Value your property
A property valuation is an assessment of your property’s value, based on the location, condition and multiple other factors. Your valuation will be carried out in person by a professional Estate surveyor and Valuer who will take notes and photographs, and then send you a valuation report. A home valuation, Development stage Valuation, Commercia valuation,Hotel and Hospitality Valuation
Get free valuationHow much is my property worth?
Find out with no cost, absolutley free! with our experts and free valuation tool.
Instant results: No need to wait. You have an immediate estimate of your home/property's value.
Result driven accuracy:Our property valuation reports have industry acclaim and accepted as professional opinions in aid of loan security, mergers and acquisitions, insurance, disposal amongst other purposes.
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face to face in real live availability (if you wish): Along with your instant valuation, we can connect you to local agents to discuss your valuation. Knowledge is power!
How it works?
1. Pop in your property details
Simply input your address and some basic details about your home.
2. Professional and licenced property valuers
help You get an instant estimate of your property's value
3. Next steps?
you get the result instantly with in aid of selling your property at your desired price even in loan security, mergers and acquisitions, insurance, disposal amongst other purposes.
Things that can affect a home's value?
Factors Affecting Real Estate Valuation in Nigeria
Let us proceed by learning the important factors that determine a property’s worth.
Location
This is one of the most critical factors affecting real estate valuation in Nigeria. The location of a property can impact its value in many ways, including its proximity to amenities, safety, and desirability. Properties in desirable areas, such as those close to good schools or in safe neighborhoods, tend to have a higher value than those in less desirable areas. A 4-bedroom house in Lekki Phase I, Lagos, will have more value than Somolu, even if it has smaller rooms.
Property Type
In Nigeria, the type of property can have a strong influence on its value. This is due to the building costs and rate of appreciation associated with certain types of properties. For instance, apartments or residential properties tend to appreciate more rapidly than commercial or industrial properties in many areas of Nigeria. This could make them a lucrative investment choice for individuals looking for higher returns without increasing monthly income from rent.
Property Size
Property size directly affects the market price of a property in Nigeria. Larger properties tend to have higher purchase prices and market values as they typically boast a larger land space, more rooms, and greater overall square footage than smaller properties. Larger properties also give potential buyers more opportunities for home improvement, potential rental income, and extra storage space, among other things. Market competition usually drives house prices up when there is less supply in an area for larger-sized properties. Therefore, market conditions and trends must be considered when assessing the value of any given property in Nigeria.
Age of the Property
The class and age of the property can affect its valuation. Aging properties may not be valued as highly as newer ones because they tend to require more repairs and maintenance than newer buildings to keep them operational. Older properties may also lack the amenities and the special features that newer properties have, for example, modern kitchen and bathroom designs, which can further reduce the average rate of a property’s value depending on its class.
Condition of the Property
Property in excellent condition will be valued higher than one that is not maintained over time. This is because buyers are often willing to pay a premium for something that requires little effort on their part after purchase, such as fixing the interior or exterior of the home. Additionally, well-maintained properties often require less costly maintenance between sales and may also come with certain bonuses, such as appliances or warranties. These factors determine the value of a home, so it pays to keep any property in a good condition whenever possible.
Accessibility
Another factor that can affect property valuations in Nigeria is accessibility. Properties located in easy-to-reach areas, such as those close to public transportation or major highways, are valued higher than those located in remote areas. Accessible properties are more convenient and therefore more desirable.
Demand
Finally, demand and market factors are other important elements that affect property valuation in Nigeria. If there is a high demand for properties in an area due to population growth or the development of new businesses, then the values of properties will increase. This is very evident in most parts of Lagos, some areas in Abuja, and single- or two-room accommodations built close to tertiary institutions across the country. On the other hand, if there is a low demand for properties in an area, the values tend to decrease.
See what our proffessional property valuer think your home is worth
If you're getting ready to sell, we recommend getting a free, in-person valuation by our estate agent.
