Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,227,669 members, 8,071,189 topics. Date: Wednesday, 05 February 2025 at 04:47 PM

Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties (9) - Nairaland

Nairaland Forum / Nairaland / General / Properties / Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (32594 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) ... (6) (7) (8) (9) (10) (11) (Reply) (Go Down)

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by FunnyDude(m): 5:39am On Jan 03
You just quoting astronomically high figures here
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Mirasteel: 6:03am 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
Stop deceiving people, you can build a good dupex from 60 million.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 6:29am On Jan 03
Mirasteel:
Stop deceiving people, you can build a good dupex from 60 million.
yes u can with even 30m.with village man finishing.not the type I am living now.finishing of my own alone took me over 80m.just like every other thg,house get grade

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 6:30am On Jan 03
Umuinyioku:
You don't know what you're talking.

Except you want to inflate prices of building materials. Otherwise the money id enough.
yes u can build with 10m go and use Cameroon zinc.house get grade papi.

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by frozen70(f): 6:31am On Jan 03
VaginaAcademic:
Please I need serious advice and breakdown

If that's your actual budget is more than enough, so make sure you give it the best taste of finishing including furniture and kitchen settings

But make sure you go there to supervise, else you end up getting poor job quality with that amount

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Free2Fly: 6:51am On Jan 03
Kavod:

DONT LET ONLINE PEOPLE WHO NEVER BUILD I BED ROOM APARTMENT ADVISE YOU SHA...
TO BUILD HOUSE NOR DE COST FROM FOUNDATION TO LINTEL... THE COST THEY COME FROM THE FINISHING, INSHORT THE FINISHING TAKES 80% COST...

50 MILLION NOR FIT BUILD THREE STANDARD BEDROOM APARTMENT NOR BUNGALOW.
TRY 80M,

REMEMBER I SAID STANDARD.

Bros, i built 2 houses in 2024 from February when the prices of materials skyrocketed to December, and I'm currently on the last one.

So, I'm talking from an experience that's still very very fresh, with regard to the current cost of materials and labour fees.

As i said, if he buys materials by himself and monitors closely to avoid theft(which is very common now), 50m will be enough to complete the 3bed bedroom bungalow.

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Kavod: 6:53am On Jan 03
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%.
70% ke.... 15m Ahhhhh, I say from from foundation to lintel level na just 20%. One thing i don observe from online space na say most comments about very serious topics comes from teenagers who are very inexperienced. Imagine 17 years old guy/girl when never build fowl cage once de advice man when wan build house. Things are very expensive now ooo, Make e better nor go pack money put for stagnation project.

1 Like 1 Share

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Kavod: 6:55am On Jan 03
Free2Fly:


Bros, i built 2 houses in 2024 from February when the prices of materials skyrocketed to December, and I'm currently on the last one.

So, I'm talking from an experience that's still very very fresh, with regard to the current cost of materials and labour fees.

As i said, if he buys materials by himself and monitors closely to avoid theft(which is very common now), 50m will be enough to complete the 3bed bedroom bungalow.
YOU FORGOT THE WORD "STANDARD/MODERN"..... OK POST A PIX OF THE BUILT HOUSES IN FEBRUARY AND LETS JUDGE IF ITS STANDARD AND ANOTHER THING IS LOCATION TOO.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by dhesire(m): 7:05am 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.

Very beautiful submission you have up there, however you should have included the basics like plumbing/sanitary fixtures and electrical wiring, lighting/power fittings.(M&E).
These are not luxury but basic necessities which cost a lot of money. I deliberately did not include painting because it is a choice.

Digging borehole and sewage/septic tank alone will gulp its own million from you, connecting to public power supply is another capital intensive adventure.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by zmanto(m): 7:34am On Jan 03
harqinhola:
Yes, it can.
800k can not buy block for 3 bedroom. 3500 multiple by 350-400 is about 1.3 to 1.4
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by lekanation(m): 7:38am On Jan 03
Sugarboyy:

Sand
Cement
Granite
Rod
Binding wire
Nails
Workmanship
All these aren't upto 1m?
How much does just workmanship cost in your area for such a job?

If I could remember vividly, I bought 12 tonnes granite(not dust granite oh). Though they didn't used all.
2 rolls of biding wire (small remain)
Can't remember the quantity of iron rod that I bought but amongst were 12mm, 10mm and 8mm.
4-1 sharp sand was sold at 95k with I did it last year
How many bags of cement will you use for such a job?
I bought a bag of nails or so (can't remember the nails measurements).
And workmanship was 300k.
Do your calculations oga.
And mind you, I was the one that bought every materials needed for the job and I supervised it from morning till evening, everyday
Infact almost everything done in that building till I finished it, I was the one that bought it myself... I was only paying for workmanship
Bro, I am an engineer, I spent 310,000 on pre cast concrete facial board 2years ago and it's my house, the price of things now has tripped and I can tell you for free that concrete facial board for 3bedroom cannot be more than 900k now for precast. Cast in place or cast in situ concrete facial board will be within the range of 1.8-2.5m

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by NuCypher: 8:05am On Jan 03
MÁNNABBQGRILLS:
@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.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Jeezuzpick(m): 8:17am 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 just made it painfully obvious that you don't know about building.

See, eehn....the person who told you he used N12m to build a good bungalow told you a big lie.

1 bag of cement na how much? Over N9,000. How much is a block? Not less than N500-600 for a good one, not garri block o.

The roof alone will gulp up to N6 million for a very small 3 bedroom if it's stone coated roof tiles or good aluminium long span sheets.

Tiles nko? I spent almost N1 million on tiles 2 YEARS AGO! how much will it be now? What of PoP ceiling? I used over a million on that, too, back in 2022.

Look how you counted doors! Loooool! Lemme help you out, nigga. You need it.

Right: for a 3 bedroom all ensuite bungalow, each room na 2 doors, one into the room and one from the room to the toilet/bath. Kitchen na 2 doors. Into the kitchen and from kitchen to store. Front door. Back door. Visitors bathroom. Total: 11 doors. We bought "cheap' Turkish Harmony doors back in 2022, almost N60k each. How much e go be now?

Wiring, plumbing? My wires and fittings cost N1,090,000 in 2022. Buhari time, o, before the crazy inflation.

Just forgerrit

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by gtassure: 8:28am On Jan 03
Lekison:
You dey mind those online engineers? grin Someone even said he should prepare 80m grin grin grin. They will just inflate price and value anyhow online. I blame the OP for bringing such to Nairaland. He better go and consult the experts within his city for proper quotation. 30M-40M is enough to build a standard 3 bedroom.
You don't need quotation from anybody! When you ask Nigerian for quotation you are given them opportunity to inflate price! What you need is to get professionals and pay for their services! CHIKENA!

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by jossytech(m): 8:40am On Jan 03
The one I recently handle for my client was 3 bed and total expenditure was 42.7m including interior
Set of chair
1 freezers and gas cooker at at kitchen
1 45 inches tv at sitting room
1 32 inches at master bed
All are wardrobe ensuite
Pictures is available
08052940665
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by nwirinedu(m): 8:46am On Jan 03
Oh yes it can, just be realistic with your budget, remember its a house not a spaceship. Dont copy building designs of a senator. Choose a design thats practical for you.

1 Like

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Offpoint1: 9:01am On Jan 03
Factcheck0001:
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
They're builders/engineers, that's how they scam innocent to over pay them
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Abbeyb1ack: 9:04am 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.

Ceiling and roofing 2.5m ke grin
Please be specific about the roof o
And also am not sure its a standard 3 bedroom(in terms of room size)
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by adewaleola01: 9:09am On Jan 03
Here in ogun state. 15 million will build it .
Don't let them scam you .
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Abbeyb1ack: 9:20am 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 wont do plumbing (you no go buy WC )
You wont do wiring also and fittings
Each room will have 2 doors(thats 6) your kitchen and entrance (2)

For cross ventilation total windows for the room is 9(including tiolet window)your sitting room and kitchen will have minimum of 3...thats 12minimum...go to aluminum village to make enquiry about sliding or casement

You didnt talk about tiling,fencing,gate

Its easier said until you start then you wil know
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Danthemariner: 9:27am On Jan 03
Take it easy
We have a project that is 95 percent complete

2 unit of 2 bedroom duplex

Equipped with solar, standing ac, gas , expeller, washing machine, finger print door, griller , chandelier, screeded wall, pop, increant floor etc

Gentle men the cost for the 2 set of the 2 bedroom duplex in total
Money spent as at today is not up to 120m

You guys shouldn’t allow anything discourage you Biko

Please note we did flat roofing for the two duplex
House would be completed this January
I’m not sending pictures I have noting to prove

Houses are been sold in Lekki for 500m
Not just because the building alone is worth the amount…
It is the land location that is worth that amount …

15-20m will build you a 2-3 bedroom bungalow
With good finishing

Mind you among most expensive things in building is iron rod
And you don’t need much to build a bungalow
Bye




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

2 Likes

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Free2Fly: 9:29am On Jan 03
Yemade029:


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

Don't mind some of these guys.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by excessmon(m): 9:35am On Jan 03
Oga do you need to buy an old used corolla,look for other brands
Skydivine:


If you bought an old used Corolla for $1k (#1.6m) from US. Assuming can even find one at that price. Auction fee alone and towing from auction ground might cost up to $800.
Ship it for $1500 ( #2.4M)
Clear it for #2.8M
Total is #6.8M
Fix it for additional #300k ( battery, tire and oil change and breaks )

How much would you sell it to make some profit?
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 9:41am On Jan 03
Danthemariner:
Take it easy
We have a project that is 95 percent complete

2 unit of 2 bedroom duplex

Equipped with solar, standing ac, gas , expeller, washing machine, finger print door, griller , chandelier, screeded wall, pop, increant floor etc

Gentle men the cost for the 2 set of the 2 bedroom duplex in total
Money spent as at today is not up to 120m

You guys shouldn’t allow anything discourage you Biko

Please note we did flat roofing for the two duplex
House would be completed this January
I’m not sending pictures I have noting to prove

Houses are been sold in Lekki for 500m
Not just because the building alone is worth the amount…
It is the land location that is worth that amount …

15-20m will build you a 2-3 bedroom bungalow
With good finishing

Mind you among most expensive things in building is iron rod
And you don’t need much to build a bungalow
Bye




you spoke very well bro.very very well. And I like the fact u said no need to post pics.cos the doubting Thomas we have on this forum if u like post ur blokos they will stil have smthg to say.Also thanks for letting us know it’s flat roof.flat roof is cheap.parapet and my roof work took me over 30m.my house is a 6 bed duplex with 4 palors.with gate house that is also upstairs.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Danthemariner: 9:45am On Jan 03
Wow that great bro


highchief1:
you spoke very well bro.very very well. And I like the fact u said no need to post pics.cos the doubting Thomas we have on this forum if u like post ur blokos they will stil have smthg to say.Also thanks for letting us know it’s flat roof.flat roof is cheap.parapet and my roof work took me over 30m.my house is a 6 bed duplex with 4 palors.with gate house that is also upstairs.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by motta(m): 9:48am On Jan 03
Lekison:
say wetin? Make una det calm down abeg. 5 million for lintel? Na paradise you dey build?😂
guy go price materials na that time you go know.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 9:51am On Jan 03
Danthemariner:
Wow that great bro


yea the fact is Everyting get grade.my room alone na some people 2 rooms and palor with kitchen.what I spent on my gate house will comfortably build a 3 bedroom bungalow.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Everlastingson: 9:55am On Jan 03
Sugarboyy:

I have currently spent more than 30m in my new 4 bedroom bungalow, and it seems I'm just starting 😭

Maybe someone is overseeing the work for you. And when you're not there anything goes. Otherwise, with OVER #30M spent you'd be talking about packing in to your house.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Danthemariner: 9:57am On Jan 03
I agree with the fact everything has grade,..

As a owner of a building project always be on deck and have eyes
Compare prices of materials your self…
Engineers greed are among the factors of high cost of building.


highchief1:
yea the fact is Everyting get grade.my room alone na some people 2 rooms and palor with kitchen.what I spent on my gate house will comfortably build a 3 bedroom bungalow.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Umuinyioku: 10:03am On Jan 03
highchief1:
yes u can build with 10m go and use Cameroon zinc.house get grade papi.
Okay
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 10:05am On Jan 03
Danthemariner:
I agree with the fact everything has grade,..

As a owner of a building project always be on deck and have eyes
Compare prices of materials your self…
Engineers greed are among the factors of high cost of building.


yes I bought Everyting myself.wetin I Dey work again.I gave my engr 4m for supervision from start to finish.I bought and monitored my material

1 Like

(1) (2) (3) ... (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?

Viewing this topic: 1 guest(s)

(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. 67
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.