Key Considerations When Buying Your First Home in Nigeria

Buying your first home is a significant milestone, but it can also be overwhelming. Here’s what you should consider before taking the plunge:

1. Set a Realistic Budget: Understand all the costs involved, including property price, legal fees, mortgage down payment, and any additional taxes or levies.

2. Location Matters: Ensure your home is in an area with good infrastructure, access to amenities, and proximity to work or schools.

3. Check the Developer’s Reputation: In Nigeria, working with reputable developers like Broadleaf Shelter can protect you from legal issues and poor-quality builds.

4. Legal Documentation: Ensure all property documents, such as the Certificate of Occupancy (C of O), are in order before purchasing.

5. Long-term Plans: Consider your future plans when buying—whether it’s reselling the home or using it as an investment, choose a property that meets both your current and future needs.