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The Most Important Factors To look Out For When Buying A Land Or House

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Buying a Dream Home or land is one of those life achievements that is at the top of practically everyone’s to-do list.

Most of us want to live in a house that feels like it was built just for our family

You’ll want to look for a property that will keep you and your family happy for the long haul, as you’ll most likely be staying in it for the foreseeable future.

Don’t be scared to be choosy and wait until you locate the appropriate place for you.

Here Are Important Factors To Look Out For When Buying A Home Or Land In Nigeria

Title Covering The Land

Purchasing land without the required paperwork is a recipe for catastrophe.
When purchasing land, the first important issue to ask is, if the seller has the authority to sell the property. Is it true that they are the rightful owners?

Before proceeding with any transaction, you must obtain proof of ownership from the seller. If a seller cannot give sufficient proof, it is a red flag to back out of the deal.

There’s a risk you’re about to engage in a fraudulent transaction. Because he/she does not have the legal authority to transfer the property to you.

Whatever you do, never enter into a transaction with a seller who cannot show proof of ownership. Also verify the authenticity of the land at ministry of lands. After ascertaining that the land is genuine, make sure that you’re given all the necessary documents that fully transfers the title to you.

Price Of The Land

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If you want to know if the land you want to buy is worth it, you must evaluate the pricing. Factors that affect the price of land are topography, location, soil type etc

Take these considerations into account before agreeing to the land’s price.

If its possible, enlist the help of a real estate professional or another building industry expert with experience with landed properties.

Furthermore, there are instances where a land’s price is influenced by the expectation of future development.

My recommendation is that you take your time and weigh the potential benefits of purchasing such land, and that you consult with an experienced specialist to avoid making mistakes.

Location

You should evaluate the location of a land before purchasing it, since the location of a land can prove to be a significant asset in the future.

Land is cheap in some places, but it will develop swiftly in the near future.

Check out for features like accessibility to major roads and large projects as this will definitely make the value of the property to go up in near future.

Before purchasing a piece of property, it’s a good idea to pay close attention to how development is approaching the area. To help you make better decisions, consider whether the development is slow or fast. Be a wise investor!

Also Higher education institutions, highways, industry, and markets are some of the factors that promote rapid development.

Land Size

If you want to buy land in Nigeria, you must analyze the size of the land you are purchasing to ensure that it matches what a land owner claims.

If a landowner says the land is two plots, for example, it is your job to double-check the size.

Involving a surveyor or a building industry professional is one approach to ensure that the size of a piece of property is accurate before purchasing it.

If theirs a survey plan, give it to a surveyor, who will inspect or measure it to ensure that the information on the survey plan is correct.

In circumstances when the land does not have a survey plan, the surveyor will examine or measure the land to ensure that what the land owner claims is correct.

After you have purchased such land, the surveyor will also assist you in creating a survey plan.

Good Road Network

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A good road network will ensure that you have simple access to the land you want to acquire. Before you buy a piece of land, think about how you’ll get to it from a main road.

In Nigeria, there are cases where people buy land without paying attention to the access road, only to realize later that the only route to get to their land is through another person’s property, which can be difficult.

Before you buy a piece of land, ensure sure the access road issue is resolved with the landowner. If there isn’t an obvious access route to your property, make sure the landowner builds one so you don’t have any problems in the future.

Security

An important question you should ask yourself before you purchase a land is “How safe is this location where I wish to buy land?” What is the area’s crime rate? Is it a place where you’d wish to live in 3 to 5 years?

These are some of the questions you should ask yourself before purchasing property. It makes no difference whether you are purchasing a commercial or residential property.

You must be confident in the safety of the area in which the land you wish to purchase is located.

I am sure you don’t want to buy a piece of property where hoodlums or thieves will constantly bother you.

The security of a location also adds to the value of your home. No one wants to leave in a neighborhood where they won’t be able to sleep at night or where they don’t know if their company will be looted in the night..

Someone told me how he built his dream house in an unsafe area in Lagos. He was robbed several times in the night by hoodlums and the several attacks forced him to pack out from that house.

Soil Type

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You should also think about the soil type of the land you’re buying to make sure it’ll be suitable for your needs.

A place with very poor soil may not be suited for building, example a water logged land. If you build on such land, you may end up spending more money.

Check to see if the soil type of the land you’re buying is suitable for the reason for which you’re buying it.

Topography Of The Land

factors to consider when buying a property

Before you acquire a piece of land, make sure to look at the topography.

Sloppy lands may increase the expenses of erecting a structure on them.

For building purposes, flat table lands are always preferred.

Flooding might occur if the topography of a place is poor. Certain changes in the slope of a land might cause flooding and erosion over time.

Shape Of The Land

Before purchasing a piece of property, it’s also crucial to evaluate its shape. If you want to use a piece of land for housing, you’ll need one that is in a relatively good shape, because the shape of the land can have a significant impact on the design of a home.

Certain land shapes can result in the loss of area that should have been incorporated in the house to be built.
This is because connecting the sides of the unevenly shaped land could be a difficult effort for an architect, and it could result in the loss of some of the house’s areas.

Serene Environment

If you’re thinking about building your ideal home and being your own landlord, you’ll want to make sure it’s in a good location.

If it’s going to be your retirement plan, you’ll want to be at ease and relaxed. This is why, when purchasing land in a certain place, it is critical to evaluate the area’s tranquility.

Another consideration is if the atmosphere is conducive. Being near an industrial area could pose a health risk in the future.

Basic Amenities

The significance of these cannot be overemphasized. Regardless of whether you are purchasing land for business or residential purposes, you must ensure that essential amenities are available in the area

Is there, for example, a consistent power supply in the area? Nobody wants to move to a place where there is no power supply, whether it is for commercial or residential purposes.

Is the water in that area clean or dirty?

Conclusion

Everyone has the right to live in their ideal home. It is achievable with the correct amount of investigation. As you and your family begin the home-buying or land buying process, keep these crucial considerations in mind. They’ll assist you in focusing on the characteristics that a property must possess in order to be your ideal match.

So, what exactly are you waiting for? There’s no need to put off realizing your ambition. Tell us about the house or land of your dreams and we’ll help you get it. That’s why we are real estate guiders, we guide you to a safe and secure property. Call /WhatsApp 08082023568

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3 Comments

3 Comments

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    June 6, 2022 at 6:16 am

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