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Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties (2) - Nairaland

Nairaland Forum / Nairaland / General / Properties / Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (32586 Views)

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Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by westlius(m): 7:45pm On Jan 02
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

3 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by KIDfurniture(m): 7:46pm On Jan 02
This one knows nothing about building. Lol



kings59:
15 Million will do that perfectly well.

3 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by lanre80(m): 7:46pm On Jan 02
highchief1:
stop replying tenants

What a perfect answer.

If you have not been there, you can never know

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Femabol01: 7:47pm On Jan 02
VaginaAcademic:
Please I need serious advice and breakdown
You can contact me for professional advice. Get your architectural drawings and forward to me so that I can produce a workable Bill of Quantities for you. I just completed a standard 3 bedroom bungalow, 3KVA inverter, car park, security house, 15kva generator, fencing, borehole, landscaping and furnishing with about 80 million. Let's work according to your budget. Kindly avoid guess work.

3 Likes 1 Share

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by thatigboman: 7:47pm On Jan 02
post=133552450:
@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.
MANNABBQGRILS's
are u the op?
The topic is rocket science? Yours is to only to comment on the topic, if you know anything about yourself, not to act to lord and saviour on something that doesn't concern you

4 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by DuttyChuks: 7:48pm On Jan 02
post=133552450:
@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.
As per say na your papa get nairaland

3 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Yvngex(m): 7:48pm On Jan 02
VaginaAcademic:
Please I need serious advice and breakdown

Please someone like my comment so I can always come back here to get updates on the posts.

3 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by motta(m): 7:48pm On Jan 02
kings59:
15 Million will do that perfectly well.
where you dey ? Only lintel self na 5m not to talk of roofing , we never even talk of setting of blocks , finishing never even dey .

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Jorussia(m): 7:48pm On Jan 02
highchief1:
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
If land is available.50m will deliver very standard 3 bedroom bungalow.The most expensive thing there is the roofing.He even said 3 bedroom self.I did estimate recently for a basic standard 3 bedrooms 2 flats and it was around #35m.

5 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ChikezieU(m): 7:48pm On Jan 02
kings59:
15 Million will do that perfectly well.
please stop saying what you don't know or rather what is unrealistic

3 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by latiephwald(m): 7:48pm On Jan 02
kings59:
15 Million will do that perfectly well.
Na kid dey talk

3 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by decatalyst(m): 7:48pm On Jan 02
Forumites:
if land is available…. Why not?

Possible about 2yrs ago bro.

To electrify a 3bed, with good material, it will cost you nothing less than 2m. I am saying because I have been there.

A block is now btw 650-850...something of less than #200 2yrs ago.

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by DarlingtonC: 7:50pm On Jan 02
A lot of expenses here can be reduced by 50 percent
Ynix:

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







14 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 7:51pm On Jan 02
highchief1:
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
I have currently spent more than 30m in my new 4 bedroom bungalow, and it seems I'm just starting 😭

5 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Father4all: 7:52pm On Jan 02
If you are wise 10 millions will do it after getting land

3 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by HitRun(m): 7:53pm On Jan 02
Forumites:
if land is available…. Why not?
Because cost of materials have skyrocketed. That is why.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by decatalyst(m): 7:53pm On Jan 02
Forumites:
if land is available…. Why not?

Why not?

Cost ni.

Check price of building materials in the market
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 7:53pm On Jan 02
DarlingtonC:
A lot of expenses here can be reduced by 50 percent
My brother, if you haven't, please try and start a building project. You will come back here and change this stance of yours.
Even 60m excluding land won't build it

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ChikezieU(m): 7:53pm On Jan 02
VaginaAcademic:
Please I need serious advice and breakdown
it depends on the quality of the finishes/installation...we can produce a bill for you and drawings(if you don't have drawings already) with a professional input to what you actually want to achieve a realistic solution
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Bluffly: 7:53pm On Jan 02
Very well. Your aesthetics is also a determinant
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Ganjafama(m): 7:53pm On Jan 02
Sugarboyy:
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.
Plastering
Artwork
POP
Tiles
Borehole (tank, tank stand)
Piping
Plumbing
Furniture
Soakaways
Screeding
Painting
Burglary
Gate
Flooring
Power
Plumbing items,
etc

My brother, 50m won't build it.
You should be looking at 65-70m.
You added screeding/painting and furniture. You can choose to paint without screeding. Also, I think you should omit furniture for the meantime.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by OBA117(m): 7:54pm On Jan 02
That amount will buy you a good house in Lagos mainland. Most especially in Ikorodu.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Jorussia(m): 7:55pm On Jan 02
motta:
where you dey ? Only lintel self na 5m not to talk of roofing , we never even talk of setting of blocks , finishing never even dey .
parraflex and roofing go chop reach #15m.If u get land and give me 35m I go deliver a very standard 3 bedroom bungalow.P.O.P and art work,#2.2m go do am.
3500 blocks go build 3 bedroom bungalow.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Yemade029: 7:55pm On Jan 02
DarlingtonC:
A lot of expenses here can be reduced by 50 percent

Exactly, cause I dont understand how you will pay labour 2m, just for foundation work alone

7 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ElevationD: 7:55pm On Jan 02
harqinhola:
Yes, it can.


With plenty of change if on very good soil.
Use that for a four bedroom duplex instead.

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 7:56pm On Jan 02
DarlingtonC:
A lot of expenses here can be reduced by 50 percent

You are right. The labor cost in most of the estimated quote is too high.

Imagine digging just foundation of a 3 bedroom for #700k . Who does that?

6 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Gaskiya77: 7:56pm On Jan 02
Come to my village and build.it is far cheaper
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 7:56pm On Jan 02
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
45 blocks for a bag of cement is not advisable.
It should be 35 or highest 40 blocks

3 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by thatigboman: 7:56pm On Jan 02
DuttyChuks:
As per say na your papa get nairaland
he feels like lord and master of nairaland because no one can quote him by his username. As I quote, check you will see that your username appears in my post but once you quote him or write his name in your post yhe name disappears. So as they are they are treating like their lord and master, he can say any derogatory thing to anyone and nothing will happen.
He has a 2nd username NLPolicewoman that will come for you if you quote him and tell him the truth too.

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by NLPoliceWoman: 7:56pm On Jan 02
Didijiji:
Builders like your Buhari was building Nigeria
If you escape judgement your generation will not
Mynd44 Dominique Justwise.
Rule 1.
Rule 2.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by liver123(m): 7:57pm On Jan 02
Yes it can, give me the project let me handle it for as an engineer.

1 Like 1 Share

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by NLPoliceWoman: 7:57pm On Jan 02
BABANGBALI:
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.
Mynd44 Dominique Justwise.
Rule 1.

1 Like 1 Share

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