ananne:

Thanks for the feedback.

Any recent review. The architect who built my house recommended it. He is an experienced builder who has built lots of houses for high net individuals around the nnewi/awka axis.

I like steptiles too. That's why I need other opinions to decide.

Hello sir in case you need any of our services we will be glad to come in.. we are currently working around Awka

https://www.nairaland.com/5681155/electrical-audio-system-cctv-fire

You can check our link abovr

zuraking:
I like it when we feign ignorance even when we actually Know the reality. I want to see anyone here who can be bold of having 200m he/she isn't using and can use to buy 1 plot of land after working for decades home/Abroad

It's not ignorance, it's reality. You are talking of people working decades in abroad. Just relax. Those who actually have such money and more don't reveal themselves even when you visit them in their house the first time. They are extremely simple that even when they open the door to come you'll think the individual is a relative to the owner.

If you have the ability to discern properly even here those who have you'll see it from their post when they do actually post. They don't exhibit bragging rights carelessly and senseless pride.


No be every person wey dey abroad dey abroad.

Blessed week ahead:
Polyurethane wall panels will make your rooms fine like this.
It’s self adhesive, meaning you don’t spend extra for glue
It’s surface is water proof and also stain proof
Price is #3k per square meter
Contact me 08116671284

nnadychuks:
Blessed week ahead:
Polyurethane wall panels will make your rooms fine like this.
It’s self adhesive, meaning you don’t spend extra for glue
It’s surface is water proof and also stain proof
Price is #3k per square meter
Contact me 08116671284

lovely

Esosaqueen:
is building a house in Nigeria even worth it for one outside the country?

No.

Except if you plan to move back.

nnadychuks:
Blessed week ahead:
Polyurethane wall panels will make your rooms fine like this.
It’s self adhesive, meaning you don’t spend extra for glue
It’s surface is water proof and also stain proof
Price is #3k per square meter
Contact me 08116671284

1) How does it behave in a fire?

2) Does it have any odor?

Thanks.

BrabusNG:


Not everyone here is looking for cheaper alternatives.

How do I know?

I have client here who spent as much as N2m to draw a semi detached duplex plan. Most architects here would charge 700k as premium to go same job.

I have those who spent as much as 20m to import unbreakable glass panel for their residential builds. A cheaper alternative would cost less than N4m.

There are people making it legitimately here. They’re just silent.

I support their silence for safety but it also leads to disgruntled asshats saying that the Nigerian economy is dead. It’s not.

BrabusNG:


Not everyone here is looking for cheaper alternatives.

How do I know?

I have client here who spent as much as N2m to draw a semi detached duplex plan. Most architects here would charge 700k as premium to go same job.

I have those who spent as much as 20m to import unbreakable glass panel for their residential builds. A cheaper alternative would cost less than N4m.

There are people making it legitimately here. They’re just silent.

N2m plan for a semi detached?

Commonsense101:

N2m plan for a semi detached?

Yes. There are concept designers and there are architects. The latter do signature builds.

BrabusNG:


Yes. There are concept designers and there are architects. The latter do signature builds.

You are saying here that architect does signature builds. what does concept designers do?
I am asking because a former school mate gave me a quotation of about #2million for a job that cost me about #400k on naira land. I don't think the price one pays for a design project necessarily determine the quality of the design. Pls note the emphasis

bixton:


It's not ignorance, it's reality. You are talking of people working decades in abroad. Just relax. Those who actually have such money and more don't reveal themselves even when you visit them in their house the first time. They are extremely simple that even when they open the door to come you'll think the individual is a relative to the owner.

If you have the ability to discern properly even here those who have you'll see it from their post when they do actually post. They don't exhibit bragging rights carelessly and senseless pride.


No be every person wey dey abroad dey abroad.

I think your response did not address the key point raised by Zuraking. His issue is not that many rich people live simple life. His issue is that most people who work hard for their money don't spend it anyhow.

Dijita:


You are saying here that architect does signature builds. what does concept designers do?
I am asking because a former school mate gave me a quotation of about #2million for a job that cost me about #400k on naira land. I don't think the price one pays for a design project necessarily determine the quality of the design. Pls note the emphasis

My bad. Concept designers do signature builds.

You’re right but you’ll agree with me that there’s always a premium price to pay for quality.

Dijita:


I think your response did not address the key point raised by Zuraking. His issue is not that many rich people live simple life. His issue is that most people who work hard for their money don't spend it anyhow.

The irony of it is that my biggest projects here are owned by people who have never made any comment on any thread on nairaland.

They knew exactly what they wanted and they simply go for it without making noise.

One would naturally assume someone who spent over 8m to roof a semi-detached building (using longspan roofing) is wasteful.

But here’s the thing, the man understands:

- that to achieve better insulation, you need to spend more. Some other guys felt installing stone-coated roofing and POP ceiling will do the same job as installing acoustic mineral wools on the roof.
- that steel roofs have higher lifespan than other types of roofing.
- that achieving a maintenance free roof has its own cost and opted for a thicker aluminum membrane.

whirlwind7:


Sigh.
I used to be like this before.
This used to be my mentality. Thinking you had to be a "ritualist" to be very rich.

Elon Musk lost USD12.4 billion in a single day this January. All those amounts of money you mentioned are chicken feed compared with it.
I got nothing to explain to people who believe that rich folks must have achieved it through voodoo.
Why isn't black Africa the richest continent by now?

I don't buy into the fact that people can make money through ritual. However there are people doing ritual to make money. In most cases their success is what I can call placebo effect.
However, I am with Zuraking that 99% of people paying 200million to buy a plot of land are not making their money legitimately.
If you disagree with me please educate me on the business these people are doing. remember for a plot to go for that price it means the demand is very high. This is not 1, 10 or 20 people. You are talking of about 100 to 1000 people from the same area. What is Nigeria GDP?

Dijita:


I don't buy into the fact that people can make money through ritual. However there are people doing ritual to make money. In most cases their success is what I can call placebo effect.
However, I am with Zuraking that 99% of people paying 200million to buy a plot of land are not making their money legitimately.
If you disagree with me please educate me on the business these people are doing. remember for a plot to go for that price it means the demand is very high. This is not 1, 10 or 20 people. You are talking of about 100 to 1000 people from the same area. What is Nigeria GDP?

there are level to everything in life. Condo houses in New York City pass like this and na person dey buy am. Make we leave this "ritual money" behind. Na for Nollywood e dey happen.

If his argument was that people do fraud and embezzle public funds that's totally different

OAK Group welcomes you to a new week. Blessing is ours in God's name.

Dijita:


I don't buy into the fact that people can make money through ritual. However there are people doing ritual to make money. In most cases their success is what I can call placebo effect.
However, I am with Zuraking that 99% of people paying 200million to buy a plot of land are not making their money legitimately.
If you disagree with me please educate me on the business these people are doing. remember for a plot to go for that price it means the demand is very high. This is not 1, 10 or 20 people. You are talking of about 100 to 1000 people from the same area. What is Nigeria GDP?

Smiles.

Bros, as at 2012, I met a young guy (a very popular guy) about 32, in the Telecoms industry in Nigeria. We wanted to do his build in Banana Island and the land cost is N300m.

Believe me, he’s not building a 2 floor house on the land.

I got my experience in the construction industry working with developers who built most of the upscale developments in Ikoyi. They buy small plots in choice locations and build MDUs, MTUs and mixed-use developments.

A lot of people said these buildings are vacant but what most people don’t know is that people pay premium to own and keep most these addresses.

It is niche marketing - targeted at selected few. That’s what the likes of Sujimoto are doing.

EgunMogaji2:


No.

Except if you plan to move back.

while it may not be worth it for someone who does not plan to move back to nigeria, it is advised odne does it because nobody knows tomorrow. you are in another mans land and anything can happen at anytime. for me i would say its necessary but not compulsory because the peace of mind you get when you come back aand move into your own house to enjoy your holiday is priceless. no matter how small the house is.

crisisng:
Thanks alot for this.
You have relaxed me a bit now cause my electrician insisted that I don't really need the thunder arrestor as long as I have the earth rods so just wanted to be sure.

Hi, how did this go? Did you finally buy the lightening arrester itself to place on the roof, if no? What has been your experience so far?

Okuda:


while it may not be worth it for someone who does not plan to move back to nigeria, it is advised odne does it because nobody knows tomorrow. you are in another mans land and anything can happen at anytime. for me i would say its necessary but not compulsory because the peace of mind you get when you come back aand move into your own house to enjoy your holiday is priceless. no matter how small the house is.

Smiles.

My elder sister had a house before she left Nigeria but she gave it to our baby brother. Today, she stays with us whenever she come visiting because she hasn’t been able to come to terms after 2 decade with building a house in Nigeria.

As a matter of fact, she always shelve the idea of coming home because there’s no place to call home.

I support building a house here in Nigeria. I do not support building a very large house back home. That’s wasteful spending!

Even me sef dey think of downgrading to a 2 bed contemporary build in the next decade.

BrabusNG:


Smiles.

My elder sister had a house before she left Nigeria but she gave it to our baby brother. Today, she stays with us whenever she come visiting because she hasn’t been able to come to terms after 2 decade with building a house in Nigeria.

As a matter of fact, she always shelve the idea of coming home because there’s no place to call home.

I support building a house here in Nigeria. I do not support building a very large house back home. That’s wasteful spending!

Even me sef dey think of downgrading to a 2 bed contemporary build in the next decade.

different strokes for different folks. some people like to come back every year even with their "foreign family", some people are family centric and consider their extended family when building but i would say anything within 4 rooms and below is optimal for a large family person and 3 rooms if you just have a normal family size of 4 people all inclusive.

EgunMogaji2:


1) How does it behave in a fire?

2) Does it have any odor?

Thanks.

If the whole building is on fire then 3D wallpanel will not save it.
Alright...
3D foam panels are just exactly what the name is like. It’s not fragile to handle, unlike Pvc panels.
One good feature of this panel is that it doesn’t require extra gum or glue to fix it. it’s self adhesive, meaning it already has gum at the back.
Some other features include:
1) water proof
2) stain proof
3) echo resistant
4) noise reduction ability
5) self adhesive
6) odorless
7) washable
reusable
If you’re moving out of the building you can remove it and reinstall it where you’re going. However, this time, you’ll need extra glue to fix, as it must have lost its adhesive power due to peeling off.

n3xt:


If rent is as cheap as 350k, it makes no financial sense to buy a land and build any type of house there. You won’t recoup your investment in 2 decades even if the rent is increased by 300%.

I once lived in an estate where you pay N2m/ annum to rent a 2 bedroom BQ and 1000sqm land is sold N45m within the estate.
We also pay as much as N7m / annum (and even far more) to rent duplexes in some location in Lagos.

If it’s an industrial area, the price 100m/plot is still cheap compared with what’s obtainable around here.

Instead of investing in such area, a wise investor will look for land in neighboring communities and buy land at cheap price to develop residential projects.
If however, the plan is to flip lands - it’s a wise decision in my own opinion.

Your thought process is very plausible and I do agree with it.

I did a write up here once about peoples thought process in investment, some people are looking at Economics like you are, some people are sentimental investors making investments
decisions to a place they are emotionally attached to or to have a sense of pride say I own this and that in here and there..


However, I don't think folks in the East, Onitsha to narrow it down think in terms of Economics.. in my opinion it is sentiment, sense of pride.

For the Easterners, it is a beautiful thing, a sense of pride to own a property back home. Akuluno ( If wealth reaches home - that's the literal translation). Economics is not heavily factored in it.

Why would someone buy a bungalow of 18m to knock it down and spend 55m+ to erect 3 storey building and collect 300 - 350k per annum? It does not make any business sense it will take longer for someone to recoup their investment.. legends have it that average recoupment of a real estate is between 10 to 15 years.

And do you know that most lands in Onitsha are not free holds. They are leased from the natives. They used to lease the lands for 99 years, but they stopped that, I heard they lease 50 or 25 years now not sure, some families lease for 15 .

Now back to our prior calculations, bungalow 18m + agent fee, change of ownership etc, new building 55m and remember the land might have 10 years or even 5 years lease left so you will get ready to go haggle with the family in few years time. It doesn't make a business sense if you ask me, but people are doing it and don't have any regret about it.

Happy New week everyone we still supply Hardwood for roofing, and accept payment on delivery, thanks

Call for your best pop design

nnadychuks:

If the whole building is on fire then 3D wallpanel will not save it.
Alright...
3D foam panels are just exactly what the name is like. It’s not fragile to handle, unlike Pvc panels.
One good feature of this panel is that it doesn’t require extra gum or glue to fix it. it’s self adhesive, meaning it already has gum at the back.
Some other features include:
1) water proof
2) stain proof
3) echo resistant
4) noise reduction ability
5) self adhesive
6) odorless
7) washable
reusable
If you’re moving out of the building you can remove it and reinstall it where you’re going. However, this time, you’ll need extra glue to fix, as it must have lost its adhesive power due to peeling off.

You answered the question about odor but not fire behavior.

Isolrite.

BrabusNG:


My bad. Concept designers do signature builds.

You’re right but you’ll agree with me that there’s always a premium price to pay for quality.

The same crew that built my under $500K house in Texas builds $5M mansions across the road. When I joke with them about stuff like they didn’t give me bullnose corners and real hand laid stone facade for the fireplace, they give me a lecture on price per square foot

No argument.

EgunMogaji2:


The same crew that built my under $500K house in Texas builds $5M mansions across the road. When I joke with them about stuff like they didn’t give me bullnose corners and real hand laid stone facade for the fireplace, they give me a lecture on price per square foot

No argument.

An architect who draw a house with windows as traditional means of achieving thermal efficiency cannot and should not earn same amount as a designer who introduced an atrium or a courtyard to achieve even more (natural light, cross ventilation, strong indoor + outdoor connection...)

One is offering a premium service while the other is just doing the norm.

BrabusNG:


Smiles.

Bros, as at 2012, I met a young guy (a very popular guy) about 32, in the Telecoms industry in Nigeria. We wanted to do his build in Banana Island and the land cost is N300m.

Believe me, he’s not building a 2 floor house on the land.

I got my experience in the construction industry working with developers who built most of the upscale developments in Ikoyi. They buy small plots in choice locations and build MDUs, MTUs and mixed-use developments.

A lot of people said these buildings are vacant but what most people don’t know is that people pay premium to own and keep most these addresses.

It is niche marketing - targeted at selected few. That’s what the likes of Sujimoto are doing.

You failed to address my point. I know a 26 yrs old Nigerian college drop out in US that is worth minimum of $5million (#2billion) that does not mean he is going to come home and buy #200million plot of land. He work for his money and will not waste it like that. I am not disputing that there are people who made money legitimate that can buy #200million plot of land . What we are saying is that they are very few and far in between. majority of those shelling that kind of money are not getting it through legitimate means.

Dijita:

You failed to address my point. I know a 26 yrs old Nigerian college drop out in US that is worth minimum of $5million (#2billion) that does not mean he is going to come home and buy #200million plot of land. He work for his money and will not waste it like that. I am not disputing that there are people who made money legitimate that can buy #200million plot of land . What we are saying is that they are very few and far in between. majority of those shelling that kind of money are not getting it through legitimate means.

If he doesn’t know what to do his money, in order to turn it over and make more money, he’ll assume investing 200m in real estate is a waste of money.

If I have 200m, there are areas in Lekki that I’ll like to own a plot and flip within 2 years.

200m is nothing bro to what people are investing here. I knew plots of land that goes for billion of naira in VI, yet people are buying and recouping their investment.

For your information, banks will give you any amount to fund any project right now so it doesn’t mean most of these guys dole out their cash. Even Dangote is collecting loans to fund projects.


______

I think this is kobokobo world so some projects will seem like impossible to many of us.
Come to skyscrapercity.com and see how architects are talking about million dollar projects funded by banks.

______

So you’re of the opinion, anyone who buy a 200m land in Nigeria is a thief
Issokay!