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  The same way there are wrong ways of investing in other business sectors, is the exact same way within real estate, and it all starts when an investor lacks the very basic knowledge and understanding behind the investment broker to investment and profitability correlations. It’s quite simple, as an investor before putting money into any kind of business, you need to understand that an investment is the act putting money, asset, time or effort into something, in this case a business, and doing so in expectation of a sort of profit, gratification or any other kind of satisfaction, also one need to understand that an investment broker is a firm or person who is firstly meant to be more knowledgeable about the business than you are, and secondly monitor the affairs of your money, asset, time and effort in that business. So two things you must know and understand properly are the; 1.      Type of returns you are expecting from such a business and 2.  ...

  Quickly now, Have you ever wondered why recently, there has been a serious increase in the cost of housing within Lagos state and its neighbouring states, especially how apartment rents have tripled in the last 10 years, like why is it that way? Is it because of the exchange rates or economy? Is it due to little to no regulations? Well the fact is; it was bound to happen, why? Simple and for the lack of a better phrase, “the World has its eyes on Africa”, and guess what else, Lagos is unconsciously expected to be the nucleus of what is coming. Let’s start by referring to the big apple, talking about the vibrant city of Newyork, a lot of Africans, particularly Lagosians are yet to come to terms with the fact that Lagos will be expected to be to the entirety of west Africa, what Newyork is already to America, talking about the buzzling population and business, in Newyork, renting an apartment is super expensive, a 2 bedroom apartment goes for at least a million naira monthly, t...

  Have you ever wondered why some spaces are small and comfortable, while other spaces of the same size just feels super inconvenient and uncomfortable, well stop worrying, as we will be looking at one of the concepts that guide proper spatial allocation when designing, planning, leasing, buying, selling, or renting real estate properties. The truth is a lot of building and real estate consultants are not aware of the fact that there is a huge difference between usable spaces and available spaces, in terms of square meters or feet that is, this means when a space is said to be about 100sqm, it does not immediately mean a 100 square meters of usable space, but just a 100 square meters of available space, and not understanding this simple thing continues to cause issues within real estate, as people start doubting each other’s credibility simply because two different space said to be the same square area, practically look and feel different. What is a usable space? In real estate...

  Earlier we looked briefly at land valuation, and just like land, when it comes to building property valuation, all determinants are categorized under location related factors and economic factors, which addresses the issue of property demand and supply, now looking in debt at some of these factors when it comes to building structures, we also find some things interesting: 1       ARCHITECTURE QUALITY: This is what determines the initial public offer in valuation before any other factor is considered, the architecture style from interior to the surrounding landscape, and most especially the building’s design exterior. 2      USABLE SPACE: This is referring to the actual usable space minus circulation, this is as a result of poor spatial design allocation within most buildings, especially when you come across a 200 square meter property having only 100 square meters of usable space, at Built-Advice, we believe for residential bui...

Quickly now, we will be looking at land valuation determinants, although when it comes to anything property valuation, all determinants are categorized under location related factors and economic factors which addresses the issue of property demand and supply, obviously when demand is higher than supply, it causes an increase in valuation, but looking in debt at these factors when it comes to land, we come to find some things interesting: 1.      PROXIMITY TO LANDMARKS: This is practically one of the simplest or easiest ways to increased or in rare cases decreased land valuation, as nearness to notable or popular landmarks can help your land valuation 2.     DEMOGRAPHY: Another easy way to increased valuation is the demographic nature of the environment, be it by age, race, tribe, citizenship, income class, the more notable the better 3.     ROAD NETWORKS: This is probably the most popular determinant for land valuation, as p...

  In life, human needs are never thought, they are usually realized over time, a child is never thought she or he needs air to breathe or food to eat, the hunger for both comes naturally, same way over time young adults, the need to make or earn a living comes up, for many especially those who plan to one day have a family or already have one, there is going to be a desperate need for shelter, that is owning a house. The problem with satisfying this need is the fact that not many understand how this need is exactly met, why? Simply because there is a huge veil of ignorance blinding many, this veil is what makes many weigh their personal wants over their need when it comes to owning a house; this is why I felt the need to write on owning your first house. The basic truth no one tells you, is that there is a huge difference between your first house and your dream house, a lot of people think they are the same, hence why you can find a 40 year old with an averagely good job but yet ...

  The word “affordable” is one of the most abused words in the African real estate market, one would expect for something to be inexpensive or at least have a reasonable price when tagged as affordable, but a complete reverse is usually the case. This is what has set the grounds for this topic, as we will be carefully looking at the concept of affordable housing in relation to Nigeria’s five income classes, Yes five, these five classes can later be categorized into 3 classes, they are; Low income class, with an annual income of #480k and below Lower middle income class, an annual income from #480k to #6m Upper middle income class, an annual income from #6m to #12m Upper income class, an annual income from #12m to #120m Elite income class, with an annual income from #120m and above These 5 classes as you guessed it can further be categorized into 3;   Low income class, which comprises of a staggering 80 million of Nigeria’s 200 million citizens, that is 40% of the total...

Quickly now, we will be looking at the socialist idea behind the feasibility of long term mortgages in Nigeria, using the United states of America as a short case study. Let us note that we will not be going into too many serious details, but simply exploring the idea and its possibility in a country like Nigeria. Firstly we must notes for those who are not aware, that there have at different points in the history of Nigeria, been long term mortgages available to the public, but the obvious infestation of vested interests did not make it a successful venture for real estate investors. A mortgage is simply a legal agreement where a bank or entity lends money, product or services at an interest rate, while holding on to an ownership title or deed of a property or asset, be it a physical or intellectual asset. In general real estate practice, it is a process by which a bank or authorized real estate body/society lends money to approved individuals, to make a real estate property availab...

Quickly, now have you ever wondered what the risk levels are on different businesses?, well say no more, the following outline shows the average success rate on percentage in Africa, for different common businesses you can potentially put your money, time, and intangible assets into; ·          Farming – 40% success rate ·          Tech – 20% ·          Importation – 35% ·          Domestic retail – 50% ·          Mining – 20% ·          Company shares – 30% ·          Oil related services – 15% ·          Real estate – 95% ·          Entertainment – 2% ·          Cosmetic r...

How muc h do real estate investments make?, as long as this question is not properly answered, a lot of potential investors will continue to remain reluctant, but truthfully how much do real estate investments make? Well it generally depends on 3 major categories of investments, they are; ·          Land and property hoarding ·          Property development, and the most popular category ·          Property ownership These 3 categories are generally the most common and easily accessible type of real estate investments around. The first category has been known to set organizations, people and families up for a large payday, when a land or property has been properly hoarded for the right amount of time and market demand, the land or property can go up to a 10 times the value or more, this is usually after 7-8 years at least depending on the location. The second i...

I have seen and heard people tell their stories about how they missed their opportunity to invest in real estate, but the truth is the same way there will never be a better time to succeed than when you have just tasted a defeat, there has never being a better time start to investment in real estate, if not for you, but for your children. The country’s economy is currently trying its best to recover from a recession, and coupled with the pandemic outbreak, things and circumstances have not being more perfect to invest in the real estate sector, as it is always the first to go and last to come back in a recession and recovery. Do not be fooled, there is no such thing as a perfect time to buy land and property, only procrastinators say that, there is also no such thing has waiting for a place to be discovered or grow, the moment a place is “publicly” put on sale, it means, it has been discovered and it will grow at least 5-10 times in value within the following 10 years; that is from the...

Finally now, The beauty of this investment option is firstly it can have the highest returns and the lowest returns almost going into the negative, it can be the most flexible and the least flexible, it can also have the heaviest development to the smallest development involved, it can be one of the easiest but not necessarily the hardest when it comes to maintenance and management. Probably the only good thing about it is it has the longest viability term depending on personal interest and choice. This option is advisably only open to existing land owners of any plot size in a 3-5 star location, a 4-5 star location can get a 50% to 100% annual return, while a 3 star location will get a 30% to 75% annual return, the larger the plot size the better your return. If you do not own any land, it is advisable you do not bother with this option, because your returns might be almost negative. If you are in need of help or want to make some inquiries, feel free to send a direct message or p...

Quickly now, This type of investment is the safest and by far the most flexible real estate investment option when compared to the rest as outlined, why?, because it is the easiest, with almost zero risks and not many physical developments involved, although it has a slightly high maintenance and management need if you are to get your ROI. Its viability term is also somewhat long depending on the scale of investment, going up from 35 to over a hundred years, also depending on personal interest and choice. In a 4-5 star location, you can get up from a 50% to 500% annual return, a 2-3 star location will get you a 25-100% annual return, while a 1 star location will get you a 15-30% return. As good as it sounds, this ROI classes are only open to existing land owners of any plot size, the large the plot size the better your return. If you do not own any land, your return on investment might be averagely between 15-40%, depending on just location and management style.    If...

Quickly now, This is practically the best real estate investment option of all, and it has recently grown a lot of popularity in the real estate sector, as it has the highest possible return on investment. The issue with estate development is that it employs the strongest need for management, as it entails designing and construction, then selling at an unfixed profit margin, hence the need to employ the full management of a property development company like built-advice, as it is an overly full time job that you cannot run without professional assistance. This type of investment unlike others has no viability term, as it basically involves developing different types of properties, usually residential buildings and estates, then selling at a profit. The issue with it though is its return on investment is unpredictable, and so it cannot be fixed, but you can hope to sell within a 2-20 year term, depending on the type of development and payment style. Although it is very low risk, the u...

Quickly now, This real estate investment option is very uncommon hence why its market demand is somewhat higher depending on the location, like other investment options asides residential properties, it also has a strong maintenance and management need, particularly in terms of security and insurance. This option also have an averagely long viability term of up to 50years or more depending on management, as unless the property owner decides to use it for something else, it is almost impossible to force a storage facility out of business. In a 4-5 star location, a storage property when properly managed can have an annual ROI up from 15 to 25%, a 3 star location will also get a 12-14% annual return, and unlike other investment options, even on a 1-2 star location, a storage property will still have at least a 8-12% ROI. If you are in need of help or want to make some inquiries, feel free to send a direct message or put a call through using the cell digits provided, and you will get d...