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  You have just purchased land, and you’re looking to flip it for some quick profit, or you’ve held it for a long while—perhaps years –and you’re finally ready to sell it. How do you maximize your earnings from this transaction?
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Getting buyers to pay top naira for your piece of real estate will take some knowledge and smarts on your part. But there are a number of things you can do to tilt the odds in your favour; things as making improvements to your land and the environment around it. Let’s have a look at six things you can do right away to drive up the value of your land as perceived by prospective buyers.

Remove Wild Vegetation

A bushy expanse presents as raw and unmanaged. It’s also potentially a lot of work for anyone who’ll acquires it. So they’d want you to hand it to them for much less than you’d like. You will raise the price bar for your plot if you cut back or remove wild vegetation from it. In fact, this act alone could add quite a bit of value to your property, as most people who have been involved in the real estate business can testify.
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Construct A Fence

Build a fence around your land to keep intruders and land grabbers out. A fence gives a sense of security, reduces the chance of encroachment by ill-intentioned actors, and indicates ownership by an active agent. These serve as a guarantee of sorts; most people will be more comfortable with buying real estate that’s fenced compared to one that isn’t. Besides, you’ll save them the need to do the fencing themselves—something they’re likely factoring into their decision to buy.

Provide Access

Your client will almost certainly prefer land that’s easy to access from a major road to one that doesn’t have a navigable path to it. That’s because residents of any property that’ll be built on the land in the future will want an easy journey linking up to the heart of town. If you’re in the legal clear to create a passable route to your land, you should pave it as soon as you can. Accessibility can greatly increase the market value of your plot.

Build Drainages

No one wants to live on a patch that’s prone to flooding. If this is an issue where your land is located, you’ll need to build proper drainages to take excess water away when it rains. The presence of properly functioning drainages will assure potential buyers that the land won’t get water logged during the wet months of the year. They will often be willing to pay extra just because this feature exists.

Add A Gate

While you’ll want a fence around your property, it’s also important to have a gate as an access point. A strong, properly installed gate doesn’t just function as an entrance; it could protect your land from intruders. Just be sure to secure it with sturdy locks.
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Sink A Borehole

Access to water is crucial. You may leave the business of guaranteeing this to whoever buys your land and decides to build on it. After all, dealing with this bit of things can be somewhat expensive. But if the land already has a good borehole, potential buyers will be willing to pay a tad extra to have it. That’s because they’ll recognize that you’ve taken care of a significant part of the property development process, and gotten the burden off their backs.

Final Words

If you’re able to deal with most or all of the things we’ve talked about here, you can be sure that your land will sell for a lot more than it could manage if it was just ‘raw’. It’s worth pointing out that other factors—such as location and the existence of major development projects – may play a role in determining the fair price for your land. Be sure to consider those as well. Featured Image Source: MSU
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This article was first published on 2nd December 2022

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.


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