Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,154,912 members, 7,824,824 topics. Date: Saturday, 11 May 2024 at 06:18 PM

Renting A House? 5 Things To Consider - Properties (2) - Nairaland

Nairaland Forum / Nairaland / General / Properties / Renting A House? 5 Things To Consider (29582 Views)

Cost Of Renting A 1 Bedroom Apartment In Abuja | Co-tenant / Cost Of Renting A 2 Bedroom Apartment In Lagos | Co-tenant / Cost Of Renting A 1 Bedroom Apartment In Lagos | Co-tenant (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: Renting A House? 5 Things To Consider by Rawtruth1: 7:44am On Dec 08, 2019
Very educative post. Thanks

1 Like

Re: Renting A House? 5 Things To Consider by okpalaAnambra: 7:48am On Dec 08, 2019
micronut:
Houses are no doubt one of the basic necessities of life, just like food and clothing. One who has gotten a house to stay put and cover over his or her head, has succeeded in fighting homelessness.
Everyone needs a home, whether on rentage for years or for days, or even as owner, as a lifetime property.

A home is a shelter, an habitat where everyone dwells at one point or the other, and because of movement and migration of people from one place to another, for businesses, ceremony, Education etc, renting has become one service that almost every one will always subscribe to.

So, if you are considering, renting a home possibly because you just moved to a new city for work, businesses or education, here are five key things you should consider before agreeing to pay for that rent.

1. Environmental Needs : A popular environmental quote says[i] “If you think the economy is more important than the environment, try holding your breath while counting your money.” — Guy McPherson, School of Natural Resources, University of Arizona[/i]

The above clearly shows that as much as the economy is important, friendly environment that satisfies your personal needs is more important, especially when they affect your total wellbeing, business or life generally.

While growing up, our neighborhood was always lively, with constant electricity but there was one big problem, noise. There were sawmills around that were almost working round the clock and ended up giving people sleepless nights, so in the end, they made every available good sides almost irrelevant for many, so people started relocating to a new area, especially when there were sudden rise in their influence.

As small as noise may be, some hate it like Mad, especially when you have gone for days, hoping to get home and sleep, only to be welcomed by noises from religious centres, clubs, and factories generators. It can be excruciatingly annoying.

Apart from noise being a disturbance for your sound sleep, it can also cause distraction for studying.


There are also many other environmental needs, that one should seriously consider when deciding to rent a house.

As a one time facility manager, I was showing a guy a spacious nice self contain room one day, telling him, how he will enjoy the tiled floor, the kitchen, the toilet facilities and constant electricity.

Then I noticed he was just pressing phone, moving to every corner of the house.

It later occurred to me that he was only actually looking for Internet networks or services to see if the room has one.

After watching him for like 2minutes, he raised his head up and smiled.

He said, Egbon I like the room, it has all internet services. I do most of my stuff online and I can cope with everything else including erratic power supply because I have a generator but without internet, It will be hell of a home for me.

Then we both smiled.. I understand.

This is an example of personal special need that is important for different individual. Don’t just assume..

I have lived in a house during my masters day, that I had to go out every time to access internet. As a student, you can imagine how unbearable that would be for anyone.

That the landlord or Agent feels a house is just perfect or manageable, because someone like you just used and enjoyed the home may not be same experience for you..

Some people hate heat, and they only got to know that there is no single fresh air from anywhere to get into their room, once electricity is off, because buildings are almost everywhere, yet they didn’t think of that from onset.

So when next you want to rent that house, consider your personal needs that the environment has to offer.

2. Basic Facilities: A friend rented a room in a town, only to discover that there are thousands of naira of unpaid electricity bills from the last occupant and for months, he was incessantly being harassed by NEPA staff until he placed pressure on the landlord to clear the bill.


The truth is that there are many things you may not know about your new house on inspection. But, to avert this, do your due diligence, either by asking tenants around the area. They may have useful information that can tell you if you are getting a good service for your rent.

Many people are often desperate to get a place as soon as possible, because of time constraints from main engagement probably due to busy work schedule or academic rigour that leaves little or no time to pay attention to details, hence they jump up as soon they see house for rent or vacant room available.

Be sure the rent has facilities you need before paying, it’s important.

3. Mobility & Proximity: My experience while leaving in Lagos has revealed that more than an anything else, proximity to workplace, school, personal business shop or office, market and place of worship are far more important when considering a rent than the actual rent cost.

If your work place is at Sabo Yaba and your Church is at Adekunle, paying for house rent around Unilag side, Onike-Iwaya, Ebute-Metta is lot sense-making , even with higher cost than going to get a cheap place at Oworonshoki or Oshodi, because of obvious traffic problems that is now part of Lagos life.


Again, how close the house is to the main road or easy of movement is also part of proximity that one should consider.

I have seen a house that is located far-far inside an area that it will take you 10 mins to get to a major junction on bike. And if you will have to trek, it will take you far more – like 30mins. So, it doesn’t make sense if ease of mobility is a problem and you have to rent a house where you labor hard to move around. This should seriously be considered.

4. Financial Stability: Affordability of the cost of rent, shouldn’t just be based on your present financial capabilities, rather on abilities to continue to pay such fee.


Research has shown that many people often have problems to pay the next rent after first, because of little financial strength.

When they want to rent a new place, and they say the rent is 300k for example, they would run here and there, but once the time of renewal comes, problem arises.

Before you take that new home, be double sure that it isn’t out of your means.

One good useful approach that it is generally advised and which many principled salary earners apply is that your 2-3months salaries in a year should be able to pay your rent comfortably. Going beyond that is overkilling.

If you are earning N100,000 in Lagos, your annual rent shouldn’t be more than N300,000 (3months salary). Look before you reap, especially if your finance is not stable and ofcourse because of unforseen circumstances that may eat your savings. It happens. Be wise.

5. Security: One last very important factor to consider when deciding a rent of choice is security.

A house should give you protection and be safe to live in.

Getting an unsecured apartment is like careless exposure of lives and properties to danger.

A student once unknowingly rented a newly built self-contain apartment in choice place in a town because she’s looking for comfort only to discover that her most of co-tenants are Internet scammers disguising as students, and they commit lots of atrocities like forcing to sleep with innocent girls, smoking Indian hemp heavily and stealing of other people’s items when they are broke.

Then SARS officials started parading the house. Friends were scared of visiting her because the house as they say in street slang has been “casted” or bookmarked.


She ended forfeiting her paid rent for peace and security, by looking for a new place, conducive for learning.

When you want to rent a place, be bothered about who you want to be living with. It matters a lot. Be security conscious.

I hope you learn something

https://naijalocals.com.ng/5-key-factors-you-should-consider-before-renting-a-house/

The number one reason is security as far as I'm concerned,..I just relocated from a house now 5 months being there because we were robbed to a well secured area

2 Likes

Re: Renting A House? 5 Things To Consider by Emmaheineken: 7:49am On Dec 08, 2019
Quite educative.

1 Like

Re: Renting A House? 5 Things To Consider by Bukden16(m): 7:52am On Dec 08, 2019
Summary, please...
Me got no time to waste reading morning epistle.

1 Like

Re: Renting A House? 5 Things To Consider by sharone21(f): 7:53am On Dec 08, 2019
All points are valid....security is very important.....on PHCN bills: during the time of crazy bills( started in 2011), PHCN billed based on estimations, so many people felt that wasn't their true bills and some left those houses without paying.... for me, I insist on houses with prepaid meters ( not so much in Lagos) but, many with prepaid meters are meters shared by tenants in a building instead of each person getting his own for his own flat. Many people just like to stay in Lagos by all means when there are cheaper houses in Ogun State.... Unless u need to stay in Lagos if not, relocate....I have seen many people who if they were in Lagos, will never be landlords, but small boys are becoming landlords fast in Ogun State.... And even for rent, on average:N8400-15000(2bedroom, self contained is of similar amount with smaller 2bedrooms is N8400/month) while 3bedroom(N10000-20,000) depending on location....usually has dry ground especially, Abeokuta.

1 Like

Re: Renting A House? 5 Things To Consider by Lugianostar(m): 7:54am On Dec 08, 2019
Good talk fellow

1 Like

Re: Renting A House? 5 Things To Consider by paix(m): 7:58am On Dec 08, 2019
fippycbk:
Do not rent an apartment in January. When the time comes to renew, you might not be able to meet up.
January is difficult to some people due to lack of planning. January is just like any other month of the year. Your January may just be like May or June to some others. You should learn to be financially prodent to avoid embarrassment. Planning, planning, planning is all that matters.

13 Likes

Re: Renting A House? 5 Things To Consider by nwamabo247(m): 8:04am On Dec 08, 2019
you nail it very correct

1 Like

Re: Renting A House? 5 Things To Consider by Nobody: 8:05am On Dec 08, 2019
fatymore:
I don't know why old tenants that has been living for so long in a house like owing Electricity bill and when leaving they won't clear the bill.

Imagine owing up to a million naira?

If you do such in my house, amma collect court order for you ni and seize all your property until you pay.
���
Let the landlord buy prepaid metres for each one of them. If they refuse to pay, they will not have lights. And make sure nobody connect illegally

2 Likes

Re: Renting A House? 5 Things To Consider by emmanuelewumi(m): 8:11am On Dec 08, 2019
Gforce2015:

Let the landlord buy prepaid metres for each one of them. If they refuse to pay, they will not have lights. And make sure nobody connect illegally


If the tenants pay for the prepaid meters, are they going to take the meters away when moving out of the house.

The best thing is for the landlord to buy the prepaid meters for the tenants

1 Like

Re: Renting A House? 5 Things To Consider by tonymyke4life(m): 8:15am On Dec 08, 2019
Trezagezz:
Like all these matters....

We will use our God given talent to tackle every situation n outcomes of renting...
Who even tell u say renting of house is our choice..
We want to build our own


I was expecting an idiot to speak. And he just did. Not all information are meant for everybody. The people that needs the info, I'm sure are grateful. Not frustrated goat like u that finds faults in every good deeds. Chai! I pity those who are close to u. undecided

2 Likes

Re: Renting A House? 5 Things To Consider by fatymore(f): 8:16am On Dec 08, 2019
Gforce2015:

Let the landlord buy prepaid metres for each one of them. If they refuse to pay, they will not have lights. And make sure nobody connect illegally
that's the new trend now which I so much like.

2 Likes

Re: Renting A House? 5 Things To Consider by fatymore(f): 8:16am On Dec 08, 2019
emmanuelewumi:



If the tenants pay for the prepaid meters, are they going to take the meters away when moving out of the house.

The best thing is for the landlord to buy the prepaid meters for the tenants
he would take it or the landlord would refund him

1 Like

Re: Renting A House? 5 Things To Consider by Nobody: 8:29am On Dec 08, 2019
I just paid for a BQ, moving out of my parents house next week. Don't know if i really want to. But i know i have to.

3 Likes

Re: Renting A House? 5 Things To Consider by tfelicityk(m): 8:40am On Dec 08, 2019
Very good proposal...

Very educative and enlightening

3 Likes

Re: Renting A House? 5 Things To Consider by blinkz4real: 8:40am On Dec 08, 2019
Very valid points! Nice one Op

3 Likes

Re: Renting A House? 5 Things To Consider by siraj1402(m): 8:57am On Dec 08, 2019
My own be say I not fit rent a house wey my two months salary no fit pay. undecided

4 Likes

Re: Renting A House? 5 Things To Consider by qazeemj(m): 9:23am On Dec 08, 2019
Good one.

1 Like

Re: Renting A House? 5 Things To Consider by tunjijones(m): 9:25am On Dec 08, 2019
fatymore:
I don't know why old tenants that has been living for so long in a house like owing Electricity bill and when leaving they won't clear the bill.

Imagine owing up to a million naira?

If you do such in my house, amma collect court order for you ni and seize all your property until you pay.
���

What about a house that nepa keeps brining bills even when the house is empty for two years without anyone living in it.

NEPA is so useless and the populace jst flow with the tide even wen the organization has been privatised.

3 Likes 1 Share

Re: Renting A House? 5 Things To Consider by micronut(m): 9:27am On Dec 08, 2019
okpalaAnambra:

The number one reason is security as far as I'm concerned,..I just relocated from a house now 5 months being there because we were robbed to a well secured area

Wow.. Well it depends.. But security is so important.
Re: Renting A House? 5 Things To Consider by Sirseedorf(m): 9:43am On Dec 08, 2019
You can go spiritual on the house too, like is the landlord fetish or the tenants and maybe the house as been possessed by evil spirit.
Re: Renting A House? 5 Things To Consider by calabaman(m): 9:50am On Dec 08, 2019
You forgot a key factor.

Proximity to places of worship.


Imagine coming home from work late and being welcomed by night vigil blues and having to endure till morning whilst you don't have light.

4 Likes

Re: Renting A House? 5 Things To Consider by timothydgreat: 9:54am On Dec 08, 2019
calddon:
Just look for a house deep into the raining season, the other factors wont matter if ur home is turned into a swamp with shower above or if ur cut off cos of flood like some residents in some parts of Lagos and Ogun
I can relate. Personally for me, I will advise anyone body that whenever u want to rent an apartment in Lagos, raining season is the best time. to avoid stories.

2 Likes

Re: Renting A House? 5 Things To Consider by Masterpiece77: 9:56am On Dec 08, 2019
Kindly view my signature for quality sneakers/shoes and watch from top brands at best offer..
Also, if you need land around lagos mainland kindly view my signature for my contact details.
Re: Renting A House? 5 Things To Consider by fippycbk(m): 10:02am On Dec 08, 2019
paix:
January is difficult to some people due to lack of planning. January is just like any other month of the year. Your January may just be like May or June to some others. You should learn to be financially prodent to avoid embarrassment. Planning, planning, planning is all that matters.

Some have so many financial engagements in January for e.g. school fees. Besides, avoiding rent in January has always been some people's way of planning.

1 Like

Re: Renting A House? 5 Things To Consider by ConAir(m): 10:10am On Dec 08, 2019
Starlight10:
I just paid for a BQ, moving out of my parents house next week. Don't know if i really want to. But i know i have to.
please do stay in your parents house if you are not yet married. I have reasons dear.
Re: Renting A House? 5 Things To Consider by Benbobola(m): 10:27am On Dec 08, 2019
Very informative thread. I am looking to rent an aprtment at oworonshoki in january
Re: Renting A House? 5 Things To Consider by maasoap(m): 10:30am On Dec 08, 2019
fatymore:
I don't know why old tenants that has been living for so long in a house like owing Electricity bill and when leaving they won't clear the bill.

Imagine owing up to a million naira?

If you do such in my house, amma collect court order for you ni and seize all your property until you pay.
���

No one really owe up to a million and DISCO wouldn't disconnect the power supply. You're talking about direct billing method, aka crazy billing where you are given a bill of 12 months in just one month.

As a home owner, get meters for your tenants, either prepaid or digital ones. Or still, negotiate the direct billing method with the marketer.
Re: Renting A House? 5 Things To Consider by Nobody: 10:36am On Dec 08, 2019
ConAir:
please do stay in your parents house if you are not yet married. I have reasons dear.
like What? I have paid and signed the tenancy agreements. But why did you say So?
Re: Renting A House? 5 Things To Consider by Mypeople2(m): 10:50am On Dec 08, 2019
micronut:
Houses are no doubt one of the basic necessities of life, just like food and clothing. One who has gotten a house to stay put and cover over his or her head, has succeeded in fighting homelessness.
Everyone needs a home, whether on rentage for years or for days, or even as owner, as a lifetime property.

A home is a shelter, an habitat where everyone dwells at one point or the other, and because of movement and migration of people from one place to another, for businesses, ceremony, Education etc, renting has become one service that almost every one will always subscribe to.

So, if you are considering, renting a home possibly because you just moved to a new city for work, businesses or education, here are five key things you should consider before agreeing to pay for that rent.

1. Environmental Needs : A popular environmental quote says[i] “If you think the economy is more important than the environment, try holding your breath while counting your money.” — Guy McPherson, School of Natural Resources, University of Arizona[/i]

The above clearly shows that as much as the economy is important, friendly environment that satisfies your personal needs is more important, especially when they affect your total wellbeing, business or life generally.

While growing up, our neighborhood was always lively, with constant electricity but there was one big problem, noise. There were sawmills around that were almost working round the clock and ended up giving people sleepless nights, so in the end, they made every available good sides almost irrelevant for many, so people started relocating to a new area, especially when there were sudden rise in their influence.

As small as noise may be, some hate it like Mad, especially when you have gone for days, hoping to get home and sleep, only to be welcomed by noises from religious centres, clubs, and factories generators. It can be excruciatingly annoying.

Apart from noise being a disturbance for your sound sleep, it can also cause distraction for studying.


There are also many other environmental needs, that one should seriously consider when deciding to rent a house.

As a one time facility manager, I was showing a guy a spacious nice self contain room one day, telling him, how he will enjoy the tiled floor, the kitchen, the toilet facilities and constant electricity.

Then I noticed he was just pressing phone, moving to every corner of the house.

It later occurred to me that he was only actually looking for Internet networks or services to see if the room has one.

After watching him for like 2minutes, he raised his head up and smiled.

He said, Egbon I like the room, it has all internet services. I do most of my stuff online and I can cope with everything else including erratic power supply because I have a generator but without internet, It will be hell of a home for me.

Then we both smiled.. I understand.

This is an example of personal special need that is important for different individual. Don’t just assume..

I have lived in a house during my masters day, that I had to go out every time to access internet. As a student, you can imagine how unbearable that would be for anyone.

That the landlord or Agent feels a house is just perfect or manageable, because someone like you just used and enjoyed the home may not be same experience for you..

Some people hate heat, and they only got to know that there is no single fresh air from anywhere to get into their room, once electricity is off, because buildings are almost everywhere, yet they didn’t think of that from onset.

So when next you want to rent that house, consider your personal needs that the environment has to offer.

2. Basic Facilities: A friend rented a room in a town, only to discover that there are thousands of naira of unpaid electricity bills from the last occupant and for months, he was incessantly being harassed by NEPA staff until he placed pressure on the landlord to clear the bill.


The truth is that there are many things you may not know about your new house on inspection. But, to avert this, do your due diligence, either by asking tenants around the area. They may have useful information that can tell you if you are getting a good service for your rent.

Many people are often desperate to get a place as soon as possible, because of time constraints from main engagement probably due to busy work schedule or academic rigour that leaves little or no time to pay attention to details, hence they jump up as soon they see house for rent or vacant room available.

Be sure the rent has facilities you need before paying, it’s important.

3. Mobility & Proximity: My experience while leaving in Lagos has revealed that more than an anything else, proximity to workplace, school, personal business shop or office, market and place of worship are far more important when considering a rent than the actual rent cost.

If your work place is at Sabo Yaba and your Church is at Adekunle, paying for house rent around Unilag side, Onike-Iwaya, Ebute-Metta is lot sense-making , even with higher cost than going to get a cheap place at Oworonshoki or Oshodi, because of obvious traffic problems that is now part of Lagos life.


Again, how close the house is to the main road or easy of movement is also part of proximity that one should consider.

I have seen a house that is located far-far inside an area that it will take you 10 mins to get to a major junction on bike. And if you will have to trek, it will take you far more – like 30mins. So, it doesn’t make sense if ease of mobility is a problem and you have to rent a house where you labor hard to move around. This should seriously be considered.

4. Financial Stability: Affordability of the cost of rent, shouldn’t just be based on your present financial capabilities, rather on abilities to continue to pay such fee.


Research has shown that many people often have problems to pay the next rent after first, because of little financial strength.

When they want to rent a new place, and they say the rent is 300k for example, they would run here and there, but once the time of renewal comes, problem arises.

Before you take that new home, be double sure that it isn’t out of your means.

One good useful approach that it is generally advised and which many principled salary earners apply is that your 2-3months salaries in a year should be able to pay your rent comfortably. Going beyond that is overkilling.

If you are earning N100,000 in Lagos, your annual rent shouldn’t be more than N300,000 (3months salary). Look before you reap, especially if your finance is not stable and ofcourse because of unforseen circumstances that may eat your savings. It happens. Be wise.

5. Security: One last very important factor to consider when deciding a rent of choice is security.

A house should give you protection and be safe to live in.

Getting an unsecured apartment is like careless exposure of lives and properties to danger.

A student once unknowingly rented a newly built self-contain apartment in choice place in a town because she’s looking for comfort only to discover that her most of co-tenants are Internet scammers disguising as students, and they commit lots of atrocities like forcing to sleep with innocent girls, smoking Indian hemp heavily and stealing of other people’s items when they are broke.

Then SARS officials started parading the house. Friends were scared of visiting her because the house as they say in street slang has been “casted” or bookmarked.


She ended forfeiting her paid rent for peace and security, by looking for a new place, conducive for learning.

When you want to rent a place, be bothered about who you want to be living with. It matters a lot. Be security conscious.

I hope you learn something

https://naijalocals.com.ng/5-key-factors-you-should-consider-before-renting-a-house/

6.Ask the landlord if there is anything to be paid apart from the ones he has told you .He should tell you the total money you are paying in total yearly , including light and security .I didn't ask them, that is why I am still paying what the agent did not tell me .In fact, the agent lied to me

4 Likes

Re: Renting A House? 5 Things To Consider by MrBONE2(m): 10:57am On Dec 08, 2019
MoIbrahim:
Who are your neighbours? Also is the landlord one of them?

Having your landlord is usually a neighbour is a serious wahala.
grin

Re: Renting A House? 5 Things To Consider by Nobody: 11:43am On Dec 08, 2019
emmanuelewumi:



If the tenants pay for the prepaid meters, are they going to take the meters away when moving out of the house.

The best thing is for the landlord to buy the prepaid meters for the tenants

Don't be a duffer. Do you read my post before you comment? If not , read it again.

1 Like

(1) (2) (3) (Reply)

Building A Standard 3 Bedroom Bungalow / E-Mansion (Re-screeding & Painting) Pictures / Top 4 Most Affordable Areas To Live In The Lagos Mainland

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 71
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.