• Tuesday, July 23, 2024
businessday logo


Developer unveils easy ways to homeownership buyers should know

6 most affordable areas in Lagos where renters can find homes

A major player in the Nigerian real estate market, Alpha Mead Development Company (AMDC), has unveiled what it calls ‘homeownership secrets’ which are quick-win solutions to becoming a landlord.

Homeownership is a tricky business and, according to AMDC officials, a little slip bordering on ignorance makes it an expensive enterprise while a little knowledge of who is offering what, and where, helps to lessen the stress and makes one a proud homeowner.

Unknown to many who are looking for homes to buy, developers are constantly putting products on the market and, at the same time, offering solutions that make access to those products a lot easier for buyers.

The AMDC officials revealed in a statement at the weekend that some apartment units in its one-of-a-kind estate in the Lekki area of Lagos, are up for grab, adding that almost all the entry barriers have been dismantled by an ongoing promo that has opened some secrets for buyers.

“With up to 15 percent discount off the market value of the houses, access to single-digit interest rate mortgage that can cover up to 75 percent of the cost of the house, and spacious living areas to meet the needs of every member of your family, you too can own a home in style,” Lanre Awode, the company’s property market analyst, confirmed to BusinessDay.

Awode assured that this offer gives a buyer all that he needs to finally tick that homeownership goal off his bucket list and become a proud homeowner at Green Park Homes.

Read also: Why real estate remains safe haven for investors amid rising inflation

Green Park Homes, according to him, is located at Abijo, Lagos and developed in collaboration with Ibile Holdings – the investment arm of the Lagos State government, disclosing that the estate comes with unencumbered Certificate of Occupancy (C of O), and state-of-the-art amenities in a serene family-centric environment.

Awode listed five reasons a prospective home buyer should take his company’s offer at Green Park Homes. These are Bigger Space, International Quality, Guaranteed Mortgage, capital appreciation and state of the art amenities.

Bigger Space: Beyond shelter, today’s homes serve multiple purposes such as being home offices, a place to create lasting bonds and playgrounds for the kids, hence Green Park Homes is developed to meet these needs. Green Park is one of the estates in the Lekki axis with bigger spaces.

International Quality: Besides being certified to international standards by the United Kingdom Accreditation Service (UKAS ISO 9001:2015), Green Park is also a certified green development by the International Finance Corporation (IFC—a member of the World Bank Group).

Guaranteed Mortgage: The developer says that if cash is what is keeping anyone from owning a home, he should worry not as with the on-going promo, he gets access to single-digit interest rate mortgage to cover up to 75 percent of the cost of the house.

“This means that all you have to pay out of pocket, depending on your preferred house type, will be only 25 percent of the cost of purchase. And that’s not all, the mortgage can be paid back for up to 30 years, depending on your age,” Awode explained.

Capital appreciation: People who bought into the estate’s 3-bedroom semi-detached apartment in 2019 did so at ₦21.5million. That same unit is now worth ₦37.8million, representing a 75.8 percent capital appreciation in less than 4 years. “Let your money work for you as well,” Awode advised.

State–of-the-art amenities: From encased drainages to prevent flooding to wide dual carriage roads to ensure smooth vehicular access and a biodigester to convert waste to power, Green Park Homes comes with ultra-modern amenities to give buyers a superlative living experience.