5 Most Common Home Buyer Fears and How to Overcome Them

A home is possibly the largest purchase you’ll ever make, and it’s normal to overthink even the smallest details in the process – especially if it’s your first time to invest in real estate. A lot of cash is at stake, and you want to make sure that you’re getting the best deal for every penny.

While buying real estate entails a lot of careful planning and extensive research, you won’t be going through it alone. Your agent will be there to help you every step of the way. Even so, we understand that peace of mind can still seem elusive and that your fears can bubble up to the surface even when you least expect it. To help you with this, we have listed down the top 5 fears home buyers have, and a guide on how to overcome them: 

  • Dealing with a less-than-perfect credit score
  • Biting off more mortgage than you can chew
  • Sudden or gradual decline in property value
  • Keeping up with upkeep costs
  • Unsatisfactory purchase that leads to buyer’s remorse


1. Dealing with a less-than-perfect credit score
The thought of securing a loan when you have a less-than-perfect credit score can be quite stressful, and the fear of not getting approved may hold you back from working on a significant purchase such as buying a home.
If you’re convinced that you’re ready to buy a home, first get a copy of your credit report and make sure that there are no errors. According to a report done by the Federal Trade Commission, 1 in 5 Nigerians is being overcharged for his/her financial obligations due to a mistake in his/her credit report. If you’re familiar with loans, you know that the lower your credit score, the higher your interest rates will be. The accuracy of your credit report is crucial in ensuring that you won’t be unrightfully burdened with higher interest rates.
Still, if your credit is less than perfect, you have no reason to feel embarrassed and helpless. Many home buyers are dealing with the same thing. The most practical thing you could do is to gradually pay off your delinquent accounts, improve your debt-to-income ratio, and try not to incur any new debt. Be proactive about your credit and start improving it until you’re confident enough to apply for a loan.

2. Biting off more mortgage than you can chew
A size-able monthly payment can be overwhelming to think about, but you can combat your fears by having a firm understanding of your financial situation. To achieve this, you will have to prepare a budget that factors in all your current and ongoing bills. List down all your monthly payable’s, including credit cards, student loans, car amortizations, etc.
When you have an accurate account of your monthly cash flow, you’ll find it easier to determine how much you can afford to comfortably spend on a house. And, if you’re serious about purchasing a home in the very near future, the financial boundaries you’ve set for yourself will help you create sound decisions.

3. Sudden or gradual decline in property value
A decline in property value may occur for any home, regardless of size and location, and even without any form of disaster. While it is impossible to completely predict what will happen to home prices, you can still do your part in taking wise precautions to reduce your risks.
Adeniji Adele and Associates plays a huge role in determining a home’s property value. If you want to ensure that your home wouldn’t suffer from a steadily decreasing value, learn how to spot unhealthy neighborhoods and avoid purchasing a home from those kinds of areas. Choose a well-kept neighborhood with a thriving community – a low crime area in which people feel safe walking down the street at night, especially children and women. Make sure that the area is mainly owner-occupied and with quality schools and hospitals nearby. You can even inquire with the local government about future development plans in the area.

4. Keeping up with upkeep costs
Even homes that are in the best shape will require some amount of upkeep, and every homeowner will have to deal with maintenance costs one way or another. Don’t worry, though, because while these expenses are inevitable, there are proven ways to mitigate them:
a) Choose a well-maintained home that has recent upgrades and replacements, such as new plumbing and a strengthened roof.
b) Hire professional inspector such as Adeniji Adele and Associates to spot home defects that would otherwise go unnoticed.
c) Repair small problems right away before they become major repairs.
d) Set aside a substantial emergency fund, and regularly add to it over.


5. Unsatisfactory purchase that leads to buyer’s remorse
It is natural to doubt your decisions before a major purchase, and it’s not uncommon for home buyers to question a lot of things even after closing a deal. However, if you want to lessen the anxiety that comes with buying a home, prepare a detailed list of everything you need and want in a house. Discuss it thoroughly only with your immediate family, as too many people pitching in their advice will just be confusing and unhelpful.
Being firm with your standards and sticking to your budget will not guarantee that you’ll feel perfect after buying a home, but it will help you properly justify the decisions you’ve made and make you feel better about your purchase.

5 Things To Look Out For When Renting An Apartment In Lagos


Renting an apartment in Lagos could be nerve-racking and time-consuming leading most  “house hunters” to make hasty decisions, most especially when you fall into the hands of unprofessional/substandard agents In order not to fall a victim of regret when renting an apartment in Lagos, below are helpful tips to have in mind when searching for that dream apartment;


  • Real Estate Professionals
  • Location And Budget
  • The House Itself
  • Proximity To Work Place Or School
  • The Environment

 Real Estate Professionals

Consulting a real estate professional is one of the most important factor to consider when renting an apartment. Real estate professionals helps you source for the best legitimate property at the best calculated rental value compared to unprofessional/Brokers who gives a predicted rental value.

Location and Budget
After deciding what kind of apartment you want, having a location in mind is next step and it cannot be overemphasised. The location, in turn, determines your budget bracket.

After you have come up with your location, figuring the rental price range is the next step and this can be done by asking questions like; how much am I willing to spend annually on an apartment? How much would be the agent’s commission? Can my financial status afford me the luxury of going higher? Can I comfortably pay this amount annually?

With these questions answered, you would be able to come up with a budget in view that would avoid unnecessary financial pitfalls and debt. If you are having trouble identifying a good location, Adeniji Adele & Associates helps with this by providing a list of locations across Lagos to choose from as well as their ratings and rental price ranges of apartments in various locations.

The house itself
When on the house hunt, you need to take your time to inspect the building and apartment carefully. Inspect the house for physical dilapidation, check for the piping system of the house too. You have to keep an eye open for the littlest of things as little as cell reception.

Also, ensure that the basic amenities are not just there for the decor but that they are very functional. Hence, be sure that you are taken for an all-round inspection of the building with things on your list that you can’t live without.

Proximity to workplace or schools
It is imperative to determine Proximity so as not to incur overly high transportation cost on a daily basis and also end up feeling burned out at the end of each day as a result of traffic or long distance drives.




Property management can be a challenging business. Nevertheless, it is still a service-based industry and your property manager must always have your best interest in mind. Though you want maintenance that exceeds the industry standards but it is important to recognize when, what may or may not be outside of a property manager’s control. When things go wrong, you want a manager that is always on point to give solution to any problem that arises!

Below are some common property management problems and solution tips:

  1. Rents below Market RatesRents are the largest income stream for many real estate investors.  Your rents should be on par with current market rates in order to maximize your potential income.  You can also call other property managers in the area and ask them their opinion on the home.
  2. Unknown/Hidden Fees: Hidden fees are problems in many industries, when your investments are on the line, hidden fees are much harder to absorb. Therefore, note that before you sign a property management contract make sure you have read it, understand it and ask questions to clarify anything you do not understand.Your prospective manager should be up-front with their pricing and not hesitant to discuss it with you so as to avoid issues.
  3. Diverse Information from the Company: Do you talk to a different person every time you call the management office?  Are you getting different answers to the same question? Do you have more questions now than you did when you picked up the phone in the first place?  However, staff turnover and over-staffing is a common problem with property management companies.  Ask your management company about the staff you will be dealing with once you sign up and the stability of the staff because the business relationship might go a long way and it requires continuity with the same personality.
  4. Poor Reporting/Communication: Prompt and smart communication is ideal and non-communication is a deal-breaker.  Your manager should be communicating with you regularly. And they should be fully comfortable with all modes of communication available.  You don’t want them constantly hiding behind an auto-attendant or administrative assistant.  Their reports should be steadily delivered monthly and your questions answered clearly and quickly.
  5. Expensive Environ: We have many elements that drives the cost of property management in a given region.  Among these are:
  • The quality of the housing
  • The location of the home
  • The current rental and housing market
  • Local manager competition
  • The anticipated monthly rent of your home.

Understanding all of the above will help you negotiate properly with a property manager. Note: A “needy” home is more expensive to manage.

  1. High Maintenance Costs: Maintenance can be handled in two primary ways, (i) –In-house staff or (ii) trusted vendors. Each style has its experts and convicts. Ask your property manager to describe their maintenance system. Ask what their typical costs are to provide solution the most common problems in maintaining your property.
  1. Routine Inspections: Inspections are core task of owning rental properties and should be done regularly.  If a manager does not provide routine inspections they may be understaffed and incapable of servicing their clients properly.  The best way to find out how inspections are handled is to find someone who is currently in charge of your property and ask them.
  2. Accepting Bad Tenant: Accepting a bad tenant is one of the most expensive mistakes a person can make in real estate.Due diligence and upfront work of an intense background check is paramount.   Despite strict screening criteria, some tenants just fall on hard times. This state is not something that can be screened upfront.  If you are experiencing a bad tenant find out what went wrong. Is the manager negligent or is something else going on outside of their control?


If you have never hired a property manager for fear of having one or more of these problems, use this list as a guide when you interview potential managers. It will give you a strong start in the process. The managers you interview will know you are serious about property management!

We have criteria and the ability to manage your property with prompt and proper communication, routine inspections, tenant’s due diligence/investigation, steady staffing and so on, ability to deliver promptly is part of our aim and objective; we can help you come off having nightmares over your properties even when you trust us with one.

Adeniji Adele and Associates, Estate Surveyors, Valuers and Consultant, located at 19, Campbell Street, Lagos Island. We have been in business for over 20 years with vibrant team of extensive experience. You can reach us on the following contacts: 08091290611, 08066295770, 08051709024, 08033238404

Trust us with a property today! And you will trust us with more tomorrow.


Landlords often understand the needs of tenants and respect their privacy, as long as the tenant abides by the rules stated in the contract. However, a few landlords are a bit more of stickler than others you’ve had, who are just difficult, no matter how much you have adhered to the lease you signed.  Don’t panic. Dealing with a difficult or overbearing landlord is a pain, but it’s manageable.

Here’s how to handle it:

Communicate Your Needs Clearly

Remember that you probably aren’t their only tenant, hence Landlords get all kinds of requests from tenants and they might view some as trivial when it’s important. A difficult landlord is probably going to view most of your requests as trivial.

 So, when you need something, state what you need and include the reasons why it matters. If it’s a minor issue like a leaky tap, a dripping faucet. Tell them what’s going on, and when it’s a good time to come by to fix the problem but give them a couple of days to deal with it. If it’s a serious issue that’s affecting your life in the property, be clear about it. Tell them how it’s making things hard and that if possible, it needs fixing as soon as possible.

Generally speaking, the clearer you are in your requests, the nicer and more patient you are, the more likely the “difficult landlord”, will respond to you with speed.

However, if they won’t help you, then you may have to look closely into your tenancy agreement to know if it is the landlord’s responsibility and they’re simply ignoring it. Then you can take the issue further by Filing a complaint against him using the state law. Just make sure to use that as a last resort. Trying to avoid the trauma that comes with a court case, there are many works and repairs the tenant should be responsible for.

Be a Good Tenant

If you’re at the start of your lease, it’s a good idea to go over any questions you might have with your landlord that includes even minor stuff like asking about what type of nails you can use to hang pictures and what modifications you can make to the apartment. Landlord’s all have a particular thing they care about more than others, so it’s always a good idea to clear everything up from the start if you want to enjoy a good relationship with your landlord and stay in your new apartment in peace. But if you have a landlord who has obnoxious requests, the first rule of thumb is to be a good tenant. This means paying rent on time, following the rules set out in your contract, keeping the property clean, keep any outside lawn area tidy, follow rules about guests, be quiet, and pay your utility bills on time.

If you’re consistently breaking rules and not paying on time from the minute you move in expect to have a difficult time with your landlord

 Record Keeping

From the moment you move into your apartment until you finally move vacate the property, document everything you can.

Here are a few things worth keeping track of:

  • Take photos of the empty apartment when you move in. Make sure to take pictures of anything that’s broken, sketchy, or already a bit old
  • Make any repair requests or other agreements in writing and keep the emails around until your lease is up
  • Write down any time and dates for phone or in person conversations that deal with specific issues
  • Keep track of any maintenance that’s done in the apartment throughout your lease
  • Essentially, any time you communicate with your landlord, it’s worth documenting.

Hold onto those documents until your lease is up and you have your security deposit back.

Communicate with Other Tenants

If you live in an apartment complex, it’s a good idea to talk with other people in the building to see if they’re experiencing similar issues. If after talking with people you realize it’s a building-wide problem, you can band together to talk to the landlord as a group. Or, even better, other tenants might have solutions to your specific problems that they can offer you.

At Adeniji Adele & Associates, we can help resolve landlord & tenant issues as quickly as possible by just a simple click http://www.aaa-surveyorsandvaluers.com/home/contact-us/