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Guide to buying a second home

1. Define Your Purpose: Clarify why you want a second home—vacation, rental income, or investment.

2. Financial Assessment: Evaluate your budget, considering mortgage, taxes, insurance, and maintenance costs.

3. Location Research: Choose a location based on your goals, considering amenities, future development, and market trends.

4. Mortgage Options: Explore mortgage choices and interest rates, considering your financial situation and loan terms.

5. Tax Implications: Understand tax implications, as they differ for second homes. Consult a tax professional.

6. Rental Potential: If for rental income, research the local rental market and regulations.

7. Visit the Property: Personally inspect the property, assessing its condition and surroundings.

8. Future Resale Value: Consider the property’s potential resale value by analyzing the local real estate market.

9. Insurance Coverage: Secure appropriate insurance coverage, including property and, if applicable, rental insurance.

10. Local Regulations: Be aware of local zoning laws, restrictions, and any homeowners’ association rules.

11. Professional Assistance: Consider hiring a real estate agent, especially if the property is in an unfamiliar area.

12. Plan for Upkeep: Have a plan for maintaining the property, especially if you won’t be there consistently.

Remember, careful planning and research are crucial when buying a second home to ensure it aligns with your goals and financial capabilities.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625

15 Common HOA Covenants & What They Really Mean

1. Architectural Guidelines: Rules on the design and aesthetics of structures in the community.

2. Landscaping Requirements: Specifications for maintaining front yards, gardens, and common areas.

3. Exterior Paint Colors: Restrictions on the color palette of houses to maintain a cohesive look.

4. Noise Restrictions: Limits on loud activities during certain hours to ensure a peaceful environment.

5. Pet Regulations: Guidelines on pet ownership, including size, breed, and leash rules.

6. Rental Restrictions: Rules regarding leasing or renting out properties within the community.

7. Parking Rules: Regulations on where residents and guests can park to control congestion.

8. Home Business Restrictions: Limits on operating businesses from home to maintain a residential character.

9. Maintenance Responsibilities: Outlines tasks homeowners are responsible for to keep their property well-maintained.

10. Trash Disposal Guidelines: Rules on garbage collection, recycling, and proper disposal practices.

11. Fencing Restrictions: Specifications regarding the type and height of fences allowed on properties.

12. Satellite Dish Rules: Guidelines on the installation and placement of satellite dishes.

13. Holiday Decorations: Restrictions on the timing and type of holiday decorations allowed.

14. Access to Amenities: Specifies who can access community amenities and under what conditions.

15. Enforcement Procedures: Outlines the process and penalties for covenant violations.

Understanding these covenants helps maintain harmony in the community and ensures a pleasant living environment for all residents.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625

10 tips for hiring a landscaper

1. Research and Recommendations: Seek recommendations from friends, neighbors, or online reviews. Research potential landscapers to ensure they have a good reputation.

2. Licensed and Insured:Confirm that the landscaper is licensed and carries insurance. This protects you from liability in case of accidents or property damage.

3. Experience and Expertise: Choose a landscaper with experience in the specific services you need. Different landscapers may specialize in areas such as design, maintenance, or hardscaping.

4. Portfolio: Review the landscaper’s portfolio of previous work to gauge their style and quality of craftsmanship. This helps ensure their aesthetic matches your preferences.

5. Communication:Choose a landscaper who communicates well. They should understand your vision, provide input, and keep you informed throughout the project.

6. Cost Estimates: Obtain detailed cost estimates for the entire project, including materials and labor. Be wary of significantly lower bids, as they may indicate inferior quality or hidden costs.

7. Contracts: Insist on a written contract that clearly outlines the scope of work, timelines, payment schedules, and any guarantees or warranties.

8. References:Ask for references from past clients. Contacting previous customers can give you insights into the landscaper’s reliability and work quality.

9. Availability: Discuss the landscaper’s schedule to ensure they can start and complete the project within your desired timeframe.

10. Environmental Considerations: If eco-friendly practices are important to you, inquire about the landscaper’s approach to sustainability, water conservation, and the use of environmentally friendly materials.

Taking the time to carefully vet and communicate with potential landscapers ensures a smoother and more satisfying landscaping experience.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625

How to buy distressed properties 101

Buying distressed properties involves several steps:

1. Research: Identify distressed properties through online listings, auctions, or working with real estate agents specializing in foreclosures.

2. Finances: Secure financing or have funds ready, as distressed properties often require quick transactions.

3. Due Diligence: Thoroughly inspect the property for issues and assess potential repair costs. Check for liens, outstanding taxes, and other legal aspects.

4. Negotiation: Negotiate with the seller, keeping in mind the property’s condition and your renovation budget.

5. Legal Assistance: Engage with a real estate attorney to ensure all legal aspects are covered and to navigate any complexities.

6. Finalize the Deal: Once terms are agreed upon, finalize the purchase through the appropriate legal channels.

7. Renovation: Implement necessary renovations to increase the property’s value.

8. Market or Rent: Decide whether to sell the property for a profit or hold it for rental income.

Remember, it’s crucial to be well-informed and cautious when dealing with distressed properties.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625

How to Fix and Flip Homes in Lekki

1. Market Research: Conduct extensive research on the Lekki real estate market to identify neighborhoods with potential for profitable fix-and-flip projects. Analyze property values, demand, and trends.

2. Budget Planning: Develop a detailed budget that includes acquisition costs, renovation expenses, carrying costs (such as property taxes and utilities), and a buffer for unexpected expenses.

3. Legal Due Diligence: Engage a legal professional to ensure all property documents are in order. Verify ownership, check for liens, and confirm that the property complies with local regulations.

4. Property Inspection: Conduct a thorough inspection to identify necessary repairs and renovations. Prioritize structural issues, electrical and plumbing systems, and cosmetic improvements that can add value.

5. Cost-Effective Renovations: Focus on renovations that provide the best return on investment. Consider cosmetic upgrades, modernizing kitchens and bathrooms, and addressing any structural issues.

6. Project Management: Efficiently manage the renovation process to stay within budget and timeline. Regularly communicate with contractors and oversee the quality of work to ensure it meets market standards.

7. Strategic Marketing: Develop a marketing strategy to attract potential buyers. Use professional photographs, highlight key features, and consider staging to showcase the property’s potential.

8. Pricing Strategy:  Set a competitive yet profitable selling price based on the local market. Consider the investment made, comparable sales in the area, and the added value from renovations.

9. Quick Turnaround: Aim for a swift turnaround to minimize holding costs. Efficiently complete renovations and prioritize a well-timed listing to capitalize on market demand.

10. Network with Professionals: Build relationships with local real estate agents, contractors, and other professionals who can provide valuable insights and services. Networking can enhance your fix-and-flip success.

Remember, successful fix-and-flip projects require a combination of market knowledge, financial acumen, and effective project management. Always be adaptable and prepared for unforeseen challenges in the dynamic real estate industry.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625

8 tips for buying rental properties in Lekki

1. Location Research: Conduct thorough research on different neighborhoods in Lekki to identify areas with high rental demand, good amenities, and potential for property value appreciation.

2. Budget Planning: Define a clear budget that considers not just the property’s purchase price but also additional costs like maintenance, property management, and potential renovations.

3. Market Trends: Stay informed about the real estate market trends in Lekki. Understanding the current and future market conditions can help you make more informed decisions about when and where to buy.

4. Legal Due Diligence: Engage a qualified legal professional to conduct due diligence on the property. Ensure all necessary documentation is in order, and there are no legal encumbrances on the property.

5. Inspect Thoroughly: Prioritize a comprehensive property inspection to identify any existing or potential issues. This includes checking for structural problems, plumbing issues, and the overall condition of the property.

6. Consider Rental Yield: Evaluate the potential rental yield of the property by comparing the rental income to the property’s cost. This helps ensure that the investment aligns with your financial goals.

7. Connect with Local Experts: Build relationships with local real estate agents, property managers, and other experts who have a deep understanding of the Lekki market. Their insights can be invaluable in making informed decisions.

8. Future Development Plans: Investigate any upcoming development plans in the area. Infrastructure improvements or new amenities can positively impact property values and rental demand.

Remember, successful property investment involves a blend of research, financial planning, and a keen understanding of the local market dynamics.


Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625

10 Negotiation Secrets Smart Buyers Use to Get Better Deals

1. Mastering Silence: Smart buyers embrace silence as a powerful tool, using it strategically to encourage sellers to fill the gaps and potentially reveal more information or offer better terms.

2. Understanding Seller Motivation: They delve into the seller’s motivations, identifying key drivers that can be leveraged during negotiations. Knowing what matters to the seller allows for more targeted and effective deal-making.

3. Creating Competition: Savvy negotiators generate a sense of competition by exploring multiple options simultaneously. This not only increases their bargaining power but also puts pressure on sellers to offer more favorable terms.

4. Focusing on Value, Not Just Price: Instead of fixating solely on the price, smart buyers emphasize the overall value of the deal. This includes considering additional services, warranties, or long-term benefits that may be negotiable.

5. Walking Away with Grace: Being prepared to walk away is a potent negotiation tactic. Smart buyers know that a willingness to walk can sometimes lead to concessions from the seller or open the door to better deals elsewhere.

6. Using Leverage Effectively: Identifying and capitalizing on sources of leverage, such as market trends, time constraints, or unique requirements, gives smart buyers a significant advantage in negotiations.

7. Building Relationships with Decision-Makers: Establishing connections with key decision-makers within the seller’s organization can facilitate smoother negotiations and increase the chances of getting favorable terms.

8. Mastering Emotional Intelligence: Recognizing and managing emotions, both their own and those of the seller, enables smart buyers to navigate negotiations more effectively and make rational decisions.

9. Flexibility and Adaptability: Understanding that negotiations are dynamic, smart buyers remain flexible, adapting their strategies based on new information or shifts in the negotiation landscape.

10. Thorough Preparation: Successful negotiators invest time in thorough preparation, anticipating potential scenarios, and developing responses. This level of readiness enhances their confidence and positions them for success at the negotiation table.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625

Investing in Lekki Real Estate 101

Investing in Lekki real estate involves several key considerations:

1. Location Analysis:

   – Research specific areas within Lekki to understand the current and potential future value of properties.

2. Market Trends:

   – Stay updated on real estate trends in Lekki, including property appreciation rates and demand.

3. Infrastructure Development:

   – Consider the ongoing and planned infrastructure projects in the area, as they can significantly impact property values.

4. Legal Due Diligence:

   – Ensure all legal aspects, including property titles and permits, are thoroughly verified before making any investments.

5. Budgeting and Financing:

   – Clearly define your budget and explore financing options, considering both short-term and long-term financial goals.

6. Realistic ROI Expectations:

   – Have realistic expectations about return on investment (ROI) based on current market conditions and future projections.

7. Property Type and Features:

   – Determine the type of property that aligns with your investment goals, whether residential, commercial, or mixed-use.

8. Local Amenities and Services:

   – Evaluate the proximity of the property to essential amenities like schools, hospitals, markets, and transportation hubs.

9. Engage with Local Experts:

   – Consult with local real estate agents, legal experts, and property managers who have knowledge of the Lekki market.

10. Risk Mitigation:

    – Identify and mitigate potential risks associated with the investment, such as market fluctuations, economic conditions, or regulatory changes.

11. Long-Term Vision:

    – Consider the long-term potential of the investment and how it aligns with your overall financial objectives.

12. Exit Strategy:

    – Have a clear exit strategy in case you need to sell or divest your investment.

Always conduct thorough research and seek professional advice to make informed decisions when investing in Lekki real estate or any real estate market.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625

7 Home Staging Mistakes That Can Hurt Your Home’s Value

Home staging is the process of preparing and presenting a residential property for sale in the real estate market. It involves enhancing the visual appeal of a home to make it more attractive to potential buyers. This may include decluttering, rearranging furniture, adding decorative elements, and addressing any necessary repairs or improvements. The goal of home staging is to showcase the property’s best features, create a welcoming atmosphere, and help buyers envision themselves living in the space. Ultimately, effective home staging can contribute to a quicker sale and potentially a higher selling price.

1. Overpersonalizing: Avoid showcasing overly personal items that may distract potential buyers from envisioning themselves in the space.

2. Cluttered Spaces: Too much furniture or decor can make rooms feel smaller. Keep it simple and allow for easy movement.

3. Ignoring Odors: Offensive smells, like pet odors or strong cooking scents, can be a major turn-off. Ensure your home smells fresh and inviting.

4. Poor Lighting: Dimly lit spaces can create a gloomy atmosphere. Make sure your home is well-lit to highlight its features.

5. Neglecting Repairs: Unaddressed maintenance issues can send the message that the home isn’t well-cared-for, potentially lowering its perceived value.

6. Extreme Themes: While personal touches are good, extreme themes or unusual decor may not appeal to a broad range of buyers.

7. Inadequate Curb Appeal: The exterior is the first impression. Neglecting curb appeal can make buyers hesitant before even stepping inside.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625

How do I find out if a land is registered in Nigeria?

In Nigeria, you can determine if a piece of land is registered by conducting a search at the appropriate land registry or land registry office. Here’s a general overview of the steps involved:

1. Visit the Local Land Registry: Each state in Nigeria typically has its own land registry where records of land ownership and transactions are kept. Visit the land registry office in the state where the land is located.

2. Provide Information: You’ll need to provide details about the land in question, such as the location, survey plan number, or any other identifying information. This will help the registry staff locate the relevant records.

3. Request a Title Search: Request a title search, which is an official search of the land records to determine the current ownership and status of the land. This may involve filling out an application form and paying a fee.

4. Review the Search Results: Once the search is conducted, you will receive a report or certificate showing the status of the land. This may include information about the land title, ownership, encumbrances, and any existing legal issues.

5. Consult with a Legal Professional: It’s advisable to consult with a lawyer or legal professional who specializes in real estate transactions to guide you through the process and interpret the search results.

6. Verify the Title Documents: If the land is registered, you should verify the authenticity of the title documents, such as the Certificate of Occupancy (C of O) or the Deed of Assignment, with the relevant government authorities.

7. Check for Encumbrances: Ensure that there are no outstanding debts, disputes, or encumbrances associated with the land that might affect its ownership or usability.

8. Due Diligence: Conduct a thorough due diligence process to confirm that the seller or current owner has the legal right to sell the land and that there are no legal issues that could affect your ownership rights.

Please note that the land registration process in Nigeria can vary from state to state, so it’s essential to contact the specific land registry in the state where the land is located for detailed guidance on how to proceed with the search. Consulting with a legal professional is also highly recommended to ensure that your land acquisition is legally sound and secure.

Invest in Real Estate with DESH NAUTILUS LIMITED and enjoy the benefits that comes with it 

With Desh Nautilus Limited you never go wrong… invest wisely!!  

 Website: https://deshnautilus.com.ng

http://Lagosproperty.net

Address: Plot 11A, Ralph Karirien Crescent, Lekki                   Peninsula, scheme II, Lagos, Nigeria 

Tel: 09063938623,   09028316625