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Nairaland Forum / Nairaland / General / Properties / Factors To Consider When Buying / Renting A House - Comfortable Housing (19253 Views)
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Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Kenmatt(m): 7:29am On Nov 11, 2016 |
I will forward you guys my wealthy experience on this when I am less busy. 1 Like |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Nobody: 7:32am On Nov 11, 2016 |
dangotesmummy:You're right. I do not intend to commute from Ogun to Lagos everyday. My plan is to rent an apartment in Lagos while every money I get and a portion of my salary should go into building. I don't know if this makes good economic sense. I have just gotten my housing allowance (2M) and I have been advised not to keep this money in the bank because of the time value of money - that every penny I get now should be invested into something, else the money will become useless due to inflation. Now, I can't even acquire a plot in Lagos with that amount. The housing allowance I get comes every year. That means before I can acquire a plot in Lag, I'll have to save up for at least 10 years. After that 10 years, the prices would surely not be the same again as they were 10 years ago. Now, the same amount of money could be used to acquire a plot in Ogun. With a sustainable 2M inflow every year. This money could be invested into the project and after some years, I'd have completed the building project. What do you think? 1 Like |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Tunmmyzhe: 7:33am On Nov 11, 2016 |
dangotesmummy:bro u try but I don't support all o I expect anybody that build house in Ogun state to have alternative plan for future o. u can't be working for a company for the rest of your life We moved to our house in Ogun state last year May. me and my hubby spend just 5% more in our transport compare to when we were living in a rented apartment in Lagos now. I worked in Isolo while my hubby works in Ikeja We paid #250k for apartment in Abule egba area, house maintainance is not added o. no freedom of speech as the house is not belongs to us o. we have to wait till 12pm if we r to take our car out the following morning because their is no parking space and u have to wait for the last person in the night so u can park at his back for your convienncy cos he won't answer u if u call him to come and shift his car while u r going out around 5 am. 1 Like |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Nobody: 7:34am On Nov 11, 2016 |
Thepasserby:Thanks. The kind of work I do is in Lagos. Hence, the reason why I still have to have a place of abode in lag. I hope you understand |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Nobody: 7:36am On Nov 11, 2016 |
Thepasserby: Thanks. The kind of work I do is in Lagos. Hence, the reason why I still have to have a place of abode in lag. I hope you understand |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Blakjewelry(m): 7:38am On Nov 11, 2016 |
I think there is no better time than now to go into real Estate business since most people are selling of their properties to make ends meet 1 Like |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Nobody: 7:38am On Nov 11, 2016 |
Tunmmyzhe:I sent you a pm ma. |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Nobody: 7:40am On Nov 11, 2016 |
saydfact:Yeah, my organization gives me housing allowance, but I'd be very foolish to use everything to pay rent. in fact, my rule of thumb is that my rent must not exceed at most two month pay (Net). 2 Likes |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by saydfact(m): 7:41am On Nov 11, 2016 |
Blakjewelry: That's what investors do, take advantage of recession and enjoy once it's over.... If you've got the cash, why not |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by dangotesmummy: 7:41am On Nov 11, 2016 |
Tunmmyzhe:if you build a house in ogun of course you have to work out plan b before you die of stress and hypertension The thing is if you already have your own house IN ogun just rent a small self contained in Lagos that is close to your work place or at least a trekking distance then you go to work on week days from your self contained house which shouldn't be a maximum of 100k. Once it's Friday you can go to ogun to spend the weekend IN your house with your family but I'll also suggest you have a side buisness that is moving because of job insecurity. IF they sack you tomorrow or you're tired of the transportation stress you can see something to fall back On.meanwhile this is not a period any woman will be a full time housewife.she has go do something no matter how much money she's bringing home whether big or small 2 Likes 1 Share |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by McTobe(m): 7:51am On Nov 11, 2016 |
saydfact:Op nice as your writeup is I think it doesn't get the necessary contribution & reaction its meant to get. This is so because your writeup did not accomodate young graduates out there who just came out from school and other low & mid income earners who need such good advice too. Your writing in staged more like its for those well to do folks out there or those that consider themselves so, and considering that there are many young people on nairaland who are just early starters a writeup of this nature ought to have been written with all class of people in view if you are going to truly help them with your post. My humble opinion though. 3 Likes |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by dangotesmummy: 7:53am On Nov 11, 2016 |
ColonelDrake:I suggest you buy a land and build a house ASAP. Housing this days is a big asset and investment. Please buy a land and build a house to your taste.as the money keeps rolling IN YOU can furnish it to your taste then use the remaining change to invest IN a buisness of your choice you could open a saloon or barbers shop, ice block buisness, sport viewing centre, beer parlour or whatever buisness and please don't buy car.car is a liability that will be eating up your finances.cars are like babies.you have to keep spending everyday on them.the moment you stop something tragic happens that you begin to gulp times 2 of what you didn't spend earlier Meanwhile get a cheap self contained in Lagos.pray and leave women alone. They're another version of dangerous liability that will never allow you to reap the rewards of your investments |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by saydfact(m): 7:53am On Nov 11, 2016 |
Tunmmyzhe: It's not advisable to go rent apartment far away, if it's ur house better and part of a comfortable house is making sure u can park at ease before paying. U shd have considered all. |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by saydfact(m): 8:00am On Nov 11, 2016 |
ColonelDrake: Building a house is planning for the future, pick a location easily accessible in Ogun state.. Remember, Ogun cld be as close as 1km to Lagos. By the time your house is completed, u cld be working with ease or more flexible with time. Don't go too remote, pick a location pple are already building too. Thanks |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by saydfact(m): 8:07am On Nov 11, 2016 |
McTobe: You spoke well, would research on one for those struggling to build or save money for building.. Thanks. I like your opinion. |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by McTobe(m): 8:11am On Nov 11, 2016 |
saydfact:thank u for your flexibility in understanding 1 Like |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Nobody: 8:15am On Nov 11, 2016 |
dangotesmummy:Thanks a lot for your wonderful advice. It is well appreciated. I just came across the sport viewing centre business opportunity recently, and I'd like to discuss it with you offline. |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by saydfact(m): 8:19am On Nov 11, 2016 |
shark003: Nice point on the bill. My neighbor has 250k debt on his bill, imagine the next occupant of that apartment.. Won't be funny |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Hman12(m): 8:23am On Nov 11, 2016 |
That's absolutely correct. 1 Like |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by dangotesmummy: 8:30am On Nov 11, 2016 |
ColonelDrake:YOU can take off your number now. As for sport viewing centre. I'm a bit familiar with the buisness intricacies but I know it pays well.I remember I used to have a friend who was living beside a sport viewing centre and even though I wasn't intrested in their conversation (my friend and the owner of the sports viewing centre ) he used to tell my friend that if you want to open a sports viewing centre do something different that will attract more customers for example you can do a mini bar by the side of your sport viewing centre or suya/asun spot so while they're watching they can be buying beer OR asun.you Will make money both ways but the downsides is those customers fighting destroying your prop in the cause of the fight OR getting drunk. It's you that will know how you will put security measures in place to inhibit stuffs like that. The reason I'm not intrested is 1.its a man's buisness that will attract more men of all classses 2.the buisness hazards are violence and destruction.I can't handle that. I'm a lady abeg 3.some who don't have money and want to ferment trouble 4.dealing with your staffs who want to cheat you Have a nice day though. I've gotten your number and will flash you soon |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Nobody: 8:35am On Nov 11, 2016 |
dangotesmummy:Flash seen... thanks a lot Kindly, modify your mention. My number appears there. Thanks. |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by lakeside3020(m): 8:52am On Nov 11, 2016 |
find out the history of the house, good house, Ghost hunt, evil house ?very important |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by haryomikun(m): 8:57am On Nov 11, 2016 |
ColonelDrake:Ota bro..... I can't say if land is still cheap there but its the best choice at least. You can easily move from ota to your workplace in Lagos easily You could choose Abeokuta if you're intending to work in Ogun state. Traffic jam free and good paid jobs over there. Lastly you can move to ijebu ode. Cheaper cost of land in ijebu than in Abeokuta or ota, its a city, low traffic jams. The only perk is its level of armed robbery and thuggery. Its a bit far from Lagos though |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by haryomikun(m): 9:08am On Nov 11, 2016 |
dangotesmummy: Transportation from Ogun to Lagos isn't as expensive as you make it seem bro. From ota to oshodi is about 100-150. Its only when you're living in ijebu ode or Abeokuta. You'll have difficulty in shuttling to Lagos. My dad shuttles between VI and Sango ota everyday. If he stays in ota, he won't have to worry about passing ibafo. He'll take the Lagos/Abeokuta expressway route. The Ibafo route can only be taken when he's staying at ijebu. Besides, if he doesn't want to deal with traffic at ibafo, he can pass through the shagamu-papalanto road... Although it's a far way from Lagos It all depends on ColonelDrake sha.... My father always said though that he never regrets building his own house. Paying rent is something he's always hated. |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Nobody: 9:32am On Nov 11, 2016 |
haryomikun: Thank you for your submission. Seems your dad and I have something in common. I hate to pay rent ehn...espcially in a state like Lagos. I don't really care about the transportation cost but the stress I'd have to sustain everyday. The traffic on that Lagos-Abeokuta expressway can be something else. Going to work might not be in problem if one wakes up early, but coming back is really hectic. One could spend up to 3 hours on that road. It won't be easy coming from ogun to lag everyday. Your dad shuttles between VI and Ota? Are you kidding me? How's your dad able to do this? The stress, the traffic et al. I'd love to know cos this has been my greatest fear. 1 Like |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by MrMr(m): 9:47am On Nov 11, 2016 |
can anyone link me wit a registered estate surveyor and valuer where I can start my career and actually practice my profession. thnks in anticipation.... |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by saydfact(m): 10:01am On Nov 11, 2016 |
MrMr: I guess you're referring to employment? |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Nobody: 10:20am On Nov 11, 2016 |
availability of light and water are two key factors. if u got a wide array of options, safety of the environment comes into consideration 2 Likes 1 Share |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by dangotesmummy: 10:26am On Nov 11, 2016 |
haryomikun:I'm not saying he should be a permanent tenant but then he should weigh his costs and consider those factors I listed.besides costs of transportation can skyrocket at anytime. Afterall we're all in this country together where everything is getting more expensive |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by gameboyo: 10:28am On Nov 11, 2016 |
paulo220: These are much better factor than most stated by the op. A little to add here is finding out landlord - tenant relationship through occupant |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by Tunmmyzhe: 10:29am On Nov 11, 2016 |
ColonelDrake:sorry bro I don't understand this pm thing u can sent me mail moscobabs8@gmail.com |
Re: Factors To Consider When Buying / Renting A House - Comfortable Housing by dangotesmummy: 10:29am On Nov 11, 2016 |
ColonelDrake:done |
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