DISADVANTAGES OF OWNING LAND: WHAT YOU SHOULD KNOW BEFORE YOU INVEST
The disadvantages of owning land can feel overwhelming if you’re new to investing. And yes, even though owning land has many benefits, it’s important to understand the downsides too. Before diving in, let’s take a moment to break down the disadvantages of owning land, especially for first-time buyers and young investors.
Picture this: You’re saving money to buy a piece of land. You imagine building your dream home or watching your investment grow. But then, you hear things like “no income,” “hidden costs,” and “government issues.” Sounds scary, right? Looks bulky? Let’s simply unpack these.
1. Land Doesn’t Give You Quick Money
When you buy land, it doesn’t magically start giving you money every month. It’s not like renting out a house or running a shop. You have to wait. Land is more like planting a tree. It takes time to grow. So, if you want fast money, land might not be your best choice at first.
For young investors or teens saving their first millions (or thousands), this can be frustrating. You put in your money, and it just sits there. But remember: the quiet ones usually have the loudest returns later.
2. You May Face Extra Costs You Didn’t Expect
You might think, “I’ve paid for the land, so I’m done.” Not really. Sometimes, there are extra costs you didn’t see coming. Like:
- Legal fees
- Survey charges
- Land clearing
- Taxes and levies
- Title processing
It’s like buying a phone and then realising you need to buy a charger, a case, and earphones separately.
This doesn’t mean land is bad. It just means you should be prepared. Know the full cost before you say yes. Ask your land advisor about these fees so you won’t be caught unaware.
3. You Might Buy Land That Has “Wahala”
Some lands have problems. Maybe the person selling it isn’t the real owner. Or the land is under government acquisition. If you don’t do proper checks, you could lose your money.
This is where it helps to work with trusted companies. Brit Properties, for example, makes sure all their lands have verified documents, so you don’t end up buying “bad land.”
4. No Immediate Use
Let’s say you buy land today. You might not be able to build on it or use it immediately. Maybe there’s no road yet, no power, or no development in that area. This can be disappointing, and it’s one of the common disadvantages of owning land that people often overlook.
But here’s where we switch gears, because while all these are true, they don’t paint the full picture.
Now Let’s Talk About the Bright Side
We’ve discussed the disadvantages of owning land, but guess what? Most of them are short-term. In fact, they’re more like little bumps on a long, smooth road.
So, what makes owning land a smart move for both young investors and seasoned pros?
1. Land Grows in Value
Land is one of the few things that nearly always increases in price over time. Unlike cars or gadgets that lose value, land appreciates.
You buy it for 2 million today, and in a few years, it could be worth 10 million. That’s how generational wealth is built.
2. No Maintenance Stress
Unlike houses that need repairs, repainting, plumbing fixes, and all that, land just sits there quietly increasing in value. And while there are some disadvantages of owning land, the low maintenance cost is one of its biggest advantages.
3. You Can Start Small with Land Banking
Even if you’re not ready to own land outright, land banking lets you invest in land and earn returns over time. With BritandBanking, you can start from as little as ₦5 million and earn 30% ROI in 12 months.
It’s perfect for those who want to grow their money without the headaches of full property ownership.
4. Land is Safe and Solid
Stocks can crash. Crypto can disappear. But land? It stays. It’s real, physical, and always in demand. That’s why smart investors always have land in their portfolio.
5. It’s a Legacy Investment
Buy land now, pass it to your kids later. That’s how wealth moves across generations.
Even teenagers starting early can benefit. Imagine owning land at 18. By the time you’re 25, you could be sitting on serious value.
Here’s the Bottom Line
Yes, there are disadvantages of owning land. It doesn’t pay instantly, there might be extra costs, and you need to do your homework before buying. But once you get past those hurdles, land becomes one of the smartest and safest investments you can ever make.
It’s like climbing a hill. The start is hard, but the view at the top is worth it.
So if you’re ready to explore land ownership or land banking in a way that fits your lifestyle and budget, check out our offers at Brit Properties. You can own land, invest through land banking, or secure land for your children through our Young Landlord package.
Don’t wait too long.
Click [here] to get started today.
