07/07/2025
It isn’t just about acquiring a land because the land is going for a cheap price. There is more to purchasing a land.
Here are few things to look out for when purchasing a land or landed properties.
When purchasing land or landed properties you are to consider the following key factors:
1. Location and Accessibility
What is the proximity to essential amenities such as schools, hospitals, markets, etc.
Neighborhood quality and safety. Go for a drama free area, where you know you won’t be putting your family lives or business at risk especially if the area is known for notoriety
2. Land and Property Details
Know the accurate Land size and shape: always have your surveyor also measure the land and don’t just believe what the land agent says.
Be on the lookouts for zoning regulations and land-use restrictions to avoid the government ceasing your property in the future.
3. Documentation and Legalities
a. The land must have a clear title deeds and ownership documents
b. Thoroughly verify the seller's identity and authority to sell
c. Check for any outstanding mortgages, liens, or encumbrances so you don’t aquire someone else’s abandoned responsibilities .
d. Review local laws and regulations regarding property ownership
3. Environmental and Infrastructure Factors
i. Drainage and flood risk: dont buy a property that is situated on a waterway to avoiding irreversible damages.
ii. Environmental concerns (soil quality, nearby industrial sites, etc.): please do not purchase a land that was once an industrial landfill, there are so many damages this can cause like water poisoning to your borehole.
iii. Proximity to natural hazards (rivers, coastlines, etc.): most especially in Nigeria, avoid purchasing a property on these regions. If the water overflows, your property will be destroyed.
These are just a few out of the many things to look out for.
Learn so as to avoid these mistakes while purchasing a property.