Owning a home is the desire of every Nigerian. But given the prevailing challenges, owning one has become elusive for most people. This has continued to increase the housing deficit gap in the country. Several realtors and property developers are trying to bridge the gap between the dream of home ownership and its reality.One of the firms undertaking such initiative is Messrs Reality Point Limited (RPL), an indigenous developer.
Prospective participants in the scheme need not worry about payment as the promoters have put in place three payment options. In the first option, which is rent-to-own, initial payment of 30 per cent deposit is required, with the balance spread over 36 months. The second option is payment of minimum initial deposit of between 20 and 30 per cent and balance spread over a period not exceeding 36 months.The third option is based on a mortgage facility, with payment of minimum initial deposit, followed by payment of the balance in partnership with mortgage banks for qualified prospects.More here.