5 Things To Know Before Buying Your First Property

As we all know, renting an apartment has several major advantages – more importantly, the freedom to move in and out whenever you want. This is why you can find thousands of great rent offers on JiJi. However, owning property is a very important step for every adult, and the advantages of owning your own place instead of renting one are very clear. If you’re ready to buy your first piece of real estate, but don’t want to feel disappointed with your choice later, check out these 5 tips and you’re guaranteed to make a perfect choice.

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1. Consider all costs

When you’re renting a house or apartment, your costs are usually rather limited – they mostly consist of the rent itself, plus several other expenses like the Internet bill and a parking space. Owning property means different kinds of expenses that you need to be able to cover. These new costs include mortgage, electricity bills, garbage disposal, security, estate community fees, and other types of expenses. The exact amount and number of costs varies from city to city and from property to property, so make sure to consult your real estate agent about those extra costs before signing any documents.


2. Possibilities for growth

With our lives being extremely volatile, it’s hard to plan even a year ahead, let alone 5 or 10 years. Today you might want a small house just for yourself, but in a few years you can be married with children, and in that case you’re going to need bigger property. For this reason, it’s important to explore the growth opportunities of your selected property. Will you be able to need more bedrooms or bathrooms in case you need more square footage? If you cannot answer this question on your own, consult an architect, or pick a larger house or apartment if you’re planning to start a family soon.

3. Build quality

No one want to buy property that will start to disintegrate within a year from the purchase, but that’s exactly what can happen if you don’t pay enough attention to the state of the house during your initial viewing. It’s best not to perform this inspection alone: if you go to Services on JiJi, you will find experienced and qualified plumbers, electricians and builders who will take a look at your future property and tell you if it’s worthy of your attention. Buying a property in a deteriorated condition is not a smart step, which is why this step should not be skipped.


4. Research prices

A lot of first-time property buyers fall in love with a place so quickly that all they can think about is paying the money and finally owning the property. However, skipping the research part of the buying process can result in overpaying for property and losing the hard-earned money. The best way to research property in different locations and price levels is to go to JiJi. There you will find real estate in different cities (like Lagos, Abuja, Rivers, Oyo) and different types of property (apartments, 1-bedroom houses, 2-bedroom houses, bungalows). By comparing the prices you will make a smarter choice.

5. Don’t look for a perfect home

As a first-time real estate buyer, you need to realize one thing: the property you can afford might not be your dream property, and that’s ok, because with a certain level of care and love any property can be turned into a comfy family home. All it takes is a bit of effort. Of course, it doesn’t mean you should go for the property you don’t like at all or property that is in a bad condition, but when you stop looking for a perfect piece of real estate and start looking for a good one, you’ll make a far better choice and will not be disappointed with your decision.


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