To go into land banking is to invest in Real Estate, which basically means putting your money and capital in lands and landed properties.
In markets where land and building prices are rising, real estate is often purchased as an investment,
whether or not the owner intends to use the property. Investment properties are often rented out, but
“flipping” involves quickly reselling a property, sometimes taking advantage of a rising value, and
sometimes after repairs are made that substantially raise the value of the property.
Luxury real estate or you can say Land banking is used as a way to store value, without any particular attempt to rent it out sell it.
WHAT TO DO:
Have a vision
Have a vision of what you want to achieve. Ask yourself the chances of being able to make money in
the future. You should invest with the future in mind, not the now. The land might not look like what
will generate income for you today, but if you can see into the future, you’ll see the goldmine in it.
Research the land
Look into the landmarks of the land, that is, the notable buildings and places around the land. It could be companies, factories, social infrastructure and so on. These are signs of how soon the land will develop no matter how undeveloped it may look now.
Partner with a reliable Real Estate company
Partner with real estate companies who can secure the land for you, so it doesn’t get stolen or sold off. Research about the company to ensure they have a proven track record of success. Don’t partner for sentiments, but for credibility and integrity. AGC construction and properties offers such services. We are reliable, trustworthy and credible.
Do not be afraid to be buy in large portion
Finally, buy as much as you can since you have done your research on the land and you have a reliable company to work with like https://agcconstruction.ng/ to work it.