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 questionsthat 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 7 things you need to know before investing in land.

1. Location
2. Total cost involved
3. Utility
4. Accessibility
5. Is the land surveyed
6. Zoning restrictions


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