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Accelerating Property Investment Goals in Nigeria within 6 Months by Dennis Isong
Achieving property investment goals within a short time frame requires a strategic approach, especially in a dynamic market like Nigeria. This may sound unachievable but it is doable when you follow the guidelines below.
● What exact aspect of real estate do you want to invest in?
Begin by setting specific and realistic investment goals by clearly defining the type of property you want to invest in, the expected returns, and any constraints you may have. Having a well-defined plan will guide your actions and decisions throughout the process. List all the workings out to know what to do and not get stuck in the process.
● Are you familiar with the market before jumping into it?
If necessary, explore financing options and ensure your budget aligns with your financial capabilities.
Real Estate is not a business you can walk into , blindfolded. You have to understand the local real estate market is crucial and the determinant of what your investments will turn out to be. Research trends, property values, and emerging areas with growth potential. Identify areas where demand is high but supply may be limited, as this could present lucrative opportunities.
● Can you adequately finance it?
Evaluate your financial capacity and set a budget for your investment. Consider all associated costs, including property acquisition, legal fees, and potential renovations. If necessary, explore financing options and ensure your budget aligns with your financial capabilities. Then, set aside funds for miscellaneous or any unforeseen circumstances.
● Move with like-minded people.
Building a network within the real estate industry can open doors to valuable opportunities. Attend local property events, join online forums, and connect with professionals in the field. Collaborating with experienced individuals can provide insights and support for successful investments. Then, make use of social media platforms.
● Be aggressive (positively) in your approach.
You can’t be slow in response when it comes to real estate investment. Hesitation can lead to missed opportunities. Once you’ve identified a suitable property, act decisively. Be prepared to negotiate and finalize transactions promptly. Timeliness is often a key factor in securing the best deals.
● Know what you are investing in.
Before finalizing any property transaction, conduct thorough legal due diligence. Don’t invest in a property that will stress you out with little or no significant returns. Also, verify property titles, confirm ownership, and ensure there are no encumbrances. Engage legal professionals to guide you through the process and avoid potential legal pitfalls.
● Don’t be hesitant on improving property value.
If your goal involves improving property value, plan and execute renovations efficiently. Focus on upgrades that enhance appeal and functionality, ultimately increasing the property’s market value.
● Implement an effective marketing strategy.
If you intend to sell or lease the property quickly, implement an effective marketing strategy. Utilize online platforms, social media, and traditional advertising methods to reach potential buyers or tenants.
● Be intentional with your progress.
Regularly monitor the progress of your investments and be willing to adjust your strategy if needed. Stay informed about market changes and adapt your approach accordingly.
▪︎Dennis Isong is a TOP REALTOR IN LAGOS. He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041
News
FG Supports Tomato, Pepper Sellers Too, Not Just ‘Akara’ — Remi Tinubu
Nigeria’s First Lady, Senator Oluremi Tinubu, has clarified that the Federal Government’s support for small-scale traders extends beyond ‘akara’ sellers to include tomato and pepper sellers across the country.
Speaking at an event, Mrs. Tinubu emphasized the government’s commitment to empowering various categories of informal traders and food vendors.
“Not only ‘akara’, FG also supports tomato, pepper sellers,” she stated.
The First Lady’s remark appears to address recent discussions and criticisms regarding government intervention programmes for petty traders. She highlighted that initiatives aimed at supporting small businesses cover a wide range of essential food items and vendors, including those dealing in tomatoes and peppers, which are staple commodities in Nigerian markets.
Mrs. Tinubu reassured citizens that the administration remains focused on inclusive economic support for vulnerable groups and market women. She noted that such interventions are designed to cushion the effects of economic hardship and promote self-reliance among small-scale entrepreneurs.
The statement has sparked reactions on social media, with many commending the First Lady’s direct engagement while others called for more visible and widespread implementation of the support programmes.
News
Insecurity: NSCIA fumes “Enough is Enough” over attacks on Islam and Muslims in Nigeria
The warning was contained in a statement by the NSCIA’s Public Affairs Officer, Abbas Jimoh, on behalf of the council led by its President-General and Sultan of Sokoto, His Eminence Alhaji Muhammad Sa’ad Abubakar.
Photo: Sultan of Sokoto Muhammad Sa’ad Abubakar III
The umbrella body of Muslims community in Nigeria (Nigerian Supreme Council for Islamic Affairs (NSCIA) has warned the Federal Government and security agencies to act before Muslims ‘run out of patience’.
According to the NSCIA,the community’s continued restraint amid what it described as persistent attacks, profiling and marginalisation should not be mistaken for weakness.
The warning was contained in a statement by the NSCIA’s Public Affairs Officer, Abbas Jimoh, on behalf of the council led by its President-General and Sultan of Sokoto, His Eminence Alhaji Muhammad Sa’ad Abubakar.
The NSCIA also called on the government to ensure that those responsible for what it described as heinous crimes in Kaduna and Benue states were brought to justice without delay.
“While the NSCIA continues to appeal to Muslims for continuous restraint, it is imperative that government and security agencies should act decisively before the Muslims run out of patience in the light of persistent attacks and unbridled marginalization,” the council said.
The council urged the authorities to rein in what it described as persistent attacks on Islam and Muslims in public spaces, saying that was essential to preserving peace and national cohesion.
“The barrage of open assaults on the integrity of Islam and the Muslims in public spaces should be checked in the interest of peace and order. Enough is enough,” the statement added.
News
NYSC to be headed by civilians under new reforms
To give legal backing to the reforms, the Federal Executive Council directed the Attorney-General of the Federation, in collaboration with the Ministry of Youth Development, to amend the NYSC Act and its regulations to facilitate the immediate implementation of the approved changes.
The Federal Government has approved sweeping reforms to the National Youth Service Corps, NYSC, announcing that the scheme will now be headed by a civilian instead of a military officer.
The approval was announced to State House correspondents after the FEC meeting presided over by President Bola Tinubu at the Presidential Villa, Abuja.
To give legal backing to the reforms, the Federal Executive Council directed the Attorney-General of the Federation, in collaboration with the Ministry of Youth Development, to amend the NYSC Act and its regulations to facilitate the immediate implementation of the approved changes.
The Minister of Youth Development, Ayodele Olawande, said that the reforms would also introduce professional training programmes for corps members to enhance their employability and entrepreneurial skills.
He explained that the NYSC would retain its one-year service duration while incorporating flexible, skills-based training programmes into the service year.
Under the new framework, he said, the scheme would remain civilian-led, while the Nigerian military would continue to be responsible for the security of corps members nationwide.
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