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How To Buy Properties In Lagos

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Properties are what most of us have to think about at one point or the other. Money may come and go but properties, if well managed, will be there for the owner come rain, come shine; come recession, come pandemic. The only things that threaten properties are natural disasters and war. Most of these things rarely ever occur in this part of the world and getting the right information could even prevent them from happening. Of course one needs money to buy these properties but getting the money is one thing then knowing how and where to buy the property is another thing to carefully consider and plan towards.

Lagos state, Nigeria is a perfect place to buy properties. This is so because of the rate at which the state is growing in both wealth and population. Most companies operating in Nigeria and even Africa as a whole have their headquarters in Lagos. Some of the biggest markets in Africa and some of the most talented individuals in and outside the continent of Africa are in Lagos. Lagos state is truly a center of commerce and businesses. Things are moving at an alarming speed in Lagos. One can even get left behind if one does not make up his/her mind on time and act swiftly to get a share in this massive money struggle.

How To Buy Properties In Lagos

How To Buy Properties In Lagos

In this article, I take the time to analyze the steps to buying a property in Lagos. I hope that you would take this advice seriously and save yourself the pains of buying properties in Lagos blindly.

(1) Get the Money

The first that that you need to buy properties in Lagos is money. No business transaction can be complete without money with which to pay or get paid with.

(2) Have the Required Budget

Once you have gotten the money, you have to decide on how much you can buy a property with. What I mean here is that you should budget for the kind of property you can buy with the money you have. This is to know the kind of properties to fix your gaze and target on. The less distracted you are with other properties you don’t have the financial power to buy, the more you stand a chance in getting the ones you can really afford.

(3) Choose A Suitable Location

Lagos is Southwest of Nigeria but inside it, there are also east, west, north, and south. These are locations and it brings us to the third point which is location. In Lagos, you have to know where you wish to get the property. For instance there are two major locations in Lagos. One is called mainland and the other is called island. These locations contain majority of the cities that make up Lagos. Ikeja is in mainland Lagos while Ikoyi is in Lagos Island.

(4) Involve other People (to help you)

Once you have made up your mind about the location, you can now start the legal process of getting a legit property by hiring a good Lawyer. Whatever is concluded on words of the mouth usually does not take much seriousness as what is concluded on paper. You need a legal practitioner who will put your buying of the property on paper in case somebody wants to deny you ownership of your property in the future.

(5) Know More About the Seller and the Property

This is very important because some people these days who pose as sellers might just be fraudsters who do not have the authority to sell the property. So many people have bought properties and were happy that they had bought properties until someone just shows up. Before you know it there are legal actions on ground to claim the property back because the buyer obviously didn’t do his homework well. This often results in a severe loss for the ignorant buyer.

Also, ensure to inspect the property very well before putting your money on the line for it. Some properties are just bad goods polished on the outside but severely damaged on the inside waiting to be handed over to an unlucky person. It’s like buying problem with one’s own money. Bad thing about this is that even if you discover the mistake you have made, and that you have been sold a bad bill of goods, you can’t undo the transaction. Not after money has been paid and property has been claimed. The circle just goes on because they buyer also looks for another person to sell to or pays for the repair of the damaged property with his own money and that will be a big loss.

Related: How To Buy Property In Port Harcourt

(6) Inspect the Property Yourself

Some people make the mistake of buying properties without viewing the property themselves. Some may think because they have somebody doing all the work, they don’t need to stress themselves to come down and view it. Most times, this is what leads to the problem of buying something and regretting afterwards. Take time to go and look at the property you are buying and understand its anatomy in-and-out. It is very important. They (people) may say all the nice things about it but you may not like it as they say when you arrive at the spot; what you hear could turn out to be completely different from what you see.

(7) Look for Information Related To How Much Other People Buy Properties Of Such.

You can’t just let a buyer give you a price and you stick to that. You have to know by research how much it would cost before hearing if what the seller will say is outrageous or not. It is only after you have done your proper homework that you can now talk to the seller about price. This is the negotiation part. It is a common thing for people to give outrageous prices to things at first but as a knowledgeable person, you will know where to start your negotiations from. This is what will determine if you should buy or shun the property.

(8) Do Necessary Recording and Documentation

After everything groundwork has been completed, prior to the transaction, putting things down on paper is the final step. Both you and the seller should get the proper paper work done, with correct signatories and agreements instituted. Upon validation and completion of all the basics, the transfer of property to the new rightful owner would be done. This documentation is necessary to avoid or tackle conflicts in the future.

Conclusion

Securing your future is not just about saving money but also getting a property tied to your name. These kind of investments pay off in the most unexpected way. Time waits for no man. So, decide quickly and make a move to buy properties in Lagos that you desire today and need for future use.

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Ekemini Ekpo is a professional writer, blogger, and internet marketer. He is passionate about engineering, business, investment, entrepreneurship, finance, and personal development. When he is not managing web projects, he handles academic research writing and data analysis for individuals and organizations.

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10 Hot And Most Sought-After Investment Opportunities in Nigeria

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In Nigeria today, with the unavailability of white collar jobs many have resorted to other means to earn a living. These means include investing in a lucrative business. When deciding on a business to invest in, it is easy to get caught in the midst of indecision trying to weigh the odds of each idea. This article outlines 10 Hot And Most Sought-After Investment Opportunities in Nigeria.

Understanding Investments Just The Way It Is

There are multiple avenues for making money in Nigeria today. Today, I will be looking at just 10 of them, and these are what I consider the most lucrative investment opportunities in Nigeria today. My rankings do not follow any scale of preference nor rating. They are simply randomly placed in whatever order they find themselves. When it comes to investment, we are referring to the act of investing. So, what then is investing? Or what does the term, “investing” mean? That is, what does it mean to invest?

To invest means to layout cash or capital with the hope of generating income or profit in the future. It was Warren Buffet who several years ago, gave an implicit definition of the term to mean “the process of laying out money now to receive more money in the future”. This definition is not in anyway far from being realistic.

Using this definition, therefore, people invest or go into investments to make income or more income. This could be once or for a lifetime, depending on the kind of investment gone into. In this paper, therefore, we shall consider the short-term and long-term kinds of investments, from which you can pick the one that best suits your interest.

Say for instance that you have N1000 now. Imagine that you buy oranges with this money and sell these off at retail prices, thereby generating N1500 in the process. You see, you have made some profits. That’s investment!

If say, on the other hand, you intend to go into cyber café business. you begin by renting a space in town and later acquire the needed computer sets and Internet Services. This too is a form of investment, but the long-term type.

It is not enough to limit investment to merely making money or profits. It has more to offer than that. It makes more sense when your investment can create job opportunities for other people, thereby boosting the economy. At such stage, you are better termed an investor. There can be no significant economic boom without credible investments.

Understand however that for you to make any meaningful progress from investment, you need to do a careful study and have a vivid understanding of what you are about to go into. Else, you risk losing money, manpower and time in the process.

Do checkout what we have for you today below in details.

Hot 10 Most Lucrative Investment Opportunities in Nigeria

10 Hot And Most Sought-After Investment Opportunities in Nigeria

10 Hot And Most Sought-After Investment Opportunities in Nigeria

1.      Food/Catering Business:

Food is a major necessity for man, which makes food business one that can always yield profits when properly done. Food business cuts across several areas like restaurants, fast food, catering services, drinks supply etc. the list is endless. To effectively manage your food or catering business, you will need good managerial skills as well as good customer service to help foster customer relations as well as customer retention.

2.      The Housing Industry:

A shelter is one of the basic necessities of every individual. With new sites springing up, the need for housing and housing equipment continue to rise. Real estate agents are everywhere, define where you would like to fit in and define your niche

3.      Fashion Industry:

The fashion industry no doubt has been in the spotlight for some time now. With the advent of made in Nigeria brands and the outstanding designs produced by these brands, the fashion industry is another place to invest if you have a flair for fashion.

4.      Agribusiness:

Agriculture is also a good venture to invest in especially when done on a large scale. Although commercial agriculture can be capital intensive, it yields huge profits at harvest. Crops include rice, cassava, maize etc.

5.      Education:

Most Nigerian parents are on a constant for quality education for their children hence the advent of private school and universities. Investing in this sector promises good returns as long as people get value for the money they pay.

6.      Technological Gadget Business:

With the digital evolution, smartphones can be found in the possession of most Nigerians. Organizations need laptop gadgets for work operations. Game lovers have their PlayStation etc. These make the technological gadgets venture a great one to invest in.

7.      Automobile Business:

With the number of cars and motorcycles we see on the road daily, you need not be told that the automobile business in Nigeria is booming. The demand for vehicles is ever increasing both for individuals as well as corporate bodies. Although this business is capital intensive, it is a good investment venture.

8.      Music Industry:

Nowadays, you don’t need to have a great voice to fit into the music industry, there are so many roles one can fill. You can choose to set up a record label for talented young artists and promote them, just find your niche and set up.

9.      Transportation Business:

Transportation is a necessity for every individual, either for conveying of goods or persons. Therefore, investing in this business promises a good return on investment especially during festive seasons.

10. Digital Marketing:

With the high influx of start-ups as well as the need for old brands to keep up with current business trends, digital marketing has become a part of most businesses. This involves the online promotion of businesses and their products and services.

Whatever your interest may be, there is a business you can invest in. Find your niche, do your survey and take the risk. Happy investing!!

I hope your search has ben successful. Thanks for reading.

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Top Revolutionary Investments Opportunities In Nigeria

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If you have the cash and you are looking for some of the best enterprises to invest in Nigeria, then this article is for you. Nigeria is filled with limitless opportunities and commercial enterprises or entities which you can invest in and make lots of profits from. The businesses I shall be discussing with you briefly are time-tested and viable investment avenues which anyone with the mind to invest can reap many dividends from after some time. Let’s consider them closely.

Top Revolutionary Investments Opportunities In Nigeria

Top Revolutionary Investments Opportunities In Nigeria

Agriculture

Nigeria is a country with huge agricultural potentials, but due to the advent of oil a few years ago, this cash-spinning sector has been left to rot. The result, of course, is obvious as a country that was once feeding nations around the world cannot feed itself, let alone, others. There are many sides to agribusiness which you can take after. For example, you can go into poultry farming, which is one of the easiest aspects of agriculture with low startup capital and easy management requirements. The beautiful thing here is that almost all Nigerians consume poultry products in one form or the other.

Cassava farming is another aspect of agriculture in Nigeria that brings in lots of cash. Cassava is eaten by almost all Nigerians, in one form or the other, meaning therefore that if you go into it by way of processing Garri, Foofoo, starch etc., you are definitely going to make profits.

You can also go into rice farming, yam farming, animal husbandry etc. why I mention these aspects of agriculture in Nigeria is because they are the most sought after in the country.

Sales of Furniture and Furnishings

There is hardly a home you will visit in Nigeria that does not have at least one piece of furniture. Housing, after food discussed above, is one of the most basic needs of man. As such, everyone needs at least a piece of furniture to decorate the home and office. As such, you are not going to lose if you decide to invest in this line of business. you must not be a carpenter or a fashion/interior designer. By selling either or both local and exotic pieces of furniture, you are definitely going to make lots of proceeds from this business.

Haulage Business

Nigerians are currently making lots of profits from haulage business in the country. You too can make lots of profit from this business if you do it well. Haulage simply entails movement of goods and services from one place to another. Due to the unavailability of the efficient railway system in the country, many Nigerians have resorted to this route for easy transportation of their goods and services. You too can make money from this industry if you have the technical know-how on how it is run. You can haul agriproducts, petroleum products, cargos, etc. the list is endless.

Importation Of Tokunbo Spare Parts

Because of the large influx of vehicles in the country, going into tokumbo spare part business will not be a miss, but rather a hit. You can easily import these vehicle spare parts from Germany, USA, Denmark, Brazil etc and resell them here in Nigeria.

Oil And Gas Business

Limitless opportunities abound in the Nigeria oil and gas sector, which you can choose from. In this industry, you can decide to either own and operate a fuel filling station, supply diesel, petrol, and kerosene or just invest in one aspect of the business especially in crude oil supplies.

Of course, there is no questioning whether you will make profits from this business because, for a fact, you will. Nigeria has millions of vehicles which run on either petrol or diesel. These will need refueling to function. Many homes now use gas for cooking, and a greater proportion of the population depend on kerosene for either cooking or lighting their homes. As such, there will always be a market for business in the Nigeria Oil and Gas sector.

School Business

School business is big business these days. Since people will always be born, schools will always exist. As generations come and go, the school still remains where it is to cater for the benefits of the new generation. You are not going to lose if you go into school business. So, try it out today.

Housing Business

Every year new houses are built in Nigeria, and the old ones, reconstructed. Aside from houses, other forms of construction like roads, rails, bridges and other structures etc. are erected on a daily basis across the country. So, investing in the Nigerian construction and building materials industry is a good choice to make because of the huge business prospects. You are surely going to make good money from it if you start it today.

Online Advertisement And Marketing Agency

With the rapid development of Nigeria’s online terrain, more and more corporations and individuals are taking their businesses online. This is unconnected to the large influx of Nigerians to the online world. Starting an online advertising and marketing agency is, therefore, a great way to make ends meet as per investment initiative in Nigeria.

This business is, however, best for people who are knowledgeable in the workings of the internet and advertisements in general. You can always learn the trade no doubt, and find a way to break into and carve a niche for yourself in the online advertising market in Nigeria.

Has this article been impactful to you, please share this now. we looking forward to hearing from you.

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Crowdfacture Could Become The Tesla Of Africa

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Crowdfacture

Yes, Tesla (TSLA) is currently one of the top manufacturing companies in the world right now, yet it is so young compared to other manufacturing brands.

Here is why,

Tesla has managed to use modern technology to scale up and become one of the top companies in the world with over $700 Billion in valuation, making it the highest automobile manufacturer in the world and seconded by Toyota.

Some people call Tesla an overhyped company, but let’s appreciate the fact that Tesla’s competitive advantage comes as a result of its dedicated emphasis on research and development (R&D). In fact, many of its rivals have admitted that Tesla’s electronics far surpass their own—a teardown revealed that its batteries and AI chips are roughly six years ahead of other industry giants such as Toyota and Volkswagen.

On this end, Crowdfacture is an African-focused community-driven manufacturing and distribution company with a focus on food production and processing (even though it is poised to go into other sectors).

While Crowdfacture never made any claims about wanting to become the largest manufacturer in Africa, Let’s also appreciate the fact that this is a company that is first to design and build on this kind of business model around manufacturing where it gives anyone the opportunity to become a co-owner of a manufacturing and processing line for life.

Crowdfacture is not playing into car manufacturing like Tesla but got huge potentials and fast growth toward reaching its goals of helping solve the problems of Nigeria by improving local production and creating jobs for the unemployed Nigerians.

Just like Tesla, Crowdfacture is also leveraging on dedicated research and development (R&D) to launch its production lines across several sectors that is considered very vital and crucial to the economic growth of Nigeria.

The company is also promising to back 3rd party manufacturers to foster the growth of other promising manufacturing companies by dedicated founders/manufacturers.

If all things being equal and core goals delivered, Crowdfacture stands a chance to become a fortune 500 company on or before 2030 with a complex production and distribution chain across the shores of Africa.

I personally believe this will be a highly valuable tech company in Nigeria just like what Flutterwave, Paystack, Sumotrust and the rest have done in the fintech space.

It is time to produce and manufacture locally and cut down on the high import rate.

Join Crowdfacture and become a co-owner of a manufacturing line for life. Enjoy 30% dividend on your investment.

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