UNDERSTANDING THE DIFFERENT LAND SIZES AND MEASUREMENT IN PROPERTY INVESTMENTS
Often times, Nigerians use generic terms to describe land masses and measurements, not understanding the technical difference between one and the other.
Yet, knowing the various measurement units and values is incredibly important when investing in landed property.
In Nigeria, land is measured at least 4 different values and these measurements are affected by factors that include but are not limited to; Economic investment, development patterns, and human and environmental factors.
Our goal today, is to shed light on the different land measurements values to ensure you get the best value for your money and avoid getting cheated.
That said, here is a look at some of the values for measuring land in Nigeria;
*METERS* – The square meter is a fundamental metric unit of area. A square meter is simply the area of a square whose sides measure exactly 1 meter in length. It is used for measuring the size of anything, from rooms to houses to land.
At PWAN Haven, our smaller plot of land are measured in square meters (SQM)
For example, Haven Residences measures at 300- 600 sqms. This break down is done to lower the entry bar for property investments and enable a lot more people who may not be able to buy a whole plot, invest in square meters.
*PLOTS* – A plot is an arbitrary term used to describe a land division made in a particular area by the developers or government for the purpose of building or farming. According to Nigeria’s land division, 50 x 100ft is the appropriate size for a plot of land suitable for a house construction that can accommodate a standard house with a small compound. This size can vary for different reasons.
*HECTARES (HA)* – A hectare, measuring 100m x 100m Or 328ft x 328ft Or 10,000sqm, is the least known metric unit. It is about two and a half acres consisting of 15 plots.
*ACRES* – An acre, almost the equivalent of a standard football field, is the standard unit of measurement popularly used by land sellers. It is equivalent to the size of a standard football field. The product of any rectangular plot of land gives a total of 4,046sqm Or 43,560sq ft. An acre consists of 6 plots each measuring 60 x 120ft.
In conclusion, avoid the trap of thinking of and measuring every piece of land with the generic “plot”. Plot is used loosely to mean any delineated parcel of land. But for informed individuals who understand various land sizes and their measurements, plot is never a generalized word.
The knowledge of various land sizes will ensure informed decisions are made during land purchases, and that you make worthwhile property investments.