At some point, we are left with the option of choosing between jobs or careers. We definitely want the best jobs or careers. In making these choices, you are often left at crossroads because the decision you make can either be the reason you are happy ten years from now or not. Other times, you just want a career and not a job. The difference between the two is, you can have so many jobs at a time and in different sectors while you can only do with one career at a time. The goal of having a career or job is the same but the idea of being an authority in a field is what a career offers.
There are, however, thousands of career path to choose in Nigeria today. The real estate industry is a fast-growing sector of the economy. If you have recognized the potential of real estate investment in Nigeria, you will definitely don’t want to miss out. It is important to have an idea of what you want to do and make findings from those doing it. If the real estate business is what interests you, you are likely going ask this question: Is real estate a good career?
Considering that there are no magical formulas to be successful in business, hence the need to know if you are making the right choice is important. However, below are some of the reasons you would want to consider real estate as a career.
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Long-term financial security
Whether you decide to quit your regular 8am-5pm job in order become a full-time real estate investor and/or save for your retirement, you are definitely on the right path. It is a known fact that the real estate business, unlike other businesses, is not a get-rich quick scheme. It is a sector in which people invest money in order to reap the benefits in the future. For instance, investing in land properties now can make a huge difference when you are retiring, let’s say six to ten years from now. Having multiple lands in different areas can mean more income especially as the value of the land increase over time which is often due to the development of the area. At the end of the day, you would have sorted out a long-term financial security for yourself before retirement. So, one of the reasons to choose real estate as a career is that it provides financial stability in the long run.
Steady Income
Another reason you should consider real estate as a good career choice is for steady income. Actually, the reason why a majority of people invest in real estate properties is because of the steady flow of income that they get in form of rentals. Having a rental property is one way to secure your source of income. At specific times, you know the amount to expect and when to expect it. The goal of starting a job or career is to be able to earn a living through it. Choosing to invest in rentals properties is a good way to achieve that goal. Depending on the area of your property, you could cover the expenses of your first investment and also invest in another rental property in a different area. This is why it is important to strategically choose the right location for your rental property. Places like the urban areas or towns with universities tend to provide more or higher income because the demands are often on the high side. Therefore, the need for a good location cannot be overstressed.
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Control
The best part about choosing real estate as a career is that it gives you control over everything: time and finance. This is unlike working an 8-5 job that sometimes hardly pay much and afford you less time for yourself. As a real estate agent or real estate, you have control over your time and finance. Here, you are your own boss and thereby determine your failures and successes. You make the decisions on the properties to invest in, the tenants you want under your roof, how much you charge as rents, and who gets to manage or maintain the property. This is another reason why real estate is a good career choice because it allows you to be your own decision maker.
Real Estate Appreciation
It is a known fact that the real estate industry is not a get-rich quick scheme, but one which requires a lot of hard work and patience. It is not a short term investment plan. Inasmuch as it is not a get-rich quick scheme, it is one that appreciates over time. One of the benefits of choosing real estate as a career is that there is always the high possibility of your real estate investment appreciating. This is often the case as with capital assets (land) and rentals, depending on the development of the area. For instance, the value of a property in Ikorodu today is not the same 10 years ago. It has appreciated because of the development in the area.
Provision To Learn On The Job
The real estate business is one which does not really require formal knowledge in the field. That is, you don’t need to be a graduate of real estate management before you can start a real estate career. It is, however, a plus when you have formal knowledge of the field. The industry is one which is practical enough that you can learn on your own and through experience. However, having the required knowledge about the field gives you a good insight into how things work.
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Solution Provider
No doubt the crux of any business is to make profit. Same as the reason for starting a job or a career is in order to earn a living. It is a guaranteed fact that you will get both as a real estate agent or investor but this is not the only thing a career in real estate affords you. The real estate business allows you to provide solutions to one of the basic human need – housing.
The above are some of the benefits and reasons you should really consider a career in real estate. Kindly share your real estate experience with fellow PropertyPro.ng readers.
