NewStats: 3,261,446 , 8,174,035 topics. Date: Thursday, 29 May 2025 at 10:08 AM 6q6y11

why would s allow such post make the front page. This is how they wrongly advice or discourage intending investors not to go into Building for rent . I must say that real estate still remain money bags for many wealthy people out there. Once you do your diligent job before investing which include , Location, rate of capital appreciate and accessibility , just sit back and watch those ROI trickle into your bank . Lets not go into the business opportunity(Equity release) that building will bring in for you

Goodnewsforlife:
between a fallow land and a building

Which of them have appreciable value more in 10 years to come?

Depends on the area.. In Igbo land? Land appreciate more than houses

TimiofAbuja:
as a young man 80 million your lol
please what is the definition of a young man

is rent that cheap in Aba that such house will go for 350K?

just curious........oooooooo

Rent is too cheap in ABA

🤔

MrDoGood:


I get your point sir.

I've weigh this topic years ago. Using my father as an example.

It still won't take 30 yrs to get your capital back because you need to spend some funds in renovation.


Building a hotel or guest house is good ROI than house for rent. I rather flip the money on landed property and maybe buy property renovate and sell

better

vikstandon:



Fallow land. But the issue there, is that it might be revoked, if you fail to develop it. And if you are unlucky to have Pharaoh wey no sabi Joseph.
Somebody like Wicked Wike will revoke it.

what did I just read?
Why expose your ignorance on matters such as this?

Best building to do
Event centres
Shortlet
Shopping complex
Hotels
Resort
Hospital buildings
Pharmacy building
Lounges
Night clubs
Strip clubs
Casinos

NothingDoMe:
Nah. Why should you own a property because you want to borrow. Instead, invest properly.

You have not heard of people taking loan to pay back another loan. See there are various business and investment strategies out there, you just need to be a smart thinker.

350k yearly for 3bedroom in aba? Same Aba Wey una dey always hype for social media? 2-bedrooms decent apartment is Ikorodu now is between 600k - 1.2M .. why would I have a budget of 80M to build and then go to Aba?

otipoju:


I agree. The only building worth renting out are event centers if you do the maths.

Or Service apartment aka airbnb

REALretep:
what did I just read?
Why expose your ignorance on matters such as this?

Bro, in the long run, buildings depreciate while land appreciates.

I’ve seen instances where people purchase structures only to demolish them and construct something new. Buildings eventually become obsolete. It’s wiser to build houses in locations where you can recoup your investment within a few years.

Several factors make people opt for virgin lands in cases where existing structures need to be torn down. These include the cost of demolition, the need for equipment like tractors, labor expenses, and the removal of debris.

You might not agree with my perspective, but that’s the reality as I see it. We’re all wired to think differently.

You need to be smarter. I have used this as my bargaining advantage. I no dey price you structure, most times I dey price land.

jayce232:

How will someone invest 100m in a project & won't care about return on investment?? Except the person is a politician looting funds! Is it everyone that is interested in taking loans? If u have built a house for rent with slow ROI & wahala coming from troublesome tenants, u will not make the bold statement.

100m might be a lot to you but for some others it is not much of a value.

A 100m property that brings in only 3m annual returns of which part will still go into property maintenance, Meanwhile through that 100m property he got a loan of 500m and built an Hotel that is capable of raking in 50-80m per annum. You should know where his interest lies

If in Lagos, PH, or even Delta, it will bring in half that time frame. I dunno the current rent for Aba but i don't believe that 350k/annum figure for such a nice, fenced apartment. Even without fencing, 3bedroom apartment are currently dragging 1.1m in non-abuja cities. 2bedroom in Lag is 900k upwards in many areas. Selfcon that is half a million currently, and that's even one of the least figures?

As for investment, yeah. Spare money is quite the go-to. But if one can without blinking the eye, no p. As building materials are going up so is rent. A climax might reach soon because the earnings is inverse to it all.

Event centres used every week is the go-to. In 52 weeks, you'll get the money used to build back. If you add Catering and Cold drinks biz, you'll get a good amount to start another event centre in town or start the apartments for rent.

mrvitalis:

Depends on the area.. In Igbo land? Land appreciate more than houses

You are wise. Someone tackled me because of my submission.

IamANigerianMan:

Some of come to Internet to say rubish...tell me which business you can do to have the profit of N8m to N10m with N80m in year that is risk free like building... ?

Are you really serious? Like getting 10% profit from that money is unachievable in a year?

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

And you would have to wait 10-15 years to feed your family’s basic needs? He wasn’t saying building is a bad thing, he is simply saying put that money into your business, that would generate 200% what you spent in 2 years, instead of waiting for years…

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

The mistake most People make when they want to invest in property, is to go to a location where Land is the Cheapest!
But they forget that the ROI of the Property that will stand on that "Cheap Land", will depend on its Location.

A 2Bed-Flat in a Prime Area of Lekki, for example, will rent annually for #2Million Plus. ...But the land costs #60Million!
Same 2Bed-Flat in one Bush inside Ikorodu, Ibadan, Ekiti or Kwara, will rent out annually at #300K or even less. ..But the land costs #2Million!

So, as an Investor, you have to be proactive and think ahead.
If l spend #120Million for a Three Storey Building of Six Flats per floor, renting out at #2Million each, every Year, l will bring-in #36Million.
Let us net it at #30Million, after all expenses. That means in 4years, l have recouped my Investment but l will keep doing so, with increases, for the next 30yrs to 50yrs, as long as Govt does not come to demolish the Building because those People dey madt seriously.

The Man who invested on his cheap, #2Million Land and built with close to same amount, (let us say #50Million), will bring-in #300K x 12 = #5.8Million annually but let us net it to #5Million, after all expenses (and people in those Areas nor dey pay their Rent easily sef ).
So, it will take him about Eleven years (11yrs), to break even, all things being equal.
His Property Value will increase but at a very slow rate.

Property Investment is about the best place to put money for Retirement, if you know what you're doing and you're not too greedy.

I hope l shed some light.
'Am Out.

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

Easy to talk about about appreciation and valuation but when you think about depreciation or maintenance, you will be cautious of throwing huge numbers around! Lol

Jeferious:
Are you really serious? Like getting 10% profit from that money is unachievable in a year?

Some of you that are poor are the one advising the rich, so how much you want have in a year?

aicon4s:


100m might be a lot to you but for some others it is not much of a value.

A 100m property that brings in only 3m annual returns of which part will still go into property maintenance, Meanwhile through that 100m property he got a loan of 500m and built an Hotel that is capable of raking in 50-80m per annum. You should know where his interest lies

Like I said in my comment, not everyone is interested in taking loans. Tailoring the investment to only be beneficial on the basis of loan means it is not a very good one & that is what the op is saying.

daveP:
If in Lagos, PH, or even Delta, it will bring in half that time frame. I dunno the current rent for Aba but i don't believe that 350k/annum figure for such a nice, fenced apartment. Even without fencing, 3bedroom apartment are currently dragging 1.1m in non-abuja cities. 2bedroom in Lag is 900k upwards in many areas. Selfcon that is half a million currently, and that's even one of the least figures?

As for investment, yeah. Spare money is quite the go-to. But if one can without blinking the eye, no p. As building materials are going up so is rent. A climax might reach soon because the earnings is inverse to it all.

Event centres used every week is the go-to. In 52 weeks, you'll get the money used to build back. If you add Catering and Cold drinks biz, you'll get a good amount to start another event centre in town or start the apartments for rent.

You're Right.
Location!! Location!1 Location!!!
2-Bed in some Locations in Lagos, is not less than #2Million flat!

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

What you said is right if the building is treated like an office with operation and running cost but most naira landlord thinks and act like having a house automatically make them god and foolishly sees it as free money and tyrannical means of income like agbero.
Which always makes the buildings depreciate very fast due to dilapidation.
A building in shomolu where tenant pay 150,000 naira service charge for a room self apartment yet contribute for everything that need maintenance including........ By themselves

jmoore:
Spending 70 million naira to build a 2 story building 3 bedroom flats.

Put the rent at 350,000 naira per year for each flat in a location like Aba, it will take you more than 33 years to breakeven.

House for rent as an investment is what your children will enjoy, not you.

Use your spare money to build if you have excess cash.

If you have 80 million naira in your as a young man, don't use it to build that story building. Reinvest it in your business that gave you that 80 million naira.

You can buy land, but don't build until you have at least times 3-4 of the building budget in your .

You are absolutely wrong. 3 bedroom flat like the one posted here goes for nothing less than 1, 2m in many locations in Nigeria
Number 2, the cost of rent at the rate it's going maybe 10m a year if care is not taken. So I expect the initial investment to be gotten back in less than ten years.

Advancedman:


What you said is right if the building is treated like an office with operation and running cost but most naira landlord thinks and act like having a house automatically make them god and foolishly sees it as free money and tyrannical means of income like agbero.
Which always makes the buildings depreciate very fast due to dilapidation.
A building in shomolu where tenant pay 150,000 naira service charge for a room self apartment yet contribute for everything that need maintenance including........ By themselves

That Landlord is greedy!
if you collect Service Charge, then you need to provide Service. (Cleaning, Security, Water, General Electricity, etc) but it does not make the Landlord liable for Willful Damage, which will most likely happen, where Tenants feel the Landlord will bear any Cost and think "Once l damage it, the Landlord will fix it". O-Y-O!

SoakAway for example, Tenants flush all sort of illegal items into it.
But by Tenancy Law, if the Landlord is not living in that House, the occupants are responsible for the Cost of evacuating it, whether they pay Service Charge or not.

vikstandon:


Bro, in the long run, buildings depreciate while land appreciates.

I’ve seen instances where people purchase structures only to demolish them and construct something new. Buildings eventually become obsolete. It’s wiser to build houses in locations where you can recoup your investment within a few years.

Oftentimes it is always like that @bold
Houses are just like cars, they get old & ugly with time once new designs emerge. You need to see how ugly & dilapidated some of the houses built in 90s look now. When people say houses appreciate, they don't know the land is what actually appreciate. Because a lot of people will buy that property & demolish it to erect their desired structure.

jmoore:
Spending 70 million naira to build a 2 story building 3 bedroom flats.

Put the rent at 350,000 naira per year for each flat in a location like Aba, it will take you more than 33 years to breakeven.

House for rent as an investment is what your children will enjoy, not you.

Use your spare money to build if you have excess cash.

If you have 80 million naira in your as a young man, don't use it to build that story building. Reinvest it in your business that gave you that 80 million naira.

You can buy land, but don't build until you have at least times 3-4 of the building budget in your .

I invested some money in a shop a year ago. I know that the investment is worth more than twice the amount after one year due to increase in price
Same applies to real estate. Things have doubled.

pocohantas:


- It is an old building.
- It is at express.
- You have once expressed your unwillingness to pump ordinary water for your tenants.
- 300k is just fine for that arrangement.

I was hoping you could get me a new house in the locations I mentioned for 50k.

If you want more for your building, renovate it and give your tenants water. I don't know why Aba landlords see water as luxury.

how does someone that have a life a job, have so much time to keep tabs on everybody life, trolling one person sef one needs a wager


if she does not know your kitchen she knows the day you post ur valueable babe ... every M.S holy ghost fire

Ok, thanks





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people that have the mollas are speaking here mehn!!! my own na to the tap the sense wey all una dey make...

First of all it is land that appreciates, the building on the land doesn't. I used to think that rent was a good investment until I personally experienced the drawbacks in the sector.

If you build a house, you have to do proper maintenance every 5 years to ensure that the returns keep coming.

Secondly rent and property laws are very weak in Nigeria, a tenant can pay rent for a year stay in your investment for free for 3 years, move out on the 5th year after damaging the property severely.

I think we need to rethink real estate in Nigeria, a real estate investment doesn't have to be residential. We need to explore other options like mixed used real estate and agricultural real estate

SUPERPACK:
You forgot that the building still belongs to you plus the rents coming in. Add it to real estate appreciation and that building will be valued at minimum of 100 million naira in 10 to 15 years time. Add it up and total value from that house in that 35 years will be about #170,000,000.

Rubbish, building a commercial house for rent is not a wise investment, rather you are just tying the money down.

1... How sure are you, that you will be alive in
the next 35yrs?

2.... Collecting renting from tenant is not as
easy as you think.

It is best you use that money to build a motel/hotel, or buy multiple lands and sell every 4yrs, and that money would have flipped to more than N500m in less than 20yrs.

Location location location.

350k per year, lol you go wait tire.