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Discuss Anything Property And Lets Make Money In The Process / Residential Building Construction Mistakes In Nigeria You Need To Avoid / General Topic Thread - The Roforofo Thread Of Construction Activities (2) (3) (4)
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 10:16pm On Apr 29, 2021 |
Jasobry: Baba Egunmogaji2, comman carry your pipu o. Which one is tribal again tonight? I’m worn out already o 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Jasobry: 10:17pm On Apr 29, 2021 |
n3xt: 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 10:23pm On Apr 29, 2021 |
n3xt: @hamtabfawaz You want to know why? No builder has x-ray vision. The scope of work must be well defined and agreed by both party (client and contractor) involved. You don’t want to inherit another man’s wahala. 1 Like 2 Shares |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by diordaves(m): 10:30pm On Apr 29, 2021 |
somehow: I think I should understand deeply the meaning of investment or at least I console myself that I do. I'm a trained economist and a business consultant by trade. I think you are confusing an asset with an investment. If you bought a car to commute to work and for family need, it is an investment but not an asset because the car will take money away from you and depreciate in value though you bought it cash. If you bought a car for Uber, but you bought it by hire purchase, even though you are earning money from it, if your earnings are not higher than your hire purchase and running cost, it is an investment but not an asset. Anything you put money into is an investment but is it an asset? That is the million dollar question. 5 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by coldcandy: 10:54pm On Apr 29, 2021 |
somehow: These your statements are somehow. 2nd paragraph contradicts the 1st. A roof over your head is an investment in real estate sir. 3 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Ibk2020: 11:02pm On Apr 29, 2021 |
pls can someone recommend best type of wire brand? someone recommend that I use Nigeria product throughout, but didn't mention the brand name |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by twinskenny(m): 11:05pm On Apr 29, 2021 |
Ibk2020: What part of the country are you? Coleman is one of the best I know |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:07pm On Apr 29, 2021 |
somehow: For me o... A house is not an investment if you do not plan to sell it. The running costs of a house are too high for it to be classified as an investment. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by coldcandy: 11:10pm On Apr 29, 2021 |
n3xt: Anyone who buys d patterned tiles should be prepared for the extra 50 sqm (except he doesn't know what he bought ). That's why we have mono coloured tiles. I always say- a roof is not just a cover! 5 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by coldcandy: 11:20pm On Apr 29, 2021 |
hslbroker2: Lol... Oga de fear say him parole don cast! No worry sir. Some people likes disorganised organisation. Nothing do your job! 6 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Engrjamjam: 11:53pm On Apr 29, 2021 |
[s] EgunMogaji2:[/s]Trash |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Dennis3D(m): 2:41am On Apr 30, 2021 |
Need A Design. We are excellent at space management. Would you believe this semi Detached is on one plot with BQ Detached? Well that's why we exceed expectations. 1 Like
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 5:07am On Apr 30, 2021 |
Dennis3D: Great space management. I’ve only been able to tuck a 4 bed semi-detached duplex with an attached BQ and a courtyard into a 588sqm parcel of land. All statutory setback/limits met. 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by DFAMEGUY11S(m): 5:09am On Apr 30, 2021 |
https://www.nairaland.com/5349288/pick-floor-wall-tiles-here https://www.nairaland.com/5349336/executive-toilet-seat-showroom-close https://www.nairaland.com/5354311/flooring-house-pvc-water-fire/4
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by DUNKA(m): 5:13am On Apr 30, 2021 |
n3xt:Bosun You do not seem to be a fan of external wall tiles or burnt bricks in your builds. I don't think I can recall any of your builds or designs that incorporated tiles. Just curious if there is Any particular reason for that? 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 6:16am On Apr 30, 2021 |
DUNKA: There’s plan for burnt brick tiles on XL6 Trillion | Atrium House. Used sparingly to create accent. I’m considering Farad Contractors for this. Then there’s stonewall tiles on Chateau de Brabus. I have over 70sqm installed. The only issue I have with external tiles is there are too many fake (lookalikes) in the market and I’m really not for cheap stuffs. Most of these importers knew we love cheap so they always give us a knockoff version of the original stuffs (door, tiles, toilet fittings/fixtures, lights fixtures, even door locks etc) which is not really my thing. Tiles seller on the forum can compare what most dealers offer as stonewall tiles with what I used on my build below. _______ I still have some offcuts for those who want to know the difference between original and knockoffs.
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by hslbroker2(m): 6:19am On Apr 30, 2021 |
pussiboner:because it was carefully done, and we applied sealant to all the places that are necessary |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Jasobry: 6:21am On Apr 30, 2021 |
n3xt: No comment yet.. hibernating mode |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 6:24am On Apr 30, 2021 |
Another Steel Roof Loading >>> FLAT XL6 Trillion | Atrium House
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 6:30am On Apr 30, 2021 |
Typical knockoff tiles
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 6:43am On Apr 30, 2021 |
n3xt: Simple. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 6:44am On Apr 30, 2021 |
coldcandy: Real estate and owing a home for the purpose of living therein aren't the same. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by chidi4eze(m): 6:44am On Apr 30, 2021 |
Please, I would like to get the quotation for these window measurements ( casement ). 1500 x1200mm 3panels=1 1200x1200mm 2panels =6 900x1400mm 2panels=9 600x700mm 1panel=5 Sliding 650x700mm 2panels=1 My location is Port Harcourt. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 6:49am On Apr 30, 2021 |
diordaves: A car is an asset irrespective of what you're using it for. The car (asset) now becomes an investment if you start using it to make money directly either by putting it on a lease, rental, HP or as a taxi. (This is rather very easy to understand) Sir, I think at this point, alot of us are just trying to win an argument by making a simple issue complex. I decided not to tell anyone my profession and what I majored in for a reason. Once someone tells me he or she is a pastor in the middle of a deal or discussion, I just back down because I know the person is trying to manipulate the outcome. You're not the only economist and business administrator here sir. (I mean no harm). I choose not to say further on this. A Google research should explain most of what we have been discussing since evening. I rest my case. Note : A car you bought on credit is neither an asset nor investment, it's straight down debt. 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 7:35am On Apr 30, 2021 |
somehow: I can relate. A man sold his house for N150m in 2014. Gave about N24m to his wife. Bought exotic cars. Bought 800sqm land to build 2 detached duplex with a plan to live in one and to sell the other. The wife secretly engaged me to build a 3 unit terrace building at the same time. Within 5 months, the man ran out of funds and we completed the wife’s terrace flats. Within 7 years, the wife has made over 60 million naira from her investment while the husband’s project is still in abandoned state. He cannot finish it neither can he sell because that means he won’t have a house to his name again. While living in a rented house in Chevron, Lagos the wife was making money from her investment a few kilometer away while the husband is hoping to compete a superfluous house he can move into maybe one day. While inflation hit hard, the wife is making more profit while the husband is being weighed down by the increasing cost-to-own a house. If both of them decide to sell tomorrow, the wife will be making more money than the husband. A house is not an investment if you’re not planning to sell or rent out. _______ Lest I forget, please note building terraces is cheaper than detached houses but its ROI is higher and the occupancy rate is 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 7:55am On Apr 30, 2021 |
A village house is not an investment. It’s just a status symbol. The same amount spent could actually give you something with higher returns when the location is right. __________ The last time I check the price of clement in Banana Island and Erunmu village is the same. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by uncleteeh(m): 8:30am On Apr 30, 2021 |
A residential apartment that serves as one's habitat cannot be considered as an investment. One even gets to spend more money maintaining it while one lives in it. A Yoruba adage says "owó ta kí kò ilé kòtò èyí tí a fi ń wo" Money spent on erecting a structure isn't up to that used to maintain it. 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Jasobry: 8:37am On Apr 30, 2021 |
Apt 1 Like
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 9:00am On Apr 30, 2021 |
Jasobry: Yes! Just show the water where you want it to go. I had a flat roof on my generator/gatehouse house and for a decade I’ve never had to do any repairs. No additives. No felt. No special tiles. Just a slab with a gentle slope. _____ Another good thing is the designof the gatehouse, I didn’t do an enclosed wall design so as not to trap moisture/heat under the slab. It was intentionally made an open design using slat. So when I’m putting large windows/openings in my designs, please don’t fret it’s there for a purpose. The forces we fight against no get mouth #designthatwork 2 Likes
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by KolaShangOne(m): 9:27am On Apr 30, 2021 |
Rather than criticize the man that talked about the alignment of patterns on shingle roofs, why not take it as a constructive criticism and align patterns on your next roof? As a builder / Engineer , one cannot know everything. Construction cum Interior design is soooo broad and keeps evolving everyday. 5 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by sgtponzihater1(m): 9:47am On Apr 30, 2021 |
n3xt: Saved. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by diordaves(m): 10:22am On Apr 30, 2021 |
somehow: I've gone to read back my take, I no see where I tell you say I be pastor or na me be the only economist or business administrator. I no tell you that one. Who dey manipulate debate now? You said if I "deeply understand" and do "research" I will understand what investment means. Abi no be so you tell me? So in reaction to that, I now respond to say I should know because I am trained in the field. I no tell you say I be pastor. Now you and this google research sef. Well I don hear, so I have "googled" to wikipedia and below in italics is wikipedia take on INVESTMENT: Investment To invest is to allocate money with the expectation of a positive benefit/return in the future. In other words, to invest means owning an asset or an item with the goal of generating income from the investment or the appreciation of your investment which is an increase in the value of the asset over a period of time. Wikipedia From the above definition, an investment is allocate money with the expectation of a positive benefit/return in the future or the appreciation of the ASSET over a period of time. It is not only pecuniary. Now look at the above definition/conceptualization and ask yourself: Does my personal house (forever home) fall into the above definition. If no, then your house is not an investment. Na liability. In other words, na white elephant project. Since you know say no be investment, why you build am? With this question, I can now argue that you build your house because you lack financial sense. All Nigerians up and down the country that are fighting tooth and nail to put a roof over their heads no get sense, because those houses no be investment. The maintenance too much. In fact the maintenance is so great that it will ruin and kill them. F o olish Nigerians. My friend, investment in a property is not only allocation of money to yield money, it also includes to yield benefits like a roof over your head, your pension pot, your retirement years when you are old and gray, the security of your family from the vagaries of nature, and indeed to internalize the benefit of rent payment and for the asset to grow over time. If you send your kids (for example) abroad to access quality education and result in paying school fees through your nose; is that an investment? To you, that is not an investment as you will not sell your kids in the future (hopefully) and you are not collecting rent money from them. But to me, that is an investment in my kids' future. However, the way things are going, I'm not sure if I will not sell them in the future. Dangote cement don hit 4k. My eye dey red now for money. At this stage, I go do like you: I rest my case. 3 Likes |
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