Amazing Property

If you’re thinking about moving, there are a lot of factors to consider aside from the house itself. Homeowners associations are one example. Living in a community with a homeowners association can have its benefits but also its downsides. It’s important to be well-aware of the implications of living in a community with a homeowners association before you make an offer on a house. The Basics: What Is An HOA? An HOA is a governing body in a community, and you’ll often find they’re present in gated neighborhoods, planned communities, and apartment and condo buildings. An HOA is funded and operated by residents, and there’s a board of directors. HOAs have meetings, create budgets, and are responsible for enforcing regulations and rules. The rules set by an HOA are legally enforceable. A well-run HOA can improve property values because they work to make sure the community maintains a certain standard as far as how homes and lawns look. Poorly run HOA...

The bad spot at Joju, Sango Ota road in Ogun State These times are not really the best for professionals and housing market in Sango Ota, gateway to Ogun State, as the once vibrant town has seen property values decline by over 60 per cent due to the deplorable state of roads in the area. The development has impacted negatively on rapid economic development, housing growth and land prices. For instance, rents have dropped significantly by over 50 per cent while vacancy rate has continued to rise. The Guardian gathered that Sango Ota corridor, especially along the Lagos – Abeokuta expressway had been in a sorry state over two-years with residents and travellers having a bitter experience, especially during rainy season. The roads are riddled with potholes while motorists spend longer hours to navigate the axis and oftentimes at the mercy of miscreants, who take advantage of the dilapidated infrastructure to exploit road users. The bad condition of roads have also contribute...

Aerial view of Abuja, Federal Capital Territory. • Demand sustainability, transparency in new process Following the Federal Executive Council (FEC) approval for the resumption of the Federal Capital Development Authority (FCDA) land swap initiative, property developers and government officials are divided over prospects of the scheme. While some property developers believe that years of suspension have cast a doubt on the programme and devaluation of the naira will escalate cost of infrastructure, others say a new start will boast housing delivery and attract foreign investors. The initiative worth about N1 trillion initiated under Senator Bala Mohammed-led administration was specifically designed to remedy the infrastructure deficit in the federal capital through swapping land with private investors, who would in turn provide the necessary infrastructure. Under the scheme, Greenfield lands are granted to real estate developers who would provide infrastructure such as, ro...