What You Need To Know Before You Buy A House In Nigeria

Buying a property is a significant undertaking that requires careful consideration and planning. It’s not just about acquiring a physical structure; it’s about investing in your future and creating a place where memories are made. 

In Nigeria, the real estate market has been thriving, offering a wide range of housing options to cater to different needs. In this guide, we’ll walk you through the essential steps to consider when buying a house in Nigeria.

Evaluate Your Finances 

Before you start your house-hunting journey, take a close look at your financial situation. Determine how much you can comfortably afford without straining your budget or accumulating debt. Knowing your budget is crucial to avoid falling in love with a property that’s beyond your financial reach.

Do Your Research

Start by exploring real estate listings on websites, newspapers, and publications. Keep a record of homes that pique your interest and monitor how long they’ve been on the market. This will help you gauge local housing trends and identify potential opportunities. Seek advice from a reputable real estate agent who understands your specific needs and consult with a lawyer to ensure a smooth and legally sound transaction. Hiring a surveyor is also advisable to verify the property’s legitimacy.

Financing Options

Understand the various financing options available in Nigeria, such as conventional mortgages, FMBN loans, and corporate real estate loans. Ensure you can afford the down payment and maintain a good credit rating when seeking a mortgage.

Choose Your Location

Selecting the right location for your new home is a vital step in ensuring your overall satisfaction with your investment. When considering where to buy a house in Nigeria, it’s essential to factor in key elements such as proximity to educational institutions, healthcare facilities, commercial centers, and security.

Take, for instance, JED’S COURT ESTATE, which is strategically situated opposite the prestigious Lagos Business School. This estate features luxurious 4-Bedroom Master Duplexes with BQs and offers a range of amenities, including a well-fitted kitchen, a fully-equipped gym and gymnasium, high-speed internet connectivity, an inviting infinity swimming pool, and ensuite bedrooms. With 24/7 power supply, it provides a secure and comfortable living environment, all at the attractive price of N80 million.

If you’re seeking a location even closer to the heart of Lagos’s business district, you might consider JANELLE’S WHITE COVE. Nestled behind the World Oil Filling Station at Chisco Bus Stop, Ikate-Lekki, this estate boasts elegant 3-Bedroom Terrace Duplexes with a Penthouse. It provides all the amenities you desire, such as a modern fitted kitchen, a well-equipped gym and gymnasium, high-speed internet access, an exquisite infinity swimming pool, and ensuite bedrooms. Additionally, it offers 24/7 power supply for uninterrupted living. These remarkable properties are available at the competitive prices of 2BD/N80 million and 3BD/N90 million, respectively.

When deciding on the perfect location for your new home, remember that some of the most sought-after areas in Nigeria for real estate investment include Lekki, Ikeja, Victoria Island, and Ikoyi. These locations provide not only convenience but also the potential for significant appreciation in property value over time.

Find a Reputable Real Estate Agent

A skilled real estate agent can guide you through the entire process, helping you find a property that suits your budget and preferences. Ensure the agent is licensed and has experience in the industry. Attend open houses and ask for referrals from friends or colleagues to find the right agent for you.

Schedule Home Inspections

Tour properties within your price range, taking notes or photos to help you remember important details. Purchase offers typically depend on a home inspection to identify any structural issues or necessary repairs. A checklist can help ensure you evaluate each property thoroughly.

Negotiate the Price

Once you’ve found a suitable property and passed the inspection stage, negotiate the price with the seller or real estate agent. Aim for a mutually beneficial deal that aligns with your budget.

Involve Your Lawyer

The home-buying process involves a significant amount of paperwork. Your lawyer will handle the legal aspects, ensuring the property’s legal ownership and protecting your interests.

Close the Sale

Closing the deal involves signing all necessary paperwork and making the final payment. Seek legal advice to understand your obligations and avoid costly errors or scams.


Buying a house in Nigeria is a significant undertaking, but with careful planning and the right guidance, it can be a rewarding investment. Begin by assessing your finances, conducting thorough research, and choosing a suitable location. Engage a reputable real estate agent, schedule home inspections, and negotiate the price. Your lawyer will handle the legal aspects, and once everything is in order, you can close the sale.

Remember that patience is key during this process, and it’s better to take your time finding the perfect home that fits your needs and budget rather than rushing into a decision. By following these steps and considering the tips provided, you can embark on your journey to becoming a homeowner in Nigeria’s thriving real estate market.