WHAT TO CHECK BEFORE BUYING A NEW PROPERTY IN NIGERIA.
Buying a property is one of the biggest financial decisions you’ll ever make. Whether it’s for living, investment, or commercial use, rushing into a deal can lead to regret or even legal trouble. In this guide, we break down the 7 most important things you MUST check before closing any real estate deal.
1. âś… Property Title & Ownership
Make sure the property has a clear and verifiable title. Check:
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Name on the title document matches the seller
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No encumbrances, court cases, or ownership disputes
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Original documents are available for inspection
Tip: Use a trusted lawyer or real estate consultant to run a proper land search.
2. 🗺️ Location and Neighborhood
Ask yourself:
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Is the area safe and secure?
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Are there good schools, markets, roads, and public services nearby?
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What’s the potential for growth and appreciation in value?
Pro Tip: Visit the area at different times (day and night) to get a true feel of the neighborhood.
3. đź“„ Government Approvals & Zoning
Ensure the property is approved for the purpose you’re buying it (residential, commercial, mixed-use).
Check for:
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Building plan approval
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Zoning permits
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Excision or Gazette status (especially in Nigeria)
4. đź’§ Infrastructure & Utilities
Check for access to:
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Water supply
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Electricity and backup options
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Good roads and drainage
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Internet or telecom coverage
A beautiful house without proper infrastructure is a bad investment.
5. 🏗️ Building Condition (for existing structures)
For built properties:
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Inspect for cracks, water damage, or poor construction
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Verify age of the structure
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Get a professional inspection if needed
This can save you huge renovation costs later.
6. đź’° Pricing & Hidden Costs
Don’t just compare prices—check for:
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Agent fees
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Legal fees
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Government taxes and stamp duties
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Survey and registration costs
Bonus Tip: Always negotiate! Most sellers are open to offers, especially if you’re ready to buy quickly.
7. 🧾 Seller’s Intent & Documentation
Is the seller under pressure? Why are they selling?
Make sure:
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Seller is the actual owner or has a power of attorney
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All required documents are available and valid
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You get a signed agreement before payment
Conclusion
Real estate is profitable—but only when you do your due diligence. Don’t fall for pressure or fake urgency. Take your time, consult professionals, and always double-check everything.