No. 1 Rule of Real Estate Investing in Nigeria



The PLAR Rule of real estate investing is a vital rule that predicts the success of a real estate investment.

P is for Purpose: Do you want to build a residential or a commercial property or you want to go into land banking.

L is Location: The purpose of your investment determines the location of your investment. You should locate a residential investment in a location with good school district, low crime rate, good water supply e.t.c

A is Amenities: An investor should consider the amenities available in a location before setting out to invest in that location.

A residential property should be situated in a location with amenities like perimeter fencing, drainage, water supply and electricity.

Commercial properties are to be in an area with good road network. This is because business owners are concerned about the ease of movement of goods.

R for ROI: The ROI of an investor is greatly determined by the location of his investment. To know the ROI of a location, investigate the price trends of the neighboring properties.

NOTE: ROI of a property is return on investment which is the future value of a property minus the present value.

Novarick Homes Land in Ibeju-lekki and epe.

Wazobia Courts Phase I and II
Located at Bolorunpelu, Ibeju Lekki.
Neighborhood includes the lekki free trade zone, dangote refinery, proposed 4th mainland bridge, proposed international airport.

Do you want this?

Click here

Nova Gardens
Located at Ilara, epe lagos development. Neighborhood includes the epe alaro city, epe resorts and spa, St. Augustine university.

Do you want this?

Click here

Contact for further enquiries and expert advice.

0903 124 8152
bibrahim@novarickhomes.com

source

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