Investing in property in Lagos can be one of the most rewarding decisions you’ll make, but it’s essential to do your homework. From documentation to location, a proper assessment ensures you avoid pitfalls and make an informed purchase.
1. Verify the Property Documents Before Buying in Lagos
Before making any payment, ensure all the necessary documents are available and authentic. Critical documents include:
- Certificate of Occupancy (C of O): This document confirms ownership and government approval for the land.
- Deed of Assignment: A legal document transferring ownership from the seller to you.
- Survey Plan: Helps confirm the land’s location and status (whether it’s free from government acquisition).
Ensure you work with a trusted real estate company like Leadway Property to confirm the authenticity of these documents.
2. Inspect the Property Location in Lagos
Location is a significant factor in property value and suitability. Check the following:
- Proximity to landmarks: Is it close to major infrastructure like schools, hospitals, or industrial hubs like those in Ibeju-Lekki?
- Accessibility: Are there good road networks, and how easy is it to reach the property?
- Security: Is the area safe and secure for living or investment purposes?
When buying from trusted developers like Leadway Property, you gain access to well-situated properties in Lagos.
3. Confirm the Ownership Before Buying a Property in Lagos
One of the most common scams in Lagos real estate involves fraudulent claims of ownership. Always:
- Conduct a search at the land registry to ensure the seller owns the property.
- Ask for a physical inspection and meet with the current owner if possible.
- Verify the seller’s claim through a trusted legal professional.
4. Assess the Land Use and Zoning Plan in Lagos
The zoning of the land determines what can legally be built on it. For instance, land zoned for residential purposes cannot be used for industrial projects. Ensure the land use aligns with your intended purpose by consulting with your lawyer or a town planning authority.
5. Check for Hidden Costs Before Buying Property in Lagos
In Lagos real estate, costs don’t end with the purchase price. Some additional expenses include:
- Legal fees for documentation
- Survey and valuation charges
- Development and community fees
Partnering with a transparent company like Leadway Property ensures you’re aware of all costs upfront.
6. Research the Real Estate Developer or Seller
Before buying from an individual or company, research their reputation and track record. Look for reviews, past projects, and testimonials. Companies like Leadway Property have a proven history of successful real estate transactions and client satisfaction.
Click here to view our property listings.
Visit https://lagosstate.gov.ng/ for info on simplifying your access to Lagos State govt services.
Ready to secure a stress-free and profitable real estate deal in Lagos? Contact Leadway Property today for verified properties with full documentation.
Call: +234 906 608 9911
Visit: www.leadwayproperty.com
