With the surge in short term rentals and the ever-growing demand for quality housing in Lagos, property owners are turning old buildings into goldmines. Whether it’s a BQ in Yaba or a duplex in Surulere, a smart renovation can turn a tired structure into a profitable Airbnb or rental space.
Here’s how to renovate old Lagos properties with profitability and appeal in mind.
1. Start with a Structural Inspection
Before paint and Pinterest boards, get a professional structural assessment. Older buildings in Lagos may have:
- Cracked foundations
- Weak roofs
- Faulty plumbing or outdated electricals
Address these first to avoid future repair costs or tenant complaints.
2. Maximize Layout for Modern Living
Many old properties have cramped or awkward layouts. Open up spaces where possible:
- Knock down non load-bearing walls
- Convert unused dining areas to home offices or additional rooms
- Reconfigure kitchens for more space and natural flow
Tip: Open-plan living rooms are in high demand on Airbnb listings.
3. Focus on Kitchens and Bathrooms
These two areas sell the space. Modern travelers and tenants love clean, functional, and attractive designs.
For kitchens:
- Install modern cabinets and splashbacks
- Add countertops (quartz or polished concrete work great)
- Upgrade to energy efficient appliances
For bathrooms:
- Use stylish tiles and glass shower partitions
- Install water heaters and good water pressure systems
- Add modern lighting and mirrors
4. Prioritize Lighting and Ventilation
Many old Lagos houses have small windows and dull interiors. You want your rental to feel bright and airy.
- Enlarge windows if possible
- Paint walls in light colors like white, beige, or light grey
- Use LED bulbs and add ceiling lights, wall sconces, or pendant lights
Pro tip: Natural lighting + neutral colors = beautiful Airbnb photos.
5. Create Instagram Worthy Interiors
For Airbnb properties, aesthetics are everything. Invest in trendy but durable furnishings:
- Bold accent walls
- Nigerian art or locally made decor
- Minimalist yet cozy furniture
- Pops of color with throw pillows, rugs, and curtains
Don’t forget: Fast Wi-Fi, workspace, and Netflix-ready TVs are also selling points.
6. Add Smart Features
Appeal to digital nomads and millennials by offering:
- Keyless entry (smart locks or keypad doors)
- Security cameras and motion sensors
- Solar inverters or backup power
- Water storage and filtration systems
These improve comfort and reduce guest complaints.
7. Outdoor Spaces Add Value
A small backyard, rooftop terrace, or balcony can be a huge plus.
- Add potted plants and fairy lights
- Install outdoor seating or a hammock
- Create a BBQ or chill zone if space allows
Guests love hangout spots for photos and relaxation.
8. Don’t Forget the Legal Side
Make sure the property is properly registered and zoned for short-term rental. For long term rental, have standard tenancy agreements ready.
If listing on Airbnb, register with local authorities where applicable and stay updated with short let regulations in Lagos.
9. Market the Space Right
Once renovations are done:
- Hire a professional photographer
- Write a compelling listing (highlight proximity to attractions, safety, style)
- List on Airbnb, Booking.com, and social media platforms
Bonus: Offer extra services like airport pick-up or guided tours for additional income.
10. Keep Maintenance in Mind
Beautiful renovations will fall apart without proper upkeep. Create a maintenance schedule for plumbing, electricals, AC units, and deep cleaning.
Hire reliable cleaners and have a handyman on call to keep your property in top shape.
Conclusion
Renovating an old Lagos property is a smart move whether you’re targeting Airbnb guests or long term tenants. Focus on function, aesthetics, and convenience, and you’ll quickly turn that aging house into a high performing investment.
