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| Relics of the building |
I have always emphasized
the need to seek the services of a consultant
before making any purchase of property. Nevertheless, it seems most clients do not
think this is important. Most often their mistake becomes so glaring after the
transaction has been sealed, and thereafter filled with regrets. A client fell
into this trap some months ago. A ten-room apartment(popularly called passage
house or face-me-i-face you) was marked up for sale. This client, whom I call
Daniel, decided to buy the house. The house
was on a 50 by 100feet land space.
Daniel paid 2.8million
naira for the property, although the property was old and would need a lot of
maintenance. Many months passed and nothing was done on the property. It became
clear to me that Daniel was a bit confused about what to do with the property. Before
long, I saw carpenters pulling off the roofs. I felt maybe he wanted to resume
renovation. Later, the windows were removed and it became obvious that there
was going to be a total demolition. That was how the entire building was
brought down. A foundation for room and parlour selfcontain (about 5 of them)
was laid.
On visiting the site, I
could not help but to wonder why he had to waste his resources this way. Consider
this: apart from paying 2.8million naira for the property, he also paid
labourers to demolish it.
THE HUGE MISTAKE
He could have bought a
fresh plot, say 50 by 100feet, which in that same area is 1million naira. Imagine
the difference: 1.8million. And not to mention the cost of labourers.
THE BOTTOM LINE
If you want to buy any
property you need to ask yourself these questions:
1.
Why am I buying this property?
2.
Is the property the right choice for me?
3.
Does it satisfy my need?
From the foregoing, you
need to avoid costly mistakes if you want to buy any property. Call 07054107283 or 07031384722
for a consultation. Drop your comment below
ALSO READ
How poor Building plan leads to reduced value of building
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ALSO READ
How poor Building plan leads to reduced value of building
Why you need a Competent contractor or Property consultant
How to secure your land against intruders