Buying a property in Nigeria has never been an easy task. Trying to joggle between agents, house owners, documentation etc. are scary and no jokes stressful.
So many questions swoops the mind of a potential buyer-where should I buy? What type of documents should I look out for? Will I find a house in my budget? What kind of house should I buy? Etc.
We know and we’ve had a great number of Clients who have been there.
Property buying process can be both exciting and strenuous at the same time. Ensuring adequate preparations are made like having the right information can help influence the turn of events and ultimately reduce stress.
Well, here is a compendium to guide you in making the right decisions when acquiring a property in Nigeria.
- A good research. Doing your research can not be overlooked. A good research should cover type of property needed, reliable real estate companies, prices (affordability), documents needed, state and neighborhood. You need to know all this first hand.
- Get a good real estate company. In our previous episodes, we have always laid emphasis on why properties should be bought from a company rather than an individual. Getting a good real estate company to help close the deal cannot be over emphasized. Apart from preventing the risk of being scammed, getting fake documents and not being allocated your property in time, companies save you from the paper work stress and makes sure you get the best there is.
- Property inspection. Property inspection is an important process in acquiring a property. You get to know more about the property, build a connection, look at the plumbing services if it is for a house, power points, ceilings, doors, check for mobile coverage(very important). Do not make a hasty decision, be patient. Ask a lot of questions and inspect as many properties as you wish to before making a decision.
- Make sure the property you have settled for is within your reach. Truth is, most times, there are other hidden fees. From allocation fees, documentation, survey, allocation, development and to renovation fees. Be sure to inquire about all this and make sure they fall in your budget. Should not be far-fetched from your budget.
- Future plans for the neighborhood. After visiting the neighborhood you like, find out what plans the government have for such areas, specifically, development plans. For instance, Ibeju Lekki has a number of companies, LFTZ, Deep sea port, proposed airport etc.
- Is it resalable? Confirm that such property is resalable. In an event you want to sell the property, be sure you can sell it at a higher rate than you got it.
JulsHomes have a number of property listings in Abuja and Lagos, all in strategic locations. Our newly acquired Royalville Residence in Abuja and Blue Hive Residence here in Lagos provides luxury for less.
Simply send an email to customerservices@gmail.com for more information.