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Five Ways to Keep your House Cool without Air-conditioning

By wemabod,

Purchasing an air conditioner may not be what you can tick off your To-Do list right now, but if you find your house uncomfortable as a result of the heat, there are creative ways to make it even more conducive without air conditioning.
Buy a Box Fan – Box fans are often placed in or near the windows, it helps to draw in cool air from outside or pull warm air out of a room depending on how they are placed. If the blades face the window screen, the fan helps pull hot air out of the room, flipped the other way, it draws in air from outdoors. It saves energy and is also an affordable alternative to air conditioning. For your kitchen and/or bathroom, fix an exhaust fan that will pull the hot air that rises after you cook or in your bathroom to draw out steam after showering.
Close your Curtains and Blinds – Heat finds its way into the house through windows, to lower the indoor temperature, close your curtains and blinds. It is advised to use dark curtains and blinds, and this will help to reduce the flow of sunlight into the house. When the sun is down, you can open up all curtains and blinds to allow fresh air in.
Stay Hydrated and Take a Cold Shower – To keep your house cool, you have to feel relaxed within. Drinking water regularly is the first step, and it makes your body hydrated and replenishes body moisture lost to heat. Taking a cold shower or bath also helps to cool the body by lowering its temperature.
Disconnect Unnecessary Heat Sources – One of the major causes of heat are unplugged heat sources which include your chargers plug, TV and other electrical appliances that draw in additional heat through the socket. To lower the temperature in your house, always unplug chargers and other appliances that are not in use. Also, consider using more energy-efficient and LED bulbs, it saves energy, money and heat felt in the house.
Declutter your House – Sometimes the heat you complain about can be caused by all the unnecessary load in the house. When your home is congested, there is little or no room for air to move freely. Clearing out the house will enable proper ventilation and allow air to circulate freely. Also, if there is a room no one is using, close it off to keep the cool air in only occupied areas of the house.

CategoriesConstruction Marketing Real Estate

Top Mortgage Banks in Nigeria

By wemabod,

A mortgage institution is a bank that specializes in mortgage loans, it offers loans to people for the purchase of real estate properties. Most times individuals may not be able to buy houses with their monthly salaries. Also, it may take a long time to save up to buy or build a house. Mortgage banks help by giving real estate investment capital as loans, then collects the payments back installmentally.
Federal Mortgage Bank of Nigeria (FMBN) is the oldest mortgage institution in Nigeria, it was established in 1956, known then as the Nigerian Building Society (NBS), a joint venture of the Commonwealth Development Corporation and the Federal and Eastern Governments of Nigeria. The Bank operates as an effective vehicle for increasing the mobilization of long-term funds, lending volume and expansion of mortgage lending services to all segments of the Nigerian population.
FBN Mortgages Limited is a leading Primary Mortgage Bank (PMB) with focus on delivering the best mortgage banking services and products that typify the dominance of its parent– First Bank in the financial services industry. As a dedicated provider of a wide range of mortgage and real estate financing solution, FBN Mortgages is in a unique position to help customers make those critical steps towards seamless homeownership and real estate development.
Abbey Mortgage Bank Plc is the premier, largest and most profitable, non-aligned Primary Mortgage Bank in Nigeria. It is one of the seven national Primary Mortgage Banks (PMB) licensed by the Central Bank of Nigeria and Federal Mortgage Bank of Nigeria (FMBN). It is also an accredited primary mortgage bank (PMB) for the National Housing Funding (NHF) on-lending facilities. The bank offers different mortgage and investment products, and advisory services to corporate organizations and individuals to empower them to access housing finance. It also facilitates the provision of mortgage and real estate related services to respond to their needs.
Platinum Mortgage Bank Limited was incorporated in 1992 with the Corporate Affairs Commission to provide savings, loans and homes ownership services. It was licensed by the Central Bank of Nigeria and the Federal Mortgage Bank of Nigeria under the CBN Decree 24 of 1991 and FMBN Decree No. 53 of 1989 respectively to provide Mortgage Banking Services in Nigeria. Hitherto known as Platinum Home Investment and Mortgage Limited, PMB Limited was recapitalized into a formidable Primary Mortgage Institution backed by innovative products, services, and requisite professional management.

CategoriesConstruction Marketing Real Estate

How to Determine the Market Value of your Property

By wemabod,

The real estate market in Nigeria is dynamic, as a result the value of properties are constantly changing. Knowing what your property is worth especially when you are trying to buy or sell. The market value of your property is what buyers are willing to pay for it. There is nothing worse than selling way below value and losing money. Below are some factors to consider in determining the value of your property –
Location – Location is key in the demand for homes and it can considerably affect the value of properties in these areas and how much they are purchased.
Physical Characteristics: The size, shape and topography of the property are factors equally important in estimating market value of properties. This have great effect on the use to which it can be put and also impact the eventual cost of development. The more appealing these factors, the higher the value of properties.
Availability of Infrastructure – Properties in locations with essential amenities such as reliable power supply, drainage systems, good roads and more are bound to attract the attention of buyers which will invariably increase the price of the houses compared to underdeveloped areas.
Market Knowledge – Surveying the market will further help to determine the worth of your property. Current listings of similar properties can give you an idea of the real estate price estimate in your area. Also check out recently sold houses in your area, especially if the properties were purchased at impressive prices over the past six months.
Nature of Title – The type of title to properties can determine their worth. Properties with registered titles are likeky to command higher values that those with unregistered titles or just survey plans. The reasons for this are that parties would have to factor in cost of perfecting the title aside from the fact that athose with registered titles are better secured and bankable.
Nature of Interest: Interest in properties can be leasehold, freehold, licence, easement and many more. All these interests have varying degrees of relevance. The nature of interest therefore determines the tenure and certainly the value.
Condition of Property: The stste of repairs of properties have significant impact on value. The lower the cost of repairs, the higher the value and vice versa.
Use of Property: The use of property can be Residential, Commercial, Industrial or Recreational. All these uses have a way of impacting on the value.

CategoriesConstruction Marketing Real Estate Uncategorized

Tips for Choosing a Good Rental Property

By wemabod,

Changing your apartment can be an exciting adventure but it can also strenuous and time-consuming especially when you are not aware of the factors for determining a good rental property. There are a number of factors to be considered when choosing a rental property, below are some tips to help you make the right choice –
Budget – What is your estimated budget for the property, flat, or office space you want to rent, answering this question will give you a clear vision of what to focus your search on. When searching for a space to rent either for residential or commercial purposes, it is important to calculate the added cost of utilities to ensure that the property of your choice suits your budget. Understanding how much rent and added expenses you can afford will help you to stay within your budget and avoid unwarranted scenarios of a payment default.
Location – Location is another crucial factor to be considered when choosing a rental property, because of the potential value of properties is largely affected by location. In Lagos, the Island v Mainland perception automatically affects the price of a property because of where it is located. The location of a property is very crucial in terms of security, nobody is interested in renting a house or office space in an area where they would be facing threats of armed robbers or miscreants.
Structure – There are different types of building structures on display for rent or purchase but knowing the right type of structure you want will help save a lot of stress and money. If you want to rent a bachelor’s pad, then you should focus on buildings that are designed to match what you want. Also, consider other structures in the environment where you want to rent, if there is a church or mosque around, then you have to be prepared for possible noise pollution.
Social Amenities – Social amenities is a key factor to consider when renting a property, aside from the location and structure of the building, you need to find out if there are accessible road networks to where you want to reside. There should be good roads connecting the rental property to other parts of the city. The rule of thumb is to be ‘be patient and thorough’. The safest bet is to contact a real estate agent to facilitate the process for you, Wemabod Limited offers you a wide array of properties for rent and sale that are affordable and environmentally friendly.