Kolex Properties

🏠 7 Important Factors to Look Out for Before Buying a House in Lagos

1️⃣ Title & Documentation (Non-Negotiable)

This is the foundation of everything.

Confirm:

Certificate of Occupancy (C of O)
Governor’s Consent
Registered Deed of Assignment
Approved Building Plan
Survey Plan

Conduct a land registry search.
Do not rely on “the agent said.”

No proper title = high future risk.

2️⃣ Verify Ownership & Avoid Litigation Risk

Ensure:

The seller is the real owner
The property is not under dispute
No family or Omonile claims
No court case attached

Ask for:

Chain of ownership documents
Identification of seller
Corporate documents (if company-owned)

Many people lose houses due to hidden disputes.

3️⃣ Structural Integrity of the Building

Beauty can hide structural problems.

Inspect:

Cracks on walls
Foundation stability
Roofing condition
Quality of finishing
Signs of sinking or tilting

Hire a professional engineer if necessary.
Cosmetics are cheap. Structural repairs are not.

4️⃣ Location & Accessibility

In Lagos, location determines:

Rental demand
Resale value
Capital appreciation
Lifestyle quality

Check:

Proximity to major roads
Traffic patterns
Security of the neighborhood
Future development plans nearby

Location mistakes are expensive and permanent.

5️⃣ Estate Management & Security Structure

If it’s in an estate, ask:

Is there a functioning residents’ association?
What are the service charges?
How is security managed?
Are there pending community disputes?

Poor estate management reduces property value over time.

6️⃣ Infrastructure & Power Supply

Check:

Road condition inside and outside
Drainage system
Electricity supply stability
Generator/inverter provisions

Infrastructure affects:

Rental attractiveness
Tenant retention
Daily living comfort

Poor infrastructure = low long-term value.

7️⃣ Total Cost Beyond Purchase Price

Many buyers focus only on house price.

Also calculate:

Legal fees
Agency fees
Deed & consent fees
Perfection of title
Service charges
Renovation costs

Know the full financial commitment before paying.

🔥 Final Advice

In Lagos real estate:

Emotion buys houses.
Knowledge protects wealth.

Never rush because:

“It’s the last unit.”
“Another buyer is coming.”
“Price will increase tomorrow.”

Verify first. Pay later.

For assistance on best profitable property investment you can grow your money with Whatsapp +2348082952354
ilori kolawole Samuel