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Nairaland Forum / Nairaland / General / Properties / Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (32587 Views)
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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: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: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: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: 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: 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: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: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: 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: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: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
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Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by NuCypher: 8:05am On Jan 03 |
MÁNNABBQGRILLS: |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Jeezuzpick(m): 8:17am On Jan 03 |
kings59: 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 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: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: Ceiling and roofing 2.5m ke 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: 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: 2 Likes |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Free2Fly: 9:29am On Jan 03 |
Yemade029: 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: |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 9:41am On Jan 03 |
Danthemariner: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: |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by motta(m): 9:48am On Jan 03 |
Lekison: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: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: 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: |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Umuinyioku: 10:03am On Jan 03 |
highchief1:Okay |
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 10:05am On Jan 03 |
Danthemariner: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 |
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