This is the most important aspect of purchasing property or doing anything at that.
Conduct numerous research to be well acquainted with the happenings in the real
estate sector. If done well, you become well informed about which areas are good,
how much land costs in certain areas, and so much more. This way, you can smell a
red flag ten miles away.

Endeavor to be sure of your pocket power before deciding on what property to buy. If
you intend to erect, say, a bungalow with limited funds, be sure to create a budget
and purchase the things you need rationally. Don’t purchase an overly expensive land
that takes up virtually all your money and abandon it thus creating another nice
looking land for scammers to exploit.

There should be a reason as to why you intend to purchase a particular property,
perhaps you want a three bedroom flat to make room for your kids, or you want a
bungalow because you are scared of heights, whatever it is, be independent in
making your decision and stay true to it.

Different individuals have different tastes and reasons for wanting to live in an area. I
would love to purchase property in Obalende, Egbeda, or Ilorin for reasons best
known to me, I know it’s completely different for you. Be it to be close to a relative or
for the power supply, choose an area wisely and stick to it.

Now is not the time to be excessively proud and uptight, you want to make
acquaintances with the people in your intended area, ask questions about the area,
get to know what places are the best to situate your property, who to deal with and
who not to, and other related information.

The saying ‘don’t put all your eggs in one basket’ reminds us of the need to have a
plan B. What if things don’t work out as planned? What do you do? Switch to the plan
B provided it is not a repetition of plan A.

It is never enough reason to purchase property just because all your peers are doing it, or
your wife nags about it daily. If you feel you aren’t ready to purchase property, DON’T.

Although it is close to impossible to tell what a person is thinking accurately, it doesn’t mean
you should try your luck with just anybody and see how it pans out. When you intend to
transact with someone, make inquiries about him/her to be sure of how trustworthy the
person is. However, it is best to go through middlemen such as estates agents, for more
secure transactions.