First things first, Lagos apartments are OVERPRICED. If you think you will get value for your money, please get ready to be shocked out of your wits. What you will find is that rent property quality is not even at par with the cost placed on it. I’ll get back to this in a bit.
So January 1st this year I had a list of what I want in 2017 and top of that list was paying my own rent. Rationale: My dad retires this year and it was past time papa mia stopped footing the rest of my responsibilities. Then I thought again, Olodi-Apapa (where I currently stay) is too far. I’ll search for a place in a central location in Lagos and pay.
Thus the search began. First I learnt that what I have known as a self-contained apartment all my life is called the Mini-flat in Lagos. So by Lagos definition, a self-contained apartment is just one-room with bathroom and toilet carved into a corner of it and a Mini-flat is usually a room, sitting-room, kitchen and toilet facilities in it. For me and everywhere I have lived (Ogun and Ondo) except Lagos, what I described as a self-contained apartment will be regarded as just what it is – a room.
That understood, I limited my search to “Mini flat” in Ilupeju, Airport Road area of Oshodi, Gbagada, Yaba, Onipanu and Maryland. Budget: 250,000 Naira per year. Can I hear some short snorts, somebody? Google became my friend, that’s aside the BBM announcement I made about searching. The first few responses I got to this “advert” was “250k? For Miniflat in this Lagos? Make it 300 or worse 350 na”. At this, I get my small Nokia and put the calculator to good use. Let somebody not come and be counting bridges in Lagos abeg. After the calculation, I realised going up on my initial will put plenty pressure on my pocket. After rent, I will sha still pay bills and feed and look good; all of which also cost money. So 250k or nothing.
Between Jiji.com and Nigeriapropertycentre.com, I managed to find some agents. The first I met in Yaba, very customer-centric, was the one who taught me the difference between self-con and Miniflat according to Lagos. Then we (My twin and I) decided to go see the apartment and then he says we’ll be paying 3000naira for inspection fee. The Ijebu in me kicked in. I need to pay to check? What if I don’t like the place? Will I get refund? Answer: No. I calculated; if I saw five different agents to check different places, 15000 is gone? LOL! So I quickly told him I’ll call him later about it as we’re undecided as to whether we want Yaba.
My next stop was Oshodi. I saw two places there. The first place, if you have a car, you will be parking on the street. That told me one thing. The man who owns the house is not progressive. Is he praying his tenants never own cars? Did I mention the almost non-existent ventilation? Lagos is hot enough for one to add cramped apartment to the wahala. My answer, Mbanu! The second place had a very poor road network, and the apartment, two stories up, had not been connected to water. Again, no thank you. For both I paid 1,500naira inspection fee.
Please note that at this time, I hadn’t thought to ask my dad how much my current two-bedroom apartment costs. Next stop was Ogudu, this one was found by a friend. The sad part about that area was that both ways, I will always be in traffic: whether to work or from work. That’s like adding ten years to my twenty-something already. Still, let’s see the apartment. It was nice. The builder or landlord however made a mistake: the window of the sitting room and the stair outside the house are on the same level; which meant if it rained and water flows down the stairs, it will flood the room. Did I go in rainy season? No. How did I know? Chuck that to the few times my twin and I have gone to Popsi’s house while it was being constructed. The detailed eye helped where nice would have just been enough for some people.
Long story short, I found another apartment at Onipanu. 270,000 yearly as rent and 120,000 for “agency and commission”, the agent said. Total: 390,000 Naira in the first year. Note again, this is rent only. Then I called papa and he said “120k commission and agency? Isn’t it supposed to be 10percent of rent again? That’s what the law says. That’s too much to pay”. That’s when I decided to ask, “Daddy, how much do you pay for this our place?” Let’s just say the answer got me realising I can pay 1 and three-quarter year’s rent at my current place. Did I mention that my current house can comfortably park 10 cars, has steady water supply and is only “far” when you’re coming from after Oshodi (Ikeja, Ojota, Ketu, Ikorodu)? Also to and from work or anywhere, I’m always against traffic unless the Apapa traffic demons (oil tankers and freight vehicles) are out to play.
Final decision: Rent paid and I will not be moving.
- Lagos apartments are priced based on Location. Please note, location doesn’t necessarily mean quality apartment. It only means you’ll be paying almost double the price of a Mile 2 apartment in Yaba
- Only you know your pocket. Don’t let your big girl/boy status be determined by those who think living in one area isn’t good for your status when they are not supporting you with a dime.
- That thing they say about Lagos and packaging, it’s true. Don’t let your need for a fine house take your eyes off the really important details. Go with a detailed eye.
- If you have a low budget like the one I had, look beyond the really catchy areas of Lagos. It doesn’t make sense to drive a Murano while living in one-room in Magodo when you can get a mini-flat or standard flat at the same rate in Okota, Mile 2, Palmgrove or Egbeda and still drive that Murano.
- Only you know what you want. Don’t let Lagos’ idea of what is good make you lower your standard.
- Most importantly, life is too short to be living to pay rent alone.