Building a modular container home can be one of the most rewarding experiences of your life. As we all know how expensive it is to buy a Plot or a Flat in this era, It’s a very essential need and a dream for many people to own their House.
For such kind of modern problems, there is a modern solution, and Greenmax Prefab from Greenpots (Houseonmove) can help you in solving your this problem. Houseonmove specializes in the unique and innovative use of shipping containers to create strong and cost-effective structures for regular use.
Building a modular container house can be very beneficial for you, and not just you but also beneficial for the environment, As these Containers are environment-friendly.
Modular Container Homes can be a very good alternative to traditional Housing for Number of reasons
- Flexible Design
- Quality Construction
- Easy to install
- Multipurpose use
- Easy to resell and Relocate
- Quick Build Time
Flexible Design: You can be very creative and Let Your Imagination go free while building these Modular Container House. These Modular container Homes can be Flexibly designed and you can get the work done as the way you want it.
Quality construction: These Quality Modular containers are very Strong, Durable and Long-Lasting, They will stand tall to extreme weather conditions and harsh climate’s.
Easy to Install: These Quality Modular Container Homes are very easy to install and takes very less time to built and can be put together very quickly, These are also a great shelter solution in an emergency solution.
Affordable: One of the biggest benefits of Modular Shipping Container Home is that they are quite Cheap than your standard House. Hence, they are affordable making homeownership possible for most people.
Multipurpose use: These Modular containers cannot just be used for building Home, but it can be used for building many different things like an Office Cabin, Farm House, Villas, Washrooms, Security Cabins etc.
Eco-Friendly: Proper Insulation in these Modular Container Homes can be very energy efficient and can withstand both Hot and Cold Temperature. These Modular Container Homes can be Reused or Recycled and is also a perfect example of Sustainable development.
Most people nowadays knew the importance of Solar Energy and are shifting from standard form of energy to Solar Energy, And in these Container Homes, you can opt for Solar Energy.
Easy Relocation and Easy to Resell: These Modular Container Homes can be easily relocated at any place. If you decide to pack up and move across the country, Then well you can also take your Home away with you,
As you can Ship your Modular Container Home wherever you want. As there are So many advantages and benefits of Modular Container Home so you can also easily resell these Container Homes.
Quick Built Time: One of the biggest benefits of Modular Shipping Home is that they can be built within no time as compared to Traditional Home.
When you saved enough money for a real estate business investment itself a financial feat, it is not the only financial consideration that would-be homeowners need to make when preparing to dip their feet in the market. Having savings set aside is a vital element for homeownership preparation. However, there are also several financial blunders that potential buyers can make, which will complicate their prospects of being able to buy a property.
Mistakes to Avoid in Real Estate Business Investment
According to Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa, there are two main reasons that a favourable credit score will help. The first is that is will improve your chances of bond approval, and the second is that it will impact on the interest rate the bank is willing to give on the loan.
Try not to Incur Additional Debt: During the real estate investment process, it is also best to avoid applying for extra credit such as store accounts or credit cards, as multiple credit enquiries will have a negative impact on your credit score. You should ideally focus on paying down any existing debt to around 30% or less of the limit and correct any errors on your credit report,” says Goslett.
Consumer debt accounts for a large percentage of a buyer’s credit score. While a late payment on any consumer debt will have a massive effect on a credit score, the type and the time since the last late payment also matter.
Avoid the Urge to Splurge: During the real estate business investment process, don’t go on any credit-driven retail splurges or buy any big-ticket items such as a car. Purchasing large items on credit before applying for a bond will reduce your chances of approval, as well as the amount that the bank is willing to give them. Even if you buy a big-ticket item with cash, it can raise flags with the lender. Large withdrawals from your account might require an explanation during the bond approval process.
Don’t Change Your Jobs: Lenders prefer applicants who have a steady, stable income and they take the length of employment into account. “Financial institutions like it if you have a stable employment record with at least six to twelve months or more in the same job with a regular income,” says Goslett.
“If you are considering a change in career and buying a new home, you should put one decision on the back burner for the time being. Either hold out on changing jobs or on buying the property.” While it is tempting to look for a property at the full limit of what the bank is willing to give, if it is not what you can comfortably afford, it is not a good idea.
The home loan repayment is not the only monthly fee that needs to be taken into account. Try to stay within a price bracket where you can comfortably manage the monthly bond payment and have something leftover. By looking at homes below your maximum limit, you will also be able to compete with other buyers in a multiple-offer situation.
Culled from Fin24 Website | Blunders to avoid when buying a home.
Ogun state property Investment Corporation is a statutory corporation with a focus on the development of residential, commercial and industrial real estate hubs and new cities in Nigeria. The Investment Corporation is a self-sustaining statutory corporation charged with the responsibility of driving focused economic growth through well-planned property development activities and investments.
As a result of Ogun state property investment corporation ability and robust balance sheet, the corporation has built a diverse portfolio of urban developments in both the residential and commercial sectors of Lagos and Ogun states. The property investment corporation has evolved a dedicated working alliance with a consortium of construction industry players. OPIC has been involved in commercial rental business with its twelve-floor commercial office tower, Abeokuta, OPIC House, Isheri and OPIC Plaza Ikeja within Ogun and Lagos environs.
Ogun state property Investment Corporation development pipeline of finished and upcoming developments vary across locations and are designed to meet international standards. The main objective of the Ogun state property investment corporation is to expand the frontiers of Ogun state through the creation of industrial and residential hubs that facilitate business growth and enhance the quality of life across the state, particularly its border towns.
Ogun State Property Investment Corporation Major Real Estates
Orange Valley Estate: This is the first premium gated estate in Ogun State, consisting of 66 units of 4-bedroom semi-detached duplexes and 20 units of 5-bedroom luxury villas (Phase 2).The 66 units of 4-bedroom semi-detached duplexes each have a serviced chalet and occupy a minimum area of 300sqm while the 5-bedroom villas will each have private swimming pools, home offices and serviced chalets.
Central services within the estate include a recreation centre with a swimming pool, gym and a squash court. Other estate services include a guaranteed power supply, potable water, and broadband data services (on request). The scenic and serene environment within Orange Valley is designed to make it suitable for the needs of senior-level executives and professionals with activities across the South-west region of Nigeria. Learn more
MTR Gardens: The real estate is designed to be an organic community located off the Lagos-Ibadan Expressway. The development is 10 minutes from the Alausa, Ikeja and 30 minutes from Murtala Mohammed International Airport. The development on completion will provide over 600 apartments consisting of 460 units of premium 3-bedroom apartments with BQ and 120 units of 2-bedroom apartments.
Central services within the estate will include a recreation facility with a communal supermarket, swimming pool, gym, basketball and tennis court. Other estate services include a guaranteed power supply, potable water, and security services. As part of the development of MTR Gardens, the Ogun State Government through OPIC is providing a 2.5km arterial road network to serve both the community and the larger River View/Isheri North communities around it. Learn more
New Makun City: Ogun state property Investment Corporation New Makun City is a master-planned greenfield development designed to create a new catalytic hub for residential, industrial and commercial activities along the Lagos-Ibadan Expressway. Located 49.5 km from Ikeja, Lagos and 62km from the Governor’s Office in Abeokuta, the 750-hectares development is designed to define new standards for the creation of large scale urban cities.
The city is being developed into 10 major districts which are
– 4 Residential Districts
– An African Themed Resort
– A Convention Centre, Mall & Budget Hotel
– A Nature Park
– 2- Commercial Districts
– A Heavy Manufacturing District. Learn more
OPIC Agbara/Igbesa Estate: The OPIC Agbara/Igbesa estates are named after its neighbouring villages and are one of the largest industrial hubs in sub-Saharan Africa. Located on the Lagos-Sokoto expressway, the 8000-hectare development is a fully integrated hub occupied by industrial, commercial and residential investors with large local and international industries.
There are over 100 continuously operating industries located within OPIC Agbara/Igbesa estates. In 2013, OPIC commenced rehabilitation of the estate which involved redistricting, development of new roads and new residential schemes – New Dawn Gardens and Terraces. Learn more
New Dawn Gardens & Terraces: The new dawn gardens and terraces is a mini residential community located at OPIC Agbara/Igbesa estate. The New Dawn Gardens & Terraces developments were developed within the OPIC Agbara/Igbesa estate to address the growing demands for modern residential accommodation within the industrial community.
The development consists of 45 units of 3 bedroom-detached bungalows and 52 units of 2-bedroom terrace bungalows finished and ready for occupation. Learn more
For more information about all the gun state property investment corporation real estate listed above, you can visit any of the investment corporation offices
OPIC Plaza Ikeja
Location: Mobolaji Bank Anthony Way, Ikeja, Lagos
OPIC Plaza Ikeja is a commercial plaza located directly beside the 4-star Sheraton Hotel and Towers on Mobolaji Bank Anthony Way, Lagos. The plaza is developed on 1.5 hectares of the 4.5 hectares of land owned by OPIC in the location and consist of 87 office suites and shops. OPIC is presently in the last stages of expanding and remodelling the plaza.
OPIC Headquarters & Towers
Location: OPIC Circle, Oke-Ilewo, Abeokuta
OPIC headquarters and towers are located within the OPIC open-plan, Oke-Ilewo, Abeokuta. The development consists of two high rise buildings:
A six-floor office building known as DIYA house, which serves as the Corporation’s headquarters. OPIC towers, A 12-storey multi-let building. The building provides flexible office spaces of various sizes.
OPIC House & Event Centre, Isheri
Location: Isheri. The event centre is a multi-floor open-plan structure available for commercial hire for the event.
The Ogun State housing corporation main function is the creation and providing affordable houses, commercial and industrial buildings for acquisition by members of the public. This function is subject to the Ogun State housing corporation’s availability of funds and ancillary resources. The corporation’s function can be interpreted to mean that it should make sure people in the State own their personal houses or at least have access to decent, safe and sanitary accommodation at a cost-effective and affordable cost with secure land tenure.
Ogun State housing corporation was established and formalized through the enactment of Ogun State Edict No 11 published in the Ogun State of Nigeria Gazette No 12 Volume 2 of 16th June 1977. The Corporation, therefore, became a corporate body with perpetual succession and a common seal with powers and functions within the ambit of the law governing her.
Ogun State Housing Corporation Main Functions in the State
– To help and educate people on processes of plan approval, estate management and maintenance.
– Helping in acquisition, development, construction and management of the residential, commercial and industrial estate.
– To design, construct and support the dwelling houses, commercial and industrial buildings.
– Provision and maintenance of roads, footways, bridges, drains, sewers and watercourses for or in connection with any housing estate, commercial or industrial estate, or building owned, constructed or managed by the Corporation.
– To acquire, construct, support, or repair any works, plant or apparatus necessary or desirable for the provision of electrical, water or sanitary for any housing estate, commercial or industrial estate or building owned, constructed or managed by the Corporation.
– Selling, letting or otherwise disposing of any land vested in the Corporation upon such condition as the Corporation thinks fit.
– Encouraging Public/Private Partnership for the development of the Corporation’s Estates.
– Streamlining development on our Estates e.g. phase development.
– Encouragement of Landlords/Resident Associations on our Estates to foster good and active community participation in the development of the various Estates.
List of Ogun State Housing Corporation Real Estates
In line with the mission of the Ogun State housing corporation to make sure the people of the state have access to decent, safe and sanitary housing accommodation at affordable cost with secure land tenure, we develop and support both commercial, Industrial and Residential Estates in all the parts of Ogun State; The real estates include:
– Ibara Housing Estate, Ibara Abeokuta
– Olokemeji Housing Estate, Abeokuta
– Ajebo Road Estate, Idi-Aba, Abeokuta
– Kemta Extension Housing Estate, Abeokuta
– Oke-Ata Housing Estate, Oke-Ata, Abeokuta
– Laderin Estate, Oke-Mosan, Abeokuta
– Kemta I&II Estates, Abeokuta.
– Lagos Road Housing Estate, Abeokuta-(Industrial/Residential)
– Odeda Estate, Odeda-(Industrial/residential)
– Ifo Estate, Ifo Ogun State
– Ilaro Estate, Ilaro/Ibese, Ogun State
– Ayetoro Estate, Ayetoro, Ogun State.
– Ado-Odo Estate, Ado-Odo, Ogun State-(industrial/Residential)
– Idiroko Estate, Ikolaje, Idiroko, Ogun State
– Idiroko Road Estate, Ota-(Industrial/Residential)
– Erinko Estate, Ijoko, Ota-(Residential/Industrial)
– Igbeba Estate, Igbeba, Ijebu Ode-Residential
– Ikangba Estate, Ikangba, Ijebu Ode-(Industrial/Residential)
– Itanrin Estate, Itanrin, Ijebu Ode-(Industrial/Residential)
– Ago-Iwoye Estate, Ago-Iwoye
– Ijebu-Igbo Estate, Ijebu-Igbo
– Sapade Estate, Sapade.
– Sagamu Estate, Sagamu-(industrial/Residential)
In terms of housing production and construction, the Ogun State housing corporation indulge in the following activities
Shell Stage Bungalows: The shell stage detached bungalows are built with the purpose of affording the buyer the opportunity of choosing what material he uses to finish the building to his/her taste, it is designed to allow buyers contribute to the finishing of the building, the bungalows are designed in 2, 3 &4 bedrooms and are built on a standard plot with enough room for expansion and parking.
Brick Bungalows: This project started during the tenure of Chief Olusegun Obasanjo as president of the country, the project is a federal government initiative to offer mass housing for Nigerians by building with materials that could be sourced locally to make housing affordable. The houses were built with interlocking bricks without the use of cement in joining the bricks together
Completed block bungalows: At the Corporations Idiroko Estate, Ikolaje, Idiroko, the corporation has completed 14 units of 2 bedroom detached bungalows for sales to members of the public, the project is situated in a conducive environment and with good space for future expansion. The houses were completed with necessary fittings for immediate access by anyone buying the houses, please visit the pre-application enquiries form.
Semi-detached Shell bungalows: The Corporation has 1bedroom semi-detached bungalows in her Ayetoro and Ago-Iwoye Estates, the project is now been put up for sales at shell stage level to any willing individual particular indigenes of the communities the project is located.
Building Construction is the process of adding structure to real property or construction of buildings which consist of common elements such as design, financial, estimating and legal considerations, projects of varying sizes may reach undesirable end results, such as structural collapse, cost overruns, and litigation. Building construction is procured privately or publicly utilizing various delivery methodologies, including cost estimating, hard bid, negotiated price, traditional, management contracting, construction management-at-risk, design and build and design-build bridging.
A building construction company is not a single entity and does not carry out one role, for they are large-scale multitasking agencies that join a plethora of human capital and machines. To assemble a building, home, or structure, a construction company must work in the most efficient way possible. Building Construction in developing countries like Nigeria has regulatory bodies that are set up to regulate and make sure that professionals within the construction industry operate in accordance with the law establishing them.
Various Building Construction Industry Regulatory Bodies in Nigeria
The building construction industry in Nigeria is a complex and highly competitive one with various professionals in different aspects. These professionals make sure of the successful execution of its many activities. These regulatory bodies are saddled with the responsibility of ensuring the effective control, coördination, organizing, directing, resource management and production of a building, and other constructional activities in the country.
Nigerian Institute of Town Planners (NITP)
The Town Planners are the leading planning body for spatial, sustainable, integrative and inclusive planning. The body develops long and short-term plans to use for the growth and revitalization of urban, suburban, and rural communities while helping local officials make decisions on social, economic, and environmental problems. The local governments use the majority of urban and regional planners, they often are referred to as a community, regional, or city planners.
Nigerian Institute of Town Planners Objectives
– The advancement of public awareness of the importance of the living and working environments and the necessity for their protection.
– The Advancement of Town Planning education, training, research and practice.
– The dissemination of Town Planning information through conferences, seminars, meetings, exhibitions and publications.
– The establishment and enforcement of a code of professional practice and conduct for town Planning practitioners in Nigeria.
– The protection of the practice of the profession and the welfare of those practising it.
– The acquisition and disposal of landed properties and other assets and the raising of funds where necessary, for carrying out the goals.
– The acceptance of any gift, endowment or bequest to or for the Institute and the carrying on of any trust attached to such gifts, endowment or bequest.
– The doing of all such other lawful things as may be associated with or maybe incidental or conducive to the furtherance of Town Planning in Nigeria. Visit the NITP
Nigerian Society of Engineers (NSE)
This is the umbrella organization for the Engineering Profession in the country. The regulatory body regulates the professional needs of its members through well-structured programmes and regular interactions among the different cadre of engineers in the country, enhancing high professional standards and ethical practices.
The Nigerian Society of Engineers is dedicated to providing quality service for enhancing professional competence and development of its members. The body also committed to focusing collaboration with, influencing and providing quality advice to the various arms of Government, Industry, Commerce, academia and the Society at large, for the purpose of uplifting the country. Meet the NSE
Nigerian Institution of Surveyors (NIS)
The NIS is one of the oldest organized bodies in Nigeria started in 1934 as the “Licensed Surveyors Association”. The current name – “The Nigerian Institution of Surveyors” was adopted at the Enugu conference in 1966. NIS is subject to and controlled by the Surveyors Registration Council of Nigeria (SURCON).
Nigerian Institution of Surveyors is the umbrella professional organisation for all Surveyors in Nigeria, whether in private practice, government or academia. The Institution has its set goals and aims clearly defined to its members. Activities include branch meetings, conferences and events. The council of the Institution is the highest decision-making body, subject only to the Annual General Meeting. Learn more
Nigerian Institute of Quantity Surveyors (NIQS)
This regulatory body was founded by a few qualified General Practice Chartered Surveyors who were trained mainly in the United Kingdom. NIESV was granted government recognition by the enactment of the Estate Surveyors and Valuers (Registration Act)” Decree No. 24 of 1975. The first Annual Conference of the institution was held at Ibadan in 1969.
The Nigerian Institute of Quantity Surveyors initially established out of the need to separate the cost and management functions of building and engineering projects from the design functions in other to make checks and balances in the system and the independence necessary for the efficiency, value for money, and effectiveness. This is the combination of understanding in the design process and the knowledge of the construction process which is a prerequisite for the competency and cost management. Read more
Nigerian Institute of Building (NIOB)
This building construction regulatory body has its origin in a similar body called the “Builder’s which was formed in 1834 by a several prominent Builder in London. The Builder’ Society later became the Institute of Building in the United Kingdom which later became The Chartered Institute of Building in 1980 and now The Institute for the Management of Construction.
The Nigerian Institute of Building is responsible for promoting the science and practice of building technology, maintenance, surveying, production/construction management, maintaining a high standard of competence and professional conduct as well as promoting and encouraging the advancement of technical and general knowledge in the building profession in Nigeria is the Nigerian Institute of Building. Some of the Nigerian Institute of Building objectives as set out in the Constitution of the Institute.
Nigeria Institute of Architects (NIA)
The Nigerian Institute of Architects an association of independent professional architects with the aims and goals of fostering friendship among members, cater for their welfare and show mutual support and coöperation among them. The idea for the formation of an independent professional architect’s organization in Nigeria was first conceived and motivated by three Nigerian architects while still pursuing their training in England in the early fifties.
The management of the affairs of the Institute is vested in an Executive Council which comprises of members elected at the Biennial General Meeting of the Institute or appointed. The Executive Council is headed by the President who takes the Chair at all its meetings and the General Assembly.
The Institute continues to coöperate with the governmental and non-governmental organization, universities, polytechnics, technical institutions and other institutions of learning, professional institutions and other bodies in promoting the dynamic role of the architect in the society and in advancing the aims and objectives of the Institute. Meet the architects
Nigerian Institution of Estate Surveyors and Valuers (NIESV)
The Nigerian Institution of Estate Surveyors and Valuers is empowered to regulate and control the practice of the profession of Estate Surveying and Valuation in the country. The Institution is affiliated to the International Real Estate Federation (FIABCI), Commonwealth Association of Surveying and Land Economy (CASLE), International Federation of Surveyors (FIG), Royal Institution of Chartered Surveyors (RICS), Association of Professional Bodies of Nigeria(APBN) AND The International Valuation Standards Council (IVSC).
The NIESV also empowered to secure and improve the technical knowledge which constitutes land economy including Valuation or Appraisal of Real Estate and such fixtures and fittings thereto including plant and machinery; Land Management and Development Investment and Town Planning and to ease the acquisition of such knowledge by working in close collaboration with Universities, Institutions of Higher Learning and other professional bodies. Meet the surveyors
The commercial real estate is solely a property used for business purposes and that is leased out to provide a workspace and not a living space which includes retailers of all kinds, office space, hotels, strip malls, restaurants and convenience stores. Commercial real estate business is referred to buildings or land intended to generate a profit, either from capital gain or rental income.
These commercial properties include office buildings, industrial property, medical centres, hotels, malls, retail stores, farmland, multifamily housing buildings, warehouses, and garages. In many states, residential property containing more than a number of units qualifies as a commercial property for borrowing and tax purposes. The commercial real estate is used in commerce while the industrial real estate is used for the manufacture and production of goods.
Most of these commercial real estate firm recommend their clients on how to best negotiate lease agreements that will attract and keep tenants, a useful service for property owners who need to strike a balance between maximizing rents and minimizing vacancies and tenant turnover.
These are some of the Top Commercial Real Estate Companies in Nigeria
Troloppe Property Service
This is a leading multi-disciplinary property services company, privately held and incorporated in Nigeria, providing bespoke solutions across a range of real estate services to owners, occupiers, and investors. Over the years the real estate company have expanded her services with a foundation based on core strengths, unrivalled local ability, extensive network and knowledge combined with strategic partnerships.
The commercial real estate company growth has been based on maintaining relationships with our clients across a broad range of industries. Their clients depend on the company’s ability to draw on years of experience in the local market, our professionals know their communities and the property market inside out and provide knowledgeable, creative solutions to all their client’s real estate needs. Learn more
Adrons Homes Property
This is one of the local real estate investors and property development company in Nigeria whose purpose is to help people realize their aspirations for the pride of ownership, comfort, security and wealth through the provision of excellent homes and the will to provide homes for all classes of society with focus on the neglected populace in respect to government housing programs.
The real estate broker core value is built on consistent quality services to clients and subscribers; develop our talents and make a high-quality standard; make decisions and help grow the business; and unity in purpose and sharing ideas to meet a common goal.
Adrons homes property is one of the local real estate investors and property development company in Nigeria whose purpose is to help people realize their aspirations for the pride of ownership, comfort, security and wealth through the provision of excellent homes and the will to provide homes for all classes of society with focus on the neglected populace in respect to government housing programs.
The real estate broker core value is built on consistent quality services to clients and subscribers; develop our talents and make a high-quality standard; make decisions and help grow the business; and unity in purpose and sharing ideas to meet a common goal. The property development company is daily driven to keep her promise, increase their land bank, expand their client base by offering excellent services and affordable housing products with a singular mission to exceed expectations. Learn more
A leading real estate property centre platform in Nigeria. with a web-based platform for property retails and sales. The real estate investment properties company provide the user with the best property search experience both online and offline by connecting them with legitimate and verified real estate agents.
In the Nigeria property market with over 60,000 property listing which includes both public and private properties like homes, houses, lands, shops, office spaces and other commercial properties, small and large-scale real estate companies in Nigeria who wish to scale up the sales and rentals of their properties can partner with PropertyPro.ng.
Landmark Corporate Liability Limited
This company engages in real estate development, brokerage and management by offering good and flexible payment plans for all our product and services. Landmark Corporate Realty Ltd ® is one of the largest independent property management companies in the marketplace, providing the most advanced property solutions for all types of investors.
The strength of the company as one of the real estate investment firms in Nigeria stems from the over-riding commitment to work in partnership with its clients. The company has a proven track record will make sure you receive value for money in the services they provide. Landmark Corporate Realty Ltd ® handle all services with a very high level of professionalism as client satisfaction is our topmost priority and at no extra cost or hidden charges. Learn more
Sterling Homes Ltd
This is a real estate development and management firm incorporated and registered as a limited liability company in Nigeria. It commenced business shortly after incorporation and has its office at Plot 2, River Valley Estate, Ojodu Berger, Lagos. The real estate company is managed by professionals with several years of training and experience both in Nigeria and abroad. It is currently handling a number of estate development projects.
The commercial real estate company has the vision to be one of the best top ten home providers for people and corporate bodies in Nigeria. To be the best shelter provider with the passion to consistently provide fulfilment at no extra cost thereby providing the top value to its customers, and clients will see the company emerging as the preferred property provider over the coming years. Learn more
Propertymart Real Estate Investment Limited
This is a distinct and separate field of property management. Developing a property needs a whole separate set of administrative and management skills involving labour, material and project management. It requires developing building plans, getting them approved by the concerned authorities, and then hiring and managing different work teams to get the project underway. It involves everything until the final completion of the project and handover to the owners from the building contractors.
The commercial real estate firm experience in property development, Propertymart is now active in development consultancy they are quickly gaining the reputation that our business has already established in the other aspects of real estate. Propertymart has hired some of the best professionals in this area and is offering our services to aspiring clients on a short-term, long-term or makeshift basis, as the situation merits and according to the wishes of the client or partner. Learn more
Realty Point Limited
A dynamic multifaceted Pan-African real estate going concern primarily involved on the supply side of the industry with a strong presence in real estate development, investment, publishing, training/consultancy, and marketing syndication. Realty point limited working on six (6) middle-lower class housing estate estimated at over N10billion on completion – Prime Estates (Ofada Phases 1 & 2, Pakuro A & B, Igbesa and “Abuja”).
The real estate company investment product brand is Roseberry Estate with the first in Agbara/Alapoti, Ado-Odo Ota LGA of Ogun State. Also in our product profile are The Harbour Estate, Mayfair Lekki and Cedar Homes with the first in JAHI, part of the FCT. The commercial real estate firm get involved with other projects as Strategic Partners in Marketing and/or real development.
Buying a new house is the most common dream in everyone’s life and it is kind of a huge step. So, for this reason, you should take your decision very carefully and smartly. Because even a small mistake and ignorance will make you lose a huge cost. Buying a house is involved in a massive financial investment. Therefore always make sure to avoid the following mistakes that can harm or halt your investment. Here are some of the common mistakes that you should avoid while buying a home.
Otherwise, it will cost you a lot and shatter your dreams of buying a new home
Make Sure to Visit Number of Properties
If you are buying a home for the first time, you may not have a full idea of what you are looking for. So, until your mortgage is sorted to start house-hunting. Because, even before your mortgage is approved, spending more time to view as many properties as possible, will allow you to figure out what you’re willing to do without, what you like, and what the absolute deal-breakers are. Even if your wishlist is lengthy, seeing what’s out there is really the only way to sort out what goes on your list of “has to have” and your list of “can do without.”
Leave the Valuation Until Last
In most of the cases, the valuation will last for about two months only. So, keeping this in mind, ignore this step as late as possible. So, that you are will get covered in the event of contractual delays still. When you are entering the market, you can save every cent and it will go a long way. Furthermore, this leaving the valuation until the last minute will help you avoid paying for a second one.
Don’t be in Hurry When Buying a Home
It is a common and easy thing that you may fall in love with a property and sometimes you may want it at any cost. But you have to stay within your budget even if it is your dream property. Once the bidding starts you should not make your first bid at or above the asking price.
Sometimes, this may result in making your bidding end up as the final price. Furthermore, when buying a home it is also important that getting the property surveyed. Because your dream home looks so beautiful at first glance, later it could show up quickly and will become a nightmare if issues such as flooding, damp, or poor structural design.
Sometimes this can end up being a long-term problem for you people. Opting a home in a locality that has the problems, such as electricity shortage, water crisis or lack of infrastructure is not at all good choice. So to avoid this kind of scenarios you should ask an independent structural surveyor for assessing the property in order to ensure your dream house doesn’t fall apart in the future.
Sort out Your Mortgage Protection/Life Insurance
It is an important step to sort out your Life Insurance, previous House Insurance Ireland and/or Mortgage Protection. In most of the cases, your mortgage provider will ask you for some form of cover before granting approval. Otherwise, if you are having life insurance or mortgage protection which makes sense that your spouse/family won’t be left with anything or having to pay off the mortgage on their own.
Furthermore, the various factors can affect your life insurance and Home Insurance Ireland premiums. However, if the worst happens, then having life insurance or mortgage protection in place will help your family to protect themselves and ensure they keep the roof over their heads.
Do not Purchase a Home without Reading the Agreement
If you signed an agreement without reading it you are the reason for making yourself vulnerable to fraud or forgery. If you signed the agreement without knowing about consequences of the property you might not have the right to ask the seller for requisite clearances in the future. So, better you choose a lawyer who can read through the document thoroughly and watch out for any loopholes.
Don’t Forget to Discuss the Fixed and Variable Costs when Buying a Home
Nowadays, several builders are slashing property prices and increasing the maintenance and other charges quietly. So, this is the reason, the buyer should discuss all the expenses that incur while buying a home itself in advance.
If you have managed to avoid all these mistakes then you can get your home with utmost security. However, it’s important to make sure you have adequate home insurance or house insurance cover in place even if you have found your dream home.
Purchase of land or developed property in Nigeria is one of the dreams of citizens. It can be a very exciting and very scary prospect at the same time because, in Nigeria, there is always the risk of fraud. Therefore, this guide is meant to explain the process everyone who is interested in buying property should follow in order to ensure that it is done safely and properly. Purchase of a property is a big step involving a substantial long-term financial commitment, so think hard about what you can afford. Also, if you intend to live in the property, then you need to be sure that it is in a location you are happy at and can be for a very long time. Once you decide on a budget and location, then you are good to go and you can move on to the next step.
When you find a property you are interested in, you should always make sure that the individual you are dealing with is the owner of the land or the landed property or someone who has the valid authority to sell the property. Many time when dealing with property in Nigeria, you hear of fraudulent individuals who try to sell the property which they do not own to unsuspecting buyers. If you are considering to purchase a property in Nigeria or already in the middle of a property transaction you need to follow some professional advice in this article.
Most people who purchase land in Lagos and elsewhere don’t really understand the meaning of the Real Estate terms involve in land and landed property. As a potential buyer wishing to buy a land or build a new house you must be conversant with a few of these figures. The first hurdle is to understand the system of Land measurement in Nigeria. In Nigeria today, Land is measured in Hectares, Acres, Meters and Feet. These measurements are affected by factors, which include development pattern, human and environmental factors.
Let’s start by asking what is the size of a standard plot in Nigeria?
According to the dictionary meaning of a plot: A plot is a marked out piece of Land for the purpose of building or farming. The word ‘plot’ is an arbitrary term used to describe a land division carved out for property development.
The size of a plot can vary for different reasons but according to Nigeria’s land division, the appropriate plot for house construction is 50 x 100ft which can accommodate a standard house with a small compound. To better understand land divisions used in Nigeria, different units of area are used as follows:
A hectare is one of the least known metric units and one which potential buyers and Estate developers seem to struggle with: It is a land measuring:
- 100m x 100m OR
- 328ft x 328ft OR
- 10,000 sqm OR
- Two and a half acres OR
- 15 plots.
An Acre is a standard unit of measurement used by Land sellers and it is almost equivalent to the size of a standard football field. An Acre is a product of any rectangular plot of land giving a total of:
- 4,046sqm OR
- 43,560 sq ft OR
- 6 plots (each measuring 60ft x 120ft)
In Lagos State, the standard size of a plot is 60ft x 120ft (18m x 36m i.e. 648 sqm), while in some other cities of the country, plots are measured in 50ft x 100ft.
How to Understand Land Title and Document
A Survey plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of that land. The people that handle survey issues are Surveyors and they are regulated by the office of the Surveyor-general in Lagos as it relates to survey issues in Lagos. A survey plan must contain the following information:
- The name of the owner of the land surveyed
- The Address or description of the land surveyed
- The size of the land surveyed
- The drawn-out portion of the land survey and mapped out on the survey plan document
- The beacon numbers
- The surveyor who drew up the survey plan and the date it was drawn up
- A stamp showing the land is either free from Government acquisition or not
According to Land Use Decree on the 28th of March, 1978 that vested all lands in every state of the Federation under the control of the State Governors. The Land Use Act coupled with other laws made it possible for the Governor who was now the owner of all lands in the state to actually have the power to Acquire more lands compulsorily for its own public purpose to provide amenities for the greater good of the citizens.
Fortunately, the government recognizes that indigenes of different sections of the country have a right to existence, a right to the land of their birth. Hence, it is customary for the state government to cede a portion of land to the original owners (natives) of each area. An Excision means basically taking apart from a whole and that part that has been excised will be recorded and documented in the official government gazette of that state.
Deed of Assignment
A Deed of Assignment is an Agreement between the Seller of a Land or Property and a Buyer of that Land or property showing evidence that the Seller has transferred all his rights, his title, his interest and ownership of that land to that the Seller that has just bought land.
The Deed of Assignment has been exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded Deed of Assignment come in the form of either a Governorâ Consent or Registered Conveyance.
Certificate of Occupancy
A Certificate of Occupancy (CofO) issued by the Lagos State Government officially leases Lagos land to you, the applicant, for 99 yrs. As already indicated above, all lands belong to the Government.
A C of O, however, is the officially recognized Document for demonstrating Right to a Land. What happens after 99 years? That question is still subject of debate among experts. Most have adopted a wait-and-see attitude. Others postulate that as the new owner of the land, you the buyer can renew the certificate of occupancy when it expires. That makes sense, but for now, is largely a case of we shall see. Understand this write-up, please. It will help you as a realtor.
Documents Require for the Processing of CofO
In a state like Lagos for example, you need the following documents
- Survey plan duly signed by a registered surveyor
- Evidence of record copy submission
- Deed of assignment
- Land information
- Four passports. These are to be taken to ministry of lands at Alausa
A Gazette is an Official record book where all special government details are spelt out, detailed and recorded
A gazette will show the communities or villages that have been granted excision and the number of acres or hectares of land that the government has given to them. It is within those excised acres or hectares that the traditional family is entitled to sell its lands to the public and not anything outside those hectares of land given or excised to them.
A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant title to the Villagers. A community owning a gazette can only sell lands to an individual within those lands that have been excised to them and the community or family head of that land has the right to sign your documents for you if you purchase lands within those excised acres or hectares of land.
You can demand a copy of gazette if any. Do not buy land without the advice of a registered surveyor. The community might not even have the copy of gazette or might have misplaced it. All gazetted land are recorded in SG’s office. Some land might be free from Govt acquisition and not yet gazetted. A good and qualified surveyor will guide you. You need to engage the service of a registered surveyor. He will visit the proposed site, pick coordinates and take the coordinates to the office of Surveyor General of the state to determine the status of the site.
Credit: Surveyor Adebayo Olusola Nojeem (WhatsApp +234 803 359 4687, Facebook)
The Ogun State Property and Investments Corporation (OPIC) in conjunction with the Gateway Mortgage Bank (GMB) has launched a home financing products for the state civil servant to unlock the mortgage market opportunities for homeownership through a fresh bouquet of home finance plans, specially designed to suit aspiring homeowners in the State.
The gateway mortgage bank is a financial institution owned by the Ogun State Government established and licensed by Central Bank of Nigeria (CBN) in 2005 and commenced Mortgage business in February 2006. The Bank was subsequently accredited by Federal Mortgage Bank of Nigeria (FMBN) to access National Housing Fund loan. It was established to be a major financial institution to the Government of Ogun State Government.
Ogun State Property and Investments Corporation managing director, Mr Babajide Odusolu disclosed this in Abeokuta, at a press briefing, on the activities of OPIC in the state. According to the Managing Director, the financial plans was designed to enable the salary earners and business owners, particularly those in the organised sectors in the state that could not afford the outright purchase, to buy houses with ease.
Advantages of the Home Financing Products for Salary Earners
The Ogun State Property and Investments Corporation (OPIC) Managing Director explained that the home financing plans were in 3 segments; the OPIC Advantage, OPIC Advantage Plus and Ten to Twenty-year Mortgage Plans, adding that it was designed to encourage long term savings and easing acquisition.
All the 3 Home Financing Plans require immediate equity deposit of 30 per cent of the cost of the house, while payment of the 70 per cent balance is staggered within the stipulated period. The housing units are delivered within 90 days. The OPIC Advantage allows 12 months staggered payment, OPIC Advantage Plus allows up to five years, the Mortgage Plan allows up to 10 to 20 years’’, Odusolu stated.
He further explained that all profiled applicants must comply with mortgage processing rules, as the plans have zero tolerance for default, encouraging aspiring owners to approach any branch of OPIC and GMB, saying, they could access the houses at New Makun City, Sagamu, MTR Gardens, Isheri and the newly introduced Acacia Grove in Magboro.
Home ownership is a form of housing tenure where an individual owns the home in which he/she lives. The home can be house, apartment, condominium, or a housing cooperative. In addition to providing housing, owner occupancy also functions as a real estate investment. Owing a house is usually most expensive single purchase an individual or family makes, and often costs several times the annual household income.
Given the high cost, most individuals do not have enough savings on hand to pay the entire amount outright. In developed countries like the United State of America, mortgage loans are available from financial institutions in return for the interest of the homeowner fails to meet the agreed repayment schedule, a foreclosure (known as a repossession in some countries) which may result.
This article will briefly review, and discuss the benefits and challenges of Home Ownership
Home Ownership is an Asset
An asset is a resource with economic value that an individual or a corporation owns and controls with the expectation that it will provide a future benefit. A house is an asset when it is own an individual but a liability when it is mortgaged. A house can also become an asset by running a personal franchise or a home business in it, generating some income improving your personal cash flow
For most people, the house represents the single, biggest, financial asset. Therefore, it doesn’t make sense, to proceed with wisdom, judgment, and quality planning and preparation. Still many believe and invest in their home as their main asset. Remember this, using your home to run a profitable personal franchise allows you to leverage your “anyway time”. your current assets such as computers, living room, and other resources to make money from them rather then spend money on them. Read more
Pride of Ownership
Owing a house and maintaining it will surely give you a sense of accomplishment and pride of ownership. The homeowner has no landlord or rent payments which can increase every year. The buyer can maintain his home according to his/her wishes, enjoy pet ownership if desired, and relax in his/her own yard. The homeowner has sought relief from high rents by home ownership. However, the homeowner will be responsible for property taxes and monthly mortgage payments.
Sometimes, when you rent a house, it seems you are pursuing a temporary situation, but once, you acquire our own place, it often, represents, a sense of a permanent status, and achievement. Most people have the need, to satisfy, both, their logical needs, as well as emotional ones.
Owning a home doesn’t help you to only achieve a sense of pride an accomplishment, it’s also a status symbol that you can use to your advantage. Here are 4 reasons to remind yourself why homeownership is the ultimate boss move. t. There’s no doubt your friends and family will be in awe of your hosting skills, they may even back off a little about finding your perfect partner, which brings us to the next point.
Owning a House versus Renting
You have to live somewhere, so why does it mean, so much, to so many people to own their house, rather than rent one? Perhaps, it says, you are succeeding, in some way. Maybe, it represents a new phase, in your lives, and doing something for the future. When it comes to buying a house vs. renting a house, there is always a passionate debate about which makes the most financial sense. Both sides have valid points, so it can be a bit confusing.
A common argument for buying a house is, ‘Why would you pay monthly rent to a landlord instead of building equity in a home for yourself?. In reality, there are many financial reasons why renting may be more compelling in developed countries. You also need to make sure you understand whether you are even in a good position to buy a house. Your finances are not your only consideration either.
You cannot look at home ownership without considering the financial ramifications, planning, and preparation. There is a need for commitment, and personal vision, to prepare to purchase a home or build one, plus a degree of wisdom, and judgment, to make the best possible, personal decision. Often, the difference between being a happy homeowner, and a stressed one, is, reducing unnecessary stresses and tensions, by learning, discovering, considering, and planning, properly, to proceed, in the wisest personal manner.
To own a house in the developed countries, it is very important to consider how such a purchase will affect your finances and your lifestyle. It makes sense to review all of the advantages and disadvantages of becoming a homeowner before making this big commitment. Buying a house is a major financial move, you need to wise and think deeply at the positive and negative ascpets of it involves.
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