ABDULAZEEZ O. ENILARI

 

REASONS WHY YOU SHOULD INVEST IN REAL ESTATE

 Real estate can be a compelling investment for many reasons, but it's important to note that the suitability of any investment depends on individual circumstances and market conditions. Here are 20 reasons why you should consider real estate a good investment:

1. Potential for Appreciation: Real estate values can increase over time, potentially leading to significant returns.

2. Rental Income: Owning rental properties can provide a steady stream of income.

3. Diversification: Real estate can diversify an investment portfolio.

4. Tangible Asset: Real estate is a physical asset with intrinsic value.

5. Hedge Against Inflation: Real estate often appreciates in value during inflationary periods.

6. Tax Benefits: Investors can take advantage of tax deductions, depreciation, and other incentives.

7. Leverage: Real estate can be purchased with borrowed money, magnifying returns.

8. Cash Flow: Rental income can provide consistent cash flow.

9. Control: Investors have control over property management and decisions.

10. Equity Building: Mortgage payments gradually increase ownership stake in a property.

11. Appreciation Potential: Properties in high-demand areas may experience rapid appreciation.

12. Forced Appreciation: Investors can increase property value through renovations and improvements.

13. Long-Term Investment: Real estate is often seen as a long-term wealth-building strategy.

14. Stability: Real estate markets tend to be less volatile than stocks or cryptocurrencies.

15. Demand for Housing: Population growth sustains demand for housing.

16. Portfolio Diversification: Real estate can balance a portfolio of stocks and bonds.

17. Passive Income: Real estate investments can generate passive income streams.

18. Control Over Expenses: Investors can manage property costs and increase profitability.

19. Retirement Planning: Real estate can provide a source of retirement income.

20. Wealth Preservation: Real estate can be a way to preserve wealth for future generations.

However, real estate investment also comes with risks and challenges, including market fluctuations, property management, and illiquidity. It's essential for you to  contact a REAL ESTATE CONSULTANT to help you do a thorough search and give you proper ADVICE considering your financial goals and risk tolerance before investing in real estate. Consulting with a real estate advisor is advisable to make informed investment decisions.

For your Real Estate Advisory contract : THE OVERFLOW GLOBAL PROPERTIES & REALTORS LIMITED 

Tel/WhatsApp : 08165456551 or 008054051344

INVESTING IN NIGERIA

INVESTING IN NIGERIA: HOW PEOPLE'S OPINION ALMOST DESTROYED MY DESTINY

''Do not listen to anyone telling you to invest ooo!”

That was the voice of my mother, but I will never forget this investment experience that later saved my life.

My first Major visit to Nigeria after almost 10 years was in 2007, Banana Island and Oniru Estate were the best locations where you could find the movers and shakers of Lagos. MoHits had just released their numerous singles, ‘Why Me’ & "Pere" were my best jams.... if you weren't in 1145 or Bacchus on Friday nights, you were lost in the social scene.

I learnt everything from Aristo to Groto, the best place to eat Ofada rice and their Sunday nights had no Part 2. I was just 26years old. I had a G-Wagon and a Blue convertible MiniCooper GT. I didn’t understand the Nigerian Investment Scheme. I was naive and somewhat paranoid.

I met this developer Akin, who had a beautiful piece of land, located on a major road in Oniru Private Estate. His amazing Brochure showed that he was developing a 16 unit 3-Bedroom apartment.

“Suji, this is an opportunity of a life time, I am only giving you this chance because you speak French and we are both young. I have 16 Units and I have sold 12, grab 1 now before it is too late. For now it’s selling for 50M Naira, if you buy now, you can sell when we complete the project for 100M Naira”

It sounded too good to be true, but coming from a Venture Capital background, things like this were not strange to me. However, this young Oniru developer was too sharp for me. I was new in Lagos, and he was very persuasive. Do I trust him or not?

After spending 5 weeks in Nigeria, I had to go back to Paris. I had about 70M Naira left and I had only 2 choices: invest 50M Naira into the Oniru property or put it a Fixed Deposit and make 7% annually?

The fixed deposit was an insult on my intelligence but it was safe. The Oniru off-plan property sounded great but too risky. As a strategic risk-taker, hedging my risk on security and assurances, I took the Oniru property; after all, I had already spent more than 30M in nightclubs and on gifts for family and friends. I closed my eyes, paid Akin the 25M and gave him post-dated Cheques for 10M and 15M Naira, tied to milestones.

My Mum nearly fainted when she heard.

‘Ajaniogunnnn!!! You have given money to a thief!!!’

My aunty, my friends, my brother, everyone told me I was stupid; that the Developer will use my money to drink Champagne in Groto, but I trusted the Developer and I loved the project. My heart was beating fast but my conscience told me I did the right thing. People talk nonsense about things they don’t understand.

1 year after, no apartment, no house, Akin's phones were switched off!

‘Chaiiii!!!! This guy has finished me! Should I contact EFCC and SFU? I want my money back.”

Then, One beautiful summer of 2009, Akin called me:

“Mr Suji, sorry I have been away. I lost my mum but all is good. I am back now and your property will be ready in 8months. If you want your money back, I can send it to you in 3 Months.”

I was confused but I trusted the voice in my head. I allowed him to go ahead with the building and in 7 months, I received a nice 3 Bedroom with 1 BQ and 2 car parks.

Unfortunately for me, 2009 was a rough year, the international economic recession had affected my business and I was in dire need of money and sold my apartment for 105M Naira. This saved my life. What looked like failure became a fortune. I changed this money to Euros, revamped my business and compounded that money INTO MILLIONS which became the foundation on which I started Sujimoto construction in 2014.

Written by

Sijibomi Ogundele
MD/CEO SujiMoto

#business #investment #realestate #intelligence #lagos #nigeria #theoverflowproperties #abdulazeezoenilari

STAMP DUTY ON RENT AND C OF O.

The Federal Inland Revenue Service (FIRS) has said that stamp duty will now be paid on house rent and certificate of occupancy (C of O) in Nigeria.

The revenue service also urged residents to ensure that rent or lease documents and C of O are subject to authentication with the new FIRS adhesive stamp duty.

Abdullahi Ahmad, director of FIRS communications and liaison department, said this is necessary to give the instruments the force of law and make them legally binding on all parties involved in the transactions.

Mr Ahmad said the new FIRS adhesive stamp was introduced at the official inauguration of the inter-ministerial committee on audit and recovery of back years stamp duties.

The FIRS spokesperson quoted Muhammad Nami, the FIRS executive chairman, as saying that the chargeable transactions under the stamp duties act as amended in the Finance Act 2019 are in two categories – fixed duty instruments and ad-valorem instruments”.

He said: “The following are the chargeable transactions in the fixed duty instruments category, power of attorney (PoA), certificate of occupancy (C of O), proxy form; appointment of receiver, memorandum of understanding (MoU), joint venture agreements (JVA), guarantor’s form, and ordinary agreements receipts.

“While ad-valorem instruments chargeable under the stamp duties act are deed of assignment, sales agreement, legal mortgage or debentures, tenancy or lease agreement, insurance policies, contract agreements, vending agreement, promissory notes, charter-party and contract notes.

“Stamp duty is basically charged in two forms, either ad valorem where duty payable is a percentage of the consideration on an instrument or a fixed sum irrespective of the consideration on dutiable instrument or document.”

The FIRS advised Nigerians to ensure that all the listed instruments contain the new FIRS adhesive stamp affixed or stamped on them as this would legalise such instruments.

PREMIUM TIMES reported how the revenue agency said it generated the sum of N66 billion from stamp duties between January and May.

READ ALSO: NIGERIAN GOVT SETS N1 TRILLION STAMP DUTY TARGET

Mr Nami said the money realised in the first five months of the year from stamp duties represented about 1,000 per cent increase.

He stated that the increment was unprecedented when compared to six billion naira collected from January to May 2019.

The FIRS boss attributed this increase to the dynamism triggered by Finance Act 2019, sums warehoused by the CBN in respect of prior years and the deployment of technology as well as stakeholders’ collaboration.

Your right as a Landlord

YOUR RIGHTS AS A LANDLORD.

A landlord is the owner of a premises or the holder of the reversionary interest in the property. This means that at the expiration of every tenancy, the right to possession and ownership of the said premises goes back to the landlord. Individuals own property for a number of reasons one of which is for passive income or as an investment as such, they let such properties out to tenants in exchange of rent. The rights a landlord has include:

1. Right to receive rent: A landlord has the right to receive regular and periodic rent form the tenant for the use and occupation of his premises. Rents can be collected weekly, monthly, quarterly, half-yearly and annually as agreed by the landlord and tenant. However, the manner by which the rent is collected determines the period of notice to which the tenant is entitled to.

2. Right to reasonable periodic inspection of the demised premises: The landlord is permitted by law to enter into the demised premises to carry out routine checks on the manner in which the demised premises is being used. However, before such checks, sufficient notice has to be given to the tenant in the manner stipulated in the tenancy agreement.

3.  Right to lawfully eject a tenant: A landlord has the right to lawfully eject a tenant whose tenancy has been determined in accordance to the Tenancy Agreement or by operation of law. To lawfully eject a tenant, the appropriate notices has to be given in accordance to the law before proceeding to the law court. It is illegal to use self-help by inviting thugs or “Area-boys” to assist in ejecting a tenant. One can be liable for the crime disruption of public peace and criminal assault among others.

4. Right to review rent: A landlord has the right to review his rent upward (and sometimes, in the face of economic realities like economic meltdown, downwards). Such rent reviews have to take cognizance of the prevailing rate in the area and the special circumstances of the property so that they are not viewed as arbitrary or unreasonable.

5.  Right to compensation from compulsory acquisition: The governor of the state by virtue of the Land Use Act has the right to compulsorily acquire properties within the state for “overriding public purposes”. However, whenever such occurs, the landlord has the right to be given compensation by the state government for the unexhausted improvements he has made on the land.
#theoverflowproperties #abdulazeezoenilari

7#abdulazeezenilari #realestateagent #yourrightasalandloard #realestateadvisory #realestateacquisition #propertyacquisition

Secure the future of you children

*Damn! It sent some shivers down my spine.*

Zig Ziglar once said, "People often say motivation doesn't last, that's why I recommend a daily dose of it."

In like manner, a consistent dose of real estate investment is recommended if you want to be free from financial pressure. 

*Something happened today.*

And I will share it with you soon.

Today, someone posted on Twitter celebrating her parents for buying their 7th home.

She then went on to boast that her parents are just another home away from being able to leave her and her siblings their individual rental properties. 

*Damn! It sent some shivers down my spine.*

*Do you know what that means?*

It shows that her parents truly care about their future.

It tells that they are willing to go that far in ensuring that their today and tomorrow is fully secured. 

It also means that they want their children to never have to run to any uncle or family member while they are gone.

*THAT'S SERIOUS WISDOM* right there!!

I began to ask myself, Am I doing enough for my unborn kids?

Am I spending and investing money the right way?

Will my kids boast of me a few years from now that the choice to invest in real estate and own properties helped secure their future?

It'd be selfish of me to call myself successful if that's not passed on to my kids and if their future is not secured today.

THE NOOKS ESTATE EPE

Biodun has been my friend for the past 10years now, and I must say she's a woman of great quality and taste.

She's the kind of woman any man would want to keep forever.

*But guess what?*

She's married to Kola, a true definition of an OLIVER TWIST.

He's the kind of man that would request for stew on top of his jollof rice.

*Can you imagine?*

Who does that in this time and age?

Like seriously, who?

But to be honest, he still has his good sides.

Last week, I spoke with Biodun about our new property which we recently launched at EPE, known as *THE NOOK*.

She was like

What about the other land we purchased at THE ENCLAVE EPE.

But I told her she won't lose anything if she acquires more lands. Owning more lands would be to her benefit.

So, we scheduled an inspection to site and of course, her husband came with her.

When we got to *THE NOOK*.

Imagine what happened next?

That OLIVER TWIST nature of asking for more came out of him from nowhere.

Their initial plan was to buy 2 plots but on getting to site, Kola found out that the land was not just in a serene environment but that we are offering
a 20% discount on every plot which is *₦2million.*

As we already know Kola's nature, He decided to buy more.

*THE NOOK* is an affordable piece of luxury located in Epe.

A place that will turn out to be the next destination of the elites in Lagos.

That you will call Home.

It is covered with a *Gazzette* as the root title.

A plot of land measuring *600sqm* sells at *₦2million* and you can also get *300sqm* plot for *₦1million*.

People are already positioning themselves in Epe and 5years from now you will find yourself in Epe because that's where you will find your target clients.

Don't wait to be told what will happen in the next 24 months.

If I were you, I'll call 08165456551/08054051344 to schedule a free site inspection.
#lagosproperties #theoverflowproperties #abdulazeezoenilari #abdulazeezenilari #thenooks

A 9.5M car will turn to 950k car real quick but a 9.5M land will 120M property in few years down the line, INVEST WISELY.
To invest in land and other landed properties call/what's app : 08165456551/08054051344
#theoverflowproperties #wiseinvestment #propertymanagement #nijarealtors #lagos #realestateinvestmentslagos #bestinvention #landinvestment #investmentopportunities

Lagos State Govt. vows to tackle unauthorised real estate practitioners

Special Adviser Toke Benson Awoyinka

The Lagos State Government says it will tackle the menace of unauthorised real estate practitioners across the state.

The Special Adviser (SA) to the Governor on Housing, Mrs. Toke Benson-Awoyinka, said this in a statement in Lagos on Monday.

Benson-Awoyinka said that the state government had planned a stakeholders forum for real estate practitioners, aimed at tackling the menace. She said that the one-day stakeholder’s engagement slated for Wednesday had as its theme ”Lagos Real Estate: Achieving 21st Century Compliance”.

The Special Adviser said that the theme of the forum showed that the state government was making frantic efforts to eradicate the dubious practices of some real estate practitioners in the state.

According to her, the forum will help restore sanity and orderliness to the housing sector.


in Metro4 days ago

Lagos State Govt. vows to tackle unauthorised real estate practitioners

Special Adviser Toke Benson Awoyinka

The Lagos State Government says it will tackle the menace of unauthorised real estate practitioners across the state.

The Special Adviser (SA) to the Governor on Housing, Mrs. Toke Benson-Awoyinka, said this in a statement in Lagos on Monday.

Benson-Awoyinka said that the state government had planned a stakeholders forum for real estate practitioners, aimed at tackling the menace. She said that the one-day stakeholder’s engagement slated for Wednesday had as its theme ”Lagos Real Estate: Achieving 21st Century Compliance”.

The Special Adviser said that the theme of the forum showed that the state government was making frantic efforts to eradicate the dubious practices of some real estate practitioners in the state.

According to her, the forum will help restore sanity and orderliness to the housing sector.

Benson-Awoyinka said that a legal approach alone might not be enough to solve the problem of fraud in the real estate business in the state, without the commitment of all the stakeholders.

She, however, said that the present administration was determined to ensure a conducive environment for seamless operation within the sector.

”I implore the real estate/agency businesses to cooperate with the state government so that the state as a smart city would be made investors’ haven, not only in Africa but the world at large,” she said.
The Overflow Properties was in attendance, the occasion was truelly an engagement of all stakeholders.

RISING RENTS

Rising Rents, Now Might Be the Time to Buy an Investment Property

This growing imbalance between the increasing population and demand for housing in Nigeria will continue to exert an upward increase in rental values. The Increasing rental prices are plaguing tenants in Nigeria, with political and economic worries keeping them from making smart financial decisions. Even so, smart investors are getting into the landlord game themselves, snapping up properties to rent out. Thereby providing affordable housing to accommodate the needs of Nigeria’s growing middle class.

You may be looking to wait out the market for a lower price or keep their money to invest elsewhere, not considering Real estate as a potential multiplier of money. Waiting out, to get a better deal, can prove too long and one might miss the opportunity to make a profit. What should you look out for? Places with high rates of development like the Ibeju Lekki axis in Lagos which is gaining increased interest from Nigerians to live close to such a budding area. What does this mean for potential buyers like you, who plan to “buy to rent” their properties; getting in now means they can take advantage of high rents.

In Lagos, rents are up across the board. Demand is high for apartments, partially because people are renting instead of buying. So, for those interested in buying a property, but don’t need cash right away, buying to rent out a property now might mean getting the cash you might need in the future, it might make sense to rent it out. So, instead of investing your assets in the stock market, why not purchase homes to rent, and for parents’ homes for children. Foregoing a luxury for two or more properties you can easily rent out to the middle class, would prove a way better investment deal in the nearest future than a buying a Rolls-Royce.

There’s a clique, who can be considered “smart Nigerians”; They have a home and they are staying there and they make money without lifting a finger by buying properties to rent out. Have you gotten into the game yet? the game of “buying to rent”? the one that secures your future and that of your family. Well, you should, let THE OVERFLOW PROPERTIES show you how

AZiZi Riviera

*Introducing Azizi Riviera*

Azizi Riviera is one of the largest development in the new Downtown Dubai.

The new downtown Dubai In Mohammed Bin Rashid City, Meydan is very close to Burj Khalifa area and the Dubai Mall. Azizi Riveria project is near to new largest Dubai mall under construction in Meydan called *MEYDAN ONE MALL* which is scheduled to be open before Expo 2020 commenced October next year.

The Meydan community is one of the project designed in align to the vision of His Highness Sheikh Mohammed Al Maktoun to provide residential apartment and public entertainment area during Expo 2020 and beyond. The mall has the longest indoor ski in the world about 1km long and next to DUBAI ONE TOWER which upon completion will be the tallest residential tower in the world.

Azizi Riviera with about 16,000 luxury apartment have an easy access to the Dubai Marina through the Dubai canal extension which will pass bye the mall.

Available in Studio Apartment, 1 Bedroom Apartment, 2 Bedroom Apartment and 3 Bedroom Apartment.

Price:

Studio - Starting from AED520,000
1 Bedroom - AED750,000
2 Bedroom - AED1,200,000
3 Bedroom - SOLD OUT

https://www.xe.com/ to check the current exchange rate

COMPLETION DATE: Phases 1 & 2- Q2 2019  & Phases 3 & 4- Q3 2019

*NOTABLE LANDMARKS*

• Dedicated Meydan Mall - 2 times bigger than Dubai mall in Old Downturn Dubai
• Dubai One Tower – World tallest residential tower twice the height of the Shard
• Meydan one mall precinct
• Dubai creek – Tallest tower in the world
• Green Metro Line – Easy access to 2 main roads in Dubai
• Al Khail Road
• Monumental dancing water fountain
• Dubai Mall – Current biggest mall in the world
• Burj Khalifah – World Tallest Building
• Burj Harab
• Jumeirah Beach

*BUILDING FACILITY*

• Swimming Pool
• Kids Swimming Pool
• BBQ Seating Area
• Bocce Area
• Zen Garden
• Yoga Zone
• Pets Agility Area
• Lounge With Movie Night
• Outdoor Chess Play Area

*WHY INVEST IN DUBAI*

• Hub of the world – Dubai is strategically located in between Europe, Asia and Africa
• Lifestyle: Desert Safaris, luxurious malls, world class restaurants
• Economy – Well known for its tourism, trade and business services
• Low Crime Rate – Safety and security of the city, vital for investment
• Regulated Real Estate Market – Project mostly monitored by Dubai Land Department and RERA
• Free Hold Properties – All nationalities are welcome to invest in Dubai real estate
• Resident Visa – Investors are eligible for a 2 years (renewable) visa
• Overseas Financing – Banks allows mortgage of up to 50%
• EXPO 2020 – Projects to attract 25 million investors and visitors all over the world
• Flexibility in payment – affordable 50/50 plans
• Higher Capital Appreciation – the closer to completion, the higher the price becomes
• Lowest entry point – Cheaper than buying ready completed projects
• Security – Escrow accounts, O-good registration and real estate regulatory agency.

We can help you get started by investing in any of our premium properties in choice location in the United Arab Emirates (UAE), we're just a call away.....! *08165456551/08054051344*

A LAND OR A CAR ?

Compare buying land and buying this car, back then...do the math and check which is the one that stands the test of time, value and profitability.

ABDULAZEEZ O. ENILARI

My name is ABDULAZEEZ O. ENILARI, I’m a REAL ESTATE CONSULTANT (my JOB is to SOLVE all your REAL ESTATE problems) am the MD/CEO of  THE OVERFLOW GLOBAL PROPERTIES & REALTORS LIMITED, a company which is incorporated as a limited liability company under the Company and Allied Matters Act of 1990 by Corporate Affairs Commission with RC -1600805 to carry out the business of real estate development, maintenance, brokerage to mention but a few. We pride ourselves as one of the most recommended and genuine real estate firm in the country. We are committed to providing comfortable and affordable standard housing solutions within Nigeria and beyond, Presently, I also market Real estate product of other Reputable REAL ESTATE FIRM that have strong integrity for both consultants and clients, these companies are:_

*ASPIRE HEIGHTS REALTORS LTD*
*GTEXT HOMES*
*COVELAND LIMITED*
*BUSTOM HOMES AND PROPERTIES LIMITED*
*WEALTHISLAND PROPERTIES*
*LANDWEY INV LTD*
*ALSTONIA GLOBAL*
*AMEN ESTATE*

*GRACIAS GLOBAL*
*CASAFINA INITIATIVE*
*VERITASI HOMES*
*BRICKS AND BARS LTD*
*SWITCHLANE INV LTD*
*SILVER PACIFIC HOMES*
*BLH HOMES*
*PAZINO ECC*
*BRIEF HOMES*
*CHRISTAL HOMES*
*SIBGAN GARDENS*
*DNJ INVESTMENT*
*ZYLUS HOMES AND PROPERTY LTD.*
*AZIZI DUBAI*
*DAMAC DUBAI*

*DANUBE PROPERTIES*
Contact : 08054051344/08165456551

_Thanks_

Land Measurements

1⃣ *UNDERSTANDING LAND SIZES AND MEASUREMENT*

Most people who purchase land in Lagos and elsewhere don't really understand the meaning of these Real Estate terms. As a potential buyer wishing to buy a land or build a new house you must be conversant with a few of these figures. The first hurdle is to understand the system of Land measurement in Nigeria.

In Nigeria today, Land is measured in Hectares, Acres, Meters and Feet. These measurements are affected by factors, which include development pattern, human and environmental factors.

 2⃣ Let's start by asking what is the size of a standard plot in Nigeria?

According to the dictionary meaning of a plot: A plot is a marked out piece of Land for the purpose of building or farming. The word 'plot' is an arbitrary term used to describe a land division carved out for property development.

The size of a plot can vary for different reasons but according to Nigeria's land division, the appropriate plot for a house construction is 50 x 100ft which can accommodate a standard house with a small compound. To better understand land divisions used in Nigeria, different units of area are used as follows:

: 3⃣ *HECTARE*
A hectare is one of the least known metric units and one which potential buyers and Estate developers seem to struggle with -

It is a land measuring:

👉🏿100m x 100m OR
👉🏿328ft x 328ft OR
👉🏿10,000 sqm OR
👉🏿Two and half acres OR
4⃣ *ACRE*
An Acre is a standard unit of measurement used by Land sellers and it is almost equivalent to the size of a standard football field. An Acre is a product of any rectangular plot of land giving a total of:

👉🏿4,046sqm OR
👉🏿43,560 sq ft OR
👉🏿6 plots (each measuring 60ft x 120ft

 5⃣ *PLOT*

In Lagos State, the standard size of a plot is 60ft x 120ft (18m x 36m i.e. 648 sqm), while in some other cities of the country, plots are measured in 50ft x 100ft.
However, plot size of most of the estates we market for is 600sqm.
This is basically because they have to make allowance for infrastructures on the estate which include  road network within the estate, sewages, playground and other facilities to be provided.

11 THINGS YOU NEED TO KNOW BEFORE BUYING LAND IN NIGERIA

11 THINGS YOU NEED TO KNOW BEFORE BUYING LAND IN NIGERIA

Buying land in Nigeria especially in Lagos can be a very difficult decision to make. But in this post I will highlight the 11
things you must check that will help you to make better decision.

As a Real Estate Consultant in Lagos, who has helped a lot of people buy and sell their land here in Lagos. I have come to really understand that before buying Land that there are some things you need to carefully consider.

The FAQ question my clients always ask me first and I know you are also asking that question too is:

*What Title does the Land have?

I know a man who bought land from the owners all papers was complete and he went ahead to build and moved into it, only for him to receive a letter from the Government saying he should vacate the house as his house has been marked for demolition.

He couldn’t believe his ears, according to the letter he was building what is not allowed in that area.
The government had already marked that area as an industrial area. So building a residential home was not accepted.

So most times it is not always about the land documents alone that you need to check before buying land there are a lot more and that is what I will be revealing to you in this article.

Do follow me to the end and don’t forget to share this post as you do not know who needs this article…

Number #1: Location.

Location is the number one thing to consider when buying land in Nigeria. This is the foundation to other things you need to check.

The location will determine what value the land will be in the future because a land in a developed area will cost more than a land in developing area.

Another reason to consider location when buying land, is that you need to consider if the location of the land is fast attracting development.

No one will like to buy land that the location is slow in developing.

My advice when trying to consider location:

1. If you’re making an investment, don’t buy land with no resale value.

2. If you’re aiming on starting up a business, don’t buy land completely isolated from potential customers.

3. If you’re looking to build a house, don’t buy land you can’t build on.

Number #2: Neighborhood and Landmarks

Yes you need to check who are going to be your Neighbors before buying land in Nigeria.

A lot of people make this mistake before buying land. The landmarks in that neighborhood are the key to how fast an area will develop and the value the land will appreciate to.

You should try and look 5 – 10 years into that Neighborhood and see what that area will become before buying land there.

Check to see if there are any notable Government or Private project going on or already started to operate as this will tell you if the area will develop fast.

Any Neighborhood you can find up to 5 World Class Landmarks weather in operation or still under construction then you are good to go.

For example if the government or an individual decides to build a notable landmark like factory or university beside your land, the value of that land will automatically go up.

That’s why you need to take this into serious consideration before buying land.

Another thing why you need to put this into consideration is to also help you check if at all you can cope with the development in the area when it finally comes for those who need to buy and build a residential home but if you are buying to resell then the development is going to be a big plus.

For example some people might not be able to cope with a plane always flying above their head why others love it.

Number #3: Environment.

Checking the environment will help to know the land you want to use for housing purpose is safe to live around, as you don’t want to live in a polluted environment.

You need to consider the environment where the land is located and know how it is currently affecting those living there presently in order to guaranty your safety while living there.

Make sure there are no toxic substances in the area, like refuge disposals, poisonous smell from farms etc.

Also make sure that the area you are considering buying land from does not experience seasonal flooding.

Number #4: Accessibility.

You might be saying that this is not important, but you will know how important to check if the land you bought is not accessible and you now have to beg your neighbor before you can access your land.

Always make sure that the area has good road network before buying the land.

Number #5: Security.

You need to know how secure the area you are planning on buying land into before buying land there.

Look to see if government has provided adequate security for that area. Also check to see if the community itself has a way of tackling security challenges.

You can also ask people leaving around there to know if the area is peaceful and does not get harassment from rubbers and hoodlums.

Security is a vital issue and must be considered when buying land.

Number #6: Zoning Restrictions.

It is important to know the zoning permits of the area you are trying to buy land from as this will help you to know what government plan for that area is.

You will not be allowed to build a factory where government has already marked for residential building. You need to know this so you do not have issues with the government in the future.

Even if the area is for residential building, know the kind of building the government permits for the area.

Building a sky scraper in an area where government says build bungalow is going to make you have issues with the government.

Number #7: Soil Quality and Composition.

Soil quality and composition will determine how you will build your new house or your new factory.

It will tell you the kind of additional money you will spend on the land when the time comes. It will tell you if you will need to do any land filling.

When it comes to building, soil composition can impact:

• Cost of building foundations

• Amount of earthworks required

• Stability and land retention

Number #8: Size of the Land.

You need to also check to know if the size of the land corresponds with what the owner says it is.

The only way to do this is to get a surveyor who will come and survey the land and get the actual measurement.

Do not just assume because the owner says it one plot that it is one plot make sure you confirm.

Even though it will cost you money but it is better you did and be sure of what you are buying.

That is why I recommend buying land from an estate this will cut away a lot of things and also make sure you are free from any Omonile Wahala (problem).

Number #9: Legal Documents.

After you have checked the above list, the next thing to check is the Legal documents that the land has, by this I also mean the Title of the Land.

When buying land you must check to be very sure that the land you are planning to buy is genuinely registered.

A lot of people think that the best document to check for is the C of O (Certificate of Occupancy). but this is not good because any land with C of O in Nigeria only has 100 years to be used before the land comes back to the Government.

So imagine that the land you are planning to buy has already been used for 30 years before now, that means you only have 70 years to use that land.

The main documents to check for is the Survey Plan, Deed of Assignment, Excision and Gazette.

This will help you to know if the land is under government acquisition or Free, you will also know what the land can be used for with the help of these documents.

Notwithstanding, you can still buy a land and register it yourself but make sure you are buying it from it’s genuine owner.

Number #10: Price Of Land.

All other things I listed above will determine what the price of the land should be.

For example Land without any title can never be priced the same as Land with C of O.

Because each of this titles cost money to get, therefore the owner will definitely add these expenses to the cost of the land.

Also the location of the land has a lot to say about how the land will be priced.

So with this information you can check to know if the owner is over pricing the land or not.

Number #11. Real Estate Consultant.

A Real Estate Consultant is someone who is into Real Estate business and has the knowledge of real estate investment, who offers all sort of advise when it comes to real estate, so as to guide you through your real state investment.

This is a very important aspect of Real Estate investment. He will make every thing easy for you.

ATTENTION PLEASE 

For proper CONSULTANCY CONTWCT THE OVERFLOW PROPERTIES: 

WEBSITE: www.theoverflowproperties.com.ng

EMAIL: info@theoverflowproperties.com.ng

PHONE/WHATS APP : 08165456551

FACEBOOK: The Overflow Properties

INSTAGRAM: theoverflowproperties

LINKEDIN : THE OVERFLOW GLOBAL PROPERTIES & REALTORS LIMITED

TWITTER: The Overflow Properties

Prosperty garden

*PROSPERITY GARDEN ILAGBO, IBEJU LEKKI*

If you are looking for a property to buy with a good title document with great development, you should consider Prosperity Garden.

Location: Ilagbo, 10 minutes drive from the lekki free trade zone.

*Land Title:* Govt Approved Excision.
*Normal Price* - N2,500,000

 *Promo Price* -
600sqm- N2,000,000
300sqm- N1,000,000

*Installment 3 Months*
600sqm- N2,300,000
300sqm- N1,150,000

*Installment 6 Months*
600sqm- N 2,600,000
300sqm- N1,300,000

*Initial Deposit-N800,000*

*ESTATE AMENITIES*

- Gate House
- Perimeter Fencing
- Good Road Network
- 24/7 Security
- Good Drainage System
- And many more

*NEIGHBOURHOOD*

- Free Trade Zone
- Dangote Fertilizer
- Lekki Deep Sea Port
- Kallogs International
- Power Oil
- Dangote Jetty & many more

For payment details and inspection call/whatsapp 08165456551/08054051344

#quityourlandlord #cheapestland #cheapland #theoverflowproperties #ogaforproperty #affordablelandsinlekki #naijaproperties #lagosproperty #realtors

BE WISE ENOUGH !!!

Be wise enough to invest in the developing area before it get developed so you can get massive return later. 

Question: where are the developing areas?

Answer: Ibeju Lekki is one of the developing areas we have in Lagos of today.

What make Ibeju Lekki special?

Answer: These are some of the features that make Ibeju Lekki special(things the makes it a fast developing area)

*Lekki Free Trade Zone (LFTZ)* : The fastest developing free trade zone in the world that has risen to about N100 billion in the last ten years.

*Lekki Deep Sea Port* : Africa second largest Deep-Sea Port estimated at a cost of N325 billion and expected to be delivered in 2019

*Dangote Refinery* : The largest Single Refinery in Africa expected to produce 650,000 bpd after commissioning

*La Campane Tropicana* : An Africa Beach Resort with modern luxury

*Proposed Lekki Airport* estimated at a cost of N7.1 billion.

with lots of multinational companies already troping there.

By the time all these have been completed then lots of people will want to be at Ibeju Lekki, then all those who has invested there will be get very! very!! Good return on their INVESTMENTS.

*For further enquiry on how to be part of these* contact The Overflow Global Properties & Realtors Limited.

website : www.theoverflowproperties.com.ng

Email: info@theoverflowproperties.com.ng

Facebook : The Overflow Properties

Instagram 

Phone no: 08165456551

What's app: 08165456551 

#estate #forsale #deal #available #cheapland #naijaproperties #cheapestland #affordableestate #theoverflowproperties

PEAR COURT

*YOU ANTICIPATED IT NOW HERE IT IS💃🏻💃🏻💃🏻*

📯📯🎸🎸🎺🎷🥁🥁🎹🎤🎤🎧🎧🎼

*The biggest deal in estate development just arrived🤣🤣🤣🤣🤣🤣🤣🤣*

NOW WE UNVEILS OUR NEW AND DASHING ESTATE *PEARL COURT, POWE ELUJU, IBEJU-LEKKI.*

*Why is it Dashing????*
🔶 It is 100% Dry✔✔
🔶 It is Buy & Build✔✔
🔶 It comes with C of O✔
🔶 It's Instant Allocation✔
Chai!!!!! All these☝🏻☝🏻in one estate😳😳😳😳 yes you heard right.

What more can you desire in an estate??🤷‍♀🤷‍♀

Plot sizes available: 400sqm, 450sqm and 600sqm.

*PAY N1M MONTHLY FOR 12 MONTHS TO OWN A PLOT* This is for the first 6 clients to subscribe.

Buildings for sale coming up soon in this estate.
^For enquiry contact* 08165456551/08054051344
#pearcourt  #cheapland #cheapestland #affordableland #affordableestate #theoverflowproperties  #naijaproperties #naijarealtors #lagosproperty #lagosrealtors #ibejulekkiproperties

INSPIRATION

*SATURDAY MOTIVATION*
What are you building?' A bungalow, a duplex or skyscraper?
---
On Saturday, I went to see my bro, Steve Harris and we reminisced over how God had been good to us. As we spoke, we also went over our years of struggle in business long before this phase.
---
For a number of years, we had it rough and we kept wondering 'when would our hard work pay off'. We laughed over the fact that some think we are overnight successes. Oh! little do they know.
---
That evening as I drove home, I asked 'why did it have to take time? Then I heard in my heart 'it depends on what you are building'
---
You see the architectural plan for your life is in God's hands. So he knows the SIZE of the building and if it is massive, he knows you need to keep going DOWN before you go UP.
---
Building a foundation is the least noticeable part of the building. Invariably, you are working hard (going down) with little visible results (going up). Whilst this is happening, do not fret at other people's visible results if you are building a skyscraper.
---
The same way buildings 'show up' because we did not notice what was going on behind the covering and scaffolding, that is precisely how you would show up and people would assume you are an 'overnight success'.
---
So again I ask 'What are you building?'. Keep this in mind whenever you feel the urge to complain or compare yourself with others.
---
*The man who has a crane on his site is not intimidated by his neighbour's newly completed duplex.*
---
#Inspiration #Motivation #Wisdom

Best Investment oppotunity

The Overflow Properties:- Are you still wondering what or where to invest your MONEY?
I’m telling you...REAL ESTATE!!
Whether buying to build or for INVESTMENT purposes, You are ASSURED of fast and high returns on INVESTMENT within SHORT period .
INVEST YOUR MONEY WISELY!
With as low as 600,000 naira you can 0WNa plot of land in the newly and fast developing Ibeju-Lekki area of Lagos state.
This area has many upcoming DEVELOPMENTS including ;
*Smart City (a Lagos State Government Project)
*Dabgote Refinery (will take 600,000 employees)
*Lekki Free Trade Zone (camping about 60 Chinese Companies)
*Lekki International Airport
*Several International Manufacturing Industries
*Power Oil
*Several Residential Estates
*Amen Estate
*Several Beach Resorts
*La Campaigne Tropican Resort
    Available Estates :
*GREENFIELD COURT 2* - N600,000
*PRIME PEARL *-N600,000
*ROYAL BAY*-N650,000
*MAPLEWOODS*-N650,000
*LEKKI PEARL GARDENS 2*-N800,000
*YORKVILLE 2*-N1,800,000
*GREENFIELD COURT 1* -N2,500,000
*GREEN BROOKS*-N7,500,000
*PEACH PALM*-N9,500,000
*LEKKI PEARL GARDENS 1*-N10,500,000
*AMEN ESTATE 2
*-N15,000,000
COME AND BE A PIONEER INVESTOR!!
*CALL or WHAT’S APP* 08165456551 FOR MORE INQUIRIES!!!