Ant Work Nig Ltd.

Civil Engineeing,Architecture and Project Management.

Phone:08034240569
Email:antworkltd@gmail.com

Kindly contact us .

Top 5 Mistakes of Beginning Commercial Real Estate Investors

1. Ignoring local market conditions
There are two levels of due diligence required to evaluate a real estate investment--the market and the property. And of the two, local market conditions trump everything else.

A great property in a bad market can be a big loser. A poor property in a great market can be a gold mine. How do you know the difference?

Every market is different, and a deal technique or property type that is profitable in one market it does not mean the same holds true anywhere else.

Analyzing the demographic trends of population growth, income, and employment in the local market will tell you where opportunity lies, or not. It will also show which property types are in demand, or oversupply. Those conditions will make or break your investment.

Investing in an area with declining demographic trends is destined for trouble. So learn your market. Then listen as it tells you how, when, and where to invest.

2. Inadequate property due diligence
The second level of due diligence is the property condition, including physical items such as building systems, environmental matters and structural components. Just as important are the intangible items, such as title, survey, and zoning and land-use regulations.

Knowledge of contract law, insurance, finance, accounting, and tax law is also critical to doing things right at the beginning to insure success at the end.

If you've never done it before, this is not a DIY project. The money you think you'll save by doing it yourself can cost twice as much to fix, and may jeopardize the entire investment.

Red Adair, the famous oil and gas field firefighter, said, "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur."

Admit what you don't know. Approach the property like an open book test. If you don't know the answer to a question, find an expert who does know to give it to you.

Get accurate estimates from professionals of what it will cost to fix what is wrong. The time spent inspecting the components is minimal and can save thousands of dollars in unexpected repairs.

3. Botching the math
This is not rocket science, but real estate is a numbers game. Value is dependent on net operating income?gross revenue minus operating expenses.

That's why it is so important to get the real operating numbers, not a projection of potential gross income and estimated expenses.

Confirm and verify every element of income and expense. Value the property based only on present income, not projected income you have to produce.

Your profit is dependent on net income. Net income is the net operating income minus debt service. If you've overestimated revenue, underestimated expense, or have too much debt service, your profit will suffer or turn into a loss.

Understand that risk increases with every assumption made. Do not assume you can save expenses by cutting corners or that you can raise rents the day after you take possession.

Anyone who has ever prepared a projection of operations has realized that by tweaking the assumptions, the bottom line can be manipulated into whatever will make the deal work.

The problem comes when it's time to make the numbers happen. It's real cash then?your cash?and when the rents don't go up or the expenses don't come down as much as the projection called for, you take the hit.

You might tweak the numbers to make it work on paper, but paper won't pay the bills, and hope is not a plan.

4. Over-leverage
Borrowing too much money in this business is fatal. Highly leveraged deals do happen, but unless it's backed up by a solid plan with sufficient capital, it can be disastrous.

Using 100% financing for entry level deals is like believing gravity doesn't exist as you jump off a building. You can argue all you want, but you're going to hit the ground?the only question is how hard.

The proper use of leverage is a function of deal structure and investment strategy. Every investment property should be evaluated in light of the break-even ratio.

The break-even ratio is equal to the Operating Expenses plus the Debt Service, divided by the Gross Potential Income. [(OpEx + DS)/ GPI = BE]. When break-even exceeds 80%, the structure depends on perfection, and that's dangerous territory.

5. Failure to have multiple exit strategies
An investment plan incorporates all of the due diligence findings and outlines all the possible outcomes of the investment, best case to worst case.

Ask yourself why you think you can do a better job running this property than the seller did. If you can't answer that with specifics, you won't do better, and probably not as well.

Your plan should answer the questions of how the property will be managed; what improvements are needed and their cost; how much money might be made (or lost); how long it will take; how to get out if things go wrong; and how to access the profits when it goes right.

The answers will reveal a realistic plan to maximize value in the shortest possible time with the least possible downside. I rarely have less than three exit strategies, and usually a half dozen or more. I've learned that if I don't have a plan to get my money out of a deal, I will soon be out of money.




we discussed 5 of the 10 most common mistakes investors make in commercial real estate.

They could be summed up as:

Lack of market knowledge

Lousy due diligence

Bad math

Over-leverage

No plan

These are fatal errors. An investor who chronically makes these mistakes will not long be an investor.

The common mistakes made by experienced investors are a bit more subtle, but are perhaps even more damaging because over time the costs are compounded until the entire portfolio is affected.

1. Failure to mind the balance sheet
There are four ways to make money in real estate: cash flow, appreciation, equity growth, and tax benefits. The operating statement shows just one of those--the cash flow. The balance sheet shows the other three.

Just as one adjusts rents and expenses to improve operating performance, the balance sheet should be managed to best utilize the assets. The key measure, contrary to popular belief, is not ROI (return on investment); it's ROE (return on equity). These decisions also affect the speed of wealth creation and tax efficiency.

That's three of the four or 75% of the sources of profit! If you don't understand your balance sheet, sit down with an accountant and get a lesson in the basics.

2. Bad deals and bad partners
It's a given that we are not going to be right every time. We're going to wind up with properties that don't perform as expected, or that the market direction moved against, or ones we just don't like. As Warren Buffet said, "the first rule of investing is to not lose." Learn to spot a losing position quickly and get out.

This is not to advocate abandoning an investment plan because of minor setbacks. Every project has them, and that's where perseverance is required. But a deal that goes sour on several fronts at once is a candidate for the "learning experience" pile. Don't fall in the trap of being "married" to a position. The support payments will swallow you whole.

The problem may not be the property, but the people. When problems arise in partnerships, especially those that started as friendships, things can get sticky and uncomfortable. Pain may be required, but misery is optional. If your partners are driving you crazy, or if you're all crazy, exercise a little civility and be willing to call it over.

If a good buy/sell arrangement was not included in your partnership agreement, make your own. One solution: You could write down a number that you will either pay for your partners' interest or accept for your interest in the assets.

That's the same way my mom made my brother and me divide the last pieces of our favorite pie; one cuts the slices and the other gets to choose his piece. It instantly ends any haggling or jockeying for position.

Close the deal quickly and move on. Life is too short.

3. Over-reaching
Swinging for the bleachers in high-risk, home-run-type deals that require more capital or expertise than you have is a sure recipe for disappointment, frustration, and can end in disaster. Before you start "thinking outside the box" make sure you know how things work inside the box.

It takes hard work and perseverance to achieve success in any field, and real estate is no different. In addition to property-specific plans, it's a good idea to also have a "big-picture" plan of your investments--where they need to take you, how, and when.

As you increase your knowledge and capacity, the big deals will come, and you'll know you're ready when you automatically focus on the pitfalls before the rewards.

4. "Dirt-rich, cash-poor"
This refers to the situation of having more land than cash to cover it and is a common outcome for an investor who accumulates a bunch of properties that have nothing in common but their owner.

If you have multiple properties and are using the gains from some to cover losses in others and losing the battle, it's time to get off the treadmill, despite the temptation to hang on.
Identify improvements that you can make immediately and do them. Dump losers and anything that has needs that can't be funded in the next year.

Be merciless. Look at it like cutting diseased branches off of a tree: Serious cases may require aggressive pruning to save the core.

Then focus your energy and resources on creating maximum value in the remaining properties that fit your big-picture investment goals.

5. Not using local market knowledge
We all read the national media and trade magazines and get a sense of what the "market" is doing. But in reality, all real estate is local. There is no national real estate market.

There isn't a ticker at the bottom of the screen on CNBC that tells me what my buildings are worth. Their value is determined by local market conditions, for example: rental rates, occupancy levels, competitive space supply, demographic trends, etc.

Our existing investments provide a window on performance and needs of that market that is a competitive edge over other investors. But it is only an edge if it's used.

By systematically collecting just a few local demographic statistics (job growth, population growth and income) and property performance fundamentals, we can get ahead of the curve. We see trends coming rather than trying to catch the last one; we create our own opportunities and reduce our vulnerability to competitive projects.

I hope you're not guilty of any of the above. If you're like me, you have some blind spots, and a spotlight is just what the doctor ordered.

Bonus advice: Accept responsibility for your actions
When you have a losing deal or are in a no-win situation, don't blame your tenant, your broker, your banker, or your dog. You are responsible for your own success or failure. If you make a bad decision, realize that all that is required is to make another decision.

Ant Work Nig Ltd.

Civil Engineeing,Architecture and Project Management.

Phone:08034240569
Email:antworkltd@gmail.com

When it comes to property investment, there’s no shortage of information available about what budding investors should do in order to ensure success. But perhaps more important are the pitfalls to avoid so you don’t become a statistic of the property game.

While many  investors start out with the intention of making it big in real estate, only a handful will ever get past their first investment and even less will create real wealth by climbing to the top of the property ladder.

To help you out, I’m going to share with you 10 of the most common mistakes that beginning property investors make and some tips on how you can overcome these to win big with real estate. 

1. HEART OVER HEAD

When buying a home, about 90% of your purchasing decision will be based on emotion and only 10% on logic.

This is understandable, as your home is where you’ll raise a family. It’s your sanctuary. When it comes to investing however, letting your heart rule your buying decision is a common trap to be avoided at all costs.

Allowing your emotions to cloud your judgement means you are more likely to over-capitalise on your purchase, rather than negotiating the best possible price and outcome for your investment goals.

You should always buy an investment property based on analytical research. Will it provide the gains and returns you require? It is in the best location to attract quality tenants? Will it appeal to the owner occupier market that sustains property prices in the long term?

By answering these questions, rather than buying a house because you loved the curtains or thought it would make a good holiday retreat, you’re thinking based on financial gain rather than personal feelings. And at the end of the day, investing is all about the economics, not the emotions.

2. WHEN YOU FAIL TO PLAN YOU PLAN TO FAIL

It’s an old adage but very true. Attempting to build a lucrative property portfolio without a plan of attack is like setting out on a road trip without a map…you’ll inevitably take a wrong turn and end up lost!

Successful wealth creation through real estate requires you to set goals, determining where you want to end up, and then devising a cohesive plan to get there. You need to focus on both the short and long term and ensure your investment decisions gel with your overall strategy.

Work out what you want to achieve with regard to income – are you chasing short term yields or long term capital growth – and how you can best manage your cashflow as an investor. What type of property do you need to buy in order to meet your income goals?

With a carefully thought through outline of your investment journey, you will end up exactly where you want to be. So plan your action and then action your plan.

3. DIVING IN OR DITHERING

Two of the most common traits of budding real estate investors who never make it beyond their first property (or sometimes never even make it to their first!), are either acting too impulsively or being overly cautious and never acting at all.

The first is being in too much of a hurry.

They think they have to have it all yesterday. They attend one seminar and buy into the first crazy scheme they’re sold without thinking it through and when it doesn’t make them rich overnight, they lose heart and throw in the towel, saying property just isn’t for them.

The second are procrastinators and their own worst enemy.

They attend every seminar, read all the books and watch all the DVD’s, only to end up overloaded with information and unable to act. We call this paralysis by analysis.

While the former can sometimes learn from their mistakes and make a success of their investment endeavours, the latter will never overcome their fears. The best you can do is find a happy medium – sure, learn as much as possible to make you comfortable with your investment decisions, but don’t think you can ever know it all before you begin. You will always have something else to learn and the best way to gain knowledge is to immerse yourself in the game itself.

4. SPECULATION OVER PATIENCE

Many people get into property investment hoping to become overnight millionaires. They think property will be a quick fix to their financial problems, but the truth is seeking short term gains in real estate is more about speculation than strategic investing.

The primary reason that bricks and mortar is a long term prospect is that it lacks the liquidity and hence the volatility of other assets classes, such as shares. In other words, it’s not all that easy to buy and sell property, and doing so will rarely make you rich. It takes time to sell real estate and then there are the numerous costs involved, including capital gains tax.

Where some might see this as a shortcoming, I see it as a strength; because property is a proven commodity that we all need, it has the tried and tested ability to provide steady, long term gains through the power of compounding.

In other words, you use the gains you make from one property to leverage into another property and then with the combined gains you make from those two properties, you buy more to add to your portfolio. Better still, you can use other people’s money (borrowed from the banks) to do so. No other commodity gives you the ability to do this so successfully.

By approaching property investment with patience and persistence, you will gain far more success (and wealth) than if you seek out the “next big thing”. Securing proven, high performing property that grows consistently over the long term is the only way to ensure you make it to the top of the property ladder.

5. NOT DOING YOUR HOMEWORK

Understanding property markets takes time. And getting to grips with the cyclical nature of real estate is something that even eludes many experts. So don’t think you can attend a seminar or two, or read a couple of books and have a handle on exactly what to buy.

You need to know the neighbourhood you intend to invest in like the back of your hand. Make yourself completely familiar with any given area by pounding the pavement and talking to the locals, real estate agents and property managers. Find out all about the amenities, vacancy rates and historical values of properties in the area.

When you know the area, get to know the street you intend to buy in and the property you intend to buy. You can never know too much about your investment!

6. BUYING THE WRONG PROPERTY

Failing to do the above will inevitably lead to this big investment blunder! By knowing your market, you will know what property to buy. In other words, are you investing in a suburb that predominantly attracts families or young, single professionals?

The demographic of an area will make a big difference when it comes to what type of property you buy. If you’re in a family market, you wouldn’t invest in a two bedroom apartment, whereas if you were targeting a young, childless tenant base, you wouldn’t want a large, family home.

The bottom line is – know your market and buy accordingly.

7. POOR CASHFLOW MANAGEMENT

It’s easy to fall into the trap of poor cashflow management as a beginning investor. Understanding all of the costs involved in acquiring and holding property can be difficult and you should always seek the advice of a professional accountant who knows about real estate investment to ensure you know exactly what you’re getting into financially.


You also need to make sure that you can afford to hold onto any property you buy. In other words, how much income will your investment(s) generate and will it be enough to cover your outgoings? If not, can you manage any shortfall?

Don’t forget to account for any contingencies, such as extended vacancy periods or unexpected maintenance costs. A good rule of thumb is to allow about 10% of the property’s value for costs such as rates, land taxes, insurance, maintenance and management fees.

It’s great to dream about the riches you can make from real estate, but it’s critical to enter into property investment with your eyes wide open when it comes to all the out of pocket expenses you’ll incur along the way.

Examine each potential investment analytically and ensure you make adequate allowances. By underestimating your income and overestimating your expenses you’re more likely to avoid any nasty surprises.

8. FINANCING FAUX PARS

The best advice I can give any beginning investor when it comes to financing your property investments is to seek help from a qualified, professional mortgage broker.

Going it alone can be daunting and time consuming and obtaining the right type of finance can save you thousands in the long run.

Setting up an incorrect financial structure can be just as detrimental to your investment endeavours as selecting the wrong type of property.

There are numerous considerations to make here and a good broker who understands investment will be able to guide you in the right direction.

9. BEING LESS THAN THOROUGH

So you’ve found the right property and you’re ready to make a move. Have you really done every little bit of research into the investment?

Do you know why the vendor is selling? Knowing the vendor’s motivation can make a big difference when it comes to negotiating a good price.

During the initial inspection look for clues as to the vendor’s personal situation; are they going through a divorce for instance?

While it might sound a little callous, this gives you an opportunity to buy a bargain, as well as giving the seller a chance to move on with their lives.

Have you had the relevant inspections done to uncover any structural defects or signs of pest infestations, like termites? The fees for these are tax deductible and paying say N100,000 for this type of peace of mind can save you thousands in the long term.

Finally, is the property liveable from a tenant’s perspective?

Remember, while you won’t be living here, someone else will, and they’ll be paying you to do so. Ask yourself, is the floor plan appealing and will the property provide a comfortable, practical home?

Always do a second and third inspection at different times of the day. Is it noisy during peak hour? How does the light work at different times? Are the neighbours party animals or quiet?

Ticking all of the right boxes when you inspect a property will ensure you buy the best possible investment every time.

10. SAVING BY SELF MANAGING

You’ve done all the groundwork and secured the perfect property investment…now the hard work really begins!

Many investors think by self managing their portfolio; that is finding their own tenants and acting as their own property managers by organising the collection of rents, maintenance, etc will save them a packet and give them greater profit. Wrong, wrong, wrong!

In the short term, this might seem plausible enough, but what happens when you have a portfolio of say twenty properties? The ongoing management of such a portfolio essentially amounts to a full time job!

You have to find and qualify suitable tenants, know the laws pertaining to renting, have a firm grip on the value of your rental, conduct regular inspections to ensure your tenants are looking after your asset, collect the rent, represent yourself at tribunal should things go awry, deal with all the maintenance issues that crop up and be on call 24/7 for your tenants. Sound appealing? I didn’t think so.

Paying a professional property manager to handle all of these things on your behalf will not only mean you get the best outcome for your rental property in terms of a good tenant and the best possible returns, it will also give you something just as valuable as money when it comes to investing – time.

All of that time spent managing your properties could be put to far better use…finding more investments to add to your portfolio and generating even greater wealth.

Ant Work Nig Ltd.

Civil Engineeing,Architecture and Project Management.

Kindly contact us for your Designs, Construction and Management of your Projects.

Phone:08034240569,08098933111
Email:antworkltd@gmail.com

One of the most common challenges for project managers is determining whether or not a project is successful. Is it successful once the scope of work is completed, or only if it’s completed on time and on budget? Or does success simply depend on getting sign-off from a satisfied client, even if the scope expanded well beyond the original commitment?

Since everyone involved in a project is likely to have a personal perspective on what successful completion will look like, you’ll want to start your project plan by clearly defining a selection of success criteria that everyone agrees with.

What Will Success Look Like?
Here are seven ways in which you might measure the success of a project. Depending on the type and purpose of the project, determine which of these elements are most important to everyone involved and then define the specific metrics you will use within each selected criteria to measure the success of your project.

Budget: In many cases, budget is the most important factor in defining both the scope and the success of a project. It often constrains scheduling as well, since delays can be costly. Questions to consider before basing your success metrics on the project budget include:

How important is it that the project be completed on or under budget?
Are additional resources available to fund project cost overruns, scope expansion or schedule delays?
Has a margin of error or buffer amount been built into the budget calculation?
Has a contingency budget been allocated to the project?
Does the anticipated ROI warrant an increased budget under certain circumstances?
Is there a clear process for increasing the budget if the client (or someone else) expands the scope or causes project delays?
Timing: There are a number of questions to consider about project scheduling before deciding whether timely completion should be one of your success metrics for the project, including:

How important is the completion deadline?
Is there any flexibility in the overall schedule or with respect to certain milestones?
Are there any penalties or additional costs associated with scheduling delays?
Do any other projects rely on this project being completed on time? If so, how critical are those related projects?
Is completing the project on time a priority or are other aspects more important?
Scope: Here are some questions to think about before deciding whether one or more of your success metrics should be related to scope:

Is completing everything within the agreed upon scope of work the most important part of the project?
Does the scope (as defined) differentiate between “must do” elements and “do if possible” items?
Do penalties apply if elements of the project are not completed?
Is there slack in the schedule to accommodate change requests that expand the scope of the project?
Have you defined a change request process to ensure that budget and schedule are modified when the client (or someone else) asks to expand the scope?
Do you have sufficient internal resources to deal with an expanded scope?
Quality: Project managers know that it’s impossible to do the highest quality work, for the lowest price, in the shortest amount of time. That’s why you have to think about which success measures are most important for each project. If you choose to define the success of your project in terms of quality of work, be sure to establish metrics that are attainable given the scope, schedule and budget of the project and their relative importance.

Client/Customer satisfaction: While it can be difficult to measure client satisfaction, doing so is critical to the success of your business. Whether your client is external (a customer who purchases products/services from your company) or internal (someone in another department in your organization for whom the project is being completed), measuring the success of your project on the basis of client satisfaction is good practice. Unlike some other metrics, customer satisfaction ratings are best measured throughout the project so that course corrections can be made when they fall short.

Project team satisfaction: Another way to measure the success of a project is based on team satisfaction. If keeping your team engaged in challenging and satisfying projects is a priority, you may choose to measure the success of a project on that basis by including one or more team satisfaction metrics when you measure project success.

Personal and professional development: One final way of measuring project success that is often overlooked is based on the contribution a project makes to the personal and professional development of the project manager and other members of the team. When defining your project success metrics, consider the following:

Does the project represent an opportunity for you or members of your project team to achieve one or more personal goals; such as increasing self-confidence or making new connections within the organization?
Will the leadership skills you develop from running the project contribute to your professional development goals?
Does the project offer opportunities for project team members to hone skills that will benefit them at work and in their careers?
Will the project management experience you gain contribute to the attainment of a project management designation?
Begin With the End in Mind
Habit number two in Stephen R. Covey’s 7 habits of Highly Effective People is “Begin with the end in mind.” According to Covey, this means “to begin each day, task, or project with a clear vision of your desired direction and destination, and then continue by flexing your proactive muscles to make things happen.”  If we apply this philosophy to project management, it means envisioning what a successful conclusion to each project will look like; and then defining the metrics that will allow you to measure the project’s success against those parameters you have identified as most important to that project. By defining what success looks like in advance you will know exactly what you are striving for and there will be no question about whether or not you have achieved it.

Ant Work Nig Ltd.

Civil Engineeing,Architecture and Project Management.

Phone:08034240569
Email:antworkltd@gmail.com

On time, in quality and within the cost.


A better method is earned value because it integrates cost, schedule and scope and can be used to forecast future performance and project completion dates.
It is an “early warning” program/project management tool that enables managers to identify and control problems before they become insurmountable.
It allows projects to be managed better – on time, on budget.


Ant Work Nig Ltd.

Civil Engineeing,Architecture and Project Management.

Phone:08034240569
Email:antworkltd@gmail.com

project progress can be measured by its actual physical work done versus the work planned. We can say the project is successful if the milestone programmed for each phase of work has been attained and delivered on time with due consideration to the cash flow programmed and cost planning.

Attaining the project scope and objectives, stakeholders satisfactions in terms of successful deliverable and successful project closing.

Ant Work Nig Ltd.

Civil Engineeing,Architecture and Project Management.

Phone:08034240569
Email:antworkltd@gmail.com

A building, once properly constructed is expected to be in use for a very long time.  Although every society has its own problems and Nigeria is not an exception yet the very recent challenges of buildings collapsing in various locations have been giving the various arms of government and the people of Nigeria sleepless nights in view of the enormous loss of huge investments in housing, properties and human life.

The major challenge on the issue of building collapse is that individuals differ radically from one another on the professional to blame as the major cause of the collapse of a building.

This study reviews current challenges in the building industry in relation to collapse of buildings, loss of lives and properties. Data for the study were obtained through structured questionnaires administered to landlords and professionals in the construction industry in addition to academia in the built environment. Historical data of past collapsed buildings in Nigeria were also discussed. Findings from the three prominent groups were varied.
First, building experts blamed building collapses on the use of low quality building materials coupled with employment of incompetent artisans and weak supervision of workmen on site.
Second, public opinion revealed that the blames of building collapse were due to non-compliance with specifications/standards, use of substandard building materials and equipments and the employment of incompetent contractors.
Third, opinion of the academia on remote causes of building collapse showed that the route causes are mainly the non-enforcement of existing laws and endemic poor work ethics of Nigerians at large.
The study recommends that the press should lay more emphasis on educating the public at large on the dangers of the collapse of a building and less on public emotions. In addition, government should, on one hand, embark on proactive steps by mustering enough political will to allow the Town Planning Authorities to perform their functions unfettered and on the other hand, provide the legal framework that can improve and ensure smoother, less time-consuming and less burdensome ways to conduct business in the functioning of law courts.



Ant WorK Ltd

Civil Engineering, Architecture and Project Management.

We design,Build Custom Homes,Factory,School complex, Office Blocks, Swimming Pool, Road, Loan Tennis Court etc.

We Innovate your dreams Preciseley...

Flat 3,Block 1, Lake View Estate,
Phase 2,Amowo Odofine,
Lagos, Nigeria.

Phone:08034240569.
Email: antworkltd@gmail.com

A building, once properly constructed is expected to be in use for a very long time.  Although every society has its own problems and Nigeria is not an exception yet the very recent challenges of buildings collapsing in various locations have been giving the various arms of government and the people of Nigeria sleepless nights in view of the enormous loss of huge investments in housing, properties and human life.

The major challenge on the issue of building collapse is that individuals differ radically from one another on the professional to blame as the major cause of the collapse of a building.

This study reviews current challenges in the building industry in relation to collapse of buildings, loss of lives and properties. Data for the study were obtained through structured questionnaires administered to landlords and professionals in the construction industry in addition to academia in the built environment. Historical data of past collapsed buildings in Nigeria were also discussed. Findings from the three prominent groups were varied.
First, building experts blamed building collapses on the use of low quality building materials coupled with employment of incompetent artisans and weak supervision of workmen on site.
Second, public opinion revealed that the blames of building collapse were due to non-compliance with specifications/standards, use of substandard building materials and equipments and the employment of incompetent contractors.
Third, opinion of the academia on remote causes of building collapse showed that the route causes are mainly the non-enforcement of existing laws and endemic poor work ethics of Nigerians at large.
The study recommends that the press should lay more emphasis on educating the public at large on the dangers of the collapse of a building and less on public emotions. In addition, government should, on one hand, embark on proactive steps by mustering enough political will to allow the Town Planning Authorities to perform their functions unfettered and on the other hand, provide the legal framework that can improve and ensure smoother, less time-consuming and less burdensome ways to conduct business in the functioning of law courts.



Ant WorK Ltd

Civil Engineering, Architecture and Project Management.

We design,Build Custom Homes,Factory,School complex, Office Blocks, Swimming Pool, Road, Loan Tennis Court etc.

We Innovate your dreams Preciseley...

Flat 3,Block 1, Lake View Estate,
Phase 2,Amowo Odofine,
Lagos, Nigeria.

Phone:08034240569.
Email: antworkltd@gmail.com

A building, once properly constructed is expected to be in use for a very long time.  Although every society has its own problems and Nigeria is not an exception yet the very recent challenges of buildings collapsing in various locations have been giving the various arms of government and the people of Nigeria sleepless nights in view of the enormous loss of huge investments in housing, properties and human life. The major challenge on the issue of building collapse is that individuals differ radically from one another on the professional to blame as the major cause of the collapse of a building. This study reviews current challenges in the building industry in relation to collapse of buildings, loss of lives and properties. Data for the study were obtained through structured questionnaires administered to landlords and professionals in the construction industry in addition to academia in the built environment. Historical data of past collapsed buildings in Nigeria were also discussed. Findings from the three prominent groups were varied. First, building experts blamed building collapses on the use of low quality building materials coupled with employment of incompetent artisans and weak supervision of workmen on site. Second, public opinion revealed that the blames of building collapse were due to non-compliance with specifications/standards, use of substandard building materials and equipments and the employment of incompetent contractors. Third, opinion of the academia on remote causes of building collapse showed that the route causes are mainly the non-enforcement of existing laws and endemic poor work ethics of Nigerians at large. The study recommends that the press should lay more emphasis on educating the public at large on the dangers of the collapse of a building and less on public emotions. In addition, government should, on one hand, embark on proactive steps by mustering enough political will to allow the Town Planning Authorities to perform their functions unfettered and on the other hand, provide the legal framework that can improve and ensure smoother, less time-consuming and less burdensome ways to conduct business in the functioning of law courts.



Ant WorK Ltd

Civil Engineering, Architecture and Project Management.

We design,Build Custom Homes,Factory,School complex, Office Blocks, Swimming Pool, Road, Loan Tennis Court etc.

We Innovate your dreams Preciseley...

Flat 3,Block 1, Lake View Estate,
Phase 2,Amowo Odofine,
Lagos, Nigeria.

Phone:08034240569.
Email: antworkltd@gmail.com

A building, once properly constructed is expected to be in use for a very long time.  Although every society has its own problems and Nigeria is not an exception yet the very recent challenges of buildings collapsing in various locations have been giving the various arms of government and the people of Nigeria sleepless nights in view of the enormous loss of huge investments in housing, properties and human life. The major challenge on the issue of building collapse is that individuals differ radically from one another on the professional to blame as the major cause of the collapse of a building. This study reviews current challenges in the building industry in relation to collapse of buildings, loss of lives and properties. Data for the study were obtained through structured questionnaires administered to landlords and professionals in the construction industry in addition to academia in the built environment. Historical data of past collapsed buildings in Nigeria were also discussed. Findings from the three prominent groups were varied. First, building experts blamed building collapses on the use of low quality building materials coupled with employment of incompetent artisans and weak supervision of workmen on site. Second, public opinion revealed that the blames of building collapse were due to non-compliance with specifications/standards, use of substandard building materials and equipments and the employment of incompetent contractors. Third, opinion of the academia on remote causes of building collapse showed that the route causes are mainly the non-enforcement of existing laws and endemic poor work ethics of Nigerians at large. The study recommends that the press should lay more emphasis on educating the public at large on the dangers of the collapse of a building and less on public emotions. In addition, government should, on one hand, embark on proactive steps by mustering enough political will to allow the Town Planning Authorities to perform their functions unfettered and on the other hand, provide the legal framework that can improve and ensure smoother, less time-consuming and less burdensome ways to conduct business in the functioning of law courts.



Ant WorK Ltd

Civil Engineering, Architecture and Project Management.

We design,Build Custom Homes,Factory,School complex, Office Blocks, Swimming Pool, Road, Loan Tennis Court etc.

We Innovate your dreams Preciseley...

Flat 3,Block 1, Lake View Estate,
Phase 2,Amowo Odofine,
Lagos, Nigeria.

Phone:08034240569.
Email: antworkltd@gmail.com

Ant WorK Ltd

Civil Engineering, Architecture and Project Management.

We design,Build Custom Homes,Factory,School complex, Office Blocks, Swimming Pool, Road, Loan Tennis Court etc.

We Innovate your dreams Preciseley...

Flat 3,Block 1, Lake View Estate,
Phase 2,Amowo Odofine,
Lagos, Nigeria.

Phone:08034240569.
Email: antworkltd@gmail.com