Real estate has become a major business in the global community in recent years as the demand for apartments for rent and houses for sale keeps increasing. This is largely as a result of an increasing population which has been estimated to double in about two decades.
So, whichever way you want to look at it, the Real estate business is here to stay. And the earlier you delve into it, the better it becomes.
Real estate companies such as Nedcomoaks has been in the real estate business for a couple of years now and has been providing authentic lands and houses for sale in the Lekki peninsula while offering apartments for rent for home-seekers too.
If you have been slightly confused on how to start investing in real estate and taking up the opportunities that are truly abundant in this industry, these are a few ideas you might really want to consider.
• Owning a property
Owning a property offers you two distinct ways of generating income on your property, and this includes putting it up for rent and ultimately selling it off when the value of the property has reasonably increased.
Owning a property gives you the advantage of getting passive income on your assets through rents and serves as an alternative medium for long-time investment.
And the beautiful thing about it is that you do not have to go through the trouble of managing this property all by yourself, you can employ the services of a Real estate company to help you manage your property.
Nedcomoaks remains one of the reliable real estate companies in the Lekki peninsula just in case you are seeking to buy a house or you simply need to employ the services of a reputable real-estate company to help you manage your property.
• House Flipping
House flipping is a really simple concept to understand as it involves buying a certain property for a low price, usually a distressed property, fixing it and making top-notch renovations simply for the purpose of reselling for a higher price. It is generally advised to be calculative and as exact as possible when calculating the cost and expected returns on the property after sale.
When it comes to property flipping, timely sales is everything as you are more guaranteed of the best returns on property when you can sell off the flipped property as soon as possible.
Although, this might not offer continuous cash-flow, it creates an opportunity to make large one-time profits.
• Freelance as a real-estate Photographer
Put that camera to good use, simply become a Real-estate photographer. This simply involves taking shots of houses from different angles and posting it online to help Landlords or sellers who will like to sell their landed properties put out their properties for prospective clients to see.
You can check out some of the houses for sale in Chevron , Lafiaji, Oral Estate, Ajiran, Ikate Elegushi, Ologolo and Ikoyi on the Nedcomoaks official website for example.
You can take advantage of the different social media platforms to help your clients reach their target audience
• Property Management
Do you really have to own a property before you can make money from Real estate? Well, I am sure most real estate companies will give you an emphatic ‘No!’.
There is another option available which includes managing a property for a property owner. Your job description will include maintaining the property, collecting rent all for a fee.
• Integrate different Real-estate ideas
Finally, you do not have to engage just one real-estate idea if you are seeking to maximize your real-estate profitability ratio.
You can execute several real estate ideas including owning a land, land flipping while also helping a property owner manage his/her property.
You do not really have to be restricted to just one real-estate idea; try out several ones and determine which one works for you.
You can talk to one of our real estate agents at Nedcomoaks on exactly how you can invest in Real-estate