Buying a property is a significant investment, and asking the right questions can save you from costly mistakes. Whether you’re a first-time buyer or an experienced investor, these seven questions will help you make an informed decision before purchasing a property in Nigeria.

1. Is the Property Title Valid and Verified?

Ensure the property has a valid title to avoid legal disputes. Key documents to verify include:

  • Certificate of Occupancy (C of O).
  • Deed of Assignment.
  • Governor’s Consent.
    Work with a real estate lawyer to confirm authenticity.

2. What is the Location’s Growth Potential?

The property’s location impacts its value and usability. Ask about:

  • Proximity to schools, hospitals, markets, and transportation.
  • Future development plans in the area.
  • Security and accessibility.

3. Are There Any Hidden Costs?

Apart from the purchase price, you may encounter additional expenses like:

  • Legal and agency fees.
  • Survey and documentation charges.
  • Development levies (in estates or gated communities).

4. Why is the Property Being Sold?

Knowing the seller’s reason can give you leverage during negotiations. Common reasons include:

  • Relocation.
  • Financial challenges.
  • Property disputes (always investigate thoroughly).

5. What is the Property’s Condition?

If it’s a completed building, inspect for:

  • Structural issues like cracks or leaks.
  • Functional utilities (electricity, plumbing, water supply).
  • Pest infestations or environmental hazards.

6. What Are the Zoning and Land Use Regulations?

Ensure the property is approved for your intended use. For example:

  • Residential properties should not be in commercial zones.
  • Check for restrictions on building modifications.

7. Who Are the Neighbors and What is the Community Like?

A property’s value is influenced by its surroundings. Inquire about:

  • The quality of neighbors (noise levels, security).
  • Community rules (especially in estates).
  • Flood history or environmental challenges.

Bonus Tip:

Ask if the property is listed on a trusted platform like property.hub.i.ng, where you can find verified listings and connect with reputable agents.

Conclusion

Asking these questions will help you avoid common pitfalls and make a confident property purchase. Take your time, consult professionals, and ensure everything checks out before signing the dotted line.