Auchijeffblog is known by majority to be a content writing site that ensure to give you up to date biography and other news update. In this article, just as it is stated below Auchijeffblog will be taking you on a full tour on how to gain or possibly make good come back profit from owning a land.
All you have to do is to keep reading so as to be enlightened because Auchijeffblog will be bringing to light more details about real estate investment. Don’t forget to share this article to your friends so as to keep them updated about recent happenings.
Most people can come up with at least a couple of ways with which they can make money from property, but these are largely going to be conventional and rather run of the mill. Here we take a look at both the obvious and the unusual, giving you the full range of options available should you want to make property work for you.
Here are some possible ways you can make great returns from owning a land/building…and the conventional putting it on rent isn’t one of them.
Table of Contents
Build and Sell
This is the best and fastest way to hit financial freedom, If you are in a high brow area like Abuja. I have a friend that does this, he builds, stays for a few months/years puts it up for sale.The build and sell will always yield massive profits into many tens of million depending on the location you find yourself and how quality you build it depends on how fast a buyer comes.Tip: Make sure the property is in an estate, this gives it added value and enough trust for buyers to take it up without many bias more on this at the end of this piece.
A shortlet Apartment
Your target here is “luxury” you don’t wanna do ppp at all. The interior decor should be top notch, so when you charge high it would be worth it.During my birthday last year, I stayed in a 250,000 per night Villa in Mabushi, I didn’t flinch when I heard the fee, it was entirely worth it and the decor and amenities complemented it.
Once it’s luxury enough in a highbrow area, don’t worry, people will pay for it because.. a lot of people wants comfort and paparazzi, they want to enjoy new designs,They want benefits of their money, added amenities like a swimming pool, Game Center, a private chef on request and cool technology gives them added comfort.
A Guest house
This is usually a low budget shortlet apartment for people and priced lower, but it sells fast, as fee is usually between 5,000 – 10,000. You can easily get people paying for 3 months, 6 months or 1 year for it. Unlike hotels or traditional Japanese inns, the characteristic of a Guesthouse is to keep the service aspect to a minimum, as it contains dormitories (shared room), shared toilets and bathrooms, with no amenities provided, and set the accommodation cost at a low price.
Typically, a guest house will have, if not most, all the functionality of an actual home; running water, electricity, bathroom, living room, bedroom, and a kitchen. An accessory could be a washer and dryer machine, although many guest houses include these as well.
Plaza / Stores
This kind of property must be slated and approved for commercial purposes. In Abuja a store in highbrow area can cost from N2m – 8m per year, imagine having 20 of those in one plaza. Manhattan in Abuja does same, owning several chains of plazas.
While it may include fountains or trees, a plaza’s primary characteristic is a carefully graded and paved floor. Plazas are spatial volumes as much as paved surfaces; they bring light and air into the city, contrasting with adjacent streets that are often shaded due to their narrower width.
A Supermarket
You can build and rent out or build and occupy a space for a supermarket. Supermarket houses day to day items people make use of and some others are taking it a step further selling electronics, food, medicals and just anything. They allow a shopper get everything in one place. Some popular ones are Classic, Next Cash and Carry and H-Medix.
Supermarkets are designed to be disorientating. There are no windows, there’s very bright lighting, and there are no clocks. Most supermarkets feature the same grid layout to encourage shoppers to walk up and down each aisle. Essentials like bread and milk are dispersed around the store
Hostel
Several unit of self-contain or one bedroom apartment will fetch you millions yearly. In Abuja, a self contain in Gwarimpa cost as high as 800,000 – 1,000,000 if it’s in an estate, and a one bedroom cost as high as 1,500,000.A hostel built in the form of a 1 or 2 storey building having over 20 self-contains and located in a schooling environment or a commercial environment will fetch so much annually.
A Recreational Event Center
you need to see the massive crowd at Magic Land Abuja during the festive season, not less than 100,000 people were actively present,Even with an entrance fee of N1000 per person, you still have to buy your own food and drink and also tickets to be able to play the games,The crowd was so much that there were no space to even play any games for us or park our vehicles.
Use it for Agricultural purposes
Preferably livestock farming. It now depends on what is high on demand, I can bet you some of the best things high in demand are fish and chicken, eggs.The demand is always there, you can easily partner with eateries and restaurants to deliver your produce at more subsidized prices.
These are some of the best things you can do on a landed property.The list is in-exhaustive so you can add yours below or adjust any listed above according to your experience and understanding.
Conclusion
In conclusion, Auchijeffblog have been able to put above the profitable mean of you gaining in terms of owning a business.
If you think we didn’t add any to the list feel free to drop comments below.
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