Buying property isn’t just about having a roof over your head, it’s also one of the smartest ways to build wealth. The only thing better than owning a home is owning one that keeps increasing in value (because let’s be honest, who doesn’t like making money while doing nothing?).
So, how do you know if a property will appreciate over time? Here are the top factors that can turn your real estate purchase into a goldmine.
1. Location, Location… and You Guessed It, Location!
If you’ve ever wondered why two houses that look exactly the same can have wildly different prices, the answer is simply location.
A property in a well-developed area with good roads, security, and proximity to key places like business hubs, shopping malls, and schools will always appreciate faster than one in the middle of nowhere.
When looking to purchase a property, the closer it is to civilization than it is to farmland, the better the chances of a growth in property value.
2. Infrastructure & Development (The More Roads, the More Value)
Ever noticed how property prices shoot up the moment a new bridge, highway, or public Amenity is announced? That’s because good infrastructure makes an area more accessible, livable, and attractive to investors.
If your area has:
- Good roads (a.k.a. roads that don’t turn into swimming pools during rainy season)
- Reliable electricity (because nobody wants to live where generators are the main source of music)
- New developments (shopping malls, estates, schools, etc.)
Then congratulations! Your property is on its way up in value.
3. Demand & Supply (A Simple Game of Numbers)
Real estate follows a basic rule, when more people want to live in a place than there are houses available, property prices go up.
Areas with increasing job opportunities, commercial activities, and population growth tend to have higher demand for housing. That’s why places like VI, Lekki, and Ibeju-Lekki are booming. Businesses are moving in, and so are people.
If an area has more “House for Rent” signs than actual tenants, think twice before buying there.
4. Security & Neighbourhood Appeal
Would you rather live in a place where you can take an evening walk with your phone in your hand or one where you have to hold your bag like it contains the cure Covid-19?
Properties in safe, well-planned neighbourhoods appreciate faster. Gated estates, security patrols, and public amenities such as parks, experience centres and the likes increase desirability and, therefore, increase property value.
Also, if your area has trendy cafes, supermarkets, and restaurants where you don’t have to explain what a cappuccino is, that’s a good sign too.
5. The Power of Time
Property appreciation isn’t a get-rich-quick scheme. It takes time, but the rewards are worth it. Places that were once considered “too far” or “undeveloped” are now worth millions.
Just ask the people who bought land in Lekki 15 years ago while some laughed at them then, they’re the ones laughing all the way to the bank now.
Not all properties appreciate at the same rate, but choosing the right location, investing in a developing area, and looking out for key growth indicators can help you make a smart decision.
At Geoponts Properties Ltd., we specialize in helping you invest in properties with high appreciation potential, so you don’t just buy a home, you buy an investment asset.
Want to own property that increases in value over time? Let’s make it happen! Contact us today on ☎: 08084410146 / 07063557501.
Or send us an email at 📩: Geopontsproperties@gmail.com
You can also check out our socials on YouTube at https://youtube.com/channel/UCHP8oBo63-4VWPaGLhceqJw and on Instagram at https://www.instagram.com/geopontspropertiesltd
