Blog

Card image cap
Real estate

6 THINGS TO CHECK BEFORE BUYING A PROPERTY IN NIGERIA

Mar 09, 2023

Buying a property in Nigeria can be a significant investment, and it's important to ensure you make an informed decision. Here are six things to check before buying a property in Nigeria:

1.     Ownership and title documents: Verify the ownership and title documents of the property with the relevant government agency. Ensure the seller has the legal right to sell the property and that there are no encumbrances on the property.

2.     Location: Check the location of the property and ensure it's in a desirable and safe area. Consider proximity to schools, hospitals, and other essential amenities.

3.     Property condition: Inspect the property to ensure it's in good condition. Check for any signs of damage, structural issues, or necessary repairs.

4.     Access and infrastructure: Check for accessibility to the property, including roads, electricity, water, and other necessary infrastructure.

5.     Security: Ensure the property is in a safe and secure area. Consider the crime rate in the neighborhood and any security measures in place.

6.     Property value: Research the property market in the area and compare the price of the property to similar properties in the area. Be wary of properties that are significantly overpriced.

In conclusion, before buying a property in Nigeria, conduct thorough research, and verify all important aspects of the property. It's also recommended to work with a reputable real estate agent or lawyer to guide you through the process.

See our Estates.

+