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HOW TO INCREASE RENTAL REQUEST  FOR AN OLD APARTMENT

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How to Avoid Your Property from Being Demolished or Collapsing by Dennis Isong 

HOW TO INCREASE RENTAL REQUEST FOR AN OLD APARTMENT

BY DENNIS ISONG

RENTAL

 

Almost every state in Nigeria has several old apartments that have been in existence for decades. Some apartments are demolished while some are renovated. But no matter how old your building is, if you do the right thing(s), renters will come for it.

 

If you wonder why people are leaving your house or not placing much value on it, you may need to ask, and most times, they are even glaring to you.

 

 

 

 

 

A house popularly known as four flats in Lagos was built 30 years ago. Imagine the cost of that compared to now and compare the market value.

 

But the problem was that the children of the chief (he is late now) that built it didn’t care so much about it. All they wanted was just the rent payments. Gradually, renters started leaving the place for a better place. When the property was left for over a year without any occupant, they decided to sell it off. The lucky buyer who saw a greater prospect in the property stripped off the structure, renovated it, and added all modern facilities to it.

 

 

 

 

 

 

Within some months, the property became the talk of the street. It didn’t take up to a month before the flats got filled up with tenants.

 

Sometimes, property owners hardly realize that they are sitting on gold. You can improve your property in various ways that could attract renters to you.

 

 

 

  1. Renovate the property

 

One of the ways to make your property attractive to rent is by renovation. Naturally, people prefer and gravitate towards houses that look new. A renovated property stands a higher chance of having potential renters’ attention.

 

 

  1. Use modern facilities

 

When you renovate, don’t miss out on modern facilities. For instance, if the property has a terrazzo flooring, you may need to switch to tiles. Houses with pit toilets can be changed to WC (Water closet). There is a lot you can incorporate into your property that increases the property value and attracts renters.

 

 

 

 

  1. Be creative/ start a catchy business

 

You could create a store at the front of the property where you let it out to someone who wants to sell every household item. Having a store like a mini-mart on your property attracts renters because no one likes to go through the stress of buying what they need out of their vicinity. If your property has a mini-mart facility, it’s sure that you can get tenants sooner than expected.

Also, you may create a viewing center depending on how large the property is.

 

 

 

 

 

  1. Paint in an attractive color

 

Colors are vital parts of a building. Good and attractive painting brings people’s attention to the property. Naturally, we have the eyes for beautiful house colors and this should be considered in  the process of renovation.

 

 

  1. Don’t make the initial payment too expensive

 

While letting out your property, there is a temptation to want to put the price on the high side because you are considering how far you have invested in it. Yes, people may be interested in it but likely take a longer time to rent out if it’s too expensive which isn’t good.

 

 

 

 

 

  1. Consider buying a central generator

 

This can be a big plus on your rental property. It’s not strange that we live in a country still struggling with power supply, having a central generator in your rented property is not a bad idea. For that alone, renters will be more interested in your house than any other house on the street.

 

 

  1. Create a consistent water system

 

In some communities, water is a major problem. Water scarcity happens due to some factors. The only viable solution to this problem is installing a borehole machine. Renters can do anything to be in a house where the water supply is available constantly.

 

 

 

 

 

 

  1. Make it look neater

 

You need to see some houses and how extremely dirty and unkempt they are. It’s an extreme sport getting any interested renters. A house with a dirty environment is a huge turn-off to potential renters. To be realistic, it’s degrading to have a house looking haunted because of dirt especially, the clogged and piled-up dirt that has blocked the drainage system.

 

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 +2348164741041

 

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IKORODU WEST LCDA HOSTS WORKING VISIT FROM LOCAL GOVERNMENT SERVICE COMMISSION

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IKORODU WEST LCDA HOSTS WORKING VISIT FROM LOCAL GOVERNMENT SERVICE COMMISSION

 

Ikorodu West Local Council development Area yesterday hosted the Local Government Service Commission led by Chairman. Hon. Kamal Ayinde Baiyewu. Mr Seriki welcome everyone to the August visitation on over sight function aimed at assessing and evaluating their performances in the last 5 years,seeing to their welfarism which the commission was convinced enough that the Council Chairman took care of them accordingly.

He also commended the Council Chairman for the laudable projects he has done and how he has transformed the face of the Council Secretariat to a modern edifice. The Council Chairman, Hon. Sulaimon Kazeem Olanrewaju, FCA- FCTI, expressed his gratitude to the Commission’s Chairman and his entourage for the assessment and evaluation tour, assured them of adequate care for the Civil servants within his jurisdiction.

 

Mrs Ajayi Omobola, Head of Admin/ Human Resources representing Mrs. Abosede George (Permanent Secretary) warmly sent her greetings, reiterated on how the commission was able to approved 2,366 Civil Servant Promotions, converted 355 Officers in the unified Councils. Advice Civil Servants that their request especially the deceased workers should always come with necessary documents for adequate assistance to avoid unnecessary delay . Mrs. Olawunmi Dada, representing Permanent Secretary Bibilomo Olusekun congratulated all the Civil Servants who were recently promoted, she advice the Council Manager to organise training for Civil servants twice monthly on PSS. Council Manager, Mr. Nurudeen Olushola Tobun reeled out some laudable projects and development that has been implemented so far, he also affirmed to the commission that the Council Chairman has performed wonderfully well in terms of welfarism, peaceful coexistence and good well being of the Staff

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Osun Residents Benefit from Fidelity Food Bank Initiative

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Osun Residents Benefit from Fidelity Food Bank Initiative

Osun Residents Benefit from Fidelity Food Bank Initiative

 

Over 4,500 residents have benefited from a two-day feeding programme organized by Fidelity Bank Plc in Abere and Modakeke communities in Ile-Ife, Osun State. The program, which saw to the distribution of essential food items, was executed in collaboration with the Ministry of Cooperatives and Empowerment and the Esther Adeleke Foundation.

 

Speaking during the distribution event, the Managing Director/Chief Executive Officer, Fidelity Bank, Dr. Nneka Onyeali-Ikpe, represented by the Regional Bank Head, Southwest II, Mrs. Morenike Olabisi emphasized that the Fidelity Food Bank initiative underscores the bank’s commitment to Corporate Social Responsibility (CSR) and community welfare. She noted that since the initiative was launched in April 2023 by Dr Nneka Onyeali-Ikpe, it has impacted communities across all six geopolitical zones in Nigeria.

According to Mrs Olabisi, “This is the third distribution exercise in Osun State this year, and our aim is to achieve zero hunger in Nigeria and achieve the Sustainable Development Goal 2. Our CSR initiatives are designed not just to provide immediate relief, but to empower people and improve their livelihoods.

“The bank will be donating 500 Point of Sale (POS) machines to the Ministry of Cooperatives and Empowerment for onward distribution to residents In addition to the food bank distribution. “These POS machines will serve as an income-generating tool for many families and small business owners across the state. Fidelity prides itself as a responsible organisation, and we place a huge premium on the wellbeing of our host communities”, she added.

Responding to the gesture, the Governor of Osun State, Senator Ademola Adeleke represented by the Commissioner for Cooperatives and Empowerment, Bayo Ogungbangbe, commended Fidelity Bank for the social intervention programme and its continued support to the people.

“This is not the first time Fidelity Bank is giving back to the state and this shows that the well-being of the people is of top priority to the bank. We are deeply grateful for their sacrifice and we urge other corporate organizations to emulate Fidelity Bank on this laudable initiative”, he stated.

On her part, the founder of Esther Adeleke Foundation and the wife of Osun State Governor, Erelu Ngozi Adeleke, emphasized that this is the second edition of the Fidelity Food Bank in collaboration with Esther Adeleke Foundation noting that, the first edition at the Asubiaro Hospital, Osogbo inspired them to do more.

Her words, “My resolve to help the needy and alleviate poverty necessitated my partnership with Fidelity Bank in the distribution of food items to the needy.  There is hardship in the country, and I am doing my best to support the governor of Osun State to cater for the needs of Osun people.

“I want to appreciate the management of Fidelity bank for their dedication to the people of Osun state, and we want to assure the bank that they have our utmost support”, she added.

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The bank is also a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application Award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider Award by Global Brands Magazine.

Additionally, the bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

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We followed legacy of my Late Father-Prince Akintoye Akinrinade.

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We followed legacy of my Late Father-Prince Akintoye Akinrinade.

 

Prince Akintoye Akinrinade have described a 3-day free medical outreach organised by him which we hold between Friday,16th to Sunday 18th of May,in Agbado and its environs as a part of legacy they followed from their father, Oba Anthony Adetunji Akinrinade.

He stated this in his own tribute to mark 3rd years anniversary remembrance of his late father, Oba Anthony Adetunji Akinrinade.

Akintoye said that the outreach, which provided free consultations, medications, health education, eye test and screenings, was a demonstration of continued commitment to the values of compassion and community service that defined the life of the late Kabiesi.

He further said” The program orgaized by his son as a reflection of the late Kabiesi’s philanthropic spirit, the initiative aimed not only to address pressing health needs in the community but also to inspire others to embrace a lifestyle of giving and service”.

He emphasized that the outreach is a direct continuation of his father’s legacy—a man who lived for the well-being of others and whose memory continues to inspire meaningful change.

Prince Akintoye also said “Service to humanity is a value I deeply inherited from my father, Kabiesi was more than a mentor—he was a beacon of generosity. This outreach is one of many ways we intend to uphold his legacy and ensure his kindness continues to touch lives.”

When he recounting past efforts, he highlighted that during the 2nd-year remembrance last year, solar-powered streetlights were donated and installed across the Agbado community to improve security and quality of life. These acts of service stand as testaments to the late Kabiesi’s enduring influence and the family’s resolve to keep his vision alive.

He then concluded with a call to the good people of Ogun State to continue walking the path of compassion and communal support.

He then urged “Let us not allow this legacy to fade, together, we can build stronger, healthier, and more united communities, just as my father always dreamed.”

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