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.

emergency-112

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 

How to effectively transition from renting to owning a house

How to effectively transition from renting to owning a house

“Owning a home is a keystone of wealth — both financial affluence and emotional security.” – Suze Orman

 

Putting a roof over your family’s head is one of the most important things to do and if you’re like most Nigerians, you’re probably renting and you’re probably looking to transition from renting to owning a house. The most ideal way to provide shelter is to own your home because renting is basically making use of space for a specified time period.

There are cases where renting is ideal but if you intend on settling in a state or a particular location for at least five years, then buying your own home is a better and in the long-run a cheaper deal. The primary reason for this is, houses generally appreciate in value with time while money spent on rents can’t be recovered or attract any value appreciation.

 

Here are a few tips to help you shift from renting to owning a home:

  1. Keep a leech on your savings

One of the main reason most people don’t own homes is, they’re unable to afford it. There’s really no beating around the bush when it comes to buying a house, if you can’t pay a down payment, your finances are probably not stable enough to own a home. However, your financial state is never permanent. Through discipline to save more or seeking extra ways of earning more money, you can buy your dream home.

Here are a few tips to get you started:

  • Set precise saving goals.
  • Take note of all expenses including the seemingly minute ones.
  • Take up extra work to earn more.
  • Consider cutting down on the amount you currently spend on rent. For a family looking to buy a house, renting a relatively cheaper house would help save extra cash needed for your down payment.

 

nigerians-in-diaspora

 

  1. Keep Your mind on your Long-Term vision

Thinking long-term helps you make better decisions as most of your energy would be directed at attaining your end results. While you save towards your goal, devote your time into making all the necessary decisions to help you choose which house to buy. Keep in mind the following:

Choose your location carefully. It’s always better to move to a developing area rather than a declining or saturated area. The reason is, a developing area offers better economic opportunities and would likely attract high-value appreciation compared to an area that has reached its peak. A good example of this is, deciding to buy a house in Surulere or Sangotedo. All things being constant, a house in Sangotedo is more likely to attract higher value appreciation than a house at Surulere. The rule of thumb is, when purchasing a home, access its profitability suppose you resell it in a couple of years.

In addition, consider other long-term issues like schools available in the area, hospitals, shopping centres, location in relation to traffic, all these would help you assess how convenient it would be for your family down the line.

 

Read more: What you need to know about mortgage systems in Nigeria

 

  1. Budget for additional Total Expenses

A down payment or monthly mortgage payment isn’t the only things you’d need to consider when buying a house. Buying a house is committing yourself to cater for extra expenses like renovations, maintenance, insurance, taxes and utility bills.

In order not to end up overwhelmed with bills, ensure you make room for extra expenses.

Rule-of-thumb: Assume that you’ll spend 1% of your purchase price annually on maintenance.

Why? Your house has a lot of moving parts and unlike renting, where you can call the landlord, you’re your own landlord. Of course, this is just an estimate. How much you’d really spend on maintenance and bills depend on factors like; how much you consume in terms of utility rates, climate, age and the condition of the property.

 

  1. Renting is much more expensive than buying a home

In the long-run, the total cost of renting would likely be significantly higher than buying or even mortgaging. In Lagos, for instance where housing prices are high, the cost of renting for five years or even less than can be used as a down payment for a house (depending on the neighbourhood).

Quick tip: calculate how much it would cost to pay a monthly mortgage on the average home in the neighbourhood of your choice in comparison to your current rent payments.

Of course, the best option will be to purchase outright if you’re financially capable rather than spread payment, as that in itself attracts some amount of interest. Buying upfront also helps you make substantial profits suppose you turn around and decide to sell the property.

 

 

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. Rosewood Residences 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, underground parking space
  • A valid C of O

What’s more, we’ve got all these for you at the most affordable price possible. Call in today at 0908123456409095757575. Send us an email at info@sevicpdc.com and let us give you the investment of a lifetime. So, why should you bother calling us today? …Because we understand what Home means to you.

You can also chat with us on WhatsApp: 09095757575 09081234564

Also read: What makes LekkiVale Estate stand out from other estates

How Land Flipping Works In Nigeria

How Land Flipping Works In Nigeria

What is Land Flipping?

Land flipping is a type of real-estate investment that involves buying lands at a low price and selling at higher prices to make huge profits. This type of real-estate investment is profitable when land buyers buy land in an area that’s rapidly growing. You can make up to 300% on your investment in a few months or in some cases a few years.

Why land flipping is an incredible form of reaping profits:

Value Appreciation Of Land

The value of land compared to other forms of investments like cryptocurrency or stocks doesn’t fluctuate over time. Preferably, the value of land appreciates by day. In Lagos in particular, the value of land (depending on the location) can increase by up to 30% in one year. Certain areas like Lekki Phase 1 have seen a 500% value appreciation in the cost of land in just five years.

Lower Maintenance Cost

Land unlike other forms of real-estate investments require minimal maintenance. With buildings, you’d need to renovate frequently to maintain the integrity of the property. With land, you can let it sit fallow for years without spending much in maintenance and it will still appreciate in value. Land flipping is the ideal business for people who have low start-up capital and still want to reap huge profits within a short time period.

Ease Of Managing The Investment

One of the downsides of other forms of real-estate investments like rental properties is dealing with tenants, tax issues and other issues associated with maintaining buildings. We all know the stress that property owners face when it comes to relationships with tenants, government, etc. One bad tenant could cause a landlord to incur unnecessary expenses or deal with delayed payments. Flipping lands cut off all these contingencies. Plus, it’s easier to sell lands.

 

land-flipping

 

Read more: How to recognise a good land sales deal

 

Ease Of Sale

With lands, there’s relatively no need for special effects pictures or need much advertisement before selling the land. All you need is buy land in a fast developing area and wait for buyers to come knocking at your door, plus it’s easier not to have any emotional attachments on lands. It’s possible to resell land without the help of a realtor. You can take advantage of the many websites available to get the deal closed from the comfort of your room. The simplicity and stability that comes with owning the right piece of land, bought at the reasonable price, surpasses a wide range of problems that come with other forms of problems involved in other types of real-estate investments.

Very Little Competition to Deal With

Buying land spares you the stiff competition that comes with every other property on the market. Plus, as a land investor, you can call your own shots.

How To Make Money Flipping Lands

The key to making money from land flipping is determining the most advantageous location. Like we said earlier, people generally procrastinate doing important stuff like investing in areas that are developing. Most people would rather wait until the area has attracted value and relatively more costly before investing. Significant examples of this is the current rush to own property in areas like Lekki, V.I, Ikeja and many others.

What makes a smart land flipper is the ability to identify potential high viable areas and buy lands while the prices are still relatively low and then wait for the ‘procrastinators.’

Olatunji discovered this the easy way, and he has this to say,

“By this time five years ago, I had a pump in my salary, and I was actively looking for opportunities to invest. After going through a couple of options, I decided to invest in buying two plots of land at Ibeju-Lekki at N 800, 000 each. At that time, it seemed odd, all my friends asked why I would go so far to buy land. I reasoned that, if a Free Trade Zone was taking root there, it was only a matter of time before the value of lands around there appreciates. Anyway, I recently resold these two plots for N 5, 300,000 each. That’s an ROI 662.5% in five years. If I waited for a little over two years, I’d have undoubtedly made a 1000% ROI. I’m going further down to acquire more lands and wait.”

To make huge profits in flipping lands, follow these tips:

  1. Research thoroughly, pick out areas that are rapidly developing, have the potential for developing in future or already developed areas. Depending on the location and economic viability, certain areas mature faster than others. If you’re opportune to acquire land in a more developed area at a fair price, go for it. More developed areas are the easiest to flip in a couple of months and earn profits compared to developing areas. Developing areas may require a couple of years to fully appreciate.
  2. Ensure that the seller is the rightful owner of the land and has complete land documents including a Certificate of Occupancy or a Governor’s Consent. Avoid lands with inconclusive land titles like Excision in Process or Gazettes. Since you’re reselling, you must avoid getting caught up in land title issues. Go for clear, genuine lands with the appropriate land titles.
  3. If you’ve secured the perfect land at an ideal location, do some work on the land. Clear the land, create a path or road to the land. Get a surveyor to get the area marked and craft a brilliant description of the area; highlighting advantages to cajole a potential buyer to opt in.
  4. If you cannot write professionally, employ the services of experts in the field and then, run adverts on the land, utilizing the numerous social media sites and other forms of advertisement.
  5. Avoid getting attached to any property, so it’s easy to let go and sell to someone else. Always keep in mind that it is business, and you’re out to make a profit.

Conclusion:

Interested in investing in real estate? Here’s a once in a lifetime opportunity to invest in Ibeju-Lekki. LekkiVale Estate located along the Lekki-Epe expressway opposite the proposed New International Airport with a valid C of O is our fastest selling estate with ROI of up to 150% in the next three to four years.

 

 

Also read: What makes LekkiVale Estate stand out from other estates?

 

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

 

How To Verify Land Titles In Lagos

How To Verify Land Titles In Lagos

This is a story based on a businessman who failed to verify the land title on the property he bought.

Segun Abeju is a businessman who decided to invest in real estate. His decision was based on the need to secure long-term investment and a retirement plan. After talking to an old friend about his plans to buy a few plots of land, his friend claimed to know a family who was selling off parts of their large estate at a give-away price at Sangotedo. 

Segun saw this as an excellent opportunity to cash in and immediately bought into the idea. He was confident that his friend was handling the transaction. He went ahead to make the first deposit of N4,000,000 to his friend’s account. Later that week, his friend scheduled a site visitation to inspect the land. Segun noticed the shabby signboard at the entrance, but his friend argued that since it was a family property, they hadn’t bothered with maintenance. Segun didn’t mind, after all, the land reportedly had a C of O. He didn’t know much about verifying land titles. He didn’t want to bother himself with the stress.

Two weeks after the site visitation, Segun didn’t hear anything from his friend. He tried calling him several times yet no response. It was one excuse after the other with this said friend. After a month of no headway, Segun decided to take matters into his hands. He went out to check the land for the second time, in an attempt to get in touch with the family that owned the land. 

To his surprise, everything had been an act. There was no signboard and even the man who had posed to be the first son of the family was a paid actor. It turned out the land belonged to the government.
For months Segun struggled to get a hold of his friend but to no avail. He later found out had travelled out of the country.

Segun couldn’t believe he had been scammed. In his words, “God will punish all those peopleit will never be well with them. I cannot believe my own so-called friend did this to me.

As sad as it sounds, Segun is just one out of the many Nigerians that fall into the trap of fraudsters. When it comes to acquiring propertyverification is a crucial process. It doesn’t just end at inspecting the property. You need to ensure the land you inspected is owned by the seller.

 

land-flipping

 

Recently, we had another client who had been previously cajoled into buying a property he thought had a C of O. It turned out the land document he had seen belonged to another property, completely different from the property he had inspected.

 

Benefits Of Verifying Land Documents:

  • It shows proof beyond doubt of the validity and ownership of the property.
  • It acts as a form of insurance.
  • It also gives you the freedom to do anything you want with the property; either construction or re-selling.

Don’t just go for a site inspection. Always ask for a copy of the land documents. Take these land documents to the The General Surveyor’s office at Alausa, Ikeja.

Read more: The ultimate land buyers’ checklist 

How to Confirm the Authenticity of a Property Title

  • Ask for a copy of a survey plan and get a Surveyor to ensure the site you’ve visited fall within the stipulated survey plan.
  • Ask for a copy of the land document. Check the authenticity of land documents at the Land Bureau at Alausa.
  • Use the coordinates to cross-check what the plot of the land has been set aside for at the Master Plan in the Ministry of Physical Planning. Avoid lands that have been set aside for agricultural purposes or allocated for government use. Stick to lands allocated for residential purposes.
  • Demand to see the layout plan and pick a suitable plot.
  • Find out if there’s an ongoing dispute or litigation over the land. Find out if the land was inherited or bought. 
  • Make sure dates check out. Cross-check documents to ensure they aren’t fake. 
  • Document every single part of the transactions involved in buying land in Nigeria. From the cost of land to the survey fees. Treat every land transaction as it should be, a business transaction. 

It doesn’t matter is the person you’re buying from or interfacing with is your uncle, aunty, bossfriendpastor make sure they provide all the documentation you need before proceeding to make payments. 
Also, take the time to read the documents you’re given carefully. 

 

 

Also read: How to get the best land deals in Nigeria.

Got Questions? 

Great! We’d love to help
Call us today to find out more about investing in real estate in Nigeria. You can call us right now to book a land inspection at 0908123456409095757575 or send us an email at info@sevicpdc.com

You can also chat with us on WhatsApp: 09095757575 09081234564

Real Estate: The safest investment option in Nigeria

Real Estate: The safest investment option in Nigeria

It takes money to make money.

Someone once told me to forget about building wealth if I wasn’t willing to take the risk of investing in long-term ventures. They are typically two types of investments; long-term investments and short-term investments. Each option comes pros and cons. Typically, the economy you find yourself in determines the sort of business you should invest in.

Nigeria is an emerging, middle-income, mixed economy with rapidly expanding manufacturing, financial, service, communications, technology, entertainment and real-estate sectors. Although fairly stable, the Nigerian economy is immensely influenced by its political stability and transference of power. Each political tenor typically comes with new policies and in most cases, hinder the furtherance of the past tenor’s developments. In a country that works like this, investing in real estate is one of the safest investment options that hardly succumbs to the frequent political alterations.

Real estate is the quickest way to build wealth (not overnight) in a lifetime. It is largely a numbers game. Investing in real-estate is not reserved for the financially buoyant, it’s an open playing field that guarantees good financial returns and you can be a part of it.

Read what Pastor Paul Adeferasin, Head Pastor of the House On The Rock Church has to say about investing in real estate in Nigeria:

10 years ago, we bought House On The Rock, an area just under 10 acres for ₦25 million. This same area without the brick and mortar is currently valued at ₦3 billion. In other words, we’ve created an asset base with 10 years differential of ₦3 billion with just ₦25 million. With the fully finished and furnished building, the value spirals to at least ₦10 billion naira today. What about 50 years from now?

(Text has been revised and paraphrased)

 

houses-for-sale

 

How Can You Benefit From This?

The value of the property appreciates over time. There are various ways to invest in real estate, however, this article focuses on land acquisition. The simple rule of thumb is, buy low, sell/lease high, save profits and re-invest in acquiring more properties. This is how to exponentially grow your real-estate portfolio particularly if you’re just starting out.

Go For Land

Acquiring land gives you the opportunity to start on a small scale, with minimal maintenance. Land can lay fallow for years and still appreciate in value compared to a property that needs constant maintenance and a truckload of cash. However, with acquiring lands, you need to tap into the gift of foresight; see where the future is going and get there before the crowd does.

Today’s most lucrative estates where once seen as far-off and unreachable. For instance 10 years ago, the Lekki region was extensively swampy and seemed to have low prospects of growth. At this time, the lands were inexpensive and seemed unprofitable. 10 years down the line and a plot of land (if available) in this area is worth millions.

What Makes Nigeria Such A Fabulous Location?

Rapid Growth Rate

As reported by Worldometers, Nigeria’s current population is 197,363,050 based on the latest United Nations estimates. With a population density of 215 per Km2 (557 people per mi2.) 51.0 % of the population lives in urban areas (99,967,871 people in 2018)

The median age in Nigeria is 17.9 years. (An actively growing population) The total land area is 910,770 Km2 (351,650 sq. miles); an amount that’s relatively fixed.

With the above statistics, this is a good place to quote Mark Twain.

“Buy land. They’re not making it anymore.”

Nigeria’s economy is growing and has an exploding population rate, coupled with its tenacity of its people, buying land is the surest way of securing your future and building wealth.

 

Read more: Top ways to save and invest in real estate.

How to spot a great location for land acquisition?

The smartest decision with buying land is the location. Choosing the right location to buy land is EVERYTHING. In choosing where to buy land, consider the following the following factors:

  • The economic growth potential of the region
  • The level of immigration
  • Infrastructural developments
  • Nature of land; is it prone to flooding?

The biggest mistakes investors make is buying overpriced land in an economically declining area and yet expecting a high ROI in a few years. While the value of land appreciates, there are areas that appreciate faster than others. Some might take 10 years, while others take 5 years.

Find out where the industries going. Consider the history of the area. Is the area prone to social, political or religious riots? Where are multinationals pining their tents?

Keep in mind: where companies go, young people go; where young people go, smaller businesses follow and then, the demand for housing needs shoot up.

 

Also read: The ultimate land buyers’ checklist 

Always Compare Prices

Just because you have gotten the perfect location doesn’t mean you should pay the first amount they ask for. Always compare the price of the land with the neighbourhood. Strive to get the best deal possible, baba ask questions. Most importantly, ask for the land title.

 

An interesting piece to read: Land Titles and how it affects your investment

 

Choose LekkiVale Estate

LekkiVale Estate is located at the heart of Ibeju-Lekki. Ibeju-Lekki is generating all the buzz in the economic development sphere in Lagos state. This region is expected to be the prime commercial hub of West Africa by 2025.

LekkiVale Estate presents the perfect opportunity to invest in this booming region. Lekkivale Estate is 100% dry land with a Certificate of Occupancy. Call us today at 0908123456409095757575 for more information or Send us an email at info@sevicpdc.com.

You can also chat with us on WhatsApp: 09095757575 09081234564

Let’s give you the best investment deal of your life with a guaranteed 150% ROI in three to five years.

 

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