For potential homebuyers and investors in the Ajah region, a new option for affordable homes has surfaced. A well-known local real estate developer, Meridian Park Estate, has provided fully constructed homes at a much reduced cost with a payment plan that enables customers to move in immediately without having to wait for years.
“The payment plan offers two options,” the company said in a statement: the first is to pay the entire amount up front, while the second option requires a deposit to move in and spreads the balance over 24 months while residing in the property. The company added that the offer gives investors the chance to start earning rental income right away.
The comment made it seem as though most Lagosians, who had idealized the concept of property ownership but had given up on it because of skyrocketing home costs, would find the arrangement to be a relief.
The article said that some people have waited a long time or decided to buy homes in their hometowns (often rural areas), where housing is less expensive, noting that this has become a way of life for people who want to get a good bargain without necessarily breaking the bank.
The statement went on to say that the creation of an American-style mortgage payment system, which enables home buyers and investors to purchase a property without being constrained by financial limitations, is what makes it possible for the new housing choice.
The statement added: “According to real estate analysts, the properties in question experience an annual value appreciation of up to 30 percent, making it a viable investment option for those looking to expand their portfolio. As an added advantage, investors can start earning from day one and utilize the earning to pay up the balance.
“The hearty reviews from homeowners who now live in homes they never believed they would own speaks volumes in showing that no matter how small your budget is, you can own a home that fits all your needs in Lagos because Meridian Park Estate have gone an extra way to simplify the process of homeownership.”