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It Is Important That You Check This Things Before You Buy A Land In Nigeria - Investment - Nairaland

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It Is Important That You Check This Things Before You Buy A Land In Nigeria by Approvedlimited: 2:00pm On Feb 06
1. LOCATION

Location is the first thing to consider when buying land in Nigeria. After this has been determined, other things can follow.

Location determines the value of land in the future. Land situated in a developed area will cost more than a land situated in a developing area. You also need to consider if the location of the land is fast attracting development.If the land is in a fast developing area or a commercialised area, definitely the price will appreciate very fast and the development of that area will be fast as well.


2. NEIGHBOURHOOD AND LANDMARKS:

You also need to consider who is going to be your Neighbor.
The landmarks in that neighborhood are the key to how fast an area will develop and appreciate in value. What are the prospects in 5 – 10 years' time? A notable landmark like a factory or university attracts development faster

3. ACCESSIBILITY:

Very important to check if the land to be purchased is accessible. Always make sure that the area has a good road network and is accessible before buying land.

4. SECURITY

You need to know how secure the area you intend to obtain land is. Look to see if the government has provided adequate security for that area. Also, check to see if the community itself has a way of tackling security challenges.


Ask people living around to know if the area is peaceful and free from robbers or hoodlums. Security is key and must be considered when buying land


5. LEGAL DOCUMENTS

Check the Legal documents that the land has, that it, the Title of the Land.

When buying land you must check to be very sure that the land you are planning to buy is genuine


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