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Nairaland Forum / Nairaland / General / Properties / General Topic Thread-To Discuss Anything And Everything in Building Construction (4683200 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 Thanksss: 10:02am On Nov 24, 2020 |
megacontrol:good morning, please can u check your email |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by EgunMogaji2: 10:40am On Nov 24, 2020 |
Badgers14: Baba if you see the way I just calm down. Big men are talking big money ![]() ![]() Me wey I dey stress say my estate don consume N5M. It’s not even money for these big boys to sort out piling ![]() |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by RockOfAgesAlumi(m): 10:42am On Nov 24, 2020 |
Good morning
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Lynn21: 10:46am On Nov 24, 2020 |
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Badgers14: 10:47am On Nov 24, 2020 |
Still on investment on the housing market in Nigeria. Folks, both home and abroad please have few things in mind before you sell up to puff out your chest to acquire plots or buildings. Know that in Nigerian settings, there are lots and lots of hidden charges that people don't usually factor in. Say you are purchasing a property worth 10m.. before you sell up, Try to find out other hidden charges like agent fee, 5%, 10 %, or ? And other local charges.. say if it is empty plot of land, how much would it cost to do change of ownership, governors consent, land survey, .. the list of things you need to pay before your building plan is approved, omonile ( where applicable), development levy, money for the youths, tax clearance and the endless lists they throw at you this days.. (remember, even though you do your due diligence- you will think, lots of stake holders in the deal might just be trying to tell you what you wanted to hear and push you to make payment and then you have to run around for the rest ![]() That sweet 10m property you saw might end up costing you additional 8m or more or less just before you throw pegs on the ground. Now this is granted people don't get greedy during the transaction, wake up there dead relatives and stand them in line as agent... or come out at the end to claim they weren't consulted prior to purchasing the property so therefore the deal is invalid.. then you have to dole out some cash to pacify them. Same for the 750m or so properties seen here, how much do you think the agent commission would be? You know, when the tit is that big, everybody stays in line. There would be lots and lots of settlement for a deal that big. Are you taking those into consideration? For the kind of build you intend to stand there to recoup your investment, how much do you think the authorities would bill before they approve the building plan? I am not trying to scare anyone or discourage anyone.. all I am saying is to giddy up for this school of hard knock investment in Nigeria. Keep in mind those hidden charges that arises before purchase , during purchase and after purchase of a property. But at the end of the day , Enu kiniun lowo wa Cheers! 4 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Wingnut007: 10:48am On Nov 24, 2020 |
rotecch77: Was in the area yesterday and I think it's decent and has huge potentials. Just that there are too many dust particles in the air and my wife has allergy. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by One4me: 10:54am On Nov 24, 2020 |
n3xt: You try na! ![]() ![]() The Lagos Land has dimensions (it even has C.of.O) but the Iyaganku one does not have dimensions nor C.of.O ! Hmmm..... ![]() ![]() I reckon it could just be the whole of Iyaganku area that is being advertised for that Price. ![]() ![]() ![]() #ApplesAndOranges. ![]() |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by One4me: 11:05am On Nov 24, 2020 |
henrymor: Its a "Chicken and Egg" situation, that is why l made a proviso: If it is the Hanging Type. You can spoil the Plaster, doing the non-hanging type of Artwork (as in, done in-situ) You can also spoil the Artwork while Plastering your Wall. But l would rather you use PVC Nylon to cover the Artwork, than use PVC to cover the whole Plastered Wall. ![]() What would you rather do? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by One4me: 11:08am On Nov 24, 2020 |
henrymor: When it is to be done after plastering, the Workmen will leave the area surrounding the location of the ArtWork, rough (un-plastered, just like 3" round it) and just smoothen that small part into it. See, l have experienced this situation in real life, some years ago and l learnt from it. Mad Bricklayer splashed Cement on everything around (though it is difficult not to splash when doing Plastering) and you know that Plaster Cement sticks more than normal setting Cement. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:10am On Nov 24, 2020 |
One4me: Baba, Iyaganku GRA without CofO ![]() That location is the Ikeja GRA of Oyo state. Whatever is obtainable in Ikeja GRA you shall find in Iyaganku GRA. It’s just that the successive government in the state are myopic. Baba egunmogaji2 should know that parcel of land around Akinyemi roundabout. It can’t be more than 6000sqm due to setback requirement from Transmission line. That’s even the outskirt of the GRA ![]() ![]() Since you assume it’s the whole of Iyaganku GRA that’s advertised at that price, can you help me buy na ![]() |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Wingnut007: 11:14am On Nov 24, 2020 |
somehow: Naaa...I won't. I'm staying away from such lands, especially the very swampy ones. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by One4me: 11:14am On Nov 24, 2020 |
Chekitaut: No doubt, Brabus should have been a Marketer! That is his calling, l think. His "Packaging/Hype" is second-to-non and No-be-today. ![]() ![]() But we can not begrudge him for that, its a gift. ![]() 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by One4me: 11:23am On Nov 24, 2020 |
n3xt: I have to be careful before you convince me to buy it right-away. See the way you are "Packaging" it already! ![]() ![]() ![]() What is the distance of Iyaganku GRA to the nearest International Airport, and that of Ikeja GRA to an International Airport? Imagine, the Price of 6,000SqM at Iyaganku, being compared to the price of 1,500SqM at Bourdillon ![]() I am sure you will "Package it" and tell me they are all within the same radius! ![]() ![]() BTW, l dont want people living at Iyaganku to think l am dissing their area, nothing like that, it is just that you are over-packaging the whole thing. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 11:24am On Nov 24, 2020 |
Yea, they consume money. Once you want to sell a land to me, I take the name of the area and go straight to google map to check images of the area before physical inspection. The land can be dry but what about the street or area as a whole? Wingnut007: |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:26am On Nov 24, 2020 |
One4me: Does that change the rent price in Megamound estate? No! It’s an irrefutable fact. Guess what more developments are happening in that axis than all the cheap lands in Eleko and Ibeju. Will I encourage my client who spent over 50m on his project to be looking for N2,000,000 pa tenant? No! That’s why those who engaged us got quick returns on their investment. Check out Brown Mews by NextHome. Despite the fact that people think Lekki Scheme II is in the bush, the project is sold out within the shortest time possible! The system that produced us trained us to become a sales engineer and not just someone pushing out mathematical theories that cannot help his/her client make good investment decision. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Wingnut007: 11:37am On Nov 24, 2020 |
SurveyorGeo: Great thanks. Please how can I go about checking the status? Also, how much does it cost to survey and properly document a half plot of land in Ikorodu? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:39am On Nov 24, 2020 |
One4me: Baba this is how most people make wrong investment decision. Let me help you rephrase for better understanding. Imagine, the Price of 6,000SqM (undeveloped land in IBADAN without social amenities or close to an international airport; very close to transmission line that requires 22m setback and a major road that requires 30m setback) at Iyaganku GRA, being compared to the price of 1,500SqM (fully developed and near to upscale development in Lekki and Banana Island) at Bourdillon :- First of all the impression we were given is that lands in Ibadan are given to people for free. I’m surprised we were having this conversation in the first place ![]() ![]() ![]() One day, you’ll buy Elebu more expensive than Lekki. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Wingnut007: 11:57am On Nov 24, 2020 |
somehow: I do the same thing too. It even gets better when Street View is available in the area. There is a lot to consider. At times, when I am in the area, I go around asking one or two locals. When trying to find out what an area is like during rainy season or if it floods, ask Okada riders and Yellow Cab men around the area. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rotecch77(m): 1:05pm On Nov 24, 2020 |
Wingnut007: The dust around the road is due to road construction which connect Ebute to ogolonto to the main expressway to miles 12 |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Bakin3(m): 1:35pm On Nov 24, 2020 |
We construct Bio (Modern Sockaway) The advantages of Bio Digester toilet are as follows: No Dislodging of Human Waste It's eco-friendly No foul smell Needs only a small space Suitable for any soil condition No contamination of groundwater etc |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 1:40pm On Nov 24, 2020 |
Wingnut007: True and the gutters too I also check the vegetation and their health to know if it gets enough water (flood) to nourish them. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Perfecttouchade: 2:15pm On Nov 24, 2020 |
Perfect Touch Aluminium for your aluminium windows |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by davodyguy: 2:22pm On Nov 24, 2020 |
zuraking: I remember when I educate Valuers not to visit castle magazine or jiji, Nigerian Property Centre etc when the are doing valuation. Simple reason is that advertised prices are not market values. Most of these properties have been in the market for couple of years, but keep getting refreshed or updated by the vendors to appear on first page and no one is buying or renting. As a Chartered Valuer (ASA/RICS) trained, I laugh when I see funny adverts 7 Likes 1 Share |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nobody: 2:42pm On Nov 24, 2020 |
zuraking:and that can't be done between 4 - 5 years? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by timileyinoyela(m): 2:48pm On Nov 24, 2020 |
Hello Guys My name is OLADIMEJI,OLAYEMI JOEL. I deal with Gerrard,rain water collector and aluminium roof you can also call me Seun roof. You can contact me for your. aluminium,Gerrard,rain water collector ROOF. I also act as a roof consultant,simply tell us your budget and we will advise you on the best roof that suit your budget,we can also give you a rough estimate for your roof before you get to the roofing stage. U might ask HOW? it's our job. u can also send ur roof plan to us for your roof quotation without getting to the site. Even if u don't have a house or building yet,you can refer someone to us and you get a #50,000 or more referral bonus( once we get the job done) so what are u waiting for,refer 10people u get #500,000 or more. Motto:HONESTY AND TRANSPARENCY. Contact me: OLADIMEJI OLAYEMI @SUIT 11 TRANS AMUSEMENT PARK BODIJA IBADAN. WE CAN WORK At any part of Nigeria. Phone number:08068229185, WhatsApp line:07011079846 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by SurveyorGeo: 2:56pm On Nov 24, 2020 |
1550sqmts of land for sale at Erunwen, Ikorodu. Solid land and free from govt acquisition, it has foundation of 4 units of 2 bedroom flat. for #10m
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by timileyinoyela(m): 3:05pm On Nov 24, 2020 |
Hello Guys My name is OLADIMEJI,OLAYEMI JOEL. I deal with Gerrard,rain water collector and aluminium roof you can also call me Seun roof. You can contact me for your aluminium,Gerrard,rain water collector ROOF. I also act as a roof consultant,simply tell us your budget and we will advise you on the best roof that suit your budget,we can also give you a rough estimate for your roof before you get to the roofing stage. U might ask HOW? it's our job. u can also send ur roof plan to us for your roof quotation without getting to the site. Even if u don't have a house or building yet,you can refer someone to us and you get a #50,000 or more referral bonus( once we get the job done) so what are u waiting for,refer 10people u get #500,000 or more. Motto:HONESTY AND TRANSPARENCY. Contact me: OLADIMEJI OLAYEMI @SUIT 11 TRANS AMUSEMENT PARK BODIJA IBADAN. WE CAN WORK At any part of Nigeria. Phone number:08068229185, WhatsApp line:07011079846
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 3:07pm On Nov 24, 2020 |
timileyinoyela: If you are paying 50K for referral People shouldn't do business with you Your prices So if you do a roof after paying your staff What will be your profit? Oh boy take your time "you can refer someone to us and you get a #50,000 or more referral bonus( once we get the job done) so what are u waiting for,refer 10people u get #500,000 or more." 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by timileyinoyela(m): 3:34pm On Nov 24, 2020 |
GoodFaith:with all due respect,I said after getting the work done. That means I will prepare the quotation for u to give to whosoever u are referring to me,it's a business strategy,it's a compensation,what I realise is from the job is not your business,the basic thing is to deliver my service and my client get satisfied with my job,I can buy something of #10 and decide to sell for #500, it's business. It's a business. Don't come on my page and say people shouldn't do business with me,so far I am not defrauding any people here,I myself might not even see up to #50,000 but the satisfaction with job which will make people to recommend you to other people is the goal |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by qdlvy: 3:40pm On Nov 24, 2020 |
megacontrol: You're correct on this. megacontrol: Let me first admit I don't know too much about finance and investment but I have been forced to learn by myself on how to manage my own assets and money. With that been said, I will never invest my money in Naija TBills, stock market or real estate for that matter . I'm sorry but the economy practices and instability in the country doesn't fill me with any confidence. In regards to real estate investments in the country, I'm willing to bet the majority of them lose money when intricate number crunching and adjustments are made. Yes, you're right that domain knowledge might mitigate these risks to turn a profit but only very few shrewd and prudent (or lucky with inheritance or government lobbying) will make money. The lack of verifiable data is also one big problem to making educated investment in the country as opposed to the slew of anecdotes I have seen people making here. Sorry, I can't take all these stories of "my clients, my neighbor or the alhaji down the street" seriously. I need verifiable data and if the shambles that is the naira is anything to go by then I'd rather invest in somewhere else. Take for example, average exchange rate usd-naira in 2010 was 122 naira to 1 USD (source: https://www.exchangerates.org.uk/USD-NGN-spot-exchange-rates-history-2010.html). Today it's 470 naira to 1 USD. If you had 100k USD in a low cost index fund like the VTSAX or VFIAX from 2010 to 2020, you're looking at 6% annual return (adjusted for inflation) compounding to $179,084.76. (source: https://americanfundsretirement.retire.americanfunds.com/tools/calculators/investing-results.htm https://dqydj.com/sp-500-historical-return-calculator/). Yes, it does comes with its own risk which can be minimized with diversification but the potential return will be lower. The advantage is you don't have to do anything. Just leave the money there, you don't have to worry about tenants, repairs, omo onile etc. And your money will be in a strong stable currency. Land bought in 2010 for 12.2 million naira (100k USD) can become what in 2020? 45 million or 50 million which is sadly still 100k USD today. Yes, location and domain knowledge matter but I'd rather just take the trusted and easy route. 6 Likes 1 Share |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by GoodFaith: 3:54pm On Nov 24, 2020 |
timileyinoyela: You will add the 50k to the quotation ? I fully understand your goal But 50k is on the high side for referral Nobody should make over 100k for a roofing job if you make 100k you are robbing your clients The average labor cost aluminium roofing should be about 100k You will pay people from that 100k ok, I guess you are going to get the money from increase the measurement of the roof 3 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by megacontrol(m): 4:05pm On Nov 24, 2020 |
Don't sweat it man, either ways is just fine... the most confusing set of artisans must be in the building/construction industry. What you have for most of the stage work is minimum standard but not necessarily standard practice. There are best practices but then that also depends on who you're talking to. There is always an argument for or against any method you choose. So if the artisan is tending towards one method, it is probably what What you should be more concerned about is which method or sequence will consume more materials. In summary, we do it after plastering and have had good results w/out issues. We do simple designs of 6in wide x 2in thick (outward projection from the plastered wall) , done by hand (i.e. not the precast and hanging type) and still standing. I've learnt not to sweat the small stuffs. henrymor: |
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