Every now and then persons trying to make up their minds where to put their money ask me if real estate ventures are more or less profitable, compared to other businesses opportunities around.
My response is always that apart from its potential for yielding significant profits, investing in Gold Coast real estate services often confers long terms benefits.
Five such advantages are given below:
1. You Can Refurbish (to Enhance the Value of) Real Estate
After you buy a stock, you hold it for a period of time and hopefully sell it for a profit. The success of the stock depends on company management and their corporate success, which is out of your control.
Unlike other conventional investment instruments, like stocks, for instance, whose rate of returns, depend on third parties (e.g. company management), real estate investments are directly under your control.
Even though you will not be able to control changes that may occur in demographic and economic aspects or impact of nature induced changes, there are many other aspects that you can control, to boost the returns on your investment in it.
2. Real Estate Investing, When Done Right, is Proven to be Profitable Even During a Recession (like the one we're in right now)
It has on several occasions, been used to effect a bailout, from financial setbacks, such as those that many have experienced during the economic downturn happening in Nigeria today.
A considerable number of clients have confided in me that due to the present economic situation, they are not sure of profitable channels to invest their money. Some of them are done with bonds and treasury bills but are in dire need of new investment.