CategoriesBusiness Construction Marketing Real Estate Uncategorized

SIXTY AND STEADY – WEMABOD LIMITED CELEBRATES THE 60TH ANNIVERSARY OF ITS ESTABLISHMENT. (Press release)

Wemabod Limited announced its 60th-anniversary celebration as one of Nigeria’s oldest but very solid property development and management companies.

The company which has emerged as one of the longest-standing real estate solution providers over the last sixty years is set to raise a glass on this momentous Diamond Jubilee celebration. Read more “SIXTY AND STEADY – WEMABOD LIMITED CELEBRATES THE 60TH ANNIVERSARY OF ITS ESTABLISHMENT. (Press release)”

CategoriesBusiness Construction Marketing Real Estate

DEVELOPMENT AGREEMENT FOR SUPER PLAZA MALL

On 15th September 2021, Wemabod Limited signed a development agreement with Median Infrastructure development company for the Development of land measuring 4426.45 Square meters, formerly known as Super Cinema and more recently as Super Plaza, along the bustling Akerele Road, Surulere, into the Proposed Super Mall. Read more “DEVELOPMENT AGREEMENT FOR SUPER PLAZA MALL”

CategoriesMarketing Real Estate

Tips for Protecting your Property from Power Surges

Power surge is one of the major factors responsible for property damage in Nigeria today. Properties worth millions of naira are lost yearly to power surges in different parts of the country. Power surges occurs when there is a sudden increase in the amount of power in the electrical system. They are spikes in voltage and vary in duration and magnitude, from hundred to thousand volts.
Many buildings use electrical power which ranges from 220-240 volts, single phase, and alternating current. As a result of the unreliable and erratic supply of power, voltage is not delivered constantly at 220 volts. With alternating current, the voltage fluctuates from 0 to a peak voltage of over 280.
During a power surge, the voltage rises above the peak voltage. A spike in voltage can be damaging to appliances and electrical devices. An increase in voltage above an appliance’s operating voltage can lead to an arc of electrical current in the appliance. The heat produced in the arc affects the electronic circuit boards and other electrical components. Recurrent power surges can shorten the life of appliances and electronics and equally damage them.

  • Unplug Unused Devices

The first step towards preventing power surge is to unplug devices that are not in use. It is advised not to leave household appliances plugged in especially when there is a storm because lighting strike is another major cause of power surges. Unplugging unused devices also helps to conserve energy.

  • Fix Poor Wiring

If the wiring of the building is outdated, it could be a potential cause of power surge. Most electrical systems in houses built round the 80s’ were not designed for large-capacity appliances. Some signs of poor wiring are blown fuses, frequent tripping of circuit breakers, buzzing sound or burning smells from power outlets. These signs indicate that something is wrong, and it could lead to power surge. Damaged or exposed wires offer little resistance and can interrupt the flow of current. This, in turn, increases the likelihood of a surge, especially to the specific outlet they lead to.

  • Repair Overloaded Circuits

If two or more large appliances are drawing power from the same power outlet, it could lead to an overloaded circuit thereby causing a potential power surge.

CategoriesMarketing Real Estate

Renting Furnished Apartments in Nigeria

A furnished apartment is a space that has been fitted with furniture and equipped with certain amenities. The living room should have at least a couch, table and maybe a coffee table or bookshelf while the bedroom should have a bed, nightstand with lamp, and a dresser. Typically, the furnished apartment will cost more compared to residential spaces that are unfurnished. Furnished apartments vary depending on the landlord and whether other amenities such as kitchen appliances and bathroom accessories are also included.
Pros of Renting Furnished Apartments

  • Renting a furnished apartment eliminates the hassles of moving furniture. Also, if you still need to buy additional furniture and accessories, it will be lesser compared to an unfurnished apartment.
  • Renting a furnished apartment offers flexible leasing option, especially if you travel often and just the space for a short period of time.
  • Renting a furnished apartment saves you from spending a major part of your budget on new furniture especially when it is a short lease and you have limited time to stay at the apartment.

Cons of Renting Furnished Apartments

  • There are more unfurnished apartments than furnished spaces which reduces the pool you have to choose from. Maintaining a furnished apartment requires a lot of work by the landlord, so it’s not as common.
  • Most furnished apartments tend to offer only the basics, which include a couch, kitchen table, and a bed. You might still end up bringing your own furniture to fill the gaps in the apartment.
  • Little or no control over the décor of the apartment. If you don’t like the colour of the couch in your furnished apartment, there is little or nothing you can do about. Also, you won’t have complete control over the look of your apartment. The look of the apartment is mostly determined by the landlord, if you care a lot about interior design, this is probably not the right option for you.
  • Furnished apartment is more expensive than unfurnished spaces because you may be required to pay repair and replacement cost which often makes the rent higher. It helps the landlord to cover the cost of replacing or repairing damaged furniture.
CategoriesBusiness Marketing Real Estate

Five Building Collapse Warning Signs

Building collapse has become a common occurrence in different parts of the country leading to loss of lives and properties worth millions. According to a Lagos state inquiry, there were at least 135 cases of collapsed buildings between 2007 and 2013. It has also been observed that most of the buildings that collapse are multi-storey structures. Building don’t just collapse, there are always warning signs; however most property owners and tenants tend to ignore these signs.
Large Cracks on the Wall – Thermal movement is one of the major causes of cracks that are seen on the walls of buildings. If overlooked, it could eventually lead to the collapse of the building. Cracks on the wall of a building is a natural sign that shows the structure cannot sustain the movement or load it is subjected to. When cracks appear in the walls of a building, it is either a structural crack or a non-structural crack.
Creaking Sounds – Creaking sounds occur when the metal parts of the building contracts more than the wooden parts, as a result both parts rubs against each other. Creaking sound is an indicator that parts of the building are failing and when it becomes loud and repetitive, that is a sign to evacuate the building.
Collapsing Ceilings/Mould and Water stains on the Wall – Moulds and water stains are caused by moisture penetration, when water reaches a part of the house that should not be wet. A damp occurs when excess of moisture is trapped within the structure of a house. Moisture has a natural tendency to spread out from wet areas of a house to the dry parts.
Weak Supporting Structures – Weak supporting structures can result from several factors such as substandard building materials, tears and fissures in foundation structures. A building is likely to collapse when a primary structural element fails, leading to the failure of other structural elements, which finally culminates in the collapse of the building. Also deformed siding can lead to building collapse because it is the siding that protects your building from the moisture and other elements.
Moving House – This one of the most hazardous warnings of an impending building collapse. Over a period of time, certain parts of the house start shifting from their original position due to foundation problems. When the foundation of the building shifts, it creates a ripple effects of events throughout the house, which causes the house to move.

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