Estate Agency
Finding Your Dream Home in Lagos
We offer in this area unequal honesty, integrity and high ethical values in the acquisition, letting and sales of landed properties at various locations, to ensure clients satisfaction. This include disposal of foreclosed assets on behalf of Financial Institutions, etc.
Nigeria is the most populated country in Africa with an estimated population of 180 million people and Lagos having 10% of that population. Lagos is infamous for being the most populated city in Nigeria and in Africa as a whole. Lagos is filled with a noisy and populated areas, busy roads and heavy traffic in the early hours of the day as well as evening. Lagos is a very exciting city rarely is there a day without ear popping news or event. The city prides itself as one of the fastest growing cities in the world and a major financial hub in Africa. It is definitely one of the best places to live in west Africa
Lagos is to Nigeria what London is to the United Kingdom. Lagos was originally inhabited by Yorubas but today, there are over 100 ethnic groups residing in the city.
Lagos is the commercial capital of Nigeria while Abuja is the political capital of Nigeria. Lagos has an ever-growing influx of people on a daily basis as people migrate from different parts of the country to earn a living in the city. This is apart from those who travel by road and air for business transactions.
The following steps will be a great help to find that dream home in Lagos
- Draw Out a Budget
- Decide what type of property you would love
- Use the Ideal Property Finding Platform such as www.soyeboandco.com
- Ask the Neighbours
- Speak to our real estate officers
- Close the transaction
The Budget
It is very important to start with budgeting before buying a house in Lagos. It will make your search a lot easier by narrowing your focus. It is also essential not to jump on every cheap offer to avoid being scammed. Don’t lose sight of your money budget in a bid to get the fanciest house. You are best served by credible real estate firms like Soyebo & Co.
Do not get a mortgage to help finance the purchase without a proper payback plan. It is, therefore, necessary to clear on your budget and the realtor will guide you accordingly.
Use the Ideal Property Finding Platform
Physically visiting different houses before choosing a particular property can be a very exhausting task. How many houses can you cover with the Lagos traffic and your daily responsibilities? Your time is money.
Thanks to technological advancement, the stress of finding a property for sale in Lagos has been halved. All you have to do is log on to credible real estate websites and search for the property you wish to buy. This will narrow your search significantly. It is very important to use the right platform. You will be able to check out as many properties as possible and settle for something that suits their needs.
Which home type best suits you
There are a number of risks that come with house purchase. This makes buying a house more challenging than renting a house. This is why you need to consider what type of property suits you best.
Lagos is divided into two parts, the mainland and the Island. The price of property on both parts differ significantly. Whichever part you look, there are always properties available for sales. What you eventually choose should be dependent on reasons and goals in purchasing the property. Consider proximity to you most essential needs e.g. school for kids, office, preferred weekly shop market etc.
Ask the neighbours
Take your time to speak with neighbours about the neighbourhood, subjects like security, amenities and the general character of the neighbourhood are important topics in your discussion with neighbours.
Do not just listen to what the seller is saying. Remember the seller’s goal is to sell and not necessarily to protect your interest. In some cases, the seller may be fraudulent. This is a good reason to use credible agencies like Soyebo & Co and ask the neighbours.
Other Considerations
Some important things to consider when buying a house in Lagos include
- Social facilities
- Location
- Cost of maintenance
Social Facilities
You can find out about social amenities by taking a tour of the neighbourhood and asking neighbours. Facilities like neighbourhood security, power supply, and water supply should be checked. The type of water found in most of the supply is dependent on the type of water available in the neighbourhood and the neighbours can easily verify this for you.
How close are markets that meet your need? What is traffic like at peak hours? Etc.
Location
As it is with most places, the location determines the cost of the property. Although you might be fortunate to find a cheap property, the location plays a significant role in the quality and price of the property. Properties on the island are generally more expensive than properties on the mainland.
Cost of Maintenance
Both new and old properties require maintenance. Some new houses might require more maintenance than you expect. Take your time and check the quality of the fittings in the property. Pay attention to plumbing and electrical fittings. We recommend you take an expert with you. Even good quality new properties would have finishing snags which the developer would only know once the property is in use. Kindly ensure you have an agreement with the developers to resolve unseen snags before you buy the property because the snags will contribute significantly to the cost of maintenance. Also understand the type of electrical services that have been provided to help determine what type of electrical appliances you can install. Installing an electrical appliance for which the building and electrical system does not have the capacity to carry could result in disaster.