Connect with us

News

Property Features To Consider Before Investing,  by Dennis Isong

Published

on

116 Views

It may be tasky for Nigerians in the diaspora to be able to identify what a property entails if they have not been in Nigeria for a while.

However, when property features and neighborhoods are highlighted in a property listing, it helps with making informed decisions.

Nigerians in the diaspora considering investing in property back home should prioritize assessing the features of a property thoroughly for several reasons:


1. Ensuring Value for Money:
The neighborhoods of the property’s location significantly influences its value. Proximity to essential amenities like schools, hospitals, markets, and transportation can enhance a property’s attractiveness and market value.

The dimensions of the property features, including the number of rooms, bathrooms, and overall layout, should match the buyer’s needs and justify the price.

Evaluating the condition of the property, including the quality of construction, age, and any need for repairs or renovations, helps ensure that the investment is sound and that there won’t be hidden costs post-purchase.


2. Maximizing Rental and Resale Potential:
Properties with modern amenities (e.g., reliable water supply, power backup, security systems) and features (e.g., parking spaces, green spaces) tend to higher rents and better resale values.

Understanding Lagos real estate market can help choose properties that are in demand, ensuring they can quickly find tenants or buyers.

3. Avoiding scams and Fraud:

Cross-checking the advertised features with the actual property helps verify the legitimacy of the deal. Scammers often misrepresent properties to deceive buyers.

Ensuring the property has a clear title and all necessary documentation prevents legal disputes and confirms ownership.


4. Personal Satisfaction and Suitability:
For those planning to use the property personally, it’s crucial that the property aligns with their lifestyle and preferences. Features like the number of bedrooms, kitchen size, and backyard space can significantly impact living quality.

Features that allow for future expansion or modifications can be crucial for long-term satisfaction and adaptability.


5. Investment Stability and Appreciation:
Properties in economically stable and growing areas tend to appreciate more reliably, providing a secure investment.

Areas with ongoing or planned infrastructure developments (like new roads, public transport, or commercial hubs) often see a boost in property values over time.

HOW CAN YOU CONFIRM THE FEATURES AND NEIGHBORHOODS OF A PROPERTY LISTING IN ABSENTIA?

1. Ask the realtor to do a video.

2. Send a trusted person to confirm.

3. Do a video call for confirmation.

4. Ensure what was listed match with what’s shown in the video.

5. Check the map.

I hope you learned something new? Kindly scroll down to save my number and send a message.

▪︎Dennis Isong is a TOP REALTOR IN LAGOS.
He Helps Nigerians in the Diaspora to Own Property In Lagos Nigeria STRESS-FREE.
For Questions WhatsApp/Call 2348164741041

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Dangote Refinery Begins Nationwide Fuel Distribution Amid Mixed Reactions

Published

on

13 Views

The Dangote Refinery has officially commenced the distribution of refined petroleum products across Nigeria, marking a significant milestone in the country’s quest for energy self-sufficiency. However, the development has sparked mixed reactions from stakeholders and citizens alike.

The refinery, located in the Lekki Free Trade Zone of Lagos State, is Africa’s largest and one of the world’s biggest single-train refineries. With a capacity to process 650,000 barrels of crude oil per day, the launch of fuel distribution is expected to reduce Nigeria’s reliance on imported petroleum products.

While government officials and industry leaders have hailed the move as a “game changer” for the Nigerian economy, some citizens and market observers have expressed concerns over pricing, distribution efficiency, and transparency in the supply chain.

Energy analysts note that while the refinery’s operations could stabilize fuel supply and potentially lower prices in the long run, the immediate impact on pump prices remains uncertain due to global crude oil dynamics and local policy factors.

The Dangote Group, led by billionaire industrialist Aliko Dangote, has described the development as a major step toward ending Nigeria’s fuel import dependency and boosting local employment and investment.

As fuel tankers begin to roll out from the refinery to different parts of the country, all eyes are on how this new phase will shape Nigeria’s downstream sector — and whether it will bring long-awaited relief to consumers.

Continue Reading

News

Niger State Makes Preaching An Offense Without Licences

The Director- General of the Niger State Religious Affairs, Umar Farooq, had said anyone interested in preaching in Niger must obtain a licence, emphasising that preachers had two months to obtain their licences.

Published

on

By

20 Views

Governor Umar Bago of Niger State has said it is mandatory for preachers in the state to submit their sermons for approval.

He spoke on TVC’s Politics on Sunday: “I didn’t ban evangelism… For everyone going to sermon on Friday, he should bring his scriptures for review, and it’s normal. Even in Saudi Arabia, this is done.

“We cannot say because you have been given the opportunity to be a cleric you will go out and preach the gospel that is anti-people, anti-government and you think it’s normal.”

Asked if it was out of fear of indoctrination, the governor said, “It’s in that direction. We want to be able to see what they are preaching, hear what they are saying.

We are working together with security agencies; the Department of State Services (DSS), the Police, Nigeria Security and Civil Defence Corps (NSCDC) and the military.”

The Director- General of the Niger State Religious Affairs, Umar Farooq, had said anyone interested in preaching in Niger must obtain a licence, emphasising that preachers had two months to obtain their licences

.“It is true, the State Government has banned preaching. Any preacher who wants to preach must secure a licence between now and the next two months.”

Continue Reading

News

No Danger from Ikeja Gas Odour, Rescue Ongoing at Ebute-Metta Collapse – Lagos Fire Service Assures (Photos)

Published

on

25 Views

The Lagos State Fire and Rescue Service has assured residents and commuters within the Ikeja axis that there is no cause for alarm following the detection of a passive gas odour in the area.

In a statement released on Saturday, the agency attributed the odour to a routine gas pipeline maintenance exercise being carried out by Axxela Group, the parent company of Gaslink, which operates gas pipelines supplying parts of Lagos.

According to the Fire Service, the exercise involves the controlled release of residual gaseous particles and poses no threat to public safety. Fire and Rescue teams are actively patrolling the area as a precautionary measure.

“The public is hereby assured that the situation is under control,” the statement read. “The saturated air is expected to dissipate shortly, and residents are advised to go about their normal activities without fear.”

In a separate incident, the Lagos State Fire and Rescue Service also confirmed that a four-storey building under construction collapsed at 333 Borno Way, Alagomeji, Ebute-Metta, at approximately 7:46 p.m. on Friday.

Emergency responders, including the Fire Service, have rescued three adult male victims alive from the rubble.

However, search and rescue operations are ongoing as two construction workers are still believed to be trapped.

All relevant emergency services are currently on the scene, and further updates will be provided as the situation develops.

Residents are urged to remain calm and follow official communication channels for verified information.

Continue Reading

Trending