Olushina Ojo & Co Estate Surveyors and Valuers

17/10/2026

WHAT HAPPENS WHEN A PROPERTY IS IN A POOR LOCATION?
Understanding How Location Affects Property Value, Rental Income and Investment Returns
Have you ever wondered why two similar properties can have significantly different values simply because they are located in different areas?

The answer is often LOCATION! LOCATION! LOCATION!
Location is one of the most important factors that influence the value, demand and investment potential of a property. A beautiful house or a well-developed commercial building may still struggle to attract buyers or tenants if it is situated in an unfavourable location.

7 EFFECTS OF A POOR PROPERTY LOCATION
1. Reduced Property Value
Properties located in areas with poor road access, inadequate infrastructure, security concerns or limited amenities may have lower market values than comparable properties in more desirable locations. Even a well-built property may not achieve its expected selling price.

2. Difficulty Attracting Tenants
A property situated far from workplaces, schools, markets, public transportation or other essential facilities may be less attractive to prospective tenants. This can make it difficult for landlords to secure suitable occupants.

3. Lower Rental Income
Where demand for accommodation or commercial space is weak, landlords may have to charge lower rent to attract tenants. This can reduce the property's income-generating potential.

4. Longer Periods of Vacancy
Poor accessibility, an unfavourable neighbourhood or limited demand can cause a property to remain vacant for an extended period. During this time, the owner may continue to bear expenses such as security, maintenance and other property-related costs without receiving rental income.
5. Slower Appreciation in Value
Properties in locations experiencing limited economic growth or infrastructure development may appreciate more slowly than comparable properties in stronger markets. However, future infrastructure projects and neighbourhood improvements can change this outlook.

6. Increased Investment Risks
Issues such as flooding, poor drainage, insecurity, environmental nuisances and uncertain access roads may expose property owners to additional costs and investment risks. These factors should be carefully investigated before purchasing a property.

7. Difficulty Reselling the Property
When a property is located in an area with weak buyer demand, selling it at the desired price may take longer. An owner who needs urgent funds may have to reconsider the asking price, depending on market conditions.

DOES A POOR LOCATION MEAN A PROPERTY HAS NO VALUE?
Absolutely not!
A property in a less desirable location can still have value. Its value depends on several factors, including:
The precise location and neighbourhood.
Accessibility and road conditions.
Availability of electricity, water, drainage and other infrastructure.
Security and environmental conditions.
Proximity to commercial centres, workplaces and public amenities.
Demand for similar properties in the area.
The property's physical condition, permitted use and legal status.
Potential future developments and the prevailing property market.
A location that appears unattractive today may also improve over time. However, future development should be assessed carefully rather than assumed.

WHAT SHOULD A PROPERTY OWNER OR INVESTOR DO?
Before buying, selling, developing or investing in a property, it is important to understand the effect of its location on its current market value and future investment prospects.
Here are some practical steps:
Inspect the property and its surroundings. Assess accessibility, drainage, security, infrastructure and environmental conditions.
Research comparable properties. Find out the prices or rents of similar properties in the same locality.
Investigate future prospects. Verify relevant planning information and proposed infrastructure projects instead of relying on rumours.
Consider the intended use. A location suitable for residential purposes may not necessarily be ideal for a retail shop, office or industrial property.
Obtain a professional property valuation. A qualified Estate Surveyor and Valuer can assess relevant market evidence and property characteristics to provide an informed opinion of value

WHY PROFESSIONAL PROPERTY VALUATION MATTERS
Do not determine the value of your property solely by its building cost, your neighbour's asking price or the amount you hope to receive.
Property value should be assessed using relevant market evidence and professional judgement.
At Olushina Ojo & Co Estate Surveyors and Valuers, we understand the importance of assessing location, market conditions, accessibility, property characteristics and other relevant factors when undertaking property valuation.
Whether you intend to sell, purchase, let, develop or invest in property, obtaining a professional valuation can help you make better-informed decisions.
NEED PROFESSIONAL PROPERTY VALUATION?
Do you want to know the current market value of your land, house, commercial building or other asset?
Contact Olushina Ojo & Co Estate Surveyors and Valuers for professional property valuation and real estate advisory services.

📍 Office: Suite 7, 2nd Floor, Cooperative Building (Obisesan Hall), Lebanon Street, Dugbe, Ibadan.
📞 Phone: 08035453614 | 08163390992
📧 Email: [email protected]
Make informed property decisions. Protect your investment. Seek professional advice.

12/10/2026

🏠 WHAT SHOULD A LANDLORD DO WHEN A TENANT’S RENT IS ABOUT TO EXPIRE?

As a landlord, managing your property effectively starts with proper planning. One common mistake property owners make is waiting until a tenant’s rent has expired before taking action.
This can create unnecessary uncertainty, misunderstandings and difficulties in planning the future of the property.

✅ Here are 5 important steps every landlord should take:

1. Monitor Rent Expiry Dates
Keep accurate records of each tenant’s rent commencement and expiry dates to avoid missing important deadlines.

2. Communicate Early
Contact the tenant before the rent expires to discuss their intention to renew the tenancy or vacate the property.

3. Plan for Renewal or a New Tenant
If the tenant intends to leave, begin planning for a new tenant early to reduce unnecessary vacancy periods and potential loss of rental income.

4. Review the Tenancy Terms
Check the tenancy agreement and applicable legal requirements before issuing notices or making arrangements for renewal or possession.

5. Seek Professional Property Management Advice
A professional Estate Surveyor and Valuer can help you monitor rent schedules, communicate appropriately with tenants, plan renewals and manage the property more efficiently.

💡 PROFESSIONAL ADVICE:
Do not wait until rent expires before you start planning. Early communication and proper tenancy management can help protect your rental income, reduce disputes and improve your property's performance.
🏢 OLUSHINA OJO & CO Estate Surveyors and Valuers
We provide professional property management and valuation services to help property owners protect their investments and achieve better returns.
📞 Contact us today:
08035453614 | 08163390992
📍 Suite 7, 2nd Floor, Cooperative Building (Obisesan Hall), Lebanon Street, Dugbe, Ibadan.
Your Property. Our Professional Responsibility.

12/10/2026

🏡 HOW DO YOU VALUE LAND WITHOUT A CERTIFICATE OF OCCUPANCY (C of O)?

Many landowners believe that land without a Certificate of Occupancy cannot be valued. This is not entirely true!

As a matter of professional practice, land can be valued even when it does not have a C of O. However, the absence of this document may affect the property's value, marketability, and the confidence of prospective buyers or investors.

📌 What factors should be considered?
A professional land valuation may consider:

Location: The land's location, accessibility, and proximity to roads, markets, and other essential facilities.

Land Size and Use: The plot size, shape, permitted use, and development potential.

Title and Legal Status: Available ownership documents, the nature of the interest being valued, and any restrictions, disputes, or encumbrances.
Market Evidence: Recent sales of comparable land in the area.

Planning and Government Regulations: Applicable land-use planning requirements and other relevant regulations.

Marketability: How the absence of a C of O or other title documentation may influence buyers' willingness to purchase and the price they are prepared to pay.

✅ WHAT IS THE SOLUTION?
If you own land without a C of O, do not rely on guesswork to determine its worth.
Engage a qualified Estate Surveyor and Valuer to carry out a professional valuation, taking into account the land's location, available title documents, legal circumstances, market evidence, and other relevant factors.

Remember, the absence of a C of O does not automatically mean that your land has no value. However, the type and strength of your ownership rights must be properly assessed, and a valuation does not replace the legal process of perfecting title.

📞 Need a professional valuation of your land or other assets?

Contact OLUSHINA OJO & CO Estate Surveyors and Valuers for professional valuation services.
📍 Suite 7, 2nd Floor, Cooperative Building (Obisesan Hall), Lebanon Street, Dugbe, Ibadan.

📱 08163390992 | 08035453614
Know the value of your property. Make informed decisions.

09/10/2026

🏡 10 REASONS WHY PROPERTY OWNERS SHOULD ENGAGE A PROFESSIONAL ESTATE SURVEYOR AND VALUER

Your Property Is an Investment. Protect Its Value with Professional Expertise!
Owning a property is a significant investment, but managing it, determining its true market value, and maximising its financial potential require professional knowledge and experience.
Whether you own a residential building, commercial property, vacant land, or other valuable assets, engaging a professional Estate Surveyor and Valuer can make a significant difference.
Here are 10 important reasons why every property owner should engage a professional Estate Surveyor and Valuer:

1. ACCURATE PROPERTY VALUATION 📊
Know the true market value of your property before selling, buying, letting, obtaining a loan, or making important investment decisions. Professional valuation helps you make informed decisions based on appropriate valuation evidence and methods.

2. EFFECTIVE PROPERTY MANAGEMENT 🏢
Professional property management helps you supervise your property, coordinate maintenance, monitor tenants, and manage rental income while reducing the stress of day-to-day property administration.

3. MAXIMISING RENTAL INCOME 💰
Are you charging the right rent for your property? A professional can assess prevailing market conditions and advise on appropriate rental levels to help you achieve reasonable returns on your investment.

4. PROTECTING YOUR PROPERTY INVESTMENT 🛡️
Regular inspections, proper documentation, timely maintenance, and professional oversight help identify potential problems early and protect the long-term condition and value of your property.

5. PROFESSIONAL TENANT MANAGEMENT 🔑
Finding suitable tenants and maintaining a professional landlord-tenant relationship are essential to successful property ownership. Professional management can help with tenant screening, tenancy documentation, rent monitoring, and communication.

6. INFORMED PROPERTY INVESTMENT DECISIONS 📈
Before investing in land or buildings, professional advice can help you assess location, market conditions, investment potential, risks, and the suitability of a property for your objectives.

7. EXPERT ADVICE ON PROPERTY SALES AND PURCHASES 🤝
Whether you intend to sell or acquire a property, professional advice can help you understand its market position, assess its value, and negotiate from a more informed position.

8. PROPERTY MAINTENANCE AND VALUE PRESERVATION 🔧
Neglecting maintenance can lead to costly repairs and deterioration. Professional property management helps coordinate necessary maintenance and monitor the condition of your investment.

9. PROFESSIONAL VALUATION FOR OFFICIAL PURPOSES 📑
Property valuation may be required for mortgage purposes, insurance, taxation, financial reporting, probate, compensation, and other legitimate purposes. A professional Estate Surveyor and Valuer provides valuation services appropriate to the specific purpose and applicable standards.

10. PEACE OF MIND AND PROFESSIONAL ACCOUNTABILITY ✅
Engaging a qualified professional gives you access to specialised knowledge, structured property administration, proper reporting, and professional accountability, helping you manage your property with greater confidence.

YOUR PROPERTY DESERVES PROFESSIONAL ATTENTION!
Do not leave the value and management of your property to guesswork. Make informed decisions, protect your investment, and work with a qualified professional.

OLUSHINA OJO & CO
Estate Surveyors and Valuers

📍 Suite 7, 2nd Floor, Cooperative Building (Obisesan Hall), Lebanon Street, Dugbe, Ibadan.
📞 08035453614 | 08163390992

Our Professional Services Include:
Property Valuation for All Types of Assets
Property and Facility Management
Rental and Investment Advisory
Property Inspection and Consultancy

📩 Contact us today for professional property valuation, management, and consultancy services.
Your property is valuable. Let us help you protect and maximise its potential.

08/10/2026

🏢 PROFESSIONAL PROPERTY MANAGEMENT — LET YOUR PROPERTY WORK FOR YOU

Owning a property is an investment. Managing it properly is what helps protect and maximise that investment.

At OLUSHINA OJO & CO, Estate Surveyors and Valuers, we provide professional property management services designed to give property owners peace of mind, proper accountability and better returns on their investments.
We assist property owners with:
🔹 Tenant Recruitment & Management
Finding suitable, responsible and credit-worthy tenants for your property.
🔹 Rent Collection & Remittance
Professional rent administration and prompt remittance to property owners.
🔹 Property Inspection & Monitoring
Regular inspections to monitor the condition, occupation and proper use of your property.
🔹 Repairs & Maintenance
Coordinating and supervising necessary repairs and maintenance to keep your property in good condition.
🔹 Financial Reporting
Clear and periodic reports to help property owners understand the financial performance of their property.
🔹 Tenancy & Property Administration
Professional handling of tenancy matters, communication with occupants and day-to-day property administration.
Whether you are living outside Ibadan, outside Nigeria, busy with your career or simply want a professional to manage your property, you can entrust the management to experienced professionals.
Your property deserves more than occasional supervision.
It deserves professional management.
📞 OLUSHINA OJO & CO
Estate Surveyors and Valuers
📍 Suite 7, 2nd Floor, Cooperative Building (Obisesan Hall), Lebanon Street, Dugbe, Ibadan.
📱 08035453614 | 08163390992
📧 [email protected]
Protect your property. Improve its performance. Maximise its value.

08/10/2026

FOR SALE:

Fenced Land measuring 1,100sqm at Kolapo Ishola GRA, phase 1, very close to the main. Title is C of O. asking

08/10/2026

TO LET:

Newly built 3 bedroom duplex at Kolapo Ishola GRA phase 1, tiles, rooms ensuit, wardrobe, boredom, #7,000,000

Contact Olushina Ojo & Co. Estate Surveyors & Valuers on 08163390992.

07/10/2026

*For Sale🔥🔥*
*Cheapest Duplex you ever see around*

Excellent 4-Bedroom Duplex on 85% Completion on full standard of land.

Location: Peace Quarters, Zone 6, Behind Jil Private School, Elepe Akekaka, Off Arulogun Road, Ojoo Ibadan Oyo State.

Documents: Registered Survey and Building Plan.

*Asking Price: 35M*

07/10/2026

FOR SALE

7 Bedroom duplex that can be converted easily to 4 units of flats

Location: directly behind T Exclusive hotel, Bode Bashorun, Ibadan.

Documents: concerned and letter of administration.

Asking price: 100m

06/10/2026