Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,227,673 members, 8,071,212 topics. Date: Wednesday, 05 February 2025 at 05:06 PM

Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties - Nairaland

Nairaland Forum / Nairaland / General / Properties / Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (32598 Views)

Can N30 Million Build A Business Complex? / Can 30 Million Build 6 Bedroom Duplex. / Will 5 Million Build Me A 3 Bedroom Bungalow? (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply) (Go Down)

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

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:
Please I need serious advice and breakdown

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:
15 Million will do that perfectly well.

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:
15 Million will do that perfectly well.
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:
You need 4,000 to 5000 blocks.
6 inches block
1 bag of cement gives you 45 blocks,
You need 112 bags to get 5,000 blocks
Finishing (interior) can be expensive or cheaper depending on your taste.
50 million will build 2 of these house minus land and get change is your finishing standard isn't too high
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 cool

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:
15 Million will do that perfectly well.
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:


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%.
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:


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%.
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:
15 Million will do that perfectly well.
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:
Please I need serious advice and breakdown
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:
you don't know what you are talking about
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, kindly let us know.
We are very interested in this.
Thank you.
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:
Builders, kindly let us know.
We are very interested in this.
Thank you.
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:
15 Million will do that perfectly well.

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:
Please I need serious advice and breakdown
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:
Please I need serious advice and breakdown
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:


Wake up

@op, if you already have a land. 50m should be enough.
it will
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Forkthiefnubu: 7:45pm On Jan 02
kings59:
15 Million will do that perfectly well.
No it won’t

5 Likes

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply)

BUY YOUR LAND//INVEST IN ILORIN, KWARA "STATE" OF HARMONY... / 2-storey Building Collapses In Ojuelegba, Lagos / Is Lagos Island Going Bananas?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2025 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.