5 Proven Ways to Learn Everything You Need to Buy Property in Nigeria

One of the smartest ways to invest your money is to own property. Not only can it save you money, but it can also earn you a steady residual income, and you can pass it on to your offspring.

Do you dream of owning your own property?

If so, know that the road to success must begin with LEARNING. Even if you have all the money you need, you’ll be wise to learn as much as you can about investing in real estate first.

Why?

That’s because the money involved will often be a lot and the potential risks considerable. Therefore, it pays to arm yourself with as much information and education as possible, before you begin to make serious efforts to invest in owning your property.

Here are some examples of what you need to learn…

  1. Learn about the types of properties available and the markets in which they are found.
  2. Get information about the developers offering the properties: their history, etc.
  3. Know the possible payment and acquisition conditions.
  4. Find out about the legal requirements, especially as they relate to those specified by the government.

Where can you go to learn all this?

1. Consult a professional/real estate agency

Those registered with the NIESV (Nigerian Institute of Estate Surveyors and Valuers), or linked to partners with such affiliation, are your safest bet. You want to be sure you’re getting the most accurate, reliable, and up-to-date information!

2. Wait for a learning event:

Find out where you can attend real estate investment seminars or workshops. Just make sure the facilitators are competent and honest, so you don’t get used to charlatans!

3. Buy learning products:

Find out where you can purchase books, videos/audios, and other products on real estate investing. There are not many such products created by Nigerian experts for the Nigerian market, but some are. Look for people with strong industry knowledge for recommendations.

4. Subscribe to an online resource:

Look online, preferably with reference to the Nigerian market, for places where you can learn. Again, seek guidance in making a decision from established players in the market, both real estate professionals and longtime property owners/developers.

5. Find a mentor:

Do you know someone who is a successful, honest and trustworthy professional in the real estate business? If yes, please contact him/her for help or guidance, to achieve your self-education goal. If possible, find and connect with owners with a solid understanding of the industry.

Ask questions. Be willing to wait as long as you are told. Get as much as possible from them, to empower yourself. Go out and check the veracity of what they tell you. You’ll be better off in the long run.

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