Buying your first property in Lagos is a huge milestone, but without the right guidance, it can quickly become a stressful ordeal. Follow these steps to navigate the market safely.
Step 1: Determine Your Budget and Financing
Be realistic about what you can afford. Will you buy outright, seek a mortgage, or use a developer's installment plan? Remember to budget an extra 5-10% for legal fees and agency commissions.
Step 2: Choose the Right Location
Look for areas with strong growth potential. Neighborhoods like Abijo GRA offer a great mix of affordability, security, and future appreciation compared to fully saturated areas.
Step 3: Verification and Documentation
Never skip due diligence. Hire a lawyer to conduct a search at the Land Registry to verify the C of O or Governor's Consent. At Pneuma Holdings Ltd., our legal documents are transparent and verifiable from day one.
Step 4: Sign the Deed and Take Possession
Once payments are complete, ensure you receive and sign your Deed of Assignment. Congratulations, you are now a homeowner!
