Want to know how much ROI you can get from your land? Read this.
Will this land increase in value and when is the ideal time to sell? is one of the main queries investors have when purchasing land in Ibeju Lekki. The last thing you want to do is purchase a specific plot of land in Ibeju Lekki with no plans to build on it and then wait an eternity for its value to increase. So how can you tell whether the land will sell for a lot of money? Here are some helpful hints.
Does the estate have any notable landmarks nearby?
Whether they are coming for business or pleasure, landmarks inherently draw more people. The government concentrates on the creation of capital projects in an area where more people keep moving. Inadvertently, this will raise the value of every property around.
Most likely, the value of properties near the Dangote Refinery, Lekki Free Trade Zone, Pan Atlantic University, La Campagne Tropicana, and other significant developments in Ibeju Lekki will rise more rapidly.
What prospective changes are there for that neighbourhood?
The majority of the time, the government designates a region for the development of roads and industries due to a variety of factors, including the availability of land, a strategic location (Ibeju Lekki’s location along the shoreline spurred the government to carve out over 10,000 acres for the Lekki Free Zone and the new Seaport), and how soon these developments will take place.
For instance, Windspring Estate is situated in front of a planned “superhighway” that would link the Benin-Sagamu expressway to the Lekki free trade zone and is expected to be finished in the following three years. As a result, investing in Windspring Estate is quite appealing.
What is the land’s title?
If the land does not appear on any region that the government has designated for development, even if it costs more than one without a title. However, this does not imply that all purchases of excision in progress lands are dangerous; you only need to do it through a licenced and authorised real estate firm. However, purchasing land on a government-excised property like Windspring Estate (Gazette title) and the Doux Park (Freehold title) eases your mind.
How far along is the neighborhood’s development?
Lands near existing development and a flourishing town are likely to appreciate more quickly than those tucked away in a forested location. Although it will take longer, this does not always imply that a piece of property in an underdeveloped area won’t appreciate in value.