What You Need to Know about Buying a Property in Anambra

If you invested in real estate, ensure that you get allocated your property accordingly. After you have been allocated your property, the final step is to protect it. 

Anambra state is known as the Light of the Nation, but should you buy properties here? The straight answer is yes, but like with everything, it is important to have the correct information so that you can make the right decision.

Anambra state is one of the top destinations for property investment. Buying a property in Anambra is one of the best decisions you can make today. This is because there are numerous advantages to owning land in any of the cities in Anambra. But before you take action, there are things you must be aware of in order to avoid making grave mistakes.

In this article, you will learn about the state, why buying properties in Anambra state is a wise decision and the steps you must take to secure your property.

Property Investment is Open to Everyone

There is this misconception about buying properties in Igboland by those who aren’t Igbo people. It is said that Igbo people don’t sell properties to foreigners, but that is false. 

In Igboland, which includes Anambra state, anybody, irrespective of ethnicity or language, can invest in property. The conditions for buying a property are the same for an Igbo person and a foreigner.

So, if you want to buy properties in Anambra state, understand that there are no restrictions. Once a property is on sale, anyone can buy it.

When you choose to buy a property in Anambra state, you have many options in different estates and cities. Anambra state is a location with many investment opportunities. You can purchase properties for residential or business purposes.

Fast Developing Locations for Real Estate Investment in Anambra

When you want to buy properties in Anambra state, you have many fast-developing locations to choose from. These locations include Awka (Oka), Onitsha, Nnewi, Oba, Nkpor, and many more.

These locations are fast and consistently developing to maintain the standards of the day. In these emerging real estate locations, you will see good road networks, schools, markets, religious centres, recreational centres and vibrant nightlife with clubs and hotels.

The state is highly secure. The government utilises the police and local vigilante groups to ensure the state is adequately secured. Also, the state is home to friendly and accommodating locals.

Steps to Buying a Property the Right Way in Anambra

While Anambra state is an excellent destination for real estate investment, it’s important you follow the proper steps before making your purchase. Following the right steps makes everything easier.

1. Have a Budget

Before buying a property in Anambra, the first thing to do is to define your budget. Defining your budget helps you determine the amount you will spend on a property. 

A budget helps you narrow down your search for properties that fall within your budget range and avoid pressure-buying.

2. Location

Decide the location where you want to buy a property. Though there are many fast-developing locations in Anambra state with modern amenities, you must decide on the location ahead of time. If you have a location, you will focus your search on that area.

Before choosing a location, you should know the kind of property you want to buy and why you are buying it. For instance, if you wish to purchase land to build a shopping mall, one of the factors you must consider is population. How many people live in that area, and how many visitors does it get daily? In a situation like this, going to locations such as Onitsha, Nnewi, Awka, etc., will be the right thing to do.

So, know what kind of property you want and for what purpose. If you need help, I’m only one whatsapp message away; +2348090696530

Getting a realtor removes the stress of searching for a property. A realtor will guide you and show you the properties that are on sale in your chosen location.

The real estate consultant not only reduces the stress of searching for properties on sale but also helps save you from being a victim of land scam. The best way to know a genuine and reliable real estate consultant is if they are registered with a reliable real estate company or firm. Make sure the company is registered with The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON).

4. Conduct Your Due Diligence Before Payment

Make sure to conduct your due diligence before making a payment for a property. If you have found a property that suits your taste with a price within your budget and in your chosen location, the next thing is to make a thorough investigation of the property.

When conducting your investigation, you should go and see the property and check the land, the roads, the population, etc., to ensure they meet your needs. If it is empty land, ensure that there is electricity coming into the area and that the land is not in an erosion-prone area.

5. Making Payment

When all the boxes have been ticked, the next step is payment. Will you be paying out-rightly or in instalments? If you do not have the complete money available, you should check if they accept instalment payments and how you can pay.

Instalment payment is usually weekly or monthly, spread across months or years.

6. Get Your Documents

After payment, you should get the necessary documents. You only become the owner of a property when you have the documents.

When you have completed the payment, depending on the payment plan, ensure that you are handed the documents immediately. The Certificate of Occupancy, Sales Receipt, Survey Plan, and Deed of Agreement are the major documents you should get.

7. Get Allocation and Protect the Property

If you invested in real estate, ensure that you get allocated your property accordingly. After you have been your property allocation, the final step is to protect it. 

This mainly applies to land and properties outside an estate. To protect your property, you should fence the land and install a gate. If the property is, for instance, a plaza or residential house with occupants, ensure that you have a meeting with them as the new owner of the property.

Conclusion

Buying a property in Anambra state is a profitable investment. Anambra State provides fantastic locations to choose from. Whether you want land for agriculture or one for a plaza for corporate offices or trading, I can help you. It doesn’t matter whether you are currently in Nigeria or in the diaspora.

In this article, I have explained why you should consider Anambra for your property investment. By following these steps, you will have a smooth buying experience.