So Which Should You Pick?

Deciding on the type of material your furniture should come in is a major decision in home furnishing. This is often the first step you take after renting an apartment or buying a house. Choice of material should depend on the room, how roughly is going to be used, age group using it and your environment. You would want to ensure your furniture (sofas, couches and chairs) reflects your taste and personality. But before you pick which bests suits you, you may want to consider the following:

Comfort: No matter what kind of material you choose, comfort-ability is important and the type of material used, cushions and the furniture frames play a huge role. (have you ever sat on nice looking sofa/couch with unequal legs?)

 Leather materials absorb heat more quickly and feel warm after sitting on it for a while.  If you are a fan of leather and your purse is restraining you, you may want to check out faux leather. It is very resistant to wear and tear, looks just like leather and is less expensive and it can be in any color.  The only thing is that just like real leather it gives a sticky feeling especially when the weather is very warm. If you want any type of leather sofa in your living room, ensure the room is well ventilated or you have the room fully air conditioned.

In warm climes like Nigeria, Fabric is generally more comfortable than the leather materials and they come in lots of shades and tones. Their texture can be coarse, smooth, firm or soft. In using fabrics you may want to consider cotton fabrics or micro fibers which are a blend of cotton and polyester which makes it durable.

FABRIC  MATERIAL

Maintenance: The quality of the type of material largely determines the life span of in terms of wear and tear.  A low quality material will surely wear and tear within a short time. So whether leather or fabrics just ensure it is of a premium quality.

Natural Leather is unarguably in a class of its own. They are built to last especially when coated to prevent scratches, fading and spills. It is easier to clean a leather and faux leather material but is vulnerable to sharp objects and metal edges when it is not coated. It can be damaged easily by claws of heavy pets.

 Fabrics such as micro fibers are more durable and easy to maintain. Micro fiber is commonly used in home with young children because of its durability, price competitiveness, and maintainability. Fabric materials need consistent care from dust and stains. In choosing a fabric material, a family with young children may want to consider dark shades or hue that can hide stains and dirt.

ORIGINAL LEATHER                                              FAUX LEATHER

So which would you pick?

Basic steps to land acquisition in Lagos State

Shelter is one of the fundamental need of man. Hence the desire of many to acquire landed properties to meet this fundamental human need. The desire to meet this need however comes with a process which if not followed or properly deployed can frustrate the quest for acquiring landed property  especially in a mega city like Lagos.

The following steps should guide you in the  acquisition of landed property in Lagos:

Count the cost,have a budget: Acquiring a landed property is not a child's play. Many have rushed into acquiring landed properties without critically counting the cost of purchase . Buying a landed property does not end with the cost of the land. You must consider other costs such as  legal and agency fees, cost of survey, cost of obtaining land information, cost of documentation with the Government, developmental fee( when you buy within a privately developed estate ) and probably fencing. All these costs should be included in your budget which will invariably guide your choice of location and size of landed property. 

Knowledge of the property market in your preferred location: To get the best value for your money,where you invest you money in acquiring  a landed property is crucial. Every location has their peculiarities hence the property value. Equip Yourself with relevant market knowledge viz a viz your investment goal/purpose.

Seek to know who is selling: With different stories of fraudsters selling properties under guise of being an estate agents, son, daughter, husband, wife to the land owners, it is important you seek to know who is selling or authorized to sell. Does such a person have a legal document authorizing him/her to sell? Read in Punch newspaper sometimes in July 2017, of an old woman who won legal battle against the person who bought her landed property sold to him by her only daughter without her consent.  Never be in a hurry to buy seek to know who the land/property owner is and be sure of the credibility of the real estate agent.


Conduct a Search: Many unsuspecting investors have fallen victim of " we already have a post dated cheque for the property but if you can make payment before the date then the property will be yours" many have lost money to this scammers in a bid to rush and pay.  Conduct a  thorough search with the state government  to verify the true ownership of a landed property,whether the land is free from  government acquisition or not, if it is under litigation or has  any other issue. A visit to the Lagos State  bureau of lands in Alausa will be of benefit to you.

Making payment: After confirming the authenticity of the property by verifying the true ownership and genuineness of the real estate agents, you can then go ahead and make payment for the landed property to the property owner or representative. Ensure you obtain your evidence of payment (receipts), duly signed contract of sale, deed of assignment,survey plan, originals of all registered titles such as Certificate  of Occupancy, Governor's consent e.t.c, building plans (for an existing building) and original of all relevant documents.

Register your newly acquired landed  with the Government: The property you purchased becomes legally yours in the eyes of the law when you register your documents with the state government.

 This is the most important process in the acquisition of landed properties. If the landed property does not have a certificate of occupancy, you file in your document for one but  where it already has  certificate  of occupancy all you need to obtain is a Governor's consent.

Contact Yemisi on +2348055213225, +2348093165249 for more details and site inspection.

Introducing Walton Gate Estate

 1 Minute video  introducing  WALTON GATE ESTATE, 

Location: Sangotedo, Lekki, Lagos.

Price:N18M/Plot. 10% discouunt on outright purchase.

Size: 600 Sqm Per Plot

Title:Gazette .

Benefits:

•  Drainage.
• Perimeter fencing
• Good road Network
• Portable water.
•  Electricity, 
• Fitness and Sport center. 
•  Children playground

 Payment plan option available. 

For site tour and more details kindly call 08055213225, 08093165249 

Who Is A Real Estate Developer?

 

A Real estate developer is any individual or group of people that buys and develops buildings, houses or land and sells them with the aim of making profit. The developers creates, imagine and organizes and controls the development from the beginning to the final end. 

Since everything to do with building a home starts with the land, Real estate developers are constantly looking for available land (or property not yet on the market) that is suitable for a new home neighborhood. This may be a swampy area, reclaimed land from the sea or ocean, fringes of urban areas, an open field, wooded land or a mountainous area.
Real estate developer can invest years and huge amounts of money to acquire individual parcels of land from many land owners just to create a new community/estate.
The developer creates an overall Plan for the community. He decides his target market (high income earners home buyers, middle income earners home buyers, Low income earners home buyers) and this singular decision determines what types of new homes to build. The complexity of the developments and type of building would inform the type of construction company  to select for the new development

 The developer prepares the site for building. The first step is obtaining government approvals (Layout plan, drawings, building, e.t.c) needed to build on the property. The site may need to be re-zoned for single-family and/or multi-family homes.
Once the estate master plan has been approved, the developer will have the land graded for proper drainage and erosion control and install the roads and underground infrastructure such as water, sewer and utilities. Next, come streets, curbs, sidewalks, street lights, signs and fire hydrants and all other  important details that create a habitable community/estate, which builders and ultimately homeowners will share and rely upon.
The developer may also provide common estate amenities such as an estate clubhouse, pool, fitness center, standby power generator, playground or even a mini shopping mall.
When the developer provides the amenities as mentioned above either fully or partially and decides to sell, such are referred to as “fully Serviced” or partially serviced plots. 

Some developers may decide to go the route of “build and sell” where the developer acquire land and build houses which most times are of the same design/style and size. Here, the houses are completely finished before selling them.  Buyers of houses in such estates may not be allowed to alter the exterior of the houses just so that there is uniformity in the exterior of the houses within the estate. However, there are some developers who design and build the shell of the houses only. They allow buyers to carry out the finishing of the houses themselves. 

Now that you know who  Real estate developers are, here are some estates for you to acquire plots of land to build your dream home or simply hold for investment purpose:

 For more details and site inspection please call/whatsap +234 8055213225, 8093165249 

Making Money from Real Estate

Real Estate is growing in Nigeria and the good news is it is not an exclusive right of anyone. Everyone can invest in the sector irrespective of how much you have and you can still make a huge profit or earn for life from it.

You don’t need to have millions of naira stashed somewhere, with just a few tens of thousands of naira and your willingness to make reasonable sacrifices or adjustments here and there you too can join the league of smart Real Estate big wig!

Here is how:

Bare land leasing:this simply means buying a land in a good or strategic location and lease it out for a temporary use.  You can get a business (carpark, event center, car wash, mechanic workshops etc.) or religious organizations to put up a temporary structure for a short or medium term lease. This can bring you monthly or yearly rent as the case may be.

Rentals: You can build a house and put it up for rent, get paid yearly for a life time. Building a house doesn’t have to be only residential.  We have commercial buildings such as Event center (brings you money weekly), office spaces, shopping malls/ complexes e.t.c

Property development: Now, this is where the "timid”dare not thread (meaning if you are not willing to take risks). This involves acquiring land in choice locations and developing it in to luxury apartments, detached houses, residential estate or commercial buildings and selling them off at a handsome profit.

Real Estate flipping: you can make substantial profits from flipping real estate which comes from either buying low or selling high. You can buy a bare land or a rundown property and sell it for a quick profit. 

A smart investor can take advantage of a house because of its condition (owner can’t afford or not willing to carry out repairs or major renovations,) or where the owner need cash quickly and need to dispose a landed property either due to relocation, medical treatment or for any other reasons.

The investor carries out necessary renovations and repairs and makes a profit by selling quickly at a price higher than the discounted price he bought it.

Join the league of Real Estate investors today! Invest in: 

Arium Estate, Abijo GRA @ N7M Per  Plot.

Orangeville Estate,Ogombo,Via Abaham Adesanya 

 @ N8M Per Plot

 Westwood Park Phase 2 Sangotedo behind Novare Mall

                          @N12M Per Plot

Urbanbase Estate, Bogije @ N10M

Payment plan options available.

Discount on outright payment

Kindly call +234 (0)8093165249, 8055213225 for enquiries

 and Site inspection      

Maintenance Work In Progress

My first visit to Victoria Island was in 1997 as an intern in a real Estate firm in Victoria Island, I was captivated with the so many beautiful residential and commercial edifices sprawled all over the Victoria Island and its environs. Driving around the same neighborhood in the Victoria Island after Twenty years I observed with nostalgia the state of some of these properties. Some of them have not seen a coat of fresh paint in recent times and on closer look one would observe that minor defects such as cracked/broken window glass, broken water pipes, loosed facial boards or plastering works coming off in some places.

This experience is not limited to the Island area only it is what we all see around us maybe even in the building where you presently live.  

In a document released by the Federal Ministry of Works and Housing (FMW&H) in 2003, maintenance is defined as a means of correcting deficiencies that have developed as as result of age and use.

It can also be defined as the act of carrying out works to keep or restore a building to a standard for its present and its intended use. Maintenance includes repairs which is the act of putting right an element that is defective in a property.

The aim of maintaining a building is to preserve a building in its initial state, as far as practicable while retaining, where appropriate, its investment values and presenting a good appearance, so that it effectively serves its purpose.

Maintenance begins the very day a building contractor hands over the property to the owner.  Design, quality of building materials workmanship, function, and use more often than not determines the amount of maintenance required during a lifetime of a building.  Building will rapidly decay and degrade when building maintenance has been neglected over a period of time. 

  Maintenance can be classified into 2 major headings Preventive or Emergency.

Preventive Maintenance is to ensure that minor defects and hazards are identified or discovered early and repairs carried out promptly to prevent them from becoming a serious issue that can lead to failure of a building component, endangering lives and becoming very costly to rectify. After all prevention is still found to be better and cheaper than cure. For example replacement of faulty water faucets and electrical sockets, replacement of broken window glass or plastering of cracks.

Emergency Maintenance: this is a prompt action taken when there is unforeseen breakdown of an element which if not attended to on time, can lead to loss of the property or endanger the health and safety of the occupants of such buildings. For example collapse of a fence or a water leak on the walls due to burst pipes. 

Maintenance is not just the responsibility of the building owner but also the occupants/users. The occupants of the building should ensure all fittings, drains, sewers, pipes, sanitary and water apparatus and fixtures within his/her premise are in good tenantable repair and condition. 

Maintenance of a building is deemed necessary for it to command its rental value. Both landlord and tenant must embrace maintenance to enjoy the best value for money. 

Here are exciting offers for you:

White Oaks Estate

Location:Osoroko town, 7 minutes drive from Dangote Refinery, Ibeju Lekki

Price: #4M per Plot

Title: C of O

Gracevile Estate Phase 2

Location: Oju oto Community 8 minutes from Dangote Refinery, Ibeju Lekki. 

Price:#3M per Plot

Title: Gazette

Brooksville Courts

Location: Ibeju Agbe town, Ibeju by the proposed new International Airport

Price#3M per plot

Title: Gazette

 Royal Flourish Park

Location:Eluju  Town by Bogije Ajah.

Price:#5.5M per Plot

Title:Gazette

 Flourish Royal Garden Phase 2

Location:Okun Folu, Ibeju Lekki

Price: #2.5M

Title: Excision and Gazette

Luxury Homes Estate Phase 2

Location: Akodo Ise, 4 minutes after La Campaqne Tropicana Beach Resorts. Ibeju Lekki

Price:#750k per Plot

Title: Excision in progress

For more details and site inspection, Call Yemisi on 08093165249 or Whatsap 0n 08055213225