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Nairaland Forum / Nairaland / General / Properties / General Topic Thread-To Discuss Anything And Everything in Building Construction (4658344 Views)
Discuss Anything Property And Lets Make Money In The Process / Residential Building Construction Mistakes In Nigeria You Need To Avoid / General Topic Thread - The Roforofo Thread Of Construction Activities (2) (3) (4)
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by diordaves(m): 7:53pm On Mar 21, 2018 |
ceelog: Makes more sense now. More grease to your elbow. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 8:01pm On Mar 21, 2018 |
mufutau55: Sir, is car an asset? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by keziah123: 8:06pm On Mar 21, 2018 |
segzy14:Yes. When used for business. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 8:07pm On Mar 21, 2018 |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by keziah123: 8:08pm On Mar 21, 2018 |
segzy14:Liability when it's for comfort and luxury. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 8:13pm On Mar 21, 2018 |
mufutau55: I believe that there's a 3rd realm. I know of someone that also bought an existing house. The floor of one of the rooms was always mouldy and smelly. Noises, the whole nine yard. He broke the German floor, dug and found the full skeletal remains of a goat, a full goat, buried upright. So you'll say can't one just bury a dead goat. Yeah, but not with ado and other stuff. He gave the house away and has sworn off of Nigeria. He's now retired to Hawaii. Nkon nbe. 4 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by galax1: 8:14pm On Mar 21, 2018 |
https://www.nairaland.com/4411282/why-electrical-power-fencing WHY ELECTRIC FENCING? The need for higher levels of security to deter intruders is growing worldwide. Whereas in the past a security fence was merely a passive physical barrier, the reality of today's world prescribes the use of an active intrusion detection system that reacts to any intrusion attempts, preventing or delaying intruder access and one that is not reliant on human surveillance. Electric fencing is a modern and intelligent fence security system which is fast replacing the traditional concertina wires. It is installed on the top of an existing perimeter fence or as a standalone fence. It is an excellent deterrent designed to keep intruders away from your premises. How does Electric fencing work? Electric fencing consists of high tensile wires placed at 95mm apart installed around the perimeter fence. In operation, high voltage pulses; 10,000 DC Voltage are sent down the wire every second, while intruders are dealt with a sharp and painful electric shock. The shocks are incapacitating, therefore stopping the intruder from touching or climbing the fence. Any attempt to cut, short-circuit or tamper with the system is detected and alarms are generated. A criminal cannot place rubber mat or blanket on it and climb over without being detected. The fence will raise an instant alarm if contact is sensed at the springs or if any one is shocked for more than 2 seconds. Concertina offers no such intelligence. Intruder can easily place a blanket and roll over. It would be difficult to cut the live wires without being shocked and if this did happen, the fence system would raise an alarm to report the breach. Concertina wires are easily cut and pulled apart without detection. Electric fencing will easily interface with any standard security equipment and can therefore be monitored by a rapid response company. Concertina wires, even when electrified cannot provide such benefits. The system keeps on working even when there is a power failure. The control panel comes with rechargeable back up batteries that lasts for over 48 hours without power. An electrified concertina wire becomes ineffective as soon as there is power failure. ADVANTAGES OF AN ELECTRIC FENCE • Easy installation on existing wall or fence, or as a stand-alone perimeter fence. • Provides a physical barrier those delays the intrusion time. • Provides an electric shock to intruders. • Acts as a psychological barrier to deter intrusion attempts. • Provides a higher level of detection capability to detect an intrusion attempt and set off the alarm which is then transmitted to the security personnel or company monitoring the site. • Low maintenance costs. • Easy to operate. • Animals receive an electric shock and are deterred without activating the alarm. The animal learns not to come into contact with the fence • Accidental human contact with the fence will provide an electric shock that will teach the person (who is not an intruder) not to tamper with the fence. • The electric wires serve as a perimeter fence, alleviating the need to erect another conventional fence. • Reduced cost of security personnel . Contact : 08032416391 |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 8:14pm On Mar 21, 2018 |
segzy14: All my vehicles are assets. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by bixton(m): 8:15pm On Mar 21, 2018 |
Assets generate revenue. Liability take away. A private house is not an asset. A car used as a taxi or on hire purchase is an asset. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by spyder880(m): 8:52pm On Mar 21, 2018 |
bixton: This discussion is always shifting, because I believed KolaShangOne asked about investment, now what is the difference if any, between an investment and an asset? ![]() Are all assets investments? Are all investments assets? We're all learners here. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rabcnesbit: 9:00pm On Mar 21, 2018 |
bixton: With reference to the bold text. I beg to differ. Though it might not generate an income, it will appreciate in value (capital gain). An asset is something that generates an income or/and appreciates in value. For example, gold bought and kept does not generate an income, but you will agree it is an asset because it eventually appreciates in value. Using you 'car used as taxi or hire purchase' for example, you state it is an asset because it generates income, but you will agree it depreciates in value. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by mufutau55(m): 9:04pm On Mar 21, 2018 |
1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Rubbiish(m): 9:10pm On Mar 21, 2018 |
bixton:Let me quickly correct something, an asset is something that is useful, not necessarily sth that generate revenue. Car is a big asset, the clothes u put on are assets. But u still spend money to buy detergent to wash them, but they cover your body. Same apply to car, because it take care of your movement, whether private or public. Anything that is useful to u at all is an asset, it doesn't have to generate income, as long as it add value to your life & serve a purpose, it becomes an asset. To me this thread is an asset, i can't recall the amount of knowledge i have gained from this thread. Hence the reason many of us visit it daily for update, because the information on here are useful. 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by danny34(m): 9:13pm On Mar 21, 2018 |
jabolo: danielonyedika@gmail.com |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by bixton(m): 9:19pm On Mar 21, 2018 |
spyder880: Thank you Sir. Any investment over time that its value appreciates becomes an asset. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by bixton(m): 9:26pm On Mar 21, 2018 |
rabcnesbit: If there are any estate management professionals here they can come up with a response. This topic is slightly two way traffic. Houses have a depreciation value. It's the land that actually appreciates. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by bixton(m): 9:28pm On Mar 21, 2018 |
Rubbiish: A clothe is not an asset per se. Except its an antique. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 9:36pm On Mar 21, 2018 |
"An asset is anything of value that can be converted into cash. Assets are owned by individuals, businesses and governments. ... Investments – annuities, bonds, cash value of life insurance policies, mutual funds, pensions, retirement plans (IRA, 401(k), 403(b), etc.,) stocks and other investments." "In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit." https://twocents.lifehacker.com/the-many-different-types-of-investments-and-how-they-w-1683582510 I'm good with the above. I bought a 1967 Austin Mini Moke for $3,500, sent maybe another $3,000 on it and sold it for over $35,000 after I daily drove it for about 5 years. Yeah, ALL of my vehicles, with no exception, are assets. 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rabcnesbit: 9:36pm On Mar 21, 2018 |
Okay, maybe we have fallen into the trap of conflating asset with investment, as there is a subtle difference between the two. As per the English dictionary, an asset is a 'valuable person or thing, something owned by a person, company, etc' (so your wife can be an asset ![]() 6 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 9:39pm On Mar 21, 2018 |
rabcnesbit: It's actually very easy. Draw two columns on a paper and label one column Asset and the other Liability. Now start putting items in each column ![]() |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rabcnesbit: 9:40pm On Mar 21, 2018 |
bixton: I beg to differ again sir. A house will appreciate, just simple economics! Will you be able build a house today for the same amount you built it 10 years ago, or will you be able to build a house in 10 years time for the same amount you build it for today! 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rabcnesbit: 9:41pm On Mar 21, 2018 |
EgunMogaji: But we (or I) are not talking about assets and liability, but assets and investments |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 9:45pm On Mar 21, 2018 |
rabcnesbit: Sometimes you just have to shake your head ![]() This is what is called "replacement value" and what insurance is rated on. I scored a deal with a home builder on one house in Texas for $225,000. When I went to have it insured the value they came up with was $375,000 (the lowest). Insurance told me that is the replacement value that it will cost them to rebuild if the house was destroyed. I then went to get my own appraisal done and that one came up with $355,000 The land value at the tax office hasn't changed in 10 years and was at $17,500 or so. So yeah you're right, house do go up in value. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by twinskenny(m): 9:46pm On Mar 21, 2018 |
So many empty houses in lekki phase 1.... why? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 9:46pm On Mar 21, 2018 |
rabcnesbit: True, BUT once you identify those two then we can start talking about investments. An investment is simply an asset that is expected to gain value. Yes? ![]() |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 9:48pm On Mar 21, 2018 |
twinskenny: If you ask me who do I ask? ![]() I don't do Lasgidi as I'm just one poor boy from Ibadan village. I watched a YouTube video on this and it is sad to see a dream so desolate. Happens in Abuja too. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 9:51pm On Mar 21, 2018 |
Here's a little tax info that shows how a house went up in value and the attached land also went up in value.
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rabcnesbit: 9:51pm On Mar 21, 2018 |
EgunMogaji: Not necessarily sir. That old photo of yours when you were still a young fine handsome guy chasing the ladies that you cherish so much and secured away so it does not get lost or damaged is very valuable to you (so an asset to you), but it will not increase in value as it is not valuable to anyone. ![]() 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 9:54pm On Mar 21, 2018 |
rabcnesbit: Chineke o ![]() I haf fainted ![]() 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Commonsense101(m): 10:11pm On Mar 21, 2018 |
EgunMogaji: he he he.....he he he....he he he!!!!! you donminit 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Commonsense101(m): 10:14pm On Mar 21, 2018 |
diordaves:you have a good understanding of the situation. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 10:27pm On Mar 21, 2018 |
Please let the record show that I am not "selling" anything o. I just know what "I" want on my site and can pay for it with my own money. I happen to cuddle technology, like using mixers when appropriate and try to motivate others to do same but no be by force. It's a private build that I'm doing, not a community condo ![]() Doing what they say can't be done is what makes me tick ![]()
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