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Nairaland Forum / Nairaland / General / Properties / What Are The Things To Look Out For When Buying Estate Land (14147 Views)
Preventive Measures When Buying Land In Nigeria. / Documents To Ask For When Buying Land Anywhere In Nigeria / The Changing Skyline Of Lagos: 10 Buildings To Look Out For In 2016 (2) (3) (4)
What Are The Things To Look Out For When Buying Estate Land by Nobody: 4:28pm On May 04, 2016 |
Guys what are the tips and documents to look out for when buying estate land, particularly in abuja? I am interested in this goshen estate plot in pyakasa but men i dont just knw. I no wan enter one chance. |
Re: What Are The Things To Look Out For When Buying Estate Land by Trunaijian: 4:38pm On May 04, 2016 |
1. Title documents. ie. AMAC should be verified in AMAC, FCDA should be verifies in AGIS. Confirm the land use ie medium density, low or high density 2. Terms and conditions of the purchase. How much you need to pay before keys are handed over. Ask other subscribers. You usually get plenty info from already subscribed peeps 3. Quality of building. Is it worth the money being asked for? For others, you may ping me 08098503486 5 Likes 1 Share |
Re: What Are The Things To Look Out For When Buying Estate Land by Nobody: 5:12pm On May 04, 2016 |
Trunaijian: men thanks for your info, someone was saying many of the estate plot only have RofO which is usually issued by AMAC, however FCDA in many cases usually revokes such lands and that is where issues begins. And the infrastructure fees whahala. |
Re: What Are The Things To Look Out For When Buying Estate Land by Trunaijian: 9:41pm On May 04, 2016 |
overcomer123:if you can get ur hands on the copy of the title deeds, then we can verify. |
Re: What Are The Things To Look Out For When Buying Estate Land by Taeewo(m): 6:25am On May 05, 2016 |
Ffg |
Re: What Are The Things To Look Out For When Buying Estate Land by gist4kidsblog: 6:25am On May 05, 2016 |
Ok |
Re: What Are The Things To Look Out For When Buying Estate Land by Emeskhalifa(m): 6:27am On May 05, 2016 |
to me location matters most!!! then the class of ppl living there kindly check my profile for affordable data |
Re: What Are The Things To Look Out For When Buying Estate Land by adedam007(m): 6:28am On May 05, 2016 |
Re: What Are The Things To Look Out For When Buying Estate Land by Taiwopeters(m): 6:28am On May 05, 2016 |
Hmmmm.... So many things |
Re: What Are The Things To Look Out For When Buying Estate Land by KELVIN086: 6:39am On May 05, 2016 |
Ok |
Re: What Are The Things To Look Out For When Buying Estate Land by VocalWalls: 6:43am On May 05, 2016 |
Nawa o' Thank you OP for this post, this is a very revealing topic and the contributions especially by Omonigeriarere are wonderful. I'm not there yet, but i made sure to bookmark this post. Cost of Home Redesign |
Re: What Are The Things To Look Out For When Buying Estate Land by Blitz888(m): 6:43am On May 05, 2016 |
Takes sit with pen and jotter whilst waiting for the lecturers to show up.... I need to draw learnings |
Re: What Are The Things To Look Out For When Buying Estate Land by nbright: 6:47am On May 05, 2016 |
Observing |
Re: What Are The Things To Look Out For When Buying Estate Land by Nobody: 6:51am On May 05, 2016 |
I dont know but lemme tell about one day in class... Teacher: What do you do after school? 1st student: I go buy weed from Kwaku Wale. 2nd student: I always go buy cigarettes from Kwaku Wale. 3rd student: I pass by Kwaku Wale's place and buy akpeteshi. 4th student: Sir I stay home and do my home work. Teacher: Wow! You are a great student, I hereby nominate you as class prefect to be an example to the rest, what's your name again? 4th student: Kwaku Wale!!! 15 Likes 2 Shares |
Re: What Are The Things To Look Out For When Buying Estate Land by Adonis3: 6:53am On May 05, 2016 |
G |
Re: What Are The Things To Look Out For When Buying Estate Land by Sayelabola(m): 6:53am On May 05, 2016 |
I am happy you have come to seek advice prior to purchasing. All I could tell you is to get a LAWYER to do it for you. A Lawyer is your best friend in this regard. Good luck. 2 Likes |
Re: What Are The Things To Look Out For When Buying Estate Land by Sparkle777(f): 6:54am On May 05, 2016 |
Estates land in Abuja usually are stress free. The one I bought at Federal Housing Lugbes New site is okay. Just buy and build,ppl are already living there. The infastructural fee can be splitted and paid as u want. Its beta than the stress of getting ur own, imho. 1 Like |
Re: What Are The Things To Look Out For When Buying Estate Land by phoenix480(m): 7:03am On May 05, 2016 |
Trunaijian has answered your questions. First and most important thing is verification of land titles. You don't want to buy now and eventually lose it on something that could have been avoided. Also find out the Total costs which includes Documentation fees, Development /Infrastructure fees. The latter might not be paid immediately and can be as much as the price of the land (sometimes more). Find out what type of structures can be built e.g. Some Estates only allow a maximum of one storey building. After payment, do you get allocated your land immediately? (So many Estates take months before allocated as many do it in batches) Finally, ensure you visit the site before Payment. See and review the place before making such a massive investment. Don't stop asking questions (no question is stupid) overcomer123: |
Re: What Are The Things To Look Out For When Buying Estate Land by dejonathan(f): 7:06am On May 05, 2016 |
ojabel:What if someone wants to buy the land and him/her is not ready to build?,is it allowed? |
Re: What Are The Things To Look Out For When Buying Estate Land by opalu: 7:49am On May 05, 2016 |
In addition to the good answers given above, I want to add that you need to go with a Structural Engineer and a Soil expert. Buying land is not only about the titles. The documents may be perfect but the land may be a structural nightmare. Such lands will consume so much to do foundation. The same amount that can use to build a two storey building elsewhere you can use it to do only foundation. Then when you are given the quotes you vex or price it down thinking you are being duped. Two major factors determine the price of the building: The size/type of building and the type of soil. So when seeking to buy a land in an estate, consider the following - 1. The land documents. How authentic are there? A lawyer and land surveyor can help with that. 2. What are the facilities & services will be provided by the estate? 3. What is the service charge would you be required to pay in longterm ? Don't just focus on the price of land today. The land may be 200,000 but within 20 years the service cost may be up to N100m. So check the other charges that come with your choice of buying that land. 4. Check the soil nature and flooding levels. 5. Check the rules and regulations on that land imposed by the estate management. Some estates have same colours for exterior, some have building types that can be built etc. 1 Like |
Re: What Are The Things To Look Out For When Buying Estate Land by Nobody: 7:52am On May 05, 2016 |
Many tins |
Re: What Are The Things To Look Out For When Buying Estate Land by Afritop(m): 8:06am On May 05, 2016 |
overcomer123:LOOK OUT FOR THEIR CONTRACT OF SALE, IF YOU DONT WANT TO KIDNAPPED INTO THAT ONE CHANCE YOU ARE TRYING TO AVOID. MANY FICTICIOUS CLAUSE ARE IN IT |
Re: What Are The Things To Look Out For When Buying Estate Land by tunbebes(f): 8:12am On May 05, 2016 |
Please,I need your advice. A friend of mine is about to buy a land In Agbowa, Ikorodu,tomorrow. The estate surveyor incharge said the land has no C of O cos it's a Virgin land and it goes for 250k per plot. He said my friend will Have to pay 200k to get a survey plan (for 2 plots) in his name and later get a C of O. Please,is this a good deal? Please,how do I verify if the land is genuine? I know of town planning authority but can I go elsewhere to verify + how do I go about it? ThNks |
Re: What Are The Things To Look Out For When Buying Estate Land by vickylala239: 8:19am On May 05, 2016 |
The girl above me.....my land is verified... u can buy here:::::
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Re: What Are The Things To Look Out For When Buying Estate Land by AdaAnambra: 8:33am On May 05, 2016 |
overcomer123:No bi who get money day buy land. abegiiiiiii |
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