Before venturing into any form of investment it is important to gain adequate information on whatever you are investing in. A lot of people are interested in real estate these days and they source for information as regards to how to begin or what the pros and cons of investing in real estate are. It is important to note that not every information on real estate you come across is legitimate.
It is important to have the right information before investing in any venture. There are several myths about the real estate that a lot of people have accepted as facts that needs to be stated and discussed.
REAL ESTATE IS RISKY, every investment has the risk factor attached to it, no investment is exclusive from risk. However real estate investment has the most minimal risk attached to it compared to other forms of investment. With real estate regardless happens you can be sure that you have a place to call your own.
ITS BEST TO INVEST CLOSE TO YOUR CURRENT HOME, for easy accessibility and supervision a lot of people are often advised to buy all their properties in one area, town or country. The first property can be close to home as the investment journey is just about begin but real estate investment should be made in places with better market opportunities now or in the near future.
YOU SHOULD NOT INVEST IN REAL ESTATE WHEN YOU ARE YOUNG, there is no specific age that is appropriate to begin real estate investment, its best to start as young as you can so you can have a lot of investments as you grow older and you can retire early too. A lot of financial institutions offer lower mortgage rate to young people who have a steady source of income. The National Housing Fund offers all Nigerians above 21 in paid employment a low interest government funded loan with a maximum obtainable amount of 15,000,000 which makes owing a property easier.
ONLY PROPERTIES IN FULLY DEVELOPED AREAS SHOULD BE INVESTED IN, This is a big myth indeed, as most of the fully developed areas today were once developing areas and people who invested while they were developing are receiving a large return on their investments at the moment. As long as a place is showing signs of development you can always invest in such areas ahead of the future. A good example is the NEW LAGOS which is also known as Ibeju-lekki and Epe. At SED properties we have lands and houses available in these areas selling at an affordable price that a lot of smart investors are already keying into.
YOU NEED TO BE RICH TO INVEST IN REAL ESTATE, if you wait till you have a lot of money to invest in in real estate then you will miss on great investment opportunities. It is best to start with as little as you can afford, there are so many properties that are sold at a very affordable.
YOU SHOULD ONLY BUY PROPERTY WHEN THE MARKET IS GOOD, the best time to invest in real estate is now, the real estate market is never stable as any other investment market. If you buy a property when the market is down will prove beneficial when the market goes up again as you will sell what you bought at a cheaper price will be sold at a higher price.
These are some of the common myths about real estate investment, it is important to get valid information about real estate before investing in it. To begin your investment journey today you can visit our website www.sedproperties.ng we are your safest and surest real estate investment company.