Simple Guide For Buying Properties in Abuja
goldandlandsadmin September 26, 2022 No Comments
Buying landed properties especially when considering long term investment in Abuja Nigeria come with lot of knowing what is important, and not the choice of being right.
Most especially if you have no ideas about real estate business, this mean you could either use a professional like us when you consider to buy property now that you are reading this article. But if you consider the do it yourself format, it is even more rigorous to consider how to start and who to contact.
Nevertheless, if this is your first time research to purchase property, don’t be perturb! I am available to put your through the rigorous task making it much simpler than you could consider.
When buying property what usually comes to the mind of a buyer is their Budget.
Most Question Buyers Usually Asked When Budgeting For Property?
Can this budget give me a good Property in Abuja?
Do I just have to save a huge amount of money to achieve this?
How much should I save to get a land, or a new house in Abuja?
Are there Real Estate Company that accept twice or thrice payment plan in Abuja?
The questions goes on and on…
Most of this questions would usually cloud the minds of most buyers. But what decisions you implement is what mater if the questions would be solve, or put you at in fidgeting state.
Funny enough you could achieve this in different methods even with half or not complete payment, and how do I know most buyers think this way even if I am not in their mind?
This is because I have my personal property too. I went through that state of thinking and imaginations before I finally got one.
However, now you know the Budget of what you want, or the money available how then do you tend go about it?
Would you consider Real estate consultant to get this property deliver to you? If yes use my contact us page.
This doesn’t mean you don’t know what you want, it simply means avoiding putting money in a wrong real estate property company who has no reputation, or track records.
It means taking bold steps, to follow someone who would give you good use of your investments.
In this article, I’ll give some helpful guide for choosing lands, homes or any property you’ll want, pertaining it has to do with Real Estate property search.
Guide for Buying Properties in Abuja
Searching for the perfect homes and land is a rigorous process that requires time and patience. There is a significant increase in real estate investment in Abuja, and sometimes buyers may not really make the right choice when it comes to you picking property’s based on what you consider by it physical appearance or location, only to realize that the home or land location doesn’t suit your daily activities and functions.
Abuja is the Federal Capital Territory (F.C.T) of Nigeria, created in the year 1976. The population is increasing rapidly with a lot of people migrating and investing in properties; regardless, you must choose the right property to avoid poor project and money losses. There is a better home and land for everyone based on budget which could be long or short term payment budget, and choosing the right property is what you as a buyer, or intending property buyer are pleased with is the main objective of every buyer.
So, What are the simple guide for buying properties in Abuja:
1. Location
Location play important factors when buying properties. That doesn’t mean if it is not closer to major roads such Property doesn’t worth buying. The right location is directly related to proximity and that is what a buyer want. It is the most important factor you must consider when choosing a property for yourself or as an agent dealing with clients. The proximity to your workplace, the kids’ school, friends, and family. You look into, these aspects. Are my family person, a bachelor, a single lady, and my personality. These are all factors that determine property satisfaction for buying. It would be best to consider these factors when buying property.
You must have in mind areas with excellent options for a family, as when looking at residential homes/lands with basic commercial needs, such as schools, places of worship, markets, recreational areas, joints, and good road networks, respectively.
Garki, Wuse, Kwuba and Jabi are also good areas for clients who want a mix of commercial and residential activities. There are also nice estates in Lifecamp, Gwarinpa, Lokogoma, and Apo. Suitable with clients that like serene and quiet environments.
2. Price
When buying property your primary focus should be the price. Most times it is advisable to buy from Real Estate companies except you want single lands not inside a real estate. This also means dealing with legal and legitimate Real Estate Consultant like us, so you don’t get price inflation for a property below the market value.
Choose properties according to your pockets. Every buyer experience satisfaction when living in a house worth the amount they paid, whether expensive or not. Some locations for expensive properties could be Maitama, Asokoro, and Garki are high-priced locations perfect for high-income earners.
Gwarinpa, Lugbe, Nyanya, App, and Durumi are perfect for low and average-income earners.
3. Purpose
What are the purpose for buying, or why do you want to buy the property is also few of the factors to consider as a property buyer. I fully understand before an individual would consider to buy a landed property of either home or land for investment purposes. Either for the purpose to build your own home, business or for the purpose of leasing. However, whatever reasonable purpose you have should compel you to make inquiries.
1. Is it for leisure?—- choose properties near fun places like Jabi and Wuse.
2. Is it an apartment for a family?—-choose options near their workplaces and children’s schools. For example, Jabi, Apo, Dawaki, Lugbe, Jahi, and Lifecamp are good locations with schools, churches, and many work offices.
3. Is it for Solitary and tranquility?—-avoid busy and crowded areas. For example, Dawaki is a developing area, so there is not much central life like in Wuse.
4. Is it for business?—-choose properties near busy areas. For example, Gwarinpa, Wuse, and Apo are areas with nearly all amenities, populated with both residential and commercial parts.
5. Is it for investment?—-choose properties that will appreciate over time. For example Asokoro, Central Business District Area 11, Jahi, Apo. Asokoro and Jahi are high-value locations with costly real estate. Apo is a developing location but with lots of government development taking place, indicating the future rise in prices.
6. Is it for luxury homes?—choose it in a high-end neighborhood. For example, Maitama, Asokoro, and Lifecamp. These are high-end neighborhoods with luxurious homes.
On a budget? —-Choose affordable homes. For example, Lokogoma, Jahi, Apo, Lugbe, and Dawaki. They are affordable locations perfect for clients on a budget.
4. Purchase (Earmarked Property)
In F.C.T Abuja, the government has earmarked most of these landed properties, if not almost all, available lands. This means there is a master plan for most locations. Earmarked lands always have a specific type of structure you are allowed to build on it, depending on the area.
Before the payment of a property as a buyer, always check for this; if it is earmarked? Be sure to follow the government planned design. Going against this could lead to investment losses. Most individuals and some small real estate business owners had been a victim going against this.
If you build a residential house on a commercial land, be rest assured the government may come for you in the future to rip of your hard earn money by demolition. It is better to be informed than to cry sorry for not doing due diligence before you buy a property.
5. Value
The value of properties must be kept in sight when choosing the right property as a buyer. Are there signs of the property depreciating in years to come, or will it appreciate in a short time period or a long time period?
Properties in locations like Apo have been evaluated to appreciate in years to come because the government has earmarked lots of places for development and infrastructure.
This is a good location for buyers that want properties in places that will appreciate/increase. High-valued properties such as those in locations such as Maitama, Asokoro, and Lifecamp are good locations if you can afford them. Lands that are prone to floods, bad roads, etc. should be avoided, and properties shouldn’t be bought in those places.
6. Security
Security is a much important factor to consider when choosing the right property for yourself and family. Properties located in areas known for unrest should not be considered and bought for any reasons. Properties pitched should be located in good neighborhoods with good security and no disturbance. There are several areas with good security in Abuja, such as Asokoro, Maitama, Jabi, etc. Abuja is generally a peaceful state.
In conclusion,
buyers should consider purchasing property’s that fit into some of the above guidelines. Make due research about the locations of the homes and the land available, whether it is appreciating, highly valued, busy, calm, depreciating, the drainage system, security, proximity to basic needs and amenities, good roads, e.t.c. The list goes on and on. It should be noted that any other locations not mentioned in this article doesn’t make it any less suitable for you.
