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Nairaland Forum / Nairaland / General / Properties / General Topic Thread-To Discuss Anything And Everything in Building Construction (4679361 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): 11:55am On Jul 22, 2020 |
Mgbadike80: Retailing of dedicated blocks of flats in Nigeria is a concept going way back to FESTAC Town (1977), Gov Jakande of Lagos State (Jakande estates). So it is a tried and tested concept which may be viable relative to location and the level of finish and closeness to amenities. However, I'm not sure if THIS your prognosis/proposal will be viable. Why? How many units of three bedrooms are you proposing to build? The normal four flats of three bedrooms? If yes: You bought the land for N25,000,000. As you are wishing to sell on, the finish MUST be of very high standard and sophistication. It will include uninterrupted packing space for each flat and possibly no shared entrance. So the block may cost on average N45,000,000 to build including legal fees and associated fees. So TOTAL COST: N25,000,000 (Land) + N45,000,000 (building cost) = N70,000,000 Selling Cost is N15,000,000 per flat. So TOTAL Revenue: N15,000,000 x 4 (flats) = N60,000,000 Profit: N60,000,000 - N70,000,000 = -N10,000,000 LOSS !!!. 5 Likes 1 Share |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by davodyguy: 1:53pm On Jul 22, 2020 |
diordaves: You dont have to spend N45million on a Block of 4 flats |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by money121(m): 2:03pm On Jul 22, 2020 |
gordonbarrett:Let imranroofing handle the roofing part Our price affordable 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by money121(m): 2:04pm On Jul 22, 2020 |
Men @ Work.. Another Roofing Project Going on @ Ipokia Ogun State Are you Done with your woodwork and in Need of Quality Stone Coated Roofing Sheet? Please Call/WhatsApp 08085310359 Customers Satisfaction is our Watch Word.. Classic Design( Black)
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by davodyguy: 2:12pm On Jul 22, 2020 |
Person2person: Are skin doors really strong compare with panel that are made of steel/metal? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by diordaves(m): 2:21pm On Jul 22, 2020 |
davodyguy: How much do you think is appropriate? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by davodyguy: 2:25pm On Jul 22, 2020 |
diordaves: Depending on the size of the building, starting from N20m, you can get one done In fact, you can you even spend as much as N60M on it in areas where the soil texture is poor and require pile foundation, but if the soil is not too bad and your pile point depth is not more than 12 to 15metres, from N20m to N35m you can it done and well finished with casement window, tile floor finishing and China Security doors |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by diordaves(m): 3:04pm On Jul 22, 2020 |
davodyguy: You will struggle to build a four flat for 20m even on dry land. Don't forget, the flats are for sale for 15m so the design and finish should be in such a standard to attract buyers. So POP all through, possibly parapet, no shared entrance, the block should be so designed that buyers can park their cars without having to call neighbours to move their cars before driving out or parking and so on. To get the concept right for resale, you will easily spend well over 35m. But even if 35m will do it, the poster will still not see any signicant profit to make the venture worthwhile. 3 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 3:10pm On Jul 22, 2020 |
diordaves: The cost different is other staircase for a standard four flat and designing the car park |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 3:13pm On Jul 22, 2020 |
davodyguy: so foundation is the additional 30 million |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by davodyguy: 3:14pm On Jul 22, 2020 |
GoodFaith:Which foundation? Your post is ambiguous |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by davodyguy: 3:19pm On Jul 22, 2020 |
diordaves:I maintain my stance. It is very doable, depending on the factors I mentioned earlier. Location, soil texture and the envisaged material finishing. It doesn't have to be expensive for you to have quality finishing You can spend N60million on 4 flats in some locations, and in other locations, N20 to N25m will do it. If you get a land at N10million in a location and spend N25million to build. This is N35million. Each can still be sold at N10million. May be not too much profit, but you'll break-even. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Valentine87: 3:21pm On Jul 22, 2020 |
Please drop your contact number to me, I will like your team to work for me. gordonbarrett: |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 3:30pm On Jul 22, 2020 |
davodyguy:need you are adding other factors Land and building? I was just looking at building alone excluding the land |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 3:32pm On Jul 22, 2020 |
davodyguy: Your first respond was ambiguous It was building The cost of land can go from 1m to 20m |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 4:08pm On Jul 22, 2020 |
Person2person:you really know your onions when it comes to doors but you will have to agree with me that at no point will you compare a Nigeria made steel door with the imported kind. While the Nigeria made doors are built with customized quality of steel, you will have to rely on what the importer told the manufacturer in China. Most of the foreign doors are very beautiful no doubt but most also aren't durable especially the ones that cost around 20_35k. The first thing that will spoil is the finishing peeling off revealing the PVC material used in making it. Then next will be the hinges but all these should be if the lock doesn't develop fault first and locking you out of your own home. If it's for commercial building, it's not advisable to use the foreign doors because you can't control how the occupant will handle the doors. Worst case scenario for him,he will pack out and you will start maintenance work pretty early |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by money121(m): 5:15pm On Jul 22, 2020 |
Job Done!! Another Successful Roofing Project Completed Site Location: Ipokia Ogun State Roof Design : Classic Design Colour: Black Roof meters: =566Sqm To get the Cost that Roofed this Building Call/WhatsApp 08085310359
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by money121(m): 5:49pm On Jul 22, 2020 |
Job Done!! Another Successful Installation of Water Collectors ( Rain Gutters) Site Location: Ipaja Ayobo Lagos State Colour:White Customers Satisfaction is Our Watch Word!! Kindly promote us by sharing this post. share it now!! To get the Cost of the Rain guter for this Building Call/WhatsApp 08085310359
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Person2person(m): 6:01pm On Jul 22, 2020 |
davodyguy: wooden door are used internally while steel doors are used externally. No doubt steel or metal is stronger than wood.. the op is asking about internal doors. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Person2person(m): 6:06pm On Jul 22, 2020 |
michlins: FACT! 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 6:26pm On Jul 22, 2020 |
Person2person:you will agree with me that the biggest turn off about Nigeria doors is the finishing. I make doors so I tell you that part of the job is extremely difficult and requires more man hours than it takes to make the doors even. Another thing is the issue of noise upon closing the door. But that is highly negligible once there are occupants in the room but sometimes it acts as security cause upon tampering, the door will make a creaky sound that will alert the owner or neighborhood |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by davodyguy: 6:55pm On Jul 22, 2020 |
Person2person:Some people do use the panel door as internal doors. In fact, I saw one in a property in Lekki Phase 1 yesterday. I'm about getting doors for my house. Total of 22 doors. I've gotten quotes from different people based on different materials (wooden/Metal/steel) and pattern (flush/Panel) MDF, HDF, Turkey, Chinese, Skin door, Mahogany etc. I'm still thinking of the option to go for 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by davodyguy: 6:59pm On Jul 22, 2020 |
michlins:I'm still looking at quote and your price is very very competitive, with beautiful design. Only challenge is location |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by davodyguy: 7:03pm On Jul 22, 2020 |
michlins:Nigeria metal doors are durable, but ugly, make shutter noise and the third thing is the special lock like those Chinese type can't be embedded |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by agoro2u: 7:38pm On Jul 22, 2020 |
coldcandy: Pls share picture of those doors as im also interested |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Abolarin91(m): 7:40pm On Jul 22, 2020 |
Hmmmn! I love your analysis, u mean business ![]() diordaves: |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 7:56pm On Jul 22, 2020 |
davodyguy:well there's no location in Nigeria that haulage trucks can't reach. Nnewi to Lagos na 5k per door if counted individually but the price will drop with the quantity |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rajput4real93: 9:11pm On Jul 22, 2020 |
michlins:Your number is always switched off. Do you have another number? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 9:41pm On Jul 22, 2020 |
rajput4real93:07032fourfour6904 is my number and is barely off. Chat me up on WhatsApp too |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by JustCryptos: 10:01pm On Jul 22, 2020 |
Hello gurus, please I was quoted almost 500k for building a septic/soakaway. Is this a fair price? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by MrOkenwa(m): 10:51pm On Jul 22, 2020 |
davodyguy:Please keep us posted once you decide on your interior doors. Oga michlins has good designs but I don’t really know why it’s necessary to mount those heavy things at the entrances to the rooms. Look somehow to me. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 11:40pm On Jul 22, 2020 |
davodyguy:I'm not going to convince you on how to spend your money but right now, your best chance of getting the best deal is if you buy Nigeria made doors. The prices are very very competitive. Believe me, compared to their foreign counterparts, it should not go for anything less than 70k believe me. It's my business and I will love for you to patronise me but it's still a fact that it beats foreign doors hands down. Unless you are willing to spend above 1ml on foreign doors |
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