One of the trends in Nigeria real estate presently, especially in Lagos, Nigeria is the sale of off-plan properties. While few investors know what this means, many have no idea of what off-plan properties mean and the benefits of investing in them.
If you’ve been observing this trend, you will notice that more of off-plan properties are storming the real estate market with different developers promising top-notch services. The problem with this type of real estate investment in Lagos is that, aside from deciding on a prime location to invest in, you wouldn’t know which developer will actually deliver on what is promised.
But first, what exactly do we mean by off-plan?
What is Off-Plan Property?
Off-plan property is a term used to describe real properties which are not in existence at the time of sale/purchase.
In simple term, interested buyers enter into a contract to purchase a real property pre-construction based on, amongst other things, the building plan, designs and track record of the developer/seller.
So in today’s real estate investment tip, I will be showing you the way to go as I have been doing for years so you won’t lose your hard-earned money to an investment gone wrong.
In about 7 minutes down this page, you will discover 6 wonderful reasons you should start buying off-plan properties right away, the benefits and exactly where to invest in – as you already know, location is very important in any real estate investment if you are looking at the profitability aspect of it.
Buying An Offline Property in Lagos; Investments Truths You Should Know
Buying and selling off-plan properties is actually not a new thing in the Nigeria real estate market, it is however becoming an in-thing since 2020. This may be due to the economic lockdown in order to curtail the spread of coronavirus.
So all hotels were on lockdown and many tourists, travels and others looked into short-let apartments. And since then, demand for apartments has increased significantly because many now see short-let houses as a good way to feel at home while away from home.
Below are some valid reasons why you should invest in off-plan sales of properties.
#1 – You Get Lower Price Below Market Value
One good advantage an off-plan property has over a ready-to-park-in house is the lower price. There is always a juicy deal for off-plan properties because the prices are always significantly lower.
And since the project delivery time is in some few months, investors are likely to make high returns on investment as soon as possible, in terms of reselling or rental income.
#2 – Ability to Spread Payment Conveniently
The second awesome benefit of going for an off-plan house is because of the ability to spread payment conveniently, for up to 18 months. In some cases, you can even spread payment for up to 2 years.
Another reason this is important is that, because it takes some few months before the property is delivered, your property must have appreciated in value. This means if you want to re-sell you will be getting a higher return on your investment and if you want to rent it out you will be getting a higher rental income.
Click here the advantages of buying off-plan properties in real estate.
#3 – You Can Sell at Completion
This one of the best ways to make money. Now, think about it, imagine investing your money in trusts or other investment options available to everyone. You will get returns, but none can be compared to this because getting your returns is assured.
If you compare finished properties with off-plan, you will discover that the price difference is huge. And since it takes some few months to get your property delivered, you will be able to sell off at the current market value.
#4 – You Make Rental Income For Life
I have had several intending investors say, “I want to invest but I don’t live in Lagos”. Well, that is okay!
How about having rental income from your investment and still having that property in your asset portfolio?
That sounds great, doesn’t it?
And considering the fact that Lagos is one of the most sought after property locations in Nigeria, and that it houses the most expensive city in Africa to live in, your rental income is prone to rise from time to time.
#5 – You Can Tweak The Design of Your Unit
This should be the number one point, shouldn’t it? One of the advantages of investing in an off-plan property is that you can get the opportunity to tweak your interior design.
You can have it “as you like it”. Let’s say the initial apartment comes with one store, but you want two stores, you can commune with the company about your desired results. Only an off-plan sale affords you that luxury!
Being a part of the building process is simply fantastic.
#6 – You Can Grow Your Capital
Investing in an off-plan property provides you a great way to grow your capital, viewing it as an investment that you have to put your funds in from time-to-time.
I mean, it is a wonderful way to live above inflation if you have a real asset you put your money on instead of having it sit idle in the bank.
Now you have you it – 6 amazing benefits of buying an off-plan property.
However, this piece won’t be complete without me guiding you through which of the off-plan properties you can buy or invest in and which of the locations are best for your investment.
Off-Plan Properties You Should Buy This Year for High ROI
While speaking of off-plan properties in Nigeria, most especially in Lagos, Ogun and Abuja, you can’t but mention the fact that there are plenty of unserious real estate developers out there that are not ready to deliver quality.
So I will be doing you good by guiding you through some trusted developers, with not only luxury properties, but with a good track, quality and affordable off-plan properties for sale.
1. The Ambiance, Ajah
The Ambiance made our top chart and e get why 🙂
Did you just ask, “why The Ambiance? Why not any other property?”.
Well, The Ambiance not only secures your investment, but it also delivers quality.
Secondly, remember that when investing in a property off-plan, trust is the keyword. Tribibat Real Estate Ltd, the developer of The Ambiance, have been in this game for about 4 years now and we can see with a track record of their other projects.
See the quality work at The Ambiance below;
Now that you are convinced that you are going with The Ambiance, let me tell you more about this modern, top-notch estate.
The Ambiance is located just before the Lagos Business School in Ajiwe and it’s situated right inside the prestigious Atlantic Layout Estate.
The estate is covered with a great land title; Governor’s Consent and it’s completely dry land.
Available off-plan units at The Ambiance;
- 2 Bedroom Terrace with BQ – N35M
- 3 Bedroom Terrace with BQ – N40M
- 4 Bedroom Fully-Detached Penthouse with BQ – N60M
At the moment, the Ambiance’s selling price starts at 35,000,000 naira. That is a very affordable price for a property of such standard in such a location. This is a juicy deal for those looking to invest in assets that are prone to appreciation.
Click here to watch the live video drive to the Ambiance, Ajah
Don’t wait to invest, as every minute counts. Start growing your funds today.
2. Camberwall Advantage 1 and 2, Ikate Lekki
Anywhere off-plan properties are mention, you can’t help but mention Camberwall Advantage because of its prime location – in the heart of Lekki Lagos.
Camberwall Advantage Phases 1 and 2, a development by Veritasi Homes, is located right in a well-developed location at Ikate Lekki.
This estate also meets all 6 benefits of an off-plan property I highlighted above this page.
Available units at Camberwall Advantage;
Camberwall Advantage Phase 1
- 2 Bedroom Apartments – N42M
- 3 Bedroom Penthouse with BQ – N70M
Camberwall Advantage Phase 2
- 2 Bedroom Apartments – N40M
- 3 Bedroom Penthouse with BQ – N68M
- 4 Bedroom Maisonette with BQ – N90M
Camberwall Advantage 1 and 2 got all you long for in an off-plan property such as;
- 24-hour security and power supply
- 2 elevators
- home automation
- swimming pool
- high-speed internet
- access card
- play area
- gym and
- ample parking space
Where else do you want to put your money if not on Camberwall Advantage? I mean, whether you are looking to create your home here or looking at higher rental income, you will just love it here!
3. The Signature Apartments and Terraces, Abijo
I can’t conclude this great article without mentioning The Signature because when talking about off-plan property, this estate is one of them. It also comes with all the benefits one gets for investing in off-plan properties, coupled with the fact that it’s been developed by Egletek Home Builders Ltd, a renowned developer in Lagos.
This estate is located at the specially reserved Green Park Scheme area of Abijo, overlooking the Corona International School and adjacent the famous Eko Akete Estate and just about 30 seconds off the Lekki-Epe Expressway.
It comes with a Certificate of Occupancy (C of O) as the title with Governor’s Consent in process and with great amenities such as gym, private elevator, vacuum sewage system, hardwood flooring, marble-finished tiles, CCTV cameras, 24/7 electricity, central green area for barbecue, etc
At The Signature, you get to enjoy green area, swimming pool, gym, large living room, solar energy, world-class road network and drainage, etc
Available housing units at The Signature with prices
Available are the following; terraces, apartments, penthouses and mansions.
- 2 Bedroom Apartment with BQ – N25M
- 3 Bedroom Terrace with BQ – N35M
- 3 Bedroom Penthouse with BQ – N36.5M
- 5 Bedroom Fully-Detached Duplex – N55M
Deposit just N5M and spread the balance for up to 12 months.
4. The Vault, Eleko
And lastly on this piece is The Vault. Located on the extraordinary Eleko Beach Road and nestled within Five Oaks Residences, The Vault consists of 2 and 3 bedroom houses with quality finishing.
The property boosts of a great title; Governor’s Consent and it’s a completely dry land. The Vault comes with some great features such as;
- dressing room
- walk-in closet
- en suite bedrooms
- open floored and fully equiped kitchen
- marble tiled floors
- ample parking space
- round the clock concierge services
- 24-hour security
- gym and
- swimming pool.
Available housing units at The Vault with prices
- 2 Bedroom Maisonette – N20.5M
- 3 Bedroom Maisonette – N22M
With just N3m initial deposit, you can spread payment for up to 6 months.
I believed I have done justice to the list above by giving you options based on different prime locations and pricing.
You get to choose one or more off-plan property from Lekki, Sangotedo, Abijo and/or Eleko. These locations are hotcakes and promises high appreciation rate.
To invest in any of the above off-plan property or for more enquiries, call me on 09015094850 or WhatsApp me directly