Monday, 12 June 2017

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
 





Friday, 9 June 2017

Office Space To Let In Victoria Island


                                 Office Space To Let in Victoria Island
250sqm and 260sqm Office on a the 1st floor of a new office building
Location: Corner piece on Adeola Odeku/Akin Olugbade 
Features
  • Ample Parking Space
  • 24 Hours power supply
  • working elevator
  • Fully Air conditioned
  • Rent:#90,000/sqm
  • Service Charge:#1,500/sqm
  •  

 For inspection and more details, call Yemisi on 08055213225.
 



Monday, 5 June 2017

Insurance and Your Building



On May 8th, 2017, a house of a prominent Nigerian in Ikoyi, Lagos was razed by a fire which destroyed the first floor of the house.
This is one of many stories of loss of properties and valuables due to fire incidents and other perils. Many have lost means of livelihood and have developed health complications due to such disasters.

Building/ property owners have a duty of care to themselves to secure their investments after all owning a building might probably be your largest investment. It is therefore key we realize how important it is to protect our assets which is the House we live in or the Property we rent to others.

Building insurance is a type of insurance that covers the cost of repairing any damage that is done to your building or house. If you own the building then it is your responsibility as the owner to have insurance, not the tenants.

Building insurance will cover any damage to the actual structure of your home that can be a roof, floor, and walls. A building/home owner insurance policy covers the cost of rebuilding/replacing the building in case of any damage due to fire or any other peril. 

Premium is the amount of money you must pay for an insurance policy. The value of the building and cost of replacing same in case of any eventuality are some of the factors considered in determining the amount of premium payable on a building. 

Make sure you have enough cover. Being under insured and not paying your premium on time can be a costly mistake.

Safeguard your investments.

Here are pocket friendly offers for you:

Bricks & Bars Estate is located 3 minutes after La Campaqne Tropicana Beach Resort, Ibeju Lekki, Lagos.
Title: Excision in Progress
Price: 600K per Plot


























Christal Villa Gold is located 4 minutes after La Campaqne Tropicana Beach Resort, Ibeju Lekki, Lagos.
Title: Excision In Progress
Price: 600k/Plot
PROMO: Buy 6 Plots and get 1 free Plot


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