The most basic real estate investment strategy is “land” investment. “Land” is one of the oldest property types to exist. Since the days of old, man has always traded landed properties and throughout the years this form of investment has proven to be a reliable source of income. In the Nigerian real estate market today, there are several real estate investment opportunities available, however, none of these investment opportunities can compare to land investment. This is because it offers versatile options on how to utilize your property.

The concept of investing in land and purchasing a piece of land is one that is not well understood in Nigeria. Quite a number of people do not completely understand how land buying works and even fewer people understand how investing in land is a smart strategic move for diversifying your portfolio. Trust me you don’t want to be one of these people. People often ask several questions about investing in landed properties like; Is buying land a good investment? What are the benefits of owning a piece of land? Why should I buy land? Or How do you make money buying land? The benefits of investing in land are endless. However, there are factors to consider when investing in a property if you are looking to make good returns.

1. Versatility and Options: Owning a piece of land provides you with diverse options, it is flexible and can serve several purposes. Land can be used for residential and commercial purposes. You can decide to rent, sell, or develop the land depending on your financial expectation and ability. Deciding to rent out your land for the construction of commercial buildings means two things; you are guaranteed a steady income and an increase in property value. Selling the land to commercial or residential investors for added value after some years is another option.

On another hand, the land can also be used for farming and livestock purposes. As a landowner, you have the option of either renting your property out for a number of years or for farming purposes. This serves two main purposes for a landowner, generating money from rent and from appreciation.

2. Land Increases in Value: Over the years the value of land is said to double or triple as times go by and only those who purchased would reap its long-term benefits. One fact is that land when purchased in the right location, has no depreciating value. For this reason, it is a perfect real estate investment strategy. Land is a very veritable resource; it can never depreciate in value. In Nigeria, deciding to invest in land means investing in an asset that cannot be destroyed, moved, or affected rather it would appreciate as development keeps coming to the location.

3. No Competition: The beauty of land is that it differs so there is little or no competition. There are several sizes, location, and even shape that it is near impossible to get the exact land. Compare that to property owners who have to stay afloat in the overcrowded property market. Deciding to invest in land means you would not have to burden yourself with the never-ending process of bidding with other competitors.

4. Limited Management Issues: With an investment in land you don’t have to worry about maintenance, unlike residential and commercial properties. Lands require little or no maintenance but in the case of properties, a lot of energy and money is set aside for maintenance. For maximum profit to be guaranteed in purchasing land, one important criterion if not the most important is that the land has to be suitable for construction. There are certain investors who are too busy to deal with tenants, maintenance, and managerial issues, land is a great strategy for making money in real estate passively.

5. Investing in Landed properties provides you peace of mind: Land is a tangible asset which doesn’t depreciate, wear out over time, or get stolen, owing to this fact, it provides you with the peace of mind you need knowing your investment is secured and you don’t have to be burdened.

Land is a tangible asset and it is easy to purchase. Land requires little or no maintenance, unlike other real estate facets. Land ownership requires no additional work from you, leaving you with peace of mind. This real estate niche has low competition and is just waiting for you to get involved. Land as a real estate investment strategy is possibly one of the best options for investors who are not cut out for the hard work of residential real estate properties.

“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”
-Theodore Roosevelt

“It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.” ~Donald Trump

“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”
-Theodore Roosevelt

Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.”
-Winston Churchill

“90% of all millionaires become so through owning real estate.” Andrew Carnegie

“It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.” ~Donald Trump

Everyone wants a piece of land. It’s the only sure investment, it can never depreciate like a car or a washing machine.” Russel Sage

“If you don’t own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home.”
John Paulson, investor and multi-billionaire

“When you invest, you are buying a day that you don’t have to work.” Aya Laraya

“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”
-Theodore Roosevelt

Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.”
-Winston Churchill

“Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.” - Armstrong Williams, entrepreneur

“90% of all millionaires become so through owning real estate.” Andrew Carnegie

“You will come to know that what appears today to be a sacrifice will prove to be the greatest investment that you will ever make.” Gordon B. Hinkley

Everyone wants a piece of land. It’s the only sure investment, it can never depreciate like a car or a washing machine.” Russel Sage

“90% of all millionaires become so through owning real estate.” Andrew Carnegie

“Owning a home is a keystone of wealth… both financial affluence and emotional security”.
Suze Orman

“When you invest, you are buying a day that you don’t have to work.” Aya Laraya

The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.” Robert Kiyosaki

“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”
-Theodore Roosevelt

“You will come to know that what appears today to be a sacrifice will prove to be the greatest investment that you will ever make.” Gordon B. Hinkley

Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.”
-Winston Churchill

“When you invest, you are buying a day that you don’t have to work.” Aya Laraya

The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.” Robert Kiyosaki

“You will come to know that what appears today to be a sacrifice will prove to be the greatest investment that you will ever make.” Gordon B. Hinkley

Everyone wants a piece of land. It’s the only sure investment, it can never depreciate like a car or a washing machine.” Russel Sage

“90% of all millionaires become so through owning real estate.” Andrew Carnegie

Land monopoly is not only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.”
-Winston Churchill

“90% of all millionaires become so through owning real estate.” Andrew Carnegie

The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.” Robert Kiyosaki

“It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.” ~Donald Trump