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| Name | 5 Things to consider before buying a Land in Nigeria |
| Video Uploader | Video From Geoinfotech |
| Upload Date | This Video Uploaded At 19-05-2023 07:21:11 |
| Video Discription | THINGS TO CONSIDER BEFORE BUYING LAND IN NIGERIA Here are some important factors to consider before buying land in Nigeria: 1. Ask the sellers for existing papers/documents on the land (Receipt of Purchase, Survey, Deed of Assignment, C of O, etc) Land Ownership: Ensure that the land is owned by the person selling it, and not under any dispute or litigation. Verify the authenticity of the land title with the appropriate government agency. Depending on the situation of the land, if there’s a dispute on the land, consult a lawyer to verify existing documents & ascertain ownership. 2. Location: Consider the location of the land in terms of proximity to basic amenities such as schools, hospitals, markets, and transportation. Also, assess the accessibility and security of the area. There would be need to get the coordinates, address, area size and perimeter. Confirmation of Site Plan. 3. Future Development: Assess the potential for future development in the area, as this can affect the value of your investment. You can also consider the potential for future resale value. 4. Zoning Regulations: Check the zoning regulations of the area to ensure that the land is suitable for the purpose you have in mind. Some areas may be designated for residential, commercial, or agricultural use, and you need to ensure that the land is zoned for your intended use. 5. Consult a surveyor: The Surveyor carries out Charting Information to ascertain the STATUS of the land, map status of the land & it’s environs to get an overview of the surrounding area Others: 1. Infrastructure: Assess the availability of basic infrastructure such as electricity, water supply, and road networks in the area. If the infrastructure is lacking, factor in the cost of providing these amenities yourself. 2. Soil Quality: Check the soil quality and suitability of the land for your intended use. If you plan to farm, for instance, you need to ensure that the soil is fertile and suitable for crops. 3. Engage Professionals: Engage the services of professionals such as real estate agents, lawyers, and surveyors to guide you through the buying process and ensure that you get value for your money. 4. History: Research the history of the land to ensure that it has not been involved in any criminal or fraudulent activities in the past. This will save you from any legal issues in the future. 5. Taxes and Levies: Check for any taxes or levies that apply to the land and ensure that they are paid up to date. For consultation Contact Geoinfotech via our Website: www.geoinfotech.ng WhatsApp or Calls: +234 816 322 2177 | +234 813 410 1202 | https://wa.me/message/UOA2ULW5SAORB1 |
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