otokx: Experience differs from theory, go to UNIPORT and see empty private residential blocks for students. The ones that have occupants, its always 1 day 1 trouble. In other news no light as usual.

mesoade: Yeah i get you. . .

Bt we too dey giv investors free hand 4 9ja,most of dem no even get visa nd dem go come here dey form micheal scoffield and we sef if we c dem wey dey do one kind as if dem b celeb.
Bottom line-investors should have restrictions in 9ja


anyway,My dad is tryna build one close to one state university like that.

ojeffo:
Ur dad....?? Wen will u build your own

Smiler11: How much does it cost to build 10 rooms apartment

Emeca: good way to invest ur money for long-term returns.

And its just getting started. With student population going thru d roof expect demand to be on d steady increase.

zleemshaddy: I hail of una oo

segzy14: [b]No.3:Ensuite Single Room Student Hostels
This type of student housing design is for students who have something extra to spend. And who are willing to pay a bit more to get some privacy.
As mentioned above, the major drawback of single room (face me I face you) buildings in Nigeria is the fact that everyone shares a common overcrowded insufficient and, often, sub- standard kitchen, bathroom, and toilet.
The ensuite single room student hostel (or student accommodation design) seeks to solve this problem.
With this student housing design, each room has its own
bathroom, kitchen and toilet. This design is obviously more
expensive to build.
For starters, it occupies more land space and it requires installing more amenities.
For example, a regular 10-room building will have maximum of two toilets, two baths, and two small kitchen. But in the case of ensuite 10-room building, there will be . . .
10 toilets
10 baths and
10 kitchen
Nevertheless, the home owner of his kind of student hostel or student accommodation can charge more for it because of the perceived higher value in the eyes of students or other category of tenants.

[/b]

segzy14: [b]No.3:Ensuite Single Room Student Hostels
This type of student housing design is for students who have something extra to spend. And who are willing to pay a bit more to get some privacy.
As mentioned above, the major drawback of single room (face me I face you) buildings in Nigeria is the fact that everyone shares a common overcrowded insufficient and, often, sub- standard kitchen, bathroom, and toilet.
The ensuite single room student hostel (or student accommodation design) seeks to solve this problem.
With this student housing design, each room has its own
bathroom, kitchen and toilet. This design is obviously more
expensive to build.
For starters, it occupies more land space and it requires installing more amenities.
For example, a regular 10-room building will have maximum of two toilets, two baths, and two small kitchen. But in the case of ensuite 10-room building, there will be . . .
10 toilets
10 baths and
10 kitchen
Nevertheless, the home owner of his kind of student hostel or student accommodation can charge more for it because of the perceived higher value in the eyes of students or other category of tenants.

[/b]

segzy14: For further assistance you can reach me on

Tel: +2347035596641,+2348178706641
Whatsapp: +2347035596641
Bbm: 7E0BF295
Email: info@saeltd.com.ng, s.ajose@saeltd.com.ng and samuelajoseengineers@gmail.com
Website:: www.saeltd.com.ng
Cheers
Samuel

oladayo042: You should have done this from the beginning of the thread. I know this is the only reason why someone will say a plot of land close to campus costs between N400k to N1m and dish out fancy ROIs. Are you in Nigeria?

Theory is truly different from practical.

chiboy11: U did nt state ow much it wil take to build such

uglyogre: Wonderful write-up. Once you have a good management system, and a working contractual agreement, then hostel development is a profitable investment!

segzy14:
Land,

Buying of land at your choice location. Price of land is between N400,000 - N1,000,000 in a very good location closer to the campuses

ghettodreamz:

The above is not generally true, the last time I checked with a property agent, almost 3 years ago, the least a plot of land could be sold for was 1 milla (Lautech to be precise). If 3 years ago, the least a plot of land could be sold for is as high as 1 milla around underG area of Lautech. How much do you think such land would cost as at now?

Every other information up there, are so on point, and no doubt there is money in real estate as far as Nigeria is concerned, but it could be capital intensive to bring to fruition too. And of course, contracting skilled and honest builders to work on the project is so paramount, likewise having a good supervision during the project as well as good management of the said property after its completion.

Thank you for posting.

segzy14: Below are the procedures for starting such;

Phase 0ne
• Project Feasibility study, investment analysis and income projection
• Facilitation of land at good location near the campus.
• Processing of relevant land documents.


Phase two
• Draw building plans and obtaining building approval.
• Building construction.


Phase three
• Project management and maintenance.

mufutau55: Glad we made it to the Frontpage, wonder what I did right and differently this time... I am still vexing... not happy with others that did not make it.

Hajji M.

segzy14:

lol,

onila: yr right

my mother just built a block of flats for students near a federal university in Nigeria

shes making 9 million naira a year just from that house