Amazing Property

It’s summertime and you’ve been thinking about selling the house. The weather is great which makes it easy to show your home, and the kids are out of school to help you pack everything up (or just eat ice cream and watch you do it). If you’re wondering the best time to sell your house and want to take advantage of the current sellers market, then we’ve got the answers for you below. When to List to Get the Best Price and Sell the Fastest Every day real estate surges forward with a new abundance of real estate tech tools. These tools are the building blocks of the future of real estate and help to predict the temperature of the market. We’ve used one of these tools to give you the best time to sell your house based on cold, hard numbers. If you need to put your home on the market now, you’re in luck. Nationwide housing market data shows August as the best time to list a house in order to get the highest sale price. August was the best time t...

PHOTO: NaijaSky A decade’s worth of new hotel supply in Lagos is cause for concern for operators and authorities. The Guardian gathered that investors in hospitality development are now converting homes to hotels in many viable locations in the metropolis. They are targeting the huge population for their market. This growing investment has resulted to many residential buildings giving way for hotels in areas like Oshodi, Bariga, Agege, Ilasa, Mushin and Isolo. With national housing production put at approximately 100, 000 housing units per year, the reality is that Lagos as an urban centre, bears the brunt with about 2,904,000 units in deficit , representing 66 per cent of the nation’s 17 million housing deficit. Also, about 14, 520,000 of its inhabitants live in slums, which made Lagos being dubbed the “mega-city of slums. Before now, investments in hospitality development are limited to choice areas like Ikeja, Lagos Island, Victoria Island and environs but with the ...

Lagos Revenue House, Alausa, Ikeja New grounds have broken on the real estate market as Lagos authorities have acquired the famous Elephant Cement House, a multi-storey office complex situated at Ikeja Central Business District at a cost of N3.1 billion. The building was home to Lafarge Africa Plc, a leading Sub-Saharan Africa building materials company and a subsidiary of LafargeHolcim, owners of the commercial property.Tenants in the flagship property include Lagos government agencies, corporate organisations and leading players in the banking industry, UBA and Stanbic IBTC. Already, the state has taken possession of the edifice and renamed it, Lagos Revenue House.  The facility situated on a land area of 10,307.97 square metres with a car park of4, 687 square metres. The total built area is about 1,700 square metres while its green area is about 800 square metres. Similarly, the new Lagos Revenue House has eight floors. The facility has 4 (four) wings labeled...

Many homeowners have limits on their home insurance policies that are too low to cover the full cost of repairing or rebuilding in case of a natural disaster—and the problem is particularly alarming in areas at risk of hurricanes and flooding, The Wall Street Journal reports. Catastrophic damage left in the wake of Hurricanes Harvey, Irma, and Maria last year revealed a widespread lack of full insurance coverage for many homeowners in Texas, Florida, Puerto Rico, and elsewhere, according to the Journal . The problem is that while many homeowners may have home insurance, their policies are too low or they don’t have flood coverage, which generally must be purchased under a separate policy. “Many people thought that they had a fully insured home or fully insured business” before last year’s storms, says Iraelia Pernas, executive director of Acodese, an industry group for insurers in Puerto Rico. “They discovered that there were some exclusions in their...

Fact: If you have a self-managed super fund and have used it to purchase property, you’ll need regular property valuation updates. The end of the financial year is a busy time for everyone, particularly if you have a self-managed super fund (SMSF). Mandatory yearly audits are required for SMSF managers to ensure compliance with SMSF rules and Australian Tax Office (ATO) guidelines. If you’ve purchased property with your SMSF, you may you be required to schedule regular independent valuations of the property from a qualified valuer for your annual financial statements. Let’s help you understand your obligations. A qualified valuer will provide you with an independent valuation of your property’s market value. Picture: realestate.com.au When is a property valuation required for a SMSF financial statement? Every year SMSF owners and managers are required to prepare financial statements. For people who own a property within a SMSF, this will need to include the curre...

If you're brand new to the wonderful world of home loans, you might be a bit overwhelmed at how many different types of financing options are really out there. There's a fixed rate loan and there's an adjustable rate loan. There's also what is referred to as a "hybrid" loan, which in essence is an adjustable rate mortgage but has an initial period where the rate is fixed for say three or five years before turning into a loan that can adjust once very six months or a year. If you decide you want a hybrid loan, then you'll need to decide which rate you want to take. Do you want a lower rate and pay a discount point to get that rate or will you opt for the no-point option and take a slightly higher rate? Do you want to lock in that rate right away or wait for a while until you get closer to the closing date? If you want to lock now, how long do you want your lock period to be? These questions and more will be presented to you by...

Minister of Water Resources, Mr. Suleiman Adamu Towards addressing Nigeria’s mounting development problems, including enhanced quality of life, the Federal Government has called for the transformation of urban water, sanitation and hygiene (WASH) utilities into financial viable entities. It noted that the pathway to be taken to accomplish utility transformation is rough as it cuts through difficult terrains of institutional reform, organizational strengthening, infrastructural development and injection of innovations and proactive response to climate change. The Minister of Water Resources, Suleiman Adamu, an engineer, who made the call at the opening of the first International Conference of Nigeria Water Supply Association (NWSA) on the theme: “Transforming Urban Water Supply and Sanitation Utilities into financial viable entities” in Abuja; sought for focused leadership, strong management and support of the citizenry for the mission to be accomplished. In recognition...

Locke Apartment property Lekki, Lagos, a property owned by Union Homes Real Estate Investment Trust (UH REITs) has come tops with the highest rental yield of about 8 percent.This was closely followed by UH REITs’ commercial property at N0 64 Opebi Road, Ikeja measuring 1,433 square metres and Ogoaro Crescent, Garki, Abuja commercial property measuring 2,427 square metres. Locke apartment is fully residential and comprises of 15 units block of flats with yearly tenancy as well as 80 percent of occupancy rate.The property was built a year old against that of Ikeja and Garki property built seven years ago.Typically, rental yields reduce as the property ages. Property values in Lagos rise faster than rental income. The lower the rental yield, the higher the property value and vice versa. The figures were posted on the website of the Nigerian Stock Exchange by Union Homes Real Estate Investment Trust as its official rental yield data provided for their real estate properties locate...

Grab your selfie stick, because June 30 is Social Media Day. Social media platforms like Facebook, Twitter, Instagram, LinkedIn, and Pinterest have become vital for real estate marketers to get their content out to their audience and connect with prospective clients. “Hopefully, if you’re an agent, you spend more time on social media doing business than scrolling through feeds,” says Grant Findlay-Shirras, co-founder of Parkbench.com, a real estate marketing company. “Social media marketing is about creating content and adding value.” If you’re looking for some fresh content marketing ideas to liven up your profiles for Social Media Day, Findlay-Shirras has five strategies for agents, teams, and brokers. Interviews. Ask a local business owner or professional in your market to do a video interview to promote them and what they do. This is a great way to generate reciprocate referrals, Findlay-Shirras says. Publish the video on YouTube, add it your blo...

The construction of a conventional brick house can take months and the whole process can be labour and time intensive, particularly when it comes to bricklaying. But building houses has just got simpler – there’s a new brick on the block. The brainchild of French startup Catharhome, Brikawood is basically like giant wooden Lego. Think back to happy childhood memories of hours spent creating clever constructions using the world’s most iconic plaything and you won’t be far off the actual process of building a Brikawood home. Made from sustainably sourced Douglas fir, Brikawood ‘bricks’ are “100% recyclable” and designed to interlock without the need for nails, concrete, cladding or glue. Brikawood homes are designed to consume far less energy than conventional constructions. Picture: brikawood-ecologie.fr According to the company, building a Brikawood home is like “an intuitive and logical game”. Slot the bricks together, ti...