The Hidden Costs of Buying Property in Nigeria (and How to Avoid Them)

Many first-time buyers — especially those in the diaspora — budget only for the cost of the land or house. But in reality, the total cost of property ownership in Nigeria includes several additional (and often hidden) expenses that can catch buyers off guard.

Hidden Costs to Watch Out For

1. Survey Fees – If not included, you’ll need a licensed surveyor to officially chart your land. Costs vary by location and size.
2. Legal Fees – For deed preparation, land agreements, and registration. Professional legal services are critical but not always budgeted upfront.
3. Development Levy – Some estates charge a fee for infrastructure like roads, drainage, streetlights, etc.
4. Agency Fees – If you’re working with an agent, expect to pay around 5–15% of the property’s value. At NexGen Realty, we cover this for free as we do not charge agency fees.
5. Documentation/Processing Fees – This may include government charges or developer-specific fees to process your documents.
6. Omonile Issues – In some areas, local community heads may demand traditional settlement fees. This is especially common with untitled land.

Why Diaspora Buyers Need to Be Extra Cautious

Because you’re far away, it’s easy for these costs to be inflated or hidden entirely. Without a transparent broker or realty company, you risk paying more than necessary — or worse, not knowing what you’re paying for.

NexGen Realty’s Transparent Pricing Promise

At NexGen Realty, we operate on a zero-hidden-charge policy. Before you pay, you’ll know:

* The total cost (land + legal + documentation + survey + other fees)

* Who receives what and why?

* Flexible payment plans to manage cash flow

Pro Tip

Always ask for a cost breakdown in writing. Any company that hesitates to share this isn’t working in your best interest.

Conclusion

Buying property in Nigeria can be life-changing — but only when you understand **all** the costs involved. NexGen Realty is here to help you invest confidently, with full clarity, no matter where in the world you are.

Take Action: Don’t let hidden costs derail your dreams. Download our Free Property Cost Checklist Here and get started the right way with NexGen Realty. Secure your investment with clarity — not guesswork.