{"id":1329,"date":"2016-08-26T16:48:10","date_gmt":"2016-08-26T16:48:10","guid":{"rendered":"http:\/\/www.tolet.com.ng\/blog\/?p=1329"},"modified":"2018-09-11T10:39:21","modified_gmt":"2018-09-11T09:39:21","slug":"how-much-can-you-spend-to-renovate-a-rented-apartment","status":"publish","type":"post","link":"https:\/\/propertypro.ng\/blog\/how-much-can-you-spend-to-renovate-a-rented-apartment\/","title":{"rendered":"How much can you spend to renovate a rented apartment?"},"content":{"rendered":"

I once asked a colleague of mine at work this question and in addition to her reply, she told of a relative of hers who spent about three fifty thousand naira (N350,000) to renovate a rented 3 bedroom apartment of about five hundred thousand<\/a> (N500, 000) per year.<\/span>Isn\u2019t that too much to spend on such value of rented apartment?<\/span><\/p>\n

While this could be an act of generosity, it could also be an act of spendthriftness. Since it is believed that anyone who rents an apartment is yet to afford a house of his or her own, it is not expected that a tenant spends exuberantly renovating a rented apartment. And, in the case of trying to act generous, who does that?<\/span><\/p>\n

I know of a tribe on this side of the world that\u2019s likely to do such (of course, I won\u2019t mention). When they rent an apartment<\/a>, they do all the renovation like they\u2019re planning to take over the house from the landlord.<\/span><\/p>\n

What I would rather suggest<\/b><\/h2>\n

In my opinion, instead of spending that much, why not rent an apartment that suits your taste to pay a monthly rent of a higher amount. Ow! That doesn\u2019t sound economical, right? Ok, what about saving up to build or buy a house<\/a> of your own?<\/span><\/p>\n

Most people fear the suggestion of owning an apartment because of the financial requirement involved. However, it remains wiser to build or buy than rent a house<\/a>.<\/span><\/p>\n

Let me inform or remind you about the Lagos State Rent-To-Own scheme<\/a> that has just been re-packaged by the Ambode administration. It has become more accommodating for the low-income earners of the society. Read more here<\/a>.<\/span><\/p>\n

So, I\u2019ve just given my opinion. I need to hear yours and the question, again, is: how much can you spend to renovate a rented apartment?<\/span><\/p>\n

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