kelvine:
Beware of scam. You don't have to come online to announce you inherited 3 million naira, you can check with consultants near you.

Temidayo9:
People still dey build 4 bedrooms ?

kelvine:
It is very cool to seek info here, my concern is for him to divulge such a private and sensitive information about how he got the money including the exact figure in cash, gets me worried how smart he is dealing with strangers. Nairaland is a most helpful forum, but many faceless businessmen use it as a medium to scam naive newbies like the OP. Possibilities are that he is presently exchanging home address with a forumite in a PM.

This young man here would likely have relatives who just discovered his father willed him 3milla in cash, that is likely a source of family conflict also a security loophole.
The OP doesn't sound 'street wise' in the presentation of his inquiry. His post should have read ''how much would one need to....?"

Emblj:


At first i thought of ignoring ur post but on 2nd thought felt it will be good to let u know u need to learn to be polite not only on social media but in ur everyday life. More so u dont know d person @ d other side.

Financial literacy requires u learn to invest resources and make returns over time. 10 - 15 yrs isnt a short duration. If in doubt add 10-15 yrs to ur age and imagine where u would love to be and things u would love to av achieved then u realise it is an investment.

More so it may not take him that long to recoup his investment. The time frame is for him to maximise his profit.

lagbaja:
It is interesting reading all the divergent views here, while some believe that N3m is enough to build, others thinks it's simply a joke. Here are Lessons drawn,

1. We look at prisms from different perspectives, what is back to one is front to another. Tastes are different. While some were looking at the house to provide them luxury and comfort, others simply needed it to provide security and shelter. E.g someone added the cost of PoP, while others simply quoted for ordinary ceiling.
2. Laborers and builders have cheated so many people into believing that building houses are more expensive than they actually are, that explains why there are so many incomplete projects flying all over the country. Labour cost varies from one location to another,but you can bridge the gap by relocating labourers from areas of lower charges to areas of higher charges.
3. Ignorance is a limiter, if you desire to do a thing, learn all you can about it otherwise people will take advantage of you. E.g someone quoted electrical at N300k for electrical installations whereas it shouldn't cost more than N100k for the high end. He is probably talking from his experience.
4. If you believe you can, yes you can, if you believe you can't , yes you can't. Everyone is right.

Reference:


And why shouldn't electricals cost up to 300,000. This is average thinking. The right and wise approach is to find out what you are getting for a specific amount rather than question the amount itself because there is no guarantee cheaper means better value for money. When you look through the landscape of Nigerian enterprise you discover a viscious cycle of poverty caused by the failure to uphold standards. Cost should never be the most important factor.

Keneking:
Ok..It depends...

1. Borehole - N600k
2. Fence and gate - N600k
3. Aluminium Roof - N700k
4. Wooden roof skeleton and frames - N500k
5. Blocks - N 600k

You might request that he abandons you one more time to raise additional funds to complete the pending points.

Why not wait till Buhari resumes as President...things would be cheap by then?

olatunji21:
Can 2.5M get this ready?.. Land available somewhere in ibadan..

segzy14:
Attached is a Design for a Four bedroom bungalow.
The Estimated cost of Erecting such 4 bedroom bungalow is 5,795,467.2 (FIVE MILLION,SEVEN HUNDRED AND NINETY FIVE THOUSAND ,FOUR HUNDRED AND SIXTY SEVEN NAIRA, TWO KOBO ONLY )


Find the breakdown as shown:


The Cost of the Four bedroom bungalow

1. substruture carried to summary 1,120,471.2
2.block and concrete works 913,919.2
3.timber roof members and roof tiles 1,145,583.2
4.doors 403,200
5.aluminium window 156,384
6.plaster of paris(p.o.p) 496,800
7. tiles 613,944
8.plastering and dressing 173,664
9.soil and waste pipe 19,584
10.water supply pipes 55,209.6
11.electrical conduit pipes and boxes 73,152
12.sanitary fittings 128,635.2
13.electrical wiring 132,120
14.painting 169,293.6
15.electrical fittings 54,907.2
16.septic tank and soakaway 111,240
17. inspection chambers 11,808
18.soil drain 15,552

Total is 5,795,467.2 naira only.


..Materials, Labour,and Supervision Fees all INCLUSIVE
..Plaster of Paris(P.O.P) to be used for Ceiling
..Floor and Wall tiles
..Step roofing tiles to be used

e.t.c .....

For more information;
Email: samuelajoseengineers@gmail.com, saeltd14@gmail.com
Call : +2347035596641, +2348178706641
whatsapp: +2347035596641

livebullet:
Dear ALL,
I just received a cash inheritance from my father who abandoned me for many years until his last days...intend erecting a 4bedroom apartment but i dont know how far i can go with just 3m in a rural area. I need your suggestions...I knw we got consultants here!

Keneking:
Ok..It depends...

1. Borehole - N600k
2. Fence and gate - N600k
3. Aluminium Roof - N700k
4. Wooden roof skeleton and frames - N500k
5. Blocks - N 600k

You might request that he abandons you one more time to raise additional funds to complete the pending points.

Why not wait till Buhari resumes as President...things would be cheap by then?

Jcob:
ok. . . so my wife said I should add one or two things to this thread.

You have 3 million naira to spend on a 4 bedroom apartment abi.

Hope my breakdown would be helpful base on personal experience.

Land in New Lagos Locations ( Mowe, Ibafo, Ofada, Magboro, Ikorodu, Agbara etc) N600k average in interior parts or average of N2m per plotin outer parts. My recommendation is you buy half plot of land. Prolly 30 by 120. Budget N400k for this.

Balance N2.6M

Forget fencing for now.

Borehole - 120k

Block 9 inches for outer walls and 6 inches for inner (4000 pieces) AVerage of 500k

2 "20" tons of sharp sand and 2 gravel - N134k

Cement to lintel stage - 50 bags - N100k

Workmanship - digging, foundation and setting to lintel - N140k

Omonile foundation money - Beat it down to N50k

Lintel and Last 2 coaches - Cement 30 bags for round beam - N60k
Welder - N80k
Carpenter - N25k
Bricklayer - N60k

Roofing

planks for roofing and logging including carpentry workmanship - N300k

Step tiles aluminium - N350k

Omonile - N50k

Soakaway (use filling from soakaway to fill part of the house) - N220k

Window Aluminium with Net - N150k

Plastering

Plaster sand - 40 tons - N70k

Cement - 65 bags - 130k


Your total budget is now N2,939,000

3m will go far but wont be able to finish the project. Add 1m to it and get it to an appreciable stage you can live in.

All the best!

Malawian:

i no see where you add eletricial stuff for your budget abi na lamp or mpanaka sure pass?

lagbaja:
It is interesting reading all the divergent views here, while some believe that N3m is enough to build, others thinks it's simply a joke. Here are Lessons drawn,

1. We look at prisms from different perspectives, what is back to one is front to another. Tastes are different. While some were looking at the house to provide them luxury and comfort, others simply needed it to provide security and shelter. E.g someone added the cost of PoP, while others simply quoted for ordinary ceiling.
2. Laborers and builders have cheated so many people into believing that building houses are more expensive than they actually are, that explains why there are so many incomplete projects flying all over the country. Labour cost varies from one location to another,but you can bridge the gap by relocating labourers from areas of lower charges to areas of higher charges.
3. Ignorance is a limiter, if you desire to do a thing, learn all you can about it otherwise people will take advantage of you. E.g someone quoted electrical at N300k for electrical installations whereas it shouldn't cost more than N100k for the high end. He is probably talking from his experience.
4. If you believe you can, yes you can, if you believe you can't , yes you can't. Everyone is right.

yak:
Guys can b wicked. Since d op said rural area,it means somethings could b cheaper. but d golden rule for building a house from personal experience is START D BUILDING PROJECT FIRST

Reference:


And why shouldn't electricals cost up to 300,000. This is average thinking. The right and wise approach is to find out what you are getting for a specific amount rather than question the amount itself because there is no guarantee cheaper means better value for money. When you look through the landscape of Nigerian enterprise you discover a viscious cycle of poverty caused by the failure to uphold standards. Cost should never be the most important factor.

mercylicious:
I will advise u start up a 3bedroom first and see how far it can go.

So all d village ppl DT built houses have 3million?

No one shld be scared of building. Start off first.

Fionasmom:



Don't mind what people say, rural area I have not spent up to 1.5m including borehole .... 4 bedroom. All ensuite.

milar:
if you don't mind, I will give you a simple sketch of 3bedroom flat that 3m can complete to a habitable level free of charge. then I will give you techniques of handling labourer to minimize cost of workmanship. i will also give professional advise on effective material management

yak:
Guys can b wicked. Since d op said rural area,it means somethings could b cheaper.but d golden rule for building a house from personal experience is START D BUILDING PROJECT FIRST

spoiltchild:
the address of the site so that I can do both quotations for you,my number 08134907491 frank