Cizar consult Firm

12/06/2025

Why it is essential for builders to consider a wide entrance during construction most especially a storey building

10/06/2025

It is either you do it once or you keep spending on maintenance. The choice is yours!

When building upstairs, Don't start your economics with the foundation. The safety and quality of foundations should remain uncompromised

06/12/2024

2023 Real Estate Market Outlook (And What It Means for You)

Last year, one factor drove the real estate market more than any other: rising mortgage rates.

In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.[1] And while some market sectors have been slow to respond, the housing market has reacted accordingly.

Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market.

So what can we expect in 2023? Will mortgage rates continue to climb? Will home prices come crashing down? The reality is, this is one of the more challenging real estate periods to forecast. However, here’s what several industry experts predict will happen to the U.S. housing market in the coming year.

MORTGAGE RATES WILL FLUCTUATE LESS

In 2022, 30-year fixed mortgage rates surged from roughly 3% in January to around 7%.[2] This year, economists forecast a less dramatic shift. Nadia Evangelou of the National Association of Realtors (NAR), shares her vision of three possible scenarios[3]:

Inflation continues to surge, forcing the Fed to repeatedly raise interest rates. In that case, rates could reach as high as 8.5%.
Inflation decelerates and mortgage rates follow suit, averaging 7 to 7.5% for the year.
The economy falls into a recession, which could lead mortgage rates to drop closer to 5% by year-end.
What does it mean for you? No one knows for certain where mortgage rates are headed. Instead of trying to ”time the market,” focus instead on buying or selling a home when the time is right for you. There are mortgage options available that can make a home purchase more affordable—and you can always refinance down the road. I’d be happy to refer you to a mortgage professional who can help.

SALES VOLUME WILL FALL AND INVENTORY WILL RISE

Many economists expect the number of home sales to continue to decline this year, leading to an increase in listing inventory and a longer sales timeline. Fannie Mae forecasts that sales will fall by 20% this year, while NAR projects a less extreme dip of 7%.[4, 5] Realtor.com estimates that this slowdown could cause listing inventory to surge by 23%, which would be a noticeable improvement for buyers but still fall short of 2019 levels.[6]

What does it mean for you? If you’ve been frustrated by a lack of inventory in the past, 2023 may bring new opportunities for you to find the perfect home. And if you’re hoping to sell, you may want to act fast; rising inventory levels will mean increased competition. Reach out to schedule a free consultation.

HOME PRICES WILL REMAIN RELATIVELY STABLE

While some economists expect home prices to fall this year, many expect them to remain fairly stable. "For most parts of the country, home prices are holding steady since available inventory is extremely low," said NAR Chief Economist Lawrence Yun at a November conference.[5] The factors that caused home prices to plunge during the Great Recession—specifically lax lending standards and a surplus of listings—aren’t prevalent in our current market.[7]

https://www.linkedin.com/pulse/2023-real-estate-market-outlook-what-means-you-scot-hartwell?trk=public_post

For more information:
https://www.construction21.org/amp/articles/h/all-about-the-real-estate-industry.html

For further enquiries & inspections
Visit our office at: Plot 1, Basin Road, Ilorin, Kwara State
Call/SMS/WhatsApp: 08092999948, 09033530086, 08092999947, 08092999946, 08068998776



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12/11/2024

Marketing Strategies for Real Estate Agents in Nigeria.

Marketing and listing strategies play a crucial role in selling properties effectively and maximizing their exposure to potential buyers. Are you an agent in the Real Estate Here are some effective strategies to consider as a Real Estate agent in Nigeria:

Professional Photography and Virtual Tours: High-quality images and virtual tours can significantly impact a property’s appeal to potential buyers. Hire a professional photographer but if you cannot afford one, please get a phone that has sharp camera pixels. It will help you in your marketing also consider offering 360-degree virtual tours to showcase the property’s best features.

Property Staging: Staging the property can help potential buyers envision themselves living in the space. Use tasteful furniture and decoration to create an inviting and appealing atmosphere of the property. The property will appeal to eye first before one can think of buying.

Create an Attractive Listing: Craft a compelling property listing that highlights the property’s unique selling points, location advantages, and key features. Use descriptive language and include important details such as square footage, number of bedrooms and bathrooms, amenities, and any recent upgrades or renovations.

Read also: WHY YOU MUST BUY LAND AND WAIT AND NOT THE OTHER WAY ROUND!

Online Listing Platforms: Utilize popular online listing platforms and real estate websites to advertise the property. Ensure that the property is listed on multiple platforms to reach a wider audience. You can list your properties on site www.verazadvocates.com.ng/property or other listing platforms in the country. You can contact us for list of these sites.

Social Media Marketing: This is a very powerful tool in marketing now, this is because many people search online for their needs. Leverage social media platforms like Facebook, Instagram, YouTube and LinkedIn to promote the property listing. Use eye-catching visuals, videos, and engaging content to generate interest and share the listing with a broader audience.

Email Marketing: Develop an email marketing campaign to reach out to potential buyers and real estate agents in your network. Share the property listing and any upcoming open house events to generate interest. Although many realtors/agents are not using this strategy but it works like magic! Try it out and thank me later.

Open Houses and Property Tours: Attend open house events and property tours organized by real estate companies with your prospects to allow potential buyers to view the property in person. Make the experience welcoming and informative to encourage offers. Here in Nigeria, there are many Real Estate Companies and they organize such events regularly. As a real estate agent, search for real estate companies in your area and register with them. If you are in Rivers State you can contact us for list of Real estate Companies in Rivers State.

Collaborate with Local Real Estate Agents: Partner with local real estate agents who have a network of potential buyers. Offering a commission to buyer’s agents can incentivize them to bring qualified clients to view the property. As a real estate agent, you should not be an island, partner with other agents in your area. Do not chop alone, learn how to partner and share the commission thereafter. Do not be a greedy agent!

https://www.verazadvocates.com.ng/property/2023/10/04/marketing-strategies-for-real-estate-agents-in-nigeria/

For more information:
https://www.construction21.org/amp/articles/h/all-about-the-real-estate-industry.html

For further enquiries & inspections
Visit our office at: Plot 1, Basin Road, Ilorin, Kwara State
Call/SMS/WhatsApp: 08092999948, 09033530086, 08092999947, 08092999946, 08068998776



Follow us on all Social media
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[email protected] or [email protected]

12/11/2024

Real Estate Business in Nigeria: Farmland Investment.

These Are The Main Points In This Guide
How to Invest in Farmland in Nigeria
What is Farmland Investment?
Is Farmland a Good Investment?
Why Do You Need to Invest in Farmland?
Agriculture Is Always Needed.
Farms Are Becoming More Productive
Farmland has Produced Substantial Investment Gains.
Farmland is a “Fixed Asset.”
How to Invest in Farmland? A Step-by-Step Guide
Step 1 – Prepare Yourself for Long-Term Investment
Step 2 – Broaden Your Investment Approach
Step 3 – Evaluate the Soil and Water
Step 4 – Aim at Getting Sustainable Farmlands
Step 5 – Acquire Multiple Properties
LIST OF FARMLANDS INVESTMENT PLATFORMS IN NIGERIA:
Farmcrowdy – http://www.farmcrowdy.com/
Thrive Agric – http://www.thriveagric.com/
Grows – www.growsel.com
FARMS – www.efarms.com.ng
AGRECOURSE – www.agrecourse.com
Final note
How to Invest in Farmland in Nigeria
I know what you are thinking. But, how do I invest in farmland if my knowledge of agriculture and farmland is limited?

Don’t worry.

Buying a farm and doing the actual work of raising crops and livestock isn’t the only way to invest in farmland. There are other ways you can support them.

Investors can see significant benefits from investing in farmland as opposed to commercial or residential property, depending on where and what type of farmland you purchase.

Due to the rising global demand for food, farmland is often seen as one of the best long-term real estate investments out there. People still have to eat, whether the economy is in a recession or blooming.

Therefore, investing in farmland is an investment you will not regret. Agriculture has, and will always be, a sector characterized by a rewarding return and general progressiveness, provided it has all the requirements needed.

This post will guide you on the steps you need to take to invest in Farmland in Nigeria, and I will also discuss ways you can benefit from it.

https://realestateinlagos.com/real-estate-business/

For more information:
https://www.construction21.org/amp/articles/h/all-about-the-real-estate-industry.html

For further enquiries & inspections
Visit our office at: Plot 1, Basin Road, Ilorin, Kwara State
Call/SMS/WhatsApp: 08092999948, 09033530086, 08092999947, 08092999946, 08068998776



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[email protected] or [email protected]

04/11/2024

How to Market Real Estate in Nigeria (And Make Sales)

The Nigerian real estate market is a dynamic and thriving sector that has been experiencing remarkable growth and positive trends.

From the robust increase in the real estate sector’s contribution to the GDP to the changing preferences of property buyers, there’s a lot to consider when it comes to marketing real estate in Nigeria.

In this blog post, we’ll delve into key statistics, effective marketing strategies, changes in the market over the past decade, popular property types, and the top real estate companies in Nigeria.

Understanding the Nigerian Real Estate Landscape
Demand Trends and Preferences
7 Effective Strategies to Market Real Estate in Nigeria
1. Understand the Market
2. Harness the Power of Digital Marketing
3. Network with Peers
4. Engage with the Community
5. Offer Attractive Incentives
6. Personalize Your Marketing
7. Follow Up Relentlessly
Evolution of the Nigerian Real Estate Market Over a Decade
Growth in the Real Estate Sector
Increased Demand and Changing Preferences
Population Growth and Housing Needs
Positive Outlook and Increased Activity
Regulatory Landscape
Diverse Property Types in the Nigerian Market
1. Residential Properties
2. Commercial Properties
3. Shortlet Apartments
4. Shopping Complexes
5. Event Centers
6. School Hostels
7. Warehouse and Office Spaces
Leading Real Estate Companies in Nigeria
1. Adron Homes and Properties Limited
2. Jide Taiwo & Co
3. Kings Court Realtors
4. Landmark Corporate Realty Ltd
5. Primrose Development Company
In Conclusion
Understanding the Nigerian Real Estate Landscape
The real estate market in Nigeria has witnessed substantial growth in recent years, contributing significantly to the country’s GDP. According to the GDP Report for Q3 2022 published by the National Bureau of Statistics, the real estate sector grew by an impressive 4.44% and accounted for 5.34% of Nigeria’s real GDP. This growth can be attributed to factors such as increased demand, population growth, and a positive outlook for the sector.

https://www.google.com/amp/s/truehost.com.ng/how-to-market-real-estate-in-nigeria/%3famp=1

For more information:
https://www.construction21.org/amp/articles/h/all-about-the-real-estate-industry.html

For further enquiries & inspections
Visit our office at: Plot 1, Basin Road, Ilorin, Kwara State
Call/SMS/WhatsApp: 08092999948, 09033530086, 08092999947, 08092999946, 08068998776



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[email protected] or [email protected]

Don't miss out on lucrative opportunities! Master the art of real estate marketing in Nigeria and achieve record-breaking sales.

14/10/2024

A very popular misconception about real estate is that you have to be extremely wealthy to even think about investing or buying into it because, in the past, most people in Nigeria that invest in real estate were the very rich and financially stable people. Our Reality today is different and has totally debunked this misconception. Here are 5 points to buttress this.

Strategic Investing
No matter how bad the economic market gets, Investing strategically in real estate can never be a bad investment; it can always be sold for a valuable ROI.

Research
Overtime the average return on investment (ROI) on properties are predicated on both external and internal factors like; Projected geographical developments, geographical location, access routes, natural factors, crime rates etc. Some of these factors are ever changing and the effects might be positive or derogatory to the real estate properties associated with them. Proper research on the current real estate markets, the proposed real estate investment location and the developments that are and will occur in that location should be carried out before any investment is made.

Collaboration e.g Joint Venture
Real Estate is by far the best investment choice in Nigeria and it’s not an option that requires singularity of ownership. Collaborations are really important as they offer the opportunity to invest in real estate despite your current financial Limitations.

Constant Growth in The Country
Nigeria being the giant of Africa and it is growing at 3.2% a year. The U.S. Census Bureau says that at this rate, there will be an estimated 402 million people in Nigeria in 2050. The question now is, where will they all live? With this estimation real estate is primed to be the best investment plan in Nigeria for at least the next 100 years.

https://pennek.com/5-unknown-facts-about-real-estate-in-nigeria-today/

For more information:
https://www.construction21.org/amp/articles/h/all-about-the-real-estate-industry.html

For further enquiries & inspections
Visit our office at: Plot 1, Basin Road, Ilorin, Kwara State
Call/SMS/WhatsApp: 08092999948, 09033530086, 08092999947, 08092999946, 08068998776



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[email protected] or [email protected]

05/10/2024

Real Estate Investment in Nigeria: Is it Truly Worth it?

Real estate investment has long been considered a lucrative opportunity worldwide, and Nigeria is no exception. As the Nigerian real estate market continues to evolve, investors are often left pondering the question: Is real estate investment truly worth it? In this article, we will delve into the current trends in Nigeria’s real estate sector, examine the benefits and risks associated with real estate investment, and provide insights to help readers make informed decisions.

Read also: Luxury Living on Water: Yachts and Waterfront Homes

Current Real Estate Trends in Nigeria

The real estate sector in Nigeria is currently experiencing a number of noteworthy trends. Despite economic challenges, real estate investment in Nigeria remains strong, as it has proven to be a reliable hedge against inflation and currency fluctuation. Some of the trends are outlined below:

Rapid Urbanization
Nigeria’s population is growing at an unprecedented rate, and this has led to a surge in urbanization. Major cities like Lagos, Abuja, and Port Harcourt are experiencing increased demand for housing and commercial spaces, resulting in significant investment opportunities.

Infrastructure Development
The Nigerian government has prioritized infrastructure development, with ongoing projects in road networks, transportation, and power supply. These initiatives have the potential to unlock the value of real estate investments, attract businesses, and improve overall property values.

Rising Middle Class
The expanding middle class in Nigeria is driving the demand for quality housing and modern amenities. As more individuals seek comfortable living spaces, there is a growing market for residential properties, including luxury apartments, gated communities, and serviced estates.

Commercial Growth
Nigeria’s economy is diversifying, and the country is witnessing increased foreign direct investment (FDI) in various sectors. This influx of businesses creates demand for office spaces, retail centers, and industrial facilities, providing attractive investment opportunities in commercial real estate.

https://paltonmorgan.com/real-estate-investment-in-nigeria-is-it-truly-worth-it/

For more information:
https://www.construction21.org/amp/articles/h/all-about-the-real-estate-industry.html

For further enquiries & inspections
Visit our office at: Plot 1, Basin Road, Ilorin, Kwara State
Call/SMS/WhatsApp: 08092999948, 09033530086, 08092999947, 08092999946, 08068998776



Follow us on all Social media
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https://www.linkedin.com/company/cizarconsult

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[email protected] or [email protected]

01/10/2024

30/09/2024

Top 7 Reasons Why 90% of US Millionaires Invest In Real Estate & Why You Should Follow the Lead

“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago.

Some of the most successful entrepreneurs in the world have built their wealth through real estate. In fact, it’s estimated that 90% of all millionaires invest in some form of real estate. There are several reasons for this, but in today’s article, we’ll share seven reasons why millionaires invest in real estate.

Reason #1: Passive Income
One of the biggest reasons why millionaires invest in real estate is for the passive income it provides. With a well-diversified portfolio of properties and investments, you can easily create a stream of passive income that will provide you with financial security for years to come!

Reason #2: Tax Benefits
Another reason millionaires invest in real estate is for the tax benefits. When you invest in real estate, you can deduct several expenses from your taxes, including mortgage interest, property taxes, and more. This can save you a significant amount of money each year!

A real estate investor’s tax benefits could include:

Depreciation is the gradual loss of a property’s value over time due to wear and tear. A real estate investor generating income from a rental property can deduct depreciation expenses from their taxes, reducing their tax liability and taxable income.

No Self-Employment Tax – A self-employed person typically pays the employee and employer’s F**A tax, including medicare and social security. Fortunately, owning a rental property doesn’t classify your income as earned. Because rental income from real estate investments is typically considered passive income and is exempt from self-employment tax, partnerships and syndications are a popular structure for passive real estate investors.

Deductible expenses – As a real estate investor, you can claim tax deductions on various expenses incurred for your portfolio. Typical tax-deductible costs include property insurance, property taxes, management fees, maintenance and repairs, and qualified business expenses.

Reason #3: Leverage
Another reason to invest in real estate is leverage. When you purchase a property, you can put down a small down payment and finance the rest. You can use leverage to finance a portion of the purchase price. This allows you to control larger assets for a smaller investment.

Reason #4: Save Time With A Syndication
You can also leverage other people’s time by passively investing in real estate projects. In this case, the active investor will track the deal and tackle it. And the passive investor, on the flip side, will fund it. Real estate syndications are another great way to invest in real estate passively. Syndications enable you to benefit from other people’s time and money since you’re capitalizing on the efforts of other investors and the property development group to get the deal. This enables you to bypass the project management piece of managing a project, so you can simply gather your profits at the end of the project.

Reason #5: Appreciation
Over time, real estate tends to appreciate in value. This is especially true if you purchase property in an up-and-coming area or make improvements to the property that increase its value. By investing in real estate, you can build equity that will increase in value over time!

Reason #6: Cash Flow
Investing in real estate can also provide you with positive cash flow. This is the money you have left over after paying your expenses, including your mortgage, property taxes, insurance, and more. If you have positive cash flow, you can use that money to reinvest in other properties or other areas!

Reason #7: It’s a Tangible Asset
Real estate is a tangible asset that you can see, touch, and feel, as opposed to stocks and bonds, which are intangibles. Knowing that your investment is tangible might increase your sense of security.

https://redoakvc.com/top-7-reasons-why-90-of-us-millionaires-invest-in-real-estate-why-you-should-follow-the-lead/

For more information:
https://www.construction21.org/amp/articles/h/all-about-the-real-estate-industry.html

For further enquiries & inspections
Visit our office at: Plot 1, Basin Road, Ilorin, Kwara State
Call/SMS/WhatsApp: 08092999948, 09033530086, 08092999947, 08092999946, 08068998776



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[email protected] or [email protected]

28/09/2024

WHY HIRING A REAL ESTATE AGENT CAN MAKE SELLING YOUR HOUSE EASIER
Hiring Real Estate Agent Benefits



Selling a house can be challenging. From setting the right price to attracting potential buyers and managing the paperwork, it’s a complex task that requires expertise and experience. So, if you have decided to sell your house, a real estate agent can be of great help. By hiring a professional, you can make selling your house easier, faster, and more profitable. This article will discuss the benefits of hiring a real estate agent to sell your home.



Stage your house with custom window treatments from Spiffy Spools and beautify it so every potential buyer lines up to get the keys of your house at the price of your demand!



Expertise in Pricing Your Home
Real estate agents are experienced professionals who have a deep understanding of the local market trends and can accurately assess the value of your property. An experienced agent can also help you decide if renovating your outdoor area will help increase the house’s value, or if a foyer decoration project is worth the investment. They are skilled in determining the right price for your home, which is essential for attracting potential buyers and getting the best return on your investment.

Pricing your house too high may lead to a longer time on the market while pricing it too low could mean a significant loss in revenue. Real estate agents use their knowledge and market research to set a competitive price that aligns with the current market conditions.

https://www.spiffyspools.com/spiffy-speak/why-hire-real-estate-agent/

For more information:
https://www.construction21.org/amp/articles/h/all-about-the-real-estate-industry.html

For further enquiries & inspections
Visit our office at: Plot 1, Basin Road, Ilorin, Kwara State
Call/SMS/WhatsApp: 08092999948, 09033530086, 08092999947, 08092999946, 08068998776



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18/09/2024

All About the Real Estate Industry.

One successful business in the construction world is the real estate industry. This industry covers many aspects of the property such as development, leasing, appraisal, marketing, and management of commercial, residential, agricultural, and industrial properties. The industry fluctuates depending on the economies but at the same time remains consistent since people always need homes and businesses need commercial space.

Before heading down to a career in the real estate industry, here are some things that you need to know.

What is Real Estate?
Real estate is any real property consisting of land and improvements such as fixtures (i.e. access door, lighting, awnings, etc.), buildings, roads, structures, and even utility systems. Here are the four types of real estate:

Residential - This includes both new construction and resale. A common category of residential real estate is single-family homes. Other residential real estates include condominiums, co-ops, townhouses, triple-deckers, high-value homes, duplexes, quadplexes, vacation, and multi-generational homes.

Commercial - Included in this type of real estate are strip malls, shopping centers, educational and medical buildings, hotels, and offices. Apartments, although used for residences, are often considered commercial since they are owned to produce income.

Industrial - This kind of real estate includes manufacturing buildings and property, including warehouses. There can be various uses for industrial buildings such as research, production, distribution, and storage of goods. However, buildings where goods are distributed, are considered as commercial real estate

Land - Land can either mean vacant land, ranches, or working farms. Subcategories of this kind of real estate include undeveloped, early development or reuse, subdivisions, and site assembly.

For more information:
https://www.construction21.org/amp/articles/h/all-about-the-real-estate-industry.html

For further enquiries & inspections
Visit our office at: Plot 1, Basin Road, Ilorin, Kwara State
Call/SMS/WhatsApp: 08092999948, 09033530086, 08092999947, 08092999946, 08068998776



Follow us on all Social media
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https://www.linkedin.com/company/cizarconsult

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[email protected] or [email protected]