Are you wondering if land is still a good investment in 2022, and why you should put your money in landed property in Nigeria, We all know Nigeria's economy keeps getting worse day by day, In fact, the economy is crashing worldwide due to so many disasters happening around the world, there is nothing like a safe business investment because anything can happen, So while we hope, that things will get better and can not even predict what might crash tomorrow, I am here to tell you that no matter how the economy is getting worse, it's not the same with real estate, Want to know why?, we all need space, (A space to reside, lay our head, a space to run our business and other day to day activities. Therefore, land will forever play a role in our society.
From ancient times, owning land was associated with status, wealth and prestige. Next to gold, it was the surest way to gain wealth. As we moved into advanced times, a ton of other speculative options emerged. Options like stocks, securities, fixed storage, shared reserves, advanced or digital currency bitcoin ethereum provided financial backers with different ways to stop their money. However, out of these, Real Estate remains actually one of the most reliable and recipient roads for a long haul compared to these other choices, a beneficial type of venture. Land is a need since everyone needs a place to reside, and interest in land deals with this issue and gets what is in store. This article expects to talk and look at land advantages, how and why it is considered a wise venture.
One reason land appreciates in value is that land is a finite resource. As populations and economies grow, more people and businesses want to live and work in close proximity to each other. As a result, more land is needed to meet these growing needs. This drives up the value of land because it is in high demand.
Another reason is that land is unique. Unlike other assets such as stocks, bonds, and gold, land is not subject to market fluctuations. This makes it a more stable investment, which increases its value.
Finally, land is an essential part of our history. Our ancestors were able to survive and build civilizations because they had access to land. Land was also a source of food, water, and materials. Land is still important today. It is a source of income for farmers and businesses, and it is a place where people can live, work and play.
Since land already exists, no initial investment or labor is required, and since land is abundant, not as many resources are required to produce a given amount of goods or services.Land can be used to produce a variety of different goods and services, As a landowner, you need not worry about maintenance and repairs. Why worry about things like leaky roofs, painting, HVAC, or other costs associated with other real estate like dealing with problem tenants? What about toilets, bugs, mold, lawn care, leaky roofs, burst pipes, broken furnaces and the hundreds of other problems that come with owning buildings? Vacant land doesn't involve ANY. Once you buy it, it sits there, behaves itself, and nothing happens. Since there are virtually no maintenance costs and taxes are generally very low, you can hold the property as an asset indefinitely; this makes it a very valuable asset that requires a minimum of work.
There are many reasons why investing in land can be a passive income opportunity. The most important reason is that land is a finite resource. Unlike stocks or other investments, land cannot be created or destroyed. This means that your land can provide a reliable income stream. The best way to make money from your land depends on your location and the resources available to you. However, some of the most common ways to make money from your land include selling access to the land, leasing, developing the land, or harvesting natural resources. And farming on it
If you are considering any of these options, you should first determine the strengths and weaknesses of your land. For example, if you have a large piece of land that is perfect for development, consider partnering with a developer who can help you implement your idea, or you can also farm or raise livestock on it, which in turn will generate income.
In addition, land can be used for a variety of purposes, which means it can provide a steady stream of income even when the market is volatile.
4. Land is a relatively safe investment
Land is a safe investment for several reasons: unlike other forms of investment, land cannot be destroyed quickly or easily. Compared to gold and other digital investments land cannot be easily stolen or altered, and even in times of economic instability, land is likely to retain its value. Land is an easily accessible form of investment. This means that even if the stock market falls, you can still buy land and enjoy the benefits of its stable value. land is not subject to the whims of the stock market. When we own land, we can be sure that it will be there for us when we need it.
While many people view retirement as a time of rest and relaxation, it can be a very uncertain time for many people. For many retirees, their retirement income is their only source of financial security.
The vast majority of retirees rely on their primary residence as their primary source of retirement income. This is because most retirement plans are based on primary residence rather than income from other sources.
If you do not own your primary residence, it can be very difficult to earn enough income in retirement to live comfortably. This is because many retirement benefits are based on income from your primary residence, which would greatly affect your children's future and their well-being. Investing in land is a sure way to secure your future.
In conclusion: Land should be considered an important part of your life. With land, we can be safe.
Written- stephen babalola
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