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8 Important Factors To Locate The Best Place To Buy A Property In Nigeria
How To Get A Housing Loan With Good Interest Rate In Nigeria
2 Easy Ways To Know The Size Of A Plot Of Land In Nigeria
How Nigerians Abroad Grow Wealth Through Cheap Land For Sale Back Home
How To Easily Perfect Land Title [By Yourself] In Lagos Nigeria

De Donnies Homes

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<img decoding="async" alt="Federal Mortgage Bank Loan The Federal Mortgage Bank of Nigeria is the organization that oversees the nation’s National Housing Fund (NHF). The National Housing Fund is a contributory scheme where Nigerians can save for their housing needs irrespective of the sector they are working in. The joint saving system makes available a pool of resources eligible participants can borrow to build their houses with a guarantee that the participants will remit 2.5% of their monthly salary to the Federal Mortgage Bank of Nigeria through their primary mortgage banks. Participants can apply for N15,000,000 or 90% of the property price they want to buy or build, whichever is less. Participants can’t apply for more than 90% of the property price. If the property is worth N10,000,000, participants can’t apply for more than N9,000,000 which is 90% of the property value. The loan is for the construction, purchase, or renovation of residential property. Thus, the Federal Mortgage loan or the federal housing loan in Nigeria are used interchangeably to mean the same thing and are under the National Housing Fund in the country. How to Get Federal Housing Loan in Nigeria Participants can apply for a federal mortgage loan by following the following steps: They must apply through a recognized and accredited primary mortgage institution rather than directly to the Federal Mortgage Bank of Nigeria. The participant’s primary mortgage institution must be approved by the Federal Mortgage Bank of Nigeria and the Centre Bank of Nigeria. Your primary mortgage institution will provide you and your employer with NHF loan application forms. While your employer will fill and return the NHF 1 form, you will do the same for NHF 2. Institutions can apply for the loan directly through the Federal Mortgage Bank of Nigeria. Self-employed and institutions will submit a copy of their firms’ legal documents to get the loan. Federal Housing Loan You Can Choose From There are 6 types of loans granted by the Federal Mortgage Bank of Nigeria. Among them, only 4 apply to individuals. See them below: Rent-To-Own Housing Scheme The Rent-To-Own Housing Scheme allows a Nigerian worker to move into an apartment owned by the Federal Mortgage Bank of Nigeria, pay rent for about 30 years and take over ownership of the house. What a great offer! FMBN Home Renovation Loan Federal Mortgage Bank of Nigeria (FMBN) Home Renovation Loan provides loan facilities to an existing homeowner to improve or upgrade his house. FMBN Construction Loan This is a loan the Federal Mortgage Bank of Nigeria gives to NHF participants to construct their own homes instead of buying an already built one. Diaspora NHF Mortgage Loan The Diaspora NHF Mortgage Loan is a federal housing scheme available to Nigerians living abroad to participate in the NHF and access a housing loan to build or buy a home in Nigeria. Get expert advice on: https://dedonnieshomes.com/contact-us/ Follow us on Facebook: https://web.facebook.com/dedonnieshomes Twitter: https://twitter.com/De_Donnes_Homes Instagram: https://www.instagram.com/dedonnieshomes" data-src="https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img/https://dedonnieshomes.com/wp-content/plugins/feeds-for-youtube/img/placeholder.png" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img class="lazy" decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201%201'%3E%3C/svg%3E" data-src="https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img/https://dedonnieshomes.com/wp-content/plugins/feeds-for-youtube/img/placeholder.png" alt="Federal Mortgage Bank Loan The Federal Mortgage Bank of Nigeria is the organization that oversees the nation’s National Housing Fund (NHF). The National Housing Fund is a contributory scheme where Nigerians can save for their housing needs irrespective of the sector they are working in. The joint saving system makes available a pool of resources eligible participants can borrow to build their houses with a guarantee that the participants will remit 2.5% of their monthly salary to the Federal Mortgage Bank of Nigeria through their primary mortgage banks. Participants can apply for N15,000,000 or 90% of the property price they want to buy or build, whichever is less. Participants can’t apply for more than 90% of the property price. If the property is worth N10,000,000, participants can’t apply for more than N9,000,000 which is 90% of the property value. The loan is for the construction, purchase, or renovation of residential property. Thus, the Federal Mortgage loan or the federal housing loan in Nigeria are used interchangeably to mean the same thing and are under the National Housing Fund in the country. How to Get Federal Housing Loan in Nigeria Participants can apply for a federal mortgage loan by following the following steps: They must apply through a recognized and accredited primary mortgage institution rather than directly to the Federal Mortgage Bank of Nigeria. The participant’s primary mortgage institution must be approved by the Federal Mortgage Bank of Nigeria and the Centre Bank of Nigeria. Your primary mortgage institution will provide you and your employer with NHF loan application forms. While your employer will fill and return the NHF 1 form, you will do the same for NHF 2. Institutions can apply for the loan directly through the Federal Mortgage Bank of Nigeria. Self-employed and institutions will submit a copy of their firms’ legal documents to get the loan. Federal Housing Loan You Can Choose From There are 6 types of loans granted by the Federal Mortgage Bank of Nigeria. Among them, only 4 apply to individuals. See them below: Rent-To-Own Housing Scheme The Rent-To-Own Housing Scheme allows a Nigerian worker to move into an apartment owned by the Federal Mortgage Bank of Nigeria, pay rent for about 30 years and take over ownership of the house. What a great offer! FMBN Home Renovation Loan Federal Mortgage Bank of Nigeria (FMBN) Home Renovation Loan provides loan facilities to an existing homeowner to improve or upgrade his house. FMBN Construction Loan This is a loan the Federal Mortgage Bank of Nigeria gives to NHF participants to construct their own homes instead of buying an already built one. Diaspora NHF Mortgage Loan The Diaspora NHF Mortgage Loan is a federal housing scheme available to Nigerians living abroad to participate in the NHF and access a housing loan to build or buy a home in Nigeria. Get expert advice on: https://dedonnieshomes.com/contact-us/ Follow us on Facebook: https://web.facebook.com/dedonnieshomes Twitter: https://twitter.com/De_Donnes_Homes Instagram: https://www.instagram.com/dedonnieshomes">

Federal Mortgage Bank Loan
The Federal Mortgage Bank of Nigeria is the organization that oversees the nation’s National Housing Fund (NHF). The National Housing Fund is a contributory scheme where Nigerians can save for their housing needs irrespective of the sector they are working in. The joint saving system makes available a pool of resources eligible participants can borrow to build their houses with a guarantee that the participants will remit 2.5% of their monthly salary to the Federal Mortgage Bank of Nigeria through their primary mortgage banks. Participants can apply for N15,000,000 or 90% of the property price they want to buy or build, whichever is less. Participants can’t apply for more than 90% of the property price. If the property is worth N10,000,000, participants can’t apply for more than N9,000,000 which is 90% of the property value. The loan is for the construction, purchase, or renovation of residential property. Thus, the Federal Mortgage loan or the federal housing loan in Nigeria are used interchangeably to mean the same thing and are under the National Housing Fund in the country. How to Get Federal Housing Loan in Nigeria
Participants can apply for a federal mortgage loan by following the following steps: They must apply through a recognized and accredited primary mortgage institution rather than directly to the Federal Mortgage Bank of Nigeria. The participant’s primary mortgage institution must be approved by the Federal Mortgage Bank of Nigeria and the Centre Bank of Nigeria. Your primary mortgage institution will provide you and your employer with NHF loan application forms. While your employer will fill and return the NHF 1 form, you will do the same for NHF 2. Institutions can apply for the loan directly through the Federal Mortgage Bank of Nigeria. Self-employed and institutions will submit a copy of their firms’ legal documents to get the loan. Federal Housing Loan You Can Choose From
There are 6 types of loans granted by the Federal Mortgage Bank of Nigeria. Among them, only 4 apply to individuals. See them below: Rent-To-Own Housing Scheme
The Rent-To-Own Housing Scheme allows a Nigerian worker to move into an apartment owned by the Federal Mortgage Bank of Nigeria, pay rent for about 30 years and take over ownership of the house. What a great offer! FMBN Home Renovation Loan
Federal Mortgage Bank of Nigeria (FMBN) Home Renovation Loan provides loan facilities to an existing homeowner to improve or upgrade his house. FMBN Construction Loan
This is a loan the Federal Mortgage Bank of Nigeria gives to NHF participants to construct their own homes instead of buying an already built one. Diaspora NHF Mortgage Loan
The Diaspora NHF Mortgage Loan is a federal housing scheme available to Nigerians living abroad to participate in the NHF and access a housing loan to build or buy a home in Nigeria. Get expert advice on: https://dedonnieshomes.com/contact-us/ Follow us on Facebook: https://web.facebook.com/dedonnieshomes Twitter: https://twitter.com/De_Donnes_Homes Instagram: https://www.instagram.com/dedonnieshomes

<img decoding="async" alt="Federal Mortgage Bank Loan The Federal Mortgage Bank of Nigeria is the organization that oversees the nation’s National Housing Fund (NHF). The National Housing Fund is a contributory scheme where Nigerians can save for their housing needs irrespective of the sector they are working in. The joint saving system makes available a pool of resources eligible participants can borrow to build their houses with a guarantee that the participants will remit 2.5% of their monthly salary to the Federal Mortgage Bank of Nigeria through their primary mortgage banks. Participants can apply for N15,000,000 or 90% of the property price they want to buy or build, whichever is less. Participants can’t apply for more than 90% of the property price. If the property is worth N10,000,000, participants can’t apply for more than N9,000,000 which is 90% of the property value. The loan is for the construction, purchase, or renovation of residential property. Thus, the Federal Mortgage loan or the federal housing loan in Nigeria are used interchangeably to mean the same thing and are under the National Housing Fund in the country. How to Get Federal Housing Loan in Nigeria Participants can apply for a federal mortgage loan by following the following steps: They must apply through a recognized and accredited primary mortgage institution rather than directly to the Federal Mortgage Bank of Nigeria. The participant’s primary mortgage institution must be approved by the Federal Mortgage Bank of Nigeria and the Centre Bank of Nigeria. Your primary mortgage institution will provide you and your employer with NHF loan application forms. While your employer will fill and return the NHF 1 form, you will do the same for NHF 2. Institutions can apply for the loan directly through the Federal Mortgage Bank of Nigeria. Self-employed and institutions will submit a copy of their firms’ legal documents to get the loan. Federal Housing Loan You Can Choose From There are 6 types of loans granted by the Federal Mortgage Bank of Nigeria. Among them, only 4 apply to individuals. See them below: Rent-To-Own Housing Scheme The Rent-To-Own Housing Scheme allows a Nigerian worker to move into an apartment owned by the Federal Mortgage Bank of Nigeria, pay rent for about 30 years and take over ownership of the house. What a great offer! FMBN Home Renovation Loan Federal Mortgage Bank of Nigeria (FMBN) Home Renovation Loan provides loan facilities to an existing homeowner to improve or upgrade his house. FMBN Construction Loan This is a loan the Federal Mortgage Bank of Nigeria gives to NHF participants to construct their own homes instead of buying an already built one. Diaspora NHF Mortgage Loan The Diaspora NHF Mortgage Loan is a federal housing scheme available to Nigerians living abroad to participate in the NHF and access a housing loan to build or buy a home in Nigeria. Get expert advice on: https://dedonnieshomes.com/contact-us/ Follow us on Facebook: https://web.facebook.com/dedonnieshomes Twitter: https://twitter.com/De_Donnes_Homes Instagram: https://www.instagram.com/dedonnieshomes" data-src="https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img/https://dedonnieshomes.com/wp-content/plugins/feeds-for-youtube/img/placeholder.png" class="lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="><noscript><img class="lazy" decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201%201'%3E%3C/svg%3E" data-src="https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img/https://dedonnieshomes.com/wp-content/plugins/feeds-for-youtube/img/placeholder.png" alt="Federal Mortgage Bank Loan The Federal Mortgage Bank of Nigeria is the organization that oversees the nation’s National Housing Fund (NHF). The National Housing Fund is a contributory scheme where Nigerians can save for their housing needs irrespective of the sector they are working in. The joint saving system makes available a pool of resources eligible participants can borrow to build their houses with a guarantee that the participants will remit 2.5% of their monthly salary to the Federal Mortgage Bank of Nigeria through their primary mortgage banks. Participants can apply for N15,000,000 or 90% of the property price they want to buy or build, whichever is less. Participants can’t apply for more than 90% of the property price. If the property is worth N10,000,000, participants can’t apply for more than N9,000,000 which is 90% of the property value. The loan is for the construction, purchase, or renovation of residential property. Thus, the Federal Mortgage loan or the federal housing loan in Nigeria are used interchangeably to mean the same thing and are under the National Housing Fund in the country. How to Get Federal Housing Loan in Nigeria Participants can apply for a federal mortgage loan by following the following steps: They must apply through a recognized and accredited primary mortgage institution rather than directly to the Federal Mortgage Bank of Nigeria. The participant’s primary mortgage institution must be approved by the Federal Mortgage Bank of Nigeria and the Centre Bank of Nigeria. Your primary mortgage institution will provide you and your employer with NHF loan application forms. While your employer will fill and return the NHF 1 form, you will do the same for NHF 2. Institutions can apply for the loan directly through the Federal Mortgage Bank of Nigeria. Self-employed and institutions will submit a copy of their firms’ legal documents to get the loan. Federal Housing Loan You Can Choose From There are 6 types of loans granted by the Federal Mortgage Bank of Nigeria. Among them, only 4 apply to individuals. See them below: Rent-To-Own Housing Scheme The Rent-To-Own Housing Scheme allows a Nigerian worker to move into an apartment owned by the Federal Mortgage Bank of Nigeria, pay rent for about 30 years and take over ownership of the house. What a great offer! FMBN Home Renovation Loan Federal Mortgage Bank of Nigeria (FMBN) Home Renovation Loan provides loan facilities to an existing homeowner to improve or upgrade his house. FMBN Construction Loan This is a loan the Federal Mortgage Bank of Nigeria gives to NHF participants to construct their own homes instead of buying an already built one. Diaspora NHF Mortgage Loan The Diaspora NHF Mortgage Loan is a federal housing scheme available to Nigerians living abroad to participate in the NHF and access a housing loan to build or buy a home in Nigeria. Get expert advice on: https://dedonnieshomes.com/contact-us/ Follow us on Facebook: https://web.facebook.com/dedonnieshomes Twitter: https://twitter.com/De_Donnes_Homes Instagram: https://www.instagram.com/dedonnieshomes">

Federal Mortgage Bank Loan
The Federal Mortgage Bank of Nigeria is the organization that oversees the nation’s National Housing Fund (NHF). The National Housing Fund is a contributory scheme where Nigerians can save for their housing needs irrespective of the sector they are working in. The joint saving system makes available a pool of resources eligible participants can borrow to build their houses with a guarantee that the participants will remit 2.5% of their monthly salary to the Federal Mortgage Bank of Nigeria through their primary mortgage banks. Participants can apply for N15,000,000 or 90% of the property price they want to buy or build, whichever is less. Participants can’t apply for more than 90% of the property price. If the property is worth N10,000,000, participants can’t apply for more than N9,000,000 which is 90% of the property value. The loan is for the construction, purchase, or renovation of residential property. Thus, the Federal Mortgage loan or the federal housing loan in Nigeria are used interchangeably to mean the same thing and are under the National Housing Fund in the country. How to Get Federal Housing Loan in Nigeria
Participants can apply for a federal mortgage loan by following the following steps: They must apply through a recognized and accredited primary mortgage institution rather than directly to the Federal Mortgage Bank of Nigeria. The participant’s primary mortgage institution must be approved by the Federal Mortgage Bank of Nigeria and the Centre Bank of Nigeria. Your primary mortgage institution will provide you and your employer with NHF loan application forms. While your employer will fill and return the NHF 1 form, you will do the same for NHF 2. Institutions can apply for the loan directly through the Federal Mortgage Bank of Nigeria. Self-employed and institutions will submit a copy of their firms’ legal documents to get the loan. Federal Housing Loan You Can Choose From
There are 6 types of loans granted by the Federal Mortgage Bank of Nigeria. Among them, only 4 apply to individuals. See them below: Rent-To-Own Housing Scheme
The Rent-To-Own Housing Scheme allows a Nigerian worker to move into an apartment owned by the Federal Mortgage Bank of Nigeria, pay rent for about 30 years and take over ownership of the house. What a great offer! FMBN Home Renovation Loan
Federal Mortgage Bank of Nigeria (FMBN) Home Renovation Loan provides loan facilities to an existing homeowner to improve or upgrade his house. FMBN Construction Loan
This is a loan the Federal Mortgage Bank of Nigeria gives to NHF participants to construct their own homes instead of buying an already built one. Diaspora NHF Mortgage Loan
The Diaspora NHF Mortgage Loan is a federal housing scheme available to Nigerians living abroad to participate in the NHF and access a housing loan to build or buy a home in Nigeria. Get expert advice on: https://dedonnieshomes.com/contact-us/ Follow us on Facebook: https://web.facebook.com/dedonnieshomes Twitter: https://twitter.com/De_Donnes_Homes Instagram: https://www.instagram.com/dedonnieshomes

<img class="lazy" decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201%201'%3E%3C/svg%3E" data-src="https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img/https://dedonnieshomes.com/wp-content/plugins/feeds-for-youtube/img/placeholder.png" alt="Choosing the best place to buy a property is not as complex as it sounds. There are several things to look out for when buying a house for the first time. It’s not a choice between a nicer house or a better location. NO, IT ISN’T! Both must align. It’s about getting the optimum property in the optimum place. So, as an intending buyer, among other things, you must consider the best place to buy your desired property to maximize value. Although value may imply comfort and status to a buyer, it may be real estate profit and property appreciation to a real estate investor. Thus, if you want to succeed in real estate investing, you must know the location factors to consider before buying a house in Nigeria. Up-And-Coming Areas Banana Island is a great place to buy land or a house. However, a plot of land there can go for as high as N652 million ($1.8 million). Obviously, not everyone can afford it. That’s why smart real estate consultants advise investors to consider up-and-coming areas like Ajah and its environ like Lakowe, Eleko, Ibeju Lekki, Mowe Ofada and places around Lekki-Epe Expressway. The opportunities in Lekki and Ikoyi have gradually spilled over to these places, and real estate investors there are already smiling. Thus, they are some of the best places to consider when you want to buy a house or a piece of land in Lagos Nigeria. Why Do You Want To Buy The House Or Plot Of Land Your purpose is another location factor to consider before buying a house in Nigeria. People buy a home or plot of land for residential or commercial/investment purposes. Those buying for residential purpose should ensure it is close to the vital places they frequent like their workplace, worship centre, children’s school, hospital, grocery stores etc. While those buying for commercial or investment purpose should ensure it is in a business booming location. Proximity To Commercial Hubs An area you considered the best place to buy a property should be close to a commercial hub. As development further expands to neighbouring communities, the value of your property will rise significantly. The influx of people boosts commercial activities and the resultant high volume of money boosts the value of property and rent. Government Policy and Restrictions The government (through its town planning body) sets aside different locations for different purposes. While some areas are set aside for agriculture, others are set aside for schools, roads, bridges, stadiums, industries etc. These places are government acquired land. Anyone who invests their money there has thrown it into thin air. Buying a property close to these places is a smart move. The facilities there will be manned and maintained by humans, and these humans will need shelter over their heads. Infrastructure and Accessibility How does it feel, rolling up your pair of trousers to walk through a pool of water in the street before you get to your house or parking your car at the Bus/stop because the roads are not motorable? Neighbourhood With Good Lifestyle Another set of important things to look for when buying a house for the first time is the values and lifestyle of the people living in that environment. Are they lousy, rough, dirty, uneducated etc? How do their children behave and what impact will it have on your kids? A reasonable homebuyer needs to consider these things when choosing the right place to buy a house. Security And Safety I know, for sure, that you definitely do not want to buy a house or plot of land where oil spills into your well, boreholes and streets because of pipeline linkages. You don’t want to risk living where you will be experiencing pipeline explosions or industrial waste proliferations. It is needless to add that nobody wants to live in an environment where their lives, family and property are under any form of threat. Proximity To Recreation and Fun A vital house hunting tip that will help you get the best place to buy a property in Nigeria is proximity to recreation and fun. You should live close to areas where you can get adequate relaxation and fun to maintain a healthy mental state and social life. At worst, access to recreation shouldn’t be too far from home. My Final Note So far, I have done justice by explaining some things to look out for when buying a house for the first time in Nigeria. Applying the house hunting tips in this article will help you spot the best places to buy a house in the country. Do not undermine the importance of location in real estate. It can make or mar a real estate investor. In conclusion, note that a good house in a bad location is a bad house. Get expert advice on: https://dedonnieshomes.com/contact-us/ Follow us on Facebook: https://web.facebook.com/dedonnieshomes Twitter: https://twitter.com/De_Donnes_Homes Instagram: https://www.instagram.com/dedonnieshomes">

Choosing the best place to buy a property is not as complex as it sounds. There are several things to look out for when buying a house for the first time. It’s not a choice between a nicer house or a better location. NO, IT ISN’T! Both must align. It’s about getting the optimum property in the optimum place. So, as an intending buyer, among other things, you must consider the best place to buy your desired property to maximize value. Although value may imply comfort and status to a buyer, it may be real estate profit and property appreciation to a real estate investor. Thus, if you want to succeed in real estate investing, you must know the location factors to consider before buying a house in Nigeria. Up-And-Coming Areas
Banana Island is a great place to buy land or a house. However, a plot of land there can go for as high as N652 million ($1.8 million). Obviously, not everyone can afford it. That’s why smart real estate consultants advise investors to consider up-and-coming areas like Ajah and its environ like Lakowe, Eleko, Ibeju Lekki, Mowe Ofada and places around Lekki-Epe Expressway. The opportunities in Lekki and Ikoyi have gradually spilled over to these places, and real estate investors there are already smiling. Thus, they are some of the best places to consider when you want to buy a house or a piece of land in Lagos Nigeria. Why Do You Want To Buy The House Or Plot Of Land
Your purpose is another location factor to consider before buying a house in Nigeria. People buy a home or plot of land for residential or commercial/investment purposes. Those buying for residential purpose should ensure it is close to the vital places they frequent like their workplace, worship centre, children’s school, hospital, grocery stores etc. While those buying for commercial or investment purpose should ensure it is in a business booming location. Proximity To Commercial Hubs
An area you considered the best place to buy a property should be close to a commercial hub. As development further expands to neighbouring communities, the value of your property will rise significantly. The influx of people boosts commercial activities and the resultant high volume of money boosts the value of property and rent. Government Policy and Restrictions
The government (through its town planning body) sets aside different locations for different purposes. While some areas are set aside for agriculture, others are set aside for schools, roads, bridges, stadiums, industries etc. These places are government acquired land. Anyone who invests their money there has thrown it into thin air. Buying a property close to these places is a smart move. The facilities there will be manned and maintained by humans, and these humans will need shelter over their heads. Infrastructure and Accessibility
How does it feel, rolling up your pair of trousers to walk through a pool of water in the street before you get to your house or parking your car at the Bus/stop because the roads are not motorable? Neighbourhood With Good Lifestyle
Another set of important things to look for when buying a house for the first time is the values and lifestyle of the people living in that environment. Are they lousy, rough, dirty, uneducated etc? How do their children behave and what impact will it have on your kids? A reasonable homebuyer needs to consider these things when choosing the right place to buy a house. Security And Safety
I know, for sure, that you definitely do not want to buy a house or plot of land where oil spills into your well, boreholes and streets because of pipeline linkages. You don’t want to risk living where you will be experiencing pipeline explosions or industrial waste proliferations. It is needless to add that nobody wants to live in an environment where their lives, family and property are under any form of threat. Proximity To Recreation and Fun
A vital house hunting tip that will help you get the best place to buy a property in Nigeria is proximity to recreation and fun. You should live close to areas where you can get adequate relaxation and fun to maintain a healthy mental state and social life. At worst, access to recreation shouldn’t be too far from home. My Final Note
So far, I have done justice by explaining some things to look out for when buying a house for the first time in Nigeria. Applying the house hunting tips in this article will help you spot the best places to buy a house in the country. Do not undermine the importance of location in real estate. It can make or mar a real estate investor. In conclusion, note that a good house in a bad location is a bad house. Get expert advice on: https://dedonnieshomes.com/contact-us/ Follow us on Facebook: https://web.facebook.com/dedonnieshomes Twitter: https://twitter.com/De_Donnes_Homes Instagram: https://www.instagram.com/dedonnieshomes

<img class="lazy" decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201%201'%3E%3C/svg%3E" data-src="https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img/https://dedonnieshomes.com/wp-content/plugins/feeds-for-youtube/img/placeholder.png" alt="In the second week of January, a friend and I inspected his property in Ogun State. It was supposed to be an Acre, but it’s actually 4 and a half plots. Since he didn’t know the different land sizes, the seller fooled him at the point of purchase. What signal does this send?: All land buyers should understand the land measurement system in Nigeria, or transact at the mercy of the seller’s surveyor. And of course, since people buy plots of land more than acres and hectares, they are more interested in knowing the size of a plot of land. In case, you are among those who have been sending questions like, “Donald, how can I find out the size of a plot of land?” the answer is right here. Just read on. Land Measurement In Nigeria The land sizes of different countries vary. It’s even baffling that land measurement in Nigeria varies among states. It is because the governors of each state hold the land in their state in trust for the people. Thus, every state with its laws just as every Mallam with his kettle. This is why there is no unified land measurement system in Nigeria. However, the units of measurement adopted are similar. Due to this revelation, I will focus most sections of this article on Lagos state. Types Of Land Sizes There are different types of land sizes in Nigeria. They are: (a) The primary units comprising feet and square metres. The primary units of measuring the size of land are feet and square metres. Feet (ft) Feet is the plural of foot. One foot (1ft) = 0.3048 metre or 12 inches. And one square foot (1ft square) = 0.3048 metre X 0.3048 metre = 0.093square metres Square Metres (Sqm) One metre = 3.3 feet. And one square metre = 3.3 feet X 3.3 feet = 10.89 square metres. (b) The secondary units comprising plots, acres and hectares. The secondary units of measuring the size of land are plots, acres and hectares. Plots The size of a plot of land in Lagos can either be in square metres or square feet. Below is how you can calculate a plot of land in the state. So, 1 plot of land in metres = 18 metres X 36 metres = 648 square metres. And 1 plot of land in feet = 60 feet X 120 feet = 7,200 square feet. However, most estates in Lagos state use 600 square metres as against 648. Acres An acre is almost equivalent to the size of a football field. It is also almost equivalent to 6 plots of land. The size of an acre of land = 4,046 square metres or 43,560 square feet. Hectares For those who intend to buy land in large quantity and therefore want to know how many plots make 1 hectare in Nigeria? This section is for you: A hectare = 100 metres X 100 metres = 10,000 square metres. Or = 328 feet X 328 feet = 107,584 square metres It is about 2 and a half acres or about 15 plots. Actually, it is 2.47 acres. ALSO READ: How Nigerians Abroad Grow Wealth Through Cheap Land For Sale Back Home What Is The Size Of A Plot Of Land In Nigeria? As earlier said, the size of a plot of land varies among states. So, let’s compare the size of a plot of land among some states in Nigeria What Is The Size Of Half A Plot Of Land In Nigeria? To get the size of half a plot of land in Nigeria, divide the above figures by 2 or Half a plot of land in metres = 9 metres X 36 metres = 324 square metres. And half a plot of land in feet = 30 feet X 120 feet = 3,600 square feet. Most estates in Lagos state use 300 square metres for half a plot as against 324. Ideal Plot Size For A House In Nigeria The ideal plot size for a house that can accommodate a standard house with a small compound is 50 feet X 100 feet. Conclusion Land sizes of different states vary in Nigeria. However, Lagos state uses 60 feet X 120 feet which is equivalent to 18 metres X 36 metres. This implies that the 2 easy ways to know the size of a plot of land in Nigeria are in feet or metres. However, some people buy land in larger units which can be acres or hectares. Ensure you ask the sellers the size of the land they are selling to you because the size of a plot of land varies among Nigerian states and sellers.">

In the second week of January, a friend and I inspected his property in Ogun State. It was supposed to be an Acre, but it’s actually 4 and a half plots. Since he didn’t know the different land sizes, the seller fooled him at the point of purchase. What signal does this send?: All land buyers should understand the land measurement system in Nigeria, or transact at the mercy of the seller’s surveyor. And of course, since people buy plots of land more than acres and hectares, they are more interested in knowing the size of a plot of land. In case, you are among those who have been sending questions like, “Donald, how can I find out the size of a plot of land?” the answer is right here. Just read on. Land Measurement In Nigeria
The land sizes of different countries vary. It’s even baffling that land measurement in Nigeria varies among states. It is because the governors of each state hold the land in their state in trust for the people. Thus, every state with its laws just as every Mallam with his kettle. This is why there is no unified land measurement system in Nigeria. However, the units of measurement adopted are similar. Due to this revelation, I will focus most sections of this article on Lagos state. Types Of Land Sizes
There are different types of land sizes in Nigeria. They are: (a) The primary units comprising feet and square metres.
The primary units of measuring the size of land are feet and square metres. Feet (ft)
Feet is the plural of foot. One foot (1ft) = 0.3048 metre or 12 inches. And one square foot (1ft square) = 0.3048 metre X 0.3048 metre = 0.093square metres Square Metres (Sqm)
One metre = 3.3 feet. And one square metre = 3.3 feet X 3.3 feet = 10.89 square metres. (b) The secondary units comprising plots, acres and hectares.
The secondary units of measuring the size of land are plots, acres and hectares. Plots
The size of a plot of land in Lagos can either be in square metres or square feet. Below is how you can calculate a plot of land in the state. So, 1 plot of land in metres = 18 metres X 36 metres = 648 square metres. And 1 plot of land in feet = 60 feet X 120 feet = 7,200 square feet. However, most estates in Lagos state use 600 square metres as against 648. Acres
An acre is almost equivalent to the size of a football field. It is also almost equivalent to 6 plots of land. The size of an acre of land = 4,046 square metres or 43,560 square feet. Hectares
For those who intend to buy land in large quantity and therefore want to know how many plots make 1 hectare in Nigeria? This section is for you: A hectare = 100 metres X 100 metres = 10,000 square metres. Or = 328 feet X 328 feet = 107,584 square metres It is about 2 and a half acres or about 15 plots. Actually, it is 2.47 acres. ALSO READ: How Nigerians Abroad Grow Wealth Through Cheap Land For Sale Back Home What Is The Size Of A Plot Of Land In Nigeria?
As earlier said, the size of a plot of land varies among states. So, let’s compare the size of a plot of land among some states in Nigeria What Is The Size Of Half A Plot Of Land In Nigeria?
To get the size of half a plot of land in Nigeria, divide the above figures by 2 or Half a plot of land in metres = 9 metres X 36 metres = 324 square metres. And half a plot of land in feet = 30 feet X 120 feet = 3,600 square feet. Most estates in Lagos state use 300 square metres for half a plot as against 324. Ideal Plot Size For A House In Nigeria
The ideal plot size for a house that can accommodate a standard house with a small compound is 50 feet X 100 feet. Conclusion
Land sizes of different states vary in Nigeria. However, Lagos state uses 60 feet X 120 feet which is equivalent to 18 metres X 36 metres. This implies that the 2 easy ways to know the size of a plot of land in Nigeria are in feet or metres. However, some people buy land in larger units which can be acres or hectares. Ensure you ask the sellers the size of the land they are selling to you because the size of a plot of land varies among Nigerian states and sellers.

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