*Abuja, NIGERIA* – As the real estate market in Nigeria continues to grow, investors and off-takers are increasingly seeking professional advice on how to navigate the market and make informed investment decisions.
According to experts in the industry, there are several key factors that real estate investors and off-takers should consider before investing in property or land.
*Conduct Thorough Research*
“Before investing in real estate, it’s essential to conduct thorough research on the market and the specific property or land you’re interested in,” said Mr. John Oyegun, President of the Real Estate Developers Association of Nigeria (REDAN). “This includes researching the location, the developer or seller, and the local real estate market trends.”
*Verify Ownership and Documentation*
“It’s crucial to verify the ownership and documentation of the property or land before investing,” said Mrs. Funke Okubadejo, Managing Director of AMG Properties. “This includes checking the title deeds, survey plans, and other relevant documents to ensure that the seller has the right to sell the property.”
*Inspect the Property*
“Inspecting the property before investing is also essential,” said Mr. Oyegun. “This includes checking the condition of the property, the infrastructure, and the amenities.”
*Seek Professional Advice*
“Finally, it’s essential to seek professional advice from a real estate expert or lawyer before investing in real estate,” said Mrs. Okubadejo. “They can help you navigate the complex process of buying property or land and ensure that your investment is secure.”
By following these expert tips, real estate investors and off-takers can make informed investment decisions and avoid costly mistakes.
