🏡 5 Key Things Homebuyers Often Overlook

Buying a home is one of the biggest financial decisions anyone can make. While it’s exciting to tour properties and imagine life in a new space, many homebuyers—especially first-timers—tend to overlook important details that can lead to regret later.

Here are 5 key things you should never ignore when purchasing a home:

1. Hidden Costs Beyond the Purchase Price

Many buyers focus solely on the asking price or mortgage, forgetting about extra costs like:

  • Legal fees

  • Property taxes

  • Agent commissions

  • Renovations or repairs

  • Service charges (especially in gated estates)

Tip: Always request a full breakdown of costs before making a decision.

2. Future Development Around the Area

That quiet, peaceful neighborhood today could become a noisy commercial hub tomorrow. Check:

  • Urban development plans

  • Zoning regulations

  • Pending road or mall constructions

Tip: Ask your agent about future government or private projects in that area.

3. Water Supply and Drainage Systems

Some buyers only inspect a house during the dry season. But what happens when it rains?

Tip: Ask neighbors about flooding, test water pressure, and check the drainage layout.

4. Documentation and Title Verification

Don’t just take the seller’s word for it. You need to verify:

  • C of O (Certificate of Occupancy)

  • Survey Plan

  • Approved Building Plan

Tip: Hire a professional to conduct a proper land search and verify the documents.

5. Resale Potential or Rental Value

Even if you’re buying to live, consider the future value of the home:

  • Is the area appreciating?

  • What are similar homes renting for?

  • Will the design or location appeal to other buyers?

Tip: Think like an investor, even if you’re buying as an occupant.

📌 Final Thoughts

A dream home shouldn’t turn into a nightmare. Take your time, ask the right questions, and work with experienced professionals. If you need help buying a verified property in Nigeria, Favourmiz Realty is here to guide you.

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