The "Nigerian Dream" has always been to own a home. This dream includes not only owning your home, but building it.
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Countless
hours have been spent pouring over floor plans and home designs until
the perfect one was found. Files are filled with ideal pictures you have
found in home magazines of layouts, design ideas and other information.
Finally, you are ready to make this dream a reality. But in the pit of
your stomach lingers a feeling, a concern that something may go wrong.
Relax. That feeling can be remedied by following these simple
suggestions that will help you in avoiding costly mistakes when building
your dream home.
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1. Not planning a budget:
A dream home that you have overextended your budget on will be more
like a nightmare. How much can you afford? How do you plan to finance
your dream home? Secure financing first. This will make designing and
planning your project easier because you will know exactly how much
money you have to spend. By planning a budget and securing financing,
you have developed solid ground on which to negotiate with builders.
They know you mean business. |
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2. Over-building for your community or area:
Chances are you have already chosen a lot, or an area or neighborhood,
on which you plan to build. Look around. Building a home that is
comparable in size and style to the surrounding homes is important. If
your needs require a larger home, it is suggested that you build no more
than 500-1000 sq. ft. larger than the average home in your area. On the
other hand, do not build smaller, as it may affect your resale value
later. Also, consider the style of your dream home in comparison to
those that will surround it. Although you want your home to have its own
character and appeal, you do not want it to stick out like a sore thumb
within your neighborhood. A home that is so unique and not comparable
to the surrounding homes may not allow you to recoup your original
investment in the long run.
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3. Not planning ahead:
Start by choosing a plan that will grow with you. What are your needs
right now? Will these needs change within 5 years? What about 10 years?
Chances are, they will, so plan your dream home accordingly. List what
is important to have in your home right now and what you will need in
the future. You may choose a home plan that is designed specifically to
meet your needs. Or, if you have a floor plan that you like but worry it
won't meet all of your needs, talk with a builder or an architect.
Their expertise may provide you with minor modifications that will ease
your mind and potentially take you into the future with greater ease.
Planning ahead also includes making decisions early. Know what you want
before the builder asks. Make choices early regarding everything from
the floor to the ceiling. Time and money are wasted during the building
stage when the builder has to wait on you to make a decision or when
changes have to be made to an existing structure at a later stage of
building.
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4. Choosing the wrong builder:
Your choice of builder is the most important decision in the process of
building your dream home. Talk with several builders and be thorough
with your questions, concerns, and ideas. Visit 99 Property Nigeria
Limited and see projects we are working on. Ask for references and you
are free to visit our sites as well. Keep in mind this is someone you
will be working with to build your dream home over several months.
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5. Being passive:
Be involved with the building of your home. Start by reading the
builders contract. Ask for clarification of anything you do not
understand. Be sure building codes are being followed. Watch for things
that are not necessarily the way you want them. Be ready to resolve
problems by compromising. Keep record of expenses. And most importantly,
communicate, communicate, and communicate!
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So,
now you are ready to make your dream home a reality. Realistically, it
is impossible to foresee and avoid every possible mistake that may occur
when building your dream home. But, keep in mind these simple
suggestions and you will be on your way to achieving your dream of being
a proud homeowner.
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Where do you want to build your Dream Home?
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99 PROPERTY NIGERIA LIMITED
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TEL. +234(0)8099994939 / +234(0)8099994949
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