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What are the Things to Keep in Mind when Buying a House?



buying a house

It’s critical to be well-informed when making major financial decisions, and a few are more significant than buying a house.

Before you acquire any property, take the time to educate yourself on what you’re getting yourself into. The following home-buying ideas will assist you in getting started with your home ownership journey.

The processes involved in purchasing a home are straightforward and worth your time and effort and you can get more info on homes for sale in Miami Florida.

While looking into the factors to consider when purchasing a home, the process can get overwhelming. After all, there are numerous factors to consider before commencing to purchase your dream home.

Having set priorities will help you navigate the process without missing crucial aspects that are important to you and your family.

Your realtor will want to know about your priority list as well. Understanding which qualities are most important can assist you in eliminating residences that will not work for you and comparing those that will.

Here are 7 Things You Must Know Before Purchasing A Home

  1. Location

Location is one of the most critical aspects of any piece of real estate. Pay great attention to the neighbourhood where you intend to purchase your home. You’ll want to make sure that your home is close to your workplace.

Some people want to be tucked away from busy streets, while others prefer to have more access to main city roads.

Homebuyers with children or those considering starting a family should look into the local schools. For many homeowners, school quality can make or break their decision. Examine the public and private alternatives, as well as information on entrance and registration. Knowing the important information ahead of time is usually a smart idea.

Buyers are looking for a location that is convenient to their favourite places (work, school, shopping, recreation centre, place of worship, friends and family). Check traffic flow and look for easy access to important roadways.

  1. Look past the paint

It’s not uncommon for your dream house to include that one area that you’ve already imagined remodelling. It’s vital to note that while a coat of paint or some wallpaper can alleviate cosmetic issues, making modifications to kitchens and bathrooms can be costly.

People often concentrate on the cost of cabinets, appliances, and counters, but they overlook the expense of labour, which may easily double or triple the cost. That’s not to say you shouldn’t buy a house that needs a lot of work, but you should consider those costs when considering whether you can afford it.

  1. You should know what you desire

Are you looking for a house or an apartment? This is one of the first challenges that many first-time house purchasers will face. In fact, many customers may consider both options because they can’t decide.

You should be aware of the advantages and disadvantages of living in an apartment versus a house in order to make informed selections. More consumers will be disappointed when choosing an apartment because they are unaware of the consequences of how restrictive they might be or how quickly fees can alter. Of course, the appeal is typically for buyers who do not have time to maintain their homes.

After the thrill of purchasing a property wears off, you’ll have to live there for years. Make certain you’re looking for a home that fits your wants and lifestyle. More space isn’t necessarily a good thing. Lawns require maintenance. It may turn out that being close to the things you enjoy is more significant than you know.

Understand that you are not only purchasing a home, but also a location. Many buyers overlook the importance of learning how to choose a neighbourhood they would enjoy when purchasing a property. First-time buyers frequently place too much emphasis on the home and not enough on the area.

  1. Make use of a reputable real estate agent

We all know that real estate brokers get a percentage of the home’s sale price, which makes some purchasers wary of using one since they fear it will raise the overall cost. Keep in mind that the commission is paid by the seller, not the customer.

A listing agent (the agent representing the seller) does not safeguard your interests and would simply pocket both sides of the commission if you were to buy a home. That means you aren’t saving any money. A knowledgeable broker working for you like PwanMax can defend your interests and guide you through the whole buying process, from price negotiations to home inspections.

  1. Know how much a property is worth before you buy it

If you want to avoid overpaying for your home, you’ll need to work with a real estate agent like PwanMax that knows the local market.

Other expenditures such as appraisals and inspections, in addition to the purchase price, might mount up quickly if you don’t grasp the home’s value.

If you ask about adjusting the price afterwards, sellers and banks may not be accommodating.

  1. Number of bedrooms

Each family will have a preference on the number of bedrooms they require. Most individuals want at least two, and the number grows if there are children.

Some families prefer that their children share bedrooms, while others prefer that they each have their own bedroom to suit various bedtimes and study habits. It’s ideal to have a distinct guest room if you have regular visitors for an extended period of time.

An additional bedroom is frequently used as an office, den, playroom for children, or fitness area. Many hobbies necessitate working space and supply storage, and an extra bedroom is ideal for this. Consider your lifestyle and what will make it better.

  1. The house’s age

This is irrelevant if you are just interested in a new building. You may see homes from multiple decades if you are willing to look at all residences in your price range that fulfil your fundamental needs.

Older homes might have a unique charm, but they may require more maintenance and renovations. Ascertain that you have the time, motivation, and financial resources to enjoy managing these initiatives.

Building codes evolve over time, and it’s helpful to have a rudimentary awareness of some of the more significant variations when inspecting properties built under different laws.

Your realtor may have this information or know where to look for it. You may already be aware of how homes were built at the time if you’re seeking a specific vintage and design.


While you’re ready to become a homeowner, it’s critical to identify the most crucial factors to consider when purchasing a property. As previously mentioned, there are various aspects to consider, including personal preparation, local market conditions, and ensure you understand the key components of the house purchasing process. You may ensure that you have awareness and mindfulness as you enter the domain of homeownership by carefully considering some of these concerns.

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Sterling Bank Assures Shareholders More Value With New Structure



sterling bank logo

By Aduragbemi Omiyale

Recently, shareholders of Sterling Bank Plc authorised the board of the company to transform its organizational structure into a holding firm to be known as Sterling Financial Holdings Company.

A holding company or Holdco is a company set up for the purpose of making and managing, for its own account, equity investment in two or more companies, being its subsidiaries, engaged in the provision of financial services, one of which must be a bank.

The Chief Executive of Sterling Bank, Mr Abubakar Suleiman, said with the new arrangement, shareholders would have value for their money as the company would have the opportunity to increase its income streams because of its involvement in new ventures.

He disclosed that the advantages of the newly formed holding company include value creation to maximise earnings through new businesses, agility to optimise for opportunities and adapt to a rapidly changing market, maximise current and future talent potential with opportunities within the group and subsidiaries to nurture and engage its wealth of young and innovative talent.

According to him, the holding company also affords Sterling another opportunity to leverage its successful HEART strategy, which has seen the bank make consolidated investments in the Health, Education, Agriculture, Renewable Energy and Transportation sectors, growing the company’s year-on-year profits to record highs despite strong economic headwinds.

With the adoption of a Holdco structure, Sterling now possesses the latitude to make inroads into other sectors within financial services, such as pensions, asset management, payment services, real estate, and different verticals, along with the current banking licenses held by the commercial and non-interest banking subsidiaries, Sterling Bank and The Alternative Bank.

In recent times, the bank has doubled down on digitisation with specialised products through the development and introduction of Specta, OneBank, I-invest, Gazelle and Omni X to fulfil the market’s needs for innovative retail and commercial banking solutions.

On his part, the Chairman of Sterling Bank, Mr Asue Ighodalo, said, “Following the implementation of the scheme, shareholders will exchange their shares in the Bank for shares in HoldCo in the same proportion as their current holdings in the Bank, which will be a regulated entity for CBN purposes.”

He added that the scheme would provide several benefits to the shareholders of the bank, some of which include facilitating diversification into other permissible business lines, thereby promoting growth and enhancing shareholder value and facilitating a consolidated financial strength of the group, which will improve access and ability to raise capital.

It was gathered that upon the final ratification by the regulators, the commercial banking subsidiary of the holding company, Sterling Bank; will continue to operate with its current name as a limited liability company, with shares transferred from the publicly traded company transferred to the newly formed Sterling Financial Holdings Company.

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Friesland Extends NASD OTC Securities Growth by 0.98%



Friesland shares

By Adedapo Adesanya

FrieslandCampina WAMCO Nigeria Plc extended the bulls’ presence at the NASD Over-the-Counter (OTC) Securities Exchange by 0.98 per cent on Tuesday, September 27.

This expanded the market capitalisation of the bourse by N9.38 billion to N963.94 billion from N954.56 billion and jerked the NASD Unlisted Securities Index (NSI) up by 3.19 basis points to end the day at 762.12 points as against the 765.31 points it recorded in the previous session.

FrieslandCampina WAMCO Nigeria Plc appreciated yesterday by N4.90 to sell at N78.00 per unit compared to the N73.10 per unit it was transacted a day earlier.

Despite the growth posted yesterday by the NASD OTC securities, there was a price loser and it was Niger Delta Exploration and Production (NDEP) Plc, which declined by N1.00 to settle at N199.00 per share compared with Monday’s value of N198.00 per share.

During the session, there was a rise in the volume of securities traded by 408.8 per cent to 189,296 units from the 37,205 units transacted by market participants in the preceding session.

In the same pattern, there was a rise in the value of shares traded by 129.1 per cent to N6.2 million from the N2.7 million recorded on Monday.

These transactions were completed in 18 deals, the same amount of deals carried out in the previous trading session.

At the close of trades, AG Mortgage Bank Plc was the most traded stock by volume (year-to-date) with the sale of 2.3 billion units valued at N1.2 billion, Central Securities Clearing System (CSCS) Plc stood in second place with 687.6 million units worth N14.3 billion, and Mixta Real Estate Plc was in third place with 178.1 million units worth N313.4 million.

The most traded stock by value on a year-to-date basis was CSCS Plc with the sale of 687.6 million units worth N14.3 billion, VFD Group Plc was in second place with 27.7 million units valued at N7.4 billion, as FrieslandCampina WAMCO Nigeria Plc was in third place with 14.3 million units valued at N1.7 billion.

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Naira Appreciates at P2P, Falls at I&E, Stable at Black Market



Naira devaluation

By Adedapo Adesanya

The value of the Naira appreciated against the United States currency in the Peer-to-Peer (P2P) segment of the foreign exchange market on Tuesday by N2 to close at N740/$1 compared with the previous day’s value of N742/$1.

However, it depreciated against the American Dollar at the Investors and Exporters (I&E) window of the FX market yesterday by 33 Kobo or 0.08 per cent to trade at N436.33/$1 in contrast to Monday’s value of N436.00/$1.

Data from the FMDQ Securities Exchange disclosed that the value of forex transactions recorded at the spot market yesterday went up by 27.31 per cent or $21.33 million to $99.43 million from the $78.10 million reported a day earlier.

In the interbank segment of the market, the Naira closed flat against the Pound Sterling at N463.96/£1 and against the Euro, it also remained unchanged at N416.15/€1 on Tuesday.

In the same vein, the exchange rate of the local currency paired with the greenback closed flat at the parallel market yesterday at N722/$1.

Meanwhile, the digital currency market was bearish yesterday, with Bitcoin (BTC) falling below the $20,000 mark again after it managed to rise above that level a day earlier.

On Tuesday, its value went down by 6.5 per cent to close at $18,765.50 as Ripple (XRP) recorded a 10.1 per cent slump to trade at $0.4282.

Ethereum (ETH) saw its value go down by 6.9 per cent to sell at $1,284.29, Solana (SOL) recorded a 6.5 per cent slide to quote at $32.44, Cardano (ADA) recorded a 5.6 per cent decline to settle at $0.4312, Binance Coin (BNB) shed 5.1 per cent to sell for $270.03, Litecoin (LTC) went down by 5.0 per cent to trade at $52.07, and Dogecoin (DOGE) saw a 4.5 per cent slump to trade $0.0594.

But Binance USD and the US Dollar Tether (USDT) closed flat at $1.00.a

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