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Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties (8) - Nairaland

Nairaland Forum / Nairaland / General / Properties / Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (32597 Views)

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Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 10:54pm On Jan 02
Sugarboyy:

😁😁😁😁
Make I just rest and use the money take do another thing
Thanks bro πŸ™

Compound interest on CD at 13% will double your capital in 4 years.
100m at that is 25m yearly cumulative.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by sprints1: 10:58pm 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%.
leave am e think say na fools dey here maybe they used regular aluminum roofing sheet dry use for outside toilet
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Rating(m): 10:59pm On Jan 02
kings59:
15 Million will do that perfectly well.

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.

Spot on assessment.

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Ex0rrcist: 11:02pm On Jan 02
Sugarboyy:

Na my kitchen pic you they save without my consent? 🀣
I was just using it for illustrations nih jare
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Tayorshd87(m): 11:03pm On Jan 02
post=133552441:
Builders, kindly let us know.
We are very interested in this.
Thank you.


Thanks so much for this.
We will look into this too.

Why don't you consider buying a new property already rather than building from scratch πŸ€”
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Forumites: 11:13pm On Jan 02
decatalyst:


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.
10k per bag will get you solid 35 to 40 blocks…. I built recently and 42m got me what I wanted. Including borehole and soak away…. 5m will get me a good solar system. Na so we see am anyway.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Factcheck0001: 11:16pm On Jan 02
seborrhic:
7
Infact,one dindirin will tell you 1b can only get the carcass of the bicycle without the tyre.
If ₦50m cant build a 3BR,why are some houses in Lekki still being quoted at that amount?
Even recently that guy in Delta State or so that killed his friend,threw him into a River and lied to the family that the murdered friend had been kidnapped and collected about ₦30m was found to have completed a duplex and bought other lands with that ₦30m.Did he build the duplex with sand?
don't mind all those idiots

Go to property section n see good houses for less than 20 million but our billionaire's here will tell us 200 million isn't enough to buy land

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by stagger: 11:21pm On Jan 02
kings59:
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.

No electricals, no plumbing, no tiling.

Surely you have not priced roofing sheets recently.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by stagger: 11:24pm On Jan 02
Tayorshd87:


Why don't you consider buying a new property already rather than building from scratch πŸ€”

Dangerous. Too much compromise on standards occur. Nothing is more painful than buying a house and after 1 year, rising damp hits the walls.

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Mrexcell(m): 11:26pm On Jan 02
kings59:
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.



Well illustrated pls are u a civil engineer? Will really be needing ur services very soon if u are one.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by EndBuhariNow(m): 11:29pm 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%.
I'm currently building 5 bedroom duplex ensuite, I'm in plastering level.. believe me I have not spent more than 37 million... Don't let engineers fool u say E no possible

3 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by leksymaxy(m): 11:47pm On Jan 02
seborrhic:
7
Infact,one dindirin will tell you 1b can only get the carcass of the bicycle without the tyre.
If ₦50m cant build a 3BR,why are some houses in Lekki still being quoted at that amount?
Even recently that guy in Delta State or so that killed his friend,threw him into a River and lied to the family that the murdered friend had been kidnapped and collected about ₦30m was found to have completed a duplex and bought other lands with that ₦30m.Did he build the duplex with sand?
I am just surprised bro with what people are saying here, I finished my bedroom last November, and when I checked all I spent, I calculated 16. 6m even will nice furnishing and with an automatic gate, so why are they saying 50m won't build a 3bedroom flat

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Mimiranky: 12:00am On Jan 03
kings59:
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.

funny... only wood will take you 2.5m talk more of roofing sheets... did you just say 6 trips of sand will do the filling? hahahah, baba 12 trips self never fill am to the brim.. did you just say 800k foe blocks A block is sold at 400naira per one, 3bedroom will consume nothing less than 3,500 blocks, that amounts to 1.4m... pop ceiling at most 3.5m...
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Umuinyioku: 12:02am On Jan 03
kings59:
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.
Good one πŸ‘
How do I reach you?
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Umuinyioku: 12:04am On Jan 03
Cashio:
you don't know what you are talking about
He knows what he's talking about.

Except you want to inflate prices to buy building materials.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Umuinyioku: 12:06am On Jan 03
highchief1:
shut up tenant.
What do you mean. He is right.

Except you want to inflate prices for your personal gains.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Umuinyioku: 12:08am On Jan 03
highchief1:
stop replying tenants
You don't know what you're talking.

Except you want to inflate prices of building materials. Otherwise the money id enough.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Umuinyioku: 12:10am On Jan 03
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.
Window πŸͺŸ
Doors πŸšͺ
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.
My brother, you are not sincere.

You are estimating like contractor.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Tayorshd87(m): 12:18am On Jan 03
stagger:


Dangerous. Too much compromise on standards occur. Nothing is more painful than buying a house and after 1 year, rising damp hits the walls.


Good πŸ‘

I understand you though
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Validated: 12:22am On Jan 03
kings59:
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.
Oga, all you listed will gulp your N15m and more.
It is obvious you have never built. You have not considered electrical connections, sewage and plumbing, tiling, plastering. Again, Dangote must be your father to buy cement that cheap.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Aguogba(m): 12:34am On Jan 03
kings59:
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.
Maybe you mean roofing with plastic sheets or Bagco bags.

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skola1: 12:42am On Jan 03
This is outrageous Biko

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

Note: This costing is subject to reduction or addition based on inflation, market situation, quality of materials and type of expertise engaged







1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skola1: 12:54am On Jan 03
Last year, I started a project of 2 units of 2B/R.
The engineer billed me N2M to get it to DPC.
He thought I will give him money to buy materials too.
I arrived to supervise my job - he over quoted everything. I ended up using N1.2M to get it to lintel level with half of the rods unused, 2 bags of nails remaining with binding wire that wasn't used up to a quarter.

Less than N2M would have completed the block work.

The building block work would have been completed but for kidnapping in my area.

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by TossTos(m): 12:54am On Jan 03
kings59:
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.

Change go even remain Wella .. inside the 15m.. person go buy some interior decorations inside self ..

I am saying this from experience..
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by phr33man(m): 1:49am On Jan 03
50m will do this with moderate all fittings and interior.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by michroskrve: 2:19am On Jan 03
Cashio:
you don't know what you are talking about
Nah craziness dey worry am. A bag of cement is 940
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Alliswell248: 3:22am On Jan 03
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

Drug Lord , ohaneze are begging for. I learnt about 1.3m of them are in India prisons.

Don't worry, they would soon be kpai so that you can rest.

No worry, SA people doesn't rate you people.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by sirlop(m): 3:33am On Jan 03
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

1 bag should lay 80 to 90 blocks
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by brandon2009: 4:19am On Jan 03
Op send me your building plan am a quantity surveyor let me give u accurate cost estimate of your work
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Thiefobi1: 5:34am On Jan 03
kings59:
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.

You re absolutely on point.


Most of those quoting 20-50m don't know what they are saying.

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