[b]Shelter is a basic neccessity of life and most individuals. want to own their private homes, which has made omo-oniles and land speculators to trick them at the expense of their hard earned money.
Land is measured in Hectares,Acres,Metres and Feet in Nigeria. These measurements differs.
A standard plot can be described as a marked out piece of land used for building and framing. The size of a plot differs, we have 100 x50feet and 120 x 60feet.
An Hectare is a metric unit which prospective buyers and even estate developers tends to get and its measurements is 100m x 100m(328ft x 328 ft)
An acre is a unit of measurement for land sellers which gives 4,046sqm or 43,560sqft.
There are many hidden secrets when purchasing a land, i will talk about them.
They are as listed below:
1.The Land Location
The land location has a long way to play in helping you to plan. It will also help the buyer to have a cost in mind and this will also determine the minimum size or lot needed for the building. The choice of location will determine what is important to the buyer depending on his status. A land buyer will want to get the best value for his money and also the best return on investment. You also have to consider the potential growth in investment in that area.
Developed lands are properties that have basic amenities like roads and buildings close to them while underdeveloped lands are properties that do not have these amenities. Note that the cost of developing an underdeveloped property is higher than the cost of the former. Your priorities and budget determines your land type.
Choose your land location wisely.
2.Make Proper Research
Land purchase in a hurry must be avoided. Land visits and investigation must be done before investing your hard earned money.
The following quesions will help you.
a. Who is the owner of the land?
b. Who is selling the land?
c. Whose name appears in the documents? Is the current or previous owner?
d. What are the current liabilities on the land?
To avoid losing your hard earned money get a professional and buy only when you are fully satisfied with the documentation and other things. Make sure you conduct a "search" on the land. "Search" is a process where you verify from the state government if the land in question is within government acquired land or not or whether there are any pending litigation or other issues on the property.
3. Make Payment and Get the Right Documents
Pay the amount of the land to the landowner and collect the
a. Puchase Receipt
b. The Contract of Sales
c. The building plan if available
d. Originals of other relevant documents in possesion of the previous owner.
4. Get your Certificate of Occupancy(c of o)
Land is cheaper in rural areas compared to urban areas and appreciates overtime. Whenever you buy land from the original landowners you can later apply for a c of o from the state government to make it official and later get a Governor's consent for it which is the best.
5. Get a Land within Your Budget
After carrying out all the necessary investigations propespective land buyers should have adequate money to pay cash for the land, because loans are not easy to get and may multiply the things in the process of land purchase.
Even if the land owner will take installmental payment the land will be more expensive and may consume time and energy, why not save reasonable amount and get your own land.
You can get some cheap lands in areas like: a.ikorodu b.agbowa c.Epe d.Agbado
6. Costs of Building
When the type of land to be purchased has been known, and all necessary investigations done, next you have to consider the cost of developing it because the ability to determine the amount needed to develop the land will determine if you will invest in it or not.
It is advisable to buy a piece of land that you can develop rather than investing in one which you may find difficult to
build on.
Always consult a BUILDER in this case.
Happy land purchase.[/b]

Coming let me read******* modified*****
That C of O is what's killing land owner this days so many people don't knw the importance of it. It's very expensive but sure good value for the said property.

all those stress just for land purchase?


BTW

vote donariok for Mr Nairaland 2016

How many people are taking to all these requisites listed here. But I think these will go a long way in curtailing fraud and omo onile wahala. Thanks for this piece.

This is good

Nice one op, with these educative points of yours, people won't be paying for the same piece of land 4 to 5 times for different people any longer.

Nice one Oga Segun.

But you don't need to finish your post with "consult builders" only.

Any professional can be consulted. Anyone with enough experience in land issues, engineers, architects, even surveyors and lawyers.

...,........

Make extensive research and make sure there is no family dispute on the land. Make sure it is not a community land. Make sure you visit the land during rainy season to know wether it is usually waterlogged.

Make research very well about the person selling to you. Always insist on documents. Some people sell land to one, two three people.

Above all, after all the research, pray to your Lord to guide you and protect you.

My 2kobo.

JB!

ok thread for me

Before i finish reading i think it will be better to create another thread that will talk about THE SECRETE OF GETTING MONEY TO BUY LAND

Always keep extra money for omo onile boys

OP 10s 4 d wonderful and insightful hint 4 this is n avenue where pple av bin duped of their hard earned cash

b

Thank you OP.. wonderful piece of educating write up. Between Ikorodu,Mowe, Ibafo and. Ibeju Lekki areas which one would u advise a prospective buyer to get a land.

Thanks for sharing.

Even with the best laid plans, things can still go wrong...

Crestrade Nigeria Limited is one stop construction and real estate firm based in Sangotedo-Lekki Lagos.

We have several projects for you in which you can key into purchase Land in Eti-Osa and Ibeju-Lekki area, Legal Compliance Advisory and Documentation, Mortgage, Building and Road Constructions. For further details call nos 07066559979 or 08098026919 watts app. E-mail: crestrader@gmail.com

ychris:
does this stop 'omo onile' from selling yo land for someelse after which u've paid fully for land or ask for another maney wn you wanna build a stair.....dem go tell yo say u never pay for the upstair now that u gotta pay certain ish 'gain

If you are buying a land in an Estate you won't have this issue, it is only when buying land outside an Estate. The only way to escape this chaps is to fence and gate your land. If you don't have money to fence and gate yet, please don't buy. The act of fencing and gating is an act of possession in itself.

Now all the above grammar is subject to having ask a professional to do due diligence on the land.

segzy14:
[b]Shelter is a basic neccessity of life and most individuals. want to own their private homes, which has made omo-oniles and land speculators to trick them at the expense of their hard earned money.
Land is measured in Hectares,Acres,Metres and Feet in Nigeria. These measurements differs.
A standard plot can be described as a marked out piece of land used for building and framing. The size of a plot differs, we have 100 x50feet and 120 x 60feet.
An Hectare is a metric unit which prospective buyers and even estate developers tends to get and its measurements is 100m x 100m(328ft x 328 ft)
An acre is a unit of measurement for land sellers which gives 4,046sqm or 43,560sqft.
There are many hidden secrets when purchasing a land, i will talk about them.
They are as listed below:
1.The Land Location
The land location has a long way to play in helping you to plan. It will also help the buyer to have a cost in mind and this will also determine the minimum size or lot needed for the building. The choice of location will determine what is important to the buyer depending on his status. A land buyer will want to get the best value for his money and also the best return on investment. You also have to consider the potential growth in investment in that area.
Developed lands are properties that have basic amenities like roads and buildings close to them while underdeveloped lands are properties that do not have these amenities. Note that the cost of developing an underdeveloped property is higher than the cost of the former. Your priorities and budget determines your land type.
Choose your land location wisely.
2.Make Proper Research
Land purchase in a hurry must be avoided. Land visits and investigation must be done before investing your hard earned money.
The following quesions will help you.
a. Who is the owner of the land?
b. Who is selling the land?
c. Whose name appears in the documents? Is the current or previous owner?
d. What are the current liabilities on the land?
To avoid losing your hard earned money get a professional and buy only when you are fully satisfied with the documentation and other things. Make sure you conduct a "search" on the land. "Search" is a process where you verify from the state government if the land in question is within government acquired land or not or whether there are any pending litigation or other issues on the property.
3. Make Payment and Get the Right Documents
Pay the amount of the land to the landowner and collect the
a. Puchase Receipt
b. The Contract of Sales
c. The building plan if available
d. Originals of other relevant documents in possesion of the previous owner.
4. Get your Certificate of Occupancy(c of o)
Land is cheaper in rural areas compared to urban areas and appreciates overtime. Whenever you buy land from the original landowners you can later apply for a c of o from the state government to make it official and later get a Governor's consent for it which is the best.
5. Get a Land within Your Budget
After carrying out all the necessary investigations propespective land buyers should have adequate money to pay cash for the land, because loans are not easy to get and may multiply the things in the process of land purchase.
Even if the land owner will take installmental payment the land will be more expensive and may consume time and energy, why not save reasonable amount and get your own land.
You can get some cheap lands in areas like: a.ikorodu b.agbowa c.Epe d.Agbado
6. Costs of Building
When the type of land to be purchased has been known, and all necessary investigations done, next you have to consider the cost of developing it because the ability to determine the amount needed to develop the land will determine if you will invest in it or not.
It is advisable to buy a piece of land that you can develop rather than investing in one which you may find difficult to
build on.
Always consult a BUILDER in this case.
Happy land purchase.[/b]

thanks brother, how much can one get a piece of land agbowa, and it it encouraging to pay in installments?

Just be wary of all those omoniles and kamoru...omo ale jati jati

if I may ask, what is C of O and Governor's consent ?
what does buying a land got to do with a BUILDER ?
just need a clarification of these two questions.

nice one kudos

Op, I understand that even if a prospective buyer want to conduct land search at land bureau in Lagos that it is possible to fall into the hands of fraudsters? What should a prospective buyer do if he is interested in searching the title history of a land before making financial commitment and not be at the risk of being swindled by agents of land grabblers that has been planted in ministry of land/land bureau to cause confusion?
Secondly, at the point of making paymen, especially for land whose value is huge, what are the precautions to be taken to ensure that contract of sale is genuine or change of ownership is immediately effected at land record office.
Finally, upon the expiration of the 99years ownership, what can the current title holders do to retain ownership?

omogidi234:

@


If you are buying a land in an Estate you won't have this issue, it is only when buying land outside an Estate. The only way to escape this chaps is to fence and gate your land. If you don't have money to fence and gate yet, please don't buy. The act of fencing and gating is an act of possession in itself.

Now all the above grammar is subject to having ask a professional to do due diligence on the land.

buh see now
He wrote the whole thing as if there aint exemptional as if that the final way out.
wht you jst wrote shld b included also u kn?

segzy14:
[b]Shelter is a basic neccessity of life and most individuals. want to own their private homes, which has made omo-oniles and land speculators to trick them at the expense of their hard earned money.
Land is measured in Hectares,Acres,Metres and Feet in Nigeria. These measurements differs.
A standard plot can be described as a marked out piece of land used for building and framing. The size of a plot differs, we have 100 x50feet and 120 x 60feet.
An Hectare is a metric unit which prospective buyers and even estate developers tends to get and its measurements is 100m x 100m(328ft x 328 ft)
An acre is a unit of measurement for land sellers which gives 4,046sqm or 43,560sqft.
There are many hidden secrets when purchasing a land, i will talk about them.
They are as listed below:
1.The Land Location
The land location has a long way to play in helping you to plan. It will also help the buyer to have a cost in mind and this will also determine the minimum size or lot needed for the building. The choice of location will determine what is important to the buyer depending on his status. A land buyer will want to get the best value for his money and also the best return on investment. You also have to consider the potential growth in investment in that area.
Developed lands are properties that have basic amenities like roads and buildings close to them while underdeveloped lands are properties that do not have these amenities. Note that the cost of developing an underdeveloped property is higher than the cost of the former. Your priorities and budget determines your land type.
Choose your land location wisely.
2.Make Proper Research
Land purchase in a hurry must be avoided. Land visits and investigation must be done before investing your hard earned money.
The following quesions will help you.
a. Who is the owner of the land?
b. Who is selling the land?
c. Whose name appears in the documents? Is the current or previous owner?
d. What are the current liabilities on the land?
To avoid losing your hard earned money get a professional and buy only when you are fully satisfied with the documentation and other things. Make sure you conduct a "search" on the land. "Search" is a process where you verify from the state government if the land in question is within government acquired land or not or whether there are any pending litigation or other issues on the property.
3. Make Payment and Get the Right Documents
Pay the amount of the land to the landowner and collect the
a. Puchase Receipt
b. The Contract of Sales
c. The building plan if available
d. Originals of other relevant documents in possesion of the previous owner.
4. Get your Certificate of Occupancy(c of o)
Land is cheaper in rural areas compared to urban areas and appreciates overtime. Whenever you buy land from the original landowners you can later apply for a c of o from the state government to make it official and later get a Governor's consent for it which is the best.
5. Get a Land within Your Budget
After carrying out all the necessary investigations propespective land buyers should have adequate money to pay cash for the land, because loans are not easy to get and may multiply the things in the process of land purchase.
Even if the land owner will take installmental payment the land will be more expensive and may consume time and energy, why not save reasonable amount and get your own land.
You can get some cheap lands in areas like: a.ikorodu b.agbowa c.Epe d.Agbado
6. Costs of Building
When the type of land to be purchased has been known, and all necessary investigations done, next you have to consider the cost of developing it because the ability to determine the amount needed to develop the land will determine if you will invest in it or not.
It is advisable to buy a piece of land that you can develop rather than investing in one which you may find difficult to
build on.
Always consult a BUILDER in this case.
Happy land purchase.[/b]

please if someone purchase plot of land that has c of o. Does the person still need to apply for another one?

Thank You very very much

I want to buy a cheap land of about N100,000.00 or less; then I'll buy a tent and place on the land for My residential.

100FT BY 100FT FOR SELE

Nice one

hmmm