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Real Estate Development & Service Charge Payments In Lagos: Pros & Cons - Properties - Nairaland

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Real Estate Development & Service Charge Payments In Lagos: Pros & Cons by CraigKim: 2:14pm On Apr 23, 2012
Hello Nairalanders,
I am in the process of buying some plots of land in some estates in Lekki. However I was told by some of the estate developers that I would be paying service charges which would cover electricity & water supply on yearly basis. I was also told that the prices are subject to review, in which case they may go up. As I do not want to end up becoming a tenant in houses I build myself due to exorbitant charges, I am here to ask for your advice, opinion & comments on the service charge payments.
For those that have the experience especially in Lagos, how does it feel? Am I going to end up paying 'cut-throat' prices as service charge or do these real estate developers do it with a human face? Your suggestions are highly appreciated in advance.

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Re: Real Estate Development & Service Charge Payments In Lagos: Pros & Cons by CraigKim: 3:04pm On Apr 24, 2012
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Re: Real Estate Development & Service Charge Payments In Lagos: Pros & Cons by CraigKim: 9:23am On Apr 25, 2012
Your suggestions, opinions and comments would be of great help. Pls I need you to contribute before I plunge into taking a decision. Thank you.
Re: Real Estate Development & Service Charge Payments In Lagos: Pros & Cons by Nobody: 1:39pm On Dec 22, 2013
I wonder why this did not receive any response.
For those that have an idea about service charges in an estate, kindly contribute.
Nobody wants to be a tenant in his own house.
@Moderators, please move this to the front page cos it's quite important and can be informative.

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