Fixed Asset Management Services Ltd

31/08/2026

THE PRICE OF A PROPERTY IS NOT THE SAME AS THE COST OF OWNING IT.

One common mistake property buyers make is focusing only on the purchase price.

For example, you find a property valued at ₦100 million, and you assume that ₦100 million is the total amount you need to own the property.

But is it?

Before making that decision, you need to consider the full cost of ownership, which may include:

• Legal and professional fees
• Statutory charges and government levies
• Documentation and registration costs
• Agency fees
• Renovation and refurbishment costs
• Necessary repairs and improvements
• Other transaction-related expenses

By the time you add these costs, that ₦100 million property could require an additional ₦15–₦20 million or more before it becomes fully acquired, documented, and fit for your intended use.

This is why property value should not be considered in isolation from the total cost of acquisition and ownership.

As Estate Surveyors and Valuers, we help prospective buyers look beyond the asking price. We can assess the property, analyse the market value, identify potential additional costs, negotiate from an informed position, and help you determine whether the investment actually makes financial sense.

Before you buy a property, know what it will really cost you.

If you are considering buying a residential, commercial, or investment property, speak with a qualified Estate Surveyor and Valuer before committing your money.

📩 Contact us for professional property valuation, acquisition advisory, and negotiation support.

Buy wisely. Pay the right price. Know your total cost of ownership.

29/06/2026

30/03/2026

25/03/2026

17/03/2026

Perception vs Reality: The Depths of Property & Facilities Management

Property & Facilities Management (PFM) is often misunderstood. Many assume Property Management revolves around valuation (for registered practitioner of BOVEAP) and Facilities Management is mainly building maintenance (for competent person of CIDB). While these areas are important, they represent only a fraction of the profession’s responsibilities.

Property Management (PM)
PM extends well beyond valuation. It includes portfolio management, tenancy management, strata management, building insurance , governance, regulatory compliance, internal and external stakeholders management, vendor management and financial management including service charge administration and share unit calculations for strata properties.

Equally important are people management, communication skills, and emotional intelligence (EQ), which help managers coordinate teams, engage stakeholders, and resolve operational challenges effectively.

Facilities Management (FM)
FM also covers much more than building maintenance. It involves building operations, asset lifecycle planning, operational efficiency, sustainability initiatives, occupational safety & health (OSH), compliance, project management, procurement, risk management, and budgeting for FM operations. Success requires strategic planning, financial oversight, operational coordination, and strong interpersonal skills.

Insights From Experience
From my experience, around 90% of PFM staff at the operational level come from non–real estate backgrounds, including engineering, building surveying, business, law, accounting and finance.

In reality, many real estate graduates not interested in PFM due to limited syllabus exposure, after-hours work, night and weekend meetings, contract-based site operations, and the challenge of managing residents’ expectations. Yet, professionals from diverse disciplines often excel through practical experience, field exposure, and continuous learning.

In short, PFM is therefore much broader than commonly perceived. It is not limited to valuation or building maintenance, but spans a wide range of strategic, operational, financial, and people-focused responsibilities, delivering long-term asset performance, operational efficiency, and stakeholder confidence.

CC: Rozaini Nizar

06/03/2026

Land Title Clarity: Governor's Consent vs Certificate of Occupancy (C of O)

In real estate, solid documentation is key to ownership. Let's break down the difference between a Certificate of Occupancy (C of O) and Governor's Consent:

- A Certificate of Occupancy (C of O) is the primary title document issued by the State Government, typically valid for 99 years. It's the first formal recognition of land ownership and establishes the root of title.
- Governor's Consent is the statutory approval for transferring interest in a property from one party to another, updating government records.

Key points:
- A C of O isn't issued repeatedly for the same land; it's a one-time thing.
- When a property with a C of O is sold, the buyer processes Governor's Consent.
- Each subsequent sale requires Governor's Consent to validate the transfer.

Before buying property, ensure:
- The root title is verified
- Ownership history is traceable
- Appropriate consent is processed
- Documentation meets statutory requirements

Knowledge is protection in property investment 😊.

Want me to dive deeper into Nigerian land title structures?

03/03/2026

INVEST TODAY 🙏🏾

Are you thinking of where to put that 3.5 million, 6 million, 10 to as much as you can invest for yield?
Let me get you good investment plots with good title in Abuja FCT. This is where value gets you smiling steady on your investment which is of course an Asset.

26/01/2026

Many property issues are avoidable.
The problem is not knowing what to avoid.
Education is part of proper asset management.