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5 Essential Things You Must Do Before Buying A Land: A Smart Investor's Guide



Are you ready to join the league of successful landowners? In Nigeria and worldwide, owning land is a significant achievement and a wise investment decision. As a real estate and investment consultant, I'm passionate about empowering you to make informed profitable choices.

The truth is that, owning some parcels of land is not just a form of achievement but also a form of financial security. So, if you are a landowner, people term you "successful".

Meet Your Guide: Idris Oluwalonimi Precious

Before we dive in, let me introduce myself. I am Idris Oluwalonimi Precious, dedicated to helping you navigate the world of real estate, stock exchange, and agriculture investments. Join our community of smart investors here.

Join Our Community Here!


Now, let's quickly go into it: 



 
1. Budget Wisely: Don't let enthusiasm cloud your decision making, budgeting your investment should be your topmost priority. Calculate your investment budget, including documentation fees, agency fees, and other costs. Consult with a professional real estate consultant to ensure wise financial decisions and to help you administer the budget for better use.


2. Verify the Location and Size:  Don't purchase any landed property without knowing the adequate location and the size of the land.




Why would you do that?

It is important to know and verify the exact location of the land, if you cannot go on your own due to a reason, you should at least send a representative, or your consultant to verify the location of the land for you.

Avoid costly mistakes by verifying the land's exact location and size. Send a representative or consultant to confirm. Remember:


- A plot in Nigeria is typically 50x100feet (except in some states)
- An acre equals 6 plots
- A hectare equals 15 plots (10,000sqm)


3. The Land Appreciation Potential: If you plan to resell, understand the land's future value(prize) in months and years to come. This is very important.




Have at least a rough estimate of what your investment will be yielding in years to come depending on some factors like close landmarks, business arenas and so on.

Consult with an expert to estimate potential growth based on factors like nearby landmarks. If you need a vast consultant now, contact:

GET A VAST CONSULTANT HERE!


4. Documentation Essentials: Here is the "president general among the nations." Here is a place you shouldn't even try to go alone without knowledge. The title of the land or the document on the land is very important. We have range of documents like


- Gazette
- Excision
- Governor's Consent
- C of O
- Deed of Assignment
- Receipt of Payment



Verify documents authenticity and seek professional guidance to avoid costly errors.

5. Check the Payment Method: This is the last but not the least either.
Protect yourself from scams by avoiding payments in cash.  You should be careful with how you make your land purchase payments.




Make sure you don't pay in cash. Make a bank transfer or give a bank cheque to have a trackable transaction in case of any future difficulty. To avoid scam or gilt, avoid paying in cash.



With these insights, you'll be empowered to make wise and informed decisions when purchasing land or landed properties. Remember, investing in knowledge and professional guidance is key to avoiding costly mistakes.


What's Next?



Drop a heart and a comment if you found this helpful! Suggest topics for future articles and book our 3rd-tier consulting session by clicking the link below.

BOOK A 3RD TIER CONSULTING SESSION HERE!

Stay informed, stay smart.


Best regards,


Idris Oluwalonimi Precious
Real Estate and Investment Consultant
lonimsbusinessconsult@gmail.com

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