties Globally, Be It Land Or House. That Very Constant Factor Is The “Location Of Property”.

Yes! Location Of Property Generally Affects And Determine The Cost Of Properties Which Every Client Must Consider During Budgeting.

For Example, In Abuja, Nigeria, The Cost Of Land Or House In Asokoro And Maitama Area Will Certainly Be Higher To A Plot Of Land Situated At Kubwa, A Fast Developing Residential Area Of Same City.

In Lagos, Property Cost More In Prime Areas Like Ikoyi, Ikeja, Victoria Island Etc When Compaired To Developing Areas Like Epe, Ikorodu Or Ibeju-Lekki Area Of Lagos. Same Thing Applies To Port Harcourt Where The Cost Of Land In Places Like Peter Odilli Road, Old And New GRA, etc Is Much Higher To Developing Areas Like Eneka, Igwuruta,Rukpokwu Or Eleme Area etc.

So, A Client Needs To Understand This Very Variable And Decide Your Choice Location That Will Tally[/color][color=#000000] With Your Budget In-Line With Prevailing Cost.

Therefore ,In Making This Choice, You Must Be Decisive On What You Intend To Do Or Achieve With The Land Or House.
I. e Are You Buying The Land To Start Building Immediately, Or Are You Buying To Build Later? Say In The Next 3,4 To 5Years? Or Are You Buying To Re-Sell In The Future When The Land Must Have Appreciated In Value?

Each Of The Above Options Or Reasons Will Require Different Location And Budgeting Approach As It Will Enable You Choose The Right Location As Well As Ensure A Smooth Process For Your Budgeting.

Now, If You Are To Start Building Immediately, It Then Means You Will Need To Buy A Land In Developed Or Semi-Developed Location. This Ofcourse Is For Obvious Reason Which Pre-Include Security. You Surely Don’t Want To Go Build And Live In The Middle Of The Bush Without Any Viable Neighborhood.

This However Imply That You Need To Align Your Budget To The Obtainable Cost Of Property In That Area. Same thing Will Apply If You Tend To Start Building Later Or Re-Sell In The Future Vis-Avis Investment, You Can Then Buy In A Developing Or Under Developed Area With Prospects. The Cost Of Acquisition Here Is Usually Lower In Sharp Contrast To The Former.

This Is Simply One Of The Major Reason Why Prices Of Properties Differ In The Property Market.

So, The Next Time, You Want To Buy Or Lease A Property, Be Sure To Have A Clear Decision On What You Want To Achieve Or Do With The Land. With That In Place, You Are Sure To Have A Seemless Budgeting Process For Your Property.

I Do Hope That I Made Much Sense To You . Its Always A Pleasure To Provide You The Needed Guide , So You Don’t Make Mistakes In Your Real Estate Investment Journey Because It Is About The Future.


Please, Do Well To Follow Up Our Social Media Page Using The Handles Below For More Of Our Very Affordable Products And Services.

Best Regards.

Bright S. Peterside.
Real Estate Consultant/PR,Brand Communication Expert.

Thanks.
Please, kindly add me up to the WhatsApp Platform
07066669581.

nicelaw:
add me up on 07035992745

REAL ESTATE; YOUR ONE POINT INVESTMENT TO FINANCIAL INDEPENDENCE.

Often times in life, humans are driven with a strong phycological need to live a comfortable life. This very desire often leads to certain human decisions and action that yeilds the needed result of comfort through financial Independence. Put in a lighter mood and local parlance,this is usually the sole reason for daily hustle. Hence, one of the critical line of action by those who actually strive and succeed in achieving certain level of success in life is through investment. Investment here involves making a sacrifice in the present with the hope of deriving future benefits. Two most important features of an investment are current sacrifice and future benefit. However, amidst the many form of investment available for investors, there exist one that has stand out, over time to become a major source of comfort and financial Independence which many seek. That very renowned investment is the Real Estate Business.

Wikipedia defined Real Estate as a property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general while the Miriam Webster Dictionary simply posit it to imply a property in buildings and land. Real Estate involves the acquisition of landed properties through buying and selling which brings financial gain,permanence and comfort.

It is said to be one of the oldest form of investment in the world with an English origin which dates back to early 17th century (1660) ,coined from a latin word Reel Estete said to connote existing, actual and genuine.
Real Estate is one of the most successful investment packages in the world over time. In Nigeria alone,statics which emerged at the globally recognised Real Estate-focused West African Property Investment (WAPI) Summit, which took place between the 28th and 29th of November 2017 in Nigeria put the net worth of Real Estate in Nigeria at a market capitalization of $151million , or 0.36 ratio of the local stock market as of 2017. This statics certainty has doubled since then as the sector continue to lead the charge of the economic activities, growth and development of the Nigeria State through investors who thronged in daily to take hold of the glaring opportunities the sector provides.

Investing in in Real estate business yields lots of financial profits and advantages that simply cannot be over emphasized. At this point, It is important for us to note some of the basic characteristics of real estate which include scarcity, improvements to the land, permanence, area preference, nonhomogeneity, indestructibility and immobility. Land investing (that's right, buying and selling vacant land) is a massive opportunity that most investors aren't paying attention to. For the few land investors who know how to pursue this business with the right acquisition strategy, it's an extremely lucrative and low-risk way to build serious wealth from real estate.

For clarity of doubt and due cognition, below are some advantages of investing in a Real Estate Business;
* Steady cash flow. There is constant flow of incomes which usually comes through sales,rentage and brokage. It then means that, every investment has a high propensity to bring a return at all times.
* Control and Access: There is a direct access and control over the returns from an investment. Assets are managed by the owner, rather than a large corporation or fund manager. Although,the said property can also be managed by a property manager or Real Estate agent with a strong monitoring and influence by the property owner.
* Leverage: Banks lend up to 80% of the value of the property, enabling to use other people’s money to buy larger amounts of investment. This help to solve the problems of start up capital which most persons often claim is the impediment of investing.

* Insurance for many of the risks is available: Investors can take out building and landlords insurance to protect their interests. This certainty goes a long way to enhance security of investment.
* Durability: Landed property comes with lots of durability and sustainability of investment. This is because, land in most cases (Apart of situations of Natural Coincidence or factors) only appreciates in value, land does not depreciates. This implies that any single investment in Real Estate can yeilds multiple return both at the immediate and future.
* Real Estate promotes General Development: Aside the many financial gains accruable to Real Estate investment, a major positive factor to note is its ability to drive large scale development of an area. This is very important since we as humans all strive to have a more organized society that will in turn enhance our living and comfort.

The above is nothing but a tip of the eyes bag of the many goodies of Real Estate Investment. This of course does not in any way invalidate the claims of possible risk associated with this very business such as Cases of High entry Cost, Unique risk such as changing exchange rate, government policies, unexpected repairs among others. I can however posit here that the said risk involved in Real Estate like any other business is incomparable to the avalanche of opportunities there-in. More so, the said risk involved can be mitigated through proper Risk Evaluations and Management Strategies some of which is highlighted below;
Some Risk Mitigation Strategies in Real Estate:
* Fraudulent sales: Verify ownership, purchase title insurance.
* Adverse possession: Obtain a boundary survey from a licensed surveyor.
* Environmental contamination: Obtain environmental survey, test for contaminants (lead paint, asbestos, soil contaminants, etc.)
* Building component or system failure: Complete full inspection prior to purchase, perform regular maintenance.
* Cash shortfall : Maintain sufficient liquid or cash reserves to cover costs and debt service for a period of time,
* Economic downturn: Purchase properties with distinctive features in desirable locations to stand out from competition, control cost structure, have tenants sign long term leases.
* Tenant destruction of property: Screen potential tenants carefully, hire experienced property managers.
* Underestimation of risk: Carefully analyze financial performance using conservative assumptions, ensure that the property can generate enough cash flow to support itself.
* Market Decline: Purchase properties based on a conservative approach that the market might decline and rental income may also decrease.
Fire, flood, personal injury: Insurance policy on the property.
Tax Planning: Plan purchases and sales around an exit strategy to save taxes.

Typical sources of investment properties include:
Market listings (through a Multiple Listing Service or Commercial Information Exchange).
Real estate agents and Real estate brokers.
Banks (such as bank real estate owned departments for REO's and short sales)
Government entities (such as Fannie Mae, Freddie Mac and other government agencies).
Public auction (foreclosure sales, estate sales, etc.)
Private sales (transactions for sale by owner).
Real estate wholesalers and investors (flipping).

Conclusively, as I have earlier stated unequivocally, that we all desire to live a life of comfort driven by financial independence made possible by investment. However, this Financial independence is only attainable by very few people, we all have relatively the same opportunities, it’s what we do with our opportunities that makes the difference.
The most important thing in preparing and working towards financial independence is to actually do something about it. Often times, the vast majority of people just wait for things to happen, and when they realise that they need to act, it will most probably be too late.This is why it is imperative for one to make haste why the sun shines. The Real Estate Industry all over the world, Nigeria inclusive is one sector were anyone willing to take the first step can invest and establish a sustainable financial freedom and security.
So, you take a leap today of a secured future.
#Invest in Real Estate today, it is your one point to financial independence.

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