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5 Best Ways to Get a Cheap Piece of Land in Lagos

The fact that most people consider buying a piece of land in Lagos a dream that cannot be achieved is discouraging. Statistics show that about 70% of Lagosians prefer to rent, rather than buy a property.

I must confess, buying a property in Lagos can be very stressful. It can also be risky. Many Lagosians try as much as possible to avoid buying properties because it can end up as a wasteful investment if they patronise the wrong agents. No wonder, some people who live in rented apartments in Lagos have built their houses in their villages.

CHECK: LAND FOR SALE IN LAGOS

Owning a house in Lagos is a good investment. It starts with buying a piece of land. So many people feel that buying a piece of land in Lagos is very expensive. But that’s not true because you can get a piece of land below 500,000 NGN in Lagos. So if you want to buy a piece of land right now. You can check out the properties below, by clicking on the links. All these properties range between 200-400 thousand Naira. Presently, they are the top 5 cheapest piece of Land in Lagos.

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Below are the top five steps to getting a cheap piece of land in Lagos.

  1. Desire to Buy a Land
  2. Save Monthly
  3. Pay with You Savings
  4. Pay Instalmentally
  5. Patronise reliable agents

Desire to buy a piece of land

If you don’t have the desire, you will never buy one. This is basic. Buying a piece of land should be one of your long-term or short-term goals. Build your interest by locating a good piece land in the area of your choice. Read magazines, journals, and articles on how to buy properties in Lagos. Check out property websites. You don’t need money to do this.

ALSO READ: Rent or Buy: A Guide to Finding the Right Home

Save Monthly

This sounds like a regular piece of advice, but saving part of your income will yield a lot of money at the end of the year. You can even be part of a group that does monthly savings locally called Esusu. Saving as low as 20,000 NGN of an income of 80,000 NGN monthly will make 200,000 NGN in ten months, thus, buying a land will be more accessible.

Pay With Your Savings

Having highlighted one of the easiest ways to save, buying a piece of land with your savings makes it a lot easier. The truth about saving monthly is that it allows you to be focused, determined, and diligent. When you know that you have to save, you cut cost. You won’t spend so much on shopping, your life seems more organised. However, investing your savings on something tangible is important.

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ALSO READ: Why it is Best to Invest in Real Estate this Season

Pay in Installments

It’s not bad to pay in calculated parts. If the property costs 500,000 NGN, you can pay 200,000 at first. There are mortgage schemes that allow you to get properties and pay with ease. So if this is what you want to do, cool. However, it is very important to be consistent with the payment.

Patronise Reliable Agents

One of the causes of land fraud is patronising bad agents. You need to make sure the agents are of reputable identity. I recommend tolet.com.ng when it comes to sales and rental of properties in Lagos. You can check out the website. You can also check out properties for sale free of charge. At least have a picture of your dream land.

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