Vl3ly:
you funny sha
All the sliding you listed will not 300k because I just did my own
That mean the tiles and the roofing sheet wey no reach #20k will roughly cost you 1m?
Mr man this lie is too big

colintin:
It's feasible with interlock bricks. A brick cost #100. It's strong, durable, aesthetically appealing and cheap. It requires no mortar for joining. With this bricks, it's very possible sir.

Vl3ly:
Ok

gistray:
You love this

whiteboyswag:
And this is my end product

Ajiswaggs:
Apart from land, the 3m can get the building to linted phase. It's better you start building now cuz cost of house rent keep increasing every year, atleast if you are able to do roofing. Then you can rough the rest finish to your taste.... It's better than dashing landlord money every year without no plan for your self

9jaNoBeLagos:


I am talking about this one.

seanwilliam:


Honestly speaking , without steady flow of income or amount that can take the building to habitable level, I won’t advice anyone to embark on it.


Also as a young guy , I think it’s much more better to build for rental first. Cos at some point if you build for personal use, especially when the area is not your taste or developed , you’ll be feeling somehow .

I started a personal project sometimes ago, I didn’t really make enough research then due to me not having enough money, along the line I made more money , I pumped it to the project , now the project has reached 80% completion and I don’t really like the place again. I’m looking out to convert it to rental property ( I’m not sure if it will generate much cos it’s a developing area, the project looks odd there self) or make I give my parents if I make enough money.

If one doesn’t have enough money to go for what he deeply wants , he should keep investing the money on something else not just settling for less just to feel among.
The point is, it’s better to have steady flow of income or enough money that will get you what you really really desire…
In his case, he should keep on buying lands, a time will come when selling a portion of the land self might get him a nice house.
Even if they sell cement 10k per bag, provided you have correct steady income, u no go feel am.
My orientation change recently .

But if he’s a family man , well , he can settle for anything. .
u get my point bro?

lavylilly:
What kind of house can I build with 3m

Wannabenz:
You can build a bungalow for Village with it.

No reason wetin Dem dey tell you here.

I built a duplex with a little over 10m(land money not included)

jamace:
Thank you sir.

Fheelzz:
Tbh 3 million won't go a long way in this era, but I can design a plan for you

Gospel2Day:


You're not dashing landlord money every year.
You're actually paying the landlord back the money he used to build the house you live in.
Are you also dashing pepper seller and meat seller money for the food you bought and eat?
Do you plan to have your own farm so you won't be dashing farm produce sellers your money?
People who really have money and plans don't rush to build one substandard house that their children will be ashamed to point to as their father's house.
If the OP invests 3 million naira in a good business, he will have double that money in three years.

lavylilly:
What kind of house can I build with 3m

maasoap:


I got it. My brother and I refused to settle for less, so we kept investing for the past few years. I'm married, he's not but we think alike. Unlike people around us who are competing among themselves for personal houses with the little incomes they generate and still mounting pressure on others to start too, citing cost of renting house as reason to have one's house as soon as possible. Paying 200k yearly as house rent is not too much in my own opinion as long as one is making enough income yearly. Most especially when your house rent is just a fraction of your monthly income
This year, I'm starting my house project. But just like you said, I don't like the area of my existing plots of land which I bought back in 2015, so I'm now looking for new plot(s) in area of my choice. That's now my starting point

seanwilliam:

May God bless you abundantly .
Most people don’t know this.

I have made a lots of financial mistakes but I’m glad it’s not too late. Honestly speaking , the money I pumped to the project, if I had invested it on more landed properties, in ten years , I’ll be multi-million .

Shey you now know the funnest part??

Days ago I was searching for ‘house for sales near me’ on google and I was stunned by what I saw .

Do you know some people especially those that want to travel out are selling their properties at a give a way price , standard bungalows and duplexes in a very developed neighborhood going for 15m to 40m respectively( same neigborhood where a plot goes for like 8-10m ) u grab the jerk now?. If one’s investment on landed properties in a viable area yield, no be to just sell two or three plots and buy such distressed properties with little to no repair? Just google ‘house for sales near me ‘ and you’ll understand what I meant.

See what I realize now is that, having money and knowing how/what to invest on is quite different.

A smart person will turn 3m into business empire with the right investment, whereas an over calculative person will spend the money on something that doesn’t worth it at the end.

Paying 200k or more as house rent is not bad atall provided your 2-3 months of income can cover it.

Most people build house just for the title of landlord( something wey their power never reach) , or because they don’t want to pay rent anymore, it’s good , but it’s pretty useless if you don’t have steady flow of income or earning from it…
I know investment is risky too, but I’m willing to take the risk now! .. I won’t make the mistake again.

colintin:
It's feasible with interlock bricks. A brick cost #100. It's strong, durable, aesthetically appealing and cheap. It requires no mortar for joining. With this bricks, it's very possible sir.

RavagedHeart:

Find this thread and contact the op. He did a fine house with 3m middle of last year. But it's not decking o

https://www.nairaland.com/7278201/building-mini-flat-bungalow-3million

Frezhkid10:
..no mortar for joining...how e go take stand??

proclinician:
You can build house on the rock.

Officialgarri:
For the sake of this thread, I will do a sample building and let's see how much it will cost ... But I believe #3m will build a reasonable house .

I'll also create a cost Microsoft excel sheet that everyone can access and see how possible a low-cost but design-wise building can go .

Soon ....

Wsx2:


Dear Many of these tenants that disrespect landlords doesn’t even know that it will take over 20years for a landlord to recover the actual amount spent on a property not to talk of profiting. It might take additional 3 years more for the landlord to start profiting from the house which is 23years plus. The reason is the landlord will keep spending money on the house due to damages done by tenants and also additional community development fee and unforeseen circumstances such as transformer repair new purchase road fixing among others. The landlord may not even be alive anymore to reap those labour

Respect your landlord because you will get there one day