“The best time to buy land was yesterday; the next best time is now.” While many prospective buyers delay purchasing land for various reasons, uncertainty, lack of immediate funds, or waiting for a “better deal” what often goes unnoticed is the hidden cost of waiting.
1. Rapid Appreciation of Land Value
Land in Nigeria, especially in emerging urban and semi-urban areas, appreciates fast. A plot in Owerri that sold for ₦500,000 a few years ago now commands millions. By postponing a decision, you’re potentially losing out on significant value gains. What you could buy for ₦3 million today might require ₦5 million in just 12 months.
2. Inflation and Currency Devaluation
Nigeria’s inflation rate continues to erode the value of money. Every month you delay means your purchasing power decreases.
That ₦2 million sitting in a bank account loses value over time, making land you could afford today out of reach tomorrow.
3. Increased Development Costs
As areas develop, demand surges, not just for land but also for infrastructure. Costs for building materials, labour, and statutory fees (like title registration and survey plans) rise. What seems like saving now often translates to higher expenses later.
4. Loss of Strategic Location Opportunities
Delaying your land purchase can mean losing prime locations. As cities expand, the most strategic lands are taken first, those close to expressways, commercial zones, or government projects. Early buyers enjoy both convenience and higher returns.
5. Emotional Cost and Regret
Many clients return months or years later to say, “I wish I had bought when you first told me.” The regret of missing out on a golden opportunity is a real emotional cost, often heavier than financial loss.
My name is Kaka Prince,
A real estate consultant.
I help you build generational wealth through real estate by securing genuine land that fits your budget.
📞 08160952082
WhatsApp: https://wa.me/2348160952082
Website: www.smartprince.site
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