3 REASONS WHY YOU SHOULD BUY A HOME

3 REASONS WHY YOU SHOULD BUY A HOME INSTEAD OF BUILDING

By Wisdom Odofin

 buy a home

It is always a good feeling to own a house or home, but there are many things involved or to be considered in owning a house or home be it building one or buying it; this has to do with planning, cost, location, size, purpose, time and family etc. While some people prefer to buy a house, some prefer to build it.

At one point in time we must have dreamt of building our desired home. It is very important to note that a home is personal to everyone. A home is our place of rest and shelter; it is the place where most of our time is spent. This is where we usually raise a family. It is a place of relaxation and comfortability. It is a popular saying that “there is no place like home”.

When you decide to own a house, what is your priority? Is it focused on convenience or bringing it to reality as it is in your head. It is nice to build a home as many people think that it gives you control on all aspects of your home. It is also expected to make you worry less; after all it is new and free from any sort of maintenance for some years to come.

As much as the process of home-buying involves some form of germane decisions to make, it is important to know that buyers need to decide whether to go for an existing home or build a new one. It is nice to build your own house, in fact there are numerous benefits attached to building your own house, but the disadvantages are more than buying.

This post highlights 3 reasons why you should buy a house instead of building a new one.

  • Convenience

I like this point so much that it has to come first. Everyone loves convenience and that is why even science and technology keeps improving just to make life easier. All you need is to have the cash ready; at once you browse through, select a house and table your offer. Getting a good realtor will help you tailor the process by searching the right fit property, guide you in making negotiations and help also with the documentation. You can broker a deal once your offer is satisfactory, and you are moving in no time.

  • Cost

Most times it is cheaper to buy an existing home than building a new one according to data compiled by the National Association of Home Builders. Although considering numerous factors such as; aesthetic choice, location, comfort etc. Based on your catchment area, prices for houses might somehow be favorable due to state of economy recession or financial setback and in flux of houses which has drastically reduce the price of real estate in the country.

  • Essence of quality

In recent times the use of standard or material has dwindle. Gone are the days when it takes times to complete a building which is to ensure quality and longevity, but these days the speed at which houses are completed is questionable just because you want to move in timely. From a quality of material standpoint, newer homes of similar cost tend to have much lower quality materials than older homes (Miller, 2018).

 

There could be more reasons why buying a house instead of building one is better, but I leave you with this three.

Wisdom.odofin@coinboxlimited.com.ng

Wisdom Odofin is an Executive Trainee with Coinbox Limited.

You can contact us at Coinbox Limited to buy a new home at affordable prices. For more information you can reach us at info@coinboxlimited.com.ng or call 09093929847 and 08097087799.

Coinbox Limited offers home ownership solutions like mortgage, rent-to-own, construction, facility management, sales, purchase, development, and general consultancy.

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financial hub

The World’s Leading Financial Cities

A financial center, or a financial hub, refers to a city with a strategic location, leading financial institutions, reputed stock exchanges, dense concentration of public and private banks and trading and insurance companies. In addition, these hubs are equipped with first-class infrastructure, communications and commercial systems, and there is a transparent and sound legal and regulatory regime backed by a stable political system. Such cities are favorable destinations for professionals because of the high living standards they offer along with immense growth opportunities.

Here is a look at the top financial hubs across the globe (in no particular order):

London

Since the middle ages, London has been one of the most prominent trade and business centers. The city is one of the most visited places on earth and is among the most preferred places to do business. London is a well-known center for foreign exchange and bond trading in addition to banking activities and insurance services. The city is a trading hub for bonds, futures, foreign exchange and insurance. The United Kingdom’s central bank, the Bank of England, is the second oldest central bank in the world and is located in London. The bank controls the monetary system and regulates the issue of currency notes in the United Kingdom. London is also the seat of the London Stock Exchange, which is the largest stock exchange in Europe. Another financial paragon is The London bullion market, managed by London Bullion Market Association (LBMA), which is the world’s largest location for gold and silver wholesale trading.

Singapore

From a business perspective, Singapore’s attractiveness lies in its transparent and sound legal framework complementing its economic and political stability. The small island located in the Southeast Asia region has emerged as one of the Four Asian Tigers and established itself as a major financial center. Singapore has transformed its economy despite the disadvantages of limited land and resources. Singapore is both diversified and specialized across industries such as chemicals, biomedical sciences, petroleum refining, mechanical engineering and electronics. Singapore has deep capital markets and is a leading insurance and wealth management marketplace. It has a disciplined and efficient workforce with half of the population made up of people of Chinese, British, Indian and Malay origin.

Zurich

Zurich, the largest city in Switzerland, is recognized as a financial center globally. The city has a disproportionately large presence of financial institutions and banks and has developed into a hub for insurance and asset management companies. The low tax regime makes Zurich a good investment destination, and the city attracts a large number of international companies. Switzerland’s primary stock exchange, the SIX Swiss Exchange, is in Zurich and is the 10th largest in the world (market capitalization of $1.6 trillion as of March 2018). The city has a robust business environment and offers many finance sector jobs. Zurich is one of the cleanest, most beautiful and crime free places to live and work.

New York

New York, commonly regarded as the finance capital of the world, has been ranked first in the World’s Financial Centers by the Global Financial Centers Index (GFCI). New York is famous for Wall Street, the most happening stock market and the New York Stock Exchange (NYSE), the largest stock exchange by market capitalization. The city is a mix of various cultures from across the globe providing a diverse population and workforce. It plays host to some of the largest and finest companies (Fortune 500 and Fortune 1000), biggest banks (Goldman Sachs, Morgan Stanley and Merrill Lynch, JP Morgan) and industries. It is difficult to find a big name in the world of business without a presence in the city.

Hong Kong

Hong Kong is a key financial hub with the highest concentration of banking institutions in the world. The island also has most beneficial legal regulations for both residents and companies and is the home of many fund management companies. Hong Kong has benefited from its strategic geographical location; for more than a century, it has been the access route to mainland China. Hence, it is also the largest trading partner of mainland China. Its proximity to other countries in the region has also worked in its favor. Hong Kong has an efficient and transparent judicial and legal system with excellent infrastructure and telecommunication services. It has a favorable tax system in place with very few and low tax rates, which adds to its attractiveness. The Hong Kong Stock Exchangeis the sixth largest in the world, according to WorldAtlas.

Chicago

Chicago owes its fame to the derivative market, which started at the Chicago Board of Trade (CBOT) back in 1848 with commodity futures trading. The Chicago Mercantile Exchange is the oldest futures exchange in the world and accounts for more global derivatives trading than all exchanges in Europe and even New York. The Chicago-based Options Clearing Corporation (OCC) clears all U.S. option contracts. Chicago is the headquarters of over 400 major corporations, and the state of Illinois has more than 36 Fortune 500 companies, most of which are located in Chicago. These companies include ConAgra, Boeing, Kraft Heinz and Archer Daniels Midland. Chicago also one of the most diverse economies excelling from innovation in risk management to information technology to manufacturing to health. Another financial notable is the Federal Reserve Bank of Chicago.

Tokyo

Tokyo is the capital of the third-largest economy in the world and a major financial center. The city is the headquarters of many of the world’s largest investment banks and insurance companies. It is also the hub for the country’s telecommunications, electronic, broadcasting and publishing industries. Tokyo has time and again been rated among the most expensive cities in the world. The Japan Exchange Group (JPX) was established on January 1, 2013 by combining the Tokyo Stock Exchange (TSE) Group and the Osaka Securities Exchange. In terms of market capitalization, it is the third largest city in the world with a market capitalization of $6.18 trillion as of March 2018. The Tokyo Stock Exchange (TSE), which is the largest in Japan, has more has 3,500 listed companiesNikkei 225 and the TOPIX are the main indices tracking the buzz at the TSE.

Frankfurt

Frankfurt is home to the European Central Bank (ECB) and the Deutsche Bundesbank, the central bank of Germany. It has one of the busiest airports in the world and is the address of many top companies, national and international banks. In 2014, Frankfurt became Europe’s first renminbi payment hub. Frankfurter Wertpapierbörse, the Frankfurt Stock Exchange, is among the world’s largest stock exchanges. The exchange’s total turnover is 5.2 trillion euros per year, making it the world’s third largest market and sixth largest in terms of market capitalization. Deutsche Börse AG operates the Frankfurt Stock Exchange.

Shanghai

Shanghai is China’s largest city and the world’s largest city by population. The Chinese government in early 2009 announced its ambition of turning Shanghai into an international financial center by 2020. The Shanghai Stock Exchange (SSE) is mainland China’s most preeminent market for stocks in terms of turnover, tradable market value, total market value and has close to 1,500 listed companies. The SSE is ranked fourth with a market capitalization of $4.39 trillion. The China Securities Regulatory Commission (CSRC) directly governs the SSE. The exchange is considered restrictive in terms of trading and listing criteria. (Further Reading; Who Owns The Stock Exchanges)

Bottom Line

Some financial hubs that have been uncontested leaders in the past are now facing stiff competition from existing players and emerging and vibrant entrants. The list above is indicative of where the major financial centers are located and there are many other names including Toronto, Seoul, Boston, Geneva, San Francisco, Sydney, Luxembourg and Dubai also among the top financial hubs.

SOURCE: INVESTOPEDIA

9 ways to fake a textured surface with wall paper

Are you tired of that look on your wall and not really interested in painting or just looking for something new and exciting.

here are 9 ways to fake a textured look with wall papers.

[houzz=https://www.houzz.co.uk/ideabooks/111622084/list/9-ways-to-fake-a-fab-surface-with-wallpaper w=620]

 

How to bring texture into your bathroom

Is your bathroom looking boring and stark, or you are just tired of what you have been seeing?

here are some suggestions on what you can do.

[houzz=https://www.houzz.co.uk/ideabooks/110703761/list/how-can-i-bring-texture-into-my-bathroom w=620]

 

Very affordable 2 bedroom flats for sale in Yaba, Lagos.

YABA RESIDENTIAL DEVELOPMENT

Prindex Properties is excited to develop a residential apartment block of single, double and triple bedroom apartments on a parcel of land measuring approximately 1100Sqm off Barikisu Iyede Street , Yaba, Lagos

The project, being a contemporary residential scheme of high quality build will make a remarkable impression in its area of location around the Customs Area office in Yaba.

Site Location & Market Overview

This location presents an opportunity for optimal returns on Real Estate Investments as recent research from Lamudi Barometer shows that the Lagos Mainland LGA has the highest market pressure for housing in Lagos with demand exceeding supply by 18 times.

The Yaba rental market has the highest demand pressure on both houses (15x) and apartments (30x). This is due to the proximity of the location to the central business node of the state being Ikoyi, Lagos Island & Victoria Island. Also the yaba area is an important transportation and educational hub in Lagos.It also has growing pressure from tech startups.All of these are primary drivers for rental housing in the area

Development Description & Concept Design

We propose to develop a U-shaped block of ground and two to three suspended floors.

Each level will accommodate units of 2 bedroom apartments totaling 18 units. There may be variations that will give single bedroom apartments and three bedroom apartments within the proposed structure.

 

  • Building Typology:    2 Bedroom Apartments
  • Number of units:    18
  • Number of bedrooms en-suite:    2
  • Living area:    1
  • Visitor’s Convenience:    1
  • Dedicated Car Parking:    18 Cars
  • General Car Parking:    2 Cars

Other facilities will include external hard & soft landscaped compound area, a security post, Borehole & Water Treatment Systems.

Property is at 80% completion and each unit is going for 25 million Naira each. Price will not remain same at completion.

Location comes fully serviced with 24/7 power supply.

TOTAL NUMBER OF UNITS IS 18.  Quantity left for sale is 8 units. Mortgage available!

FOR FURTHER DETAILS YOU CAN CONTACT COINBOX LIMITED ON 09093929847

http://www.prindexproperties.com/content/yaba-residential-development

 

houzz.com

As the population is increasing, so is space getting smaller and smaller. A lot of us would always wish we had more space for

more things in our homes.

One of such major item is a bed. We might be in a small mini-flat of 2 bedroom apartment and need to fit in a small room, guest room or just an additional bed for so many reasons but all to sleep on.

find below so many ingenious ways to achieve this and still have everywhere looking so lovely and un-cramped.

[houzz=https://www.houzz.co.uk/ideabooks/110474702/list/ingenious-ways-to-fit-a-bed-into-a-small-space w=620]

Source:houzz.com

Coinbox Limited assists with home improvements. If you need any soon, just contact us and we would always work within your budget.

info@coinboxlimited.com.ng, coinboxlimited@gmail.com

 

New 4 bedroom duplex for sale in Ogudu GRA, Lagos

Newly built 4 bedroom duplex

An off plan sale of 3 units of fully detached duplexes of 4 bedroom each with 1 room maids quarters for sale at eighty five million (NGN85,000,000) Naira per unit. Completed units will be going for NGN120m. presently, property is now at 80% completion.

Work is already ongoing on site.

Ogudu is a secure, quiet and serene location centrally sited in Lagos state. It is just 3 minutes to the 3rd mainland bridge and 20 minutes to the Island. It is 15 minutes to the Airport and surrounded by scenic sites. It is an upper scale community with High net worth individuals residing in the estate. The estate is fully built up with beautiful landscapes and well laid roads.

Power is constant in the location while water is also provided by Government connections and a borehole.

The estate is 5 minutes drive from Shoprite and 1 minute away from Dominos with eye popping varieties of affordable supermarkets, eateries and hangouts spread across.

Title is Lagos State Certificate of Occupancy

Mortgage available.

picture represents how completed unit will look on completion. more below.

RELATED: https://www.coinboxlimited.com.ng/2017/11/05/duplex-for-sale-in-ogudu-gra-for-80m/

for details contact Coinbox Limited via email – coinboxlimited@gmail.com or call Ayo on 09093929847

Thank you.

 

 

Creative ways to store your herbs and spices

Whether you are a great cook or just do it once in a while, chances are that you have those spice bottles all around and you periodically wonder how well you can organise them. Now here are some suggestions on how best to achieve this.

[houzz=https://www.houzz.co.uk/ideabooks/111399578/list/creative-ways-to-organise-and-store-your-herbs-and-spices w=620]

 

Home upgrade

See how small changes can transform your home into a new haven.

This can be done at affordable budgets and using available local materials but still achieve same great results. If your home is seeming boring or just getting tired of same old routine, lets prep things up for you. See below how a very small extension to a family kitchen made the whole environment very exciting.

 

[houzz=https://www.houzz.co.uk/ideabooks/109543748/list/room-tour-a-small-side-extension-totally-transforms-an-open-plan-space w=620]

Talk to us at Coinbox Limited today and lets help you upgrade your home within your budget.

This can be done to any part of the home; toilet, bedroom, corridor, parlor, kitchen, dinning, staircase, just name it.

send email to coinboxlimited@gmail.com or call +2349093929847

 

PROPERTIES FOR SALE

           PROPERTIES FOR SALE AS OF TODAY 25TH OF JUNE, 2018.

 

 

  1. Six Bedroom Duplex with one Room B/Q on 400 square meters, newly built at Magodo Isheri, Lagos. 70 million Naira.

 

  1. Plots of land at Ogudu Valley Estate, Ogudu GRA, 25 million Naira per plot.

 

  1. A Plot of land at Ogudu Valley behind Ogudu GRA. 20 million Naira.

Title is Deed of Assignment.

 

  1. Newly Built 4 Bedroom Duplex with 1 Room B/Q (fully detached) in Ogudu GRA. 120 milliom naira

Title C of O.

 

  1. 6 Numbers, 3 Bedroom Flats, all rooms en-suite (newly renovated) in Thomas Estate, Ajah, just by the new fly over bridge.

Title is Supreme Court Judgment and Deed of Assignment.

28 million naira each asking, payment can be spread over one year.

 

  1. A Bungalow of 2 numbers, 2 Bedroom Flats in Thomas Estate.

Title is Supreme Court Judgment and Deed of Assignment.

16 million per flat or 30 million for the whole building.

Payment can be spread over 12 months.

 

  1. A Plot of land at Okeira-nla, Ajah (behind Lekki Gardens/ Thomas Estate) for 10 million Naira.

Title is Deed of Assignment.

 

Newly Built 2 Bedroom flats, (all rooms en-suite), fully serviced location for 25 million Naira each.

Title is C of O.

Payment can be spread over 12 months, location is in Yaba. Finishing is excellent. (separate parking for each flat)

 

9.A Plot of land at Ogudu Ori-oke, 25 Million Naira.

10.Two storey Plaza with shops and residences by Ojota Bus-stop. Asking is 170 Million, Title is C of O.

11. 6 Bedroom Duplex in Ogudu GRA for sale, 100 million asking.

 

For enquires please call Ayo:09093929842.