₦airaland Forum

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kopell:
Please do me a fervor. I will like to know that location and cost of land in that particular area in mainland or even on island. As I speak a friend has 16 units of 1 bedroom apartments available that we took out renting market after 7 years due to rent wahala.

My Oga, I do understand your point but renting to the real middle class is profitable and It's a terrain that you need to understand. The real middle class will avoid 16 units of 1 bedroom flat. If it's not profitable houses will not be springing up everyday. Get the right property managers and just sit back and watch them do their job. My friend has 6 mini detached duplex after Ajah and has never had any rental issue despite the distance to the Island.

We have middle class people on this forum that have never defaulted on their rent. We self we have been tenants too at some point in our lives and we never defaulted.

kopell:
I can understand your strategy in your research, one thing that is clear today is building 4bedroom duplex or 4bedroom / 3bedroom apartment is complete waste of resources.

It appears you don't reside in Nigeria ot you don't have an idea of renting to the middle class.

There re estates in Lagos precisely on the mainland where rent for a 3 bedroom goes for as high as 7m per annum. There will be long queues of people desperate on viewing days and even attempting to roger the agents.

People are living and still doing extremely well in Nigeria. This class believe in renting in a very comfortable area than owning a house just for the sake of having one in a poor location.

Good afternoon

Any idea of architects fee for drawing the plan of a 2 storey duplex on a 250sqm land on the mainland.

An estimate will do.

Thanks