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Property Features To Consider Before Investing,  by Dennis Isong

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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

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CIoD appoint new DG Nolas-Alausa

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The Chartered Institute of Directors Nigeria (CIoD Nigeria) has announced the appointment and resumption of Dr. Taiwo Nolas-Alausa as its new Director General/Chief Executive Officer.Dr. Nolas-Alausa succeeds Mr. Bamidele Alimi, who completed his second and final four-year term as the DG/CEO of the Institute on 31 July,2025.

He is aLearning and Development Consultant with over 22 years of leadership experience across Africa.

Dr. Nolas-Alausa brings to CIoD Nigeria a dynamic blend of strategic insight, communication expertise, and a deep commitment to institutional growth and capacity building.

The President and Chairman of the Governing Council, CIoD Nigeria, Otunba Adetunji Oyebanji, said: “On behalf of the Governing Council of the Chartered Institute of Directors Nigeria, I am pleased to officially welcome Dr. Taiwo Nolas-Alausa as the Director General and Chief Executive Officer of the Institute.

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LASG declares 176 estates illegal for lacking approved layouts

Permanent Secretary, Office of Physical Planning, Oluwole Sotire, disclosed that some of the identified illegal estates include Adron Homes, Elerangbe; Aina Gold Estate, Okun-Folu; Diamond Estate, Eputu; Prime Water View Garden, Ikate-Elegushi, and Royal View Estate, Ikota, among others.

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Lagos State Government has declared 176 estates at the Eti-Osa, Ajah, Ibeju-Lekki, and Epe axis of the state illegal.

Permanent Secretary, Office of Physical Planning, Oluwole Sotire, disclosed that some of the identified illegal estates include Adron Homes, Elerangbe; Aina Gold Estate, Okun-Folu; Diamond Estate, Eputu; Prime Water View Garden, Ikate-Elegushi, and Royal View Estate, Ikota, among others.

He added that the illegal estates compromised the sustainable development ethos and the T.H.E.M.E.S+ agenda of the government by operating without approved layouts.

Consequently, the government has given the owners a 21-day ultimatum to process their layout approvals.

The estates, which were deemed illegal due to the failure of the owners to obtain layout approvals from the Ministry of Physical Planning and Urban Development, were listed in a document published by the ministry, yesterday.

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VISA: US demanding $15,000 down payment for some visitors

The funds will be returned if the applicant complies with all visa terms. If the applicant remains in the United States past the deadline, the funds will be forfeited.

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The US State Department says that some visa applicants will soon be required to pay bonds of up to $15,000 to discourage visa overstays as part of President Donald Trump‘s crackdown on migration.

Starting later this month, the pilot program will require applicants from certain countries to pay a sum of “no less than $5,000” as collateral for the issuance of their visa.

The funds will be returned if the applicant complies with all visa terms. If the applicant remains in the United States past the deadline, the funds will be forfeited.

“Consular officers may require covered nonimmigrant visa applicants to post a bond of up to $15,000 as a condition of visa issuance,” the agency said in a notice to be published Tuesday in the US Federal Register.

The 12-month program would only affect foreign nationals from countries considered to have “high visa overstay rates” based on a 2023 Department of Homeland Security report, the notice said.

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