Buying land is always hot. Millionaire Real estate investors say the best time to buy land was five years ago and the next best time is today. But, before you go bringing out your cheque books, you need to understand the land business. Buying and selling land is good business if done correctly. The following are important pointers to help you determine where to buy land.
Establish what you want to use the land for
People buy land for different purposes like buying a house, for commercial use, land flipping, agricultural use, a recreational park etc. To help you get started, answer the following questions:
Set a clear and concise objective for buying land. What do you need the land for?
Determine the most suitable location for your chosen venture.
Define the size required, boundaries and access to and from urban centres.
Verify the title documents of the land. Choose lands with proper land documents.
Identify the problems involved in acquiring the land and evaluate the risks involved. Identify possible solutions before moving ahead with the transaction. For instance, if you decide to invest in a land yet to be excised by the government, take into consideration the consequences should the government decide not to excise the land. All investments have a degree of risk. Choose your risks wisely.
Distinguish between long-term ventures and short-term ventures. For instance, buying land for agricultural use is a longterm venture. Depending on what you intend on planting, it could take as long as five years to see returns on your investments. Land flipping, on the other hand, could reap a good return on an investment after a year or two.
Think long-term. It is always more profitable to buy land where people will settle in three to five years from today. The challenge is, no one knows for sure where people may decide to settle in the future. However, they are predictive economic factors that could help determine where the next people will migrate to.
Once you’ve decided what you need the land for, do your research on the size required and the right location. For instance, if you’re looking to buy land to build a commercial building, you’d need to choose a location where businesses would want to pitch their tents. In the same vein, if you want to buy land to plant cocoa, the first thing to consider is choosing the location with suitable weather for growing cocoa.
Although, millionaire investors advocate for buying land, having a purpose for buying land is the first step in the right direction.
Determine the basic features of the type of land you need
To get the best land deal in the market, it’s necessary to take into consideration certain features like the following:
The land resources, climatic conditions in the area, soil type and landforms. Coastlines in Lagos are prone to flooding during the rainy season. Before buying land, it’s important to examine the soil type and the nature of the land. Would you need to sand fill before building? How much clearing do you need to do?
Examine and verify the survey plan. Ensure the land you want to buy falls within the coordinates of the survey plan. If you’re buying land in Lagos, verify the survey plan at the Surveyor General’s office at Ikeja to make sure the assigned purpose of the land is the same as your objective. For instance, if the land had been assigned for agricultural use only, you cannot buy the land if your objective is to build a residential building.
Take into consideration the existing infrastructure. Is there any access to the highway? What is the distance to the closest urban centre?
Consider the land tenure system in the locality and how it can affect your rights to use the land. There are certain areas in Lagos that require a buyer to see the Oba of the local town before buying land in the locality. Take all these into account when choosing where to buy land.
Finances are a significant determining factor in determining whether or not you can acquire a property. It’s no use going through all the trouble in making sure the land you want to buy is a perfect fit if you don’t have the means to finance the project. The cost of land isn’t just limited to the cost of land per square meter. There are hidden factors that cost money and should be taken into consideration like the following:
Gathering information and researching on the land in itself costs money. The cost of verifying land documents, the transportation cost of going for a site inspection and cost of inviting a surveyor to survey the land all costs money.
Consider the cost of providing support services like clearing the land and paving a road. Some real estate companies bear the cost of clearing, fencing the land and paving an access road. However, in a case where these services aren’t provided, you’d need to determine the cost.
Additional fees like developmental levy, survey fees and documentation dues may not be included in the cost price of the land. Before making a commitment, find out if there any extra fees and when and how these fees should be paid.
Inspired by the warmth of home and the love of lavish living, SEVIC PDC brings you a paradigm of urban living; aligning the finest elements into developing LekkiVale Estate in Ibeju Lekki. LekkiVale Estate succinctly captures the heart of luxurious, scenic living in one location – Lekki Free Trade Zone, Dangote Refinery Lekki, La Campagne Tropicana Beach Resort, Deep Seaport and many more. From our prime homes optimized to deliver exceptional comfort, to our secure lush lands. LekkiVale is an aspiration of ALL home patrons across the country.
LekkiVale creatively blends nature and modern architecture. Here, stylish apartments overlook lush greeneries, skillfully demarcated by well-paved roads and magnificent street lights. Our homes are fully constructed and finished.
WHY CHOOSE LekkiVale Estate?
LekkiVale Estate is located in one of Lagos’ fastest growing regions at Ibeju Lekki. Lekki is fast transforming into West Africa’s most successful and prosperous residential zone. This economically thriving zone is home to some of the finest schools, restaurants, hospitals and road network systems in Lagos. Owning a home at LekkiVale Estate places you at the centre of it all.
Education and Workforce
The Lekki region is home to some of the best primary and secondary schools in Lagos like the Greensprings School, Corona Schools Lekki, Pan-Atlantic University, and Lagos Business School (LBS) amongst others.
The Lekki region is home to some of the most highly qualified workforce is Lagos, making it a great location for networking.
Nearly 50% of Lekki – Ibeju Lekki’s residents are employed in high-value knowledge jobs
Ibeju Lekki is recognized as a fantastic and serene place to live and raise a family.
LekkiVale Estate features
Finance and Business
LekkiVale Estate is strategically located to provide unprecedented connectivity to Sangotedo, Lakowe, Ikoyi, Victoria Island, Lagos Island, Lekki and the rest of Island.
The Ibeju Lekki area is just a few kilometres from the bustling commercial streets of Lekki and Victoria Island; both of which are Lagos’ commercial centres.
Ibeju Lekki is filled with branches of various banks, with ATM spots easily accessible.
Easy and fast connectivity to the rapidly growing Ibeju-Lekki region.
LekkiVale Estate is strategically located on the Lekki corridor, bordered on the West by Lekki Free Trade Zone, Dangote Refinery Lekki, La Campagne Tropicana Beach Resort, Lakowe Gulf course, Funtopia Park and the Atlantic Ocean to the South. LekkiVale Estate gives you all it takes to experience a vacation on a regular day.
LekkiVale Estate benefits from excellent road connection to the Lekki-Epe Expressway way linking to Lekki, Ikoyi, Victoria Island to the west and Epe to the east. LekkiVale Estate is essentially a convergence of two rapidly growing economic strongholds of Lagos; Lekki and Ibeju-lekki.
…a brilliant new way to invest in real estate
Nestling between the thriving Lekki V.I region and the emerging Ibeju-Lekki area is a 10km2 site in the heart of LekkiVale Estate currently undergoing an incredible metamorphosis.
LekkiVale Estate offers you a once in a lifetime investment opportunity with a possible ROI of 20% in just two years.
Location:LekkiVale Estate is located in rapidly developing region with existing infrastructure like the gatehouse, roads, paved roads, working drainages, power, clean water, 24-hour security patrols, and the serene beautiful golf course.
LekkiVale Estate is also a few kilometres from the emerging Ibeju-Lekki region, which is expected to generate over than 70% of Lagos wealth by 2025. Easy accessibility to Victoria Island, Ikoyi and the rest of Lekki.
Occupancy Rate: LekkiVale Estate is located within Ibeju Lekki with an estimated occupancy rate of 60%, half of which is being constructed. The region has a high occupancy rate with most of its houses and lands selling out within a period of 12 months; coupled with the annual population influx rate of 3.2% in Lagos and the projected 800,000 expected to move to Ibeju-Lekki.
Security: LekkiVale Estate offers a solid and safe investment option with a valid C of O. Authentic and hassle-free property documents.
Flexible payment plans: 10% initial payment and balance spread over 12 months.
LekkiVale Estate Features
There’s never been a more perfect time to invest in real estate.
Comparison between investing in LekkiVale Estate and Money Market Instruments.
*This table below shows the proposed ROI on LekkiVale Estate in comparison to Treasury bills and Time Deposits.
Yield on outright purchase
Yield on instalment purchase
Yield on Treasury Bills
Yield on Time Deposits
Time Deposits interest rates are set at the Banking sector average of between 10-12% for 365 days
Treasury Bills interest rates are set at CBN average at 13.5% for 365 days
ROI on LekkiVale Estate increases yearly in response to value appreciation and an increase in demand for houses in the region.
Immerse yourself in true moments.
Here, neighbours become friends, moments turn into memories and weekends feel like holidays.
Every aspect of LekkiVale Estate radiates a lifestyle of sheer relaxation and soft elegance, well deserving for you and your family.
From our modern buildings to our unmatched amenities offering:
A central connection of treated running water
24 hours centrally generated power supply
Well paved roads and covered drainages
Top notch 24 hours security and access control
Green areas and Kids Park
…revel in peace and tranquillity.
Drive from the uproars of city life into a veneer of nature. Here, rich horticulture flow within the large spaces between buildings.
Getting to and from LekkiVale Estate couldn’t be more convenient given its strategic location. LekkiVale Estate is a 10 minutes’ drive from the Lekki-Epe Expressway, which connects to the rest of Lekki, Ikoyi, V.I and Lagos Island environs. It offers quick access to public transportation and only 30 minutes from the proposed Lekki airport.
With over 200 plots available at LekkiVale Estate. The plot sizes here range from 450m2 to 600m2. Don’t miss out of this unique opportunity to build your dream home or get the ultimate real estate investment. LekkiVale Estate has a valid C of O, making this property truly remarkable.
A VIBRANT, SIZZLING NEIGHBOURHOOD
In an area brimming with life and colour, your neighbourhood is a reflection of the fountain of youth, a thriving economy and the fresh familiarity of nature. Choose an apartment from a variety of arrangements and be a part of a neighbourhood that offers something for everyone.
LekkiVale Estate showcases ultra-modern, power saving architectural structures, designed to deliver world-class housing standards. At Sevic PDC, we offer you SIX free architectural designs to choose one from. This is to eliminate the lengthy and stressful process of conceptualizing, designing and building your dream home. Our unique designs save your money, spares you time and take you one step closer to the development of your home.
Your hopes of LIVING IN A MASTERPIECE – begins with ONE DECISION.
Sports / Recreation Area
In addition to our beautifully structured community, LekkiVale Estate strikes the perfect balance between Work, Life and Play. Our multi-sporting centre is equipped with a gymnasium, pool, tennis court and basketball court. Our goal is to give you the opportunity to explore, get physically active with friends and family.
At LekkiVale Estate, we make your weekends feel like a vacation. Our generously placed gardens and green areas give you the soothing aroma of nature. You get to invite friends over for a game, get the family around for a barbecue or simply stroll down the serene walkways. Here, nature is a step away.
Well Planned Layout
LekkiVale Estate is carefully structured and designed to deliver a holistic living experience. We have positioned jogging trails, strategic green zones and a commercial centre at the heart of the estate for easy access and shopping. It promises to meet your every need, placing street lights along the pavements and daily maintenance of all common area.
ACCESS CONTROL & TOP NOTCH SECURITY
We offer a 24/7 state-of-the-art security system, you can truly have peace of mind and the best in secure living. Our security system includes:
Urban living can subject you to a boxed life. From a box-like room to a box-like car to a boxed office environment with little or no greenery. There’s increasing proof to correlate nature and mental wellness in humans. Several studies show that people who spend time in a greenery experience the feeling of enchantment and relief.
Here are some fascinating benefits of nature on your health and longevity:
A study done in the Netherlands found that people who had access to green spaces in their neighbourhood reported better mental health, a better quality of fresh air and generally felt happier than residents in high-rise buildings with little or no greenery. More research links green spaces, particularly those that feature water parks with emotionally stable residents. If you’re looking to be calmed by nature’s soothing touch, choose a neighbourhood that has green spaces. A walk in the park might just take the edge off on rough days.
Nature can reduce your Stress
Some days come packed with stress. Sudden changes like ill health, challenges in a relationship, death or even loss of a job can induce high levels of stress. A report showed that people report to feeling at ease when they spend time in a quiet, green park. Spending time in nature is reported to lower stress experienced in handling every day’s challenges. The New York Times revealed that even having a window that views rich greenery increases feelings of well-being and helps alleviate stress.
Nature can boost your Immune System
It has been shown that there are over 20 established pathways between overall health and exposure to nature. Several studies suggest that exposure to nature can protect you from diseases like depression, diabetes and cancer. Yet, how nature protects you from these illnesses remains unclear. It appears our human bodies seem to do much better in green areas. Imagine taking a run every morning in between rich horticulture, inflating your lungs with refreshing air.
Nature can help you recover from Illness
It’s been observed that patients in hospitals with gardens show signs of quicker recovery from illness than patients with minimal exposure to nature. Being in a natural setting decreases cortisol levels – the stress hormone – and reduces systolic blood pressure. Thus, improving sleep patterns and aiding recovery and better health.
Nature can increase your Energy Levels
According to the most recent coffee statistics from the International Coffee Organization (ICO), we pour about 1.4 billion cups of coffee a day worldwide. Most people rely on caffeine and other energy boosters to kick-start the day. A study carried out by the University of Rochester reveals exposure to nature can increase energy levels and make you feel more alive. If you find yourself struggling to stay up in the morning or need extra boosters, it might be an indication to increase your exposure to nature to gain a greater sense of vitality. Ultimately the goal is to attain better health and well-being. As such, prioritizing outdoor time in nature should be top on your list.
Lekkivale Estate and Ottalakes Country homes revolve around nature. Ottalakes literally encircles a lake. We have designed our estates to strategically placing green areas to the benefit of all our residents. We’re taking one step at the time to change the conventional boxed way of life by reinventing modern housing and placing nature at the forefront of our developments.