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Nairaland Forum / Nairaland / General / Properties / General Topic Thread-To Discuss Anything And Everything in Building Construction (4683382 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 n3xt(m): 10:25am On Nov 23, 2020 |
zuraking: Poor ke? If I bought land at over 50m per plot, am I supposed to target those who will pay me 500k per month when I’m not Federal Govt ![]() O wrong nau! 4 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by zuraking(m): 10:28am On Nov 23, 2020 |
n3xt:hmmmm |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 10:30am On Nov 23, 2020 |
zuraking: Before I design houses, some clients do ask me “How much rent do you think we can get on this project?” Some things just don’t make any business/investment sense. In some cases, I tell them we can’t get good rent but we can sell off the project (eg Browne Mews) 1 Like 1 Share |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Chekitaut: 10:31am On Nov 23, 2020 |
n3xt:Not possible in Nigeria, in 5yrs... Lekki with high rent don't achieve it in 8months |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Chekitaut: 10:36am On Nov 23, 2020 |
n3xt:Brabus not true... |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 10:59am On Nov 23, 2020 |
Chekitaut: Smiles. I don’t know how much they sell Granites but as an authority in one of the most respected property website in Nigeria, I can tell you how much a Terrace duplex cost in Agungi. N2,500,000 Terrace duplexes are far inside and in areas with fewer development/bad roads. ![]() This is my 11th year as an author on the NPC website. 4 Likes
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Chekitaut: 11:07am On Nov 23, 2020 |
n3xt:Hype, we all know how is done, different packages, some are sold out installment plan. But rent no no no. 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:10am On Nov 23, 2020 |
Chekitaut: I didn’t post offplan sales na. I only shared with you the cost of renting a Terrace duplex in Agungi. Any other contrary view/opinion is unacceptable as Nigeria Property Centre remains one of the most reliable source of information on rental properties. I won’t believe Mr Chekitaut more than a site with over 50,000k listed properties ![]() ![]() O wrong nau! |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Chekitaut: 11:17am On Nov 23, 2020 |
n3xt:Agungi for sale price oooo same from my build & sell customer
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by uncleteeh(m): 11:31am On Nov 23, 2020 |
OAK Group wishes you a blessed week. We still design and construct and construct houses. 08108408732. https://www.nairaland.com/6266944/construction-semi-detached-duplex#96299588 |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 11:39am On Nov 23, 2020 |
zuraking:The house can be sold in the future, you'll make profits from the sale and even the rents you've been collecting over time. 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by EgunMogaji2: 12:33pm On Nov 23, 2020 |
gcardcodes: ![]() ![]() 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by multikolour(m): 1:23pm On Nov 23, 2020 |
EgunMogaji2:he is looking for Christmas goat to japa with his money 3 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 1:49pm On Nov 23, 2020 |
Cement Request I got a request from a Nairalander for 300 bags of cement around Makun, Lagos/Ibadan Expressway. Pls kindly get in touch with me as I do not have your number again. Tnx. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 2:00pm On Nov 23, 2020 |
gcardcodes: One US dollar to N460 Do you really think people here are mumu Please go play with yourself Try one US dollar to N475 - N485 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by megacontrol(m): 2:12pm On Nov 23, 2020 |
WTH is Oribanwa? Once you start seeing Lekki-Ajah just know that you're more towards Ajah than Lekki. A developer will NEVER advertise an Argungi (which is Lekki proper) property and write Lekki-Ajah. That's Moreover, i can tell you for free that those prices quoted are closer to Ajah prices, even lower sef. Take the old watered down Lekki Gardens by Abraham Adesanya as an example, you can't get them as cheap as your post. N28.5m for new 4bed terrace in Argungi and the house is still available? when same sells for 40m offplan outright on Orchid road? Impossicant! I suspect you don't have all the info correctly about this your customer and his/her offering. Even Argungi is different from Argungi. That's why he mentioned that in Argungi there is inside inside with bad roads and there's outside that's cream and proper which commands higher sale/rental value. Never forget the first rule in real estate/property investment: LOCATION IS EVERYTHING! Chekitaut: 5 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 2:24pm On Nov 23, 2020 |
You encourage buying land in Ibeju Lekki? I want to read more from you because I am at a crossroad. Dijita: |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 2:28pm On Nov 23, 2020 |
Why not keep it in digital currencies? Chekitaut: |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by diordaves(m): 3:11pm On Nov 23, 2020 |
somehow: Are you looking to invest or you are looking for a forever home? In property business, this is called exit strategy. What is your exit strategy? You shouldn't be at crossroads if you've got your exit strategy nailed. If you are looking to build a forever home, any location including your village that meets the causal components of your life chances is game be it swamp or on top Aso rock. If those pictures that are being posted up and down of the island meet my idea of a decent location/neighbourhood, I will buy in swamp or no swamp. But if I'm looking to invest, the whole calculus change kpatakpata. I can't use 20 million Naira for ground preparatory works (foundation) only and end up sinking 70 million for a duplex and be collecting 2 million annually and think this is game when I can use 70 million to build a plaza of 50 stores in dry land and be collecting 3 million Naira a month in rent as a minimum. 5 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by SurveyorGeo: 3:13pm On Nov 23, 2020 |
mobileboy: we can get it done for you in less than 2weeks and the record copy will be lodge at Alausa with evidence. For more information please call or chat My No. 08069018449 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by SurveyorGeo: 3:19pm On Nov 23, 2020 |
If you are buying land in Moniya, Ibadan, be extra careful because of the proposed Train Station there, so many land have earmarked has government acquisition. Both State and Federal Govt. so be warned, make sure you chart the land before you pay for it. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by megacontrol(m): 3:28pm On Nov 23, 2020 |
Hello, You posted a distress sale land on the mainland for 5m recently. Is it still available? Thanks SurveyorGeo: |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by SurveyorGeo: 3:49pm On Nov 23, 2020 |
megacontrol: Yes sir |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 3:53pm On Nov 23, 2020 |
diordaves: Both, looking for personal and commercial but the former comes first in my scale of preference. I like quiet environment and not the crowd type but access to the food and lifestyle market is a must. (closeness to the mainland or major market without having to pass through hell is paramount) I like the beach but can't stand flood hence my quest for dry land. I hope I have answered the questions you raised? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 3:54pm On Nov 23, 2020 |
SurveyorGeo: Where on the mainland? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by amosblisz: 4:11pm On Nov 23, 2020 |
Dijita: I know it's off topic but why is Google still saying 1$ equals #381.50 when it's supposed to be #480 |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by megacontrol(m): 4:33pm On Nov 23, 2020 |
official/CBN rate, not parallel/black market rate is what you'll see on google amosblisz: 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by SurveyorGeo: 4:40pm On Nov 23, 2020 |
somehow:behind unilag estate, magodo |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 4:42pm On Nov 23, 2020 |
SurveyorGeo: Can we talk? Is the land dry? Did you see the pictures I posted on this thread yesterday? I was around there some days ago but can't say if it's the same area. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by megacontrol(m): 4:58pm On Nov 23, 2020 |
Hello, I don't like getting into these but cos you asked a direct question ...Saw this earlier but was trying to settle down before posting a reply. I tried to put down on notes (attached) before getting back on the road, i'll add another quick scenrios below. Off course these numbers are not cast in stone, but the general rule and idea remains. ==== MEGAMOUND ESTATE, IKOTA (I'll come back to insert these numbers later) Land: Build semi detached or 2 detached duplexes for Selling price: Detached duplex 80-100m or more === ORCHID ROAD, CHEVRON TOLL Land: 30-35m today Build 5 units of 3bed + BQ or 4 bed terrace for 100m Sells each for 38m offplan or 40m-42m upon completion...today's going rates 6 months turnaround .. confirmed known practice === IKATE - 800 sqm costs ~50m 3yrs ago. today same land is 90 - 100m but they won't sell, they'll build and flip - Pile foundations and Go vertical, good location for block of flats. selling fast today - Builds 9 units of 2/3 bed apartments... any volunteer should work out cost of building and add - 2 bed sells for 38-40m and rents for 2.5m - 3m today. Short let rates at ~40k per day... these one i'm certain for sure - 3 beds sells comfortably for over 40m. i don't have the rental rates tho, but short let rates are similar to 2bed above at 40k/day. ==== You can do the maths. Buy the land early before it shoots up and wait to appreciate, don't sell but build, build simple and whats going in the market, build brand equity after first project, project will be over-subscribed, then the spillover offtakers are offered the phase 2 in the next location. RINSE & REPEAT. Cheers diordaves: 2 Likes
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 5:25pm On Nov 23, 2020 |
megacontrol: This is what I call “crunching the numbers” 2 Likes |
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