house – 9japroperty https://9japroperty.com.ng All you need to know about properties Wed, 09 Nov 2016 09:06:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.15 Why You Must Own a House Before It’s Too Late https://9japroperty.com.ng/must-house-late/?utm_source=rss&utm_medium=rss&utm_campaign=must-house-late https://9japroperty.com.ng/must-house-late/#respond Wed, 09 Nov 2016 09:06:21 +0000 http://9japroperty.com.ng/?p=5399 If there is an asset you must acquire before you depart this world, that asset is a house, no matter how small it seems. And I’m not talking about a rented apartment. The reasons are not far-fetched. There’s a level of peace that comes with owning a house; a serenity that is unfathomable. Unlike when […]

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If there is an asset you must acquire before you depart this world, that asset is a house, no matter how small it seems. And I’m not talking about a rented apartment. The reasons are not far-fetched.

There’s a level of peace that comes with owning a house; a serenity that is unfathomable. Unlike when people buy fancy cars and other eye-popping asset to show-off their wealth, buying a house is a whole lot more than that. Even if it is the only thing you must achieve before you die, then achieve it!

As Kenny Guinn said; “There is something permanent, and something extremely profound, in owning a home.”

Building or owning your own house should be your topmost priority, goal and aspiration; it should be a dire need. Something you must actualize come rain or shine.

Here are 8 reasons why you must build or own a house;

1. To Prepare for Old Age: Like I said earlier, you must build your house before death comes knocking at your door, even if that is the only property you will own in this life. When you are in your own house, you will spend your old age in peace. I mean, how can you be 70 and you are still having issues with your landlord or you are still thinking of where the money for the next rent will come from. That alone will make you die a slow death. And God help you if you are hypertensive. Now you see why you must own a house before you retire from active service.
2. Rent keeps rising: If you calculate how much you spend on rents yearly, you will realize that a lot of money actually goes into house rents. And if we are honest with ourselves, let’s say you save that money instead, then in a range of 5-15 years, depending on the size of your apartment you too can be a landlord.

Worse still, rent keeps increasing. No landlord will reduce rent even if you are a member of MFM. A typical mini flat in Lagos goes for an average of N300,000 . Imagine how much N300,000 will fetch you in 5  years. Be wise! Build your own house today!
3. Landlords are difficult: If you think your landlord loves you because both of you have a cordial relationship, then he may just love you. But most times, landlord love their tenants for selfish reasons. The question you be asking yourself is; do you pay your rent regularly? If the answer to that question is yes! then you have the main reason why your landlord seems to love you. The mutual understanding you enjoy is strictly because you pay your rent when due.

Which landlord won’t love a loyal tenant. Because you guys are friend doesn’t stop him from increasing your rent when he feels an impulse to, especially when he believes you are capable. Also, the rules and regulations governing occupancy of his property still applies to you even if you are beginning to nurture the feeling that your landlord is that brother or father you never had
4. It is the best legacy for your children: The best legacy you can leave for your children is not cars, jewelries, clothes, or even a fat bank account; a house is the greatest asset your children will remember you for. Whenever I go to my family house and see my father’s resting place, I remember how much he toiled hard to build that house be fore he passed on to the great beyond.

5. To have a permanent house address: A lot of Nigerians change their house addresses like the clothes on their body. Invariably, many of us really do not have a permanent address. How will you even have, when you’ve changed homes like 5 times in 3 years. Are you in dire need of a permanent address? Then you should build your own house

6. The fear of your landlord: Most tenants develop cold feet when it’s getting close to the expiration of their house rents. Some even relocate elsewhere or go stay with a friend when that day draws near just because they do not want a confrontation with their landlord or they don’t want to be humiliated.

As for the landlord its business as usual, after all the house was built with their own sweat not yours. If there is something a tenant fears most when it comes with being in their landlord’s black book, It’s the issue of quit notice. The mere mention of that word alone can cause you sleepless nights.

A friend of mine once told me that, “he suspects are landlady is a witch” just because he saw her chasing him with a cutlass in his dream, yet he was only scared of his landlady’s harassment since his rent expiration was 2 days away and he didn’t even have half of his rental money. You can never be free of this drama if you are not making efforts to build your own house. Your Landlord is just a freaking business man, be wise!

7. To fulfill one of life’s greatest goals: Owning a house is one of life’s greatest goals. If it’s not part of your goal in life, then suffice it to say that you probably don’t have a goal.Getting married, having children, building a house are some of life’s major goals. Almost everybody achieves the first two(by choice or force), but few people achieve the last one. Would you be one of the few or would you just tarry along with the crowd? The choice is yours

8. Problems of Fake Estate Agents: This is a very critical aspect to home ownership. Many have fallen to the whims and caprices of scam artist who parade themselves as estate agents. This is another reason you must build your own house, because if you are still looking for a place to rent, then its is probable you will come across these men who are just out there to swindle you. One of the surest ways to ensure that you are not duped of your hard earned cash is  by building your own house

You can’t have all you want, but you can have the things that really matter to you; owning a house should be one.

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Nigerian construction expert, others remodel US president’s house https://9japroperty.com.ng/nigerian-construction-expert-others-remodel-us-presidents-house/?utm_source=rss&utm_medium=rss&utm_campaign=nigerian-construction-expert-others-remodel-us-presidents-house https://9japroperty.com.ng/nigerian-construction-expert-others-remodel-us-presidents-house/#respond Mon, 24 Oct 2016 13:44:34 +0000 http://9japroperty.com.ng/?p=5258   United States of America-based Nigerian construction expert, Lawrence Dibor, has disclosed that he was among a consortium of professionals involved in the design and construction of the President’s House, a monument in the history and administration of the US. According to Dibor, the house is a memorial located in the Independence Square in the […]

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United States of America-based Nigerian construction expert, Lawrence Dibor, has disclosed that he was among a consortium of professionals involved in the design and construction of the President’s House, a monument in the history and administration of the US.

According to Dibor, the house is a memorial located in the Independence Square in the city of Philadelphia, on the site of a building that served as both residence and office for President George Washington in the 18th century and President John Adams during the first two years of his term.

“At that time, Philadelphia was the capital of the United States. The site embodies a profound contradiction during the infancy of the United States, the same home that witnessed the birth of a free nation and its first steps toward democracy,” Dibor said in a statement.

He added that the house was surrounded by the Independence Visitor Center, Constitution Center, Independence Hall, Benjamin Franklin House, first US Post Office and the Betsy Ross House.

 

Dibor said the civil engineering and construction administration of the project were performed by his firm, Adcon Consultants.

He said, “The President’s House is a historical site with a place of pride in the history of America. It brings me great joy and honour to be part of the history of contributing our civil engineering knowledge and experience to creating a monument that is in line with modern construction projects.”

PUNCH.

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Basic steps in building a house https://9japroperty.com.ng/basic-steps-building-house/?utm_source=rss&utm_medium=rss&utm_campaign=basic-steps-building-house https://9japroperty.com.ng/basic-steps-building-house/#respond Fri, 21 Oct 2016 05:41:01 +0000 http://9japroperty.com.ng/?p=5244 This became necessary due to recent mails I received asking for advise on basic steps in building a house that once can effectively follow. It is for those who are not really sure of what steps to follow when planning for their house. Understanding the basic steps in building a house will aid your knowledge […]

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This became necessary due to recent mails I received asking for advise on basic steps in building a house that once can effectively follow. It is for those who are not really sure of what steps to follow when planning for their house.

Understanding the basic steps in building a house will aid your knowledge more and always make you come out with better result. It does not matter whether it is your first or second house.

The steps discussed here is not arranged in any sequential order, although great care was taken at ensuring that the following will help you understand the scheme of things in housing construction.

1. Acquiring a Plot
Your house must be built on something and that something is usually land, so the first step that sets things in motion is acquiring a plot on which to erect your structure. With the right real estate company(buying from omo onile is not always advisable), you can acquire a plot of land in your desired geographical location and get all documents leading to proof of ownership of the land. Once this is done, you are set for the second step.

2. Building plan
Once the land is in your kitty and all the necessary documentation done, next in the steps in building a house is to get the service of an architect to draw the plan of the structure (house) you plan to build.
After your taste and the requested facilities and rooms you wish your house to contain has been discussed with your architect, your architect gets the plan designed to fit and meet with the building standards of the authorities in line with the location of the plot. There are regulations regarding what can be built, where and how, the Architect is the best person to help you through the maze and marry your dream with what is possible and legal. Before a standard house is erected, involving an architect will be a very good thing to do.

3.Consulting With a Building Professional/Quantity surveyor
Once the Architect is done with the drawings as required before he presents it for building plan approval or after he must have done so, you will need the services of a Quantity Surveyor to come up with the Bill of Quantities (BoQ).

That is the determination of what building a house will cost you. Ordinarily, it is a very good thing to have this and you will be required to even produce it for verification if you are seeking financing in funding the construction of your house.

But if you are not required to present it probably because you are funding your structure out of pocket, then this could help(motivate) or hinder(de-motivate) you depending on how your handle challenges.

Reason been that most of the time, your BoQ will be more than what you were thinking your structure will cost. Workmen, contractors, etc. even have it almost as standard practice to tell client what they think the client will want to hear in terms of what the construction will cost or what any stage of the construction will cost.

One reason this is carried out, is to avoid losing business in case the client gets discouraged on knowing the near actual cost and concludes that he has no means of raising such a sum and as such backs out. Either procrastination sets in or there is a total cancellation of the project.

The other it is carried out, is because they they know that when someone wants to do a thing most of the time, what is required is to overcome the inertia that keep people from starting.

Usually, once they start, the desire to complete it fires all other areas of their being, financial provision inclusive. Therefore, they (BoQ) do that to help you overcome your inertia and start, so you cannot stop when the real cost begins to show up because you would have gathered enough momentum.

Well-groomed professionals abound for consultancy with respect to the amount and quantity of various materials you will need all through the stages of building process.

4. Getting a Builder/Site Inspector
This person is sometimes called Contractor, Site Supervisor, or Foreman. Whatever he/she is called, the job is to help ensure that what you have on your plan is what is constructed on ground at not more than the estimated cost except where there are reasons why you must deviate from your plan a little or the cost because of price movement in the market between the time you drew your plan and got your BoQ and when you moved to the site.

5. Labour
Securing the services of labourers/masons, carpenters, electrician(s), plumber(s), etc. is essential in achieving your desired project. Without them, the actual implementation cannot be possible.

6. Water supply
Water is one building material required in huge quantities during a building project and it is sometimes over looked, because the general belief is that water (dirty one especially) can be found in most places and therefore getting water to use for your building project should not be a problem.

The challenge with that is that the quality of water used for your building project can affect the integrity of your structure.

During the stages of building a house, water is needed in large quantity to mix materials. If this is not provided adequately, it can result in huge unwarranted cost at the end of the day.

To address this issue, drilling a borehole, digging a well or making provision for water supply to your site via a water board pipe or commercial water tanker will solve the problem a great deal.

7. Purchase of building materials
You need to have an answer to how you intend to procure your building materials. This is one aspect of your building project with huge potentials of derailing the whole exercise cost wise if not put in check.

If you are a green horn and this is your first house construction, we will suggest you brace up and learn fast. You only need to know the material types, their specifications, and the places (markets) where they can be found.

With the knowledge of these three things, you are good to go. Better if you have the support of an honest handyman to help you. Most times, old hands and experts know how to ensure they get what they want at the prevailing market price without doing the legwork.

‘Debo Adejana

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30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS- PART 2 https://9japroperty.com.ng/30-things-to-know-before-renting-a-house-in-lagos-part-2/?utm_source=rss&utm_medium=rss&utm_campaign=30-things-to-know-before-renting-a-house-in-lagos-part-2 https://9japroperty.com.ng/30-things-to-know-before-renting-a-house-in-lagos-part-2/#respond Mon, 06 Jun 2016 08:18:59 +0000 http://9japroperty.com.ng/?p=4582 1 In PART 1 of our ‘30 Things To Know Before Renting A House in Lagos,’ i shared 15 important and essential things you need to know if you want to rent a house in Lagos. I In this concluding part, i would be dishing the last 15 Things you should know. I hope you […]

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 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS  PART 2

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In PART 1 of our ‘30 Things To Know Before Renting A House in Lagos,’ i shared 15 important and essential things you need to know if you want to rent a house in Lagos. I

In this concluding part, i would be dishing the last 15 Things you should know. I hope you find this helpful.

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS  PART 2

#16 Lagos State Laws

There are laws that guide renting a house or being a tenant in Lagos. You need to know this so that you wont be cheated  and also wouldn’t be found wanting. Foe example

It shall be unlawful for a landlord or his agent to demand or receive from a sitting tenant rent in excess of three (3) months in respect of any premises.

 

It shall be unlawful for a sitting tenant to offer or pay rent in excess of three (3) months in respect of any premises.

Question: Are these laws implemented in your area ?

17# Collect Your Receipt

After you have made your payment , please ensure you collect your receipt as a proof of payment . This should include
(a)Date of which rent was received;
(b) Name of the landlord and the tenant;
(c) Location of premises in respect of which the rent is paid
(d) Amount of rent paid; and
(e) Period to which the payment relates.

If your payment is not issued a receipt , it means no legal payment has been made and Proof not available should there be any issue.

#18.Know Your Rights

It is good to know your essential rights as a tenant . under Lagos state law.

The Landlord does not have the right to disturb you etc. So you should also respect the Landlord’s Right to and perform your obligations as a tenant too.

Get yourself acquainted with the Tenancy act/law and the Constitution for Lagos state. As they supersede some of these clauses stated in the tenancy agreement.

Sadly most tenants are ignorant of their rights, tenants who cant afford to hire a lawyer can seek help from the Public Defender Office or Citizen Mediation Centers.  The  introduction of the Lagos state tenancy law , the era of wicked landlords imposing ridiculous laws are over.

READ  EXCLUSIVE INTERVIEW : MEET WALE ADENUGA!!

Quick Tip:The tenancy law also forbids landlords or their agents from disrupting essential amenities: electricity, water supply etc to the tenant.

#19  Ask Questions

Always ask questions from neighbors, and people who leave around that vicinity as this will give you more information on your proposed choice of apartment. Ask questions from the agent and the landlord where necessary. Can you paint , install certain equipments in the house ?

#20 Facilities

If you are planning on renting a flat or apartment in a high-rising building , find out if the lifts are functioning properly. There should be availability of a lift facility and also backup generators should be there in the time of power failures.

#21 Building Age

I am sure you have heard about recent building collapse and aftermaths. I wouldn’t want you to fall victim , if you can try please do inquire about age of the building. Also apart form mishaps, f the building is older then you should compare it with the price you give and see whether it is worth or not.

#22 Are you Secured Enough

Apart from you having checked if our doors and windows are well built to prevent burglary and unwanted access to your property, Does the compound or facility have a security guard assigned. If there is no provision for that then you can find alternative means. As i said earlier, ask around , ask out the recent security occurrences.

If you can afford it, please go for the secured locations. As you and i know , security is important and shouldn’t be compromised. it is advisable to pay extra service charge if you can afford it or get additional security personnel for locations you feel is not secured.

#23 My special distance tip

If you stay on the mainland and work on island, it is advisable to get a place on the mainland areas close to island as this would help manage your budget and also prepare you for economic recessions. Places such as Ikeja, Gbagada, Surulere , Maryland etc. are cheaper and more cost effective in the long run especially when you see immediate amenities you need such as bukas, markets, kiosks, bars etc that are cheaper than those in choice areas.

READ  FIRE RAZES DOWN TWO BUILDINGS AT APAPA

#24 Expect Some Weird Questions

Sometimes there are questions these landlord’s an their agents can ask you , and trust me from experience they can be annoying. Just be prepared to answer all manner of questions from them.

Some of them can be superstitious for example if you are asked where you are from , Your answer can affect your chances of getting the apartment to be rented to you. Another likely question you should be careful in answering is, ”how many children do you have’’?

#25 Take Inventory

Photos , write ups etc are a good way of taking inventory of the apartment before you move in . This is important especially so that when you are leaving th house in the future , if there are any security deposits or caution fee paid, it can be refunded.

#26 Inspection Matters.

Ensure your home meets all the criteria needed. Inspection can be done as many times as possible till you are pleased and satisfied

#27 What is Included in the Package ?

Some properties for rent include utilities, services,, parking etc while some or most don’t in Lagos.Before signing that agreement document , Ask your landlord / agent about what is included in rent and how this can make changes to your lifestyle especially budget wise.

#28 Do Not Pay Till You Are Sure

Once you pay , it would be difficult for you to change your mind. So be completely sure. Never give the agents full amount till you confirm that the apartment is truly vacant and have not been paid for by another prospective tenant.

Also concerning financial security,  It’s safer for you to remit the rent fee to the landlord’s bank account at least your teller serves as prove of payment.

READ  12 Ways to Identify a Nigerian Mother

#29 Ask for everything in writing

I suggest you request that for any agreement between you and the landlord or agent should be put into writing for future references.

I feel that making a choice before you rent a house is important , as your house has a defining factor on yo as an individual.

#30  Why Did The previous occupants move out ?

Lastly ,If possible , find out why the previous tenants vacated the property . This can give you a hint on about the house history or even the environment and what to expect if you eventually choose this place.
This is just my Nigerian-mentality speaking, Ever heard of cursed , haunted or bewitched houses? , You might be wondering yes they do exist and yes in Nigeria.
Renting such an apartment can be disaster especially if you don’t know. But if you are one of them or stronger than them spiritually(lol) you can rent the property.

I have heard of a shop where there is a long history of business failures. Almost every business that has been opened in that particular shop ends up comatose.

Trust me you do not want to pay for what you have no idea about. That is why some people consult their spiritual heads (Pastor’s, Alfa’s, Native doctor’s ) before moving into an apartment.  Do you know that some landlords also use their services to also check background of the prospective tenant?

They say prevention is better than cure.

In conclusion,

I am so glad to have shared these few tips with you . So be honest and moderate on your tastes and requirements to avoid fraudulent agents. Lest i forget you also have to conversant with the current rates across the areas of your choice.

In case you missed the first part of this article , read it here 30 Things To Know Before Renting A House in Lagos part 1

I hope you have enjoyed this article ? If you did please share  with friends and loved ones.

Did i forget any tip ? Please drop them in the comment box below and i would include it .

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30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS https://9japroperty.com.ng/30-things-know-renting-house-lagos/?utm_source=rss&utm_medium=rss&utm_campaign=30-things-know-renting-house-lagos https://9japroperty.com.ng/30-things-know-renting-house-lagos/#respond Mon, 06 Jun 2016 08:12:50 +0000 http://9japroperty.com.ng/?p=4578 E 0 Renting a house / House hunting can be a big deal sometimes especially in some parts of the world like Lagos, Nigeria. Its another Lifestyle segment on Evatese blog and would be sharing with you 20 things or checklist before renting a house in Lagos. House hunting can be easy and at the […]

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Renting a house / House hunting can be a big deal sometimes especially in some parts of the world like Lagos, Nigeria.

Its another Lifestyle segment on Evatese blog and would be sharing with you 20 things or checklist before renting a house in Lagos.

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOSHouse hunting can be easy and at the same time can be really handwork but most importantly there are some things that individuals fail to confirm , check and consider before they finally sign an agreement to rent a house.

Getting a place to rent can be quite a challenge. It could take anywhere from a few days to few weeks or even more.especially house hunting in big cities such as Lagos is a major task in one’s life.

So Before you rent an apartment,flat or house  you should keep a few things in mind, check out my Tips below

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS

#1 What Location are you really looking for ?

Your Location is a defining factor in house hunting. You should ask yourself , what kind of place am i looking for ? Are you looking for a small place, on a budget ? How accessible is your place by transport system ?
When considering location you should also consider distance of your place of work, traffic strategic points, transport cost etc. If you have a car ,is your road transport-friendly? is there a good parking space etc.

Have you considered the proximity to your place of work ? if your office is located at these high end areas beyond your budget,  it is best advised to get a place that is affordable and relatively close to your place of work as to the high population density in Lagos. In other words, ALWAYS CHOOSE THE NEAREST OPTIONS TO YOUR WORKPLACE.

Do you have to walk for long or even take a bike before you get to the bus stop ? o try and look for  accommodation in  places that are closer to your place of work, closer to commuters bus- stops.

What of Your place of worship ? Is there a church or mosque close by ? it is not as important as your place of work but it depends on you.

Is the location in a remote place or How far is your apartment from the city /town ? Just Ensure there is good access road and probably proximity to a bus stop.

What of shops and markets? consider a location that is not too far from the local market, malls, boutiques, grocery stores, pharmacist, hospital, clubs, schools and every other commercial and social activities.

#2 Agents PALAVA!!

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS This is a major one, to be sincere Most Agents in LAGOS cant be trusted o.(I told you here first). You have to be a step ahead of him/her.But you still need them to get that house you are looking for most times.
When i was house hunting i met several types of Agents , both the ones who will want to overcharge , some might even dupe you . It is preferable to get an agent from someone who has used his services before at least you have a little bit of confidence etc.

READ  WHY MUST YOU SMOKE ?

Don’t give these agents the total rent till your are sure that the apartment is vacant , insist you speak with the landlord and if he tries to persuade you from doing do by giving excuses then something is fishy.

#3 Online Services ????

Online house hunting is another means of getting a house from your comfort zone but don’t forget this is still Nigeria o. You still have to be sharp and wise. There are various platforms for doing so online especially if you have a busy schedule  .xsimple custom logo.png.pagespeed.ic .rC FbEYNSq 300x300 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS

 

9japroperty is an example of an online platform to house hunt at your convenience.

Question: Would you prefer House hunting online or you would rather do this physically ?

#4 Flood

This is a big one. Lagos is a huge city that is located near the coast .

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS Rainy season in Nigeria, especially Lagos can be one of the ugly times of the year for residents. Floods are a major risk as lives and properties are lost most times, you have to make you research how the location you have chosen responds to flooding risk.

So i wouldn’t want you yo wake up one morning homeless or worse wake up to see your bed floating on water…just kidding

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS
But this is very important. If you have seen a place and you desire it ,and you think you can cope then that fine.
Don’t let the beauty of a particular area convince you into moving there, all that glitters is not gold.

Quick Tip: In order to avoid this , why not check out an apartment , or the location during rainy season as you will see the effect of the heavy rains and make your choice clearer.

#5 When do you view a place ?

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS When house hunting , its advisable from experts and experienced persons such as me *winks* 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS to view the property both during the Day and Evenings.  This is majorly for security reasons. Some places have a deceptive look during the day but at night something else..
Assuming you have made that choice of an accommodation , ensure you double check the neighborhood before you sign an agreement .

#6 Check For Defects in the property

It would be kinda sad for you to move into a house just to find out that there are defects that were not noticed before.

Please do check for cracks on the wall, are the water pipes working ? is the roof leaking ? inspect the plumbing, check if toilets can flush , if there is water source and ensure they are OK ,check the doors , windows etc and make sure they are all in good working condition . Do the windows open? Do the appliances work? Ask about mildew, smoke alarms, and snow removal.
Ensure major issues are sorted before you move in .

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#7 Mobile Reception

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS

This might not be  big deal , but i feel it is o. You don’t want to move into a house or apartment or flat that has no network service- mobile dead zone.
You don’t want to be climbing trees to look for mobile reception..

#8 Have you met the Landlord?

This can sometimes be impossible especially when the agents give you one story or the other. If possible it would be nice to do so.. it’s preferable if you can rent directly from the landlord.

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS
Most times people are lucky enough to get an accommodation from the owner directly. My last house i rented i was lucky enough to do so. But sometimes it can turn out to be a bad idea as over-familiarity sets in . So i prefer a middleman , thats where the Agents come in.

It’s safer for you to remit the rent fee to the landlord’s bank account at least your teller serves as prove of payment.During negotiations with the ‘Agent’, subtly suggest you will like to speak with the landlord.

Quick tip: Sometimes if the rent for an apartment is too good to be true, it is a telltale sign that something is wrong somewhere.

#9 Ensure all promises made are fulfilled before you move in

Be cautious if the landlord promises to fix things before you move in or that he’ll get to it sometime after you move. If your landlord makes promises about fixing the house, make him write them down with the date the work will be completed — preferably before you move in.

#10 What’s your budget ?

This is another huge determining factor m, in-fact this is the most important. Your budget limits you to the kind of areas you would find places to live.

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS
Consider your pocket , ensure there is no hidden fees to be paid. Ask yourself if you can meet up with payments. Double check the rent details , how much it is , when it would be due. etc

Be Budget-wise places such as Lekki , VGC, Ikoyi etc. are high tenancy rates area. So you wouldn’t take a budget of 300,000 naira/per annum for an apartment there.

Also cross-check that there are no hidden fees .for example an agent can tell you the rent is 200,000 naira per annum but you are not aware of the fees such as 10% legal fees and 10% agency etc. Most rents are paid 2 years in advance , which means you have to be able to provide 500,000 naira.

Note: the rent tribunal act stipulates the prescribed rent per area and the prohibition of landlords from taking rent beyond 1 year

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#11 Tenancy Agreement

In case you don’t know what this is, its the legal document you sign before renting a property. Make sure you read through thoroughly before you sign .

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS

Understand the contract and ask questions where necessary. Before signing, read, and if necessary get professional advice on, any documents you have to sign.

The option of renewal of tenancy after 2 years should be stated and 6 months notice mus be served before terminating tenancy.

Imagine a tenancy agreement that states the time you must come into the compound , what you must do and not do , that you cant receive visitors etc.. very ridiculous. So you have to read this documents very well

#12 Fees, commission , deposits etc.

This is the part the agents enjoy the most . You have to know that you can be asked to pay .
Agents Commission which is a 10% fee, Deposits (sometimes called caution fee)  for prospective damages which would be returned to you when moving out  of the property if you don’t damage anything.
Note that if you didn’t use an agent , you wouldn’t have to pay the agents fee…

#13 Furnished or Unfurnished

Well its rare to see furnished houses in Lagos, but there are few that are furnished to an extent, so check that and add costs of furnishing to consider your budget.

#14 Security

This is essential .

In as much as there is no guarantee of the safety and security of lives and property in Lagos there are some things you should check .

First you check if the doors, windows are vulnerable to robbers , burglars.  What of the neighborhood, immediate surrounding ? Check if the fences and walls are secure.

 30 THINGS TO KNOW BEFORE RENTING A HOUSE IN LAGOS There are some areas that are more secure than others , Places like Mushin i heard is noted for high rates of thuggery and criminality. Everyone cannot live in the more secure places like Lekki, VGC, and Banana Island etc.

Just beware of these notorious hot-spots that have a history of high crime rate and are riot-prone.

#15 Basic Amenities

Very important there should be basic amenities provided at least. So find out if there is Steady electrical supply in that location ? Roads ? Is there clean water supply?  Any local supermarket or kiosk nearby ?
One important thing i always look out for is where to but recharge cards for my phone.

Also , consider of there is any hospital or medical facility around for urgencies.

Hint: I heard that places that have good electric supply are relative. So if senior PHCN officials, prominent politician lives in that area or there is an unholy alliance between PHCN staff and Companies around there.

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Economics of buying a house https://9japroperty.com.ng/economics-buying-house/?utm_source=rss&utm_medium=rss&utm_campaign=economics-buying-house https://9japroperty.com.ng/economics-buying-house/#respond Tue, 03 May 2016 12:08:06 +0000 http://9japroperty.com.ng/?p=4521   Many first-time homeowners face the dilemma of choosing between buying an already built property and going through the process of buying land to construct. At times, the choice can be made easily but when you crunch the numbers and examine other factors, it may not be as easy as it seems. Whatever the choice […]

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Many first-time homeowners face the dilemma of choosing between buying an already built property and going through the process of buying land to construct. At times, the choice can be made easily but when you crunch the numbers and examine other factors, it may not be as easy as it seems. Whatever the choice you are considering, there are several valid reasons in support or against and this is what makes it an individual decision. As in all cases, it is easier to make better decisions when you have the facts and you consider all options with an open mind.

One of the strongest reasons for buying land and handling the construction process is that it is cheaper at least initially. For those who have gone through this route, it starts with searching for an ideal location that suits your pocket.

You will negotiate the purchase and conclude the transaction. You then proceed to perfect your title papers in addition to taking effective possession of the land. Since you will not be required to put down the money for all these stages at once you can afford to approach each stage at your own pace.

This stage by stage financial commitment applies all through the project and fits into a lot of people’s budget especially when you consider the fact that real estate development financing is almost non-existent in Nigeria. The interest rate of available loans are double digits and are more like commercial loans rather than real estate loans when compared with what happens in other countries. This method allows you to build at your own pace and also complete the building whenever you choose.

An added benefit is that you have the opportunity to make a lot of decisions on the designs, builder and workmen that will work on the project. You can place your personal stamp on the project and reflect your individual preferences.

One area where this is most evident is in the finishing where you have the sole right to determine the type and quality of the finishing and fittings that you want. You equally have the liberty to choose your colour preference for various sections of the building. This level of involvement is something several first time homeowners enjoy.

On the other hand, many people view buying a house as a more expensive option but this perspective is not necessarily true. Buying a land is actually a riskier option than buying a house. Most first-time landowners and even experienced landowners have lost several real estate holdings due to lawlessness in some communities. There are several people who have lost their lands to traditional landowners who resold their land to other people for a higher price. The risk of buying a land and then saving money to start construction is enormous. When you buy an already built property, a significant level of risk has been removed by the initial buyer of the land.

There are also several developed areas where bare land is seriously in short supply or they are very costly. Many first-time homeowners may discover that in those areas, the best thing they could do is to buy a house or flat. Since the cost of land is often the major factor in the price of a property, the difference between buying a bare land and an already built one may not be significant.

In addition, when it comes to buying a house, the cost may actually be cheaper if you consider the experience of several individuals when building. Due to the scarcity of reliable builders and workmen, most personal home builders end up spending more money to build and yet get a lesser quality finishing than professional developers. Professional developers are not only cost-conscious, they are guided by the fact that if they do not do a quality job, they will find it difficult to sell the property. They also have teams of workmen and other professionals working for them that are already familiar with what needs to be done and how.

Professional developers also buy in bulk since they could be involved in more than one project at a time. These combinations of factors make it easier for them to deliver a house faster and with better quality.

Of course, there are those that try to cut corners but the market will punish them mercilessly for this once people become familiar with their antics. If you want to move into your house faster and with an assurance that you get what you see, buying an already built property may be your best bet.

Finally, it is easier to secure funding to purchase a built property than for property development. Whether the property is being sold by a private developer or an individual, you can examine it and once satisfied with what you are seeing, you can pay for it. Infact, if you buy off plan in a good location or when the market is depressed you may discover that you have bought for good value from inception.

PUNCH.

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6 Key Steps to Take When Buying a House or Land Property in Nigeria https://9japroperty.com.ng/6-key-steps-to-take-when-buying-a-house-or-land-property-in-nigeria/?utm_source=rss&utm_medium=rss&utm_campaign=6-key-steps-to-take-when-buying-a-house-or-land-property-in-nigeria https://9japroperty.com.ng/6-key-steps-to-take-when-buying-a-house-or-land-property-in-nigeria/#respond Thu, 24 Mar 2016 11:00:55 +0000 http://9japroperty.com.ng/?p=4363 There are a great number of things to look out for and keep in mind when buying a new home or land property especially in a place like Lagos Nigeria. The following 6 steps are crucial and will serve as guideline while you make that investment in property in Nigeria. 1. Understand the Nature of […]

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There are a great number of things to look out for and keep in mind when buying a new home or land property especially in a place like Lagos Nigeria. The following 6 steps are crucial and will serve as guideline while you make that investment in property in Nigeria.

1. Understand the Nature of the Property

Investors want to get the best value for their money. And this often translates to the best return on their investment. With this in mind, you want to evaluate the potential growth in investment in a particular area before you throw your hard earned money at it. Growth range is between 5%-30%. Why get less when you can get more? Choose your investment location wisely.

2. Research Who is Selling

Always keep the following questions in mind: “Who is the owner of the property?” “Who is selling the property? Is it the owner, the owner’s wife, son, daughter, or someone else?” “Who’s name appears in the documents? Is it the current owner or the previous owner?” “What liabilities currently exist on the property?”

3. Verify the True Owner

Before you buy a plot of land or a completed building, be sure to conduct what is called a “search” on the property. This is the process of verifying from the state government if the property in question is within government acquired properties or not and whether there are any pending litigation or other issues on the property. The bureau of lands of Lagos state is responsible for all land related matters in Lagos state. It also has office in Government secretariat Alausa Ikeja Lagos Nigeria.

4. Make Payment and Collate the Right Documentation

Pay the property amount to the property owner, then collect the (a) purchase receipt (b) the contract of sales (c) the building plan (d) originals of other relevant documents in possession of the previous owner

5. File the Documentation for Your New Purchase With the State Government

It’s important to do this step because it legally makes you the new owner in the eyes of the law. If the property already has a C of O (certificate of Occupancy), you’ve got Governor’s consent for it which is great. If it does not, then you start processing your C of O as soon as possible.

6. Appoint An Estate Agent to Help Manage the Property

You safeguard your investment when you do this especially if you live outside Lagos Nigeria or overseas. Folks who have invested big time in Lagos Nigeria real estate have found that it has been one of the wisest decisions they made in their lifetime.

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How To Build A House In Lagos Nigeria – Free Tips https://9japroperty.com.ng/how-to-build-a-house-in-lagos-nigeria-free-tips-2/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-build-a-house-in-lagos-nigeria-free-tips-2 https://9japroperty.com.ng/how-to-build-a-house-in-lagos-nigeria-free-tips-2/#respond Tue, 10 Nov 2015 18:08:41 +0000 http://9japroperty.com.ng/?p=3903 How to build a house in Lagos Nigeria is very much similar to how to build a house anywhere in Nigeria or anywhere in the world. Obviously, there will be slight differences in building procedures and laws from state to state and country to country. But the fundamentals stay the same. So, how do you […]

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How to build a house in Lagos Nigeria is very much similar to how to build a house anywhere in Nigeria or anywhere in the world.

Obviously, there will be slight differences in building procedures and laws from state to state and country to country. But the fundamentals stay the same.

So, how do you build a house in Lagos Nigeria?

It’s pretty straightforward. Just follow the steps below.

The Process To Build A House

The first thing to do when contemplating building a house is to develop the house plans using the services of a qualified architect.

When you have a concrete drawn-up plan showing the type, size, and nature of the building you want, it is then easy to make other related decisions.

The second step in this how to build a house guide is . . . cost estimation or cost evaluation.

When you estimate and analyze the cost of building a house as per the house plan you developed, you may discover that . . .

you have enough funds to complete the project or the cost is far above your financial capabilityIf the building costs prove to be beyond your capability, then you need to revise your building plan.The third step in how to build a house in Nigeria is to secure or buy the land required for the building project. Thereafter, you secure building plan approval from the town planning authority.A note of caution.

Please do due diligence when buying land because all your building efforts may turn out to be in vain if you buy land in a location that is under government acquisition or where certain types of buildings are not allowed.

In step four you decide what kind of building you want . . . prefab buildings or block buildings that you start from scratch. This decision will affect or decide the sequence of steps that follow because block work is a different ball-game from prefabricated buildings (or prefab homes).

This effectively covers the preliminaries.

Once the basics are covered as discussed above, you then go ahead
and . . .

source building materials
Start the building construction
Go ahead with the fence building
Start the building foundation
Erect the building (block work)
Deck the building including building of the stairs
Complete the roof work (aluminum roofing or otherwise)
Install windows and doors
Complete the painting of the house
. . . and give the house exquisite finishing with the latest fittings and furnishing (or to your taste, modern or otherwise).

Note that if you engage the services of building contractors, you save yourself the hassles associated with being present for the entire building process.

This how to build a house guide has condensed the process involved in building your own home. However, I must mention that building your own home all by yourself is tough work.

The truth is . . . outsourcing the building project to a qualified and experienced building contractor is the smart thing to do. It saves you a lot of trouble and may actually result in you having a building that is both structurally sound and beautifully finished.

Nevertheless, if you cannot afford the charges of a building engineer, you should at least employ the services of a site supervisor to keep track of the pace of work, material usage rate, and quality of work being done.

You’re spending a lot of hard-earned money on this building project. Paying a little extra to ensure you get value for your money is not asking too much.

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Buying A House In Lagos Nigeria – Free Tips For Buying A Home https://9japroperty.com.ng/buying-a-house-in-lagos-nigeria-free-tips-for-buying-a-home-2/?utm_source=rss&utm_medium=rss&utm_campaign=buying-a-house-in-lagos-nigeria-free-tips-for-buying-a-home-2 https://9japroperty.com.ng/buying-a-house-in-lagos-nigeria-free-tips-for-buying-a-home-2/#respond Tue, 13 Oct 2015 09:43:09 +0000 http://9japroperty.com.ng/?p=3740 Buying a house in Lagos Nigeria is a smart choice. This is because Lagos Nigeria real estate is about the most lucrative property market in Nigeria, the largest black nation in the world. So, when you decide to invest in buying a home or buying a house in Lagos, you’re deciding to join the league […]

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Buying a house in Lagos Nigeria is a smart choice. This is because Lagos Nigeria real estate is about the most lucrative property market in Nigeria, the largest black nation in the world.

So, when you decide to invest in buying a home or buying a house in Lagos, you’re deciding to join the league of successful real estate investors in Nigeria.

So I say, “Congratulations! Welcome to the elite club of Lagos Nigeria home owners!”

The purpose of this Lagos Nigeria real estate investing guide is to provide you some free tips for buying a home . . . real estate investing advice that will enable you make the right home buying decisions and therefore buy your dream home at a good price and get great value on your investment.

The free home buying tips and guidance provided on this site will help you make the right investment decision whether you’re a first time home buyer or you’re one of the many real estate investors currently under the heavy burden of bad credit home loans.

I have actually prepared a home inspection checklist to help you analyze the property you’re about to buy to ensure you make the right buying decision and so avoid pitfalls common to people who are first time home buyers or people looking for cheap housing.

You will also find great guidance for buying a house that involves . . .

buying investment property
buying rental properties and
buying foreclosure property

Financing is a big issue when it comes to home buying. Consequently, a section of this Lagos Nigeria real estate investing guide is dedicated to information on . . .

home equity loan rates
financing for buying a house
commercial real estate loans
investment property loans
real estate loans for estate development

. . . and how to manage even the toughest real estate lender.

When you’re ready to buy your dream house you will discover that you need a real estate lawyer to draw up the purchase and ownership transfer contract . . . the real estate contract . . . between you and the seller.

The good news is that I have a section of this Nigeria real estate web site dedicated to real estate attorneys. This section covers . . .

how to choose a real estate attorney
what charges real estate commission to expect
how to get the real estate attorney to work for you
how to ensure the real estate attorney does NOT work against you

Some people have been told that “lawyers are liars” and tacitly believe this fallacy. Therefore they silently dread having to deal with lawyers or attorneys.

make money fast nigeria africa

Unfortunately, when it comes to buying a home, you cannot run away from attorneys. You have to work hand in glove with your chosen real estate attorney to ensure that your purchase is legal and problem-free. The section on real estate attorneys will help you do just that.

Then there is also a section on real estate values that shows you what property prices are, current real estate values, and how you can take advantage of prevailing real estate market situations when buying a house.

I am a practical person. So I give you all the home buying information you need just the way it is . . . nothing is held back.

Ready to buy your dream home?

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Ikoyi House is not Pa Fashina’s Property, Says Lagos https://9japroperty.com.ng/ikoyi-house-is-not-pa-fashinas-property-says-lagos/?utm_source=rss&utm_medium=rss&utm_campaign=ikoyi-house-is-not-pa-fashinas-property-says-lagos https://9japroperty.com.ng/ikoyi-house-is-not-pa-fashinas-property-says-lagos/#respond Tue, 01 Sep 2015 09:04:57 +0000 http://9japroperty.com.ng/?p=3509 The Lagos State Government said it has rights over a property in Ikoyi that the family of Pa Kayode Fashina claims it owns. The late Pa Fashina’s daughter, Mrs. Olubunkola Ajibike Osomo had accused the Lagos State Government of trying to take possession of her father’s house on the Lagoon waterfront known as Plot 439 […]

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The Lagos State Government said it has rights over a property in Ikoyi that the family of Pa Kayode Fashina claims it owns.
The late Pa Fashina’s daughter, Mrs. Olubunkola Ajibike Osomo had accused the Lagos State Government of trying to take possession of her father’s house on the Lagoon waterfront known as Plot 439 Karimu Giwa Street, Ikoyi, contrary to a ruling of the Federal High Court in Lagos, presided by Hon. Justice D. D. Abutu that ruled that the government acted unconstitutionally and should leave the property alone.

However, the Lagos State Development and Property Corporation (LSDPC) said the government appealed that judgment and won.

The corporation, in a statement, said “Representatives of Pa Fashina sought reliefs from the Federal High Court that the claim of the LSDPC was unconstitutional. Further to the above, the LSDPC sought a declaration at the Court of Appeal, Lagos in Suit No. CA/L/16/09 between LSDPC V Mr. Kayode Fashina & 2 Ors on whether the trial court was right when it held that Pa Fashina’s right against compulsory acquisition of the land was violated.

“On the 27th Day of March 2015, their Lordships, Chinwe Eugenia lyizoba, Tijani Abubakar and Abimbola Adegbenro of the Court of Appeal Lagos, in a lead judgement delivered by Tijani Abubakar (JCA) delivered as follows:

“It is certain this court found that the lower court acted in excess of its jurisdiction by hearing Applicants (Pa Fashina) application without jurisdiction. On this ground alone this appeal is bound to succeed, it therefore succeeds. The decision of the lower court delivered on the 22nd day of October 2008 is hereby set aside, and the Applicants application for enforcement of Fundamental Rights before the lower court is accordingly struck out.”

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