Are you ready to move out of your parent’s house and rent your own apartment? You are a probably a first timer without any idea on what it takes to rent a property in Nigeria.
Searching for a house can be tedious but its more frustrating when you end up in the wrong house.By this ,I mean finding out so many negative things about the house ,after you have moved in.
To avoid stories that touches the heart.Here is a list of things to consider before you pay. To be forewarned is to be forearmed, especially for first timers.
This is important to consider as it’s easier to pay for the first year than to renew when it expires. As a salary earner, it is risky to go for a house priced at more than your 3 months’ salary.
This will enable you save your rent conveniently without pressure on other necessary expenses. As a business person, calculate how much profit you make on an average of three months, and then work with it.
2. Children’s School
If you are a family person with children within school age, then its better you consider proximity to school. This will prevent them from being exposed to road accidents and waking up early to avoid traffic. Parents feel more relaxed at work, knowing that their children is not so far away from home.
Another very important factor to consider is the proximity to a hospital or a pharmacy in the case of emergency. Most especially if you or any of the family members have health issues that can come up anytime.
For instance, Asthmatic patients, elderly members with high blood pressure. Epileptic patients etc. They might need medical help at odd hours, so it’s best they are located close to a hospital.
4. Safety and Security
The safety of both lives and property are very important. Some areas already have a reputation for crime and violence so do your best to avoid them. Before you rent a house, find out the security measures in your area.
Does the community have a private security arrangement? Does it attract security bills? Can you afford it? Is the area lonely at night?
How early do you get home after work? And so many other questions, surrounding your safety as you move to your new house.
Find out the means of transportation if you are not mobile. This will help you calculate how much it will cost you to move around especially to work. Also consider the condition of the road, as it’s difficult to get commercial taxis during rainy season due to bad roads.
6. History of the Landlord–
Endeavor to do a background check on the owner of the house, especially if you will be living together with them. This will give information on his\her character. If it’s an old house, find out from neighbors and co tenant’s .Some landlords are quite troublesome.
Also do a background check to ensure the real owner of the house. I have seen cases where relations rent out their uncles or brother s house without their consent.
Finally the real landlord shows up and claims the house was only given to his relative just for maintenance purposes.
This has to do with your limitations as a tenant .This includes your right to have a pet, your right to car parking space .It also includes your right to have your own generator set in times of black out , time restrictions e.t.c.
Some estates have a central standby generator and as such, do not allow individuals to have theirs. Some landlords also lock the gate to their house at a particular time of the night. It’s best to ask questions regarding their rules and regulations.
If you already have a pet or you intend to have, ask questions regarding them .It is better than to assume it will be allowed.If you have intentions of subletting the house later in future ,its better you discuss with the land lord too.To avoid trouble.
Asides the renting price of the house, there might be other bills. Electricity bill, Security bill, Service charge and Water bill. It is good to have this information and get ready to pay along with your neighbors.
Find out if it is done individually or as a community. Also find out the payments frequency. If it’s monthly, quarterly in order to align it with your cash flow. If it’s a new house then you might not need to make inquiry about the payment vouchers for the bill.
But if a tenant has occupied that property in the past, Please make sure that there is no outstanding bill. Otherwise, you will end up paying for a service you didn’t enjoy when the authorities sanctions your compound.
9. Business purposes
You may intend to also use your house as your office depending on the nature of your business. For instance a tailor might want to work from home or a caterer. If you intend to do so, it is better you observe your neighborhood and also find out if it’s allowed.
You also have to consider your customers that would come to do business with you. Is your house easy to locate? Will it be worth the stress to come to you and leave other competitors? Does your business disturb the peace of your neighbors?.
10. Legal Agreement
This is another important aspect of renting a property. As a tenant, endeavor to have a legal agreement binding your relationship with the landlord. This usually attracts a legal fee of about 5% but never mind about the cost.
A legal agreement spells out your right as a tenant and also the right of your landlord. So it is good you read it before you sign and move into your house.
Do not assume the land lord should know this or that, let it be spelt out in black and white to avoid issues.If you are not comfortable with any of the agreement,let the landlord know about it.
Good luck as you search for your new house.Buy and Sell Bitcoin in Nigeria - Register for free on Luno
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