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What You Need to Know About Home Inspection

One of the worst nightmares in Real Estate is to pay so much for a property and then discover a million and one things are wrong with the purchase. Sometimes, when a property is for sale, its being “dressed up” to accentuate its best features and minimize its potential flaws.

This is why inspections are recommended before you pay for that property. Here are a few things you should know about home inspections.

Buyers Are Responsible for Inspections

Home inspection will be to your advantage and not the seller at the end of the day. It is the buyer’s responsibility. This means that you will hire the home inspector, have the inspections completed within a reasonable amount of time, and shoulder the cost.

Get a Certified Inspector

A contractor is different from a home Inspector. They are trained to identify specific problems contractors may not be able to, so there is a need to get a qualified home Inspector in order to get the job done.

Your realtor may assist in searching for one.

What Home Inspections Cover?

Basically, home inspection covers the following:

  • Foundation and basement
  • Any additional structural components
  • Interior plumbing systems
  • Interior electrical systems
  • Heating and cooling systems
  • Condition of windows
  • Condition of doors and door frames
  • Condition of floors, walls, and ceilings
  • The attic and any visible insulation

What Home Inspections Don’t Cover?

There is a limit to what a home Inspector can check. Some are listed below:

  • Inside the walls
  • Roof or chimney repairs
  • Septic tanks
  • Wells, sheds, or additional structures separate from the main house

You Should Attend Inspections if You Can

Your presence will reduce the back and forth in reaching a conclusion. Most home inspectors even recommend that buyers attend their property inspection. If you are present, you can also ask questions in real time.

Request a Report

All the findings must be documented  and handed over to you for proper record keeping.

Repairs After Inspections are Negotiable

Unlike paying for the inspection, who pays for the necessary repairs is up for discussion. Luckily, buyers have the upper hand in this scenario, especially if the repairs are extensive.

You Can Walk Away

If the report features something truly catastrophic like toxic mold or severe structural damage which you are not willing to deal with or even negotiate, you can walk away.

Entrepreneurship and the ‘African Dream’

We are all likely to have an idea of what the national ethos of United States (The American Dream) is; the ideal by which freedom includes the opportunity for prosperity and success, allowing the highest aspirations and goals to be achieved through hard work in a society with few barriers”.

But then, what is the African Dream? A dream influences decisions, actions and their consequences. In the case of a Nation; policies, partnerships and associations are inclusive.

Despite Africa’s possession of large quantity of natural resources, including diamonds, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum, cocoa beans, tropical fruits and even the undiscovered ones, the continent still accounts for very little of the World’s GDP.

What then is the solution? Entrepreneurship, yes, Entrepreneurship!!!

Entrepreneurship is traditionally defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire.  It is the “…capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit.

Africa’s development depends on sustainable investments in innovative startups and Africa definitely needs more conscious African entrepreneurs. This will not only reduce unemployment rate but also contribute to economic dynamism by stimulating innovation and encouraging competition. It’s all about Africa.

High rate of unemployment is one of the basic indicators of a bad economy. If Africa must eradicate poverty, then we need to create more jobs. To create more jobs, more Entrepreneurs need to start small and medium-sized enterprises (SMEs).

Also, the impact of innovation on economies can’t be overemphasized. A good example is Alibaba, single-handedly transforming the trade scene for SMEs in China, a country that was at that time infamous for its numerous trade entry barriers.

Very recently, the World Bank Group ranked economies from 1-190 on their ease of starting or sustaining business and most African countries held the lowest positions. Are you surprised? That definitely is a topic for another day!

New Year Message from Chairperson, Afriland Properties Plc.

Dear Friends,

2016 has been quite an eventful year for all of us at Afriland Properties Plc. From the commencement of some of our construction projects that have been in the pipeline to the renovation of a few of our properties, we surely made a lot of progress even amidst the recession and many unfavorable economic conditions. In the face of significant economic challenges, we made significant headway.

Once again it’s a season to share, light the trees, decorate the ornaments, reflect on 2016 and ponder what 2017 will bring.  Even when the financial markets and economic climate remain uncertain, we are positive and very optimistic that ahead of us lies a great future.

I also hope that the holidays will bring us all a sense of peace within as well as a feeling of goodwill and love towards all.

On behalf of the Board of Directors, the entire management and staff of Afriland Properties Plc, I would like to take this opportunity to thank all our valued clients, partners, friends and families for their unwavering support and we wish everyone a very Merry Christmas and a Safe, Healthy and Prosperous New Year.

Yours Sincerely,

Erelu Angela Adebayo

Chairperson, Afriland Properties Plc.


7 Fashion Tips Every Woman Should Know

Being fashionable can be a struggle at times. What to wear? What accessories go with which style of clothing? The questions go on and on. For women looking for fashion tips, the following 10 fashion tips every woman should know offer insights into fashion-forward thinking.

When searching for fashionable wardrobe items, research available clothing options before making a purchase. Also, find out which fashion styles work best with each particular body type, how much is too much to spend on an outfit, and places to find and buy fashionable wardrobe items, such as at local clothing stores or online marketplaces like eBay.

7 Fashion Tips

Every shopper would like to know how to make the best decisions when it comes to fashion. The following section contains 10 tips every woman should know before buying new wardrobe items.

The following detailed 10 fashion tips offer women some guidance on fashion-forward thinking.

Focus on Strengths

Shoppers need to know the ABCs of fashion: Accentuate, Balance, and Camouflage. Shoppers should also look for styles that accentuate their body’s strengths and downplay their weaknesses. For example, shoppers who have an hourglass figure should wear clothing that accentuates those attributes, including scooped or V neck outfits, vertical striped outfits, or dresses and one-piece outfits that cinch at the waist.

Quality Versus Quantity

Always buy fashion pieces with quality in mind. A few really good pieces will do a shopper better than numerous items that might not have as much of an impact. Another strategy: Buy a few pieces that shoppers look fabulous in and then augment those classics with more trendy items over time.

Quality does not always mean high cost. Buying well-made brands that fit into the shopper’s look and plays to their strengths can ensure each purchase is justified.

Create a “Personal” Look

Look for clothing designs, certain cuts, and styles that look the best and offer superior comfort. Buy more than one if something is found that works. For example, if a shopper finds a pair of jeans that accentuate her glamorous attributes, she should consider buying multiple pairs in more than one color.

The best way to make a powerful and lasting impression through fashion includes developing a fashion style that others won’t forget.

Try New Things

While sticking to what works best, shoppers should also try new fashions out. This doesn’t mean abandoning what has worked for shoppers. One way to experiment with new fashions and still save money is to buy pre-worn clothing that remains in great condition.

Simplicity is Best

Staying simple is usually the best way to go. This goes for both makeup and wardrobe items. When in doubt, keep the accessories to a minimum and use timeless, classic fashion styles, such as a black dress with red pumps. When wearing makeup, shoppers should use only enough to highlight the best features of their face: cheekbones, lips, or eyes, for example.

Take Note of Fashion Trends

Shoppers should keep their eyes on the latest fashion trends. That said, shoppers should only adopt those styles that match their body type and personality. If the latest fashions do not look good on a shopper and accentuate their strong points, it doesn’t matter if those fashions are in style or not.

Read magazines such as Complete Fashion and Thisday Style  to keep up on the latest styles. This allows shoppers to keep up with the latest fashion news and trends, especially in regard to upcoming seasonal options.

Accessories Make the Outfit

Shoes and other accessories can make or break an outfit. A perfect belt or piece of jewelry can really tie an outfit together and make a statement. Another important tip: Do not overdo the accessories. As stated above, shoppers should keep their outfits simple. This goes double for makeup, as too much looks gaudy and draws too much attention away from the entire ensemble.

Mix and match accessories between outfits. Also, neutral colors and blacks and browns are best to extend the use of accessories between outfits.

Ref: eBay

7 Ways to Earn the World Currency; Trust

Have you ever trusted someone so much that you are almost certain what they will do, say, where they will go and not go or how they will deliver on a particular task?

If trust truly and really means the reliance of one on another’s integrity, strength and ability, then it is an intangible element that may come with tangible benefits. This is because anyone who trusts, will eventually entrust.

Trust is the foundational principle that holds all relationships, a major determinant factor if it will be a good or bad one.

Whether in personal activities, business or family relationships, trust has become a pivot on which excellence thrives.

Here are a few tips on how to build trust:

Be reliable

Don’t say something and the next minute say another. Be consistent and dependable. This way, people will always take your word for it without having to authenticate.

For instance, if you schedule an appointment, make sure you arrive on time and also communicate early enough if running late.

Listen more

Don’t just listen to what’s being said, listen to what’s not being said. Pay attention to people’s pains, concerns and worries. This has a way of assuring the other party that you care.

Someone once said ‘most people do not listen with the intent to understand but to respond.

Let your “No” be “No” and “Yes” be “Yes”

 Be firm. Don’t follow the crowd against your beliefs and principles.

Go the extra mile

Always improve on the last assistance you offered someone. Work on people’s briefs like it’s yours and deliver even beyond your promises.

Tell the truth always

If Bo Bennett’s quote expressed thus; “for every good reason there is to lie, there is a better reason to tell the truth” is anything to go by, then there’s no such thing ‘as a good lie’.  Always tell the truth even if it will hurt.

Be competent

Study to show yourself approved. Leave no table unturned. Deliver on the tasks assigned, don’t just deliver, do it excellently. If you have challenges and won’t meet timelines, make it known on time and find ways around it.

Never leave tasks half way done. People will always come to you if they need things to be done.

Once you earn it, don’t lose it

Building trust is a continuous process and that’s why when you lose it, you will have to start all over again. So why lose it?

Don’t throw it to the wind. Rebuilding that trust may be a ‘Mission Impossible’.

Leading Change

What is Change?

Change is simply ‘a new direction’. When  something differs from the past or the norm.  A change could be developmental, transitional or transformational.  The common factor at the end of the day is an alteration.

Why do people or even Organizations tend to resist change?

Change may be resisted for several reasons. One of which is the desire to preserve the old ways of doing things and old institutions.  Other reasons are; fear of the unknown, loss of control, inadequate communication/information, more responsibilities, fear of incompetence and so much more.

Could the realization of an Organization’s potentials depend on change?

The realization of an Organization’s vision is dependent on change.  The environment won’t stay the same, so organizations must embrace change.  As the world evolves, customers’ needs also change.

Where there is resistance to change, there is resistance to ideas. Businesses must be willing to change in order to remain productive and stay relevant. Challenging the status quo could give birth to new ideas and innovations that will further launch the organization’s potentials.

In order to identify opportunities in the market place and equally increase competitiveness, change should be seen as a catalyst and not a hindrance.  Companies that don’t innovate die.

How can we lead change?

Change is inevitable so it is a collective effort. In an organization, everyone can be a change agent but it is the responsibility of the management to develop a change management plan in order to involve all stakeholders in the process.

Below are a few steps that should be considered:

Know the goal

What is the objective of this change? This should be understood from the beginning.

A change leader must have the confidence and ability to change tactic, if another path looks clearer.


To successfully implement change, a plan must be in place. Before embarking on a journey of transformation, ensure there is a solid business plan.


The level of communication determines the amount of information available to stakeholders for corporate change.  Communication should be consistent, frequent, and through multiple channels.

Identify key players.

In the process of change, change advocates should be identified. This actually makes the process easier. They are likely to be instrumental when new processes are put into practice.


Change can’t be implemented in isolation. Tasks should be delegated to individuals across the teams with deadlines for completion.


Zero Talent Series: Passion

Many of us will readily synonymize Abraham Lincoln with heroism and great leadership but the story was not always like that.

‘As a young man, Abraham Lincoln went to war a captain and returned a private. Afterwards, he was a failure as a businessman. As a lawyer in Springfield, he was too impractical and temperamental to be a success. He turned to politics and was defeated in his first try for the legislature, again defeated in his first attempt to be nominated for congress, defeated in his application to be commissioner of the General Land Office, defeated in the senatorial election of 1854, defeated in his efforts for the vice-presidency in 1856, and defeated in the senatorial election of 1858.

In 1860, he became the 16th President of the United States.

Sometimes you will hit a brick wall, run at a loss, lose that contract, fail, but even when you want to give up, passion gives you the strength to rethink, strategize and fight back. You simply shake off the setback and move forward.

Holding the 4th spot on our zero talent leadership characteristics is Passion.


Passion is an intense emotion, a compelling enthusiasm or desire for something – Wikipedia.  You can’t achieve much success without passion for what you do and this is because that’s what keeps you going.

Passion is key to success.

What passionate people do?

A deep sense of purpose

Their clear sense of purpose informs their attitude, decisions and determination to be selfless.  Purpose gives passionate people direction.

They Serve

Passionate people serve others and they do it excellently (service excellence). They focus on giving than receiving, solving problems than creating one.

Even service to others brings transformation.

They are excited

Passion breeds energy, energy brings excitement. Although, excitement is an emotion, it has strong physiological responses that uplift us and makes us active, thereby positively affecting output.

Passionate people live every day with the anticipation of great things.

They are Doers

It is not enough to be excited and enthusiastic about what you do, passionate people back their excitement with action. They don’t procrastinate, they accelerate.

“What one does is what counts. Not what one had the intention of doing” – Pablo Picasso

Hungry for Knowledge

Knowledge they say is power. Passionate people realize that no one knows it all so they continually seek to improve. They study, research, ask questions and welcome constructive criticisms.

They Never Quit

Passionate people never quit on any task, they follow it through until they get results. Even if they fail, they restrategize and try again.

They are courageous.

They are not restricted by fear. They do what they have to.

They are accountable.

Passionate people learn to have others hold them accountable to channel their energy in the best possible way. This is very important.

Other Characteristics

  • Focus
  • Positivity
  • Bravery
  • Self-Motivation
  • Curiosity


What Do You Know About Africa’s Largest City: Lagos?

Africa’s urban population has rapidly increased in recent years. As much as the rise in population comes with its disadvantages, the opportunities created on fiscal, technological, and social fronts can’t be overruled.

Not only is Lagos City the largest in Nigeria and its economic capital, it is also the largest in Africa. Located along the Atlantic Ocean, with a population of 21 million, according to a 2014 report by the National Population Commission of Nigeria.

Bounded on the west by the Republic of Benin, to the north and east by Ogun State with the Atlantic Ocean providing a coastline on the south, Lagos has a total of 3,577 square kilometers; 787 square kilometers is made up of lagoons and creeks including: Lagos Lagoon, Lagos Harbour, Five Cowrie Creek, Ebute-Metta Creek, Porto-Novo Creek, New Canal, Badagry Creek, Kuramo Waters and Lighthouse Creek.

After the amalgamation in 1914, Lagos became the capital of Nigeria until 1991 when it was moved to Abuja. Even though Lagos is still widely referred to as a city, the present day Lagos, also known as “Metropolitan Lagos”, and officially as “Lagos Metropolitan Area” is an urban agglomeration or conurbation, consisting of 16 LGAs.  This conurbation makes up 37% of Lagos State’s total land area, but houses about 85% of the state’s total population.

The city now generates 25% of Nigeria’s total gross domestic product and is also the 8th fastest growing city in Africa.

Lagos was originally inhabited by the Awori group of the Yoruba people. It initially emerged as a port city which originated on a collection of islands, which are contained in the present day Local Government Areas (LGAs) of Lagos Island, Etis-Osa, Amuwo-Odofin and Apapa; the islands are separated by creeks, fringing the southwest mouth of Lagos Lagoon, while protected from the Atlantic Ocean by barrier islands  and long sand spits such as Bar Beach, which stretch up to 100 km (60 mi) east and west of the mouth.

Lagos is famous throughout Africa for its music scene. Lagos has a vibrant nightlife and has given birth to a variety of styles such as Nigerian Hip hop, highlife, juju, fuji, and Afrobeat.

Lagos is the centre of the Nigerian movie industry, often referred to as ‘Nollywood’. Idumota market on Lagos Island is the primary distribution centre. Many films are shot in the Festac area of Lagos.

Paul McCartney recorded his fifth post-Beatles album, Band on the Run , in an EMI studio in Lagos in August and September 1973.


World Population review




Getting a Mortgage? 5 Basic Rules to Follow

Owning a home in the present economic crisis is even now more challenging than ever. With interest rate in Nigeria as high as 21%, understanding how mortgage works is very crucial to avoiding difficulties due to reduced income or increased rates amongst other challenges.

Though there’s a lot to consider when contemplating purchasing a home with cash or obtaining financing via a mortgage, most people will prefer the former in order to eliminate debt and interest. However, in the absence of cash, what are the factors you must consider when going for a mortgage? But first let’s define what mortgage is:

In the most basic sense a mortgage is a loan to buy a property.  A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise funds to buy real estate; by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property – Wikipedia

Understand Your Fixed Costs

Before you decide what and how to spend on a mortgage, it’s important to take stock of your habits and your true fixed costs. Having an idea of your fixed expenses will give an insight into what you need weekly, monthly or yearly. You should be honest with yourself when putting together your household budget. With this in place, you will also know what you can part with for your mortgage payments without cutting your neck.

Be PITH Safe

According to the Canadian Housing & Mortgage Corporation, your monthly housing costs should be less than 32% of your gross monthly income. These are considered your PITH or Principle and Interest (of your mortgage payments), Property Tax, and Heating bills.

Get a Mortgage You Can Afford

If you pass the PITH test, the second test of what you can afford mortgage. Your entire monthly debt load should be less than 40% of your gross monthly income.

Choose your amortization period Wisely

The longer your amortization period, the lower the mortgage payments.  However, the longer it takes you to pay back the mortgage principal to the lender, the more interest you will pay—which can affect your ability to save for other important things, such as retirement. So you will have to weigh your options and chose what’s best for you.

Picking the Right Interest Rate  

The interest rate at which you select to pay off your mortgage varies from “fixed”—whereby the rate will NOT change for the term of the mortgage, and is generally a bit higher but considered more stable, or “variable” whereby the interest rate can fluctuate with the current state of the market. Pick and negotiate wisely before you start. This is very important.

Finally, make sure you seek as much professional advice as you need before talking up mortgage.


Starting Small? Read this

Though big things they say start small and today’s inventions were yesterday’s ideas, research has shown that 90% percent of small scale businesses in Nigeria fail in the first year. If this is the case, how do we to raise the next generation of businesss tycoons? This is a question in the minds of young entrepreneurs.

The private sector’s commitment to Africa’s development through long-term investment in strategic sectors of the economy that create economic prosperity and social wealth will move Africa forward. The role of startups and entrepreneurship in achieving this can’t be overemphasized.

Wikipedia defines business failure as a company ceasing operations following its inability to make a profit or to bring in enough revenue to cover its expenses. A profitable business can fail if it does not generate adequate cash flow to meet expenses.

More attention should be paid to small and medium scale enterprises in Nigeria for the role they play in the realization of the objectives of development. Presently, running and maintaining a small scale business is even more challenging than starting the business thereby drastically reducing the rate of survival. From power to recurrent expenses, high interest rates, marketing and much more, the bills just keep coming.

Even though it’s tough and very challenging, the steps highlighted below can increase profitability and survival rate.

Embrace the small startup

There is absolutely nothing wrong with starting small. Embrace and enjoy every moment because if things are done the right way, your business will not only survive but will be big one day.

Set Yearly Budget

Budgets usually represent a detailed analysis of how a company intends to spend money in future time periods. Both small scale and big businesses need this. With a well-planned budget you can limit expenditures, plan for future growth and create financial roadmap, thereby increasing your chance of survival.

Report the Variance

It is not enough to set a budget. Reporting the variance is complementary to the budget system. It should be automated to produce a comparison of actual results against budget and should report monthly and year-to-date totals by line item. The report should indicate trouble areas to take action upon.

Adjust to Harsh Government Fiscal, Economic and Monetary Policy

As an entrepreneur, whether for small, medium or large businesses, you must be on guard to shield your business from the ever changing government economic and monetary policies. Since you cannot influence or alter government’s decisions, you must be ever prepared to swiftly adjust your business to prevent it from being hit by the adverse effect of unfavorable government policies. Instances of such government policies you must be on guard against are business taxes, duties and levies, inflation, exchange rates and so on.

Avoid conventional methods

There is nothing wrong with following the advice of many experts and starting your business the conventional way. But many people with a will to own a successful business just don’t have the resources to be conventional.

Ask for advance payments

You need cash and you don’t have the luxury of 60 or 90 days before you can get paid for services that have already been rendered or products already provided. So get your advance, deliver excellently on time and get your balance payment.

Avoid Bad Debt

A business that is owed so much as a result of free credit line to customers is bound to fail. One key role of an entrepreneur is to keep an eagle eye on the cash flow.

Be Innovative

Finally, you will have competitors in your industry or line of business, so you would have to be innovative. Those who render the same services or sell the same products. They might even have more experience and capital, so you have to be very smart. Research and analyze, stay informed on new trends. A simple price slash by a bigger competitor can kill your business.

Other basic building blocks of for a business include:

  • An Organizational Chart
  • Job Descriptions
  • Task and Duty Lists
  • An objective Job Performance Evaluation System
  • Information Guidelines
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