Embarking on a quest to find the perfect home in Nigeria is both thrilling and challenging. You’re likely to meet different landlords with different levels of bizarre attitude. How about the agents who scavenge around waiting for the next house Hunter to exploit… House hunting in Nigeria sometimes might just be that weapon fashioned against you…
Whether you’re a local navigating the real estate landscape or a traveler in need of temporary refuge, understanding the dynamics of house hunting is essential. This comprehensive guide aims to unravel the intricacies of house hunting in Nigeria, offering insights, compelling statistics, and a touch of friendly advice to make your journey seamless.
Stats that might interest you:
Nigeria, Africa’s most populous nation, has over 48% of its people residing in urban areas, encompassing less than 10% of the country’s arable land. This rapid urbanization trend positions Nigeria among the fastest-growing African nations.
The nation, with a population of around 174 million, faces a significant housing deficit of approximately 17 million units. This shortage has escalated from 7 million in 1991 to 12 million in 2007, 14 million in 2010, and now stands at 17 million.
Consequently, renters in Nigeria allocate up to 60% of their disposable income to rental apartments, surpassing the UN’s recommended 20–30%. Experts note that only 10% of Nigerians aspiring to own a home can feasibly do so, whether through personal construction or purchase.
Challenges Encountered in the Quest for Housing may include :
1) Discovering a suitable residence:
Agents can be quite annoying as what they call “I’ve gotten you a place is likely not a place you want. Finding a suitable residence can be quite challenging to anyone finding a place to stay.
2) Landlords mandating two years’ rent upfront:
The pinnacle of disappointment occurs when, after an extensive search, you found the bone of your bone, apartment, only for the landlord to insist on a staggering two years’ rent in advance, leaving you financially unprepared.
3. Balancing budget and location:
Sometimes you’ve got the location, but the price says no, and sometimes you’ve got the price but in your head, the location isn’t a good place for you. This can as well be a frustrating experience.
Factors to consider when house hunting:
1. Location and Accessibility:
Consider the proximity of the affordable rooms to key locations such as your workplace, educational institution, or popular landmarks. Ensure that transportation options are accessible for convenience.
2. Amenities and Facilities:
Evaluate the amenities provided. Look for essential facilities such as internet connectivity, security features, and basic utilities. A good balance of comfort and affordability is essential.
3. Reviews and Ratings:
Check online reviews and ratings from previous occupants. Insights from others can provide valuable information about the condition of the rooms, the responsiveness of the management, and overall satisfaction.
4. Budget Planning:
Clearly define your budget and stick to it. Take into account not only the rental cost but also additional expenses like utilities and transportation. This helps in finding a room that aligns with your financial plan.
5. Terms and Conditions:
Carefully read and understand the terms of the accommodation, including the lease agreement. Be aware of any additional costs, rules, or restrictions. Clarify any doubts with the property manager before finalizing your decision.
While you house hunt, What options do you have?
House hunting as said can take longer than expected, it can also be quite challenging and distressing at the same time.
While you move around finding a place to stay, for yourself, or for you and your beloved family. The best way to make the process a lot easier is to try out hostel.ng.
Hostel.ng, like Airbnb will provide you rooms within the scope of your search where you can relax while you continue your hunting process.
You can rest a day , two, a week and even more.
Hostel.ng provides comfortability at different budget prices. Click HERE to get started
To end this Discussion
House hunting in Nigeria, with its challenges and triumphs, is a uniquely enriching adventure. As you embark on this journey, consider the invaluable assistance provided by Hostel.ng. This platform not only simplifies the process but turns it into a delightful endeavor. Whether you’re a local seeking a quick stay or a traveler exploring Nigeria, let Hostel.ng be your trusted companion in discovering the perfect place for you. Happy house hunting!
