Top Steps To Buying A House

Top Steps To Buying A House

Factors to consider when buying a house and how it can affect your child’s development

Steps to buying a house can be very daunting and discouraging. It takes lots of mental strength and patience to buy the right home. Several studies show that the home a child is raised in can affect their cognitive and socio-emotional development. Factors like pollutants, noise, crowding, chaos, housing instability, school and the quality of neighbourhood can play a key role in a child’s mental and emotional development. For instance, numerous studies reveal that chronic noise exposure early in childhood can interfere with reading acquisition. Another study linked overcrowdedly or poorly maintained apartments to aggression, anxiety and depression during the early stages of development. A disruptive or unsuitable housing environment can induce stress at an early stage, triggering a host of developmental problems like slow or poor language development, deficits in reading, impaired cognitive development and a host of other issues.

Of course, how a child turns up doesn’t depend solely on the home you buy. It is a complex mix of factors mainly genes and environmental influences. However, how the family is structured and the factors to consider when buying a home can have a profound effect on your child’s well-being. Beginning from infancy and running through adolescence.

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What does this mean to parents or intending parents?

Before choosing where to live or which home to buy, consider the long-term effects your neighbourhood will have on your children. The neighbourhood here includes the environment at your home, interaction with other neighbours and the overall ecosystem of the community you choose to live in. For instance, although there are many exceptions, kids that were raised in the barracks back-in-the-day tend to have certain character traits. The Barracks were usually crowded with loud noises, invasion of privacy and in some cases a lot of adult exposure. This sort of environment affected a child’s understanding of the world and how things work.

Here are some of the ways the environment can affect your child’s health and development:

The quality of the home a child is raised in can either improve or deteriorate the health of a child. In situations where the family’s at the brink of homelessness or eviction, neglect of the child is common. Also, consider the costs of housing in relation to other factors like food or health care. You need to make sure you don’t go broke from buying a house and then be unable to pay for other basic necessities.

Where your house is located should not be underestimated. When it comes to buying a home, don’t simply inspect the house, examine the locality as well. What is the area known for? What kind of neighbours would you have?

You definitely wouldn’t want to live close to neighbours who party into the night or close to a car park that’s always rowdy.

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Tips for buying the perfect home for your family

Buying a home to raise a family is a bit complex than just buying a regular house as an individual. An individual may settle for almost anything but kids require a lot more attention and a stable environment. Consider having a decent home as a vaccine that gives your child resilience and immunity against future threats. These tips include the following:

  1. Location

Location is everything. You could find an incredible house at a perfect price but it could still be unsuitable if it’s located in an unstable neighbourhood. You may think you can keep the stuff you don’t like outside your walls but they usually find a way to creep up the walls.

The location of the home you’re buying should be top priority. Consider the following questions: Does the area have safety issues? What’s the distance to school? What are the available health facilities? Is there access to shops? Are there provisions for extracurricular activities like a playground for kids? What’s the demography of your neighbours?

Pay a little less attention to trivia things and focus more on getting the right features that would help you and your family feel safe and properly nurtured. You will feel more confident as a parent and homeowner.

  1. Choose the right Amenities

Evaluate the functionality of the home. Consider the size of your family in answering questions like; is the kitchen and dining room space sufficient? Is the laundry room spacious enough to fit a washing machine? What about the number and placement of sockets and doorknobs especially if you have an infant?

Is the closet large enough? Can you conveniently place a cabin for extra storage? If you value outdoor activities, is there a yard? How easy is it to clean the house?

A house with glass walls may not be very practical or suitable for a family with young kids.

  1. Safety and Size

The size of your family determines how much room you need. Determining the right size for a family typically depends on preference. Certain building designs may actually be dangerous for your infant child who would crawl wondrously around the house. Consider the layout, fixtures and furniture in the house. Find out if built-in closets or cupboards can trap your toddlers inside or are the stairs safe?

Do countertops, tables and shelves have sharp, dangerous corners? Are the wiring and sockets out of reach or at least childproof? Is there an open pool nearby?

Safety concerns also extend beyond your house. Ask around for information about the crime rate of the area. How close is the house from a major highway? Is traffic moderated? Are the streets safe for kids to cross? Do drivers slow down or do they ignore road signs?

Are there any factories or other sources of pollution that may affect your children’s health?

The answers to these questions will determine to a large extent the well-being of your children and your peace of mind.

At Sevic PDC, we believe that homes should be comfortable, safe, convenient and affordable. We’re developing LekkiVale Estate with your family in mind, putting in place amenities suitable for you and the whole family. LekkiVale Estate captures the essence of nature, safety and accommodates the proper live-play environment for your family.

Your dream house could be one call away. Call us today on 09081234564, 09095757575 and we’ll walk you through the entire process of buying a home at the most affordable rates in Lagos.

You can also chat with us on WhatsApp: 09095757575 or email us at info@sevicpdc.com

To book an online appointment for inspection of our Estates, simply click here: https://sevicpdc.com/book-an-appointment/

New Home

New Home

If you forget the hassle of moving boxes; moving into a new home can be quite exciting; new neighbours, new home… a fresh start. Every new neighbourhood has something unique to offer and as a newcomer, you need to explore every single expectation of your new community. Before choosing where to buy a new home, here are some essential questions to ask when evaluating if it’s a good fit for you and your family:

 

PLANNED DEVELOPMENTS: 

Imagine moving into an estate that seems serene and quiet only to find there’s a club being built two blocks away from your house. It’s worth finding out the master plan of the estate you’re moving in. Ask to see the master design if possible, to help you choose a suitable location for your house or apartment. Also, checking out whether there are any planned developments fills you with a positive expectancy for the future especially if the estate is still being constructed. Find out if there’s provision for:

  • Central powered generators

  • Treated running water

  • 24/7 security

  • Playground for kids or a clubhouse and recreation centres etc.

recreation-centre

Recreation Centre

NOISE POLLUTION: 

Are you going to be waking up to the sound of your neighbour’s generator or is to the beeping sound of cars driving along the road a few inches from your window? Noise pollution is something worth considering if you want to have a peaceful new home. Unless noise pollution wouldn’t bother you or your family, find out how sane the estate is during the day and at night time. Find out their policies against loud parties that extend late into the night.

 

Read More: Don’t buy a House without considering these factors

 

ACCESSIBILITY AND EMERGENCIES: 

Living in a beautiful new home is wonderful except, no one would like to live in the middle of nowhere. Consider the accessibility to road network systems around the neighbourhood. Suppose there’s an emergency, are there any hospitals or clinics around? What about access to public transport or perhaps ATM machines? You also need to consider the traffic situation coming from and entering into your neighbourhood. Moving around Lagos can be tedious. You want to ensure that you’re not stuck in traffic just by driving out of your estate. These are things to be mindful of.

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Emergency – Call 112

SCHOOLS: 

One of the biggest factors to consider when moving into a new estate is to take into considerations the schools in the locality especially if you have children or intend on having children. When looking out for good schools around in the area, check out the record. Picking a school for your kids has an impact on how they behave and assimilate knowledge. Your children’s education is a priority.

 

Also Read: What to consider when investing in real estate in Nigeria?

 

PARKS AND RECREATION:

Ideally, most estates have recreational parks or clubhouses where people can hang out, and kids can have fun. Green areas and clubhouses are ideal for hosting events like mini-parties or a place where kids can have fun and play. Find out if there’s a plan for such a recreational park and if there is, visit and check if it’s functional. You do not want to pay for services and then, be unable to use them because they’re poorly maintained or inaccessible.

SHOPPING: 

It’s 7 am and you discover you’ve run out of bread or water; can you quickly find a shop to buy around? Living close to a grocery store is very important. It’s easy to underestimate its importance, but it makes life easy. Living near a shop is great for emergency supplies, imagine you get an impromptu visit from family or friends and you desperately need some drinks, all you would need is go down a few blocks to buy the items you need.

SECURITY: 

This is one of the most important factors to consider before moving into an estate. Find out what the security is like; do they allow random people to move in and out of the estate? do they have a patrol team on standby? is there a police station around?

Ask around to find out if they’ve been any major or minor incidence in the past. If they’ve been an incident, investigate further to ascertain if it was a one-off or a regular occurrence. You can never be too careful when it comes to ensuring safety for you and your family especially in Nigeria.

VULNERABILITY TO FLOODING: 

If you live in Lagos or other coastal regions in Nigeria, there’s a high probability of experiencing flooding during the wet season. Although your agent might show you a perfect house during the dry season, do your investigations to find out if there’s flooding during the wet season. You don’t want to use a canoe to leave your house after it rains and live in fear of water damaging your belongings. Another alternative would be to explore insurance costs to ensure that you can afford adequate coverage suppose there’s an unexpected disaster.

COMFORT: 

Above all else, a home should be comfortable. As your life progress, your needs transform. These needs affect everything you do including the type of house you need and where to live. Some of the questions to keep in mind in determining if a neighbourhood fits your lifestyle are; are your neighbours mostly young professionals? Do they have families with children?

Determine what you need; are you looking at a community with older residents or a bubbling young community? This should give you better perceptive in ensuring you don’t feel out of place in your new community.

Since you’re here…
Let’s Get You The Perfect New Home
We understand the importance of choosing the right new home and so, we’ve got just the perfect home that you’ll absolutely love.
LekkiVale Estate is located in the heart of the Ibeju Lekki Peninsula; encapsulates all it takes to give you a new home. We’ve aligned all the factors necessary to give you an absolutely comfortable and luxurious lifestyle.
Every aspect of LekkiVale Estate radiates a lifestyle of sheer relaxation and soft elegance, well deserving for you.
From the elegantly designed buildings to our unmatched amenities offering:
• A central connection of treated running water
• 24 hours generated power supply
• Well paved roads and covered drainage systems
• Top notch 24 hours security and access control
• Sewage treatment
• Green areas and Kids Park
• Recreation centre

For more detailed information about getting the best real-estate deals in Lagos call us today at 09081234564, 09095757575.

You can also chat with us on WhatsApp: 09095757575

Send us an email at info@sevicpdc.com and let us give you the investment of a lifetime.

Related content: Why You Should Insist On Verifying Land Titles Before Buying Land 

True life story: How we bought our first Home!

True life story: How we bought our first Home!

Femi and Ada have been married for eight years. When they first got married, they both agreed to buy their first home in two years. Like most young couples, they spent a good part of their savings on their first baby who arrived sooner than they had planned.

Femi figured it wouldn’t be a bad idea to hold a little longer on the housing project, coupled with the fact that he was now saddled with more bills. Ada had to take a break from work for a year to take care of their baby. Their savings dwindled and by the time Ada was ready to work again, the focus was now on paying school fees for their young son.

Five years passed and Ada got pregnant again with their second baby. Femi took up a side hustle to stay afloat with all their growing expenses. Ada once again had to take a break from work. The cycle continued. They managed to keep up with everything else except their dream of buying their own home.

The idea, however, crossed Ada’s mind from time to time. She wanted a bigger kitchen, an extra room for guests and a play area for her kids. Spending time alone at home with her second baby gave her ample time to think and plan. She looked at the possibility of them buying a home upfront but, before the thought settled, she quickly ruled that out as there was no visible way to make that happen in the nearest future.

Ada wanted a house in Sangotedo; it wasn’t too far from V.I, Ikoyi and the rest of Lekki. Cost of houses in the area where relatively fair and the location was serene for raising kids.

Ada shared her concerns with Femi, sharing her findings of Sangotedo. Femi wasn’t thrilled at first but was ready to actively work towards the goal of homeownership. It meant doubling up at work and saving a lot more. Ada too opted to take on baking and making small chops in her spare time. They both agreed to drastically cut back on expenses, completely taking off the following:

  • Takeouts and eating at restaurants.
  • Friday night hangouts and drinks with the boys.
  • Buying ‘asoebi’.
  • Sold off belongings they weren’t using like their old couch that sat in a storage room.
  • Minimized her movements to the precise places to maximize fuel consumption.
  • Cut down on power and gas usage; switching off lights that weren’t used and monitoring gas consumption.

With Ada’s new food business and Femi putting in more work, it wasn’t long before Femi earned a good commission for closing a client he’d been working on. Meanwhile, Ada used most of her daily income to run their home. After six months, they made a 30% down payment on their newly finished four-bedroom house at Sangotedo.

true-life-story

Saving for a home

They opted for a mortgage loan to cover the rest of the payment for a period of five years. Of course, they could have continued saving and directing most of their income towards their housing project but they had other expenditure to worry about like school fees, health care and savings to re-invest in their respective businesses.

Read more: How to effectively transition from renting to owning a house

Their mortgage program was approved for a period of five years. They set their monthly payment at 20% of their total monthly income. Femi plans to complete the payment even before then. He’s truly grateful for the experience of putting more effort at work and saving more.

He said that the process of buying their first house has instilled a good dose of discipline in him and he wouldn’t stop putting much effort in achieving his goals.When we asked Ada what was the one thing that had driven them to achieve their goal, she said, it was taking the decision to make it happen.

In her words, “when you decide it’s time to own your home, and stay committed to that decision, everything else begins to fall into place. You come up with new ideas, you find better ways to spend money and in short, you become a better person for it.”

Since you’re here …

We’ve got the best deal for you. Buying a house is a huge decision to make. There’s a lot to choose from and a lot of uncertainties and paperwork, not to mention they cost m. Let’s narrow it down for you. LekkiVale Estate, located in the heart of Ibeju Lekki encapsulates all it takes to give you a home. We’ve aligned all the factors necessary to give you the type of comfort and luxurious lifestyle you deserve:

  • A home located within the urban area of Lekki
  • 24/7 electricity and water supply
  • Ample parking space
  • A valid C of O land title document

What’s more, we’ve got all these for you at the most affordable price possible. Call in today on 09081234564, 09095757575. Send us an email at info@sevicpdc.com and let us give you the investment of a lifetime.

You can also chat with us on WhatsApp: 09095757575

So, why should you bother calling us today? …Because we understand what Home means to you.

House Rentals or Buying a House: Consider the following factors

House Rentals or Buying a House: Consider the following factors

House Rentals or Buying a House are two sides of the housing coin.

At some point in your life, you’re going to decide between renting or owning a house. Depending on your circumstances, renting a house or owning might be the best option for you. Both options offer various advantages and disadvantages. Here are the pros and cons of owning against renting a house:

Pros of renting a house

Flexibility: Renting a house is ideal for people who require a short term living arrangement in a region or country. Renting allows flexibility to move once your payment is up. It’s a good option for students living close to school or people who do not intend staying in a place for too long or would likely move around a lot because of work.

Also, it’s easier to move out at any time when you’re a tenant. You’re not saddled with the responsibility of looking for a new tenant or buyer. That becomes the job of the house owner.

Affordability: Compared to buying a house, renting is pretty affordable. Especially when you’re renting in an area you can’t afford to buy property in. For instance, you could afford to rent in Banana Island although you might not be able to own a house there. Well, depending on why you need to live in a certain location, renting, in this case, is an ideal choice.

Greater financial freedom: As a tenant, once you pay your house rent for a period of a year or a few months, you can invest any additional income into other ventures like investing in the stock market or even saving towards buying your own home.

 

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LekkiVale Estate features

 

Read more: Don’t buy a House without considering these factors

Cons of renting a home

Bound by agreement: As a tenant, you’re set bound by an agreement to a landlord. The terms of this agreement are should be thoroughly looked into in order to avoid situations where a landlord, for instance, increases rents at the middle of the year without prior notice. Also, depending on your terms of the agreement, you might be restricted when it comes to making changes in the house like repainting or renovating without the consent of the landlord.

No wealth creation opportunity: Renting offers no return on investment, there’s no wealth creation on your part. Other than the service of having a roof over your head, the property remains that of the owners and so, once your rent is up, the house ceases to be yours.

In the same line, while renting a property, you have no control over annual rental fluctuations. The house owner can decide to increase rents due to one reason or the other and you would have no choice but to succumb or look for another alternative.

No guarantees: As a tenant, there’s no guarantee that your lease will be renewed once your rent expires. Unless perhaps you have an agreement with the house owner. The house owner can decide to sell off the property or bring in new tenants. As such, you might be left stranded when your rent is up.

Pros of owning a home

Security: Owning a home gives you a feeling of satisfaction and security. You have one hundred per cent creative rights over your property and can decide to do with it whatever you want without any restrictions placed on you.

Owning a home is an ideal choice for a stable family who aren’t intending to move around any time soon. For instance, a young growing family has the added advantage of settling into a region of their choice, where they can raise their kids and send them to schools around without the fear of losing their home at any time.

Financial freedom: As a homeowner, you can decide to sell your property at any time or use it as collateral for a loan. Owning a home also gives you the added advantage of value appreciation. Owning a house in Lagos, for instance, can give you an ROI of up to 40% in two years depending on the location, allowing you to make a profit should you choose to sell.

The sense of responsibility: Owning a house is one of the common hallmarks of success. There’s a certain level of confidence and fulfillment that comes with owning a home, its overwhelming sense of responsibility flows into every other aspect of your life.

Generational Wealth: Owning a house gives you the opportunity to build generational wealth. A house will likely stay up long after you’ve passed on and could serve as a harbour for wonderful memories for you and your family. The value appreciation on the property can be transferred from one generation to another.

 

Also read: How to effectively transition from renting to owning a house

 

Cons of buying a home

Huge financial commitment: Buying a home requires a huge financial commitment. It might require you to suspend other commitments until the acquisition process is completed. In addition to the acquisition costs, you would require additional funds to maintain a house like renovating, paying for damages, insurance etc.

Mobility restrictions: As a homeowner, you would be more compelled to live in a location longer than you may want to. You might not be able to relocate at will suppose a job opportunity comes up.

The risk of selling at a loss: As a homeowner, you can run the risk of not making any or very little profit through a resale. Instances of this scenario are not common but depending on certain economic factors like a recession or the location your property becoming less desirable could lower the value of your property. Regardless of where you’re in life right now, at some point, you might consider buying a house for yourself or your family.

 

 

At Sevic PDC, we are dedicated to developing comfortable and affordable homes, perfect for you and your family. All our properties are offer premier amenities like:

  • 24/7 electricity supply and treated water supply
  • Completely finished, contemporary apartments.
  • Recreational Park for kids and adults (clubhouse, gym, basketball court)
  • Top notch security and access roads

All our properties have valid documents and are free from litigation issues. Call us today at 0908123456409095757575. Send us an email at info@sevicpdc.com to speak to our real estate investment expert on the best plan that can fit seamlessly into your budget and guidelines into giving you the type of home or real estate investment that you want.

You can also chat with us on WhatsApp: 09095757575 09081234564

Home: Top tips for a first time buyer

Home: Top tips for a first time buyer

There is no place like home!

For a first time home buyer, it might seem a little complicated buying your first house. Let’s face it, it can be tough out here sometimes. You have to deal with rush hour, long hours at work, school, meeting deadlines, achieving goals, dealing with colleagues, bosses and the many other factors totally out of your control. The one place in the world you can truly call yours is your home.

Tell me about the home of your dreams…

Studies show that the environment you live in greatly affects your well-being and longevity. Our homes reveal our true personalities. From the colour of the walls we choose to the texture of the sofa we sit on. However, you don’t need a study material to explain the joy that comes from owning a house, your own home!

Do you see your home as a sanctuary and a harbour of joyful of memories? Let’s help you find out.

 

home

 

Read more: All You Need To Know About Land Documents In Nigeria

Factors that transform a house into a home

Comfort: First off, your house is a familiar space. Although joy, peace and happiness cannot be bought, you can certainly buy comfort and you should. Imagine having 24/7 electricity, constant supply of treated running water and ample parking space, and the freedom to revel the beauty of rich horticulture.

Identity: My cousin recently got herself a two-bedroom apartment. She instantly transformed her bedroom into a haven colour. She even painted her ceiling purple. She explained there’s an amazing feeling that comes with buying a house. A place you can transform to suit your taste without having to explain yourself to anyone.

Security: One of the few things you can guarantee yourself and your family is having a safe place to lay your head every night. You and your family deserve security, if not, why even bother working so hard? Your own bed is usually always the best of all. If you’ve ever travelled, you can tell the agony that comes from sleeping on a bed that’s not yours. For me, my bed is one of my best places on earth.

Happiness: You cannot buy happiness, literally. But, you can buy a beautiful apartment, where you can be yourself and have your family and friends over. Home is where you can create memories that will last a lifetime. Home is a happy place!

 

Also read: Did You Say You Can’t Afford it? You Might Just Be Wrong

 

Since you’re here …

Here’s a deal you shouldn’t say no to. Buying a house is a huge decision. There’s a lot to choose from and a lot of uncertainties and paperwork, not to mention the cost.

Let’s narrow it down for you. LekkiVale Estate located in the heart of the Lekki Peninsula encapsulates all it takes to give you a home. We’ve aligned all the factors necessary to give you the type of comfort and luxurious lifestyle you deserve:

  • A home located within the urban area of Lekki
  • 24/7 electricity and water supply
  • Ample parking space
  • A valid C of O title

What’s more, we’ve got all these for you at the most affordable price possible. So, why should you bother calling us today? Because we understand what Home means to you.

Call in today at 0908123456409095757575. Send us an email at info@sevicpdc.com and let us give you the investment of a lifetime.

You can also chat with us on WhatsApp: 09095757575 09081234564

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