TOP THREE (3) REASONS TO INVEST IN REAL ESTATE.

"Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy". - Marshall Field

Every smart thinking person wants to GROW A BUSINESS, MAKE MONEY and SAVE MONEY for the future. These are the 3 main reasons why you should invest in real estate.

1. GROW A BUSINESS: "Don't wait to buy real estate, buy real estate and wait" -T. Harv Eker. 

With the increasing price of houses yearly, you can buy and re-sell your house every year and make millions from it. Just buy that house wait next year, sell it and see the crazy profit you will make from it. 

"Real estate investing, even on a very small scale, remains a tired and true means of building an individual's cash flow and wealth" - Robert .T Kiyosaki.   

There is no business that is so profitable and stress free at the same time.



2. MAKE MONEY: "90% of all millionaires become so through owning real estate" - Andrew Carnegie

A lot of people don't know that real estate is a huge form of investment, buying real estate is not just for the sake of having a home, you can also make money through it. You can buy a house, put it up for rent and make great profits from it yearly. 

Like John Staurt Mill said "Landlords grow rich in their sleep".



3. SAVE MONEY: "The wise earner of today invest his money in real estate" - Andrew Carnegie   

Money saved in real estate can never be lost or stolen, it is the best and safest place to save future wealth for your children and your generations yet unborn. Your family will always be grateful to you and will forever remember you for leaving such wealth for them even when you are no more.

"If you don't own a home, buy one, if you own one, buy another. If you own two homes, buy a third. And lend your relatives the money to buy a home". - John Paulson

So why not save that money now in real estate and leave a legacy for your generations yet unborn.

"The greatest investment on earth is earth itself" -Louis Clickman.

Call us at WHITE AVENUE GROUP to start that investment in real estate today. 
Or visit us @ 5th floor Yobe Investment House, plot 823 Ralph Shodehinde Street, Central Business District Abuja.

"The best time to buy a house is always five (5) years ago" - Ray Brown 

For more information on real estate investment visit  whiteavenuegroup.blogspot.com

Juliet Isa
Customer Care Representative, 

White Avenue Group, Abuja.

07038372568

TEN (10) THINGS TO CONSIDER WHEN BUYING A NEW HOME

TEN (10) THINGS TO CONSIDER WHEN BUYING A NEW HOME

Moving to a new state or country can be as stressful as it is exciting. There are a lot of things to do and several steps to take especially when moving with family. One of the most important things,  however, is getting a new home for you and your family. While moving to a new location, it is always better to buy a house than to rent. This of course depends on a number of factors like duration of stay and career flexibility. In any case, there are some pertinent things to consider whenever you go house hunting in a new location. Whether you are moving into or away from Abuja, here are 10 things to consider when buying a new home.



1.  LOCATION! LOCATION!! LOCATION!!! This factor cannot be over emphasized, it is the most important factor to consider when buying a new house. Ask yourself, do i want to stay in a Rural or Urban area? Do i want to live in an island or in a farm? When you can answer this major questions, then you know where you want your house to be located.

2. QUALITY: Most people just get a house and don't care about the shape and quality of the house. As important as the location of your new house is, the quality and good shape is more important. A house is a shelter, and should protect you from cold, rain, sunshine and other harsh weather conditions. If that house is falling apart or not in good shape, then don't move in. Unless you are ready to keep renovating year in, year out.


3. SECURITY: This is one of the most important factors to consider before signing that cheque for your new home. Everybody wants to feel secured and safe while sleeping at night. and to travel with peace of mind knowing that your property and house is safe. Does your new home or neighborhood have any history of  burglary or robbery, or is it prone to robbery attack? This is one important question you should ask.  If your new house lacks good security around it, then you are not safe.



 4. NEIGHBORHOOD: While the location is very import,also consider the kind of neighborhood you are moving into; do you want a noisy and loud neighborhood or a tranquil place? Do you want your children to mix up with the wrong peer group or with the right peer? The class and type of people who live in your neighborhood will determine if you will enjoy your new home or not

5. FACILITIES: Health is wealth, a sport facility in your neighborhood will definitely help you improve your healthy life style like; a gym, football pitch, basketball court, tennis court, swimming pool etc. Living in a house with all these facilities close by is what you need to improve your health and get in shape.


6. INFRASTRUCTURE: Good road, electricity and water. If your new house lacks any of these three major things, then don;t even think of investing or buying that house.

7. PROXIMITY: This will determine how far you have to travel before you get home, so always ask yourself how close is my home to the town, my office, the children's school, the hospital, the market, my place of worship etc. Because no one wants to spend all day traveling just to get home.

8. ACCESSIBILITY: Is my new home easily accessible? One important question you should have at the back of your mind, accessibility is as important as location. Nobody wants to live in a house that is very difficult to find or locate in a map.

 9. AFFORDABILITY: This determines if you can buy your dream home or not,  always go house hunting with your budget in mind  so you don't get disappointed after loving a home you can't afford. So make sure you can afford it before seeing it.

10. A REAL ESTATE AGENT YOU CAN TRUST: This is the first person you need before going house hunting, an untrustworthy agent will convince you to buy anything just to make money. But a good real estate agent will guide you and help you look for your dream home.

we at WHITE AVENUE REAL ESTATE are here to advice, guide and help you build your dream home. So Visit us at 5th Floor Yobe Investment House, 
Plot 823 Ralph Shodehinde Street, Central Business District 

- Juliet Isa
Customer Care Representative
White Avenue Group, Abuja.

07038372568

WHAT YOU NEED TO KNOW ABOUT THE NATIONAL HOUSING FUND

The National Housing Fund is a scheme set up by the Nigerian Government pursuant to the provisions of the National Housing Fund Act, CAP N45, LFN 2004, first established in the year 1993. Sounds strange, doesn't it? Well, if you didn't know about this, you are part of the 93.7% of Nigerians still unaware. Don't feel bad about that, you're at the right place. 

The NHF was established to enable Nigerians in all sectors of the economy, particularly those within the low and medium income levels who cannot afford commercial housing loans, such as civil servants, traders, artisans, and commercial drivers etc., to own houses.

HOW IS IT FUNDED?

The Act stipulates that funding of the scheme will come from mandatory contribution of 2.5 percent of monthly income of Nigerians earning N3000 and above per annum, in both public and private sectors; commercial and merchant banks to invest 10 percent of their loans and advances portfolio; insurance companies to invest 20 percent of non-life and 40 percent life funds in the housing sector, with 50 percent of these directly in NHF and; financial contributions of the Federal Government. The pool of funds created by these becomes available to any contributor to borrow from, after contributing for a minimum of six months.

WHO CAN ACCESS THE FUND?

• Any Nigerian above the age of 21 can apply for this fund. However, they must be a contributor to the National Housing Funds for a period of not less than six months. This condition is easy to ascertain for applicants in paid/salary employment. 
• For individual borrowers there must be satisfactory evidence of regular flow of income to guarantee loan repayment. This means that if you are not working directly for the government or a registered company or organisation, you must present proof of a means of steady flow of income. So, if you own a business or private outfit, you can also access the loan. For the people in private/trading businesses, there might be need to resort to their bank statements of account.
• Also, To be eligible for the NHF loan, a contributor interested in obtaining NHF loan must apply through a registered and duly accredited mortgage loan originator, e.g. a Primary Mortgage Bank (PMB), who packages and forwards the application to Federal Mortgage Bank of Nigeria. Applicants are required to provide satisfactory evidence of regular income. Deducted monthly contributions must also be remitted to the FMBN promptly, and at least 6 months contributions should be made.

• Alongside the facts stated above, the NHF loan cannot be used to purchase piece of land to build a house. A prospective applicant who wishes to obtain a loan to build a house is expected to have his/her land as well as an acceptance title to the land prior to the application for NHF loan.
• Contributors can apply as an individual for NHF loan to develop a land or buy directly from government consort estate or private estate developer. The only collateral needed for NHF loan is the property in question. No other collateral is required to secure the loan.These loans can also be processed and accessed on your behalf with the help of a Real Estate Agency such as ours. At White Avenue Real Estate, we are more than willing and happy to help you process your NHF loan free of any extra charges.

Benefits available to contributors include: 

• Housing loan of up to 90 percent of the cost of the house; 
• Interest on loans remains fixed throughout the life of the mortgage at 6 percent per annum;
• Long period of repayment of up to 30 years; Contributions can serve as additional old age security; 
• Refunds with 2 percent interest on retirement and finally, 
• Maximum loan of N15 million can be borrowed.

Documents Required to Process the Loan:

1. Completed application form.
2. Photocopy of title documents
3. Current valuation report on the proposed house to buy or bills of quantities (BOQ) for the house to build.
4. Three years tax clearance certificate.
5. Evidence of NHF participation
6. Copy of pay slips for the previous three months.
7. Equity contribution or personal stake of 30%, 20% or 10% depending on the loan amount applied for.

 To access your loan, you must first be registered as a contributor. How can this be done? The procedure is stated as follows: 

(Pay close attention, this is the important part!)

1.The Federal Mortgage Bank of Nigeria (FMBN) will supply Employer Registration Form (NHF1) to employers.

2.Employers will complete form NHF1 and return to the nearest branch of the Federal Mortgage bank of Nigeria.

3.Federal Mortgage Bank of Nigeria will register the Employer and issue an employer’s registration number.

4.Federal Mortgage Bank of Nigeria will issue form NHF2 to employers for completion by employees or directly to self employed or individual.

5.Employee will complete the form NHF2 and return to the employer.

6.The employer or self-employed individuals will return completed form NHF2 to Federal Mortgage Bank of Nigeria.

7.Federal Mortgage Bank of Nigeria will register Employees on Form NHF2 and allocate employees participation number to each employee/self-employed individual.

8.Federal Mortgage Bank will issue a passbook to each of the registered employees where the monthly deduction of his/her 2.5% basic salary will be posted by the employer.

9.At this point, an employee is now a registered participant of the National Housing Fund.

10.Employer will commence deduction of contributions at source. Such deductions/contributions are remitted to Federal Mortgage Bank of Nigeria with schedule of payment indicating the amount contributed by each employee and the period covered.

11.Self –employed contributors will also commence monthly remittances of contributions to FMBN.

12.Federal Mortgage Bank of Nigeria will accept contributions and issue receipts for payments.

Now that you are now a registered contributor, you can access your funds so long as the procedure above has been followed through and you have contributed to the fund for up to six months. The next step would be find your property. Remember, the NHF would not be granted to purchase land, so, you have to have your property already. What the NHF would do would be to support you in developing your property. 

Still confused? Look at it from this angle: The NHF would not be granted in whole to pay for your house, this means that a percentage of it has to be paid for already. What the NHF does is to support your passion to own a home in Abuja. We share this vision here at White Avenue. We are equally passionate in delivering service and excellence while changing the face of real estate development in Abuja. This is everything you need to know about the NHF Scheme and we are programmed to bring you more. 

At White Avenue, we bring your housing dreams to life. Not only do we help you process and access your loan when you purchase any of our properties, you can be assured of the best deals and plans to suit your needs. All you have to do is sit back and watch your investment grow. We carry you along every step of the way and tailor your investment to suit your ideals and preferences. At White Avenue, we are client centric and that is what makes us the best in Abuja.

Knowledge is power but what you do with makes the difference. Make the right choice today by joining us at White Avenue!

Visit us at 5th Floor Yobe Investment House, 

Plot 823 Ralph Shodehinde Street, Central Business District 

You can also give us a call on 09099582911, 08187845406. 
We look forward to hearing from you, Thank you.

13 REASONS WHY YOU SHOULD BE INTERESTED IN REAL ESTATE IN ABUJA

So, recently, there has been a boom in the housing market and there are many factors responsible for that. One of such reasons is that, for starters, commodities like properties and land appreciate as the years progress. Thus, it is most likely that the price of the property you purchased in Abuja in 2013 would not be the same in 2018 but would have faced a rapid increase. In states like Lagos, the price of property on the Island is by far higher than that on the Mainland. From this little explanation, you should have an idea of what I am getting at. Real estate is not just about the blocks of houses or the floor plans, architecture and furniture, Real Estate is an entire market. It is an investment pool where you can always be certain of your returns. How is this possible, you ask? Here are 13 reasons why you should be interested in Real Estate in Abuja:

1. Real Estate Investment Provides Safety

Heard of the phrase, 'safe as houses'? Well, it is true. Properties worldwide have increased at a rate comparable to global share market since 1926. Despite a succession of wars, unprecedented natural disasters, housing bubble crashes and crises, the prices of houses have been steady. Furthermore,  real estate has its own special insurance schemes so no property mishap is actually a loss. Generally, properties are hands down safer than any other investment class.

2. Easy to Get Started

To get into the market, you don't need charts or any special gizmos. It's something you can do right at home with just little bit of research. You don’t need to gather a lot of specialist knowledge to get started. Your property is a tangible asset. You can move in, move out, rent it out as a residential space or office space. Furthermore, whenever you're ready to seek, you would be getting more bang for your buck, because as earlier mentioned, the value of property appreciates.

3. Effective Marketing Cycles

Effective market timing is a crucial component of successful real estate investing. Because the market keeps evolving, the best time to invest is now and investing in real estate now could ensure strong future returns.

4. Real Estate Gets You More Leverage

You can make down payment and finance the bulk of purchasing the property through debt. You can leverage your capital which can give you a better return on investment. Let's say there is a property worth NGN 26,000,000. If you were looking to make an investment in real estate, you don’t need NGN26,000,000 in cash. You can buy a property worth that much with just NGN10,000,000 in cash paid over a suitable payment plan and finance the other NGN15,000,000 through a loan. This loan is known as a mortgage an din Nigeria, there are various mortgage plans available from different schemes such as the NHF- National Housing Fund. More about the NHF would be discussed in subsequent posts.

5. Control

Unlike Shares and commodities, real estate affords you massive control. You can directly influence the inherent value of your investment through renovations and cosmetic additions. This can help increase the value of your investment.

6. Instant Profits

Depending on the type of real estate investment and how it’s acquired, real estate investors can start earning cash flow immediately. With a quality tenant in place, your first rent check can hit your bank account at the end of the first month.

7. Long Term Investment

As a property owner, you carry on a long term investment. First, you get paid rental income as long as you own the property from tenants. Secondly, the option of selling the property once it’s gained enough real estate appreciation is there for you.

8. Watch your Investment Grow

This is self-explanatory. As a property owner, there isn't much left to do especially if your property has been fully developed and is being rented out. Just sit back and watch your investment grow.

9. Most Attractive Assets

They may not be as liquid as money in the bank but they come as close to what an hard asset can be. Investors find real estate properties as attractive propositions and you won’t have problems finding one for your properties.

10. Cash Flow

Cash flow from real estate is stable and far more predictable than most other businesses. That's great for entrepreneurs enduring the ups and downs of start-up life. The cash flow can help float you though the bad times and live well during the good times.

11. The Capital City

Abuja replaced Lagos as the State Capital of Nigeria in 1991 for a myriad of reasons. One of such is its geographical location, in the heart of the country, which secures the seat of power from external attacks. It is also the political hub of the country with numerous national and global organizations seeking to establish a network here. This also means that there is a rise in migration from other parts of the country as everyone wants a piece of the national cake. What better place to have stakes in properties all across the city? As a real estate investor in Abuja, you stand a chance to transact with the biggest and brightest organizations seeking housing opportunities as well as properties for rent. Investing in real estate in Abuja gives you a chance to expand your interests and businesses.

12. The Most Beautiful City in Nigeria

Abuja is inarguably the most beautiful city in Nigeria. Located int he heart of the country, the Capital city is not only noted for its architectural and aesthetic development but is also considered relatively safe.  Abuja is the place to have and grow your family with its serene and relatively peaceful ambiance while enjoying the benefits of easy movement and calm roads. Where else would you decide to build a home?

13. Get Your Dream Home

Asides all the money talk and investments, let's not forget why people acquire houses in the first place; to build a home. Home is where the heart is and how priceless is it knowing that you have a place called home in Abuja. You not only get the chance to own your home but also to create it and watch your dreams come to life. Now, in order to acquire the best kind of property to build your family, it is best to consult with a Real Estate Agency who can guide you through available properties, give you the best payment plans and the best results for your money. 

In Abuja alone, there are a thousand and one housing opportunities. We would be talking more about factors to consider when choosing a property and recommending the safest and best places in Abuja to purchase a property. We would also be talking about real estate in Abuja generally, How to hunt for the best offers and packages and how to get the most value for your money.

Here at White Avenue, we take pride in maintaining a great relationship with our clients and we feel that it is our duty to keep you informed, so, you can rely on us to update you on the our best offers, ongoing projects and properties. Our properties in Mabushi, Wuye and FO1 Kubwa promise more than a home with every purchase. We ensure safety, comfort, security and a peaceful and aesthetically pleasing neighborhood to raise your family.