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.
This is a story based on a businessman who failed to verify the land title on the property he bought.
SegunAbejuis a businessman who decided to invest in real estate. His decision was based on the need to securelong-term investment and a retirement plan. After talking to an oldfriend about his plans to buy a few plots of land, his friend claimed to know a family who was selling offparts of their large estate at a give-away price at Sangotedo.
Segunsaw 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 friendscheduled a site visitation to inspect the land.Segunnoticed the shabby signboard at the entrance, but his friend argued that since itwas 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 weeksafter 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 takematters into his hands. He went out to checkthe land for the second time, in an attempt to get in touch with the family that ownedthe 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.Itturned out the landbelonged to the government. For months Segunstruggled 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 people, it 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 itcomes to acquiringproperty, verificationis a crucial process.It doesn’t just end at inspecting the property.Youneedto ensure the land you inspected is owned by the seller.
Recently, we hadanotherclient who had been previously cajoled into buying a propertyhethoughthad a C of O. It turned out the land document he had seenbelonged to anotherproperty, completely different from the propertyhe had inspected.
Benefits Of Verifying Land Documents:
It shows proof beyond doubt of the validity and ownership of the property.
Itacts as a form of insurance.
Italsogivesyou 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.
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 personyou’re buying from or interfacing with is your uncle, aunty, boss, friend, pastor…make sure they provide all the documentationyouneed before proceeding to makepayments. Also, take the time to read the documentsyou’re given carefully.
Great! We’d loveto 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 09081234564, 09095757575 or send us an email at email@example.com
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)
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.
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
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.
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.
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 09081234564, 09095757575 for more information or Send us an email at firstname.lastname@example.org.
2019 General Election season is just around the corner and the recent turn of events in the political sphere of Lagos has been thrilling leaving room to heavy speculations. Although no one can say for sure how next year’s going to turn out. Here’s a brief synopsis of the economic development trend of Ibeju-Lekki since 1990. (more…)
On average, it takes about 1hour 45mins to go to the Murtala Muhammed International Airport (MMIA). If you live in Lagos unless you’re driving by 3 am, you might get stuck in traffic. Lagos is home to 21 million people, making Lagos the most populous city in Africa and home to many multinational corporations.
Naturally, there’s a large influx of people streaming in and out of town. Due to the pressure on the only existing airport, former Governor Babatunde Raji Fashola initiated the new international airport project at Ibeju-Lekki. The new airport expected set to lessen the pressure on the dilapidated federally owned Murtala Muhammed International Airport and serve the fast-growing industrial Lekki hub, the Lekki Deep Seaport and Dangote’s 650,000bpd refinery, among others.
Other than serving its primary purpose, the new airport will boost residential as well as commercial infrastructure. Ibeju-Lekki has already bagged massive projects like the Free Trade Zone, taking it a step closer to becoming the next commercial hub of Africa.
What do all these mean for you?
Firstly, if you’re a frequent traveller, living near an airport is the superb choice for you. Owning a home in LekkiVale estate offers you accessibility and a chance to skip traffic and parking space issues at the airport. You get to fly in and out of town with ease without having to plan a whole day around it. No more fear of missing your flight should ‘Lagos roads’ get crazy. The areas surrounding airports enjoy well-paved roads and connectivity. This is an excellent place to mention the fourth mainland bride scheduled to commence development by the end of the year, December 2018. This region will attract a huge population influx all prying to take advantage of its endless opportunities. Equally, proximity to an airport speeds up the level of development of the neighbourhood. Ibeju-Lekki is bound to emerge as a commercial destination, witnessing explosive expansion in infrastructure and developments like retail outlets (ShopRite is currently building an outlet at Ibeju-Lekki), malls, hotels (same as the Oriental hotel), schools, entertainment zones and restaurants. This level of development guarantees a high standard of living and access to premium services and amenities. LekkiVale Estate guarantees world-class amenities like a community centre, swimming pools, sports arena, gym and green zones.
It presents an opportunity for an assured sustainable investment. But before you go signing checks, you need to understand the importance of land titles and pricing. 90% of the lands located close to the airport do not have a C of O land title. Usually, most of the titles you’d see there is either excision in progress or Gazettes. This explains the gross price discrepancies between different real-estate companies. Before paying for any plot of land at Ibeju-Lekki, make sure it has a valid C of O title. Granted, your agent might tell you that a Gazette or excision in a process is a ‘done deal’ and that you have nothing to worry about, however, if you’re familiar with how the system works in Nigeria you’d understand that unless you have valid documents there’s no guarantee.
Properties located at the outskirts of an airport appreciate by to 40% value appreciation in the first few years after the completion of an airport and the rate goes up to about 80% when its activities fully commence. LekkiVale Estate is strategically located close enough for you to reap all the benefits associated with living close to an airport yet far enough to avoid the downsides of living too close to the airport like noise pollution and potential health side effects. The added advantage of convenience boosts housing costs. An example worth noting is Southlake, Texas, one of the nation’s wealthiest communities and home to high-ranking corporate executives, media personalities and professional athletes. Here, the average home price is about $800,000 and the DFW runway – sitting a mere 230 yards away – is one of the community’s big draws. “These executive and other white-collar workers are purchasing homes with quick access to the airport because they are air travel intensive,” John Kasarda, an airport business expert and consultant, also told Forbes. “People in finance, auditing, marketing, consulting, media, they’re the people that are clustering near the airport.” While noise pollution and potential health side effects are worrisome, it’s helpful to consider the advantages of living near an airport as well. Perhaps the biggest perk of all is that you will be – at the risk of sounding obvious – close to the airport. This means your travel time to any domestic or international destination will be reduced, something especially coveted by frequent fliers.
Living near an airport has its pros and cons. On the plus side, air travel will be very convenient and you’ll be able to save substantial time. On the downside, noise, pollution and health risks could be very real concerns, depending on the proximity to the airport, how busy it is the flight paths and even the type of aircraft used. LekkiVale estate at Ibeju-Lekki gives you a one-time offer to join the rise of the new set of millionaires, billionaires and Landlords in Lagos. Once again, do not miss this AMAZING opportunity.