Lands for Sale

REAL ESTATE MARKETER, DO YOU KNOW WHAT YOU ARE SELLING?

These days a lot of people are into some form of real estate business. In the past 5 years, thousands of Nigerians have become real estate marketers. That’s not a problem. It’s actually a very good thing because real estate marketing is a good source of income and besides, in Nigeria, we have a massive housing deficit. The problem is that recently, unscrupulous elements are…

Terrace Duplex

CONSIDER DOING A JV

Some people have parents, uncles and aunts who acquired land in developing areas many years ago. These places that were called developing areas back then have become highbrow areas today. Lands that they bought for less than N1m are now worth many times more. These people have become multi-millionaires by reason of the value of their properties but they don’t have millions in their bank…

Collapsed wall fence

Monitor your Construction Project

If you are willing to work hard to make money to build your own house, you should equally be willing to monitor every stage of its construction. In the past year, I have seen 5 different cases of people who wasted money on their building project because of poor construction work. The first case is a compound of 2 buildings constructed in an estate in…

Building Collapse

LAND SURVEYORS CAN HELP REDUCE BUILDING COLLAPSE IN NIGERIA

Two recent stories in the Punch Nigeria newspaper show that building collapse is still rife in the country. According to the first story, Nigeria recorded a total of 43 building collapse cases in 2019. This is quite high. Despite the efforts being made by the government to curb this menace, the number of building collapse cases hasn’t reduced. In the second story, the National Assembly…

Land for Sale

Investing in Ibeju-Lekki, Lagos

Investing in Ibeju-Lekki is a no-brainer.  When you consider the Lagos State master plan and the on-going developments in the area, you just know that owning a portion of Ibeju-Lekki is a must. It is the second largest local government in Lagos state and it borders the Atlantic Ocean. The opportunities it presents are numerous.  By the time the Dangote refinery,  Lekki Free Trade Zone,…

Site work at Ibeju-Lekki

Your Lawyer is not a Registered Surveyor

Over the years, I have observed something in the real estate industry. A lot of clients believe that their lawyer knows everything about property acquisition. This is not right. The fact that your friend is a lawyer does not mean that he is a real estate lawyer. Not all lawyers are skilled in real estate matters. Lawyers have specialties. Your friend can be an intellectual…

Consider buying half plot of land in Lagos?

We went to a site in Ikate, Lekki recently and on this land, the developer built three sweet 4-bedroom duplexes with parking space on 40mx20m (800 square meters) of land. So I began to ask myself, why do some clients always insist on buying 1 full plot? When buying land, must you buy one full plot? I don’t think so. What should determine the size…

How much for Registered Survey?

A lot of times when we receive calls from potential clients, the only question they ask is “How much for Registered Survey in….?”. It is understandable that, considering the cost of survey in Lagos and Ogun, most of them want to know how much a Registered Survey will cost but the truth is it is not the most important question. The important question they should…

Don’t be Penny Wise & Pound Foolish in Land Matters

Buying land in Lagos can be tricky. It is very important to involve someone very knowledgeable. Consult your registered land surveyor and your lawyer before buying land. They are the two most important professionals you will need at the beginning. The surveyor will check if your land is situated in a location that confirms with physical planning rules (e.g. not too close to high tension)…

Importance of a Deed of Gift

This year we have had 2 clients who needed a signed Deed of Gift but didn’t have one. The father of our first client was a politician. He had a big parcel of land somewhere in Alimosho but he died unexpectedly and didn’t leave any land document with his lawyer or any of his children. The good thing is that the children are not fighting…