The Three P’s and L of Real Estate: The Most Important Factors

Everyone is guilty of rash decisions although they are sometimes helpful and the best type of decision to make but in the world of real estate, being capricious is never beneficial.

When it comes to making wise real estate decisions, understanding the three P’s — Price, Potential for Appreciation, and Property Type — along with Location (the L) is critical.

Whether you’re a first-time homebuyer, an experienced investor, or simply looking to upgrade your living space, these factors will shape the success of your real estate venture. Each of these elements plays a crucial role in determining the value and long-term benefits of a property, and understanding them can guide you towards making sound investments. Failing to know any of these usually leads to a disaster.
Price

As with every investment, one of the most obvious and fundamental aspects of real estate is price. As highlighted by renowned real estate investor Robert Kiyosaki, price alone can determine the kind of return an investor might expect from a property.

However, finding the balance between affordability and value is key. A low-priced property may seem appealing at first, but hidden costs, poor location, or an outdated structure can drain your resources over time.

Bezoh Homes and Investments understands this delicate balance, offering affordable real estate options without compromising on quality. Their upcoming E31 project in Lekki County is designed to deliver excellent value for money, providing not just homes, but also thriving communities.

Bezoh Homes ensures that pricing aligns with what buyers truly need — high-quality, secure housing at a cost that makes sense in today’s market.

Potential for Appreciation

Buying a property is not just about what you pay now; it’s also about what you stand to gain in the future. The potential for appreciation is a crucial element in real estate investment. Strategic investments are those made in areas where property values are expected to rise due to infrastructural developments, increasing demand, or improving neighbourhoods.
Bezoh Homes and Imvestments focuses on developing properties in areas with high potential for growth. For example, their Lekki County projects benefit from proximity to key commercial and residential hubs, ensuring that property values will likely appreciate over time. By investing in projects like those offered by Bezoh Homes, you’re not just buying a home; you’re securing a future investment

Property Type

Choosing the right property type is essential for meeting both personal needs and financial goals. Some property types, like single-family homes, are ideal for long-term residence, while others, like condominiums, may be better for short-term investment opportunities. Real estate expert Barbara Corcoran often advises buyers to thoroughly assess their needs and the market before deciding on a property type.

Bezoh Homes and Investments offers a wide variety of property types, from luxurious family homes to eco-friendly residences in well-planned estates. Their flexible approach ensures that every buyer finds a property that meets their unique lifestyle and financial aspirations. With Bezoh Homes, you get more than just four walls — you get options that are tailored to your goals.

Location