3 BEDROOM FLAT WITH 3 TOILETS/2 BATHS @ MIRACLE AVENUE, MAGBORO BEHIND MFM PRAYER CITY

TO LET

NICE 3 BEDROOM FLAT WITH 3 TOILETS/2 BATHS @ MIRACLE AVENUE, MAGBORO BEHIND MFM PRAYER CITY, LAGOS-IBADAN EXPRESSWAY  N350, 000 PER ANNUM * 1 YEAR

* It is in a secure and calm environment.
* It is fenced with gate
* Water supply is constant
* All the rooms are tiled
* The rooms has wardrobe
* The master bedroom is ensuite.  
* It is easily accessible to the nearest bus stop.

BEDROOM

 BEDROOM

 SIDE VIEW OF THE BUILDING

 MASTER BEDROOM

 SIDE VIEW OF THE BUILDING

 DINNING

 FRONT VIEW OF THE APARTMENT

 LIVING ROOM

 LIVING ROOM

 LIVING ROOM

 LOBBY

 BEDROOM

 BEDROOM WITH WARDROBE

 BEDROOM WITH WARDROBE

 BEDROOM

BEDROOM

For more information and inspection, please call BASHIR on 08104982099 or Ping me on 293E0B37.

Thanks in anticipation of your patronage of our service. 

A TASTEFULLY FINISHED 4 BEDROOM BUNGALOW @ IMPERIAL ESTATE, MAGBORO, OGUN STATE

 FOR SALE

DESCRIPTION: A tastefully finished 4 Bedroom bungalow well tiled with 4 toilets/3 Baths and fenced with gated.

LOCATION: Miracle Avenue, Imperial Estate, Magboro behind Prayer City, Ogun State

PRICE: =N=20, 000, 000 (Twenty Million Naira) Asking

ACCESSIBILITY: It is easily accessible from magboro road via Lagos-Ibadan Expressway.

For more information, call Bashir on 08104982099, 07083834540.

Thanks for your anticipated patronage.

PROPERTY INVESTMENT CHECKLIST

When it comes to selecting an investment property, there are a few issues that every property owner must take into consideration. No matter how marvelous a property is or how keen you are to invest, never make a property investment without carefully appraising the following items on your property investment worksheet.

          1. CALCULATE YOUR PROFITABILITY 

Although computing the likely profitability of an investment property may seem like a given, you might be amazed how many investors find themselves in a losing situation simply because they fail to do the math. Before buying an investment property at any price point, be sure you carefully determine how much rental income you are likely to generate on an annual basis. Weigh this against not only your mortgage and property taxes, but also all of the other costs that are likely to be incurred over the course of a year, such as advertising vacancies and doing general repairs and maintenance of the property.

When calculating these costs, be conservative when estimating income and err towards over-estimating your outgoing expenses. You want to make sure you have enough wiggle room in your profit margins to afford your investment property payments no matter what unforeseen events may unfold in a given year.

2. GET INSIDE RENTER'S MIND 

Sure, you're the one who's purchasing the investment property but never forget that you are purchasing it for the purpose of renting it out to tenants. Which means that while you obviously have to make a practical investment decision, you also have to think like a renter. Take a long hard look at exactly what sort of properties seem to be the most desirable in your area. Evaluate things like number of bedrooms, location, square footage, and other amenities. Knowing what renters want ahead of time helps guarantee that you won't struggle to fill vacancies or be forced to settle for less desirable tenants later down the line.

3. CONSIDER LONG-TERM 

Will this property still be good a few years down the line? Remember, when it comes to investments, you're not only investing in your financial well-being-you're also investing in your future. Which is why it's so important to take a good, hard look at long-term trends in areas you are considering. Look at city and county records to see how the neighborhood you're looking at buying into is trending. Have properties been increasing or decreasing in value over the past five or ten years? How about crime rates? Has the demographic remained stable over the past decade or has it evolved (for instance, are residents generally shifting from families to young, single occupants)?

While no one can predict the future, much can be learned from the past. Make sure that you know exactly what direction the neighborhood you're thinking about buying is headed.

Checking these few items off your Property Investment Checklist can make all the difference between a good investment and a bad one.

          For more information on evaluating your property investment checklist or  worksheet , you can call me      on 08104982099 or E-mail me at samueloloyedeandpartners@yahoo.com

         

Thanks for your anticipated patronage.

GREAT PROFIT MAKING TIPS THROUGH INVESTMENTS IN LAND

Location is the most important aspect to consider when buying land. Prices tend to vary a great deal, depending upon whether the land is located in an urban area or in the rural area. It may often be difficult to obtain planning permission to build houses on land in the rural area, especially if the land is in the green belt area. Thus, it may be possible to buy land cheaper in the rural area. This could primarily be due to supply and demand - as there will be fewer potential buyers available. A thorough appraisal of any land, especially its location should therefore be conducted prior to parting with any cash.

Another important factor is the surrounding environment, which should also be taken into consideration. Smell and ambient sounds play an important role in determining the feasibility of the land for further development. It is not expected that people will trade odours of fumes in urban areas to the agricultural smell of animal husbandry!

You need to verify whether any zoning issues, which could affect the land you are considering  to purchase, is involved. There are certain greenbelt land that cannot be zoned and sold as development land. As an investor, you need to be aware of this and ensure you do not buy land that is protected under this scheme.

The geological environment must also be investigated. This is also necessary to minimize the damage that might result from hazards, affecting more particularly the soil. Soil component structure will reveal important information that will determine the probability of further development.

Access to the land by way of existing routes and roads is of paramount consideration. Transportation facilities must be in excellent shape as the land with good access routes is more likely to achieve planning permission for new build properties than land that is in the middle of nowhere.

Services such as water supply and electricity are also important points that need to be considered when purchasing land. The state of these services must be studied in order to determine if development of the land is likely to be possible.

When buying land, you can either purchase plots with planning permission approved or use a long term approach of buying land with no planning permission in the hope of obtaining it further down the line. Obviously the latter option will provide greater returns associated with the greater risk levels.

If you want to opt for low risk level, it may be advisable to purchase to buy that land at a prescribed price, for example, within three years. The three years should be enough for you to determine whether or not you are likely to obtain planning permission. If planning permission is likely to be granted, you should purchase the land. Otherwise, you don't go ahead with the purchase in order not to lose the entire purchase price of the land.

You should also be looking to get a credible advice from real estate investment practitioners who will also update you on the kind of risks involved in the initiative. 



For more information on profit making tips through land investment,you can call me on 08104982099.



To engage the service of a professional and qualified Real Estate firm to manage or conduct the sale of your property professionally or you need an efficient professional advice on property investments and other related real estate professional services such as property valuation, you can cantact us on 08104982099,07083834540 or e-mail us at samueloloyedeandpartners@yahoo.com. 

TIPS ON HOW TO SELL PROPERTY FOR PROFIT

BE ZONE CONSCIOUS

If you don’t keep up with zoning development and control in your city by the local planning authority, you could be selling your house just before zoning adjustments are being implemented. These zoning adjustments could considerably increase the value of your property. Haste makes waste, they say. So keep your eyes and ears tuned to city changes that could enhance (or affect) your position as a seller.

Pricing too high? Too low?

High and low pricing: sellers who like to make a killing price their property way too high, making

it out of reach to buyers who are looking at similar properties in the same location. Don't be priced out. Going to the other end of the spectrum, you'll know that you priced your house too low when it's bought the same or next day after you or your agent advertised it. It was “snatched” by someone else because it was way below market price.

Obviously, you as seller will try to get the highest price you can get for your property so you start

with a high price.

The buyer, on the other hand, will offer the lowest possible price he can negotiate. So you start high and he starts low. This creates plenty of room to negotiate - the gloomy area that lies between the highest and lowest prices.

This is where sellers can make the mistake of not demonstrating sufficient flexibility to the buyer!

This is the reason there are high and low prices in real estate - what Albert Lowry called practicing the give-and-take principle. “Such give-and-take is part of the bargaining process…It

gives you both room to negotiate…As you and the buyer make proposals and counterproposals,

you are inching closer to agreement…Then at some point one of you will yield no further.”

Develop the extra sense to know when to stop negotiating.

LEASING INSTEAD OF SELLING

Lease with option to buy: a lease option has a longer term than a straight option, usually running for as long as one year or longer. Some will even extend to three years, depending on the desire of the seller. While your lease is ongoing, you can rent out the property and be in a positive cash flow. The second advantage is, the property is appreciating in value. If you have a long lease option, you can then sell the property for the highest price you can obtain.

One last method for hot picks: be on the alert for long leases. Long leases will ensure that a property will be rented or leased for long periods of time, not just a year. Some commercial leases for example go for as long as 5 or 10 years. One example is the government. Take post

offices as the best illustration. The government will usually rent space for post offices on a long term basis. If the property you are eyeing has government outlets like the post office, government agencies e.t.c these buildings qualify as hot property!

Location!

You've heard about the three principal parameters in real estate? One - location, two - location, and three - location. Take that with a capital “L”. One trick in looking for that pot of gold at the end of the rainbow is to buy the worst property in the best neighborhood, NOT the best property in the worst neighborhood.

This is a prime important rule that sophisticated inventors try never to break.

For more information on how to sell property for profit, call me on 08104982099 or 07083834540.

 

TOP 10 TIPS ON FINDING AN INVESTMENT PROPERTY

There is certainly no science or techniques in finding an investment property, or none that has yet been discovered.

There are, however, some solid rules of thumb that by checking as many off as possible, you will have a good stategy and reduce as many of risks as possible.

HERE ARE THE TOP 10 TIPS:

1. Property located in an area where there is a positive population growth.

2. Area that has an abundance of employment opportunities.   

3. High rental demand

4. There is enough infrastructural developments (current or planned) to support the needs of the community such as transportation facilities and schools.

5. The suburb has an evident history of strong capital growth.

6. There is only limited supply of properties in the area, to ensure that the demand remains strong.

7.  Purchase a property within the median price range. It will be easier to sell or rent out.

8. Choose a low maintainance property. Ensure that the property you are buying is well built and free from any defect.

9. Located in pleasing and safe environment.

10. Check the availability of shopping centres, parks, sport facilities and other amenities that will make the area attractive to other potential buyers and tenants.

For more information on finding an investment property, call me on 08104982099.     

PROPERTY BULLETIN FOR AUGUST/SEPTEMBER 2013

FOR SALE

BUILDING

1. One Plot and half  @ Beckley Estate, Abule Egba, Lagos                                        N9M
2. 4 Bedroom Duplex + BQ in a Serene Environment in Opebi                                    N70M
3. 5 Bedroom Duplex @ Falolu Street, Surulere                                                         N120M
1. A Property along Muritala Muhammed Way, Alagomeji, Yaba                      N80M
4. A 4 Bedroom bungalow on full plot (up to finishing level) @ Nitinghale off 
5. AIT road, Alagbado                                                                                                   N8M
6. A 5 Bedroom bungalow with large parking space @ Abiodun Odukoya Street, off Mowe-Ofada road, Mowe                                                                                                              N20M

8. A Tastefully finished 4 Bedroom bungalow with self compound @ Miracle Avenue, Magboro                                                                                                                                        N20M             

9. Uncompleted 6 Bedroom Detached House on 669 Square Metre of  Land

 @ Agbede Olosugbo, Agric, Ikorodu                                                                    N7.5M

10.  2  Wings of 6 Bedroom Duplex @ New Oko-Oba, Agege                                       N45M
11. An Uncompleted 3 Bedroom bungalow @ Unity Estate, off Baiyeku road, Igbogbo, Ikorodu                                                                                                                    N2.5M

LANDS

12. A Fenced Plot of Land with BQ on 669 Sqm @ Asa Estate, Soluyi, Gbagada          N21M
13. A plot of Land measuring 570 Sqm @ Gbala Street, Soluyi-Gbagada with C of O   N22M
14. A Land measuring 4582.1 sqm @ Tigbegbe Street, Ijaiye Ojokoro, Agbado            N45M 
15. A plot of Land @ Imperial Estate, Magboro                                                             N6M
16. A Land measuring 3463.404 Sqm @  Olubadan Housing Estate, Ibadan:                 N45M
17. A Land measuring 5550.460 sqm @ Olubadan Housing Estate Along Ibadan/Ife Road, Ibadan                                                                                                                     N50M
18. A Plot of land along Magboro Road, Magboro                                                        N14M

TO LET

1.      3 Bedroom Flat all room ensuite (new) @ Miracle Avenue, Magboro                         N400,000

2.      Tastefully finished 3 and 2 Bedroom flat all room ensuite @ Ayoyinka Odukoya

Crescent off Magboro road, Magboro. (Corporate tenant)                    N400,000/N500,000                                 

                                          

                          SAMUEL OLOYEDE & PARTNERS           

     Estate Surveyors & Valuers

7b, Ogunsiji Close, Off Ogunmodede Street, Near Medical Ikeja Centre,

Allen Avenue Ikeja, Lagos.

TEL: 08104982099, 08062824907, 08032006958, 08104982133                       

E-mail: samueloloyedeandpartners@yahoo.com

                                             Website: www.samueloloyedeandpartners.com

                                                        Thanks for your patronage.