It’s risky to retire without putting some things in place for your family, especially in Nigeria. There are certain things you ought to put in place. 

One of those things includes making the transition from being someone who pays rent to a homeowner. You have two options: either buy a piece of land and start building way before you retire or if you earn a lot, avoid the stress of building and buy a home after you retire. 

In this blog post, we’ll explore four crucial points to guide you through the process, emphasizing the importance of planning, which is better for you, and the easiest way you can own a home before you retire. 


Should I Build or Buy a House? 

If you’re caught between deciding between building and buying a house, it involves weighing various factors to determine what you should do. Let’s explore some of them. 

One of the advantages of building is that you can customize your house to your taste, from layout and architectural style to fixtures and finishes, you have full control over the construction process. However, if you have a great offer to buy a home off-plan, you can still enjoy the same privileges. 

Buying a house also provides the opportunity to evaluate the property’s condition and location before making a purchase, potentially avoiding the uncertainties and risks associated with new construction. If you were to build, except you have a lot to spare, you would have to settle for a location you might not enjoy. 

Ultimately, the decision between building and buying a house depends on your priorities, budget, timeline, and personal preferences. If you can find a budget-friendly price with a flexible payment plan, buying might be a better option. 



If you want to plan and get a home before you retire, there are certain things you need to pay attention to. We highlighted a couple of them, but since time is of the essence, you need to start now so you don’t regret it in the future.


Black family, father or portrait of mother with happy kids in home to relax on holiday vacation wit


Step 1: Assess Your Finances 

Before embarking on the journey to homeownership, it’s vital to assess your financial readiness. Evaluate your income, savings, debts, and expenses to determine how much you can afford to spend on a home. 

Saving for a down payment is essential, especially when you see a good deal for a home in a great location. By understanding your financial position and budgeting effectively, you can set realistic goals and make informed decisions throughout the home-buying process. 


Step 2: Research the Market 

In Nigeria’s real estate market, conducting thorough research is key to finding the right property at the right price. Familiarize yourself with property prices, trends, and locations. 

Working with a reputable real estate brand can provide valuable insights and guidance, helping you navigate the complexities of the market and find suitable properties. By staying informed and proactive, you can make informed decisions and capitalize on opportunities in the real estate market. 


Step 3: Ask about Legal Documentation 

Seek legal advice to review all legal documentation related to the home purchase, including sales agreements, title documents, and property deeds. Ensure that all paperwork is in order and free of any encumbrances or disputes. Working with a reputable real estate brand can help you get this stress-free. 


Step 4: Think Long-Term 

When purchasing a home before retirement, it’s essential to consider your long-term plans and future needs. Evaluate factors such as proximity to amenities, schools, transportation, and healthcare facilities. 

Additionally, you can think of investment options. Owning a home you can get returns from is a great channel for a lifetime of passive income. 

By planning for the future and choosing a home that meets your evolving needs, you can ensure that your investment remains sustainable and beneficial in the years to come. 

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