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5 Things to Consider When Buying Your First House

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Possessing a home is one of the dreams of every Nigerian. Not everyone has the time to build one for themselves, but luckily, it is possible to purchase one.

Buying a home saves the stress of supervising a new building project and guarantees the house is in the desired location.

If you are considering buying your first home in Nigeria, here are some things to consider;

1. Location

Look for a property in the area of your desire. This area should have easy access to areas you are likely to frequently access, such as your place of work, market, cinemas, shopping mall, etc.  

2. Purpose

The WHY of buying the house is also another important thing to consider. Do you intend to use it for commercial purposes such as office complex. Check the structure if it fits or assess it if it can be easily converted to suit the purpose.

3. Sourcing

Do you have the time to go hunting for the house of your choice? This can be done early in the morning by jogging in the neighbourhood. An alternative is contacting realtors in the areas. Read our things to consider before renting an apartment in Lagos to gain insight into how to handle house agents in Nigeria.

4. Pricing

What is your budget? Is the house worth the price it is listed for? You may employ a valuer to help ascertain the worth.

5. Age of the House

You may ignore this if you plan to demolish the house and erect another structure instead. But if you intend to make use of it as it is, it is important to know that older buildings may need more repairs and upgrades. 


Disclaimer

The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.

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