Interesting Reasons Why You Should Consider Buying Property In 2021
With the coronavirus pandemic disrupting so many plans and sectors of the economy across various countries last year, one may begin to wonder if they can still achieve plans like buying property that they could not achieve last year due to the many challenges.
If you were planning on buying property last year but could not, you may begin to wonder if it would be a wise decision to consider doing so this year or just put a stop to it altogether.
There is no clear picture right now that can guarantee how this year’s housing market may look like. However, one thing that is certain is that buying a property or properties would always be a good idea because it is always going to be a cash cow.
There are a number of things you can do to make money for yourself when you invest in housing this new year. If you are sceptical about what to do with your property in 2021 take a look at these opportunities;
List them as Short stay and Vacation Apartments on Multiple platforms like Airbnb and Propertydome
Although short stay and vacation apartments were not popular in Nigeria in the past, it is now widely accepted that some people prefer booking short stay apartments to hotels. You can decide to turn your property into a short stay or vacation apartment and make good money from it. People rent from days to a week and even a few months and the higher the stay the higher the rent.
There are a number of platforms where you can list your property like Airbnb. Airbnb is an online marketplace which lets people rent out their properties or spare rooms to guests. The international company which went public in December 2020, also operates in Nigeria.
Propertydome also accepts short stay apartments listings, for more information send a mail to info@propertydome.com.
Consider Indoor Farming
Indoor farming or hydroponic farming is basically an innovative method of growing plants without traditional potting and soil mixing. All you need for these kinds of plants is a hydroponics system, hydroponic nutrients, an inert hydroponics medium, a light source, enough water and plants. People are already taking up the idea in Nigeria as it is becoming increasingly popular if you have a property just laying around without anyone living in it you should consider indoor farming because this is the future of farming.
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House Flipping
This is another major opportunity for you if you want to buy a house for investment purposes. House flipping is when someone buys a property and holds onto it for a short time and then sells it (the flip part) in the hopes of making a profit.
For instance, one can buy a property for 30 million and sell for 40 million. The goal of house flipping is to buy low and sell high, invest your own sweat equity to cut costs and earn a profit in a relatively short amount of time — usually within months or a year.
Recall that Propertydome had previously published an article on “Why Is Buying A House Such A Good Investment?” Right from time, people have often regarded the buying of a home as a good investment. This is largely because of the fact that it does not depreciate in value, unlike a car for instance.
There are a number of reasons buying a house is considered a good investment, they include; provides another source of income, gives pride of ownership, avoid rent increases, increases wealth.
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