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What to Look for When Buying a Home in Lagos – Beyond the Price Tag

Newmap Realorst > News > Resources > What to Look for When Buying a Home in Lagos – Beyond the Price Tag

What to Look for When Buying a Home in Lagos – Beyond the Price Tag

Posted by: newmapadmin
Category: Resources

Buying a home in Lagos is more than just finding a property that fits your budget. It’s a significant investment that requires due diligence to avoid future headaches. Here’s what you should consider before signing that dotted line:

  1. Title Documents and Legal Verification
    Ensure the property has valid documents such as Certificate of Occupancy (C of O), Governor’s Consent, or Registered Deed of Assignment. Engaging a real estate lawyer or firm like Newmap Realtors can help avoid land disputes or scams.
  2. Location and Infrastructure
    Is the area prone to flooding? How accessible is it during peak traffic hours? Does it have good road networks, water, and electricity supply? Areas like Lekki Phase 1, Chevron, and Orchid Road score high on accessibility and infrastructure.
  3. Neighborhood Quality
    Consider the safety, serenity, and amenities around the area. Is it close to schools, markets, or hospitals? What’s the demographic like?
  4. Developer Reputation
    For off-plan purchases, research the developer’s track record. How often do they deliver on time? Are their previous projects of good quality?
  5. Cost of Ownership
    Beyond the purchase price, factor in service charges, estate dues, and possible renovations. Understanding the total cost helps you plan effectively.

Newmap Tip:
We don’t just sell houses — we help clients make informed, confident decisions. Reach out today for personalized property advice.