Real Estate Articles

Since we became a republic, the real estate sector in Nigeria has been fighting for survival. Its stunted growth, development and dwindling fortunes over the years remain a major source of worry. This article aims to address the problems that arise from the role of government in the real estate sector. Real estate has continued to play a significant role ...

Thinking of renovating your property before selling it? You may have to think twice. In fact don’t renovate yet if you’ve not done your calculations; a rough estimate of what your fixer-upper will cost you. In real estate slang, a fixer-upper is a property that will require maintenance work (redecoration, reconstruction or redesign), though it usually can be lived in as it ...

Did Buhari win elections because of N5000 stipend promised? Why is there so much fuss about a 5000 naira stipend promised to the unemployed graduates in Nigeria that should never have been? Find out in this article. When Buhari made the campaign promise of N5000 stipend to unemployed Nigerians, to me it sounded like child’s play. In fact it was ...

Taking on a fixer-upper as your real estate investment opportunity entails a series of steps that must be taken to bring the value of the property up. This article focuses on how best to fix your fixer-upper to increase the worth of your property. With so much in any property that could use some work, the process of enhancing a ...

Unbelievable but true! The Fuggerei is the world’s oldest social housing complex still in use. In this truly magical place, rent hasn’t been raised since the year 1520. After minting coins for the Vatican and making a name for himself as one of Europe’s greatest early entrepreneurs, Jakob Fugger (aka “Jakob the Rich”) turned his eye toward those in need. What emerged from this vision ...

What does it mean to have a Maintenance Culture? Imagine having a generating set that has been working for months and yet not serviced once, then it breaks down one day and that’s when you realize it needs servicing. Being in tune with or showing sensitivity towards the proper functioning of a property, machine, structure e.t.c and carrying out repairs ...

Before we weigh the pros and cons between a residential property and a commercial property, let’s define the two real estate terminologies. A residential property is any property that derives all or nearly all of its income from dwelling units. Single-family homes, multi-families, apartment buildings, condos, co-ops are all residential. For commercial property, we’ll use a typical layman’s definition: property ...

This article tells you what you should know and subsequently do to access an estate developer’s loan in Nigeria. It is a long process in gaining access to funds for that estate development project.  Estate developers in Nigeria have one major constraint and that is the cost of acquiring land which is the first stage on a somewhat tumultuous path ...

Finding a bad landlord isn’t hard at all especially in Lagos. Bad landlords have a reputation that shapes the face of their entire neighbourhood. This article reveals signs that tell your landlord is a bad person. Dealing with a terrible landlord is worse than having a boss you will never be able to please. There are so many bad landlords ...

What is a Mortgage? A mortgage is a lien on a property/house that secures a loan and is paid (interest and principal) in installments over an agreed period of time. The mortgage secures your promise that you’ll repay the money you’ve borrowed to buy your home. Mortgages come in many different shapes and sizes, each with its own advantages and ...