Buying a property worth ₦100 million or more is a major financial decision. Before you commit your money, are you sure you’re buying the right property?
Whether you’re purchasing a luxury home in Lekki, investing in Lagos real estate, or acquiring property for rental income, proper due diligence is essential.
Here are 5 critical things to check before buying a ₦100M+ property:
1. Title and Legal Documentation
Verify the property’s title, ownership history, survey plan, and relevant approvals. Engage a qualified property lawyer to identify potential legal disputes or ownership issues.
2. Location and Future Value
Evaluate road access, infrastructure, security, neighbourhood development, and demand. A premium property should offer more than an attractive address; it should have sound investment fundamentals.
3. Construction Quality and Amenities
Inspect the building’s structural condition, electrical systems, plumbing, finishing, and available facilities. For off-plan purchases, investigate the developer’s track record and construction timeline.
4. Total Cost of Ownership
Look beyond the purchase price. Consider legal fees, agency fees, service charges, maintenance, insurance, taxes, and other applicable expenses. These costs can significantly affect your investment returns.
5. Resale Value and Rental Potential
If you’re investing for profit, assess rental demand, comparable property prices, expected returns, and potential resale opportunities. Avoid relying solely on projected appreciation.
Final Thoughts
A ₦100M+ property should be evaluated with a clear strategy, verified documentation, and a thorough understanding of the market.
Remember: A beautiful property is not automatically a good investment.
At Access Realty, we help professionals and investors explore strategic real estate opportunities across Lagos, Lekki, Ibeju-Lekki, Ogun, and Oyo State.
Looking to acquire your next premium property or make a strategic real estate investment?
Contact Access Realty to take your next step with greater confidence on +2348166876262
To your success,
Realtor Tunde Raji, BSc, MNIM, MCIB
CEO, Access Realty
#AccessRealty #LuxuryRealEstate #PropertyInvestment #LagosRealEstate #RealEstateNigeria #InvestmentTips
