Mistakes to avoid before investing in real estate.Oluwakemi Adeyemo
- Avoid the mistake of not having an investment plan.
Real estate investment does not have to be your first kind of investment.
Many people lose money when their income, lifestyle and expenses will not permit for a real estate investment with a transferable title.
- Avoid not having investment values with some flexibility.
I have heard people say this “any property without a C of O, I don’t buy”. For some people, it is a standard.
They prepare for all the cost and work associated with buying a property with a transferable title.
- Avoid the mistake of not having discovered yourself before investing
Not all kinds of investment opportunity are ideal for you.
Know your risk appetite before setting out to invest in a property no matter how good it appears, regardless of price and promised returns.
Investment journey is not always a smooth sail on a straight line. It is usually associated with twists and turns.
Know how deep you can go and how high you can jump. You should also know how investment outcomes affect your well-being.