If your property in Lagos has hit it’s peak, what else?, do you just sell or you can repurpose the property to continue making more returns.

Repurposing might sound new to you, it’s not complex, you simply change the purpose of a land or house, that is you change what you use it for

For example, you have a 3 bed house somewhere in Lagos, repurposing means converting this 3 bed apartment to 3 units of 1 bed flats or 2 units of 2 bed flats and 1 Bed

In the context of Lagos real estate, we’re already experiencing repurposing in the heart of Lagos mainland, around Yaba, Surulere, Bariga, with old face me and face you buildings demolished for 3 floor serviced flat apartments

Therefore, repurposing a land or house is a continuous cycle, as the property hit it’s peak of a cycle, we convert the property once again to whatever purpose that fits that market and demand in that location.
Watch the video below for more tips.