Investment in real estate is beyond buying
Investment in real estate is beyond buying but securing your investment and ensuring that your ownership is recognized and respected.
Steps to securing your landed property rights:
* Obtain a Certificate of Occupancy (C of O): From the relevant government agency.
* Conduct thorough land search
* Register your property with the relevant authorities.
* Obtain a Governor's Consent: If you're purchasing a land/property, ensure that the Governor's Consent is obtained, which is a requirement for the registration of the transfer of land ownership.
* Develop your land to establish ownership and prevent encroachment or trespass.
* Keep documents safe.
* Monitor your property regularly to prevent encroachment or trespass.
* Seek professional advice by engaging the services of a reputable Estate Surveyor and Valuer or a lawyer to help you navigate the process and ensure that your rights are protected.
* Pay your taxes and other levies to avoid any disputes or penalties.
* Document agreements. e.g all agreements, including sales agreements and contracts, are properly documented and signed by all parties.
* Survey plan: this defines your property boundaries on the earth.
* Be aware of any zoning laws or regulations
* Keep your neighbors informed about your property boundaries
* Consider obtaining an insurance policy to protect your property against unforeseen risks
Your investment, interest and right in real estate is better secured by following the above steps.
For more information, contact
John Eniwaiye & Co. Estate Surveyors, Valuers and Auctioneers on:
09153890333
WhatsApp: https://wa.me/2348179840660
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