When it comes to buying property, the excitement can sometimes overshadow caution. A lot of property buyers focus mostly on the location, price of the property but overlook one key step which is ‘inspection’. Property inspection is the safety net that helps you avoid surprises, protects your fund, and ensures you get what you paid...
For economic functionality, tax is a common source of revenue for governments worldwide. Nigeria’s fiscal system including tax payment plays a significant role in funding and managing the economic development and infrastructures. Property tax in Nigeria started during the colonial era to fund public services and infrastructural developments. In this blog post, property tax payment...
One of the many ways of making profit in real estate is ‘House Flipping’. Like the word ‘Flip’, it is like the property investor made a turn around decision to sell the property rather than keeping it for personal use. You buy a property (especially an old one), rehab it into a good condition, then...
Real estate investment, while potentially lucrative, is not without its risks. Effective risk management is important to ensure the success and profitability of any real estate investment. In this blog post, we explained real estate risk management and also identified the various types of risks that investors and property owners may encounter during investment process....
Owning a home is a significant milestone, but it comes with responsibilities, one of which is understanding property taxes. Whether you’re a first-time homeowner or a seasoned property owner, grasping the basics of property taxes is crucial for managing your finances effectively. This guide will help you understand what property taxes are, how they are...
Real estate has long been regarded as one of the most reliable ways to build wealth. Whether you’re looking to purchase your first home, invest in rental properties, or venture into commercial real estate, understanding the potential of property investment is crucial. In this blog, we’ll explore why real estate remains a powerful tool for...
Acquiring property is one of the most significant financial decisions an individual or business can make. Whether you’re a first-time homebuyer, a seasoned investor, or a developer, understanding what influences the cost of acquiring property is essential to making a sound investment. While many believe that location is the only major factor, there are several...
When it comes to real estate, whether you’re buying, selling, or investing, one key process that can never be overlooked is property appraisal. It’s the foundation upon which the true value of a property is determined. If you’re new to the world of real estate, property appraisal might sound like a complex term, but it’s...
In recent times, managing your property remotely has become more accessible than you could imagine. With technological advancements, property owners no longer need to be physically present to oversee the day-to-day operations of their real estate. If you own rental properties, lands, or commercial real estate in Nigeria, managing your assets from a distance can...
1. Define Your Budget Determining your budget is the first and most crucial step. Here’s how to set it: Credit Score Check: Start by checking your credit score, as it affects the mortgage rate you’ll be offered. The higher your score, the lower your interest rate, which can mean significant savings over time. Down Payment:...
