BEFORE BUYING A HOME

BEFORE BUYING A HOME: QUESTIONS TO ASK REAL ESTATE DEVELOPERS

Building a home is a huge financial investment. So, to make that big decision, it is highly advisable to choose a reliable real estate developer. Hence, there are many issues that you need to look into before deciding to put your life’s savings in a developer’s project:

What’s the land use?

Check the land use of the property on which the project is being developed. The license states what the land use is: whether it is for developing residential or commercial property, floors or plots, and so on.

Has land acquisition been completed?

Often developers begin to sell apartments before land acquisition is over. Some unforeseeable problem may arise due to which acquisition may not be completed. The developer may manage to buy 80% of the land they need but get embroiled in a dispute over the balance 20%. Now, if that one tower in which your apartment was planned was to be developed on the disputed 20%, you would experience many challenges.

Does the developer have legal title?

Ask the developer to show you the papers demonstrating his ownership of the land. Every plot has a unique number. Ask the builder for that number and check in whose name the plot is registered. You could hire a lawyer to conduct the title search. He can also find out if there is a legal dispute over the land.

Are all the approvals in place?

Ask the developer for the license, which is proof that they have obtained permission from the area’s town planning authority to develop the project. Every license has a unique number. Developers who have obtained the license often print the license number in their ads. Also ask whether the developer has received the following approvals: building plan, water, environment and pollution, and height clearance (if the building is situated near an airport).

What if the plan changes?

Often, developers show you one building and layout plan at the time of sale, but alter it midway through construction. The flat’s area could increase. The original plan may have shown a swimming pool and club opposite your apartment. Instead, another block of apartments may come up in that space. Read the builder-buyer agreement closely to find out if any redress is available to you if the plan changes.

Is an early exit permitted?

Sometimes you may change your mind and decide not to keep an apartment. Enquire whether an early exit is permitted. When some developer’s own inventory doesn’t sell, they impose curbs so that people are not able to buy from the secondary market. Has the developer blocked sales in the past? And what transfer fee will be charged for an early exit?

What if you don’t pay on time?

If by chance there is delay on your part in paying an installment, how much extra time will the developer grant you to pay up? What will be your interest liability? Will your allotment be cancelled? What are the provisions of the forfeiture clause? How much money will be returned to you?

How good is his track record?

Find out how many projects the developer has delivered in the past. Avoid novices as they usually lack the financial strength to weather a downturn. Visit an established developer’s past projects and speak to the residents (if possible). Did the developer hand over possession on time? Did he provide all the on-campus facilities and the specifications promised within apartments? How well has he maintained the project after its completion? In case of an under-construction property, visit it with a civil engineer and have him evaluate its construction quality.

Choose a credible real estate developer, and you won’t just be buying a unit or a piece of real estate, you’ll be stepping into a new lifestyle.

We are your sustainable partners in real estate.

THE PURSUIT OF PROFESSIONAL EXCELLENCE

The business environment is evolving at an ever-growing speed, demanding increased agility and consumer focused innovation. The time has come to redefine what excellence means. In today’s world, excellence is more than a set of principles. It’s a set of beliefs, a way of thinking, a matter of discipline, and ways of focusing.

The ‘new normal’ has forced every business to shift significantly in a bid to stay afloat. Despite these pivoting efforts, organizations must continue to evolve and adapt beyond this moment. Difficult times provide opportunities to grow and change, and whilst pausing to reflect on a business strategy is of necessity, it is important that we continue to reinvent, stay innovative, and be more robust.

The road to achieving professional excellence as a corporate entity cannot be solely journeyed by good products and clever marketing. Now more than ever, we must adopt the right strategies to improve internal efficiencies within the industry.

For an organization, excellence should mean clear dedication of leaders and managers to continuous improvement of all key processes, creativity and innovation, work conditions, team work, motivation level and general organizational culture. Whether refreshing a strategy or building a new one from the ground up, now is a crucial time to assimilate new cultures that best fit for a post-pandemic world.

ALIYU ALIYU
Chief Executive Officer
Bilaad Realty Ltd

EMPHASIS ON OUR PERSPECTIVE

Over the years, great thinkers have described just what excellence is. Excellence is not perfectionism — it is a journey through an ever-changing landscape of new possibilities and methods. It is the relentless pursuit of finding ways to improve performance.With consumers continuously able to influence not only what they buy, but also what others buy; through customer reviews, social media, and word of mouth, it is becoming increasingly important for businesses to understand and strategically implement the expectations of their customers. center while perfection is an unattainable goal, pursuing it creates the environment for a culture of professional excellence thus; customer satisfaction. Consumers demand a great customer experience, strong brand values and, often, the ability to influence and shape the products they consume. Hence, the need for businesses to be at the top of their game center.Today’s success is tomorrow’s mediocrity. Pretty much of what we know today about digital technologies will be going the way of dinosaurs five to ten years from now. As new entrants disrupt traditional business processes and make clearings for more efficient technologies, less agile businesses are expected to fall away or be pushed off to the back burner.

In today’s highly competitive and dynamic environment, organizations need to continuously change their tactics to survive and maintain their competitive advantage. This is why we agree that the following factors are important indicators of how well a company is doing, overtime:

  • Collaboration

Aristotle once said, “the whole is greater than the sum of its parts” which is the exact essence of collaboration. When it comes to achieving professional excellence, the idea of the ‘lone genius’ typically falls short. Irrespective of the size, reputation, customer loyalty or business prowess that a business may enjoy today, the continuation of successful collaborative relationships is the change that is so urgently needed in these evolving times.

  • Attention to detail

Attention to detail is not all about spelling or grammar. It is in getting the small things right. Great brands continuously seek out opportunities to express their brand –– they see those minor customer touch points as an opportunity to provide the best experience. The focus is not just on products alone, but on the entire value chain wherever customers interact; from external packaging to customer care, sample units, store layout, lighting, marketing advertisements — every step should count.

  • Ethics and Values

Sound corporate governance has been found to be critical to enhance and retain investor trust. To say that ‘Ethical Excellence’ is one of the most critical aspects of Corporate Governance will not be a misnomer. In fact, ethical excellence should be seen as a sustainable source of competitive advantage for organizations and a practice that ensures long term success, customer loyalty and creating shareholder value.
Bilaad Realty is on a continuous pursuit to achieving professional excellence. Our penchant for continuous improvement pushes the boundaries of development and shapes the standard of our industry. We are constantly evolving to be the leading customer-centric firm with strategic alliances in the provision of sustainable Real Estate solutions. Buy Bilaad and be glad.

 

SUSTAINABLE INVESTMENT III

FROM THE CEO

The first half of the year has been met with unexpected challenges, and the return to normalcy seems worryingly undefined. As we find ourselves in unchartered territory, the level of uncertainty in the economy skyrockets and the recovery trajectory is difficult to forecast.

As the crisis demands the world to come together to explore alternatives, be it through social distancing, remote work access, availability of critical supplies and protective measures for all, and of course, all through effective resource management, it is critical to remain forward-looking as there are opportunities even within tough financial times.

While the pattern is familiar to a standard recession, studies have shown that historically, economic activities return to normalcy very quickly once epidemics are over. This is why beyond preparing for a harsh economy; a sustainable investment strategy is essential for long term personal financial growth and development. In the same way Nigeria needs to invest more in non-oil revenue sources, individuals need to continue to grow their investment pots despite the economic downturn.

Doing our utmost to provide unmatched guidance on sustainable investment opportunities during the Covid-19 crisis, Bilaad Realty stands ready to live up to our significant social and economic responsibility as society re-opens.

Aliyu Aliyu
Chief Executive Officer
Bilaad Realty Ltd

WITH EMPHASIS ON OUR PERSPECTIVE

The International Monetary Fund has put the economic fallout of the current Covid-19 crisis in the category of a severe recession, worse than the 2008 subprime crisis. The prices of commodities have fallen globally. Crude oil prices became so volatile that at some point, it was trading in negative. The equity markets have also witnessed extreme volatility across the world and debt investments have triggered some panic among investors due to their underlying credit risks. Commercial real estate, which encompasses the hard-hit hotel and retail sectors have also experienced a hard hit, but we still see value in residential Real Estate, despite the challenging times.

With so much volatility in the market, what should an investor do and where should one invest their hard-earned money? This situation demands unprecedented moves, but without panic. It is critical to align your investments to your risk appetite, financial goals, and corresponding returns expectations. However, when there is an unprecedented economic situation like the one we are currently faced with, it requires more effort than normal.

Investors need to understand how certain investment performance and economic down times are related. For example, the stock market is a forward-looking mechanism and economic reports are backward-looking. For this reason, stock prices often fall months before a recession begins. It also means that stock prices often bounce back up before the recession is officially over.

Real estate opportunities and stocks have been long-term rivals for the title “Best Investment Strategy.” However, after the Coronavirus outbreak, the stock market was quick to take a downward turn, and property prices have remained almost unchanged.

Opportunity in Chaos

While common investment vehicles might take a hit in returns right now, investing in a recession can actually be the best time to buy real estate because it’s less volatile than the stock market, and there isn’t as much competition from other buyers. The smartest real estate investing strategy during these times is finding properties that have a great chance for appreciation over the long term.

Tips for investing in Real Estate during and after the outbreak:  

  • Act now to gain from increased negotiation opportunities for discounts with less investor traffic, which will lead to greater opportunities for investing in high-value assets.
  • Look into long term investments that will generate ongoing passive income
  • Invest in cities with a strong workforce, vibrant business environment and many job opportunities
  • Invest in projects where you are the major investor and the completion of the project does not rely on other sales
  • Use a local partner to help you identify asset pricing cycles through the entire process

 

At a time where everyone seems wary of predicting the future, investors can pave their own way forward by taking action with confidence and looking ahead rather than looking for short-term prospects. When it comes to property interest, using a local expert is key to making sure you choose high-performing investments, especially during an economic reality with seemingly unsure footing. 

In a crisis, it is important to be aware of the dangers – but more importantly, recognizing opportunity.

COVID 19: THE HOMEBUYERS GUIDE

FROM THE CEO

In the wake of the coronavirus epidemic, evidence of a shaken-up society is all around: Traffic is scant on streets, restaurants are suspending operations, events and hotel bookings are being canceled, global supply chains are being disrupted and brick-and-mortar activities are declining. While all of these lend credence to reducing the spread of the pandemic, the notion of social distancing or self-isolation could become a hurdle for individuals in the market for a new home.

The multi-geographic nature of the real estate industry makes planning, preparedness, and communication essential in the event of a pandemic. Developers inherently have a high standard of responsibility especially in these uncertain times, as there is an increasing need for Industry leaders to strategize on other ways buyers can navigate the property market with safety.

As a customer centric firm, we understand that the impact of the virus is a major concern for all our clients and prospective clients, and are putting in all efforts in ensuring your safety by increasing our use of technology and ensuring that all staff adhere to recommendations around social distancing and proper hand hygiene especially at private tours and inspections.

I believe in the coming months when we collectively look back at this period, we will recognize and appreciate the benefits of technology in the industry. Stay Safe.

 

Aliyu Aliyu
Chief Executive Officer
Bilaad Realty Ltd

WITH EMPHASIS ON OUR PERSPECTIVE

The novel coronavirus, also known as COVID-19, has had a ripple effect across several major markets across the world. The Real Estate sector is not an exception, as the outbreak has also led to a detrimental effect on traditional real estate practices, which have become a tough tightrope to walk as agents try to balance job responsibilities with common-sense measures to protect buyers and even themselves.

As the selling season gets underway and the number of coronavirus cases rises across the world, some agents have had to come to terms with the harsh reality that the outbreak is putting them in the delicate position of forgoing common practices such as holding open houses, giving site tours, or shaking hands to contain the spread of the COVID-19 disease.

With certain events cancelled due to health concerns and individuals avoiding public places, it begs the question:

  Is it safe for buyers to continue the search for a new home? 

While spending a weekend bouncing around open houses, visiting construction sites, or going for inspections to stay updated on the progress of your investment definitely does not qualify as social distancing, there are other safer ways to carry out your home buying activities.

  • Take Advantage of Technology

For years people have been able to take virtual tours of listed properties and watch, or even participate in live-streamed showings. Today, however, these hi-tech services that were once an “added extra” are proving to be a vital ingredient for concerned buyers and sellers who cannot get to an inspection due to travel restrictions, or self-isolation.

Virtual tours and inspections are available to support buyers overseas and those unable to attend opens to inspect properties. Equally, we have the facility in place for viewings to be live streamed and for buyers to watch site progress remotely through our live feed cameras, or social media platforms.

  • Take Precautions

Real estate is a total contact sport—shaking hands, contact with frequently touched surfaces during viewings, signing documents, and so on. There is a strong emphasis on basic precautionary measures to combat the virus as opposed to blind panic:

 

  • Proper hand hygiene,
  • Use of face masks
  • Avoiding close contacts from people who are sick
  • Clean and disinfect frequently touched surfaces

While the realities of the pandemic may have complicated many things, including the way we buy and sell real estate, Bilaad Realty is rising to the challenges presented by COVID-19 and is taking every precautionary measure to safely assist clients with their home buying activities in the face of the new constraints we all face.

 

Strategic Alliances and Collaboration


In this century, society will confront obstacles of unparalleled complexity. Critical circumstances are affecting our environment, health care, finances, and education, demanding our timely attention. Yet all too often, we approach these issues with piecemeal solutions that are not sufficient to address the problems at the scale at which they exist.Meeting the complexity and emergent nature of these challenges requires transformative business leaders who can focus their attention on the change effort, while still considering the results needed to achieve impact. It requires leaders who are charismatic enough to lead through influence and dynamic enough to engage a diverse team. Leaders who will choose collaboration instead of other means of addressing challenges—such as competing, compromising, or avoiding.
It is safe to say, collaboration is a powerful tool for all business owners, regardless of the industry you are in or the type of business you have. By combining the effort and expertise of different organizations, we are better able to innovate and grow. More and more, there is an increased need for collaboration, and if we can build on this momentum to develop sustainable solutions for everyday real-world problems, we can truly transform our societies for the better.

Aliyu Aliyu
Chief Executive Officer
Bilaad Realty Ltd

STRATEGIC ALLIANCES AND COLLABORATION WITH EMPHASIS ON OUR PERSPECTIVE

In this ever-globalizing world, strategic alliances are becoming more evident, with successes including the fight to end xenophobia, the bilateral trade and
investment relations between China and Nigeria, and the rapid global response to ending a worldwide pandemic Strategic alliances allow organizations and individuals across industries to work toward common or correlating  goals. Companies can participate simultaneously in many kinds of
relationships, and partners in any relationship may play a variety of roles. In every case, a business relationship is more than just the deal. It is a connection between people that can take many forms and contains the potential for additional
collaboration. In the words of Henry Ford: “Coming together is a beginning. Keeping together is progress. Working together is success”.
The key to achieving success in today’s highly competitive world is to build, nurture and strengthen collaborative business relationships/partnerships. Irrespective of the size, reputation, customer loyalty or business prowess that a business may enjoy today, the continuation of successful collaborative
relationships will enhance the potential for a stream of opportunities.
It is perhaps with this reality in mind that Apple allows third-party developers to create applications for the iPhone OS platform to cater to the burgeoning
needs of iPhone users. Apple forged collaborative relationships with developers as it realized that anticipating all applications iPhone users might
value, was beyond the scope of the company. Hence, the relationship with market-facing developers was formed to help meet customer expectations and
build customer loyalty.

The scenario is no different in the Real Estate Industry. Advantages of entering into strategic alliances include diversifying product and services, increased client base, shared knowledge and resources, shared technology and a wide scope of
operations. The buyer entrusts the developer with their investments/data, in hopes that the developer channels its investments, technology platforms, and
human capital into creating a satisfying lifestyle for its clients. In our experience working with individuals and organisations across industries and countries, Bilaad
Realty understands the importance of collaboration and strategic alliances to create and sustain fruitful relationships for the satisfaction of our clients.
We are building networks that are complex and vibrant and recreating the business world that we think will thrive in a natural ecosystem. We believe that collaboration is one of the core attitudes and practices that is going to catalyze the change that is so urgently needed in these evolving times, and stay motivated to explore and enter into relationships with open-ended possibilities.

Keeping your home and family safe from coronavirus

Keeping your home and family safe from corona virus

With the rise of the new Corona virus,keeping your home and family safe has become more important than ever. Doing your best to avoid other people and public areas with the outbreak of corona virus (COVID-19) is not as easy as it sounds. Maybe you have a job or other requirements that force you outside of your home for a period of time. If you do have to go out in public, how do you protect the people in your home from corona virus? How to keep your family safe from coronavirus? Luckily, there are a few things you can do to help make sure that you are not spreading coronavirus to your family in case you are exposed to it. Some of these things include:
  • Cleaning and disinfecting your home often.
  • Regularly washing stuffed animals and other toys that can harbor germs.
  • Avoiding touching your face or the faces of other family members.
  • Not sharing food and drinks with other family members.
  • Avoiding travel to highly infected areas, if possible.
  • Washing your hands often with soap and water for at least 20 seconds.
  • If in public, doing your best to avoid others by practicing social-distancing techniques.
  • If you feel ill, make sure to self-quarantine or isolate yourself from other family members.
Reduce take-home exposure If you work in the medical field, service industry, or any other field where you may have a lot of contact with people who have been exposed to coronavirus, you may want to take further actions to prevent exposing your family or others to COVID-19. Some of the things you can do include:
  • Taking off your shoes before you enter your home and disinfecting.
  • Changing out of your clothes and washing up as soon as you get home. Consider keeping another set of clothes in the garage or laundry room to avoid contaminating your home with germs from your work clothes.
  • Taking a shower as soon as you get home. Avoid sitting on or touching household furniture or items before taking a shower.
  • Washing your work clothes in a different load than other laundry.
  • Cleaning the floorboards, steering wheel and dashboard of your car when you get home.
  • Making sure to clean all jewelry and accessories or better yet, leave them at home. If you need to have a watch at work, consider getting a watch specifically for your job and then leaving it there or in the glove compartment of your car when you head home.
At Bilaad Realty we care about the health and well being of the society. Please stay safe.  

THE NEXT BIG IDEAL IN REAL ESTATE

FROM THE CEO
The real estate market continues to experience rapid growth. To this end, having reliable information at your fingertips is more important than ever. As real estate professionals and prospective buyers alike continue to enter into agreements, seeking the credibility of developers has become imperative to avoid objections and confusion.
For many consumers, the purchasing process is routine: you notice a need and satisfy that need by choosing a known brand or the most convenient option. Despite the reputation that leading brands have built, consumers still verify multiple details in terms of features, durability, and service.


However, consumers are not research savvy when it comes to real estate by virtue of limited information on what to look out for. This is a major concern as less experienced players are now in the market, causing home buyers to face delay, unnecessary expenditure, and other problems in the long run.
Choosing a credible real estate developer can lead to more than just consumer satisfaction. It can assure that expectations are met and eliminate the occurrence of buyers’ remorse. It is essential that buyers are well informed, deliberate, and act with confidence when making decisions related to real estate endeavors.
Aliyu Aliyu
Chief Executive Officer
Bilaad Realty Ltd
WITH EMPHASIS ON OUR PERSPECTIVE
The continued increase in urbanization rate gave rise to the housing deficit and the drastic growth of the real estate sector. The boom has tempted many new organizations to enter into this domain with the promise of future success. The appeal of new market opportunities and financial prospects are at the forefront of people’s minds and the potential for financial gain is fueling low-end disruption in the market.
When buying a home, it is important to trust the real estate professionals with whom you will work. Doing some prior research to determine which developer will be the right fit is crucial. Below is a checklist of basic information you should consider before making a decision:

  • Honesty and transparency in business dealings must drive the choice of selecting a real estate developer. It is necessary to survey the market closely and seek developers that remain consistent in their conduct at all times. In this regard, prospective buyers must take the initiative to ask questions and seek insights from experienced real estate professionals.
  • Prospective buyers should exert themselves to discover the validity of legal documents, carry out search reports on the title document, track record of the real estate developer with whom they choose to transact. This is important because the past actions of developers are good indicators of their performance in the future.
  • Referrals from other home owners can offer key input before a prospective buyer decides to transact with a real estate developer. Essentially, the potential buyer of a new home must heed the word-of-mouth advice as part of the preparation to buy a new home.
  • Instinct is critical when buyers transact in commercial markets. The same is true for home buyers. In addition to logic and reason, home buyers must take note of their intuition regarding a certain home in which they may invest.
  • An organized, informed, and supportive developer of real estate projects provides the ideal platform for a modern home buyer. Developers should provide detailed information such as; location, size, and type of house they’re pitching to buyers. These attributes are important because they indicate a commitment on the part of the developer to the success and completion of the project.

Other dimensions for consideration for prospective buyers are details ranging from pricing, payment plans, and financing options available in the open market. Armed with advanced information, home buyers can engage in vital discussions with any real estate developer.
Choose a credible real estate developer, and you won’t just be buying a unit or a piece of real estate, you’ll be stepping into a new lifestyle. Aside from offering a comfortable property surrounded by modern conveniences, the right developer can also grant you some well-deserved peace of mind.
Keep this guide with you while you find a credible real estate developer to work with.

THE BUSINESS OF LIFESTYLE

 
FROM THE CEO
Great advancements in engineering, building safety, and city planning have been accomplished over the years, allowing us to redefine our social landscape. Developments in science and technology have enabled us to experience greater levels of comfort and conveniences, and bring entertainment and telecommunications directly into our homes. While we celebrate these accomplishments, we also acknowledge that our modern environment can contribute to some lifestyle and health challenges — sedentary lifestyles, lack of physical activity, poor diet, stress, and social isolation to name a few.
Our built environment favors fewer physical activities, such as texting over face to face conversations and screen time over outdoor recreation. Even as people live longer, more are living lonely, unhealthy and unhappy lives. To this end, there is a need to encourage participation in leisure and recreational activities. It is also important to instill the knowledge, skills, attitudes, and values necessary to shape a sustainable future. It’s about improving the well-being of everyone wherever they are and achieving this milestone collectively.
Health at the center of design, creation, and development are part of the next frontier in residential real estate. As we continue in our efforts to actualize this goal, Bilaad Realty realizes our capacity to leverage architectural progression and will continue to foster sustainable development.

ALIYU ALIYU

Chief Executive Officer
Bilaad Realty Ltd.

THE GREEN FUTURE

The Real Estate Industry in Nigeria is amongst the largest contributors to the nation’s economic growth.As the industry is growing rapidly, preserving the environment is a collective responsibility. The fast paced depletion of resources,rising pollution and climate change is affecting human life significantly.
This state of affairs calls for closer attention and increased collaboration to take measures towards the reduction of pollution and environmental degradation. The building sector, which is one of the largest consumers of natural resources and emits a significant amount of pollutants as well as wastes, can play a vital role in building a more sustainable environment by increased usage of green technologies.
The concept of green technologies refers to the choices guiding design and construction that incorporate; use of renewable energy resources,
preserving the bounties of nature, amongst others. It is imperative that we encourage each other to build communities that promote healthier, happier and more productive lives. Taking care of the environment from a local to global scale must be deliberate and sustained across all sectors and industries in countries
around the world.

ALIYU ALIYU
Chief Executive Officer
Bilaad Realty Ltd

VIRTUES OF DEVELOPMENT

As a nation, we have progressed in several facets of development since our independence. While we should acknowledge the milestones we have achieved thus far, we are yet to accomplish all of our goals.
Over the past decades, Nigeria has faced many developmental challenges, including issues with sub-par capacity and poor policy implementation. As organizations and individuals, we can do more to empower the nation.Initiatives should be implemented to encourage stakeholders and the government to strive for development across all levels.
The reputation of our country is our most treasured asset and the foundation on which we have built ourselves. The only way to protect and continue to improve our reputation is to meet our commitments, innovate in our businesses, deliver excellence – and then repeat.As we celebrate Nigeria’s 59th year of independence and the 2nd anniversary of Bilaad, we will continue to participate in activities that foster growth and capacity building through collaborations and partnerships. We believe it is the right path for us as an organization, and also for our nation as a whole. Congratulations to us at Bilaad and a Happy Independence celebration Nigeria!

Aliyu Aliyu
Chief Executive Officer Bilaad Realty Ltd.

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Plot 111 &112 Wing A Jahi, Abuja.
 
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Email : info@bilaadnigeria.com

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