Dear Dorothy,
I am seriously considering relocating abroad for better opportunities. Things have been tough here like unstable economy, insecurity, and the constant feeling that I’m not moving forward despite my efforts. I own a property in Lagos which I built some years ago. Some friends have advised me to sell it to fund my relocation plans, but others warn that I might regret it later.
I don’t want to make a hasty decision, yet I’m eager to start a new life elsewhere. What should I do? Should I sell my property to finance my relocation, or hold on to it and find another way?
— Charity
Dear Charity,
Your dilemma is one many Nigerians can relate to, especially in today’s climate. The desire to japa; to seek greener pastures abroad, is understandable. But selling your property, a tangible asset that took years to acquire, is a weighty decision that deserves careful thought.
Here’s how to look at it from both sides:
1. Consider the long-term value of your property.
Real estate in Lagos, especially in prime or developing areas, tends to appreciate over time. If you sell it now, you might later find it difficult or even impossible to afford something similar when you return or if your plans abroad don’t go as expected.
2. Think beyond relocation costs.
Relocating is not just about flight tickets and visas; there’s rent, health insurance, job search expenses, and adapting to a new cost of living. Selling your property might give you the initial boost, but once the money finishes, what safety net will remain?
3. Explore other funding options.
Before you sell, ask: Can you rent out your property instead? That way, you can earn steady income while still keeping ownership. Alternatively, you could explore part-financing through personal savings, asset leasing, or even temporary loans if your relocation plans are firm.
4. Reflect on your motives and timing.
Is this move based on clear goals such as career growth, education, or family stability or simply frustration with the system? Relocation can be fulfilling, but it’s not an instant escape from life’s pressures.
5. Leave room for the future.
You never know where life may take you. Owning a piece of home gives you options and security; something many people abroad later wish they had preserved.
In short, don’t rush. Think strategically. If you must sell, ensure it’s part of a well-thought-out plan, not a reaction to temporary discomfort.
Sometimes the wisest move is not to “japa at all costs,” but to plan your escape with your future self in mind.
Warmly,
Dorothy