Nigeria is a country with almost 200 million occupants, and also due to the economic and political issues, it has had a negative impact on the real estate market. Inexperience: Some people will claim that they don’t have the knowledge to invest in real estate and manage it effectively, especially Nigerians in the diaspora who...
Statistics have shown that infrastructure represents about 50% of the construction cost for property developers. This indicates that good infrastructures are a key operator of where real estate investment millions go. Nigeria’s real estate sector posted a 3.85% growth in the second quarter of 2021, representing its highest growth in six years. This has been...
When it comes to owning a home or renting, there is always so much which is debated about. Both sides have valid reasons to which is better, so it can get a bit confusing. Renting is an agreement where a payment is made to the owner of the house (landlord) to reside for an agreed...
Owing to the growing population, the purchase of land in Nigeria has been in high demand. People aspire to own land in Nigeria, expatriates aspire to take a share of the lands to serve a commercial or residential purpose. With the growing demand for landed property, it’s a pity that only about 12% of land...
Real estate investments have existed for so many years but not everyone has tapped into this. There are so many financial potentials for investing in real estate. Imagine the benefits of investing in real estate, do you think you would be able to retire comfortably when the time comes? Real estate investing when done correctly,...
If you’re considering becoming a homeowner, even years from now, recognize that there’s a lot more to purchasing a house than saving enough money for a down payment. Additional expenses come up throughout the home-buying process. Some of these are upfront, out-of-pocket costs that are nonrefundable even if you end up not closing the deal....
Sustainable design focuses on the integration of the built environment with its surrounding ecosystem. It attempts to create affordable living spaces for all people while considering their effect on the environment. WHAT ARE THE GOALS OF SUSTAINABLE DESIGNS? Conserve Natural Resources Sustainable design recognizes that earth’s resources cannot be limitless and strives to develop efficient...
Buying a property can be quite exciting because yes, you are making a worthwhile investment and more so, you are becoming a property owner, amazing isn’t it? Now one major problem people generally face when buying properties is buying a property at an overtly costly rate which is mostly caused by the irregularity of the...
Inspection is important when getting a new property because it provides an opportunity to carefully assess the condition and value of the property. Home Inspection are always suggested because it saves a lot of time and money in the long run. During the inspection process, flaws of the property like electrical system installation flaw, bad...
Real estate has a proven track record of having a high return on investment and as such provides opportunities for realtors and investors. There’s always a property up for sale and a realtor interested in acquisition but then again how can one tell what property has a high investment opportunity? First off, it is important...
