Buying a home is an important phase in one’s life, that’s why buying the right home is quite a delicate matter when considered; apparently, like any area of personal finance, there’s no big secret to buying a house — but it does involve thinking differently and acting right than most people. Most of us want to own a home but the problem is we can get so eager to own a home, and that we start to compromise on things that are important—really important.
Today we would be discussing the steps to buying that dream home of yours, fully understanding major things to never compromise and the questions to ask:
- Start your research early on your local markets: As soon as you can, start checking out websites such as Abodeslagos.com, newspapers, and magazines that have real estate listings; take note of particular homes you are interested in and see how long they stay on the market, likewise observing any changes in asking prices as this will give you a sense of the housing trends in specific areas.
- Check your personal finances to determine how much you can afford for an apartment, while listing priorities in terms of each house facilities.
- Check in with your Mortgage bank to get pre-approved for credit facilities, we have quite a number of banks in Nigeria that provide such services.
- Contact Abodes Lagos as your agent: Real estate agents are important partners when it comes to one buying or selling a home and Abodes Lagos being the best and most trusted in Lagos, we provide you with priceless hacks on homes and neighborhoods that you are not likely to come across out there. Our knowledge of the home buying process, negotiating skills, and familiarity with the area you want to live in (our Lagos) has been proven to be extremely valuable to all our clients both existing and new customer. And guess what, best of all, it doesn’t cost you anything to use us as your agent as we are compensated at deal closure.
- Handle Inspections and make an offer: Now, when you begin touring homes with your real estate agent, you may be focused on the size of the yard or the square footage of the kitchen, but there are other attributes to a home that are even more important to consider when handling inspections, specific things to look out for and questions that you need to ask as a buyer include:
- Roof condition
- Signs of foundational damage: if the foundation of a home is damaged, you are looking at probably hundreds of thousands of Naira in repairs. Look for signs of cracking near the foundation inside and outside the home and pay attention to the grade of the floors for signs of unevenness, which may indicate a sinking of the foundation.
- Potential for flooding
- Mold, weathering and water damage: Take a peek inside the cabinetry for signs of mold growth around pipes. Mold growth may indicate a leaky plumbing system, previous flooding or improper ventilation. You should also look for other signs of water damage and excessive weathering, such as musty odors or peeling paint
- Insulation and energy efficiency: The better the insulation of a house is, the less you will have to spend on utility costs when it comes to heating and cooling throughout the year.
- Documentation: You don’t want to be caught in-between lawsuits over properties with injunctions or any form of legal dispute for that matter, a proper legal investigation needs to be carried out. But Hey! Stress not…. Our legal team is always at your disposal.
- General structural integrity and reliability; look out for piping networks, sewage disposal, wiring… just to make sure all is in accord.
You’ll want to be certain that you are making a good investment when you purchase a home, so you should avoid those with major problems as they will need costly repairs shortly after you make your purchase, which wouldn’t be good for you.
The other aspect are the questions that are not to be forsaken during an inspection which are:
- Are there any ongoing maintenance issues?
- How much do utilities cost on average?
- What’s the neighborhood like?
- Is the insulation in good shape? Simply means is the house well ventilated.
- Are there any upcoming replacement needs?
As easy and straight forward these questions are, they are extremely crucial in the decision making in one buying a home; however, there is a mistake most people make which is neglecting structural integrity for aesthetics. Painting your new house can be considered an act of basic remodeling but when it overrides the fact that an apartment is actually a great investment, it could be a huge loss to such a buyer. We advise always taking a double inspection of a place as a second visit is usually considered important.
Buying a home is important, even though one reaches a financial place where you can buy a house, one might buy a house he/she is not going to be happy about.
At Abodes Lagos, your satisfaction is our top priority, and we believe that there will be tight schedules in play for most of our clients, that’s why our team performs what we call a pre-inspection of all facilities and properties before you – our esteemed client – can come in for inspections, to make sure what we say is what you get.
For all your real estate concerns and enquiries kindly contact us today on +2348154280575, +2348023624714 and be sure to get a prompt response as we’ll love to entertain your questions.