How to Spot a Good Deal when House Hunting
May 16, 2025
How to Spot a Good Deal when House Hunting
There are two rules you should know when house hunting. The first is not very affordable but is a good deal. The second is that not every affordable property is a good deal. The real estate market in Nigeria is highly competitive so it might be a hassle finding a property that ticks all your boxes while fitting your budget. At Pryme Point Real Estate, we believe that informed buyers are empowered buyers. If you’re house hunting, here’s how to recognize a genuinely good deal — and how we help you find one.
- Compare Similar Properties in the Area
You need to understand context in the real estate market. You cannot know whether or not a property is priced fairly until you find out what similar properties in that location are going for. This will require you to perform a comparative market analysis, considering the location, number of bedrooms, bathrooms, and even the square footage of these properties. You can also assess the edge each property has over the other. Are you getting more space or better features for less? At Pryme Point, our agents provide market comparisons to show you exactly how your options stack up.
- Understand the Property’s True Condition
You also need to confirm the true condition of the property. Some properties have very shiny exteriors and could be visually appealing. However, this visual appeal sometimes covers costly underlying problems on that property. A nice home could have major repairs like structural reworks, plumbing, and electrical issues, or even roofing problems. You need to be sure of what exactly you are buying as this will affect the cost of the property aside from the upfront purchase price. Pryme Point Real Estate connects buyers with trusted inspectors who give honest, detailed assessments before you commit.
- Look Beyond Price to Value
A good deal isn’t just about a low price — it’s about what you’re getting for that price. Is the home in a location with high rental demand? Are there good schools, healthcare, and transport links nearby? Will the property increase in value over time? Pryme Point specializes in emerging neighborhoods with strong potential for appreciation, helping you buy smarter and build long-term wealth.
House hunting isn’t just about finding what’s available — it’s about recognizing what’s valuable. A good deal goes beyond a good price; it combines location, condition, legal clarity, and future potential. At Pryme Point Real Estate, we guide you through the process with honesty and expertise, helping you avoid pitfalls and make decisions that secure your future. Ready to find a house that truly feels like home — and a smart investment? Let Pryme Point walk the journey with you.
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