As the rainy season sets in, renting real estate in Lagos requires a strategic approach to avoid potential pitfalls. The metropolis, known for its bustling urban life and dynamic real estate market, transforms significantly under the deluge of seasonal rains. Prospective renters must be vigilant and informed to make sound decisions. Here are essential tips to guide you through this challenging period:
Inspect During Rainfall
One of the most effective strategies is to schedule property inspections during a rainfall. This timing allows you to observe firsthand how the property handles water. Look for signs of flooding, roof leaks, and drainage issues. It’s a practical test to ensure that your potential home can withstand the Lagos rains without turning into a swimming pool.
Avoid Flood-Prone Areas
Lagos has several areas that are notorious for flooding. It’s crucial to identify properties in higher elevations or those with robust drainage systems. Neighborhoods like Lekki and Victoria Island, despite their allure, are often hit hard by floods. Conversely, areas with better urban planning and infrastructure, such as Ikeja and Yaba, might offer safer alternatives.
Proximity to Landmarks
Accessibility is key, especially during emergencies. Choosing a location close to recognizable landmarks not only helps in easy navigation but also ensures that help can reach you quickly if needed. Proximity to hospitals, fire stations, and main roads can be a significant advantage.
Office Location
Lagos traffic is legendary for its congestion. A property that seems perfect can quickly lose its charm if it means enduring hours of traffic to get to work. Consider the commute distance carefully and factor in traffic patterns during the rainy season, which can exacerbate travel times.
Pre-paid Electricity Meter
Electricity billing in Lagos can be unpredictable. Properties equipped with pre-paid electricity meters offer better control over your expenses and avoid the headache of estimated billing. This feature ensures you only pay for what you use, providing a more transparent and manageable utility cost.
Budget Realistically
Financial planning is critical. Beyond the rent, consider additional costs such as utilities, security deposits, and agency fees. A realistic budget that accounts for all these expenses will help prevent financial strain and ensure that you can comfortably afford your new home.
Read Tenancy Agreements
Before signing on the dotted line, thoroughly understand the terms of your tenancy agreement. Pay close attention to clauses related to quit notice and maintenance responsibilities. Clear comprehension of these terms can prevent future misunderstandings and legal complications.
Risk-Prone Areas in Lagos
Understanding the risks associated with different areas in Lagos is essential. The city’s coastal location, coupled with rapid urbanization, has led to increased vulnerability to flooding and erosion. Here are some reasons why certain areas are more at risk:
- Heavy Storms: Despite a reduction in overall rainfall, Lagos experiences more intense and frequent heavy storms, particularly in June, July, and September. These storms significantly increase flooding risks.
- Coastal Location: Lagos’s proximity to the Atlantic Ocean, lagoons, and creeks makes it prone to coastal flooding and erosion, especially with the projected sea level rise of 12-17 cm by 2050.
- Urbanisation: Rapid urban development has often outpaced infrastructure improvements, leading to inadequate drainage systems and blocked natural waterways, further exacerbating urban flooding.
- Topography: Much of Lagos is flat and only about 0-5 meters above sea level, making it highly susceptible to flooding during heavy rains.
- Climate Change: Future climate change scenarios suggest decreased rainfall but increased temperatures, leading to more extreme weather events and unpredictable flood patterns.
By being aware of these risks and following the aforementioned tips, you can better navigate the rental market in Lagos during the rainy season. Making an informed decision will help ensure that you find a property that meets your needs while safeguarding your investment and well-being.
