How Land-Pool Works: A Step-by-Step Guide to Fractional Land Ownership

Everywhere, especially in our cities, homeownership gets out of reach because of skyrocketing land prices. In Lagos, for example, land makes up 40% (or more) of the total housing cost. This is why the huge upfront deposits developers demand have become unavoidable.

Consequently, the middle class has been locked out of the market, leaving them stuck in rent cycles.

Land-Pool flips this system, and instead of buying a finished home at inflated costs, you start by owning the land that the building would sit on (no matter its size), shared with a few others, and then gradually build your home on your terms.

Here’s a detailed look at how the process works:
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The Traditional Model vs. Land-Pool

• Traditional Terrace Model:
  Developers acquire land, build terrace houses (row houses), and sell each unit for a price that covers land, construction, overhead, and profit markup. Buyers pay (often heavily) for the finished product, but not just for the house, but also for the developer’s premiums/profit.
  
  
• Land-Pool Model:
  Buyers skip the developer entirely. They collectively acquire the land, split the cost, and then share the expenses for approvals and infrastructure. Each person then builds their own house individually.
  The result is you pay only for what you need, avoid markups, and keep control of your timeline and design.

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The Land-Pool Process Step-by-Step

Stage 1: Land Purchase

• Land is sourced from original landowners, real estate companies, or vetted intermediaries.
• Instead of one person paying ₦200m for a parcel, 4–6 co-owners split the land price.
• Example: ₦200m land split 5 ways = ₦40m each.

Your Role: Pay your fractional land share upfront.
Output: Each co-owner receives clear title documentation for their share.

Stage 2: Design & Approvals

• Architectural drawings, building permits, and planning approvals are prepared collectively.
• Since approvals apply to the entire parcel, costs are split equally.

Your Role: Participate in collective decisions.
Output: Shared approval costs to reduce individual financial burden.

Stage 3: Infrastructure Development

• Shared costs covering basic amenities and site works, like:
  
  • Access road (where not available)
  • Waste disposal/drainage systems
  • Outdoor lighting/electric poles
  • Water boreholes or connections
  • Security gates and fencing
  • Compound paving (interlocking or concrete)

Your Role: Contribute your share of the infrastructure fund.
Output: A serviced plot, ready for you to start building.

Stage 4: Build Your Home (Individually)

• Once approvals and infrastructure are in place, each co-owner begins their personal build.
• Build at your own pace, budget, and design preference. You may start with a basic structure and expand over time (incremental housing).

Your Role: Hire your own contractor/architect or work with suggested professionals.
Output: A customised home, without developer-imposed timelines or unnecessary premiums.

Stage 5: Community Completion

• Final touches like compound paving, shared security systems, or waste collection facilities, andfacilities, government levies are finished collectively.
• These are again shared evenly among co-owners.

Your Role: Pay your proportional share.
Output: A completed, functional mini-community with shared infrastructure.

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Why Land-Pool Works
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• Affordability: Buy land in fractions, not full plots, making prime locations accessible.
• Cost Efficiency: Shared approvals and infrastructure slash individual expenses.
• Flexibility: Build in phases, on your own schedule, according to your income.
• Customisation: You control the design, materials, and finishes.
• Security of Ownership: Each buyer has title rights to their share, not just “use rights.”
• Community Advantage: Shared infrastructure means you enjoy collective benefits while still owning individually.
  
  

Cost Examples

Land                      Number of  (Splits)                           Individual
Value (₦m)                Co-owners                                   Share (₦m)

     200                          6                                                33
                                      5                                                40
                                      4                                                50

      50                            5                                                10
                                      4                                                12.25
                                      

      10                            5                                                2
                                      4                                                2.5

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Things to Know

• Legal Framework: Each co-owner is registered on the land title, ensuring proper ownership.
• Dispute Resolution: Agreements outline rights, responsibilities, and co-use rules (important to avoid conflicts).
• Construction: You choose your builder; Landpool may recommend vetted contractors, but you’re not bound.
• Scalability: Works best in urban and peri-urban areas where land is scarce but demand is high.
  
  

We already created a self-service portal where you can find, explore, and book co-owned plots of land in different locations and in different sizes. Check it out; you can start today.
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The Big Picture

Land-Pool is more than a model. It’s a shift in mindset from “waiting until I can afford ₦200m” to “starting with what I have now.” By pooling land costs, sharing approvals, and co-funding infrastructure, Land-Pool lowers the barriers to entry for homeownership while keeping you in full control of your build.

This model doesn’t just create homeowners. It creates community-driven neighbourhoods where people share resources, reduce costs, and own dignified homes in prime areas.

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