JOE NIGERIA REAL ESTATE BLOG FOR SMART INVESTORS

  Introduction You probably clicked on this link because you’re interested in owning a home. Maybe now or somewhere down the line but everyone wants a home, we all want to get the burden of annual or monthly rent off our bill and realise our homeownership dreams. Well, except you come upon a huge cash windfall, earn more than the average income-earner or you’re an uber-successful businessperson, you need to plan extensively and weigh all your options before embarking on a housing project. Funding a home is no easy feat and most individuals require debt instruments to execute such projects in good time. The most common instrument among these is Mortgage which guarantees the borrower a sum of money to make the real estate purchase and the debt is serviced over a while. In return, the property is pledged to the lender who is reserved the right to foreclose the asset in the event of a failure of the borrower to fulfil the contractual agreement. Notwithstanding this point, which...

  Introduction Buildingcollapse has become a common occurrence in different parts of the country leading to loss of lives and properties worth millions. According to a Lagos state inquiry, there were at least 135 cases of collapsed buildings between 2007 and 2013. It has also been observed that most of the buildings that collapse are multi-storey structures. The building doesn’t just collapse, there are always warning signs; however, most property owners and tenants tend to ignore these signs. Large Cracks on the Wall   Thermal movement is one of the major causes of cracks that are seen on the walls of buildings. If overlooked, it could eventually lead to the collapse of the building. Cracks on the wall of a building is a natural sign that shows the structure cannot sustain the movement or load it is subjected to. When cracks appear in the walls of a building, it is either a structural crack or a non-structural crack. Creaking Sounds   Creaking sounds occ...

Purchasing an air conditioner may not be what you can tick off your To-Do list right now, but if you find your house uncomfortable as a result of the heat, there are creative ways to make it even more conducive without air conditioning. Buy a Box Fan   Box fans are often placed in or near the windows, it helps to draw in cool air from outside or pull warm air out of a room depending on how they are placed. If the blades face the window screen, the fan helps pull hot air out of the room, flipped the other way, it draws in air from outdoors. It saves energy and is also an affordable alternative to air conditioning. For your kitchen and/or bathroom, fix an exhaust fan that will pull the hot air that rises after you cook or in your bathroom to draw out steam after showering. Close your Curtains and Blinds  Heat finds its way into the house through windows, to lower the indoor temperature, close your curtains and blinds. It is advised to use dark curtains and blinds, and...

The real estate industry has many factors that are very crucial and serve as determining factors in deciding whether to go for a property or not. One of those important factors is Location . If you are familiar with the real estate industry, you would attest to the fact that location is a factor not to be toyed with when making an investment.  Why is Location Important in Real Estate?   So many things can be changed in a property, be it aesthetics, architectural design, interior designs and so on. But one thing that cannot be changed is its location. And this is why you have to consider every information about the location of any property you want to purchase, regardless of what the use might be. There are different things about the location that guides their renting or buying decision.  Location determines if the area is accessible or not. People do not want to live in an area where it is hard to get to other parts of town or cannot easily access basic place...

Introduction When one decides to start in real estate, their family and friends are typically ready to support them in their new venture by connecting with the new agent to help buy or sell. But, how does a new agent connect with locals in their area beyond friends and family? How does a new real estate agent claim aterritory ? Create New Content                                                                                                        “Been there, done that.” Many agents approach new business ideas with th...

  Introduction From the commercial city of Lagos to the political capital of Abuja, several companies and individuals alike undertake real estate businesses, whereas many buy real estate property for personal use and as an inheritance for family members.  The real estate business in Nigeria has become a job opener for young individuals willing and able to engage in aggressive and result-oriented marketing, this is a major component of the real estate business in the country. Some Factors Involved in Real Estate Investment in Nigeria Relevant Laws Guiding Real Estate Transactions There are several laws that guide/regulate real estate dealings in Nigeria. Real Estate in Nigeria is regulated by federal statutes which include the land Use Act of 1978 and land use laws of various states of the federation.  The land use Act of 1978 is the principal law that was enacted to regulate real estate ownership in Nigeria. By the provision of this act, the power to control a...

  If you’re in the process of shopping for a home, you likely want to know how to make your offer stand out from the crowd. Today, I’ve decided to go over four components that you can use to your advantage when putting together a strong offer. Read on below to learn how to put together an offer that will undoubtedly capture the sellers’ attention. Offer Price                                                                                                                             This is the one component of an offer that everyone knows about, even if they’ve never been through the pr0cess before. However, as the buyer, it might be less of a big deal than many people ma...