Mercy Home Realty

This here is a 2bedroom flat for a standard average family of 3-5. If you can't buy a bungalow or duplex of N40m & above outright or you are someone who prefers to have control over the aesthetic, pattern or design of your house. Then having this house for a start is okay.

This post is essential for average income earners. 📌

N:B:If you are financially stable and can go for building expensive house there's nothing bad about it but if you can't for now go for what you can build and park in, have your own house: be free from rent and provide home security for your family which is most important. It's possible to build within your income. If you calculate how much you have spent for 5years alone for rent, if you put that money into a property you won't be adding yearly rent to your income as a Financial burden and you can channel your income to own more properties that can generate income to fund your lifestyle.

With N5-7m you can build this 2bedroom flat on your land.
This is a good start for someone who hasn't own a house and is a starter in life.

Challenge yourself this year, it's doable, people are doing it, just make sure you have a guarantee land and professional engineer, you're good to go.

When it comes to construction in Nigeria we give you expert taste. Solid house that can last long. We're here for you.

From tomorrow 30th of May 2024. We are told to return to singing the first Nigerian National Anthem. Does this have any direct improvement on our economy?, Let's see how many of us actually Know the lyrics of the old anthem?.... Food for thought!

𝐇𝐨𝐰 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐠𝐫𝐨𝐰 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐢𝐧𝐜𝐨𝐦𝐞 𝐬𝐨 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐢𝐧𝐯𝐞𝐬𝐭 𝐦𝐨𝐫𝐞 𝐢𝐧 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞

1. **Invest in personal development**: Acquire new skills, education, and certifications to boost earning potential.

2. **Start a side hustle**: Diversify income streams through entrepreneurship, freelancing, or part-time jobs.

3. **Invest in stocks or mutual funds**: Grow wealth through smart investments in the Nigerian stock market or mutual funds.

4. **Participate in the gig economy**: Leverage platforms like Uber, Bolt, or TaskRabbit to earn extra income.

5. **Save and budget effectively**: Manage finances wisely, prioritize needs over wants, and allocate a portion for savings and investments.

6. **Take advantage of tax benefits**: Utilize tax deductions and credits available for real estate investors in Nigeria.

7. **Network and build relationships**: Foster connections with successful real estate investors, entrepreneurs, and industry experts.

8. **Stay informed and educated**: Continuously learn about personal finance, investing, and real estate market trends.

9. **Leverage technology and digital tools**: Utilize online resources, apps, and platforms to streamline finances, investments, and real estate searches.

10. **Set clear financial goals and timelines**: Create a roadmap for achieving financial milestones and real estate investment targets.

11. **Consider partnerships or collaborations**: Join forces with like-minded individuals or investors to pool resources and expertise.

12. **Diversify income streams**: Explore alternative sources of income, such as rental properties, dividend-paying stocks, or peer-to-peer lending.

Remember, financial growth and real estate investing require patience, discipline, and persistence. Start with small steps, and over time, you'll build a strong foundation for achieving your goals.

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Your N0 1 LandguideChief
Mercy Home Realty

𝙍𝙀𝙉𝙏𝙄𝙉𝙂 𝙑𝙎 𝘽𝙐𝙔𝙄𝙉𝙂 𝘼 𝙃𝙊𝙐𝙎𝙀 𝙒𝙃𝙄𝘾𝙃 𝙄𝙎 𝘽𝙀𝙎𝙏❓

Pros of Renting a Property:

Lower Initial Costs: Renting a property typically requires a lower upfront cost, as you are only required to pay a security deposit and possibly agency fees. This makes renting more accessible for individuals with limited savings.

Flexibility: Renting offers greater flexibility, allowing you to move easily when your lease term ends, without the burden of selling a property.

Reduced Maintenance Responsibility: Renters are generally not responsible for major maintenance and repairs, which can save money and time.

Access to Amenities: Many rental properties in Nigeria come with access to shared amenities such as gyms, pools, and security services, providing added convenience.

Cons of Renting a Property:

Limited Control: As a renter, you have limited control over the property. You may face restrictions on customization and have to seek permission for even minor changes.

Rising Rental Costs: Rent prices can increase annually, making it challenging to predict and budget for future housing expenses.

No Equity Buildup: Unlike homeowners, renters do not build equity in the property, and their monthly payments do not contribute to long-term wealth accumulation.

Limited Stability: Renting can lack the stability and sense of security that comes with owning a property, as landlords may choose not to renew the lease or sell the property.

In conclusion, the decision to buy or rent a property in Nigeria ultimately depends on your financial situation, lifestyle preferences, and long-term goals. Buying offers potential long-term investment and stability, while renting provides flexibility and lower upfront costs. It’s essential to carefully consider your priorities and conduct a thorough analysis of your financial capabilities before making a decision. Consulting with a reputable real estate agent and financial advisor can also provide valuable insights to guide you toward the best choice for your unique circumstances. Remember, both buying and renting have their advantages and disadvantages, and the right decision is the one that aligns with your current needs and future aspirations.

Cc:Chapman

No1 LandguideChief

Give us a direct call/Dm on +2340701 301 2651 to consultation on your sales/rental needs today in Nigeria!.

Follow Mercy Home Realty to learn on the pros and cons of buying a property in next series and other valuable real estate/growth/financial tips.

𝙒𝙝𝙖𝙩 𝙬𝙞𝙡𝙡 𝙝𝙖𝙥𝙥𝙚𝙣 𝙩𝙤 𝙮𝙤𝙪𝙧 𝙛𝙖𝙢𝙞𝙡𝙮 𝙞𝙛 𝙮𝙤𝙪 𝙙𝙞𝙚 𝙣𝙤𝙬❓

Have you taught about it and tell yourself the truth or you ignore the fact that death will come and it's either you are prepared and have planned or not and leave your family to suffer the consequence!

The idea of you as a woman living a life of majorly oga dey work make I spend him money or you work to support without ever thinking that one day your husband will answer nature's call and at that point you will be left alone to face and cater for the children financially. God help you, you are sound in health that will be another double phase for the children.

As your husband is alive now have your gotten at least 5 solid real estate tangible asset that you can sell now and use for life saving emergencies?

I have shared the need to have Investment as individual or a couple buying it in your name as Mr & Mrs so each party is secured and backed by legality.

Draft an important plan now that should have a yearly implementation goal for your family and pass this training to your children that every year you buy at least 2 guarantee asset and add to it the following year.

If you have not start buying Investment in your name, you will see it as something difficult to buy in the name of your children too. You will think you have to be a multi millionaire before you can achieve this not knowing it simply takes financial planning to invest not necessarily Wealth.

Stop deceiving yourself as a woman that there is no need to have Investment because if your husband die your husband kinsmen will come and grab them from you.

Fa, fa, fa, fowl! That is gibberish excuse. The more reason you need to start thinking of the welfare of your children and empower yourself now with owning and practically helping your husband to invest in the direct family name as long as you do this and you see the assets documents written. Keep a copy with your lawyer and the original copy in a safe place like the bank if anything natural happens, your husband kinsmen can shout all they can they will lose money to the court that is if they have the money in the first place.

As a husband you think you are doing all the best and good for your family by being the only one working hard. You bring food to the table that's being responsible and fine but don't let this be your lifestyle, don't end here. If you love your children start buying asset now in their name and secure their University and future. Once you leave this Earth that's when you know that no man can take better care of your family better than you.

Follow real profession who will help get guarantee Investment so that anytime you get a new asset you have true peace and sleep well knowing those land and Properties are really there for your next generation.

Wisdom is Profitable unto thee

No 1LandguideChief

Mercy Home Realty