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Nairaland Forum / Nairaland / General / Properties / Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (32598 Views)
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Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by VaginaAcademic: 11:12am On Jan 02 |
Please I need serious advice and breakdown 8 Likes 1 Share
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Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by harqinhola(m): 11:13am On Jan 02 |
Yes, it can. 67 Likes 4 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by kings59: 11:29am On Jan 02 |
15 Million will do that perfectly well. A man in my area used 12 million to build a good bungalow, more beautiful than the one OP attached to his photo. All those crazy people shouting 50M are thieves. Buy the materials yourself and don't allow the engineer to do it. I would have shown a photo, but the man wouldn't like to see his house online because he is a Military person. Make una just dey mumu for nairaland. Learn and stop arguing and quoting me. We are talking about Three bedrooms here and not 5 bedrooms. If a trip of sand is 180k, filling 3 rooms a parlor and a kitchen and bathrooms would take let's say 6 tippers of sand = 1.8 M Then the rods should take 2.5M for foundation. Casting it + cement + granite should be 4 M Blocks can be 800k The ceiling and roofing should be 2.5M since it's 3 bedroom Windows and doors should be 1.5M ( 3 doors 3 rooms, kitchen, and toilet and bathroom + entrance) making 6 doors= 600k windows and the rest 600k Workmanship 1.5M Is the building not set already? The OP never specifies internal decoration, just building. No wonder many people fail exams. 274 Likes 21 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Free2Fly: 12:21pm On Jan 02 |
VaginaAcademic: Most likely, if you buy materials yourself and monitor everything closely. 39 Likes 2 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by decatalyst(m): 1:40pm On Jan 02 |
kings59: 15million wetin? Is this some kind of a joke? I guess it's been long to price building materials. Excluding the land, the 15m will not take your standard 3bed room past 70%. 44 Likes 4 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Cashio(m): 5:49pm On Jan 02 |
kings59:you don't know what you are talking about 30 Likes 2 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by MANNABBQGRILLS: 7:38pm On Jan 02 |
Builders, kindly let us know. We are very interested in this. Thank you. westlius:Thanks so much for this. We will look into this too. 150 Likes 6 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by id4sho(m): 7:39pm On Jan 02 |
Yankee man asking 1 Like 1 Share |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by MANNABBQGRILLS: 7:39pm On Jan 02 |
@derailers, In advance, If you don't know about this topic, Please keep off and don't come waste the space professionals and sensible people will comment. We beg of you. Thanks in advance as well. 117 Likes 4 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by morikee: 7:39pm On Jan 02 |
Yeah, it can. |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 7:40pm On Jan 02 |
kings59:shut up tenant. 23 Likes |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by jman77(m): 7:40pm On Jan 02 |
50 milla go get you some change sef 15 Likes 1 Share |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Forumites: 7:40pm On Jan 02 |
decatalyst:if land is available…. Why not? 15 Likes 1 Share |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Softmirror: 7:40pm On Jan 02 |
The first picture is beautiful. 108 Likes 2 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 7:40pm On Jan 02 |
decatalyst:stop replying tenants 18 Likes 2 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by kkonsults: 7:40pm On Jan 02 |
POSSIBLE 3 Likes 1 Share |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by morikee: 7:40pm On Jan 02 |
kings59:Not even in the Village 8 Likes 1 Share |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by femi4: 7:40pm On Jan 02 |
VaginaAcademic:It should....to think 25M could achieve same result between 2022-2023 shows how terrible the economy is now 16 Likes 1 Share |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by cutecommend: 7:40pm On Jan 02 |
F |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 7:40pm On Jan 02 |
Cashio:stop replying someone living in his fathers house. 11 Likes 1 Share |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by smasher1(m): 7:41pm On Jan 02 |
Ok |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Didijiji: 7:41pm On Jan 02 |
MANNABBQGRILL.S:Builders like your Buhari was building Nigeria If you escape judgement your generation will not 40 Likes 4 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by BABANGBALI: 7:41pm On Jan 02 |
post=133552441:you wan leave your chicken business and go into real estate? E be like sey your support for Tinubu and Buhari don finally pay off. 14 Likes |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 7:41pm On Jan 02 |
Without the land, let me do a proper breakdown for you and allow you to decide yourself... This is from person experience. To DPC level, you are spending a minimum of 2m. To lintel level from DPC, you are spending another 2m minimum. Let's say 5m from scratch to Lintel level, excluding filling sand and workmanship. That parafet, I did mine that's an artwork parafet for 1.8m Woodwork and roofing currently for this sample you posted, you are spending atleast 10m. Window 🪟 Doors 🚪 Plastering Artwork POP Tiles Borehole (tank, tank stand) Piping Plumbing Furniture Soakaways Screeding Painting Burglary Gate Flooring Wiring Plumbing items, etc My brother, 50m won't build it. You should be looking at 65-70m. 21 Likes 5 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by suckprick: 7:42pm On Jan 02 |
kings59: Wake up @op, if you already have a land. 50m should be enough. 6 Likes |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 7:43pm On Jan 02 |
VaginaAcademic:50m won’t do it well with tasteful finishing.standard bungalow now is about .65m.duplex standard 180-200m.Note that 50m was building a duplex before the drug lord became a president 26 Likes 1 Share |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by MasterJayJay: 7:43pm On Jan 02 |
20 million naira can. 7 Likes |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ibechris(m): 7:44pm On Jan 02 |
U will have Ten million naira balance if u are there to inspect your project yourself. 16 Likes 2 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Ynix(m): 7:44pm On Jan 02 |
VaginaAcademic:Take a look at this 1. Site Clearing and Preparation Site Surveying and Mapping: ₦300,000 Site Clearing and Leveling: ₦500,000 Excavation for Foundation: ₦700,000 Sub-Total: ₦1,500,000 2. Foundation Stage Materials (Cement, Sand, Gravel, Steel): ₦3,500,000 Labor for Foundation Work: ₦2,000,000 Damp Proof Membrane and Blinding: ₦1,000,000 Sub-Total: ₦6,500,000 3. Structural Work Wall Construction (Blocks, Mortar, and Labor): ₦8,000,000 Reinforcement for Pillars and Lintels: ₦3,000,000 Sub-Total: ₦11,000,000 4. Roofing Roofing Materials (Wood, Zinc/Aluminum, Nails): ₦4,000,000 Roofing Labor: ₦1,000,000 Sub-Total: ₦5,000,000 5. Windows and Doors Aluminum/Steel Windows (Materials and Installation): ₦2,000,000 Doors (External and Internal): ₦2,500,000 Sub-Total: ₦4,500,000 6. Electrical and Plumbing Electrical Wiring and Fixtures: ₦2,000,000 Plumbing and Sanitary Fittings: ₦2,500,000 Sub-Total: ₦4,500,000 7. Interior Finishing Plastering and Screeding: ₦2,000,000 Painting (Interior and Exterior): ₦2,000,000 Tiling (Floor and Walls): ₦3,000,000 Ceiling Work (POP or PVC): ₦1,500,000 Sub-Total: ₦8,500,000 8. Exterior Finishing Paving/Compound Finishing: ₦3,000,000 Drainage and Fencing: ₦2,500,000 Sub-Total: ₦5,500,000 9. Contingency (5%) Unforeseen Expenses: ₦2,500,000 Grand Total: ₦50,000,000 Note: This costing is subject to reduction or addition based on inflation, market situation, quality of materials and type of expertise engaged 42 Likes 5 Shares |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by yusuf0876(m): 7:44pm On Jan 02 |
suckprick:it will |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Forkthiefnubu: 7:45pm On Jan 02 |
kings59:No it won’t 5 Likes |
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