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Things To Know About Real Estate Investment. - Properties - Nairaland

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Things To Know About Real Estate Investment. by sambiyi(m): 7:55pm On Jan 07, 2019
Buying land in Nigeria especially in Lagos can be a very difficult decision to make. But in this post I will highlight the 10 things you must check that will help you to make better decision.
Over the years, I have come to really understand that before buying Land that there are some things you need to carefully consider.
The most frequent question people do ask is:
What Title does the Land have?
I know a man who bought land from the owners all papers was complete and he went ahead to build and moved into it, only for him to receive a letter from the Government saying he should vacate the house as his house has been marked for demolition.
He couldn’t believe his ears, according to the letter he was building what is not allowed in that area.
The government had already marked that area as an industrial area. So building a residential home was not accepted.
So most times it is not always about the land documents alone that you need to check before buying land there are a lot more and that is what I will be revealing to you in this article.

Do follow me to the end and don’t forget to share this post as you do not know who needs this article…
1. Location.
Location is the number one thing to consider when buying land in Nigeria. This is the foundation to other things you need to check.
The location will determine what value the land will be in the future because a land in a developed area will cost more than a land in developing area.
Another reason to consider location when buying land, is that you need to consider if the location of the land is fast attracting development.
No one will like to buy land that the location is slow in developing.
My advice when trying to consider location:

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