3.6 C
Washington
spot_img

Reasons to Invest in Uganda’s Real Estate

Date:

Share:

Real Estate involves different aspects like Land, Houses, Apartments and Commercial buildings. It is a vast term but most people use it to refer to properties (residential and commercial). You can make money from real estate business includes buying, renting and selling these different properties but if you’re looking for an investment opportunity it is better to know exactly which aspect of real estate you want to invest in. There are many reasons as to why investment in Real Estate is a great opportunity and below are 9 of them:

Banks are lending: Most people hesitate investing in real estate because they don’t have enough money but today in Uganda and Africa at large, banking institutions offer home loans to people who can not afford the properties. The rates are now affordable and you can now use our online mortgage calculator for all your mortgage solutions.

Reasonable prices: It is now possible to invest in real estate at reasonable prices. If you have a small budget you can invest in plots of land that do not cost a lot, however if you have abit of cash and looking for a quick investment  look for bank foreclosures because their prices are slightly lower than normal prices.

Technology: Technology has made real estate investment very easy. When you buy a house, it is not hard anymore to move around looking for clients, these days you can list it online and get clients to call you and schedule visits. The internet provides a platform to list properties and make them visible to many people.

Knowledge is Free: Investing in real estate is different from other investments. When you invest in other fields like tech companies you have to learn about statistics and finance but in real estate all the knowledge you need is provided online like market size, pricing of different properties according to different areas and you can also hire agents/property managers that can assist you. .

Cash Flow: Investing in real estate has a positive cash flow. Let’s say you buy a house at 80,000,000 Shillings and rent it at $1500 per month, you will make an investment return in 5 years and after 5 years the rest will be profit which you can reinvest in another business, save for future financial challenges or use to settle debts.

The Loan Pay Down: When you invest in real estate through a bank loan, your tenant is actually  the one paying your mortgage not you  and after 30 years your house might be your main source of income, feeding you and paying for your kids’ education.

Appreciation: The value of most real estate aspects i.e land  always goes up instead of going down. Properties don’t lose value instead they increase value from time to time.

━ more like this

8 Exercises to Help You Lose that Weight

Here are eight exercises to help you bulk up and tone those muscles; like a boss. From pushups, to mountain climbers, burpees and jumping knee...

Gadgets Every Traveler Needs in 2024

There are people that were blessed with intellect that surpasses the ordinary, people that easily see through how something works and create an even...

Why Self Guided Tours Rank among Top Experiences in Uganda

Self guided tour is when a traveler explores a certain tourism destination on his/her own without a driver guide.  What the traveler does is...

Must Have Tools For Every Home

Everyone has them: tools. Usually they’re bought in a haphazard manner when that faucet starts leaking, that picture needs hanging, the kids need a...

How to Drive Responsibly in Uganda

Responsible driving, means enjoying the drive on the trip but also leaving a positive impact on the road and also at the destination, wildlife...

10 Tips to Maximize Your Wedding Meeting Time

From the moment that the guy pops the question and the girl says yes, the journey to the altar for most couples is a...

Road Signs in Uganda

Like Many countries around the world with many different road signs to symbolize different actions for drivers using the road. Being a very important...

Explore Mabira Forest of Central Uganda

Mabira Forest of Uganda If you are thinking of taking an ecotour to an exotic location, you should take a Uganda eco safari to the...

Nsenene: Grass Hoppers that Are A Local Delicacy in Uganda

In our coverage of Bizzare Foods that people enjoy around the world, today lets look Nsenene, the long horned grasshoppers. Known as Nsenene in...

5 Things that Make a Uganda Safari a Raging Success

Perhaps you are looking for those few unique things that can make your safari holiday a successful one while in Uganda, the Pearl of...
spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here