₦airaland Forum

dam4sam:
Your question needs some more specifics, to get good and reliable response.

For example:
What is the Tonnage of Granite quoted for 95K? Same thing with Sharp Sand?
- Ask a User her called @Chekitaut or read his previous post on this thread, for Cost of Granite and Sand
- What is the tonnage or Tipper size of Granite he is quoting for #95K?
What is the type of Soil you are building on, (Swampy, Loamy/Soft, Valley, Hard Ground) to justify 35 Trips of Filling?

- Are you using Laterite to Fill or Sharp Sand? (Sharp Sand is better in a Wet area/ground) and what tonnage is he quoting for that Price?
- If you are buying as much as 150Bags of Cement, why cant you Order it directly from the Manufacturers like Dangote, you will get it at around #2,800 plus or minus. That Price of #3,300 is December Price.

- For Planks, talk to @MountMoriah guy on this thread, he will supply you and you can pay on delivery.
- What is the size of your Foundation (How many Boards, what is the dimension, can you share your Floor Plan or measure it yourself and state it here?), to get a better idea
- Packing of Filling can be negotiated down to #4,000 per Trip since they are packing many Trips
- Which is Hoes again? Are you Cultivating Cassava or Building a Foundation? I cant figure that one out, just cancel it

- What is the “machine” for and what Machine is he referring to?
If it is a Ramming machine, then you need to cut down on the Price of Rammer, moreover, it does not cost #50K to rent one Rammer in a day.
Budget 25K for manual Ramming and same for using a Ramming machine but allow time for the Soil to settle properly before doing the German Floor, Wet it very well.
- Labour Cost of Casting will depend largely on the Size of your Foundation though an average Price of 120K -+ max should do (looking at Ten Carriers, One Ewe, One Engine Operator, etc)
- Carpenter should be negotiated down to #30K Max, it cant be more than 2days work naah?

My advice, talk to QSFemi, he is a reliable and he will save you a lot of Money, when it comes to budgeting for your Build

Overall, you need to state your specific location because Labour and Material prices are also affected by Location.

Dont be discouraged.

Thanks so much for this comment sir I really appreciate and also sorry for my late response I’m kinda busy with work Na why. Location is ikorodu and make I no lie give you Boss I’m already getting discourage self lols because e be like say the man wan rip me and also ima message the person you gave me his contact sir
I’ll drop all the details of the land and quotation in few mins Sir
This is the screenshot of the questions I dropp for him few mins ago sir

Please help look into this Bosses
Seems this person wan rip my little capital

Good day Bosses
I’ll like you all to direct me because I’m very New here and I wanna spend very little amount in Building just like Boss Egunmogaji

Please what’s the range price to get a drawing for a (2) 2 bedroom and (3) 1 bedroom bungalow on a Full plot (60x 120)

and also is it possible to put this structure up to the decking level for at most 3.5m
Your suggestions will be highly appreciated Bosses.

n3xt:
It’s not a bad ideaif you can afford it. The cost of updating features in the not-too-distant future might cost you more.

Okay Boss.
Thanks for the response
also someone told me ima get tired of the bungalow and I should go for a Duplex instead
I’m planning on a three bedroom bungalow earlier
What’s your day about that sir .?

Badgers14:
I am just curious, why the question? 12m in building this days is not a lot of money, don't get me wrong. It is a lot but considering the high cost of materials these days, 12m might not be sufficient for a foundation work in some areas.

Well, your primary focus is the intention of the building.. it doesn't matter if the land is worth 550m or 550k.

If this is a private house, as long as you like the area and it suits your need, build your house and enjoy.

If it is a rental property, do a market survey around the area to make sure it will worth your while. There will be a good Return on investment and your property wouldn't have a high vacancy rate.

What kind of structure are you planning on to build?

Good day Boss.
What brought out the question is due to this quote from one of my previous post telling me it’s not advisable to build on such land ...

Yes o.
Let me share my experience with you.
I live in the north. In 2009 I got a plot of land in a local place for 500k. Although, it shouldn't have been more than 350k but the agent outsmarted me.

It was a local area. I started building in 2010 and moved in December 2011 without finishing everything. I moved based on the popular belief, you can use your next rent to do much work in your building or if you don't move, you won't be motivated to finish the project. I don't believe this again. Talk for another day.

The challenge:
1. My building is not the best in the area but people one way or the other will know that your income is at least steady if not increasing. As such, I get people knocking on the gate everytime seeking for one help or the other. You can't turn them down as it may expose you to other risk whereas my friends living in GRAs and choice locations found it strange.

2. Having a great or outstanding building in a local area is a security challenge. I have not been spared of theft incidences.

3. If you want to dispose the building in the future, those who can afford it may not want the locality and also, it won't appreciate much. The same year I built my house, a close boss bought a land for 7m in a choice location and built it. The land in the same location without building worth not less than 20m today whereas my locality has been static in appreciation. No thanks also to the security challenge in the north.

4. It is better you live in locality in the minimum with people with similar financial capacity or better still, people you can look up to financially. You will be motivated and you will develop good network of relationship that can better your lot.

5. The financial stress of the locality will rest on few of you most especially in a situation where government is not taking responsibility. For instance, in my area, the locals have refused to pay for security, they believe they have little or nothing to lose. Ditto with infrastructural development.

As regards your mummy supervising the project, that has been dealt with. Don't allow it since she is not experienced in building.

My advice.

And also I’m planning on building a three bedroom bungalow but on a second thought someone’s saying Ima get tired of the bungalow and I should go for a Duplex instead . What’s your say about that sir .?
Though cash inflow won’t be a problem by the special grace of God na to just put more sleepless nights to my hustle lols

Good day everyone here
I just discovered this thread few days ago and I guess this thread will be really helpful to me in my coming projects and I can say that there’re a lot of Great peeps on this particular thread
it’s due to the tribal war that I’ve kept mute and unable to ask my question all these while but it seems it has died down a little bit
My question goes thus

— is it advisable to have a building worth 12m on a 550k plot of land at ikorodu

following

Lawman4sure:
OP please be careful how you reveal certain information in this Thread..some people don hear Money now.. their eyes don open.. please beware of Scammers and fraudsters...

Thanks so much for the concern Boss.

I really appreciate

shankara7:
You're obviously a little boy. Broke ass nigga catching cruise on nairaland. Stay off my mention bro..

lols
Have a great day sir and go explore .
Reason I don’t use my main account to ask for infos like this is because of people like you who believe young guys can’t succeed lmao
keep on experiencing your broke life Boss
And I’ll try to save your moniker and do well to inform you once the project is complete on a better ground

shankara7:
You're the one that need to stop deceiving yourself. If truly you have even half of that money you're mentioning you wouldn't be asking silly questions online. You might not understand though..

Have a great day sir
one of the reason some people are stagnant in life is due to their reasoning which is what you’ve prove to me

I never reasoned this way 3yrs back when I discovered NL and that’s why I have being at this stage of my life
Showing you prove will only show the level of my stupidity haha

gentleman82:
Naso one monkey post yesterday say him buy one single chicken for #12000 , people sabi catch nonsense cruise for this forum. Imagine this one dey claim say he get #12milla a student .

Just pray and source for infos here
If you know my main moniker I’m very sure you won’t utter this statement Sir.
and also if you’re willing to assist about informations kindly drop them here ...
Same 12m you dey hype Na wetin some people dey spend As regular funds ...

Lanre4uonly:
OP, you've been given series of advice to guide you by fellow nairalanders.

You can check my signature below once your building gets to the roofing stage.

All the best ahead bro.

Yeah Boss
I’m stuck into another place lols

Going for a duplex as someone suggested or just focus on the bungalow as suggested here
Secondly someone said such building doesn’t validate to be on a 550k land so I’m tryna look into those points...

Shile981:
You might use the money for sth else o

I’m not a spender like that lols
if you see me for street self na you go help me

EgunMogaji2:
One thing I’ve learnt here is to avoid cheap lands for my primary residence.

You don’t want to live where the admission price is readily affordable.

It seems elitist but it’s preservation of sanity.

Noted Boss.

will look into that aspect also...

seanwilliam:
12million naira? And you’re an undergraduate ? You try ..

Yeah Boss.
Currently in yr 2 1st semester (All thanks to ASUU)

GodWrites:
I agree with you, and I love your response. It happens to me all the time, especially by people who lack the skills to even do what I do.

When I sit them down and tell them what's involved, most of them can't even operate their Nokia touch, so they often lose interest immediately.

When I add another car to my garage, their interest to know what I do and how I make money spikes again.

I did wonders this xmas, and relations began snooping around, making enquires of what I do for a living. To them, I can't be making these from my acclaimed businesses.

People?

You go fear nah!

May GOD Bless you sir for this write up Sir...
That’s just it
Even people wey I teach the skills before making good cash dem loose interest and now they wanna come back but ion have that strength to teach again

EgunMogaji2:
If good land then your budget is good.

Thanks sir
I appreciate your concern
it’s a dry land but some peeps are telling me to go for the duplex and not the Bungalow
What do you think about that Boss.
And also some saying 12m is not good for a building on 550k plot of land ...

amiskurie:
That will only built you a nice skeletal bungalow.

My 3 bedroom pent house has gulped 24,000 I am not even done with interiors

You meant 24m right

shankara7:
people will just come to nairaland to catch cruise.

Bro
Just try to source for informations that can make you a millionaire here
I got most of my informations here and I appreciate this forum a lot
it has really being helpful to me...
Also kindly throw off this your mindset and PRAY !!!

ibisomi:
Don't build a house worth 12m on a land of 550k. Get land in a better location. You will still use the same amount to build in the better location. I am talking from experience. Real estate is about location. I am not expecting your land to worth nothing less than 1.5m to 2m or more if your building is going to worth 12m.

hmmmm

so make I should not spend such amount of funds building on that land ba ..

layzie:
If u have 12m plus land, start a duplex.
I'm not saying 12m will complete it, but u will go a very long way. If u have monthly income, then u shud be done in a year plus ur 12m.
Better to finish a duplex in 12 months than complete a bungalow in 3months. U will get bored of the bungalow

normally I have like 30m extra apart from the funds I use for Business
I’m only thinking of Spending 12m in order to reduce cost.

And also is a Duplex far better than a bungalow
ion have experience at all in this field that’s why I brought it here Abegg no vex for my questions lols

Patepatee:
That can't be more than 30k

lols

the land is actually 550k.
not a normal ikorodu area ...

Juliearth:
How experienced is your mother in building supervision. I asked because I wouldnt want these builders to cheat her. If she is experienced, then its a done deal for you. Else, you should consider doing the supervision yourself.

My mom isn’t experienced at all in that aspect oo lols

msmon:
I'm presently working on a 3 bedroom bungalow and I can tell exactly how to go about it but I have a question. Do you have a land yet?

Yeah Boss

I have a full plot
60x 120

Patepatee:
Location

Location is ikorodu.

musicproducer:
get a good beautiful sexy house plan.

supervision it ya self ohhhhhh

I’m thinking of letting my Mum supervise the project though they’ve their own building but not to the standard taste I want mine and I’m thinking she might not supervise it very well because I’ll be heading to school next year (that’s if school resume sha oo lols )

Or should I just terminate the project till I finish with my studies

emae009:
The money is more than enough for the building project. But when it comes to finishes and interior design... then your taste might make the amount that's leftover from the building to not be enough!

So you mean 12m won’t finish the building with a good interior right .?

Good day House
Please what’s the minimum amount one can budget on a 3 bedroom bungalow with a nice finishing

ion know much about building as this is my first time and my budget is around 12m for building. ion wanna spend much on building that’s why I’m tryna stay low.

3 bedroom
Laundry
Study room
With nice interior inclusive.
if there’s any other thing that’ll be added kindly lmk also.

bayo2018:
Please what’s the total cost to bring out this project fully to the reality and also the current cost of this project Bossun.

No response ...

raymondFirstborn:
Another view

Please what’s the total cost to bring out this project fully to the reality and also the current cost of this project Bossun.