6 Design Ideas for Lagos Apartments

Everybody loves Lagos (well, almost everybody). It’s a beautiful and exciting city. We also know that living in Lagos tends to get stressful. The high energy and chaos of everyday Lagos life can be demanding. After a long day, you will need time to relax and recharge in your own cosy place. However, getting an apartment itself can be a hassle. We even wrote an article about the hidden cost of an apartment in Lagos. When you do get an apartment, it needs to be a safe haven. It is only right that it is perfectly designed to suit your taste. Here are some design ideas perfect for your Lagos apartment. Find Reliable Real Estate Agents near you 1. Space One of the challenges with living in a city like Lagos is ...

The real cost of getting an apartment in Lagos

My friend Gbolahan moved to Lagos last year, needing a place to stay. He set about looking for an apartment. His experience while searching for a new place inspired this post that looks at all the hidden costs and struggles of getting an apartment in Lagos. 1. Agents can be expensive Depending on the kind of real estate agent you use, you will sometimes pay a one-time fee or you would have to pay a fee every time you go over to check a place. Bigger real estate firms charge a one-time fee and are usually more committed to finding you a place. However, the downside with them is that they will sometimes have to split the agency fee with other agents and this often causes an increased agency fee. So, ask if the consultancy fee you are ...

5 things to do before hiring a Real Estate Agent

Looking to get into the real estate business? Maybe you want to get that property that you've been longing for, but can't seem to have the time to actually look for it? Or perhaps you have some prime property you would like to let loose in the market and wouldn't mind an extra pair of hands. In such a situation, a real estate agent is a go-to person for help in real estate matters. Which is great! You get to have someone with more experience in the matter help with your needs. But as alluring as that sounds, it always pays to do some homework before hiring a real estate agent. Don't just look at the surface and determine who to hire based on their ads or their looks. Digging deeper to determine how resourceful ...

WHAT YOU SHOULD LOOK OUT FOR WHEN RENTING A NEW PLACE

If you are part of the 47% of Nigerians who reside in urban areas and do not own your own home, you will have to deal with estate agents to rent a place of your own. Here, we take a look at some of the things to look out for- and do while house hunting. Location Depending on what you do, either as a student or worker, make sure that the house you end up renting is quite close to where you spend most of the day – either studying or working a nine to five. This ensures that you spend as little money as possible commuting. The location of the house in relation to the major road also matters. Houses well away from the road might cost less, but might increase how ...

How to be a Successful Real Estate Agent in Nigeria

  People are always looking for property to own. That's a given. Doesn't matter if the market values skyrocket or they plummet, there are always individuals looking to own or let go of their property. The real estate market can be a very profitable venture, but no doubt it's one laden with several things waiting to go wrong. From tenants not paying rent, to demolish of properties by government for development projects, people encroaching on your own property and so on. So if you are looking to get into the real estate business in Nigeria, and be successful at it, not only do you need the mental fortitude to scale through, you also need the necessary skills and knowledge to get the job done right.  Here are a couple of things you have to do; 1. Get ...

10 passive income streams you should take advantage of

If you have an active income that you earn from either working for an organisation or from running your business, it would never hurt to have a passive income stream that guarantees returns regularly, am I right? What would be ideal is a venture that can keep earning you money without your active participation in running in every day. That been said, here are 10 passive income streams you can take advantage of here in Nigeria 1. Real Estate If you are fortunate to own some real estate, what are doing letting it waste away. Depending on where the building is located you can rent out the place either for office use or as a private residence. Undeveloped land can also be leased out till you will need it back. Even if you don’t ...