What Every First-Time Homebuyer in Nigeria Must Budget For

Many first-time buyers calculate only the property price — then get shocked by extra costs. A complete budget prevents forced compromises later.

Costs to include

• Agency/professional fees where applicable
• Legal fees and related conveyancing costs
• Survey and title verification expenses
• Stamp duties / consent-related costs where required
• Repairs, painting, or basic furnishing after handover
• Moving, security deposits (for rentals), and initial utility setup

Build a contingency

Keep a reserve of at least 5–10% for surprises: document delays, minor structural fixes, or price adjustments during negotiation. If your budget is tight, buy a simpler property in a better location rather than a flashy unfinished one.

On NG Vendors, filter by price range first, then evaluate total cost of ownership before you fall in love with photos.