What You Must Know Before Buying Land In Nigeria

Owning your dream property is a significant milestone, whether it’s for personal use or investment purposes. In the excitement of buying a property you’ve had your eyes on, it’s crucial to pay attention to certain details for safety and security reasons.

When you decide to buy a property from a real estate development firm, the first thing you should do is request the product paper and Frequently Asked Questions (FAQs) for the property of interest. The Product Paper and FAQs contains vital information necessary for making an informed decision, including but not limited to this checklist:

 

  1. Price of the Property: Understand the total cost and the breakdown.
  2. Price per Payment Plan: Know your options for installment payments.
  3. Exact Location: Ensure you know where the property is situated.
  4. Refund Policy: Familiarise yourself with the terms in case you need to pull out of the deal.
  5. Land Title: Verify the legal ownership and title of the land.
  6. Documentation to be Given: Know what documents you will receive upon purchase.
  7. Deliverables of the Developer: This includes the road network, drainage, streetlights, recreation areas, and other amenities promised during development.
  8. Developmental Milestones: Track the progress and timelines for the property’s development.
  9. Developmental Levies (if any): Be aware of additional charges related to the property’s development.
  10. Documentation Levies: Understand the fees for paperwork and legal documentation.

 

Investing in property can be a fulfilling venture, but it requires careful consideration. As a real estate brand that prioritizes your security and safety, we do our due diligence and ensure that you have all the necessary information and understand every aspect of your purchase to make a smart and secure investment decision. Let’s help you find your dream home. Explore our best-selling properties HERE

 

Photo Credit: By Freepik

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