In Nigeria, land ownership is frequently thought to be exclusive to older, more affluent people. However, the reality is that more young Nigerians are buying homes in their 20s, and you may do the same. Understanding where to purchase, how to benefit from flexible payment schedules, and how to maximize your investment are crucial. Even if you are just starting off financially, we will show you how to acquire land early with this easy-to-follow advice.
1. Select the Proper Site
Buying land in growing areas, where prices are still cheap but have significant growth potential, is the most economical method to get into the real estate market. Here are a few of the greatest places to do this: With significant government initiatives,
- Epe: is one of Lagos’ real estate hotspots with the quickest rate of growth.
- Ibeju-Lekki: Dangote Refinery, the Lekki Free Trade Zone, and other significant developments are located in Ibeju-Lekki.
- Ogun: border towns: Mowe, Shimawa, and Agbara are among the rapidly growing and reasonably priced communities.
These regions provide inexpensive entry opportunities with significant appreciation potential. In a few years, purchasing land here now could result in large gains.
2. Use flexible payment plan
These days, a lot of real estate firms have installment payment plans that let you spread out payments over six months, a year, or even more. This enables land purchases without requiring large sums of money up front. Plots of land can cost anything from 500,000 to a million naira. Numerous businesses provide payment plans with monthly beginning prices as low as 50,000 naira. An initial deposit can be used to reserve your plot, and the remaining balance can be paid over time. You can acquire real estate using this method without experiencing financial strain.
3. Buy & hold our Build & Rent
There are two primary ways to turn a profit after you own land:
- Hold for appreciation: Within a few years, the value of land in developing regions sometimes doubles or triples. In the future, a plot that was purchased for 500,000 Naira today might be worth 5 Million Naira.
- Build for rental income: If you’re not ready to start building right away, think about leasing to businesses, renting the property for farming, or setting up short-term rentals. Your land is an asset that appreciates in value over time, regardless.
4. Act Right Away
Waiting just drives up the cost of land in Nigeria, where prices are still rising. Yesterday was the ideal day to invest. Today is the next best time. Now is the moment to act if you are serious about owning land in your twenties. For information about available land possibilities with flexible payment plans, contact us by phone or message. We can assist you in getting started on the path to real estate ownership right now.
You don’t have to wait to be older or make millions to build wealth through real estate. You may become a landlord in your 20s and position yourself for financial success if you have the proper location, flexible payment plans, and a long-term outlook.
