Strategies for Achieving Property Investment in 2024

Top of the afternoon to you. I am Francis Akintola, the Real Estate Minister.

As you know, my goal is to help you achieve your property investment goals.

In my last post on insight and knowledge, I shared a testimony about one of my clients called Dr. Tunji and how he navigated the real estate market in Lagos in 2023.

Today, I’m going to share with you how you can attain your own property objectives for 2024. The strategies that will compel you to achieving your property goals in 2024 are as follows:

1. Uncover Your Why: Unleash the power of purpose. Understand the driving force behind your property goals, whether it is securing your child’s future, exploring resale potentials, generating rental income, or planning a short-term loan.

Clarifying your purpose will empower you to make informed decisions tailored towards your unique aspirations.

2. Take Charge of Your Finances: Implement budgeting strategies. For example, follow the 25% rule – allocate 25% of your income for property-related expenses. This move towards financial stability.

3. Establish a Timeline: Set a realistic timeline for accomplishing your property goals. This not only keeps you focused but also holds you accountable throughout the journey.

4. Make Decisions Without Emotional Baggage: Navigate real estate transactions with a clear mind. Detach emotionally, especially during negotiation.

Stay objective, adhere to your budget, and base decisions on meticulous analysis rather than emotions.

5. Negotiate for Success: Strategically negotiate for favorable terms when conducting purchases. Unlock potential discounts and utilize payment plans offered by sellers or developers aligned with your financial capabilities.

6. Build Strong Relationships: Cultivate positive relationships with real estate partners. Gain access to valuable market insights, expert negotiating skills, and guidance through the complexity of real estate transactions.