In this present day, it is very important to invest in Real Estate. This is because of the numerous benefits it gives in the later future. Some of which are:
- Steady Income: Rental properties can provide a consistent stream of income through monthly rent payments.
- Appreciation: Over time, real estate tends to appreciate in value, potentially providing substantial returns on investment. For example a land you buy with 2M today can never be sold for 2M in the next one or two years to come. The value will appreciate.
- Tax Advantages: Real estate investors can benefit from tax deductions such as mortgage interest, property taxes, depreciation, and more.
4. Portfolio Diversification: Real estate investments can diversify your investment portfolio, reducing overall risk.
5. Hedge against Inflation: Real estate often acts as a hedge against inflation, as property values and rents tend to increase with inflation. This scenario is seen in Nigeria today where rents and price of properties has increased due to inflation. So buying real estate gives you that hedge against inflation.
6. Control over Investment: Unlike stocks or bonds, real estate investments give you more control over your investment through renovation, management, and strategic decision-making.
7. Tangible Asset: Real estate is a tangible asset, it is something you can see with your eyes, providing a sense of security and stability compared to other investment types.
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