Looking for a property in Lagos can feel like being stuck in third mainland traffic—frustrating, with a lot of stops and starts, but if you’re strategic, you’ll eventually get to your destination. Whether you’re new to the Lagos property scene or a seasoned house-hunter, this bustling city has plenty of options. But between the “Ogas” claiming to have the best deals and endless listings that sound too good to be true, where do you start?
Let’s dive into some essential tips to help you nail your property hunt in Lagos.
1. Set a Budget and Stick to It
Lagos is the city where you’ll find everything, from modest apartments to luxury mansions—both within a few miles of each other. Knowing how much you can afford is the first step. Be realistic about your budget. Factor in not just the rent or mortgage, but also service charges, agency fees, and moving costs.
Tip: Always account for an extra 10-20% above the listed price for unforeseen expenses. Yes, even in Lagos, surprises are the norm.
2. Choose the Right Neighborhood
Lagos has a diverse set of neighborhoods, each with its own vibe, costs, and appeal. Looking for an affordable but peaceful area? Try Surulere. Want to be close to the hustle and bustle of business life? Victoria Island or Lekki might be your sweet spot. If you’re a fan of greenery, old money and upscale living, Ikoyi or Ikeja GRA might be more your speed.
Research the areas that suit your lifestyle. What’s the commute like? How’s the traffic at 8 AM on a Monday? These are all things you’ll thank yourself for considering later.
3. Don’t Fall for the Hype
Lagos real estate agents love to talk—and embellish. A property might be advertised as “10 minutes from Lekki Phase 1,” but it could actually be 30 minutes away in light traffic. Always check the location, visit the property multiple times if possible, and don’t rely solely on glossy pictures.
Pro Tip: Google Maps is your friend. Pin the address and calculate commute times during peak hours.
4. Leverage Online Platforms (But Be Smart)
There are tons of property websites and social media accounts showcasing listings, from the fanciest penthouses to humble studios. While these platforms make it easier to explore options, be cautious. Some listings might be outdated or flat-out fake.
Stick to reputable platforms, and when in doubt, cross-check listings across multiple websites. Better yet, work with a verified real estate company that gives accurate information and offers virtual tours. At nimblecasa, we offer all of these and more.
5. Visit Multiple Properties
It’s tempting to settle for the first property that looks decent, especially after seeing a few wack ones. But remember, it’s Lagos! There are plenty more options. Don’t be shy about shopping around.
Seeing multiple properties will also help you get a feel for pricing, amenities, and overall value. Keep a checklist, because trust me, after seeing five different apartments, they’ll all start to blur together.
6. Verify All Documentation
The last thing you want is to fall in love with a property, only to find out the ownership documents are sketchy. Lagos has its fair share of fraudsters. Before handing over your hard-earned money, make sure all documentation is in order. This includes title deeds, surveys, and land use permits.
Tip: Always have a trusted lawyer review everything before signing any agreement. It’s worth the extra cost for peace of mind.
7. Negotiate, Negotiate, Negotiate
If there’s one thing Lagosians love, it’s negotiating. Never accept the first offer. Whether it’s rent or the price of a property, there’s usually some wiggle room. Use your research (and charm) to negotiate better deals.
That said, be reasonable. If a landlord or seller feels you’re lowballing them, you might lose the property to someone else, so strike the right balance.
8. Consider Proximity to Essentials
In Lagos, where traffic can easily turn a 15-minute drive into a two-hour ordeal, it’s important to consider proximity to key locations. How far is the nearest supermarket? Hospital? School? Church or mosque?
Living in a gorgeous apartment that’s a two-hour drive to work or the hospital isn’t ideal. Make sure your new home is conveniently located for the essentials.
9. Inspect Thoroughly
Don’t rush through your inspection. Ensure that everything is in working condition—check the plumbing, electricity, water pressure, and overall structural integrity. Look out for cracks, leaks, and anything that may cause problems later.
If you’re investing in an off-plan property, request to see other completed projects by the developer to assess their quality of work.
10. Be Patient, But Act Fast
Yes, this is contradictory—but property hunting in Lagos requires both patience and speed. Be patient in finding the right place, but when you do, act quickly. Your dream home is also somebody’s elses dream home. The property market here moves at lightning speed, and hesitation could cost you the perfect home.
Final Thoughts
Property hunting in Lagos can be overwhelming, but with the right tips, it becomes less of a headache and more of an adventure. Set a budget, be strategic, stay informed, and above all, remain flexible. Remember, your dream home is out there waiting for you—just be ready when it comes!
Good luck and happy hunting!
For more helpful tips and the best property listings in Lagos, follow us on Instagram @nimblecasa
Visit our website – www.nimblecasa.com to browse our latest properties.
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