Real estate has long been a great way to invest, but it has traditionally been inaccessible to those with limited resources, such as students, corps members and owners of small businesses. But with the rise of flexible real estate inves
Given the exorbitant cost of real estate and the city’s quickly growing population, owning land in Lagos can seem like an impossibly difficult task. Nonetheless, it is possible to acquire land in Lagos in three years with the right planning and approach. You can follow the instructions listed below:
Determine your budget
Establishing your budget for the purchase of land is the first stage in becoming a landowner in Lagos. This will assist you in reducing your possibilities and concentrating on choices that fit inside your price range.
Research potential areas
After you’ve established your budget, you need to look at potential areas for buying land. Seek for locations that are developing quickly and have promising potential for growth and value appreciation.
Connect with reputable real estate agents
The success of your land-buying endeavor depends on choosing a trustworthy real estate agent. Choose a real estate agent who is familiar with the Lagos real estate market and who can guide you through the land purchase procedure.
Save for a down payment
A down payment of at least 30% of the total cost of the land is typically required for transactions. If you want to have money for a down payment when you find the ideal plot of land, then you must start saving as soon as you can.
Consider flexible financing options
Real estate has long been a great way to invest, but it has traditionally been inaccessible to those with limited resources, such as students, corps members and owners of small businesses. However, firms like Pertinence Properties have packages like Property Flex which allows flexible payment for land.
Get a land survey
Although this may have already been done by the real estate firm you want to patronize, it is proper that once you have identified a piece of land that you are interested in purchasing, you get a land survey done to ensure that the land is suitable for your needs and that there are no legal or ownership issues.
Close the deal
Finally, once you have completed all of the necessary due diligence, you go ahead and close the deal, and become a Lagos landowner! Make sure to review all of the documents carefully and seek legal advice if necessary.
In conclusion, becoming a Lagos landowner in three years is possible with the right planning and strategy. By following these steps, you can achieve your dream of owning a piece of Lagos real estate and building your wealth over time.