Factors to consider when searching for a property in Lagos

Factors to consider when searching for a property in Lagos

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Factors to consider when searching for a property in Lagos

Regardless of whether you are searching for an apartment for rent, a house for sale, an office space or any other kind of property, you can find it in Lagos. As we know, searching for a property in Lagos isn’t just about financial commitment but it is also time-consuming. There’s a lot to deal with in a city like Lagos. From Lagos traffic, the constant hustle and bustle that comes with the city and much more.

Lagos is the most populous city in Nigeria with a population of over 10 million people from different parts of the country, continent and the world. The stress of getting apartments for rent/sale in Nigeria is partly expected. The time it will take to get the ideal property is not stipulated. It could days, weeks even run into months.

This doesn’t mean you can’t get an apartment when you search, it just might take longer than usual. However, the following are some of the factors to consider when searching for a property in Lagos because getting one is enough stress and you don’t want to repeat the process all again.

Budget

Having a budget is the first things to do before setting out to search for a property in Lagos. When planning your budget, it is essential to put everything into consideration and stick to what you can afford. The only way you can make a good budget is after deciding what you are willing to spend on the property in question.

Remember this is Lagos, which is divided into Lagos mainland and Lagos Island. The prices of properties for sale or rent on the mainland is quite different from that of the Island. You don’t want to work the whole of Lekki with a budget for Surulere. This, therefore, means that the location you choose determines your budget bracket.

Location

The location of the property is also another factor to consider \when searching for property for rent in Lagos. It is unwise to set out for house hunting in Lagos without having a location in mind. You obviously don’t want to go street by street and area by area for an apartment in Lagos. You will be fed up with a day or two doing such. When you have a particular location in mind, you can now narrow down on your choices. This is why it is called ‘house hunting’; a hunter is always precise. The other thing about location is that it helps you to consider other factors like proximity to work, market and other places you like to visit. You want to know how close the area is to your workplace, is it close the market? This are questions you probably want to answer before deciding on a particular location.

Security/ Social Amenities

When looking for a property in Lagos, it can be exhausting and financially burdensome. When you finally get one, you are eager to make payments because of the stress you have been through. In the process, you forget to check how secure the property and the environment is. You won’t want to rent a house and at the end of the day, not being able to sleep at night because of gunshots or other cause of unrest. This is why security is another important factor. It is important you carry out proper research on the area to know if it is a safe place or not. You can also ask people living in the area. You can visit the place during the day and at night, to compare for yourself. Another concern when it comes to security is during the inspection. You should observe the windows and doors for any sign of burglary. It might be a targeted spot for thieves and the reason the previous occupant left.

 

House hunting in Lagos can be a headache and a do-over is definitely something you want to avoid. The thing about repeating the process is not just about the stress, it also means you will be spending additional unplanned costs. It is, therefore, you get it right and get it right at first attempt. It is important you consider the availability of social amenities as a factor when searching for a property in Lagos. Does the area have the required social amenities like good roads, water, electricity, health care facilities etc? You won’t want to live in a place why you will have to park your car 4-5 streets away because there are no good roads leading to your house

Pick The Right Structure

This is definitely one of the factors to consider when searching for a property in Lagos. It is not enough to have a location and budget in mind. You must have a particular idea of your dream house or property. So you definitely want to ensure the type of structure you want are available before setting out to a particular area. You can find out by asking friends or close relatives. You can also save yourself the stress and go online to search real estate platforms like PropertyPro.ng with lots of listed properties.

The above are some of the important factors to consider when searching for a property in Lagos. You might also need all the luck you can get. So, good luck in your search.

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