CONSEQUENCES OF LIVING IN COSTLY APARTMENTS

Beautiful apartment with all the necessary modern facilities such as heater, glittering tiles, screed walls with P.O.P, charming chandeliers, all master bedrooms, foreign ward-rope, expensive kitchen cabinet, interlocking  compound, swimming pool, security post,  etc , appeals to everyone. However,  not everyone can afford it.

HOW POOR BUILDING PLAN LEADS TO REDUCED VALUE OF A BUILDING

This article was inspired by a property situated in my jurisdiction. The dimension of the land is 100ft by 200ft dimension. It stretches from one street in front to the other at the back. The backyard of the house is close to the street at the back.

BUILD OR BUY A HOUSE: FACTORS TO CONSIDER

In order to answer this question effectively, I need to walk you through certain factors. So  a thorough comparative analysis will help you  see the situation from different perspectives. This will guide you in making the  right decision you will be happy with. 

BUILDING A DUPLEX? FACTORS TO CONSIDER

Have you ever thought of building a duplex? That would be a good idea. Having an elegantly built duplex reflecting the glory of a palace is certainly a dream you can’t wait to fulfill.

THE RISK OF INSTALMENTAL PAYMENT FOR PROPERTY

In this day, you need to exercise great caution in the spending of your hard-earned money especially regarding the purchase of property. You may have a strong desire to acquire a property but don’t have the full sum of money for it.

HOW TO KNOW A PROPERTY UNDER DISPUTE AT A GLANCE

If you are buying a land  in any community, you have to tune up your five senses to sniff up evidence in the environment about the true state of the land.

LAND STRUGGLE- WHAT YOU MUST KNOW

Land struggle  can best be described as a situation where two or more people cling to or lay claim to a particular property. Each person believing strongly that he is the rightful owner of the said property. In some cases, this situation is initiated when greedy land speculators sell the same property to multiple buyers using the same title documents.

5 WAYS TO CONFIRM THE GENUINENESS OF A LAND BEFORE PURCHASE

You have worked hard  to  save some 
money. Now you want to
embark on a building project. But first,
you  need to acquire a land. You started to 
 scout for a land in a
good location. 

THE DOWNSIDE OF INORDINATE SECURITY CONSCIOUSNESS

A healthy dose of security consciousness is not out of place. The following are basic security steps which everyone likely abides by: locking your door when going  out, not leaving any item that would attract any unrighteous person, been wary or careful of strangers who are loitering around, etc.

QUIT NOTICE- WHY IT IS ISSUED

Quit notice is a term that describes a landlord's action that requires the tenant to vacate the premises or apartment before or upon the expiration of rent. In most cases, the action is initiated when the tenant is found wanting in one area or the other. 

Consider this scenario: John (not his real name), rented a 3 bedroom apartment at Ugbighoko. For a while, he lived in peace with his family and landlord. Along the line,  his brother-in-law sent money to his wife. John decided to borrow the money to care for certain urgent needs. When the family of his wife heard about what transpired, they became bitter and furious. Suddenly, their relationship turned sour.

They started harassing John, bringing different tugs to his house. This led to quarreling which degenerated to a fight. Crowds gathered in the compound in attempt to resolve the issue. But that was not the end. They brought in police to arrest John.
Meanwhile, the landlord watched these happenings with disgust and disappointment. Hence, he issued the tenant quit notice, and the tenant promptly complied.

Another situation that could lead to a quit notice is when tenants willfully keep late nights. A landlord once told me that he quit his tenant because the tenant had the habit of coming home at midnight. They would come in groups with girls to the apartment. A situation similar to a brothel.

In view of the foregoing, if you don’t want your landlord to quit you from his apartment, then by all means avoid the situation described above. Also, stay out of trouble, be peaceable and law-abiding.
For property consultation, call 07054107283 or view our properties for sale here 

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WHERE TO BUILD - YOUR VILLAGE OR CITY?

You have to think deeply about the question above  if you stay in a place other than your hometown. This has become an issue because I have seen certain persons spend all their financial resources to build a house in their hometown, and in the long run,  they don’t relocate back home  to  stay there. The house then lie in waste while they remain a tenant in the city. This would not have been a problem if there  was money to build houses in different places.
I know a man in Lagos, who built a house in his hometown in Delta State. Although he is late now, his family are still in Lagos paying rent while their house remain unoccupied in the village. At certain  point they  had difficulty paying rent. Nevertheless, they still did not  move to the village where  they have a  free  accommodation. Perhaps they wondered how they  would survive in the village since they have been in Lagos for quite a long time.

HOW SOME TENANTS PUT AGENTS IN TROUBLE

When I was starting out as an agent some years ago, I met some landlords who told me they are not allowing agents to manage their property. I wondered why it was so. Later I started to understand their reasons. Some tenants are poor ambassadors, so to speak. 

A CAUTIOUS LOOK AT CAUTION FEE




Have you ever wondered  what caution fee means? This term is fast becoming very popular among landlords. Caution fee is a fee that prospective tenants are expected to pay which would serve as a financial replacement for any future damage done to the apartment. Property owners often claim that the fund is refundable on the condition of a damage-free apartment.