Work is supposed to restart here as from today, we begin by loosening the old decking wood, so we can use same for the next decking. More pictures later.

We're making a move on the next decking ..........

All lintels cast, all blocks topped, ready for the decking............

Ezewuzie01:
Spyder880 are you spying Obosi city? It's like nothing is happening in Enugu these days

Obosi is really growing, Enugu is also growing well. We thank God.

Still making more blocks for use here.............

Concrete cast of lintels completed ................

Compound landscaping going on here.............

More pictures later

double3:

Greetings chief, any luck with this

Not yet bro.

Top of the lintels............

Lintel cast..........

Our lintel reinforcement works...............

double3:
Good evening oga spyder, plz can u recommend sumone who can help with construction of a septic tank for my building in enugu...

Good morning bro, my workers are busy now. I will call them to see if any of their friends is free. Thanks.

The inside of the compound........

Let's build flood drainage channels in the front of this house.............

House rental costs and situation in Enugu city, April 2024.


Good day my people, this is an evaluation of the house rental situation in Enugu and its surrounding areas in the past 3 months. This report is being posted as a way of keeping my readers abreast of happenings in the property investment industry around the south eastern part of Nigeria.

Since the beginning of 2024, there has been a lot of inflationary pressures on building materials, just like every other goods and services in Nigeria. This has seen prices of goods and services in the building industry, to jump by about 80 to 100% across many products. We have seen cement, iron rods, chippings, electrical and plumbing equipment increase rapidly in cost, we have also seen transportation of materials, workmanship and other expenses rise sharply.

Because of this, we witnessed a reduction in the number of building projects going on in the region, but not as much as expected. People were still starting and completing ongoing building projects.

We are starting to witness a sharp rise in rental values since 2024. An average flat in Enugu used to cost about N500,000 in 2023, but now in 2024, 2 bedroom flats cost an average N800,000 to rent, irrespective of where the house is situated, access roads or not.

It's still too early to call if this has created more value for property investors as rents soar, because other good and materials are also rising to erode the value created by the rental increase. It's our hope that as some building materials prices are going down now, that the inflation in other products will reduce, which will increase the power of Nigerians, and improve returns in the building rental industry.

Spyder880.
0803 335 0750

We have started working on the gutters in the front of this building, more pictures later.

More pictures later

Concrete cast for the lintels and columns of this house is in progress...........

Rayd502:



Good evening Oga Spyder....pls who carves out this ceiling light hole?
Is it the Pop workman or the electrician?

The electrician, they have a tool for doing that.

Badgers14:


I actually find this line very funny 😁..

Next time, go to their office, puff out your chest and tell them who you are

Na money dey speak louder in this country o

gtrust:
Oga Kenneth aka Spyder880

You get magic touch and you come add transparency and honesty on-top!

I dey keep my eyes on you since far back. No be today, yet you continue to deliver 👏🏿👏🏿👏🏿

2-questions though:

1- You bought POP Boards separately and mounted or did you do the whole thing from scratch?

2- you went straight to CDK factory and bought your tiles etc etc sanitary wares from them ??

Good morning bro, thanks for the commendation.

1. We did the whole POP boards on site and mounted them. It's usually cheaper that way.

2. I bought my tiles and sanitary wares from the open market, the quantities were not big enough for CDK company to attend to me.

We are set to start works on the final stages of this house, the flooring and stamping of this floor. We will.also construct a drainage in the front of this building...........

More work from tomorrow.

We bought more wood for the lintels of this house...........

michlins:
Knowing how the land in this area is, this must be a challenging project for you.

Jisie ike

Not a small challenge o, the foundation took much more money than was budgeted for it.

Ready for the lintels..........

More pictures as we continue with our work at this site..............

More

9 courses of blocks achieved.............

Iron reinforcement, lintels preparations........

Our work updates from here ....

Back of the house...........

The TV wall we are making in the private lounge upstairs...........

Once again, our works at the inside of this house, the main living room TV wall, and the floating cabinets.................