Benefits of Investing In a 3 bedroom terrace duplex for sale
To buy a 3 bedroom terrace duplex for sale brings plenty of returns. The 3 bedroom terrace duplex has a spacious layout and therefore is suitable for large families as well as individuals.
There are three bedrooms, which provide for spacious living quarters with guest rooms or home workstations.
The importance of such qualities grows with time. Given the factors such as accessibility, availability, cost and quality of life.
In this article, we aim at uncovering the reasons why these duplexes are synonymous with comfort as they provide not only a luxury of space but also represent financial security.
It is time to get in the water and reveal why investing in a 3 bedroom terrace duplex for sale in Lagos, Nigeria should interest you.
Key Features of a 3 bedroom terrace duplex
- Spacious Layout: 3 bedroom terrace duplexes boast spacious and well-thought out floor plan, offering an abundance of room for large families and individuals alike. Large living rooms, bedrooms, and kitchen spaces create a comfortable living environment.
- Modern Design and Architecture: Today’s 3 bedroom terrace duplexes showcases modern and aesthetically pleasing designs. The Integration of solar power systems, automated gate systems, and large windows set them apart, providing a visually appealing facade and interior.
- Quality Construction Materials: The use of high quality materials ensures durability and longevity. Every detail reflects a commitment to craftsmanship, making these duplexes a sound and enduring investment.
- Energy Efficient Features: Embrace energy efficiency with features like smart home technology, eco-friendly appliances, and sustainable design. Beyond contributing to environmental responsibility, these features align with the preference of modern buyers and can positively impact the property’s market appeal.
Factors To consider When Searching For A 3 Bedroom Terrace Duplex for Sale
What factors should you consider when searching for a 3 bedroom terrace duplex for sale?
First of, you will envision “What you really want in a house” for some persons, it could be space and for others serenity. A 3 bedroom apartment could offer both.
When searching for a 3 bedroom terrace duplex for sale, here are the top three factors to consider
- Location: Location is very important when choosing your 3 bedroom terrace duplex. The need to consider convenience and comfort for yourself and your family is of the essence. Is the duplex close enough to your place of work, place of worship, school for your kids, health care facilities and other amenities? Is the security details up to your standard? are the roads easily accessible?
Depending on your taste, you could also pay attention to proximity to recreational facilities and commercial hubs.
- Size and Layout: The size and layout of your 3 bedroom terrace duplex are also important; especially if you have a large family. You should also consider the size of the living rooms, the number of bathrooms, and backyard size etc.
- Amenities: You should also consider the amenities that are available in the apartment. Amenities like swimming pool, a gym room, and a big playing ground for kids.
By taking these factors into account, you can narrow down your options and find the perfect 3 bedroom terrace duplex for sale in Lagos.
Best Areas In Nigeria’s Top Cities To Find A 3 Bedroom Terrace Duplex for Sale
- Lagos: Lagos is one of the most popular cities in Nigeria, known for its vibrant culture and fast-paced lifestyle. Sometimes, it’s called the Las Vegas of Nigeria. True to the fast-paced activities shouldering the city, it is a bit challenging to live in Lagos; especially if you’re new to the hustle and bustle of a new city. Lagos, with a population of about 15million originally the starting point of the British colonization, the city draws to itself the best of the best. With plenty of museums, art galleries, theatres, carnivals and festivals, there are numerous things to explore.
- Traffic: Can we talk about Lagos without mentioning the notorious traffic jams? Hardly! The direct consequence of such a large population is congestion on the road; which makes getting around the city a challenge.
- Cost Of Living: Compared to other states in Nigeria, the cost of living in Lagos is relatively high; especially when it comes to housing and transportation.
- Crime: Although Lagos is generally safe, crime can be a concern in certain areas of the city.
Areas to consider living in Lagos
This is one of the most upscale areas of Lagos, known for its luxurious apartments and high-end shops and restaurants.
- Victoria Island
Another upscale area of Lagos, Victoria Island is known for its beautiful waterfront views and modern amenities.
Located at the west of Victoria Island, Lekki is a quieter and more suburban area that is popular with families.
The cost of living in Lagos varies depending on the area you choose and the type of flat you’re looking for. On average, a 3 bedroom apartment in Lagos can cost anywhere from #900,000 to #7,000,000 per year for rent. I you are looking to purchase an apartment, there are several options at Pentagon Court Phase 5 annex and Highbury Heights Phase 1; a development by Facibus Housing.
Abuja is the geographical centre of Nigeria and is known for its modern infrastructure and high standard of living. The city houses an abundance of commercial hubs and as such, is a popular destination for professionals and expats, with plenty of job opportunities and cultural attractions. Due to its large diplomatic presence, Abuja boasts of several countries embassies and consulates.
- Cost of Living: Living in Abuja can be relatively expensive, especially in upscale neighbourhoods where property prices and rents tend to be higher.
- Weather: Being in the North, the city experiences extreme weather conditions; with hot and humid temperatures during the dry seasons and heavy rainfall during the wet seasons.
- Bureaucracy: Dealing with bureaucracy and government processes can sometimes be challenging due to the concentration of government institutions in Abuja.
AREAS TO CONSIDER IN ABUJA
These are some of the best areas for finding a 2-bedroom flat in Abuja:
This is one of the most upscale areas of Abuja, known for its luxurious apartments and high-end shops and restaurants.
Another upscale area of Abuja, Asokoro is known for its beautiful parks and gardens and quiet suburban streets.
Located on the outskirts of Abuja, Gwarinpa is a quieter and more affordable area that is popular with families.
The cost of living in Abuja varies depending on the area you choose and the type of flat you’re looking for. On average, a 3 bedroom apartment in Abuja can cost anywhere from ₦1,500,000 to ₦6,000,000 per year.
While Lagos and Abuja are the most popular cities for finding a 3 bedroom terrace duplex for sale, there are several other cities that can give you premium value for your money. These cities include; Enugu, Port-Harcourt, and Ibadan.
The same factors considered when looking for a 3 bedroom terrace duplex for sale in Lagos and Abuja, should also be considered in these aforementioned cities.
How to Find the Best Deals on 3 Bedroom Terraced Duplex for sale in Nigeria
When searching for a 3 bedroom terrace duplex for sale in Nigeria, it’s important to be meticulous in your research and look around for the best deals before making that payment. Here are some tips for getting the best deals:
- Use online resources:
Several online resources can help you find 3 bedroom apartments in Nigeria. Property listing websites such as Nigeria Property Centre or Private Property Nigeria can give you an idea of the price ranges of certain properties that catch your fancy, where to find them and accompanying videos to help you make a decision.
- Work with a real estate agent:
If you are new to a house hunt, getting a real estate agent to help you find the best deals is a wise step. They usually have a wide range of properties you can choose from, they can act as a middleman between you and the property sellers, and effectively negotiate a deal that will eventually favor you.
- Be flexible:
As much as you might have a long list of amenities your desired apartment should have, the precise location it should be situated at, and even the layout of the place, chances are that you might not get all your desired qualities in one apartment.
When you eventually find a 3 bedroom terrace duplex that you really like, don’t be afraid to negotiate on the rent or other terms of the lease.
Buying a 3 Bedroom Terrace Duplex Vs. Renting
Which is best?
You may be wondering whether it’s better to rent or buy. Both renting or buying a 3 bedroom terrace duplex have advantages and disadvantages, depending on your situation and preferences. Here are some things to consider:
According to market analysts, some locations in the city are considered the cheapest relative to what is obtained in other locations. Such areas, they say, are for renters who are low-income and have tight budgets.
A market report by Estate Intel, an online property research startup, lists the six locations as Ojo, Ikorodu, Alagbado, Agege, Ikotun, and Egbeda, where average rents for 1-bedroom apartments range from N325,000; N220,000; N270,000; N350,000; N350,000; and N240,000 per annum, respectively.
- Flexibility: Renting a 3 bedroom terrace duplex gives you more flexibility to move around and explore different areas of Nigeria.
- Lower upfront costs: Renting typically requires lower upfront costs than buying an apartment. You wouldn’t have to worry about a down payment, recurring payments or other fees.
- Less responsibility: When you rent a 3 bedroom apartment, major maintenance and repairs are typically handled by the landlord.
- Long-term investment: Buying a 3 bedroom terraced duplex can be a long-term investment that can provide financial stability and security.
- Sense of ownership: Owning your own apartment gives you that sense of ownership and control over your living space
- Potential for appreciation: The real estate market in Nigeria is fairly young but has been growing at a massive rate. This means that your 3 bedroom terraced duplex could appreciate over time.
Investing in a 3 bedroom terrace duplex is more than the short term benefits it provides. It is an intelligent investment plan for those wishing not only to lead a high-class life but also build long and stable financial security.
As the next step in your real estate path, consider a 3-bedroom terrace duplex for sale. The advantages are not limited to the property walls; rather, they capture how one lives and what investment opportunities a person gets.