In Africa, Nigeria is one of the countries with the largest economy and has a high population. Many people flock to Nigeria because of holidays, for business and the country is rich in oil. Housing is very expensive as it is not sufficient in most of the cosmopolitan cities. It is tough to get accommodation that is near to the read and has cultural amenities near it. Due to low disposable funds and scarcity one may wish to get affordable housing in a secure location. The following are factors to put into consideration before renting or purchasing a house in Nigeria.
A good environment is a crucial factor to consider. Get to view and assess the situation before you decide to buy the property so as to be aware of the place. You may evaluate the drainage system, proximity to your workplace, Electricity supply, car park, schools or church.
Considering the relative and economic costs of the property is important.Hiring a house in Lagos might present better chances for business networking and career progression than in smaller cities like Asaba, in Delta state. It is regularly necessary to draw up reconciliation in costs and anticipated benefits. Hence, thorough research and comparative analysis are extremely recommended, prior settling for any appropriate property.
In every country, there are normally places that do not have enough security, and Nigeria is no difference to this fact. Even in Lagos, for example, some areas are more livable than the other.
Hence, it is vital to think of the security of place you desire to rent or buy or property. The following are the necessary security parameters to note are;
• Closeness to a Police station/security post.
• The proximity of the property to other houses in the same place.
• Consider the number of other inhabitants.
• It is not desirable to live in separated environments/areas, particularly if you are new in the area.
Purchase/Tenancy Agreement or Contract:
Ensure to strike a beneficial deal. You may want to quickly reach a lawyer to assist you to prepare all needed legal documents.
You require having some paperwork correctly done you do not need to be in a hurry to pay. Regularly make sure the terms fall in your favor. This is because, in the end, it is all about what you need, and not whatever the other party wants.