Wednesday, 12 April 2017

THINKING ABOUT INVESTMENT OPPORTUNITIES GOING ON IN IBEJU-LEKKI!!!


BECAUSE IN THE NEXT TWO YEARS FROM NOW, YOU WOULD WISH YOU HAD A PROPERTY ALONG THE LEKKI FREE TRADE ZONE IN IBEJU LEKKI...


The good News is that this axis is going to be the next DUBAI OF AFRICA.
These Properties in the nearest future would be more expensive than LEKKI PHASE 1 & 2, Victoria Island and Banana Island..


This is the right time for you to position yourself for the Future..


NOTE: Buy when others are buying & also sell when others are selling because if you are wanting to look what the future of this area will look like, you will end up buying from those who bought on a promo price & buy then you don't have the choice not to buy 10time's of the price them get the properties or you will end up becoming story teller..

HOW TO GET START & BUILD UP YOUR OWN INVESTMENT IN THE NEW LAGOS...
 
Contact Brightel Properties Ltd for more details on inspection booking on all of our available properties and promo prices..

+2347034258290 (Whatsapp)
+2348171590399
+2349024952291
+2348157200529..

THE NEW DUBAI OF LAGOS…


The Epe-Marina Lagoon reclamation project is a complete redevelopment of project site to facilitate development and promote tourism
Governor Ambode, who equally inspected the on-going dualization of about 25 network of roads in Epe, said the massive investment of government in the area was part of the grand plan to transform the axis and same was in line with the Lekki Free Trade Zone (LFTZ) project. He expressed satisfaction with the level and pace of work done so far, saying that the quality was of international standard.

However, observers, especially, real estate practitioners, expressed optimism that the projects, upon completion, would decongestant the heartland of Lagos as people would be encouraged to move to Epe and Ibeju-Lekki axis. “And by implication, land will continue to appreciate as the axis is one of the best terrain for real estate development in Lagos State”,
Ambode was also of the same optimism by saying that with the expansion, the whole lot of Epe and Ibeju-Lekki axis will be developed. “We are inspired to see how we can look at the phase two of this project as quickly as possible. This road dualization is expected to be completed in 16 months but because we are ahead of schedule, we are looking at the first quarter of next year. “With this, we have just injected 30 kilometers of standard roads into Epe and the meaning of that is of course changing the economy of Epe Township, real estate will be boomed and we are encouraging commerce and industrialization.

“This project is the backbone of the Lekki Free Trade Zone, Deep Seaport and the proposed Airport. All the State Government is doing is stimulating the economy and that is what is happening here,” he said. However, the road network project stands out as one ambitious vision that has come to place Epe on the map of the fastest growing community in Lagos with the possibility of attracting migration from the metropolis...

Courtesy Engr. Henry Ezebuike

WISE SAYING FROM GREAT INVESTOR'S...


“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.


“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
-Franklin D. Roosevelt.

TRUE LIEF STORY…

Once upon a time, Mr Gabriel living in Lagos was preparing to travel to the states. As a wise investor, he decides to invest some money in property in Lekki by buying some plots of land.
This was in 2001. He contacted the realtor who showed him some choice locations at N6m/plot.
"This is expensive. It will take 30yrs for this to develop" - Mr Gabriel lamented.
He traveled without buying the property. After 15yrs in the states, he returned to find out to his bewilderment that Lekki has developed beyond his expectation.
He called his realtor to get him a quote. "I have some brief Mr Gabriel and the cheapest among them is N120m/plot" - The realtor said.
Mr Gabriel was shocked. He didn't take the realtor for his words. He searched around and found out that it was true.


Lesson 1: "Don't wait to buy land, buy land wait"
After frantic search, he was able to get an offer at Ibeju-Lekki for N1.5.m/plot. He's going to buy 50 plots this time. He has learnt his lessons. He told the realtor he will be paying the next day. He forgot. After a week, he called to initiate the transfer and he was shocked to hear the estate was sold out.


Lesson 2: "The Land you inspected yesterday and planning to pay today is the same land someone inspected yesterday planning to pay today.
He ended up buying a property nearby for N2m/plot against the N1.5m.
Don't be Mr Gabriel.
Ibeju-Lekki is presenting a unique, fantastic opportunity to you today. Her development rate will be faster than that of Lekki because of massive projects like Lekki Free trade zone, Lekki Deep Sea port, The Dangote refinery, Lagos smart city and a whole lot.

WHERE DO I INVEST?

This is a question people who are interested in investing in properties often ask. Many ask to do their maths before making the leap.
In determining where to invest in Lagos or in Nigeria we will need to consider a key factor: Location
Lets look at the word LOCATION and the role it plays in real estate investment.




LOCATION: It is the largest variable in the home/Properties ownership equation..

But why does location matter so much?The age old punch line "LOCATION! LOCATION!! LOCATION!!!." Still rules and remains the most important factor for profitability in real estate investment. It is almost impossible to move a home or a land. Hence, when you buy a land or a house in a good location, you buy a solid long-term investment.What exactly makes a good Location?Proximity to amenities, peaceful conforming areas, neighborhood status, perception etc. are major factors for residential property valuations. While proximity to markets, warehouses, transport hubs, freeways, tax-exempt areas, etc. play an important role for commercial properties valuations.It is important to not only consider the current viability of a location but also the future viability.For example, a N15m land purchased in 2003 in Lekki, is worth more over N80m today. The rate on returns on investment can't be compared to a N1m Land bought in Mowe at the same time. Price appreciation is the biggest and measurable financial benefit to property investors.For details on strategic locations to invest in, contact:BRIGHTEL REAL ESTATE & PROPERTIES MANAGEMENT Ltd..

WHATSAPP:- +2347034258290
EMAIL:- brightelproperties@gmail.com
SKYPE:- Brightel Properties
FACEBOOK:- @Brightelproperties

INVEST WISELY!!!



Tuesday, 11 April 2017

HOW TO PROTECT YOUR HOME FROM DEMOLITION- THE POWER 💪🏻 OF A GAZETTE


A very common word “land sellers” use when dealing with investors is the word “gazette”
When potential investors ask for the title on a particular land, in some cases you hear things like; “it is gazetted” or “it has a gazette”.
This is one very confusing document that most investors (especially first-time investors) know absolutely nothing about.

Most land buyers in Nigeria who do not understand the real estate industry do not know what a gazette looks like, its advantages or its disadvantages.
Well, that’s about to change…
A gazette is a very important document that could prevent your home from being demolished anytime in the future.
Now before we explain what it means for a piece of land to be gazetted, let us briefly look at the history of the word itself as it pertains to real estate.

Before the land use act was passed in 1978, lands belonged to powerful traditional families who had absolute power to do whatever they wished with their lands.
This made it difficult for individuals to purchase land as the families only gave out these lands for rent or lease but still had total control over the lands.
This led to the creation of the Lagos Executive Development Board which allowed individuals to acquire land directly from the board in exchange for a sum of money without having to meet these families.
This did not stop the families from selling their lands and did not solve the problem totally as these families remained powerful and had exclusive rights to choose which land they wanted to sell and which they wanted to keep.

This made land very expensive and difficult to acquire and it caused a lot of dispute between individuals which then led to the declaration of the Land Use Act in 1978.
This law entrusted all lands in the federation into the hands of the government and made the governors of the states, custodians of lands in their states.
In other words, the governor of a state is the owner of all lands in the state.
Individuals could now directly obtain land from the governor and the governor in turn could allocate lands to individuals and issue a certificate of occupancy.
Now because the governor is the custodian of all lands in the state, he has the power to acquire lands designated as “urban areas” for the use of the public or provision of amenities.
Details of any land in such area that has been designated as an urban area is then published in an official government record book known as a gazette.

“A gazette is an official record book where all special government deals are detailed and recorded”
So what happens to the traditional families?
The families who own these lands originally, can apply to the government to release a portion of the land for them to use for specific purposes.
The government in turn will then cut out a portion of the expanse of land that is not under committed acquisition(hyperlink) and release it to them in form of an excision.
This usually takes a formal process.

The excised land will then be recorded and documented in the official government gazette of that state.
“Excision simply means cutting out a part from a whole”.

Illustration:

For example if an area is estimated to be 200,000 square meters and the family who originally owns the land applies to the government for 90,000 square meters, the government will look into the application and determine if the land falls within a committed area and the portion of the land it can give out in form of excision.

The government may end up giving the family say 50,000 square meters in the form of an excision.
The portion that is given to the family in form of excision is then registered in the official government gazette of the state and the family can get a copy of the document.
From this point, the family or whoever owns the land can easily process a certificate of occupancy for the land.

The excised land which has been registered in the official government gazette is then said to be “gazetted”.
Any land that has a title that says “gazetted” is free from government encumbrance and can be considered genuine if the portion that is being sold to you is within the area that has been excised.
If the government has a need to encroach on the land, then they would have to pay a compensation to the owner.

A Gazette is a powerful document and can be used as land title in place of a certificate of occupancy.
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Monday, 10 April 2017

HOW TO INVEST IN REAL ESTATE

Real estate investment is considered to be one of the safest, due to the appreciating values of property around the world. Interestingly, when compared to other forms of investments, the real estate depreciation rate is very low. This is ideal for prospective investors to generate profit through rents or leases of varying lengths.

As an attractive investment opportunity, not everyone can invest in real estate. However, if you want to venture into property, there are simple ways to approach your investment.

Starting small – If you do not have large purchasing power, you can start with buying property in the suburbs and work your way up to purchasing in the city. Buy land for low rates in suburbs and wait until the demand rises and the price appreciates before you sell. This involves a lot of patience. Also you can buy a property and put it up for rent or lease, thus obtaining a fixed monthly income. Ask a professional, who has a keen eye for satellite towns and areas with development potential, for help. This expertise will go a long way in ensuring the amount of profit you can make from re-selling land to new owners. 

Join a cooperative – Cooperatives are a good way of getting affordable land, as members contribute small amounts to buy large portions of land in semi-developed locations. You can resell your plot of land once it has been allocated or gradually develop it, before it is put on the market for sale or lease. Buying as a collective is also a good idea as the purchased plots can be developed at a similar pace. 

Build a small house – Sometimes, it is more viable to sell a property than just a piece of land, as the margins are higher. If you have a plot of land, erect a structure on it before putting it on the market. It could be just the foundation of a house, but this increases your bargaining power and property value when transferring ownership.

 Get a trusted developer – Property developers have an eye for developing properties. Usually, the developer holds the property for an agreed period of time to recoup his investment before ownership reverts to the owner of the property. If you have a landed property, it can be put on the market to earn some extra cash..


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