DrDoc:
Unless you have excess, it is better to expand income generating systems. I.e build more businesses than build a house that doesnt generate or create substantial wealth on time

Sillymoderators:

Simple question you dey talk jargons. Person no go build where him go live again? Everything na business?

DrDoc:
Unless you have excess, it is better to expand income generating systems. I.e build more businesses than build a house that doesnt generate or create substantial wealth on time

lanre316:


See upside down reasoning. Nawao.

Everything in life should not be business business business. After making your money, won't you enjoy your money or are you just working for another person to enjoy your money?

CapitalBank:
I know things are expensive due to economic trajectory of the country.

Can 25M build a contemporary 4 bedroom bungalow in today's economy in Nigeria with standard finishing?

File Photo for illustration

thelegend1:


Of course it can. Change suppose remain.
I'm an Architect in case you require professional services.

Akinowon123:
Send in your drawings, let me prepare a comprehensive material schedule for you. The size of the building and specifications will determine if it will be enough or not.
But I did one recently and it was around that amount

AsomStructures:


18M will build you a standard 4bedroom bungalow...

Gabrokpara001:


BUNGALOW yes. DUPLEX no.

Ezmans:
yes it will, but make sure you buy all the materials by your self & let the materials be ready before the work starts so that your next purchase will be roofing materials

123readygo:
Yes. And you will be left with change sef

Cashio:

His cohort. Indirectly trying to convince OP or any other fool to invest in this shit and next thing op don lose him 20m.

Feldie:
do you have design for 3 bedroom Bungalow?
No anteroom, just parlor and 3 rooms. Each room with its own toilet

thelegend1:


Yes.
Dm

Nice2023:



It will,with little additional expenditures.

CapitalBank:


Thanks a lot for this advice. It’s highly appreciated.

erico2k2:

Depends on Location and taste

kkonsults:


Yes 25m will build a very nice bungalow.

You can contact me for your Architectural Designs

Regards.

SMARTMOTORS:
You need approximately N18.6million to complete that house

Btruth:
give your details please. And can you supervise it too?

KosiGee:


Pls can you give an estimate of a 5 bedroom duplex all rooms en-suite….from the foundation, roofing, electricity and plumbing all done….Land is already available.

anataala:
Capital no even the foundation can finish that money

KosiGee:


Pls can you give an estimate of a 5 bedroom duplex all rooms en-suite….from the foundation, roofing, electricity and plumbing all done….Land is already available.

ellizy:

It should
I'm professional electrical engineer, I can handle the electrical aspect of your house properly
8 842 5917
=0

Benoti:




Yes. If you have land on ground. Which location are we looking at you. In a place like Benin city, it will go far with professional hand managing the project.
You can reach us at panuhubservice@gmail.com for more insight on your estimate and design.

Casham:
Depends on the Location. In Abuja, NO! In Kaduna Suburbs; YES!

Emma09:
E go remain sef. 25M wey some people dey take JAPA wey sometimes no dey too sure. I would rather use am build house here first before thinking of JAPA.

Emusan:


As a Building Engineer, one can't just conclude on that amount because it depends on many factors:

1. Dimensions of the rooms
2. Nature of the soil area
3. Foundation type i.e Strip foundation is an ideal for bungalow but in some special case where the soil capacity is too low, raft foundation is chosen.
4. Construction methodology.
5.. Specific finishing i.e fully furnished, choice of WC, shower e.t.c

But if above factors can be checked against normal standard, yes ₦25M is more than enough to complete that structure.

Dennisochampa:
....
A house is an asset....
A business isn't guaranteed profits...
There is always risks involved...
If I had 25m,i would build a house with it, give some parts of it out as rent, then in a few years, gather those rent and start a business.....

Impactors27:
I am a civil engineer incase you need a service of an engineer

Ashirioluwa:


Yes, but look for time to get the materials by yourself and monitor your project. Nigerian contractors are not trustworthy when it comes to money.

Efewestern:


Only few people will understand you. If you have ever involved in a house project, you'd know how capital intensive it's. But then again, it's a long term plan. Something to fall back to.

If I'm op. I will split the 20 million. Use 10 to get a perfect structure like he submitted.

bravehost4u:


1 trip of sharp sand #40k
1 bag of Supaset Cement #5,450
1 trip of stone (magi) #80k
6 solid and 9 hole block same price @ #400/block
5 solid and 6 hole block same price @ #330/block
12 mm rod #4500
10 mm rod #3700

25m is a lot of money, just follow the process and be smart with job pricing/costing

femi4:
Location matters. In some area ...Na only land that money fit buy

Authur729:
I dey build already my 3 bedroom and 2 self contained only the parafhet and gerrif roofing 10m gone first

ufotunang:
No it cannot build that house including with furnishings... building materials are expensive nowadays..at least 45 million can build with furnishings

Babaken:
please can you share the full plan

Rejouir:
It can't, furnituring(interior designing) to a premium taste is the beauty of a home.

drtwist:

Four bedroom apartment is likely 10m by 23m which will cost you close to 40million at least to build with standard material, then if you are in places like warri, porthacourt, Lagos you should be budgeting 45m .

Don't listen to those people telling you 25m will do the job o. It's either they are not akin to reality or they intended to build quack

Authur729:
am building 3 bedroom and 2 self contained

Authur729:
noon things cost more than that oooo I buy just now for my parafhet and leantter

cedricksly:
I dey always believe your estimate... When I enter the country, we get better deal.

Ikinternational:
Rule #1

Don't take advice or listen to people that never even bought land .

You want to know about costs? Do your best to talk to someone that recently built something similar.

In this day n age, the information is out there. Just keep researching. Even Google sef will assist based on your pattern of searches

Even Engineers dey paint rosy pictures.

Kavod:

NOR LET THEM DECIEVE YOU TOO MODERN FOR 25M... ITS WHEN YOU GET TO THE ROOFING LEVEL, THAT'S WHEN YOU HAVE REALLY BEGUN. MATERIALS ARE JUST TOO EXPENSIVE THE POP ALONE WOULD TAKE 5-7M IF DONE PROPERLY. IF NOT WHEN RAIN FALLS EVERYTHING WOULD TURN TO SHIT AND NOT PADDED WELL THE NOISE FROM THE RAINFALL AND VARIOUS LEAKAGES WOULD FRUSTRATE YOU. 40M STANDARD BUNGALOW

Duru009:
Supervise the work yourself directly with the builder and use direct labour.....

You will build it with even change remaining....

cezarman:
Oga just go ahead and build/buy your house oh!
Don't mind all those fake unwanted financial and investment advisors (even their family and friends go don tire for them)

You can never regret owning a house.

cybergawd:
Of course, even with a bedroom penthouse

Royalexquisuite:
Yes it will, am a Quantity Surveyor ...check my dm to help you do the material breakdown (BOQ).
This will guide on the material you needed to buy for the construction.

ChikezieU:
it will comfortably build it..cost of land not included though

Krucifax:


Worst advice ever!!! Home ownership if used wisely is the very foundation of wealth creation. This has been the case since forever.

1. The house means he never needs to worry about rent again and can save money
2. The house can serve as collateral for a loan that can be used for business.
3. The house is simply a conversion of the N25million to another form the N25 Million is still there.
4. The house can appreciate and be sold for profit giving him N25Million plus more millions.
5. If he decide to relocate the house can be put for rent or airbnb generating steady income.
6. His children can inherit the house when he dies and can do all the above again.
7. Nothing stops him from doing other business after building his house.
8. All the wealthiest families in history have their wealth tied to property at the very basic form.
9. Every business eventually comes to an end. Every trend eventually fades.Property is the one asset class that has stood for generations.

panicacid:


Pls chairman I sent you a mail, please reply

DrDoc:



Didnt i speak lightly. Did i enforce anything? Is it a sin or crime to make a suggestive statement. ? Better stay away from me.

DrDoc:



It was just an innocent comment o. I mever said be was a full for building a house or said i was better than him o

DrDoc:



So an innocent statement is now a crime. Did my manner of speaking appear forceful ? Go and read again since you lack understanding skills

lanre316:


Your statement is far from innocent. It's actually stupid. You are free to talk your stupid talks to your WhatsApp friends, no issues. However, stupid statements on a public forum are called out for what they are. It's nothing personal.

membranus:


I missed it too, and I am regretting it.

membranus:


I missed it too, and I am regretting it.

DrDoc:



I am using my money for my own business. I dont think i recall saying that 250k is good to setup a biz. I earn in seven digits monthly. I dey use my salary build my business. No investors wanted, please what have i done wrong in this ? Cant one gist on social media in peace

naijapips04:

The best thing I've read this year. Aside status, owning a house is not a good investment. For a struggling guy, grow the shit out of that 25m. 25m in a good business should give us at least 70m in a year. Rent and grow this. In , 4 years, use the residual income to buy a house. Don't go and dump all your life savings in a house.

DrDoc:
Unless you have excess, it is better to expand income generating systems. I.e build more businesses than build a house that doesnt generate or create substantial wealth on time

gidjah:
Bro no vex sir,BIKO no vex again, can this slide ?

naijapips04:


The best thing I've read this year. Aside status, owning a house is not a good investment. For a struggling guy, grow the shit out of that 25m. 25m in a good business should give us at least 70m in a year. Rent and grow this. In , 4 years, use the residual income to buy a house. Don't go and dump all your life savings in a house.

DrDoc:



20m used to be a big deal to me. But not anymore, i dont need investor. I dont need your contribution. I dont need your validation or opinion.

DrDoc:



Theb you dont know business. I cam grow 25M and make atleast 200M annually. I am doing this at the moment. Infact been sleeping at the favtory since October and not leaving until November 2024.

DrDoc:


It is you to determine the innocency of my statement. You a a big full
fool
I can see your brain is upside down. Since your idea is me wanting to pull him to chat please tell me my whatsapp number you nusiance.

Procashtips:


You know you're lying when you said you can make ₦200m annual with ₦25m cap right?


A real business person knows you just lied.

fkj950ax:




Assumption is the lowest form of intelligence.
How do you both know he hasn't been expanding on income generating systems and built more businesses for the past 30 years?
How do you know he hasn't grown the shit out of the 25m in good busineses that generated him 70m in a year for the past 30 years?
And what is the point of doing what you both advise him to do and only use the residual income to buy a house (which is what he is doing right now)?

Ikinternational:



Guy ..... nobody is dming you. If you have something tangible to contribute.... CONTRIBUTE.
N drop your contact info . SIMPLE

Some white people call it Advertisement

Mcslize:


What line of business are you into? If you don't mind sharing.

Btruth:
give your details please. And can you supervise it too?

Procashtips:


You know you're lying when you said you can make ₦200m annually with ₦25m cap right?


A real business person knows you just lied.