MEMORIES PREMIER PROPERTIES

  CERTIFICATE OF COMPLETION & FITNESS FOR HABITATION — What Every Smart Property Owner Should Know ! You’ve completed your building project... but hold on ! Before you move in or hand over those keys, there’s one final health check your property must pass — the Certificate of Completion and Fitness for Habitation (CCFH) issued by LASBCA (Lagos State Building Control Agency). This isn’t just another piece of paper — it’s proof that your building is structurally sound, legally compliant, and safe for living or leasing.  Here’s a quick dose of real estate wisdom from #TheRealEstateDoctor 👇 🩺 Steps to Obtain Your CCFH: 1️⃣ Start with a valid Planning Permit from LASPPPA. 2️⃣ Submit your Letter of Intention and Development Permit to LASBCA. 3️⃣ Site inspection will be conducted to confirm your land status. 4️⃣ A file is opened for your project at LASBCA. 5️⃣ Submit all required documents: Stage inspection payment evidence Letter of introduction by your project consultant Stru...

Before buying or building near power lines, you must observe the official setback distances — it’s not just for compliance, it’s for your safety and property protection also !  According to the Federal Ministry of Power, Works & Housing, the required horizontal distances from PHCN High Tension Lines are:  🔹 0.415-volt Low Tension Lines → 6 metres 🔹 11 KVA Lines → 6 metres 🔹 33 KVA Lines → 10 metres (from the closest line)  🔹 132 KVA Lines → 20 metres (from the centre of the line)  🔹 330 KVA Lines → 30 metres (on both sides from the pylon base)  🔹 Substations → 12 metres (from the substation boundary)  These setbacks help prevent electrical hazards, ensure accessibility for maintenance, and protect your investment from demolition risks during future enforcement drives.  So, before you build or buy, consult an expert like #therealestatedoctor on +2348066143574  Let’s make informed property decisions — because safety is wealth !  Ignor...

Before you buy or build close to any water body, pause and ask yourself — “Am I within the approved setback limits?” Here’s what the law says 👇🏽 🏖️ Ocean & Sea: 150 metres 🌊 Lagoon: 50 metres 🚤 Gorge, Canal & Drainage: 10 metres 🏞️ River & Creek: 15 metres Many property owners unknowingly violate these regulations — and end up facing demolition or loss of investment. 😔 As TheRealEstateDoctor, my mission is to help you make informed, safe and profitable property decisions — because prevention is better than cure in real estate too.  Ignorance is NOT a Defence. For more information and guidance : ☎️ +2348066143574  #TheRealEstateDoctor#RealEstateEducation #PropertyAwareness #NigeriaRealEstate #LandMatters #SafeInvestment #MemoriesPremierProperties #RealEstateDoctorTips #BuyRightLiveRight

As we step into 2025, the real estate market in Nigeria continues to show immense promise for savvy investors and potential homeowners.  Despite challenges in the past, the opportunities today are ripe, with market trends indicating a golden time for purchasing property in the country.  Here’s why you should consider investing in Nigerian real estate this year. 1. Strategic Economic Growth Nigeria’s economy is gradually stabilizing, with significant government investments in infrastructure and urban development. Cities like Lagos, Abuja, and Port Harcourt are expanding, creating more demand for residential, commercial, and industrial spaces.  By investing now, you position yourself to reap the benefits of appreciation in property value as these areas develop further. 2. Favorable Exchange Rates for Diaspora Nigerians For Nigerians in the diaspora, the exchange rate offers a significant advantage when buying property in Nigeria. With foreign currencies converting favorably...

In real estate development and construction, choosing the correct materials is vital to ensure strong, durable, and long-lasting structures. One key material is the steel rod (also known as rebar), which strengthens concrete and helps it withstand tension. However, not all steel rods are the same.  Different projects require different rod sizes, and knowing the right one can make all the difference. Let’s explore the various sizes of steel rods and their importance in construction. Common Sizes of Steel Rods Used in Construction : 1. 6mm Rods    These are the smallest size typically used in construction, primarily for lighter, non-load-bearing structures such as fences, small slabs, and mesh for plaster reinforcement. Though they don’t support heavy loads, they’re important for ensuring the stability of smaller elements. 2. 8mm – 10mm Rods    Ideal for simple residential buildings, these rods are used in constructing beams and columns in single-story houses or s...

Buying a house is a significant investment, and it's crucial to thoroughly inspect the property before making a payment. Here are some key things to look out for: 1️⃣ Structural Integrity: Check for any signs of structural damage, such as cracks in the walls or foundation, sagging ceilings, or uneven floors. A solid foundation is essential for a long-lasting home. 2️⃣ Roof Condition: Inspect the roof for missing shingles, leaks, or signs of water damage. A well-maintained roof protects your home from potential issues and ensures a safe and comfortable living environment. 3️⃣ Plumbing System: Turn on faucets, flush toilets, and check for any signs of leaks or water pressure problems. Inspect the water heater and ensure it is functioning properly. Faulty plumbing can lead to expensive repairs down the line. 4️⃣ Electrical Wiring: Assess the electrical system for outdated or faulty wiring. Look for exposed wires, flickering lights, or non-functional outlets. Adequate electrical safety...

  Epe went from zero to millions in months...Do you know why ? Let's tell you 👇 1.Strategic Location:  Epe is strategically located on the outskirts of Lagos, one of the fastest-growing cities in Africa. It is in close proximity to the Lekki Free Trade Zone, the proposed international airport, and the proposed fourth mainland bridge. This makes it an attractive location for real estate investment. 2. Growing Population: Epe is experiencing a steady increase in population due to its location, infrastructure development, and growing economic opportunities. As the population grows, demand for land and real estate increases, which makes it a great opportunity to invest in land. 3.Development Potential:  The Lagos State government has identified Epe as a key area for development and has embarked on several infrastructure projects in the region. These include road construction, upgrading of health facilities, and the establishment of an international airport. This creates an o...

Firstly, Determine your budget and financing options: Before you start looking for properties, it's important to determine your budget and consider your financing options. This will help you narrow down your search to properties that are within your price range. Research the market and select a location: Research the real estate market in Nigeria and identify the location where you would like to buy property. Consider factors such as proximity to schools, hospitals, and other amenities, as well as the overall safety and security of the area. Find a real estate agent or broker: Working with a real estate agent or broker can be helpful in finding properties that meet your needs and budget. They can also assist with the negotiation and legal processes involved in purchasing property. Search for properties: Once you have a clear idea of your budget and desired location, you can start searching for properties. You can search online, through real estate agents, or by contacting owners...

  REAL ESTATE can be risky and full of fears especially in this part of the world. But it doesn't have to be. . . . Here are some common fears and ways to mitigate them 👇 . .  1.FINANCE: Many potential investors in Nigeria feel they need a whole lot of money to invest in real estate and this is not necessarily always the case. While you do need money to invest, you have a lot of options available to you that don't need a ton of money. For example, with just ₦ 1,000,000 you can get property in Lagos. . . Some property deals even allow you pay instamentally over a period of years. Also, there's opportunities of co-own in many properties, that requires as low as ₦50,000. . . 2. FEAR OF BEING DUPED: This fear is very real in a country like Nigeria. Almost every other day, people are being  cheated out of their hard earned money in property deals. They either don't get the full value of what they paid for or they don't even get...

Lagos has become a place where real estate is making a significant difference. The sector keeps surviving the bad economy year in and year out. If you are a player in the real estate sector and you don’t have land yet in Lagos, then you are missing out good money . The effect of the pandemic still lingers even after a year and some months.  Nonetheless, the real estate business is still standing tall. If you don’t know your way, it’s crucial to ask people that have been there. Buying land is good but buying in a place where you are sure to get a huge return of profit is better. Lagos is a city where real estate is highly profitable and can bring you a fortune. However, there are some places real estate investors should look out for more. These areas will be highlighted in this article: Follow me - 1. IBEJU-LEKKI Despite the land being cheap in Ibeju-Lekki, it still sells faster than any other location in Lagos. Land in Ibeju Lekki sells between 3 million to 25 million depending on ...

  ABOUT ILUTUNTUN BUISNESS DISTRICT 👇 The Oyo State Government under the leadership of His Excellency, Engineer Seyi Makinde kicked off the master planning phase for a new business district within Akinyele Local Government Area via a 2-day visioning workshop held on the 2nd and 3rd of December, 2021. The new business district, known as ‘Ilutuntun Business District’, will be a 2,000-hectare mixed-use city that will cater to the needs of businesses and individuals; serving as a hub to attract direct investment and catalyse the transformation of the State into a modern city-state that is in touch with the needs of the 21st Century. The workshop was declared open by the Chief of Staff to the Governor, Otunba Segun Ogunwuyi. In his keynote remarks, Otunba Ogunwuyi echoed the vision of the Executive Governor of Oyo State, Engineer Seyi Makinde, that the Ilutuntun Business District will be the harbinger of the transformation coming to the State, which will place it in a position to ma...

The promulgation the Land Use Decree (later the Land Use Act) in 1978 brought about the vesting of exclusive powers over land within the territory of any given State in the Governor of the State. The effect was that radical ownership of land was vested in the Governor and private persons were only entitled to a leasehold interest through a right of occupancy. The Act further requires that the consent of the Governor has to be obtained prior to any method of alienation or assignment of property by the holder of a right of occupancy. The effect of this was that any assignment of interests or mortgages required the consent of the Governor to be legally enforceable. Whether there was coercion or not, the law under section 22(2) of the Land use Act recognizes cases where some form of written agreement executed in evidence of a transaction is submitted to the Governor in order to obtain consent as required by the section. Therefore, for a transaction of this nature to be valid,...

 Gideon was a professional driver attached to professor Ajala of the department of Linguistics and literary studies at the University of Lagos. He learned very early in life from his father the importance of investing in real estate via land banking!  Even though he was placed on the basic minimum salary as a federal worker when he started then, he however committed himself to investing 40% of his basic salary into land banking . This he did religiously for many years while he continues to live in a one - bedroom apartment with his wife and two children at the outskirt of Lagos !  On the other hand, his boss was living in one of the apartments in UNILAG staff quarters! After 35 years of meritorious service in UNILAG, Professor Ajala was retired and he had no where else to go ! In the past- all the advice from friends and families to invest in real estate fell on deaf ears !  His complains then was :  "That place is too far!"  "It is waterlogged"  "It i...

Before we continue with part three, let me quickly say this. The reason why most people never end up owning real estates is because; Number one, they don't have a real estate dream, they don't have any goal to owning properties. In fact some have even shot their mind to it by concluding real estate is expensive, it's for the wealthy, some even say they can't afford it. Who told you that you can't afford it?  Let me tell you this, anytime you say I can't afford it, you simply shot the door against yourself. Wealth is of the mind, we the wealthy don't say I can't afford it o, rather we say how can I afford it.  It may take time but once we say that, we start developing strategies, we start planning towards that goal. You've got to imagine the kind of estates you want to have. Number two reason why most people don't own properties is that;  They don't have a vibrant real estate investors network. If everybody you connect with is a tenant with no...

 Allow me to begin by defining what #landbanking is, for the sake of individuals who do not know what it's about. 👉 Landbanking is the practice of aggregating parcels of land for future sales or development. It is important to know that not all lands appreciate and the ones that appreciate are simply based on one cogent reason- Demand. For instance, if you go and buy land in your village because Mr. Joe is telling you to buy land in your hometown, you may not make any reasonable money because nobody wants to live there.  Why ? There's no high demand for your village. So how do you identify land that can make you crazy money in Real Estate in a shortest possible time. 👉 LANDS CLOSE TO THE OUTSKIRT OF A DENSELY POPULATED CITY. Buy lands close to a megacity, close to a highly populated city. Do you know why? People will soon begin to move to those locations either because they want somewhere more serene or more affordable. And because of that, the value of land in the outskirt ...

 👉 Get to know the secrets of Wealthy Real estate investors today_ All big and most expensive cities in the world are either facing The water, surrounded by water, or divided by water. The most expensive buildings in the world are in Manhattan and it's surrounded by water.  There's no more land to buy in Manhattan, they now buy what is called Air right. That's buying on top of somebody's house and building your own house there. The most expensive land in the whole world is found here in Nigeria, Victoria Island to be precise.  Yes, Victoria island, a 600sqm is about $6m.  It could have been Manhattan but there's no more land to buy in Manhattan. Victoria Island is surrounded by water. Lekki phase one is facing the water.  Facing the lagoon on one side and the Atlantic Ocean on the other side. People love water, that's why Lagos compete globally when it comes to return of investment (ROI) in real estate.  You hear people say I want *Ocean View, I love the b...

  𝙒𝙃𝘼𝙏 𝙃𝘼𝙋𝙋𝙀𝙉𝙎 𝙒𝙃𝙀𝙍𝙀 𝙏𝙃𝙀𝙍𝙀 𝘼𝙍𝙀 𝙏𝙒𝙊 𝙍𝙄𝙂𝙃𝙏𝙎 𝙊𝙁 𝙊𝘾𝘾𝙐𝙋𝘼𝙉𝘾𝙔 𝙊𝙑𝙀𝙍 𝙏𝙃𝙀 𝙎𝘼𝙈𝙀 𝙋𝙄𝙀𝘾𝙀 𝙊𝙁 𝙇𝘼𝙉𝘿 ? Where there are two Rights of Occupancy over the same piece of land, the first to be issued (barring no fraud, revocation or irregularity) prevails over the second one. This was the position of the Court in the recent case of JENRADE  V.  SANI (2021) 13 NWLR Pt. 1792 p. 111 where two Rights of Occupancy were erroneously issued to cover the same piece of land; on whether two rights of occupancy can subsist in respect of same land, the Court stated that: "Where there is a subsisting right of occupancy, it is good against any other right. Therefore, the grant of another right of occupancy over the same piece of land will be merely illusory and invalid.  As long as the previous or earlier title or right of occupancy over piece of land subsists, no other rival or competing title of right of occupancy can simultaneo...

About 2 years ago (2019), if you had ₦360, you could buy $1. Simultaneously, 6 years ago (2015), ₦200 could buy you $1. But today, that same ₦360 can only get you $0.75 and that same ₦200 can only get you $0.41.  This means that there is a significant loss on the value of your savings in naira by 25% and 60% respectively. Another factor is Inflation. Why this factor is very worrisome is because, apart from the impact of devaluation, the local currency has lost its purchasing power quite significantly. Imagine today, a dollar approximately ₦580. So, the question is this, how do you build a portfolio that helps you maintain the value of your investments and dodge the devaluation and inflation bullet the economy keeps firing at us? There are five ways to do this and I am going to tell you: 1. EQUITY/STOCK INVESTMENT: As an avid investor who wants to protect his/her investment and protect your finances, you should start asking about equity. You want to know how you can get your hands o...

 7 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐥𝐚𝐧𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐲𝐨𝐮 𝐦𝐮𝐬𝐭 𝐤𝐧𝐨𝐰 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠 𝐚 𝐥𝐚𝐧𝐝 𝐢𝐧 𝐍𝐢𝐠𝐞𝐫𝐢𝐚. It is imperative that any individual who intends to purchase landed property must know and understand the types of documentation that governs land transactions.  It is a pity that only about 12% of land purchasers know and comprehend what land documents truly mean and the reason which they serve.  One of the most significant methods for making a claim for land ownership as well as in any landed properties’ exchanges is by having title documents that are important and recognized by different government rules and laws on such landed properties.  The introduction of any of these title documents will help make the claim of ownership or transaction become legitimate after confirmation from the fitting government offices accountable for all landed properties’ issues in Nigeria. There are 7 Basic title documents relevant to landed property ow...

A Survey plan is not a title to land; it is only a document that is needed to give accurate measurement and description of the land. The survey plan is usually needed to draft a Deed of Assignment which is the document that transfers title to land. In the case of OKORIE v. UNAKALAMBA & ANOR (2013) LPELR-22508(CA), the court held that it is not bound to accept the evidence of a surveyor on boundaries and description if it is sufficient that the parties know the land, see - Yusuff vs. Keinsi (2005) 13 NWLR (PT. 943) 554 CA. It was also decided that "a Survey Plan is not necessary and can be dispensed with where the parties are ad idem on the land in dispute". See C.G.C. (NIG) Ltd vs. Baba (2004) 10 NWLR (PT. 882) 658 In conclusion, "It has long been established by the Supreme Court in the celebrated case of D. O. Idundun & Ors. v. Daniel Okumagba & Ors. (1976) 9-10 SC 227 at Pp. 246-250 that there are five ways of proving title to land. These are: 1. By tradi...