28/03/2023
INDIVIDUAL OR MAPPED OUT ESTATE OWNED AND MANAGED BY REPUTABLE REAL ESTATE COMPANY WHICH IS BETTER?
One thing about buying land owned by a reputable real estate company....
Apart from the fact that it shields you from all these property wahala people face when they buy from individuals; Omonile/ogbonecheagu, dual ownership rights and the rest....
When you buy in an estate, your property actually appreciates faster than other properties around the area.
HERE IS WHY....
Apart from the external development coming up in an environment where a particular property is located, there are other factors that contribute to the appreciation of a property
One being, the level of development on the property/land...
This means that when you buy a land, by mere building of the fence around the plot...appreciation of that property has started.
Meaning you can't sell that plot for the price you bought it... Even if you bought it yesterday
When you buy a piece of property in an estate, apart from the internal development you make on your plot which automatically makes the property appreciate,
The immediate external environment where your property is located, is the estate environment... So as the real estate company that owns the estate develops and makes the estate more beautiful, your property appreciates too
YES...
And as development keep booming in the external environment outside the estate, your property value appreciates so does the estate as a whole
So let's break it down
If you buy a property in Emene and the level of appreciation in the area is on the rate of 20% per annum, properties in emene that stands individually will just enjoy that 20% appreciation.... And depending on the value of development on your plot it could be more. Say 30%, because there is a limit to the amount of money you can sell it for...
But if you bought in an Estate, that is already fenced and gated, street light already in place, road network already ongoing; just being massively developed... Of course properties in the estate cannot have the same value of appreciation as the rest in the area
If the average price of properties in the area is say 3 million, the average price of the ones in a developing estate will be around 6-8 Million π
So here is the ICING ON THE CAKE...
If you want to go into land banking investment, and you don't want to wait for 10 years before your property appreciates to a reasonable amount you can sell off,
Then do this
Buy as much plots as you can in an estate owned by a reputable real estate company, before it is launched or at its FLOOR PRICE(the lowest price a piece of land can ever be sold in the estate) or at its LAUNCH PRICE... AND WAIT as your money works for you.
As the real estate company develops the estate and makes it more beautiful, your properties appreciates on it's own... Even if you do nothing to it
Take for instance,
In September, Flourish City Enugu was sold for just 3.8 million naira
Now the fencing and gate house has been complete and drainages are being constructed, the estate has appreciated to 5.4 million naira...
Imagine if you bought into it when it was 3.8 million naira, now you can sell it at 5.4 million naira within few months of purchase... Good business right?
Imagine how much land bankers of Flourish city Enugu could sell their properties 2years from now
Now you see how multi millionaires are made through land banking... No stress, no hassles just your money working for you.
Do you want to go into this business of land banking?
Book your inspection today, let's go and see the GOLD. Call/Whatsapp 07063075528