If you’re thinking of making serious money in Lagos real estate, you must understand one of the most reliable strategies: buy-and-hold.

This is when you buy a property, hold it for years, and allow its value to appreciate while earning rental income.

Lagos is a dynamic and ever-growing city.

Population is increasing, businesses are expanding, and land is becoming more valuable. If done right, a buy-and-hold strategy can secure long-term wealth for any investor.

Why Buy-and-Hold Works in Lagos Land and Property Appreciate Fast Lagos is a land of gold—figuratively.

With high demand and limited land space, properties in strategic locations appreciate fast.

If you bought land in Lekki Phase 1 twenty years ago, you could sell it today for more than 20 times the original price.

The earlier you buy, the better. Steady Rental Income Lagos is home to millions of people, and many prefer renting rather than buying.

A well-located property can generate steady rental income that grows over time.

The more people move into Lagos, the higher the rental demand.

Beating Inflation Nigeria’s economy has its ups and downs, but real estate always finds a way to stay ahead of inflation.

While the value of the naira fluctuates, properties continue to appreciate. This makes real estate a safe hedge against inflation.

Steps to Succeed in the Buy-and-Hold Strategy

1. Pick the Right Location Lagos has different property markets. Some areas grow faster than others.

Choose a location based on your investment goal.●      For rapid appreciation: Look at developing areas like Ibeju-Lekki, Epe, or parts of Ikorodu.●      For steady rental income: Invest in places with high demand for rentals, like Yaba, Surulere, Lekki, or Ikeja.●      For luxury and long-term gains: Consider high-end areas like Ikoyi, Banana Island, or Victoria Island.

Do your research, visit the location, and study the growth trends before investing.

2. Buy from a Trusted Source Lagos real estate is lucrative, but it’s also filled with scams.

Many investors have fallen victim to land disputes or properties with unclear titles.

Ensure that the property has proper documentation—like the Certificate of Occupancy (C of O) or a Governor’s Consent.

Work with a reliable real estate professional who understands the Lagos market.

Don’t fall for “cheap deals” without verifying ownership.3. Decide Between Land or Built Property ●      Buying land is great for long-term appreciation. You can hold it for years and sell later at a higher price.●      Buying a house or apartment gives you immediate rental income while still appreciating in value.

If you have the patience to wait, land investment is powerful. If you want regular cash flow, go for rental properties.

4. Maximize Rental Income If your goal is passive income, make your property attractive to tenants. Consider:●      Security: Lagos tenants prioritize safety.●      Amenities: Good roads, water supply, and electricity boost rental value.●      Short-let options: Platforms like Airbnb can give you higher returns, especially in areas like Lekki and Victoria Island.

If your property is well-maintained, you’ll attract quality tenants and increase your rental value over time.

5. Be Patient and Think Long-Term Real estate is not a quick-money scheme. The buy-and-hold strategy requires patience. Lagos properties appreciate, but it takes time.

Many investors regret selling too early when they see the prices skyrocketing years later.

Think of real estate like fine wine—it gets better with time. Potential Risks and How to Overcome Them Government Policies Policies like land use charges or demolitions can affect investments.

Stay updated with real estate laws in Lagos. Work with professionals to ensure your property is compliant.

Maintenance Costs

 If you own rental property, you’ll need to maintain it. Set aside funds for repairs and upgrades to keep it attractive to tenants.

Bad Tenants

 Some tenants may refuse to pay or damage your property.

Screen tenants properly before renting out your property, and have a solid lease agreement.

The buy-and-hold strategy is a proven way to build wealth in Lagos real estate. It allows you to generate rental income while your property appreciates in value.

With proper planning, the right location, and patience, your investment will reward you in the long run.

So, are you ready to secure your future with Lagos real estate? Start now—because five years from today, you’ll wish you had.

Dennis Isong and team.

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