Luxury home: Its benefits and where to find it in Lagos

Do you think is the price, location, or even the type of building? Let’s find out what defines a luxury home, how and where to acquire one most especially in Lagos state.

WHAT IS A LUXURY HOME?

While it’s difficult to give an exact definition to a luxury home that encases the air of affluence because what you call a luxury home may actually not be a luxury home in another location or when defines by another person.

From a broad view, a luxury home can be said to be out of the ordinary, it signifies quality, extraordinary, unusual, classic, refinement and provides the best comfort one desires in a home. Just like beauty, luxury is said to be in the eyes of the beholder. In the world of Real Estate, it means the need for greater privacy, comfortability, classy lifestyles, a good economic hub, excellent road network and security.

However, achieving your desired luxury home may involve lots of finance and good knowledge of real estate here in Nigeria.

WHAT FEATURES DEFINE A LUXURY HOME?

Location and Neighbourhood: Location is part of the main features that define Luxury homes. For instance, in Lagos, most of the luxury homes are located in the major cities of the state. Like, Lekki, Ajah, Ikeja, Victoria Island, Magodo, Ikoyi and many others. Meanwhile, the location for Luxury home has to be prime, pricey and aspiration in every area. Thus, in Lagos, the location of an estate or property also brings about differences in the pricing.

With such a luxurious neighborhood, it draws the attention of Elites in the society to have their investment or home in such location. And also invites the attention of the few due to its price range. With this in place, luxury developers always target these prime locations to maintain the brand-value.

High Price Definition: The luxury homes in Lagos are very expensive and most affordable by the high class in the society. For example, a property in Banana Island can be selling for as high as N500 Million and above and not affordable by everyone. In general, the lowest price one can pay for a luxury home begins with N50m and increases from there. Hence, luxury home in Nigeria is for the Haut monde in our society.
Exquisite Amenities lavish: From the interior decorations to the outdoor setting are mostly incorporated with the most exquisite amenities. Luxury homes are designed with the best modern architectures, some lavish amenities like mini theaters, gym, playground for kids, walking tracks and others.
Quality: Luxury home speaks quality, from the high-end ultra-modern kitchens fully inbuilt with double ovens, heating drawers, etc. to the world-class sitting room settings, outdoor settings and many more. There are also smart home features such as a security system, curtains that can operate both on a smart thermostat and sunlight.
Premium Privacy and best Security System: Luxury home comes with high premium privacy and the best security system perfect for the owner’s safety. This is one of the great reasons why many elites in our society invest in a luxury home most especially in Lagos.

BENEFIT OF LUXURY HOME

1. Best Security Network Available: The most important benefit of luxury homes in Lagos is the availability of great security. This is mostly available in the area or estate and even neighborhood where the luxury home is located. This kind of security differs from the normal ones available in other areas. For instance, the kind of security available at Omole Phase 1 is quite different from the one available at Akiode in Ojodu. Even though, they’re in the same local government in Lagos. It’s quite a world-class form of security making the area free from crime such as kidnapping and theft. Most of their buildings include smart locks, CCTV camera and fire alarms to keep the place safe. They’ve also a perimeter fence & gatehouse for security check into the entrance of the luxury home.

2. Accessible Roads: Many of the luxury homes in Lagos have a good road network creating an easy flow of movement. Most of the streets are tarred or interlocked.

3. Good drainage System: This is one of the health benefits of luxury homes. They provide a well-structured drainage system for usage thus, reducing any form of environmental pollution, which helps protects residents from any health hazard and flooding.

4. Availability of both basic and social amenities: Most luxury homes in Lagos have a great availability of both basic and social amenities such as electricity, bore-hole, indoor amenities like swimming pool for relaxation, sports facilities and recreation centers are available too.

5. Proximity for major development: The majority of our Luxury homes are situated in a good location with major developments in Lagos.

Where to find luxury home in Lagos?

HERE’S THE LIST OF MAJOR AREAS IN LAGOS WHERE ONE CAN GET A LUXURY HOME;

Ikoyi: Ikoyi is one of the most affluent and popular areas in Lagos and main base for the rich and extreme upper-class residents in our society. It’s under Eti-osa local government area with most popular Estates like Banana Island, Dolphin Estate, Foreshore Estate, Parkview Estate. Ikoyi is definitely not a place for every Tom and Dick, the area is exclusively for high net-worth individuals or investors.

Banana Island is ranked by Forbes as the most expensive area in the nation Nigeria. This is a main hub for high income earners and land prices range from One million and above per sqm. For renting, that’s N20m for a 4-bedroom apartment yearly. The area is well landscaped providing good paved road, green space and all the major amenities and top recreation centers that comes with a luxury neighbourhood. It has major top occupant like Kola Abiola, Mike Adenuga, Oluremi Obasanjo etc and some major companies like Globacom, Forte Oil, MTN.

Dolphin Estate is another highly respectable area in Ikoyi with an affordable area for low-income earners. The average asking price for properties in Dolphin Estate goes for N90m and the most costly house goes for N100,000,000.

Lekki Axis: This includes places such as Lekki Phase 1, Victoria Island, Victoria garden city,Ajah,Sangotedo and some part of Ibeju lekki. You can acquire your desired luxury home in this neighbourhood like in Mobil Estate, Goshen Beach, Pinncok Beach, Ocean Bay, Mayfair gardens, Foreshore Estate, Friend’s Colony Estate, Lekki garden phase 4, Diamond Estate and many others. In most of these estates, we have like 2-bedroom flat goes for N1m to N4m for rent, 3-bedroom flat – N3m to N5m for rent. 4-bedroom semi-detached selling for N50m to N250m, then landed property for N40,000/sqm to N200,000/sqm.
Ikeja (Mainland): Most luxury homes in mainland are found mainly at Ikeja GRA, Ogudu GRA, Omole Phase 1&2, Okupe Estate, Shonibare Estate, G-CAPPA Estate, Ismail Estate.

Omole Phase 1&2 are located at berger axis in Ojodu. It has mostly our top celebrities, politicians and wealthy Nigerians Living in the area. A 5-bedroom duplex goes between the range of N120m to N300m. A plot of Land sells for N70m to 200m.In Shonibare Estate, a 4-bedroom duplex goes between the range of N200m to N300m. A 5-bedroom apartment house sells between the range of N250M to N300m.

-----

Dennis Isong Helps Individuals Invest Right In Real Estate.For Questions On This Article Or Enquiring About Real Estate Email: Dennis@Landproperty.ng or Whatsapp/Call +234816474104

-----

Pulse Contributors is an initiative to highlight diverse journalistic voices. Pulse Contributors do not represent the company Pulse and contribute on their own behalf.