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|6 Questions To Ask Before Buying Land In Nigeria by Nobody: 5:46am On Nov 28, 2017|
Questions To Ask Before Buying Land In Nigeria
Real estate generally feels like a good investment but after seeing the movie “The Money Pit”, I realised not all property deals are good. The major lesson from the movie is before you buy any type of property, you should do your homework.
Buying land in Lagos Nigeria might be one of the most complex real estate transaction as some even feel it is more complicated than buying a house. There are plenty of reasons to buy this real estate, you could choose to build your own house, use the property as a long-term investment or even to start up a business.
With different types of land documents in Nigeria, you need to know the real estate document details and the land receipt format so you won’t be duped.
Before you make an offer on a property there are many questions that need answers before you make an offer, so don’t be shy to ask the real estate agent as many questions possible so you don’t get burned.
Here are 6 things you need to know before investing in land.
1. How is the location?
Location is one of the oldest real estate adage and also the most basic concern in land purchasing. No matter what property you are purchasing or why you are buying it, nothing is more important than location. Land is an investment and you shouldn’t buy one with no resale value. If you are starting a business, don’t buy real estate completely isolated from potential customers and if you are planning to build a house, don’t buy a parcel of land you can’t build on.
Before you shop for real estate in Nigeria, you should have a general idea of the areas suitable for your purchase including the social amenities the area provides.
Shopping for a piece of land also means shopping for the community at the same time. When you’ve scored a win in both categories — community and land — you’ll know you’ve made a good choice.
2. How much is the total cost involved?
Real estate generally cost money and time. Before you go into buying a piece of land, you need to prepare and ask questions so you can spend your money wisely. Cost of land in Nigeria varies as it is determined by the size of the property, the area and other factors.
In Nigeria, highly commercialized areas like Lagos face the issue of land grabbers (Omo Onile) and it will be nice to make enquires about this people so you won’t overspend. Asking questions like What kind of expenses can you expect to incur when buying a vacant lot? will help you plan your purchase well.
3. Will utilities be assessed?
If you are looking to invest in property and just leave it the way it is, you might have no use for utilities. Utilities like power, water and light might be an issue if you buy land in a very deserted undeveloped area. If you’re close enough to local resources to run in some or all of your utilities don’t pay for it yet, consider the next question.
4. Is it easy to access the main roads?
Road access might seem a no-brainer but if you live in Nigeria, you’ll realise it’s surprisingly a complex issue. In most of the major parts of Lagos state, access to major roads is rarely a problem as you can access the roads without issues. In rural areas, land for sale could potentially be cut off from a major road and be available only via private access.
5. Is the land surveyed?
To be sure you are getting exactly what you paid for, a certified surveyor can tell you and show you the exact boundaries of the land you are considering, so you can purchase with confidence.
6. Is any zoning restriction on the land?
It’s essential to know neighbourhood zoning limitations. In case you’re intending to erect a structure, you would prefer not to discover that your plans disregard neighbourhood rules after you’ve begun, or even after you’ve purchased the property. Discover in advance what you can and can’t legitimately do on the land and ensure this fits in with your requirements previously purchasing.
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|Re: 6 Questions To Ask Before Buying Land In Nigeria by Flirtyjane(f): 6:12am On Nov 28, 2017|
THere are over 10001 questions to ask
|Re: 6 Questions To Ask Before Buying Land In Nigeria by Esomchi44(m): 7:14am On Nov 28, 2017|
|Re: 6 Questions To Ask Before Buying Land In Nigeria by NwaAmaikpe: 7:14am On Nov 28, 2017|
Buying a land in Nigeria is just the same as marrying a bride from our region.
The demands on you never end.
Just when you thought you've paid it all, another lost comes up.
When you think of the stress of building, you'd realize it is better to remain a tenant.
5 Likes 1 Share
|Re: 6 Questions To Ask Before Buying Land In Nigeria by Rexphobia(m): 7:14am On Nov 28, 2017|
|Re: 6 Questions To Ask Before Buying Land In Nigeria by Nltaliban(m): 7:15am On Nov 28, 2017|
|Re: 6 Questions To Ask Before Buying Land In Nigeria by Teewhy2: 7:15am On Nov 28, 2017|
You need ask to visit the site physically and ask a lawyer to verify the documents make them no sell lagoon or road give you.
|Re: 6 Questions To Ask Before Buying Land In Nigeria by ladeb: 7:15am On Nov 28, 2017|
|Re: 6 Questions To Ask Before Buying Land In Nigeria by money121(m): 7:16am On Nov 28, 2017|
|Re: 6 Questions To Ask Before Buying Land In Nigeria by Offpoint: 7:16am On Nov 28, 2017|
|Re: 6 Questions To Ask Before Buying Land In Nigeria by twilliamx(m): 7:17am On Nov 28, 2017|
Well we can kiss oil good bye pretty soon. Niger delta should better get ready to look for another resource and the north should stop wasting money looking for oil in the Chad basin. Fossil fuel is going out of fashion.
|Re: 6 Questions To Ask Before Buying Land In Nigeria by Wiseandtrue(f): 7:18am On Nov 28, 2017|
That number 6 is very important.
I was helping someone to look for an apartment. I got to a place checked and it was okay.
I saw generator set everywhere which is presumably normal in Nigeria
Just as I left the building to inquire about the owner of the house, I saw a notice
No generator should be on after 12 midnight signed by the landlords in the area what In this 21st century
I thanked God that I saw the notice on time which by the way was printed on a sheet of paper! Cause the person who I am aiding does not joke with light!
So it is really important to know the rules of the community to avoid trouble you cannot cope with thereby leading to stories that touched the heart!
|Re: 6 Questions To Ask Before Buying Land In Nigeria by mackenzie007(m): 7:18am On Nov 28, 2017|
Is there by any means, chiwetelu agu related to the land
If a widow is selling it , run...
If a man is selling it, confirm who his brother is, else land stealer is coming for you
|Re: 6 Questions To Ask Before Buying Land In Nigeria by kay29000(m): 7:26am On Nov 28, 2017|
|Re: 6 Questions To Ask Before Buying Land In Nigeria by olatade(m): 7:28am On Nov 28, 2017|
I'm here to learn
|Re: 6 Questions To Ask Before Buying Land In Nigeria by Okoyeeboz: 7:31am On Nov 28, 2017|
That no. 6 is what would give a lot of people buying land in Ibeju-Lekki wahala.
Factory by your left hand side, warehouse on your right, trailers parking in front, you're stuck in the middle, inhaling the fumes.
|Re: 6 Questions To Ask Before Buying Land In Nigeria by Funjosh(m): 7:50am On Nov 28, 2017|
The best time to buy a Land is today and now, my dad bought a land in 1973 around Igando at 17 Naira but now no more Land to buy around the house even for 20 Million Naira.
|Re: 6 Questions To Ask Before Buying Land In Nigeria by marooh: 7:54am On Nov 28, 2017|
Hehe for nigeria all mentioned above in void......
First question is
How many people has the land?
How many buy the land b4.?
Did dey use Amadioha aka babaojuju to secure the land?
who was the last buyer?.
Thanks to bet9ja for that word Void
For 9ja land get get tokunbo and 2nd hand
|Re: 6 Questions To Ask Before Buying Land In Nigeria by Barryton: 8:03am On Nov 28, 2017|
op thanks for the info
|Re: 6 Questions To Ask Before Buying Land In Nigeria by InvertedHammer: 8:31am On Nov 28, 2017|
There is a land for sale adjacent to a pipeline in PH (Rupokwu area) per the survey plan. What will be the implications for the buyer in the future?
|Re: 6 Questions To Ask Before Buying Land In Nigeria by proeast(m): 8:57am On Nov 28, 2017|
We have lands available for sale in different parts of Owerri including Naze, Orji, Egbu, Akwakuma, Nekede, Avu, P.H road etc. Contact Galaxy Properties on the address on my signature.
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