{"id":3537,"date":"2021-02-08T14:57:29","date_gmt":"2021-02-08T14:57:29","guid":{"rendered":"https:\/\/housematesnaija.com\/7-things-to-avoid-when-buying-a-property-in-nigeria\/"},"modified":"2021-02-08T14:57:29","modified_gmt":"2021-02-08T14:57:29","slug":"7-things-to-avoid-when-buying-a-property-in-nigeria","status":"publish","type":"post","link":"https:\/\/housematesnaija.com\/7-things-to-avoid-when-buying-a-property-in-nigeria\/","title":{"rendered":"7 things To Avoid When Buying A Property in Nigeria"},"content":{"rendered":"<p><iframe loading=\"lazy\"  width=\"580\" height=\"385\" src=\"https:\/\/www.youtube.com\/embed\/vzcElK9enuU?modestbranding=1\" frameborder=\"0\" allowfullscreen><\/iframe><br \/>\n<br \/>Everyone knows buying a property in Nigeria is very risky, but accommodation is a basic need, these are 7 things you should avoid whenever you&#8217;re buying a property. <\/p>\n<p>.<br \/>\n#1 &#8211; Never buy a property without verification<br \/>\nEnsure you verify before paying for a property, regardless of your relationship with who you&#8217;re buying from, this would avoid getting scammed and you buying government acquired lands in Nigeria. <\/p>\n<p>.<br \/>\n#2 &#8211; Never buy a property without collecting ownership documents <\/p>\n<p>It&#8217;s a terrible idea to pay for a land or house and you don&#8217;t have any document to prove ownership has been transferred to you. These documents can be in form of Deed of Assignment, Survey etc. <\/p>\n<p>.<br \/>\n#3 &#8211; Don&#8217;t buy a property and then abandon it <\/p>\n<p>Most Nigerians who buy land just leave it without developing it, some don&#8217;t even know the plot where their land is located. Never abandon a property, even if you plan to buy and keep, at least do a fencing and occasionally be clearing the land. <\/p>\n<p>.<br \/>\n#4 &#8211; Never buy cheap properties in Nigeria <\/p>\n<p>Cheap doesn&#8217;t mean a property below N1m, cheap properties are those selling below the standard price of a location. If you buy a cheap property, it will come back to haunt you, because you will spend more than the amount you&#8217;re avoiding, that&#8217;s if you don&#8217;t even lose the property. <\/p>\n<p>.<br \/>\n#5 &#8211; Don&#8217;t buy a property you can&#8217;t conveniently afford <\/p>\n<p>When you&#8217;re choosing a payment or installment plan to buy a house or land in Nigeria, avoid choosing beyond what you have right now, it&#8217;s not advisable to buy a property with a fund you&#8217;re expecting. <\/p>\n<p>.<br \/>\n#6 &#8211; Don&#8217;t buy a property without a clear purpose <\/p>\n<p>Some Nigerians buy a property especially around Lekki and Ibeju-Lekki, because they have friends or relatives that bought there. Avoid buying a property because that&#8217;s where others are buying, instead have a clear purpose, either you plan to stay there or invest there. <\/p>\n<p>.<br \/>\n#7 &#8211; Avoid buying a property in Nigeria without involving a professional<br \/>\nAt least try to involve one of either a property consultant or lawyer, you can involve both too, these professionals would help you avoid legal loopholes and get the best for you based on your budget. <\/p>\n<p>.<br \/>\nSo, have you bought a property already or you&#8217;re searching to buy a place in Nigeria, ensure you&#8217;re avoiding the 7 things mentioned above, and also consult us for further assistance.<br \/>\n<br \/><a href=\"https:\/\/www.youtube.com\/watch?v=vzcElK9enuU\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everyone knows buying a property in Nigeria is very risky, but accommodation is a basic need, these are 7 things you should avoid whenever you&#8217;re buying a property. . #1 &#8211; Never buy a property without verification Ensure you verify before paying for a property, regardless of your relationship with who you&#8217;re buying from, this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[81],"tags":[],"_links":{"self":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts\/3537"}],"collection":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/comments?post=3537"}],"version-history":[{"count":0,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts\/3537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/media\/3538"}],"wp:attachment":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/media?parent=3537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/categories?post=3537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/tags?post=3537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}