Lekki, Lagos, is a top destination of choice for people in need of housing solutions in one of the most sought after and real estate locations in Nigeria. Because of its strategic location along the Lekki Peninsula, natural blend of urban sophistication and natural beauty and substantial government focus, it’s heralded as a paradise of real estate in Nigeria. It boasts stunning waterfront views, modern infrastructure, high end facilities and elite communities. Accordingly, Lekki offers a wide range of housing solutions catering to different tastes and budgets. 

Buying  a house in Lekki guarantees you become part of a thriving community that offers both an affluent lifestyle and the promise of further investment opportunities. But without the right kind of knowledge and planning, it’s very easy to fall into the trap of making a real estate investment one can come to regret. 

Without further ado, here are 5 things to consider when deciding to buy a house in Lekki:

Consider Location and Accessibility Before You Buy a House in Lekki:

Lekki is a big place, offering a wide range of options for different classes of buyers and their different needs. From Lekki phase 1, known for its highly developed infrastructure and high end properties to areas further along the Lekki Expressway with newer developmental projects springing up, there’s a solution for every need. It’s important though, to keep in mind key considerations about location and accessibility when you intend to buy a house in Lekki.

The distance from the home being considered to key amenities like egress routes, hospitals, shopping centers and your workplace need to be taken into account. Do you have kids? Consider the schools available near your choice of house. What about security and safety installations? Things like factories that may contribute to increased environmental pollution near you? The state of major roads and the traffic condition? Assessing all of these is wise as they can significantly affect your daily life, convenience and future property value appreciation.

While taking into account the immediate situation of the area, one must also stay abreast of its long term development plans. Lekki especially is always transforming with new projects like Dangote Refinery and Lekki Free Trade Zone expected to increase the commercial viability of the area. Staying informed about such developments can help you make an informed decision when buying a house in Lekki.

Consider Property Value and Appreciation Before You Buy a House in Lekki:

One of the top appeals to buying a house in Lekki is the prospect of significant property value gains. As someone who has spent years building a career in both finance and real estate, I can easily tell you that thorough research in this regard is important. Just like Ikoyi and Victoria Island have seen, Lekki is poised for substantial property value escalation with increased commercial investments in the coming years. My advice? Consult with real estate professionals, review historical data together and make an informed decision. Doing this significantly increases the likelihood that you’ll land the most bang for the buck when you buy a house in Lekki.

As important as it is knowing the potential of the area you’re buying, the type of property is just as important. Be it a condo, detached house, waterfront property or townhouse, each property type has its own potential for property appreciation. As a real estate investor myself, I’ve found that one must have an eye for these things. Evaluate the different property types available and choose one that aligns with your investment goals.

Which is why I have to recommend Mixta Africa at this point. Mixta Africa is a top real estate development company with operations in 5 African countries including Nigeria. They offer housing solutions, with emphasis on convenience, legitimacy and growth. Mixta Africa is the best in the business if you plan to buy a house in Lekki with these considerations in mind.

Consider Security and Safety Before You Buy a House in Lekki: 

Having chosen a location and considered its commercial value and potential, the next step is to investigate its safety and security reputation. Look out for things like public and private safety installations, and how active they are. 

Security: 

Gated communities and estates offer higher levels of security with access control, the presence of security personnel and differing levels of surveillance. Also check the crime rate in the area and the presence and effectiveness of law enforcement. These are all things that someone buying a house in Lekki must consider if he or she wishes to sleep in it with both eyes closed.

Safety: 

Don’t fail to also consider the presence of emergency services and their response times. This is something I always emphasize to my clients and friends. Don’t lose your life, loved ones or valued property in a fire, robbery or in the commute to the hospital because you didn’t factor in these key considerations when buying your home, especially in Lekki.

Consider Infrastructure and Amenities Before You Buy a House in Lekki

As a modern, model city, Lekki is known for its modern infrastructure. Nonetheless, it’s important to account for the availability and viability of specific essential amenities: water supply, drainage, waste management, electricity supply and so on. Also important are public facilities such as schools, fitness and recreational facilities, shopping malls and community centers. When you buy a house in Lekki, you want to ensure that your new home is supported by reliable infrastructure and amenities that add value to your lifestyle.

Another critical factor to consider is transportation. As a mother, I always emphasize assessing the traffic situation, public transport options and planned infrastructural projects of the area where you want to buy, for personal, family and business considerations. It’s vital to understand how these may affect your daily commute and overall convenience.

Legal Considerations and Documentation for Buying a House in Lekki

Deeds and Titles are quite important. Still, they are not the only things to be considered from a legal standpoint when considering buying a house in Lekki. It is particularly important to engage a reputable real estate lawyer to assist with due diligence, verifying land titles, ensuring compliance with local regulations and proper documentation. Also, be informed on the different types of property documentation in Nigeria; certificate of occupancy, governor’s consent and deed of assignment. Each has its own legal implication which affects the ownership and transferability of property. Lets take a quick look at each of these:

Certificate of Occupancy: 

This is a legal document issued by the government that gives the holder the right to own and use a property for a set time, usually 99 years.

Governor’s Consent: 

This is an official approval from the state Governor required for the transfer of land ownership and property rights.

Deed of Assignment: 

This is a legal record of the transfer of a property from one party to another.

When buying a property in Lekki, conducting proper research on and making use of a legal guide can help you avoid running afoul of the law.

Conclusions

Final Notes

I’m glad you’re considering buying a house in Lekki. Keeping the above things in mind as you navigate through such a purchase will ensure you make an informed decision that meets your short and long term needs and offers maximum benefits while avoiding the pitfalls that usually occasion these enterprises. 

Also, you must take into consideration your long term goals and purposes for the property you’re buying. You may be planning to live in it, use it as a holiday retreat or for some commercial purpose as renting it out. Whatever you plan to do, your current decision should align with your future goals. Think of the kind of people you want to live around, or the kind of experience you wish to have. With careful planning and research, you can make the best decisions on your home investment to bring you joy and satisfaction for a very long time.

Mixta Africa 

As said earlier, Mixta Africa is dedicated to helping you find the perfect home in this posh, vibrant and growing community. They offer a wide range of properties from luxurious residences to commercial edifices, ensuring there’s something for everyone. With Mixta, you can buy a house in Lekki armed with the right knowledge, support and all the confidence in the world.

Author’s Note: Hi, I’m Joy – a seasoned finance professional based in Lekki, Lagos. I balance a fulfilling career with successful real estate investments in Nigeria. Join me as I share insights on navigating the world of real estate investments in Nigeria. Let’s find your dream home and unlock financial success together.