Best Land deal in Nigeria: Land for Sale

Best Land deal in Nigeria: Land for Sale

Real estate development revolves around prime locations. Almost every aspect of land for sale can be changed except where’s it’s located. Location determines the price of a property.

For instance, you can have identical buildings, one located at Egbeda and the other located at Banana Island. Both houses built using the same materials and design will command different prices. The house located at Banana Island would cost as much as four times more than the house located at Egbeda.

Factors to consider in determining the right location to buy property

As an investor, you should always consider the present and the future when making investment decisions. For instance, an area that appears to be of enormous financial value now, might not be the case in the next five years or ten years. Just like a disregarded area now might explode in five years. However, in both cases, there are several forecasting determinants like the following:

 Would there be access to basic amenities on the land for sale?

The concept of sustainable development leans toward the availability of constant electricity, water supply, security, and well-paved roads. Look out for areas that have access to water, electricity supply and security. All these are the basis for economic growth without which, sustainable growth may be limited. Long-term real-estate developments are directly associated with and dependent on the availability of these variables.

 

residential-land

Residential Land

 

Read more: The ultimate land buyers’ checklist 

What is the predominant social class in the area?

The value of land for sale is correlated with the social class of people living within the area. Going back to our comparison of Egbeda and Banana Island: Egbeda is predominantly made up of low to middle-class income earners while Banana Island is inhabited by predominantly high-income earners. This social and economic disparity influences the price of both properties. In urban areas, town planning decisions largely depend on ‘who’s’ moving into or living in the area. As minimal as it sounds, it is extremely important to consider who your ‘neighbour’ is when buying land.

Is it close to major roads?

Access to the land via paved road is crucial. When it comes to buying land, convenience is everything. Areas located close to a major highway invariably attract sustainable development and thus high ROI on real-estate investments.

What is the official title on the land?

This is perhaps the most critical factor on this list. Even if a plot of land possesses all the above factors, if the land for sale doesn’t have a valid C of O or Governor’s consent, it’s best to avoid the land for sale. There are different land titles and each land title influences the price and ownership status of a property.

For instance, two plots of land located in the same region will command two different prices if they have different land titles. Suppose the first plot of land title is excision in process and the second plot has a  C of O. The second plot would likely cost twice and in some cases three times the price of the first land. The reason is, a C of O land title guarantees ownership and secures real-estate investments.

Also read: All you need to know about land titles in Nigeria

What is the ultimate deal for you?

Every once in a while, a fantastic opportunity for real estate investing like the Ibeju-Lekki area presents itself. Ibeju-Lekki has attracted massive industrial investments like the Dangote Refinery, The Deep Seaport, The New International Airport, The Fourth Mainland Bridge, etc. However, amidst all the buzz and rush to this region, there are severe cases of fraudulent land sales. If you’re not careful, you might lose your money by buying land you should avoid.

Firstly, most of the land available in this region do not have proper land titles. The Ibeju-Lekki area has been marked by the government as a growing urban zone and thus, most of the region legally belongs to the government. The common land title is the excision in progress title, which gives you a 50/50 chance of actually OWNING the land. While, A Certificate of Occupancy (C of O) protects you from all these uncertainties, and you’re assured of 100% ownership.

LekkiVale Estate offers you the BEST deal available in Ibeju-Lekki today, offering you the following:

  • LekkiVale Estate has a valid C of O
  • Flexible Payment Plans for up to 12 months.
  • Strategically located by the Lekki-Epe expressway, opposite the proposed New Airport.
  • LekkiVale Estate offers you FREE bespoke architectural plans worth up to N250,000 to choose from.

Call us today at 0908123456409095757575 or Send us an email at info@sevicpdc.com for more information.

You can also chat with us on WhatsApp: 09095757575 09081234564

 

 

 

Land for sale in Ibeju Lekki

Land for sale in Ibeju Lekki

Being unable to afford to pay for a plot of land is the number one reason non-land owners give as to why they haven’t bought a plot of land yet. Yes! They have a legit point.

Let’s face it, with our current Nigeria economy, it is challenging to pay upfront for a property. Before I start selling to on why you should buy properties from us, I’d like to share a story. This story might save you twenty years of hard work and savings.

Recently, one of our clients told us his story, read below…

“I bought a plot of land last year around Magodo for N8Million. After making full payments, I started sorting out my papers but then, I was informed and even queried that the land I just bought was actually government land. At first, I thought the problem could be sorted out, and all I needed to do was contact the seller but all my efforts to contact the seller and surveyor has proved abortive. To date, no trace of them. The land is currently under siege by government officials. I cannot believe people can do such a thing and get away with my hard earned money. This problem has given me sleepless nights. How do I come to terms with the fact that I might have just lost my money to fraudsters?”

*Client’s name and phone number have been withheld for confidential reasons.

The only thing worse than not owning property is paying for the wrong property. You do not want to let your money go down the drain or fall prey to endless court battles over issues that could have been averted. Before taking the decision to buy land, you must make proper inquiries. These are questions you must find answers to:

  1. Who are the sellers?

  2. In the event of a fallout, how do you contact the sellers?

  3. Where is the property located?

  4. What is the land title?

  5. What are the available payment plans?

Paying for the land is a process and it’s ok to be unable to pay upfront. The first step is to ensure to meet real-estate professionals who can show you the following:

  • Articulate, concise land documents.
  • Professional and prompt real-estate services.
  • Flexible payment plan, allowing you to start with as low as N100,000 monthly.

Whether you are buying to resell, or you are buying for personal use. Below are five key factors you need to consider before putting your money down:

  1. Zoning of the property

Every state government has a master plan for the city. Of course, it might not look like it especially when there are no infrastructural developments. Verify and ensure the land you’re paying for hasn’t been allocated for government use like marked for a railway track or reserved as a nature park. Once you know the zoning classification (e.g. – residential, mixed-use, roads/railways, industrial, agricultural, etc.) Once you identify the state use of the land, you can easily determine if it’s a fit you or not.

  1. The Topography of the Property

When buying land, you need to understand the topography of the property. This might just save you thousands of dollars that would otherwise be spent on leveling the land. Lands with unpredictable elevations, cliffs, valleys, ravines and more can have a huge impact on the build-ability of a property. Find time to inspect the land before sales. It’s important to chip in here,  choose the right seller who’ll make it a point of duty to take you for site visitation.

  1. Is the Property Located in a Flood Zone?

In some parts of the country, particularly in Lagos, are many areas susceptible to flooding during the rainy season. You need to know beforehand if the property is at risk of flooding before paying for the property. In other words, the rainy season is probably the best time to buy landed property, as a lot would be exposed during this period.

  1. Access to Water Supply

Let’s just say until our water system becomes super-efficient; if there’s no way of getting water, do not bother paying for the property. Ask questions! Find out the plan especially if it’s going to be an estate. Can you drill a well in order to access clean water? Or is there going to be some central water system? Make sure you find out, the same thing goes for electricity.

 

Read more: The ultimate land buyers’ checklist

 

  1. Title of the land

This land is my land (but…) court cases, omonile trouble, and government wahala. This is likely the most critical factor on this list. Your goal should be to buy land with a registered C of O title. C of O is an issued document by the state government to property buyers, proving that they are the legitimate owners of the land. This title goes for land that can be used for; residential, commercial or mixed development. Well, if you must buy from native owners(Omonile) of the property, make sure you do your findings to confirm that the land hasn’t been acquired by the government or sold in the past.

  1. Choose a Real Estate Partner That Has Your Back

To cut the long story short, you could either go through the rigorous, time-consuming process of finding out the aforementioned information or you could relax and have someone else do the job. Land verification isn’t the easiest thing to do, it takes weeks or even months to get your findings right. The wise option is to leave this complicated job to the real-estate professionals who know what they need to do.

Better still, save yourself the stress and buy into LekkiVale Estate. Here are four amazing reasons you should check out LekkiVale Estate:

  1. LekkiVale is located in Ibeju-Lekki; the growing commercial and ultra-modern commercial hub of Lagos. This area has attracted massive investment and infrastructural developments including an airport, seaport, shopping complexes, refinery and many more.
  2. LekkiVale has a registered C of O land title.
  3. LekkiVale is a planned residential estate with a detailed layout including a water system, parking lots, street lights, electricity plan, security, and many more amenities.
  4. With as low as N756,250, you can become a landowner with a property in LekkiVale.

 

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

 

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.

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

 

 

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