A lot of people want to be a landowner or homeowner in Nigeria, but a lot of things have to be put into consideration before investing your money into your first house. As a first-time buyer, it is normal to have questions about so many things regarding what you want to buy or invest in.
There are some things to put into consideration before buying your first house, and this article will treat a few of those important things you should consider before buying your own house.
Here are some of those things explained below:
Evaluate Your Financial Capacity
The first step to buying any property at all is to examine your financial capacity to know if you are financially capable of owning a house, land, or property. After you examine your financial situation, if you can not afford to buy a house yet, the best thing to do is to save money consistently, although it’s usually advisable to save ahead of time so you can always have a financial means to fall back to when you need money.
Research Before You Start
Research is the key to getting good results in everything, and this doesn’t exclude real estate. You need to make your own findings or research. Some of the questions to ask while making your findings include: What kind of house do you really want? Where do you want it located? Is there good and consistent electricity and water supply in the environment? When you are able to answer these questions, then you will have a clearer view of what you really want.
Get A Real Estate Agency/Professional
Getting a real estate agency or a professional will save you a lot of stress, energy, and time when choosing the right house. Based on your description and choice, real estate agencies and professionals know best the option you should go for. They are in the best position to guide you on the path you need to follow when buying your first house. If you want the help of a real estate agency in making that decision, you can contact us at Meritabode
Go For A Site Inspection
One of the costly mistakes that many people have made is not physically checking or inspecting the house before buying it. Always make sure you go for a physical site inspection before buying a house. Site inspection gives you the opportunity to sight the house and decide if it’s a good option for you or not. We hold our site inspection every Saturday, you can join us too.
Think Long-Term Not Short-Term
One of the most important tips for first-time buyers is to always think of long-term and not short-term when buying a house. You should consider if you are planning to stay in the house temporarily for a number of years or permanently. Usually, couples will consider their children when they are choosing the type of house to buy, and if they don’t have children yet, they would consider if they are going to have them in the future, so the type of house still matters a lot in this kind of situation.
READY TO BUY YOUR OWN HOUSE?
Have you made the decision to buy your first house? Contact us at MeritAbode. You can also join us for Site Inspection every Saturday at our Emerald Garden City estate locations at Ibeju Lekki, Simawa, Arepo, Epe, Ikorodu, Mowe-Ofada, and Prime Ville.