How to Easily Buy A House or Land in Abuja?
goldandlandsadmin October 13, 2022 No Comments
Abuja is one of the most developed and beautiful cities in Nigeria, and buying a house or another property in this city can be a great investment.
Buying a house in Abuja, the capital of Nigeria, can be cumbersome and tiring, especially if you are new to it and don’t know what to expect; it can be confusing. The house or land you need to buy largely depends on its purpose, whether for an investment, business or to live in.
Buying either land or already built house can be pretty simple if you do your research thoroughly before embarking on this journey. There are two legit ways you should procure properties in Abuja, either through a certified agent or a real estate agency.
Now the question drives down to you in need to get a new house or land, and you ready to buy one, then don’t take chance by ignoring this articles to enable you get it done with not time. However for better assistance you can contact Goldandlands customer service through our contact us page.
How Do You Buy A Home In Abuja?
There are a lot of factors to consider when purchasing your first home, in this article I’ll give you all the necessary information you need to know before deciding where you want to buy your first house in Abuja.
In Abuja lands are either privately or publicly owned by the government! You should find out the kind of property it is through the Abuja Geographic Information System. In this article, some factors and processes you must undergo to make this endeavor a successful one for you will be duly outlined.
Plan Your Budget and Finances
Before seeking out a realtor, contractor, or agent, it is in your best interest to determine how much you have to spend on this new property you intend to get. Going to different locations with a high price tag not in your price range, is a waste of time and other resources.
Knowing the initial price, you have to offer for a property narrows the offers you get to the necessary ones you need, making the process of choosing a bit faster.
There are other plans available if you don’t have enough money saved to purchase a house; mortgage financing or a loan can be good choices. Take note when taking out a loan, calculate your net monthly income. This is calculating your total income minus your monthly expenses, and you should also budget for unforeseen circumstances; the remaining money you have left should roughly be the amount you can pay back monthly when you take out a loan.
Outline Qualities You Need In the House
Before setting out to meet a real estate agency or a professional agent, listing the qualities you need helps narrow the offers you get and reduce trips to unnecessary locations. The qualities you need in a house should be based on the purpose of the property, whether it is for accommodation or business. The qualities may be proximity to your workplace, a busy or calm environment, good roads, and access to major places such as schools, markets, relaxation centers, etc. Outline the qualities you want and look for a befitting option.
Engage A professional (GoldAandLands Services)
Most mistakes people make when trying to get a property is engaging family members or friends in such matters, and this never seems to end well in most cases. It is always better to engage the services of a professional and competent Real Estate Agent to source genuine lands or property for you.
This method is strictly professional and simple; engaging family members or friends with little or no knowledge of real estate increases your chances of being scammed. You can carry them along in the process, but it is always better to include the services of a real estate agent.
Property Verification
Finalizing financial transactions without verifying and checking the house out is never advisable. You should always check the house out yourself and employ the services of a surveyor to check the actual size of the land, boundaries, and access, among other things.
Physically inspect the property; its environs and location, access and proximity to places you frequently go, roads, electricity, and security. To live comfortably and happily with the purchase you made, all this must be verified before you decide to go for the property. One extra factor to note when verifying is if the property and its location can offer the right qualities for the purpose you are getting it, whether for accommodation, investment, or business purposes.
Documents Verification
Document verification also prevents unnecessary problems in the future. Run the essential documents such as the Certificate of Occupancy and the Deeds of Assignment through the Abuja Geographic Information System. Generally, lands with a Certificate of Ownership are better than the ones without it, but if the land doesn’t come with a Certificate of Occupancy, you can apply for it at the AGIS.
All documents should be run through the AGIS (Abuja Geographic Information System) office to confirm its legality, to know if the land is genuine, and to know if there is any outstanding payment, like the ground rent. After the verification, payment can then be made to the seller.
Final Verification
After the land verification, document verification, and payment, the final verification is the transfer of ownership in the form of the Deeds of Assignment to your name. Then the last step to take is to perfect the title of the land with the government. This is to indicate that the land is officially yours. It also provides notice to anyone intending to get the property when they conduct a legal search at the AGIS.
You can also pay for the services of a property lawyer to draft all needed documents like the Deed of Assignment, Statutory Right of Occupancy, and Survey Plan.
In conclusion,
When trying to buy a house you should always carry it out in the right way to prevent falling into fraudulent hands or buying properties without legal documents. You should always ensure the individual selling the house is the direct owner of the property, regardless of how juicy the offer may be.
Contact a real estate agency or certified agent to get the best offers. Follow all the steps above to have a stress-free experience when buying a house in Abuja. Lastly, set aside an extra budget meant for payment for the house. It is best to leave out extra cash for your personal expenses, the new house expenses, and repairs if needed. Using all available cash to procure a property end up frustrating the buyer when other expenses or emergencies arise after procuring the property. Keeping residual cash is the best option to ensure a smooth and easy process.
