In this time of economy recession one major challenge that people, especially those in the cities battles with is their rent. The thought of a phone call from landlords or agents has led many to developing high blood pressure.

I know you have been thinking of building your own house. I know you are fed up of having to give excuses and explanations to your landlord all the time because of rent. I also know that the times are hard; the economy is at a slow pace.

Building your own house is good as it takes certain responsibilities away from you. It is a major achievement in some parts of the world when you move into your own home. But I would want you to consider some factors before embarking on your new home projects.

Given below are 6 factors to consider before buying land to build your home.

1. Knowing a genuine land / owner
This is a major reason why many have ignored the thought of buying land to embark on building projects. The stories of litigations over lands that saturate the space are enough to discourage many from giving thoughts to buying land to build their own home.

The world has always witnessed the existence of good and bad. Everything that is good always has its bad version. Our ability to identify the good at all time is what makes us a winner in the game of life.

It is not every land that is offer for sale that is not genuine and vice versa but whatever the case may be the buyer must ensure that due diligence is observed. Desperation should be avoided when trying to buy land for any projects.

Fraudsters often take advantage of the desperation on the part of the buyer to dupe them of their hard earned money. Take your time to ask the necessary questions and ensure you get the right answers before making any commitment.
Where you are not satisfied seek help from professionals. To be candid, do not ignore professional counsels in all your land dealings. Do not be penny wise pound foolish! Where you may need to spend money for professional services do not take it to be waste of resources.

2. Proximity to major road and highway
It could be frustrating sometimes when your abode his not easily accessible to friends and family. And a situation where you have to spend several hours to get to the major road in your town/city could impact negatively on your health.

Precious time can be saved when your land is not far from the major road and highway in your location. This can impact positively on the time spends on daily activities and engagements.

Thoughts like the nearness of the land to the major road around and the major highway in the city are crucial when thinking about buying land for home projects.

3. Proximity to office or place of work
That you have become a land lord is not a reason why your work or business should suffer. This is an important factor to consider before embarking on a building project. I have seen people who have to abandon their business in the city because they moved to their own house in a remote part of the state.

Thereafter they would not be able to make money the way they have been doing before becoming a landlord. Houses that are in far remotes areas could be let out pending the time the owners would be buoyant enough to shoulder the challenges of living there without any regrets.

4. Proximity to electricity
Electricity is an essential factor to be considered when planning to build your home. Running a home without access to electricity could be very costly and frustrating. It will impact negatively on your budget. It may even impact negatively on your health.

It may not be readily available in your proposed estates at the time of buying the land but it should not be far from its vicinity. The cost of installing electricity to the site should however be friendly and easily affordable if it is to be installed in a short time.

5. Proximity to telephone / internet networks
The world today revolves around technology, and telephone and internet are major drivers. However it is not unlikely that these services are yet to be operational in several places.

Living in areas without telephone and internet access is like living on an island. In this global village that we live you will do well with good telephone and internet access without which you are not accessible, and cut off from the world of information.

6. Proximity to Bank/ATM
You will always need cash to run your life and home. Especially in an environment where e-commerce is still unpopular and many businesses still rely on traditional method of selling, there will be dependability on cash all the time when you are in your new home.

Unlike in the past when you can keep cash at home for as long time as possible the current security challenges faced by many countries does not allow the storage of excess currencies at home.

Access to a bank or an ATM would take off the burden of keeping and accessing cash as at when due, because without access to cash one could be stranded in the home. A situation where one will have to travel hours before accessing bank or ATM services should be avoided when conceiving the thoughts of building your own home.

7. Overall cost of building and living in your new home
This is what will determine whether you will be able to build and maintain your proposed home. The cost of land, building, and that of providing basic amenities should be given adequate consideration before embarking on the projects.

It could be frustrating to own a building in a place that is not easily accessible by road. Cost of maintaining cars, providing security and electricity, could make one to relinquish the status of a landlord too soon.

8. Comfort of family and dependants
You will not live in your new home alone. The comfort of people that will live with you in the home should be put into consideration. What is good for you may not be good for your spouse and or children.

It will not be fair to deny your children access to good quality education because you now live in your own home. The impact of the proposed area on their health and emotions should also be of concern to you.

These 8 factors to consider before buying land to build your home if religiously followed will not just save you money but it will also safe you from unnecessary stress.

http://jonadorc..com/2016/08/8-factors-to-consider-before-buying.html?spref=tw

thanks op ......FTC for the first time since I opened my nairaland account wow show me love guy

Nice

In Nigeria now proximity to the market or a 'provision shop' is necessary too.

Proximity of ur pocket

Ok

OK

Nice one op.....but they've bought all d land close to the highway........Adding Valueezzz

olenime:
Proximity of ur pocket

I d com

Okay

God help us

@OP, your number 3 point may only be applicable to self-employed people because they need to compete with others where there's a booming market in the city, and so need to stay much closer for obvious reasons. But for civil servants who don't stay in congested areas like Lagos, that rule may not be binding.

Good

Nice one very enlightened

That is why I will always advice anyone to buy land in simawa, redemption city because you have access to 3 states, Lagos, Ogun and Oyo and aside from that there is no land you buy in this axis that is a swamp or water lodge, the lands in simawa are highly above water level, having said that, there are so many estates around this town or future city, and the crown of all or to crown it all, The Redeemed Christian Church of God new Auditorium which span in length and Breadth 3KM BY 3KM connect both Shagamu, Ogijo, Asese, Ibafo Mowe all together and by so they automatically paving new roads and maintains them because the auditorium is the single largest receivers of worshiper of God in the world.

make I buy 2 plots here first

a

Nice tips when you are loaded. In Nigeria, mostly cities, the major determinant of your location is money (cash) If your above tips favour Island in Lagos and you have a lean budget that's not even enough to pay rent in such a place, tell me, what happens?

The bottom line is that, money(ego) is mostly the factor

k

money

A plot of land located at Akesan Lagos state Along Lasu iyana iba going for 1.5m negotiable

Direct seller...

Serious buyer should call/whatsapp 08085310359,



Hello Nairalanders, i have this land facing Lasu iba express way all round fenced for sale at rate of 70million Naira Negotiable,

Available document: Family Receipt, survey plan,

Side attract: facing expressway, close to Lagos state university, close to Iba New site estate and alot more

NOTE: This is dry Land...

Good for filling Station, churches, shopping mall,event center,schools and lot more..

Serious Buyer should contact Whatsapp 08085310359 For inspection or call 08033588797

9. Find out if it was used as burial ground (cemetery) before.

True. But most of these factors come at a premium if included. Not many can afford.

Sometimes in real estate, you may have to let development come and meet you in the hood than seek an already developed hood. Unless you have lots of money.

Nice one. Tanx.

Nice one op.....but they've bought all d land close to the highway........Adding Valueezzz


That is not possible, bro. We are creating new opportunities every now in Ikorodu at a very affordable price.

scarr:
I want a land in Garki to build a glass house with shipping containers

call in for your borehole and POP in Abuja.
07069334964

Great post! Also consider proximity to good hospitals or healthcare in the event of an emergency.

All the factors will be determine by pulse, a plot of land in some location could be so unaffordable, depending on the available MONEY

I wonder what proximity to bank/ATM has to do with buying a land