5 Reasons To Buy Properties During The Rainy Season
THE REAL ESTATE/CONSTRUCTION
ARE DELICATE
These sectors for anyone either as an investor or player are very delicate. There are several factors that define the quality of your property both land and house, especially during the rainy season. A lot of funds have gone down the drain as a result of improper planning. For instance, a few weeks back, it rained a lot in Lagos and a lot of properties got destroyed. A lot of families moved out of their houses and a lot were affected as a result of flooding. This week City People brings to you 5 reasons why you need to buy property during the raining season.
DRAINAGE SYSTEM
Explore the situation of the location before putting your money into a property. Heavy downpour tends to reveal the real condition of the drainage system around the home. Paying close attention to the level of flooding around the house would save you a lot of money and stress of having to search for another property.
- Is there trash in front of the home when it rains or are people filling the drainage systems with trash? These may cause problem of floading around your house when there is a heavy rain.
- By checking the foot of the wall, you can see the watermarks the flood left on the foot of the wall if there are any.
- Avoid buying homes in sloppy areas. In a specific location, there could be different slopes, so the water will surely drain to the lower slope. If the property you want to purchase is located on a lower slope, you should re-consider your decision.
And If you find the home to be drafty for some reason, it might make sense to get all the problems fixed before purchasing the home. Buying a home during the rainy season affords you the opportunity to discover these things which otherwise might not happen in a warm weather season.
QUALITY OF THE HOUSING MATERIAL
Under normal weather conditions, we tend to see new building as very beautiful and nice. Most times under harsh weather, these qualities tend to differ from what they looked like in the dry season. It is advised to have a look at the property you intend to buy after a rainfall to see if it sticks to the quality.
In the next 2 to 6 years, a building can diminish in quality, but this is a very long time if you choose to purchase it immediately, Pay attention to the doors, window paintings an electrical pillars after a downpour before investing in a property so that you do not invest in a wrong location.
QUALITY
OF THE ROOF
By buying a home during a rainy season, you don’t have to be caught unawares when a room in your home begins to leak. Heavy rainfall reveals the flaws of the house like the poor roofing; you can confirm if it leaks or not. You can inspect the ceiling to see wet patches. The roof tiles might be broken, or lose its end; you can only get to see this after a rainfall.
YOU CAN EASILY KNOW IF THE AREA IS FLOODING
Another reason is that, some properties are in a water logged area but you can’t know unless you are familiar with the area. Properties like this can be misleading in a dry season. Property like this always come cheap compared to properties on the high area. A lot of people have died as a result of this.
YOU MAY GET A BETTER DEAL DURING RAINY SEASON
If there are fewer buyers in the market, then you may be able to get a better price on the home you want to buy. The seller will not have as many offers and may be willing to negotiate a better price to make the sale. There is no guarantee that you will find something of a very low price, but the natural law of supply and demand will increase your chances of finding a home for a fair price in the raining season.
Getting a better price for a home is even more likely if the home has been in the market for a while.
