Top 5 Tips for First-Time Property Buyers in Nigeria
Buying your first home is a big deal! This guide helps you avoid common mistakes and make the right decisions when investing in real estate.
1. **Set a Budget:** Determine your financial capacity, including mortgage options and hidden costs like taxes and maintenance.
2. **Research Locations:** Focus on areas with growth potential, good infrastructure, and proximity to amenities.
3. **Verify Documents:** Always check the Certificate of Occupancy (C of O) and other title documents to avoid scams.
4. **Work with Professionals:** Engage a trusted real estate agent or lawyer to guide you through the process.
5. **Plan for the Future:** Consider resale value and long-term appreciation when choosing a property.
Where to Buy Affordable Building Materials in Nigeria
We list trusted suppliers across Nigeria and what to look for when sourcing materials.
Key suppliers include:
- **Lagos:** Alaba International Market for cement and steel.
- **Port Harcourt:** Mile 3 Market for tiles and roofing materials.
- **Abuja:** Dei-Dei Building Materials Market for bulk purchases.
Always compare prices, check material quality, and negotiate bulk discounts to save costs.
How to Verify Land Documents Before You Buy
Land scams are common. Learn how to verify C of O and avoid fraud in your transactions.
Steps to verify land documents:
- Visit the land registry to confirm the C of O.
- Check for encumbrances or disputes on the property.
- Hire a surveyor to verify the land’s boundaries.
- Consult a lawyer to review all documents.
Avoid paying until all checks are complete to protect your investment.
The Pros and Cons of Buying Off-Plan Property
Is off-plan right for you? Discover the advantages and what to watch out for.
**Pros:**
- Lower initial costs compared to completed properties.
- Flexible payment plans offered by developers.
**Cons:**
- Risk of project delays or abandonment.
- Uncertainty about final quality.
Research the developer’s track record before committing.
Best Cities in Nigeria to Invest in Real Estate (2025)
From Lagos to Uyo, explore the top places for ROI on property investments this year.
Top cities include:
- **Lagos:** High demand and appreciation in areas like Lekki.
- **Abuja:** Stable market for luxury and commercial properties.
- **Uyo:** Emerging market with affordable land prices.
Consider infrastructure and economic growth when choosing a city.