Christmas is here again!! People have been known to spend lots of money this season as different expenses have been known to mount up and even increase during this special season. As a real estate insider, you can take advantage of lots of opportunities that spring up with the season. Below are some of the opportunities you can take advantage of:
Take advantage of the promo season: Developers, land brokers and even realtors have been known to give out promos this period so this is definitely the time for you to buy lands in areas like Ibeju-lekki, Abijo, Sangotedo and environs at a much more discounted price. Some land brokers even throw in more like trips to exotic places like Dubai and more.
Take advantage of the return of Nigerians in Diaspora season: This season lots of Nigerians in Diaspora return home and look for places to lodge their family that would not cost as much as the hotels and would feel more like a home. You could take advantage of the season by letting your homes out to these returnees for 1 week to 1 month. Short-stay apartments in areas such as Lekki, Ikoyi, Victoria Island or Ikeja has fetched owners of those homes between 40,000 – 160,000 per day with a minimum stay period of 3 days. This could be a very good chance for you to invest in real estate and make more than you spend for the period.
Rentals are on the rise: Although the real estate market is currently going through a buyers’ drought, rentals during this season are always more as lots of leases end during this period. As a landlord, this might be that period when you get that property that has been in the market for months rented by offering the property at a lower rate that would still give you the highest return,
Buyers are prime for the market: Real estate buyers at this time of the year are usually ready to make their buying decisions when presented with the right price. Although this is a good buying period, sellers have to be very careful not to over-price their properties as this might be a huge deterrent all on its own.
In the real estate market, it is very important that as an investor you always watch out for buy-in and cash-out periods due to the fact that missing either of those periods could help you become the best real estate investor you can be.