₦airaland Forum

Hello everyone, today’s article will be discussing how property buyers can avoid falling a victim of paying for problematic properties.

Real Estate is a valuable asset that everyone should have; as it doesn’t just boost your social status but also helps to serve as a financial security. While many people already know these things and are very much interested in buying a property of their own. Many have falling victims of properties that have one issue or the other hanging around it.

There’re signs that one must look out for in other to avoid putting your money into an investment that will bring you sorrow and grief.




Below are some essential things to look out for.




Price Too Good To Be True: This is a regular occurrence when trying to buy a property. You’ll find a lot of offers with pricing that are unusually cheap. You have to be careful of such offers, as many are like they say “Too good to be true”. Don’t get me wrong, I’m not saying that there’re never genuine situations where a property owner could be in a desperate need to sell his/her property in a bid to quickly invest it in other businesses they operate. What I’m simply saying is that you “look before you leap”, in other not to fall victim of a cheap scam.




Legal Tussle Over The Property: This is another issue that can drain your finances and leave you totally exhausted. There’re many people who have falling victims of this problem. As they paid for a property that has a pending court case, some being in argument of who is the legitimate owner of the property, while others could be due to land encroachment. Whichever it is, it is never advisable to pay for a land that still has a pending case filed in court, as this case could take months and most times many years to be resolved. Also note that the final judgment might not be in your favor, and you get to lose everything after being dragged into it and wasting a lot of your resources on the legal tussle.




Family Property Sales: This could lead you to the problem above, as family properties, while good can also come with its own sets of challenges. As the land might have been inherited by 10 or 12 people, which means that if just one of them is not carried along during the process or he/she did not consent to it, it will inadvertently lead to a legal brouhaha. So before you jump at the offer of buying a family owned property, do ensure that you make your own independent findings and consult widely.




Your question at this point will be,” how can one buy a property that will not lead to any of the above stated complications?” One important response to that question will be that you stay vigilant and involve your lawyer from the beginning of the entire property acquisition process.

It is also important that you work with a reputable Real Estate company that has many years of experience in the business, which gives them the ability to spot a problematic deal from a thousand miles away. And one good example of such firms is Topland Realties Limited, a trusted brand in the Real Estate sector which is also duly registered with the CAC with the registration number RC1690792.  We have a number of properties up for sale across Lagos and other parts of the country and we always ensure that every necessary due diligence is conducted on every property we list by our Legal team.

We believe in preserving our prestige by ensuring that no client of ours invests in any controversy ridden property. Why not contact us today to schedule an appointment? Call or Whatsapp- +234 811 443 1525 to get started today.


SOURCE: https://topland.com.ng/warning-against-buying-a-problematic-property/

Hello dear readers, our article today will help you understand the important things to consider while searching for an apartment for rent/lease in Lagos. Hunting for an apartment for rent is a very tedious task that requires a lot of energy and patience. Whether a residential apartment or office space for your business, it is always important that you understand some of the vital elements to look out for, in order to get the best property for rent in Lagos.

Below are some things you need to consider when searching for an Apartment to Rent/Lease in Lagos, Nigeria



Power Supply

Yes it is true that the power situation in Nigeria is nothing to write home about, but some areas in Lagos have a considerably decent power supply. It is important that the area where the property you intend to rent/lease has a good power situation. You might also need to find out if it is one of those places where the transformer constantly goes bad and could take forever to be fixed. You’ll not want to rent a property in a neighborhood where power supply is just too poor. So it will be wise to do some personal research to ensure that you’ll not be over dependent on your generator, else this could drive up your daily expenses and drill a hole in your finances.



Water Supply

Just as with power, water is an essential need in our everyday life. And the absence of an efficient water supply system could lead to a lot of stress and discomfort. It will also mean that we’ll be forced to live an unhygienic lifestyle. So we need to ensure that the property we want to rent in Lagos is one that has a borehole or at least some sort of water supply system which allows its tenants to receive adequate water in their respective apartments or office spaces.



Pre-existing Damages

This is more important if the property in question is not a virgin property i.e a property that has been in use before. It is common knowledge that a property that has been in use must have been damaged in one area or the other, which makes it important that you carefully evaluate the extent of damages that you might need to fix before moving into the property. All these are some of the things that might drive up the eventual cost of moving into the property. Conduct a thorough inspection of the property and ensure that you enter into every corner of the property to allow you evaluate the extent of repairs and the estimated cost of fixing such. Failure to do this could eventually make your experience with the property a nightmare.



Study of Essential Documents

While this might not be seen as important by many people, it could prove to be your biggest undoing if neglected. Signing of an “Agreement document“. Is a basic part of the process of Renting/Leasing a property in Lagos, it has also been one of the major sources of disputes down the line. And this can be attributed to the fact that most tenants don’t read through the binding documents. These documents usually contain all the agreements, as to the terms and conditions of your stay in that property, and as such are also legally binding. In the event of any legal dispute that could arise in your stay there, these documents could be used in court to determine the guilty party. So it becomes important that you always take time to read in between the lines in other to avoid signing something that will put you in a position of disadvantage whenever there’s a matter that needs to be resolved with the landlord of the property.



Finally, we at Topland Realties Limited are Real Estate experts with a huge portfolio of various kinds of properties. We have properties for sale, rent, lease and even shortlet. We ensure that our clients get the best value for their money, as we’re deeply committed to our long term goals of making housing very affordable to millions of Nigerians who still lack access to affordable housing. Contact us today to speak with our sales rep and start your journey towards finding that perfect property that matches your taste and budget. Call or Whatsapp- +234 811 443 1525


Source: https://topland.com.ng/things-to-consider-when-searching-for-a-property-for-rent-in-lagos/

More Below

A gazetted dry land at Eastamber estate Abijo GRA, Ibeju-Lekki for sale

More properties below

5 plots of land and 2 blocks of 2 bedrooms flats at Obere, Atan-Iju road, Ogun state

More listings below

Land In Residential Area Cooper Road Ikoyi for sale

Read more below

4 bedroom bungalow at Ijede, Ikorodu on one and a half plot for sale

More below

300 acres located at Oriba town, Eleranigbe off Lekki-Epe Expressway

More Below

4bedroom duplex plus one maid’s room, PIBZ Estate, Karsana east kubwa, Abuja

Hello everyone, our topic today we’ll be discussing the benefits of sighting your property in a vicinity that is calm and conducive for living.

It is true that one of the most important factors to consider when buying a land or property is affordability. This is the major factor that shapes the choice of many property buyers most of the time. But while this is a key factor, many people often tend to neglect the importance of considering other essential factors like some stated below

Key Things to consider before buying a property

Access to motorable roads
Relative peace in the environment
Proximity to basic amenities (Schools & Markets etc)



1. Access to motorable roads

This is a very vital factor that must be considered carefully before paying for a property/Land, as you’ll need to constantly commute to your place of work/business on a daily basis and of course take trips to other important places that you need to go to, making it very important that at least the quality of roads there is motorable. We all know that Nigeria currently does not have the best of road networks, but there are some neighborhoods where the quality of roads is quite commendable and as such, it will not constantly send you on unnecessary trips to the mechanic workshop.



2. Relative peace in the environment

Peace and tranquility is a vital component that cannot be over emphasized. It will not be wise to get a property in a neighborhood known for constant riots and gang wars. As these could be a threat to the lives and businesses operating in that environment. Some people who plan to purchase properties tend to sometimes overlook these things and end up regretting their acquisitions. Although in all fairness, no community is without its own challenges, but there are many serene neighborhoods where the community leaders and landlords have developed and maintained their own security structure to maintain peace at all times.


3. Proximity to basic amenities (Schools & Markets etc)

 Proximity to important places that helps you carry on with your normal life is also an important factor to consider when buying a house in Lagos or any other part of Nigeria. Like the market where you need to buy your foodstuffs and other household items, the school that your kids will attend and even places like the gym/fitness centre. All these things form a part of your daily life and as such it becomes wise that you buy a property in an environment that has them within a touching distance.


Finally, whether you intend to buy a house or property along Lekki Expressway, Ajah, Victoria Island (V.I), Sangotedo, or even Kubwa in Abuja, We at Topland Realties Limited have various kinds of lands and houses for sale in Lagos, Ogun state, Abuja and other parts of Nigeria. We ensure that you get the best on properties that you buy from us. So why not contact our sales rep today to come inspect some of our property listings?  Call or Whatsapp- +234 811 443 1525.

Read More posts below


4bedroom duplex plus one maid’s room, PIBZ Estate, Karsana east kubwa, Abuja

More Posts below

300 acres located at Oriba town, Eleranigbe off Lekki-Epe Expressway

More posts below


4bedroom duplex plus one maid’s room, PIBZ Estate, Karsana east kubwa, Abuja

More below


4bedroom duplex plus one maid’s room, PIBZ Estate, Karsana east kubwa, Abuja

See more below

7 bedroom room house with 2 living rooms at Banana Island, Lagos

Read more informative posts below

How To Buy affordable Land and properties In Ibeju Lekki Lagos state

Hello readers, our discussion today will be highlighting some key steps that one must take in other to get the best value for their property purchases in Nigeria. It is normal to have many questions as a first time buyer of a house/property. You worry about the legal fees, the types or categories of documents you will need or even how to identify a trustworthy seller.

So whether you seek to invest in real estate or buy a house you intend to live in, the process can be exciting and at the same time stressful. But the truth is that if you have made the right type of preparation and also have the right understanding of how things work. You’ll stand a higher chance of having a smooth property purchase process.




Highlighted below are some essential steps that will help you through the process of house purchase in Nigeria.

 

Keys steps for buying a house in Nigeria

 

1. Research before you start:

First you have to conduct a research on the type of house you’ll be hoping to buy, the location of the house and other factors like, access to things like good road networks, or security of the area. This is very important as you need to find out if the traffic situation around there allows you get to your place of work on time and if the area has a problem with flooding especially during raining season.




2. Have a realistic budget:

This is a very important issue that sometimes frustrates people during the search for a property. Before you start, it is important that you’re realistic and honest with what you can afford. So as to ensure that you focus on properties that fall within your budget range and not have to tour the entire city looking at properties that are well above your financial capacity. This will save you valuable time and energy, as your search will be a lot more streamlined in a way that makes it easier for you to get a good deal in no time.




3. Assessment of  yourself  to know if you’re qualified for a mortgage or housing scheme:

While many out there today are still not aware, that there are many mortgage plans out there that allows you to spread the payment of your new house across many months and sometimes years. So it becomes wise to see if you’re qualified or fit to access any of these mortgage plans or housing schemes. This will help you a lot especially if you don’t have the adequate resources to buy the house outrightly.



4. Get a trusted real estate Firm/Agent:

This is one of the most vital parts of the entire process. As getting an experienced Real Estate firm/Agent will help to ensure that the amount of time it could take to get a property of your choice that also fits into your budget will be shorter. A trusted Real Estate expert will also help to ensure that you don’t fall into the hands of fraudsters posing as real owners or sellers of the property. He/she will also help you with the verification of the authenticity of the title documents, like the C of O etc.



5. Ensure you see the house yourself (Inspection):

This is often a costly mistake that many people have made which often ends up in heartbreak. It is important that you demand for a physical inspection of the property, which will afford you the opportunity to see the property for yourself before making your final decisions on whether to buy or not to buy. This is the stage that also allows you to evaluate the surrounding environments to see if it matches the description that you were giving beforehand.



6. Negotiate and close the deal:

After all the steps outlined above have been taken, then it is time to get down to the negotiation part. Do also ensure that you don’t just ask for the purchase price of the house but also try to know if there are other charges that you also need to pay for, most especially if you’re buying a property in an estate. As there could be service charge, legal fees, estate fees for drainage and roads development and insurance (If there’s an existing insurance policy). Once you’re able to agree on these things, you can reach a deal and get all the necessary paper works signed and congratulations, the house is yours.




Finally if you’re a first time buyer of a property in Nigeria, it is important that you work with a firm like Topland Realties Limited. We’re a trusted and vastly experienced Real Estate firm with our business foot print spread across Nigeria. We sell properties ranging from residential, commercial to empty plots of land. We’ll always ensure that you have a hitch free process in your property acquisition journey. So why not contact us today to get started? To speak with our sales rep, please Call or Whatsapp- +234 811 443 1525


Source: https://topland.com.ng/step-by-step-tips-for-buying-a-house-in-nigeria/

Read more Property articles below

How to sell Your Properties in Lagos, Nigeria