₦airaland Forum

.

Ooooops!

Lol

Read the full article here http://engineerosaz..com/2016/12/analyzing-latent-cost-of-estate.htm

Engr. Osaz' Enobakhare (Lagos)

A residential estate without basic amenities to support healthy and safe living is no better than a Slumville, hence the need for an estate developer to make adequate arrangement for the provision of critical estate infrastructure when planning a housing estate or allied settlements.

Often than not during the cost planning stage, developers tend to under-estimate the cost of providing the requisite infrastructure within the estate and before long, they battle with capital inadequacy and loads and loads of complaints from clients/occupiers.

Although it is common knowledge that investments in housing estate developments in the Nigerian space yield high returns and have made multi-millionaires of some ordinary people, poor cost planning for infrastructure can make a mess of such a great venture. Estate infrastructure includes perimeter fencing, motorable road network, drainage/sewer, refuse collection and renewal systems, CCTV/Security furniture, water works, estate electrification, lighting, recreational centre, landscaping and beautification, learning centres/schools, shopping mall/market, security house/police station, estate office, estate pharmacy/medical centre, etc.

In Nigeria, the cost of estate infrastructure is nearly half the cost of putting up the entire housing units within the estate or even more depending on the nature of the site and the occupier-capacity; this cost is normally a multiple of the initial value of the land, therefore if the cost assigned to infrastructure at the planning stage is not within this region the developer may be heading for some horrible shocks as the project progresses. Some estate projects are at a halt today because the developer has sold out almost all the plots or housing units without ensuring adequate budgetary provisions for infrastructure and they are now at a dead end –no more properties within the estate to sell and raising money to complete the infrastructure works becomes extremely difficult.


From recent industry estimates, the cost of basic estate infrastructural development per acre of land hovers around 20-25 Million Naira and 45-55 Million Naira for affordable and luxury housing estates respectively. Of this cost, perimeter fencing, roads, drainages and electrification often amount to at least two-third of the total infrastructure budget. As at September, 2015 a thorough cost analysis of a proposed 1500-unit affordable housing estate to be built on 200 acres of land in Abuja shows a gross estate infrastructure cost of 4.63 Billion Naira while the combined cost of the housing units (comprising of bungalows, duplexes and blocks of flats) was pegged at 10.74 Billion Naira; amounting to 43.11% in excess of the estimated cost for the design and construction of the actual housing units.

These costs, some of which are often difficult to deduce at the initial planning stages are relatively significant and should be taken seriously as many private and public estates with beautiful cartography are now a shadow of themselves.

For estate developers who sell serviced plots only, it is important to correctly incorporate the cost of estate infrastructure into the cost of the traded plots in such a manner as to sufficiently take care of infrastructure without incurring any avoidable financial loss.

Source: http://engineerosaz..com/2016/12/analyzing-latent-cost-of-estate.html

You get information about this and many more construction guide for free at www.engineerosaz..com

Lol

You get information about this and many more construction guide for free at www.engineerosaz..com

Check out the prices of all building materials at www.engineerosaz..com


Thank me later!

Rough estimates of various building types are found on www.engineerosaz..com

Check it out!

Meanwhile, check out the latest prices of building materials and rough estimates of building projects in Nigeria here www.engineerosaz..com


Thank me later.

Hmmm... It is well

Meanwhile in other news;

People are building concrete floors without granite. Here's how http://engineerosaz..com/2016/11/how-to-construct-concrete-floors.html

Hmmm...

Meanwhile, do you know by how much cement price has increased now?
Check this out and latest prices of all other building materials at www.engineerosaz..com

Thank me later!

BluntMadmoiselle:
Hey guys. Right now, I worth about 500 thousand naira. I want to venture into a very profitable business but I don't know how to go about it. I'm still in my early years in the university.

Working before I gained admission and learning the art of saving has done a great job in my life. My mother is well to do with (yea, she provides me with all of my needs) but I just want to get to a point very very soon in my life where I'll be financially able to stand independently.

I want to invest the money so it will yield good before I finish school. At least, it will save me the "job hunt" stress and also serve as an employment opportunity for a few people.

Do I need to save more or the 500k capital is enough to start a lil business??

Lalasticlala,

Whatsapp me on +2348167394799, lets discuss some options you might like. serious business options, not ponzi

Do you know the price of cement has increased;
See the current price and prices of all other building materials for free at www.engineerosaz..com

Sure!

chrisviral:
Tomorrow I'll be attending a business workshop in school. There is a competition tied to the workshop, requiring students to come up with a business idea in either Innovation Driven Enterprise, Small & Medium Enterprise, Social Enterprise, and Health Sciences.

The winner gets $100,000 grant towards the business.
So Nairaland fam, what would your idea be?

If your idea is worth looking into, I'll contact you and we build up logistics and write a proposal together. I apply as a student (only my university students are allowed to apply) but we both or three or whichever the case would sign to run the business together.

Serious minded people with ideas please.
Thanks.

For reference purposes: I go to McGill University, Canada.
MOD: if you can take this to front page.

Note: Don't go into details here (you can't copyright your post on NL)

For Innovation-Driven Enterprises - Smart Shop biz
Details: Whatsapp me +2348167394799

In other news, cement price go up by about 10%

See price details here www.engineerosaz..com

Meanwhile in other news, the prices of cement and other building materials is on the rise again; See the latest prices at www.engineerosaz..com

You can follow this link http://engineerosaz..com/2016/12/latest-cost-estimates-of-building.html to view rough estimates of several building types in Nigeria

Thank me later.

Meanwhile in other news, the prices of cement and other building materials is on the rise again; See the latest prices at www.engineerosaz..com

Meanwhile in other news, the prices of cement and other building materials is on the rise again; See the latest prices at www.engineerosaz..com

Closed.

Meanwhile in other news, the prices of cement and other building materials is on the rise again; See the latest prices at www.engineerosaz..com

Meanwhile in other news, the prices of cement and other building materials is on the rise again; See the latest prices at www.engineerosaz..com

Meanwhile the prices of cement and other building materials are on the rise again; See the latest prices at www.engineerosaz..com