earthrealm:


what you want is actually simple, i have seen it in action in VI,
An ordinary sumo pump pumps water to an underground tank, another pump then takes it 3 storeys up to the small 300l to 500l presure tank with float valves, so the pump kicks in oce there is a pressure drop upto a certain preset value.

in your case, you can make it simpler,
by removing the underground tank..and using a surface tank.the main koko is that you need 24/7 electricity to power the pumps...thus you need solar panels+inverter to ensure 24/7 electricity for the pumps...then you can also do well by buying energy saving/solar friendly pumps....

hv you considered rooftop tank placement?..its a little more easy on the eyes than the external 30ft tank stands.....i hate em too!

rabcnesbit:


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!

segzy14:



I know of volcanic ash as a partial replacement for cement and also rice husk ash.

mufutau55:


An Asset is something you own, it does not have to generate income.

Hajji M.

earthrealm:


what you want is actually simple, i have seen it in action in VI,
An ordinary sumo pump pumps water to an underground tank, another pump then takes it 3 storeys up to the small 300l to 500l presure tank with float valves, so the pump kicks in oce there is a pressure drop upto a certain preset value.

in your case, you can make it simpler,
by removing the underground tank..and using a surface tank.the main koko is that you need 24/7 electricity to power the pumps...thus you need solar panels+inverter to ensure 24/7 electricity for the pumps...then you can also do well by buying energy saving/solar friendly pumps....

hv you considered rooftop tank placement?..its a little more easy on the eyes than the external 30ft tank stands.....i hate em too!

rabcnesbit:


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!

EgunMogaji:


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.

KolaShangOne:


Thanks for corroborating my story. Did the volcanic ash improve the properties (strength) of the mixture ?

segzy14:


Yes it did, in fact that was my B.tech project topic.
Volcanic ash has some properties of cement, even its colour looks like that of cement.

oyb:


note however that your water will be at a much higher pressure than what obtains from your overhead tanks. this will mean that you may need to pay closer attention to your choice cold water pipes, especially at the joints, tees and junctions. otherwise you may find leaks all over your building.

rabcnesbit:


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.

rabcnesbit:
What is the difference between Governor's consent and C of O; which one has more protection?

writejhn27:


C of O means certificate of Occupancy that is d cert that shows govt has granted u statutory right to occupy that land. whereas Governor consent is granted if there is a transfer of ownership of property that has been granted C of O already

thats notifying d governor that d property has been transfer. Hope it helps

Shegman22:
You funny ooo, what of if the height of the building is 2.4meters and he measured the length of the whole sitting room as 23.3meters ...

EgunMogaji:


I missed it, sorry Sir.

Here in the USA you wil use rebar as well as specific mix of concrete which will include granite.

My floor guy chose to not use iron but instead is using gutter sand and granite.

Is this the best way to go? Not sure but I was willing to experiment.

Thanks.

writejhn27:


C of O means certificate of Occupancy that is d cert that shows govt has granted u statutory right to occupy that land. whereas Governor consent is granted if there is a transfer of ownership of property that has been granted C of O already

thats notifying d governor that d property has been transfer. Hope it helps

akinolaolujide:
since its a garage you should have insisted on BRC. Very important it Will give you longer time before failures.

EgunMogaji:


Reasons why I'm building my own house.

1) Spiritual: For me, in Nigeria, I cannot buy a house to live in that I don't know what it was built on. I'll live it at that.

2) Location: I like living in suburbia, not really a city dweller. In fact, I don't think that I moved far away enough. I am surprised at the fast pace of development in my area. Maybe I should have gone to Idi Ayunre.

3) Design: The overall layout, starting with the compound, is very important to my lifestyle. Also going inside the house it becomes more important. Where is the master bedroom located, do the rooms have toilets in them like a gademn hotel, is there a stupid washi hand basin slapped into the dining area? Was good flow considered, both for air and people?

4) Architecture: I hate roman pillars with a passion. This and other mismatch designs drives me batty. I need specific things like attached outside areas like a patio, courtyard, etc. Most homes in Nigeria do not have it though some have balconies.

5) Finishing: Some interiors look like a catalog of whorehouses. Mismatch of colors on walls and tiles. I'm talking really gaudy stuff. The kicker is that vast amount of money were spent on most of the ridiculous and tasteless stuff.

6) Quality of Materials: Once I saw the quality of blocks in 2 or 3 places in my area I knew that I couldn't trust them. How many times have we also seen columns that were built on top of blocks? The current trend now is columns without baskets?

So those are the reasons why "I" chose to build rather than buy. If I bought then I would have to make major changes, most structural, which will not make sense.

The reason I asked this question is that I see a trend where some members are being derided for trying to do things a certain way on their site. If I don't want a high standing tower on my site, it's my right and pleasure. We all have a need to fill, if not we can all be very comfortable in a tatched or mud hut. It will do the job of protecting us from the elements.

Now onto answering your question.

Yes, a residential house is indeed an investment, but only when built properly and with a purpose in mind.

Most real millionaires, not the fraudulent ones that abound all over the place in Nigeria made it mostly from real estate investment.

Thank you, Sir.

keziah123:

Liability when it's for comfort and luxury.

bixton:


A clothe is not an asset per se. Except its an antique.

bixton:


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.

rabcnesbit:
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 . An investment is 'an outlay of money, effort, resources etc usually for income or profit'. So all investments can be classed as assets (valuable and owned), but not all assets can be classed as investment (not for income or profit)

EgunMogaji:


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.

twinskenny:
So many empty houses in lekki phase 1.... why?

rabcnesbit:


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!

Dremca:
Maybe much demand is not chasing supply, that's why the prices of land hasn't gone up.

twinskenny:
Underground reservoir with pump

Dremca:
A house appeciate because of the land not because of the structure except is a monument mostly found in italy.