Aanda Consulting

Aanda Consulting Aanda is a frontline player in the Real Estate sub-sector of the Nigerian economy.

And as part of our social corporate responsibility, we offer invaluable advice on real estate matters.

Let us make today better so that our children can have the best tomorrow.Happy Children’s Day 🥳👧🏻🧒🏻
27/05/2023

Let us make today better so that our children can have the best tomorrow.
Happy Children’s Day 🥳👧🏻🧒🏻




One of the decisions you will have to make is whether to rent out your property furnished or unfurnished. There are pros...
27/05/2023

One of the decisions you will have to make is whether to rent out your property furnished or unfurnished. There are pros and cons to both options, and ultimately, the decision will depend on your specific situation and goals. In this article, we will explore the advantages and disadvantages of renting your property furnished or unfurnished.

1. Pros Of Renting Furnished

Higher rental income: Renting out a furnished property can typically command a higher rental income than an unfurnished property, as tenants are willing to pay more for the convenience of having furniture already in place.

Attracts a wider range of tenants: Furnished properties are attractive to a wider range of tenants, including students, young professionals, and those who are relocating for work. Furnished properties are also popular among short-term renters, such as those on corporate assignments.

Reduced moving costs for tenants: When a property is already furnished, tenants don’t need to spend money on furniture, which can be a significant expense, especially for those moving from overseas or between cities.

2. Cons Of Renting Furnished

More wear and tear on furniture: Furnished properties are more likely to experience wear and tear on furniture, as tenants may not treat the furniture with the same care as they would their own. This means that landlords will need to replace or repair furniture more frequently.

Higher insurance costs: Landlords may need to purchase additional insurance to cover the cost of the furniture and other contents, in the property. This can increase the overall cost of running the property.

Higher upfront costs: Furnishing a property can be a significant upfront cost for landlords, as they will need to purchase all the necessary furniture and appliances before the property can be rented out.

In conclusion, there are pros and cons to both renting furnished and unfurnished properties, and the decision will ultimately depend on your specific situation and goals as a landlord. If you are looking to attract a wider range of tenants and command a higher rental income, renting out a furnished property may be the best option. However, if you are looking to save money on upfront costs and have less wear and tear on the property, renting out an unfurnished property may be the better choice.

www.aanda.com.ng/blog

We are proud of our extensive knowledge and experience in the real estate industry, specifically in the buying and selli...
17/05/2023

We are proud of our extensive knowledge and experience in the real estate industry, specifically in the buying and selling of properties. Our team is committed to offering exceptional guidance and knowledge on market trends to landlords, investors, developers, buyers, and sellers.

For further information, please contact us at [email protected] today.

In real estate, the satisfaction of building something lasting, not money, is the greatest reward. 🔗www.aanda.com.ng
08/05/2023



In real estate, the satisfaction of building something lasting, not money, is the greatest reward.

🔗www.aanda.com.ng

Aanda Consulting celebrates Valuation Day 2023. Whether you are a buyer or seller of an asset, you can participate in th...
05/05/2023

Aanda Consulting celebrates Valuation Day 2023. Whether you are a buyer or seller of an asset, you can participate in the conversation to obtain current valuation information.



Should you buy more properties within the same neighborhood, or should you diversify across a larger area? You have some...
27/04/2023

Should you buy more properties within the same neighborhood, or should you diversify across a larger area? You have some ideas about what kind of properties you want to buy. Now you have to decide where.

Spoiler alert: There isn’t a right or wrong answer to this question. Your goal, of course, is to try to figure out which scenario is the best and most profitable for you. But there are a number of things to consider. Let’s walk through the pros and cons of each.

Investing in a Single Neighborhood
The biggest benefit of owning several properties within the same area is convenience. You won’t have to travel very far to visit your properties, and neither will any maintenance people you hire. Your properties will be easier to manage, in general, if they are kept within about a 20-mile radius.

However, if you take this approach, one issue that could come up is that neighbors will figure out your strategy, causing you to have to pay a premium. For example, let’s say you are trying to buy up all properties that become available on a particular street. If the homeowners in the area get wise to this, then they (the sellers) will have the upper hand when it comes to negotiating with you.

Spreading Investment Properties Among Several Neighborhoods

As with a financial portfolio, there is usually strength in diversification. Spreading your properties around will help you avoid problems if one particular neighborhood experiences a decline.

Also, buying properties in different neighborhoods could help lessen the impact if one area is hit with a natural disaster. If a flood strikes one area and that’s where all your properties are, you could take a huge financial hit.

If you plan to do all or most of the property maintenance and renovations yourself, and if you plan to manage the properties yourself, you should seriously consider how much you want to drive during the course of a week. Do you have a job in addition to your landlord duties? Think about how much time driving to your properties could take out of your week.

Oftentimes, investors who own multiple rental properties across different geographic areas are people who hire management companies, such as AANDA Consulting. If you are thinking of going this route, AANDA Consulting can help with your investment property management needs.

www.aanda.com.ng

Everyone wants a piece of land. It’s the only sure investment. It can never depreciate like a car or washing machine. L...
24/04/2023


Everyone wants a piece of land. It’s the only sure investment. It can never depreciate like a car or washing machine. Land will only double its value in ten years. – Sam Shepard


May this pious day brings you immense joy, happiness, peace and prosperity. Happy Eid Al-Fitr!
22/04/2023

May this pious day brings you immense joy, happiness, peace and prosperity.

Happy Eid Al-Fitr!

19/04/2023

📍URGENT SALE

A newly completed 4 Bedroom Terrace House on 3 floors within a fully gated Estate off Adeniyi Jones.

All the apartments within the Estate is finished with spectacular glass facades that gives bright views and the interior include high quality finishing and painstaking attention to details within.

Ammenities include
✔️Swimming pool,
✔️Ample parking space
✔️ Security
✔️ Borehole with water treatment and more.

PRICE: 220m

🚨For enquiries/inspection:
☎️: Call 07046231476
✉️: [email protected]
🔗: www.aanada.com.ng

Sometimes, the key to happiness is finding the key to the right home.
17/04/2023


Sometimes, the key to happiness is finding the key to the right home.

The best returns can be found in places where rental properties are in high demand, like Victoria Island, Ikoyi, Suruler...
13/04/2023

The best returns can be found in places where rental properties are in high demand, like Victoria Island, Ikoyi, Surulere, Lekki, Ikeja, Ajah, Yaba, Gbagada, Magodo, Ikorodu, Maryland, and Agege.

Investors who want high rental yields should pay attention to the following:

Location: Properties in good areas tend to have higher rental rates, which can mean a better return on investment. Most of the time, tourist spots and business districts are good places to make a lot of money.

Type of property: Another thing that can change the yield is the type of property. For example, apartments usually bring in more money than villas do. This is because apartments are usually cheaper and more in demand, which makes them a good choice for renters.

Quality of the property: Well-kept properties with high-end finishes will definitely get higher rental rates and make a lot of money.

Current market conditions: When the real estate market is strong, rental prices are likely to be higher, which means more money for the landlord. On the other hand, when the market is weak, rental prices may be lower, which means that the yields will be lower.

There are a few ways to find the best places to rent:

Online platforms: Real estate websites have a lot of information about rental properties and their yields, which makes it easier for investors to compare their options and choose the best one.

Real estate agents: A good real estate agent can give investors useful information about the local real estate market and help them find properties with high rental returns.

Market research: Investors can do their own market research to find the most promising areas and properties. This could mean looking at data about average rental prices, trends in property sales, and signs of the local economy. Attend property exhibitions.

Property exhibitions: are a great way for investors to meet real estate agents, developers, and other experts in the field and see firsthand the newest properties and rental yields on the market.

If you want to learn more about Lagos market, email [email protected]

09/04/2023

Happy Easter!

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