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:
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
Playground for kids or a clubhouse and recreation centres etc.
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.
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 – Call 112
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.
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.
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.
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.
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.
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.
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.
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.
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 firstname.lastname@example.org let us give you the investment of a lifetime.
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.
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.
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 09081234564, 09095757575. Send us an email at email@example.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.
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.
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:
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.
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.
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.
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.
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.
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.
We’ve all had or have a landlord, at least most of us. Although you might not like your landlord, you must admit you need the housing services. Being a landlord isn’t as complex and time-consuming as it appears to be. Here are the top seven benefits of becoming a landlord: (more…)