While there are always 101 ways to very lucrative investment opportunities, there is only one major way that guarantees no stress, absolute peace of mind, and returns on investment that promises to keep your head afloat no matter how troubled the economic waters get. That is REAL ESTATE!

You owe yourself the chance to set the pace for the life you wish to experience.

Factors To Consider Before Buying A House In Nigeria

1. Location of the house

   Homebuyers prefer to find a location that allows them to easily access the places they frequent, such as work, school, place of worship, shopping, friends and family, recreation, etc. You should look for easy access to the main roads. Check the traffic flow as well. Doing all these before you buy a home in Nigeria can help you avoid the hassles of getting out or into the neighbourhood. Buying a house near your place of work or school will save you time and transportation costs as well.?

2. The payment plan

   Buying a home in Nigeria requires a significant amount. Only a few people can afford to pay the price upfront. Discuss with your bank or lender if they have a reliable repayment plan. A reliable financial partner who will hold your hands throughout the process will definitely be helpful.

   When you want to choose a financial partner, you should consider factors such as; how affordable their mortgages and loans are and their loan repayment period.

3. Infrastructure
   

   The infrastructure of the place you intend to buy the house is also a crucial factor you must consider. Before you buy a house in Nigeria, you need to find out if the location is well-connected by either roadway or train networks. There should be sufficient water supply in the area. Lastly, you should find out if the area has amenities such as telephone and internet connectivity, street lighting, and recreational parks.

4. Type of the house

   The type of house you buy will depend on your needs and preferences. There are various options you can choose from, including; bungalows, apartments, mansions, condos, etc. Your choice of a home will also depend on the type of lifestyle you want to live. After deciding on the type of house you want, the next thing is to consider the design of the house. Choose a well-designed house that looks attractive. Some of the factors that play a significant role in the design of the house include materials used, colour, landscaping, size of the house, etc.

5. Condition of the home

When buying a house in Nigeria, you must ensure that the house is in a good state. Buying an old house will require a lot of renovations that may cost you a lot of money in the end. You wouldn’t want such a scenario. That’s why you must inspect a house thoroughly before you purchase it to save yourself from stress later on.