smarthome:

Hello Sir,
So far you have shown to Nigerians that you are indeed a professional.
We are a home improvement and Building Automation company, with offices in Lagos, Abuja, Port Harcourt, Kaduna and Benin. We would like to recommend our products and services for your building projects. We deal on Stone Coated Steal Roof, Laminated Floor Tile, Foreign Stones Etc.

We are also into Home Automation and Control of all you home devices using remote, wall keypad and touch pads. That can control your HVAC, Home Entertainment and Dedicated Theater room, Security, Intercom, Water sprinklers etc.

You can reach me on.

08033520812
email: smarthomeng@yahoo.com

sixtus4:

Good day,i want to know,how you have gone with your project.Have you caste the dpc?

sixtus4:

Spyder, you are doing great,could you please estimate total number of bags of cement,it consumed?

shakay:

@spyder880, I need your advice on an issue urgently,
A friend wants to buy a 3 bedrm flat @ Ikosi-Ketu Shangisha 4 #12m.
It's a Storey building with 2 units of 3bedrm flat on an half plot but the location is not bad.
The inside is made of spanish tiles on the floors, pvc, pop & all rooms ensuite but the size of the sitting rm is small compare to d standard size of a bedrm/sitting rm.
Now we're not sure dt price is ok but i feel it's expensive.

Can anyone advice us.

Thanks

spyder880:

multiply the yearly rent by 2 (two units)
multiply the sum by 10 (years)
now, if your result is less than 12m, then you need to look for a better bargain

spyder880:

How much are they renting each apartment now per year?
multiply the yearly rent by 2 (two units)
multiply the sum by 10 (years)
now, if your result is less than 12m, then you need to look for a better bargain
you can also stretch it to 12 years if you are a patient young person
Location is key but current rental value must factor in those things,

my two cedis

prince_onx:

Wow! Good illustration Spyder but I respectfully chose to differ and object to that. The return investment in property rental/leasing stretches way beyond 10/12yrs. It would be nice if that's the case but unfortunately it's not. Like you also rightly said, location and cost of living is a big/important factor but still that could also be excused in some instances. Abuja for example where some plot goes for hundreds of million! Even if rents are N2m a year, that won't even bring back the return amount invested in purchasing only the land in 10yrs! Also, though different but even in westerns world they go as long as 30yrs or more in some cases and this can also be as a result of insurance and maintenance which are not optional here compare to Nigeria. From all I know and little experience, I think we should be talking or looking at twice the length of time you quoted[b] except if that's just a purchase strategy but in actual sence, it last longer than 10-12yrs. [/b]

Fhemmmy:

^^^ So many unspoken words . . . ummmm

prince_onx:

Oga fhemmmy Watin you want make I talk now? It's like you spend your time to answer questions, go as far as going through some book files to get something like figures, sizes, and all that and they won't be appreciated. Instead the question will be asked in a whole different way still asking the same da.mm thing lol!
Personally I don't like or buy the idea of owning one part of a house eg upstairs and someone else own the down part. I will rather buy or build a bungalow somewhere without having to deal with the co-ownership stress. With N12m one can buy or build a very nice/solid bungalow with BQ free of stress!

smarthome:

I think this is the best breakdown of how to calculate ROI on a property, be it commercial or for personal use.