Tips In Buying A House In Nigeria Part 1

Housing has become one of the major factors affecting developing countries which Nigerian is among such countries. Nigerian Government are trying to provide housing for its citizens which is seriously helping the country.

For those who will love to buy houses in Nigeria or will love to invest money in Nigeria housing system, I will love to share some tips with you on buying houses in Nigeria.

In buying houses either for a residential building, industrial or commercial, here are some factors that has to be considered before purchasing;

•  Age- The age of a property greatly determines the value because, the longer the property stays it tends to depreciate in value so, depreciate in a sense that an old building will lack some modern designs and the materials used to construct such a building will be showing signs of weakness such as cracks, leakages and so on. A buyer should seriously consider this factor before purchasing a building or rather purchase it for a low amount and renovate the building.
• Location- This is also an important factor that should taken into consideration when purchasing a landed property. properties located at urban centers like Lagos will command a higher value to a property located in a rural centre. So a buyer should go for a property located in an urban centre if the purpose of the purchase is to make profit. for those who will love to purchase a building for commercial purpose should not go and buy a building inside a rural area but instead of that, buy a building closer to the road, this also helps in publicity.
•  Accessibility- in buying a property especially a building, the access to such a property should be considered, expect you are ready to create an access road to such an area.
• Purpose- Your purpose of acquiring such a building matters a lot, your purpose will determine how and where and the type of building your want. If I want to buy a building for commercial purpose such as selling etc you don't expect me to buy a bungalow building for that No!, instead of that I will buy a Complex which is close to the road as these will help in making the business better and it will also grow faster.

This is just article 1 of the tips which will help you select and buy a good and solid building in Nigeria. I hope with these little points you have been able to grab or get a little of where am heading too.