|October 23, 2019||No Comments|
“Land is underrated as a source of wealth” -Bloomberg (Jan 2nd, 2018)
Since the dawn of time, ownership of land has been an important factor in the lives of people all across the world. The fortune of families and individuals have fallen and risen, either by its loss or acquisition. So why is the ownership of land so important to the prosperity of an individual or society?
Many established business men and women will tell you that an important milestone to their success was when they got access to credit or loan to finance their business. The case of Dangote’s loan from his uncle comes to mind. Unfortunately, not everybody has a rich uncle. But with land, many business owners have something to put down as collateral to seek credit, which in turn they invest to set up or expand. Changing the fortunes of their business and themselves forever.
Generational wealth is wealth passed down by some members of a family to future generations through the accumulation of assets that provide financial security. In the United States of America, the ownership of land has been closely linked to generational wealth disparities between communities of different races. Billionaire superstar JayZ sings about this in his popular song “The story of Oj”. In Nigeria, the same rules apply for both rural and urban societies, and as time progresses, tomorrows wealthy families are being made today.
In old England, the title of Lord was associated with holding of land in a powerful feudal system. Land assured you of respect and dignity amongst your peers. In many Nigerian communities, land assured you of a seat at the table in deciding affairs; without land, you had no stake. In fact, till today, the title Landlord evokes that same emotion in several estates and local functions. This often leads to a host consistently emerging the chairman of a peer group and earning the respect and trust of fellow members.
Developing land for rent or lease is one of the most stable ways to earn recurring value. While many money instruments might offer good yield, the elasticity of market forces could devalue investments over night. Land on the other hand, often experiences guaranteed appreciation. As a fixed asset with limited quantities available to everyone, purchase and holding land is never a gamble, but a sure win for the early investor.
Many will tell you that there is nothing more fulfilling than returning home to your family. Especially when you own your own home. But with the high cost of home ownership, that dream is often beyond the means of the average Nigerian. The easiest solution to achieving your dreams would be to acquire land and build at your pace. For many who now live their dreams, this is the smarter way to go.
“Homeownership is a way that the middle class and upper-middle class pull away from the working class and poor” -Bloomberg
HERE IS YOUR OPPORTUNITY…
THE FAIRMONT HOME LOT
The Fairmont Homelot is an adequate 240sqm piece of land, located within The Fairmont Estate: a luxury private community situated in a fast growing suburb that blends “urban and country living”. The carefully conceptualised Fairmont Estate, will offer families within the Homelot, lush green gardens, extensive walkways and modern infrastructure that put into consideration serenity, splendour, security and space.
*Paved roads *Pedestrian boulevard *Electricity *Street lights *Drainage *Green area
Exciting and convenient payment plan Immediate physical allocation Well secured environment Easy transfer of ownership Business network opportunity High capital appreciation Eco-friendly environment
Price per lot – N2,976,000
Lot size – 240 Sqm
Payment tenure – 3 Months