LinkProps - Rent & Buy Property

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It is the dream of all Nigerians to own a personal house mostly for residential purposes.
Building your own house is good as it takes certain
responsibilities away from you.
It is a major achievement in some parts of the world when you move into your own home. But there are some factors that must be taking into consideration before acquiring land for the said purpose.
Enumerated below are the few that we at LINKPROPS consider necessary.
1. IDENTIFYING A GENUINE LAND
This is a major reason why
many have ignored the thought
of buying land to embark on
building projects. The stories of litigations over lands that
saturate the space are enough to discourage many from givin thoughts to buying land to build
their own home. The world has always
witnessed the existence of good and bad. Everything that is good always has its bad version. Our ability to identify the good at all
time is what makes us a winner in the game of life. It is not every land that is offer
for sale that is not genuine and
vice versa but whatever the case may be the buyer must ensure that due diligence is observed. Desperation should be avoided when trying to buy land for any projects. Fraudsters often take advantage of the desperation on the part
of the buyer to dupe them of their hard earned money. Take your time to ask the necessar questions and ensure you get the right answers before
making any commitment. Where you are not satisfied seek
help from professionals. To be
candid, do not ignore
professional counsels in all your land dealings. Do not be penny
wise, pound foolish! Where you
may need to spend money for
professional services do not take it to be waste of resources. This is the part that LINKPROPS plays a vital role because we take up all the job of ensuring that you buy only the genuine land and properties.
2. ACCESS ROAD NETWORK
It could be frustrating
sometimes when your abode
his not easily accessible to
friends and family. And a situation where you have to spend several hours to get to the major road in your town/city could impact negatively on
your health. Precious time can be saved
when your land can easily accessed from the major road and highway in
your location. This can impact positively on the time spends on
daily activities and engagements. Accessibilty is one factor that must not be taking for granted when thinking about buying land for
home projects.
3.ACCESS TO ELECTRICITY SUPPLY/SOURCE OF POWER SUPPLY
Electricity is an essential factor to be considered when planning
to build your home. Running a home without access to electricity could be very costly and frustrating. It will impact
negatively on your budget. It
may even impact negatively on
your health. It may not be readily available
in your proposed estates at the time of buying the land but it
should not be far from its
vicinity. The cost of installing electricity to the site should however be friendly and easily
affordable if it is to be installed in a short time.
5. ACCESS TO TELECOMMUNICATION NETWORK/INTERNET SERVICES
The world today revolves
around technology, and
telephone and internet are major drivers. However it is not unlikely that these services are yet to be operational in several places. Living in areas without telephone network and internet access is
like living on an island. In this global village that we live you will do well with good
telephone and internet access without which you are not accessible, and cut off from the world of information.
5.ACCESS TO BANKING FACILITIES
You will always need cash to run your life and home.
Especially in an environment
where e-commerce and online payment platform is still unpopular and many businesses still rely on traditional method
of selling, there will be
dependability on cash all the time when you are in your new
home. Unlike in the past when you can
keep cash at home for as long
time as possible the current security challenges faced by many countries does not allow the storage of excess currencies at home. Access to a bank or an ATM
would take off the burden of keeping and accessing cash as at when due, because without access to cash one could be stranded in the home. A situation where one will have to travel hours before accessing bank or ATM services should be avoided when conceiving the thoughts of building your own home.
7 ACCESS TO CHEAP BUILDING MATERIALS. Overall cost of building and
living in your new homeThis is what will determine
whether you will be able to
build and maintain your
proposed home. The cost of land, building, and that of
providing basic amenities
should be given adequate
consideration before embarking
on the projects. It could be frustrating to own a
building in a place that is not
easily accessible by road. Cost of
maintaining cars, providing
security and electricity, could
make one to relinquish the status of a landlord too soon.
8 SECURITY- The security of your life and properties are paramount and should never be compromise for any reason and this must be taken into consideration when buying land.

PROPERTY HOT SPOT

There is always a property hot spot if you look around or ask for it. Real estate investors and professionals usually refer to the areas with rapid appreciation in value, surging prices, high demand and low supply as hot spot areas. Many hot spot areas experience surging prices until they peak and mature. Their value does not diminish but appreciates at a more realistic level. In a normal setting, properties appreciate over a period of like ten years but this general rule usually does
not apply to these hot spots. They might have been slow growth areas but when they suddenly begin to appreciate the pace is frantic. In fact, there has been instances where a property worth millions appreciated by 15 per cent within less than a week. Some could double in value in less than five years. Those investors that are fortunate to be properly positioned in those areas at such times always reap amazing dividends. This is why many real estate investors desire to know what to look for in order to take part in those opportunities. More often than not most of those who benefit from sudden growth and property appreciations did not see it coming. Many people invest in real estate without understanding the dynamics but astute real estate investors are intentional when it comes to investment. They have clear rules that help them to determine where to invest and what to expect. They are also psychologically prepared for whatever comes out of it. They spend their spare time researching and inspecting the likely places to invest in and comparing the reasonable rate of returns to expect. Although we cannot predict with accuracy where these property hot spots will be we can make the best educated guess that is based on knowledge and observation. This would significantly reduce the likelihood of missing a good property deal or a high growth area. Let’s start from the basics. One of the building blocks of high growth areas is population spread. If you take a little time to analyse some high growth areas you will understand the dynamics that exist between population and property values. The social, economic and government activities that take place there is simply enormous. The more intense the economic activities of an area the more people are attracted to the area. The more people are attracted to the area the more they love to stay in that area for family or personal reasons. The more people settle in the area the more real estate values will increase. The areas that are close to high growth areas also benefit from the spillover effect. Once a high growth area starts rapid appreciation in value the areas around the place suddenly becomes more attractive due to lower purchase price and proximity. The rapid appreciation in the
prices of property prices in Lagos. Property hot spots are usually areas that are close to commercial areas that also have good infrastructures. Sometimes all you need to position yourself in a property hot spot is to investigate areas that are close to where the government has committed itself to solid infrastructural projects and where the private sector is gravitating. It is better to position yourself in these areas prior to the commencement of these projects. The moment these projects commence they will lead to the movement of people to those areas.
The companies, the staff of those companies,
suppliers and several other individuals and businesses connected to those areas will begin to move to the area either for residential or commercial purposes. These new arrivals will need houses to live in and shops or offices to rent. Once demand suddenly increases and keeps on increasing the value of the limited accommodation and land will follow suit. This cycle and trend keeps repeating itself all over the world. If you missed out of a property hot spot the next ones may be closer to you than you think.
Look well and you will see.

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