Estate firm unveils housing acquisition plan
Burdened by issues of affordability in the housing industry, a Lagos-based property development firm, Messrs Real Estate Finance (REFIN) Homes has introduced new housing acquisition plan, which makes it possible for anyone with a regular income to own a home.
Senior officials of the firm explained that through the initiative, it will revolutionalise the housing sector with a target of 250 units of affordable homes yearly for the low and middle income earners without compromising quality as well as standard.
Speaking in Lagos, the Chief Executive Officer, REFIN Homes, Mr. Olatunde Macaulay said that through its platform, a subscriber could make a monthly contribution of N100, 000 for a duration of 36months to own a home based on capacity, specification and guide by the company in desired locations.
According to him, REFIN Homes was established to bridge the housing gap. “Individuals or corporate organizations can leverage on it’s expertise in making real estate investment decisions in building development to suit their needs through individual home ownership options, housing assurance schemes and real estate investment portfolios.”
Macauley said that the reason housing sector has remained stagnant is because operators are not doing things differently. But with a team of well-seasoned professionals and artisans, the firm is set out to provide an all-inclusive alternative housing solutions with structured payment plans tailored to meet the needs of every Nigerian.
Chief Operating Officer, REFIN Homes, Mr. Kazeem Owolabi disclosed that housing is expensive because so many hidden costs are built into the actual cost of construction, which the buyers pay for at the delivery stage.
He said with favourable policies on housing delivery, the cost of building units will reduce and homebuyers will pay less.
According to him, some of the firms’ offerings also include, site and service scheme, title perfection and legal documentation for land and property owners who have legal interests in properties but have not registered it with the appropriate authorities.
“Most people get their homes through incremental building. They acquire land and build at their pace. Buildings like this on the average take time like five to seven years. Prices are based on request and housing specification starts from N9million to N55million”, he said.
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