Dennis Isong, Author At Akinpedia

4 Best Places for Real Estate Development in Lagos

31Jul

By Dennis IsongNo Comments

4 Best Places for Real Estate Development in Lagos

Lagos has become a place where real estate development is making a significant difference. The real estate sector keeps surviving the bad economy year in and year out. The effect of the pandemic still lingers even after a year and some months. Nonetheless, the real estate business is still standing tall. If you don't know your way, it's crucial to ask people that have been there. Buying land is good but buying in a place where you are sure to get a massive profit return is better. Lagos is a city where real estate development business is highly profitable and can bring you a fortune. What is Real Estate Development? Real estate development is building new structures and modifying existing ones to increase the property's value and develop the property into commercial or reside...

Acquiring and Registering Your Property Title in Abuja

23Jul

By Dennis IsongNo Comments

Real Estate

Acquiring and Registering Your Property Title in Abuja

Acquisition of personal Real Estate assets/Landed property in your name and registering your property will indicate a welcome change from a life of paying rent and living in fear of the Landlord is what we term success. But the Nigerian Real Estate sector is fraught with too many legal risks and is, as a result, highly regulated. If you register your property title, it will make it more secure. That you paid the Land vendor and signed a document called a Deed of Assignment, which the "Agent of the seller" claims his lawyer prepared, does not mean that you are good to go. Is it over?How can you be sure that the land owner sold you a valid and free title to the property you paid for?How sure are you that your title has been registered and secured under the law just because you signed ...

5 Proof of Property Ownership Documents You Must Have

20Jul

By Dennis IsongNo Comments

Real Estate

5 Proof of Property Ownership Documents You Must Have

Proof of property ownership document is a legal document that transfers ownership of a property from one individual (assignor) to another (assignee). The proof of property ownership document is the protection and control an individual has over a property. Thomas had inherited a house from his mother, which he lived in since he got married. He had no reason to buy land, let alone build a house because he was contented with his inheritance. When he turned 40, he decided he would like to give back to society by building an old people’s home in his hometown. Then, he had to buy land to build on. As someone who had no prior experience in buying properties, he was deceived by people who posed to have an expanse of land for sale. Alright, he was given a few documents, but not accur...

10 Basic Real Estate Knowledge for Startup Success

8Jul

By Dennis IsongNo Comments

Real Estate

10 Basic Real Estate Knowledge for Startup Success

Lillian had just graduated from University, and instead of the usual expectation of getting an office job, she decided to go into real estate from a startup fund from her father. As a newbie who didn’t have any basic real estate knowledge before diving into real estate, she made many mistakes. How did the mistake happen? Lillian didn’t have a grasp of pertinent information, which made her do the wrong things some of the time. The most crucial aspect she missed was having a mentor to put her through, so she wasted a lot of time doing trial and error. But all these experiences are for good. They moulded and shaped Lillian to be better at what she did. She learned, unlearned, and relearned. Sometimes, mistakes are the best experience that carves a better future. Newbies in re...

7 Important Facilities a Rental Property Must Have

1Jul

By Dennis IsongNo Comments

Real Estate

7 Important Facilities a Rental Property Must Have

A rental property is a home or a house used or occupied by any tenant for rent paid to a landlord. House owners complain about how people do not value their rental property but what they fail to do is assess the real problem(s). To be realistic, if people are not getting anything worthwhile from your property, you can’t blame them for their lack of enthusiasm. I know a house where tenants suffer dryness from their well for 8 months of the year. The only time they get to enjoy the water is that month of the year when it rains consistently, and once the rain stops being frequent, they go back to experiencing drought. Renting out your property is not the problem, but does it have all catchy facilities? Facilities go a long way in helping a rental property get tenants in no ti...

4 Best Office Property Investment Tips You Need to Know

24Jun

By Dennis IsongNo Comments

Real Estate

4 Best Office Property Investment Tips You Need to Know

Office property is a building intended to generate a profit, either from capital gains or rental income. Office property investment is not just an investment you can barge into without putting some factors into consideration. Things have been changing rapidly which has created a different dynamic of how things work. Few years back, it was easy to get away with mistakes made from property investment. But, in this new age, mistakes made in office property investment would hit and eat you hard for a very long time. While investing in office properties Office property is always assumed to be a very good investment for a newbie in property investment because it has the same features and benefits real estate brings. However, it doesn't work out like that. Office property i...

You Want to Buy Land in Ibadan: Consider these 10 Factors

2Jun

By Dennis IsongNo Comments

Real Estate

You Want to Buy Land in Ibadan: Consider these 10 Factors

If you want to buy land in Ibadan and hoping not to encounter the same problem as Mr Ade bought a plot of land in a place in Ibadan called Aduloju village In 2001. Little did he know that the land spelt trouble for him. The first problem he encountered was some people coming to claim ownership. In the process of dragging the issue, he got to know that the person that sold the land was not supposed to and some of the documents being given were fake. He had to pay twice as much to the people that approached him just to retain the land. As if that was not enough, a few weeks after which construction had already started, soldiers from the barracks (cantonment was close to the area) laid claims to the land. Instead of having a peaceful conversation, they resorted to dehumanizing any si...

5 Types of Landed Property You Should Never Buy

26Feb

By Dennis IsongNo Comments

Real Estate

5 Types of Landed Property You Should Never Buy

Purchasing a landed property in Nigeria remains a dream for many people, but it is still a risky endeavour. We've all made purchases that we subsequently came to regret. The money spent on those little things like Gadget wasn't life-changing, as opposed to what you'd lose if you squandered it on a piece of real estate. If you've decided it's time to invest in Real estate and owe your property, then you should be able to take note of what we have here in this article. It’ll be a guide in helping you find real estate that you’ll have peace of mind. You never want to say that buying a house was a mistake or that buying this house was a mistake. Many people, unfortunately, make mistakes that hinder them from realizing this basic ambition. To get the most out of your purchase, arm ...

Dangers in Buying Lands with Excision in Process

26Feb

By Dennis IsongNo Comments

Real Estate

Dangers in Buying Lands with Excision in Process

"EXCISION IN PROCESS" or “EXCISION IN PROGRESS” is the most commonly utilized land scam gimmick use as of recent by some of the real estate companies, agents, and land marketers, particularly in Ibeju Lekki. These real estate agents use it to entice purchasers who are buying lands from them, they say that they are undergoing "Excision Processing" and that the property already has a "FILE NUMBER." It's still a swindle, whether they say it innocently or carelessly, and investors should be wary of this act. Meanwhile, if a property's title at the time of acquisition is "EXCISION IN PROCESS" and "FILE NUMBER," is stated, it still doesn’t make the Landed property a good title for one to purchase. It simply implies nothing and the property can be acquired back by the government witho...

8 Best Affordable Areas to Live in Lagos Nigeria

4Feb

By Dennis IsongNo Comments

Lifestyle

8 Best Affordable Areas to Live in Lagos Nigeria

Lagos is Nigeria's most populous metropolis and the country's economic centre. While the states face numerous challenges, Lagos remains a popular tourist destination due to its economic viability, lifestyle, and entertainment. In recent years, the city of Lagos has seen an increase in the number of Tech Hubs, Investors, and enterprises settling in the state. However, if you're thinking about moving to Lagos and want to know where the greatest areas to live in Lagos is, this article will show you just where to go either on the Island or the Mainland as Lagosians usually refer to the 2 different places we have in the state. However, it is crucial to note that the best spot to live in Lagos will be determined by a variety of factors, including where you work and why you are reloca...

6 Simple Guides to Buy Real Estate in Nigeria

29Jan

By Dennis IsongNo Comments

Real Estate

6 Simple Guides to Buy Real Estate in Nigeria

To buy real estate is the biggest, safest, longest-lasting, and greatest investment one can make these days while still young, energetic, and active. When one is old and unable to work, no one wants to be homeless or helpless. Also, real estate investing in a property that will provide you with a high return on investment is dependent on the location or type of the property. To buy real estate in Nigeria has several legal regulations and procedures that must be followed. The first step in buying a house in Nigeria is to consult with a lawyer who can verify the property you want to buy. Only a lawyer can assure that one does not run into legal issues with their property title after purchase, and only a lawyer is statutorily entitled to prepare legal documentation for the transfer...

Off Plan Property: 5 FAQs Before Buying Property

8Jan

By Dennis IsongNo Comments

Real Estate

Off Plan Property: 5 FAQs Before Buying Property

Purchasing an off plan property is a good method to get a property for less than its true market worth, making it a fantastic investment option. However, it can be challenging to choose the ideal off plan property with so many possibilities on the market. How will you know if you are receiving the value for your money? The following simple questions in this article will assist you in selecting the greatest units, obtaining the best entry pricing, and obtaining guaranteed profits from off plan properties investment as an investor. Let’s start with knowing the meaning of off plan property. What Is The Definition of Off Plan Property? Buildings that are not yet finished are known as off plan properties. Purchasing a complex before the actual building is completed is known as an ...

What is Lekki-Epe International Airport Economic Value

18Dec

By Dennis IsongNo Comments

Finance

What is Lekki-Epe International Airport Economic Value

Economic development is a vital component of our economy's growth, as it creates high-wage jobs and improves people's quality of life. The Lagos state government has planned another major means to create, attract and maintain jobs in the new developing axis of Ibeju-Lekki, likewise making lives easier. While the role of economic developers is frequently overlooked, creating and maintaining major development for a region is an important component of a healthy economy and society. Thus, this led to the aim of building an international airport in Lekki-Epe, to bring development, ease down tension on Murtala Muhammed International airport, Ikeja and also to be of service to the fast-growing area of Lagos state. Details about the New Lekki-Epe International Airport Due to the larg...

Ways to Access Federal Mortgage Loans in Nigeria

10Dec

By Dennis IsongNo Comments

Finance

Ways to Access Federal Mortgage Loans in Nigeria

Housing being one of the most crucial components of human life leaves everyone with no choice but to have a roof over their heads, thus everyone requires a place to call home. In essence, the Federal Mortgage Bank of Nigeria (FMBN) was founded to ensure that Nigerians had reliable and inexpensive access to homeownership through the introduction of the Federal Mortgage Loans program. Many Nigerians, however, fail to take advantage of this opportunity, as the Federal Mortgage Bank of Nigeria makes it easy to become a property owner with the necessary information and strategy fixed in place. Meanwhile, in this article, we’re going to discuss extensively how you can get access to a Federal Mortgage loan in Nigeria, the steps and procedure to it. Federal Mortgage Loans Details in Nigeri...

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