Lagos is the most populous city in Nigeria and the second-largest in Africa. Despite, the fact that buying a fully finished home in Lagos can be very expensive, most especially for first-time homebuyers. Real estate developers have now decided to make off-plan homes available, whereby you have the ability to spread your payment for a year or two with or without interest.
What are off-plan homes? Off-plan homes are projects undergoing construction and so have not been completed yet.
As far as Lagos is concerned, accommodation is skyrocketing compared to the cost of renting an apartment. Below are the topmost affordable off-plan properties in Lagos to consider as a first-time homebuyer.
- The Rex Apartment: This is one of the most affordable off-plan properties in Lekki area of Lagos. It is a 14 premium apartment compromising of 12 units of 3 bedroom/maid room pent floor configuration. All room en-suite with generous living spaces with fitted kitchen and store. The pent floor apartments are made of 3 bedrooms en-suite with a maids room, large living room, separate dining with open plan kitchen. In addition, we have generous open terraced areas and balconies, adding a unique appeal to the exterior view of the building. Located in Freedom Way Lekki. This apartment allows you to spread your payment for a period of 12 months after the initial deposit has been made.
- Reserville: A dream come true estate for aspiring homeowners. The estate comprises of different housing types namely; 3 bedroom apartment; Twin duplex; 3 bedroom terrace duplex with Boys quarter; 3 bedroom terrace duplex; 5 bedroom terrace, semi-detached, and detached duplex and 2 bedroom terrace duplex. The Reserville estate located in Ogombo, Ajah, Lekki has several features: good drainage systems, maximum security and power supply, and a good road network.
- Rose Gardens: This estate unveils the true essence of style and exotic living featuring a four-bedroom terrace and semi-detached duplex, 2 bedroom terrace as the housing types. Located in Magboro Town. The estate unveils the true nature of a sophisticated lifestyle for first-time homeowners. It also features facilities that bring comfort. Flexible payment plan structure for two (2) years.
- Comfort Château: This comprises exclusively detailed terrace duplexes in an environment that allows you to achieve a perfect blend of bespoke design, tasteful craft & top-class facilities for an enviable urban lifestyle.
Each terrace unit has 3 bedrooms (all en-suite), sitting room, dining area, kitchen, storage, guest toilet, large parking space & private boys-quarters. This estate features amazing facilities which include: recreation area, gym house, security, surveillance camera, security, Pedestrian boulevard. In addition, this estate also gives room for up to 18 months of flexible payment plans to own a unit duplex.
The benefit of off-plan properties cannot be over-emphasized. It gives an opportunity to buy below the market value. Also, you also have the opportunity to witness if construction protocols are being followed.