opalu:
WHAT YOU NEED TO KNOW BEFORE BUYING SWAMPY LANDS.
1. Swampy lands are generally cheaper than dry lands of same location and same size. Ideally that is the norm but there are a few land owners who over price their swampy lands over and above their dry equivalents. Those are the few exceptions.
Why are Swampy lands cheaper? The reason is obvious, the demands are lower than the dry lands.
2. Never ever agree to a high price for a swampy land. Bring on your negotiating A game to beat the price down. This is because, the Foundation for swampy land costs more and as such you need to have compensated for that in the purchase of the swampy land. Second reason is that there would be much filling that dry land so that price also should be compensated for at the time of negotiations.
3. Buying a swampy land is always far better than buying a dry land. Especially if you are buying the land for an estate project. Some months ago I worked on series of swampy land for estate projects. Where the swampy land price is 'P'. The cost for filling it is half of P. And after filling, the land is sold for between 3-5 times the original value (3P to 5P). Meaning that if the price of swampy land is N5M after sand filling to make it dry land, the sales value jump to between 15m and N25m.
4. When I advise people here, I always suggest you take a highly experienced Engineer with you with a thorough knowledge of flooding. There is a clear cut difference between a Swampy water logged area and a Flood-prone area. There are some swampy lands that are in flood planes. But that does not mean that wherever you see waterlogged area means its susceptible to flooding.
Never ever buy a flood prone area even if they dash you 2 for N10. Dont even accept that land to use for fish pond business because very soon one day a Dam at Kainji in Niger state or a dam in Chad would be over flooded and they would need to release the excess water. That water will find its way to every part of Nigeria even till Niger delta. And those lands that are below the flood plane would be submerge and subsumed with water be it in Lokoja my state or Ogun state or Niger delta or Isheri North or Lekki.
5. When people buy a car of 2m they take Mechanics, but when the same people want to buy land or Structure that cost more than car, they go with only their wives or brothers. They dont take an experienced Engineer. Luckily enough via technical engagements like this, so many people have invited professionals to verify and validate their choices of locations and choices of buildings to purchase.
6. Swampy lands that are not in flood prone areas are very good buys always. The cost of sand filling is not much compared to the price of buying an already filled land. People tend to forget that a "Dry Land" is simply a waterlogged land that was filled.
7. The secret of pricing a water logged land to purchase is that you should buy that land at a price that when you add the cost of Filling and any other soil stabilization to it, the total would still be LOWER than the price of an equivalent dry land. Thereby you make a handsome gain upfront. So that when you resell, you would make good profit no matter the price you sell. This is why you need to carry a professional along to determine the quantity of filling required amongst other functions he would perform.

opalu:
WHAT YOU NEED TO KNOW BEFORE BUYING SWAMPY LANDS.
1. Swampy lands are generally cheaper than dry lands of same location and same size. Ideally that is the norm but there are a few land owners who over price their swampy lands over and above their dry equivalents. Those are the few exceptions.
Why are Swampy lands cheaper? The reason is obvious, the demands are lower than the dry lands.
2. Never ever agree to a high price for a swampy land. Bring on your negotiating A game to beat the price down. This is because, the Foundation for swampy land costs more and as such you need to have compensated for that in the purchase of the swampy land. Second reason is that there would be much filling that dry land so that price also should be compensated for at the time of negotiations.
3. Buying a swampy land is always far better than buying a dry land. Especially if you are buying the land for an estate project. Some months ago I worked on series of swampy land for estate projects. Where the swampy land price is 'P'. The cost for filling it is half of P. And after filling, the land is sold for between 3-5 times the original value (3P to 5P). Meaning that if the price of swampy land is N5M after sand filling to make it dry land, the sales value jump to between 15m and N25m.
4. When I advise people here, I always suggest you take a highly experienced Engineer with you with a thorough knowledge of flooding. There is a clear cut difference between a Swampy water logged area and a Flood-prone area. There are some swampy lands that are in flood planes. But that does not mean that wherever you see waterlogged area means its susceptible to flooding.
Never ever buy a flood prone area even if they dash you 2 for N10. Dont even accept that land to use for fish pond business because very soon one day a Dam at Kainji in Niger state or a dam in Chad would be over flooded and they would need to release the excess water. That water will find its way to every part of Nigeria even till Niger delta. And those lands that are below the flood plane would be submerge and subsumed with water be it in Lokoja my state or Ogun state or Niger delta or Isheri North or Lekki.
5. When people buy a car of 2m they take Mechanics, but when the same people want to buy land or Structure that cost more than car, they go with only their wives or brothers. They dont take an experienced Engineer. Luckily enough via technical engagements like this, so many people have invited professionals to verify and validate their choices of locations and choices of buildings to purchase.
6. Swampy lands that are not in flood prone areas are very good buys always. The cost of sand filling is not much compared to the price of buying an already filled land. People tend to forget that a "Dry Land" is simply a waterlogged land that was filled.
7. The secret of pricing a water logged land to purchase is that you should buy that land at a price that when you add the cost of Filling and any other soil stabilization to it, the total would still be LOWER than the price of an equivalent dry land. Thereby you make a handsome gain upfront. So that when you resell, you would make good profit no matter the price you sell. This is why you need to carry a professional along to determine the quantity of filling required amongst other functions he would perform.

Mykel51:


After sandfilling a waterlogged land for an estate, can you commence building on it or you leave it for some time to consolidate naturally ?