₦airaland Forum

rmx:
The rising cost of everything is a challenge

I always have a mental picture of where I am at for all projects I do and have milestones. Tiles , pop boards, more cement and Acs of recent,

Just ordered electrical fittings and shelves

Generators , Transformers , lifts and some cables a while ago and on ground

milestones left will be glass works / glass windows and doors and the aluminum roofing then am on the home Stretch

No building efficiency will beat tmt tiger iron rods I bought at 340 earlier this year that I am still using today. Solution for me is always buy right and buy well in advance , the others Na jara

Lucky you, how many of us can buy at that volume. Its always better that way if one bank account as good numbers in it lol.

Jeff68:
Please house, I bring this matter to this forum because I engaged this person on here, I am totally lost for words and seriously disappointed with work done by [b][/b]Alphamale Bio Digester. Apparently, he copies work done by others online and post it as his work! because this is what he did at my site! Photo & video attached, nothing close to what he posted on his Facebook page! I honestly expected what I saw online. unfortunately, that was not the case. I engaged him to do 2 of these, and from the start I had concerns, he kept saying “everything will be well, he has been doing this for 3 years”., he is not new at this” but when I got to the site yesterday, this was what I saw, I was so disgusted I can hardly stand, the other artisans on site were dying laughing at my reaction because they told him.
Now to the facts, I have already paid 200k for 2 out of the 350k I was billed for 2. This was suppose to be casted, he used blocks, dug a hole and buried blocks to absorb the water, I told him I had doubts about that working, he said he will add some chemicals, he added some coconut shell! I am still owing 100k, but based on what I have seen on ground, I will have to start all over again. Honestly, the level of unprofessionalism is shocking for what he expects me to pay 350k for. There is more, but I am so pissed off! Please your opinion because he actually thinks he did a good job!

I don't understand why people don't do their diligent before engaging this guys with their hard earn money. Without any experience on Bio Digester I can do better then what you posted. There is no need to hide his identity, you need to shame him here so others wont be victims. Many of the veterans we see now off and on posting their jobs, not mean they are not working, they are just to busy because of these kinds of cut and paste nonsense. I hope they all come back to make section be what its used to be 8 -10 yeas ago

n3xt:
That’s age long strategy of “Come inside shop. I go give you better price.”

The truth is I don't have the time to waste on negotiations. I’ve shared what I wanted and my offer. What else am I coming to do inside shop/WhatsApp?

I hardly have time for back and forths. That’s why POD works well for me all the time.

The only thing that’ll take me to the market is if I am picking custom items/materials or when there’s need to explore and make decision on alternative offerings.
99% of time, the clear intention is to convince/confuse unsuspecting buyer to pick a cheaper alternative/lesser grade/quality.

As it is at moment, I’ve not gotten anyone to fulfill my request for South African brick tiles. I’m about to talk to Phomi modified clay and ecobricks supplier in Lagos.

What happen with to the guy that offer you to pick them up. Like you rightly said no time to be going shop to shop not in that crazy Lagos traffic. This guys don't understand why is important to be open when doing business. When many of us asked questions they most understand there are interest behind those quotations. Spyder88 vendor could have be mine best bet, distains is the problem as I will soon need 250 to 300 Sqm of the same product

DFAMEGUY11S:
good morning sir /ma chatt me up with this number 07087953771 for more detail

What is the point of doing business in secrets, you guys should understand in dealing with one customer many other potential customer are witching, don't be suppressed after making it public many may call for the same product

spyder880:
Yes we always cut up the wood so we can reuse them, but this tree wasn't going to give us enough wood, it was better cutting up the stems for other uses. We cut some and got good looking wooden poles for electricity from it.

Nice to hear that, let see what the wooden poles looks like if you don't mind, any opportunity to save doesn't matter how small is a plus in this current economy

FEGEITOK:
Disclaimer: Layman speaking!

Screeding is composed of cement which may be Dangote or POP + screeding paint + glue (usually Top Bond).

I found this somewhere on the internet:

cement based screeds should not be force dried


Also saw 7 days per centimeter of thickness which can easily amount to over a month of drying time

I also saw ball park drying time 1mm per day

My conclusion is this, I will draw out the finishing time. I will wait a full one month especially for interior screeding.

Something else, I've read about watering the plastered walls, but not much has been said about that on this thread (or I haven't stumbled on it if it has been said).

Seems that these are trade secrets, hence no one is spilling the beans.

Hahahah, so funny. I dont think so, thanks for bringing this to the thread for debate hoya experts in the house

spyder880:
Using a chainsaw to cut up the fallen tree so we can remove it from the building space this morning......

That tree looks like hard wood, look at the middle. I"ve seen you slices tree on site used for paging before any reason for not doing same on this site

spyder880:
Yes, we tried all we can to control the fall but it wasn't possible. We repaired the shed yesterday afternoon. Work continues with the site clearing today.......

That tree looks like hard wood, look at the middle. I"ve seen you slices tree on site used for paging before any reason for not doing same on this site

dongc:
This is a very funny story about land
I inherited two plots of land at ogborhill Aba...it is funny to read hand-written receipts and two witness statements...lol... first plot sold for N500 nairaland 1976... landowner borrowed another N400 for another plot...infact my father bought atleast 10 plots through money borrowing or trade by bata...he ensured atleast two witness statements with each purchase....

I asked why he didn't buy more if he could...he was worried they will come back to reclaim ...well their children did in the late 90s....

This is very interesting, the question is. Do they pay back at the value of 1976 or at value of 90s

rotecch77:
$1 excluding materials

O ga ooo, so na dollars we are spending in naija naw?

mufutau55:
Resident Card, Yes but not Citizenship.
If you keep living in USA permanently for five years with your resident card, you can apply for Citizenship; although not guaranteed.
And I think the investment should be $500,000 or more.

Hajji M.

Even with the investment not guaranteed as well, with all the requirements. An immigration officer may fine excuse to drag the case to waste one’s resources and make those lawyers get richer through one case. Sometimes is grace ooo not wealth. May God help us.

Dijita:
@Sonnie10, it is not every property that have lawn and home association expenses. You will not pay 22% income tax on $12000 income unless you have other income. If you have other income your rental income tax will be marginal rate. Also you don't need property manager unless you have a lot of rental properties that you can't manage yourself.
You also appears to be double counting.
Income tax is not paid on gross income. The income tax in your scenario is paid after deduction of property tax and other expenses.
if you are paying home owner's association fees, why do you need a property manager and pay for the lawn maintenance?
If you have 60K to invest in rental income property. You probably will use it to buy about 4 apartments in combination with mortgage. You don't need property manager to manage up to 10 apartments. By the time you pay property tax, the return on your investment is not on the monthly rent when compare to other investment opportunities. But the appreciation on the property over time. I have some properties with annual rental profit of $300 to $600. However, 7 years return on investment is going to about 65% due to appreciation.
Some of you may say Nigeria return in Nigeria is higher but the peace of mind and security is Higher. The 65% is actually return on the total cost of purchase. The return on your own investment can be up to 300% or more. A friend bought property investment for $500k in 2014 and sold it for about $950000 in 2021. His actual down payment was 6.5%(32.500)

Thank you for breaking it down as it is. When I saw his analysis I laugh in Spanish. Something like, Addendum, lawn, property manager, Home Owners Associations, 22% income tax. first of all, not every State pay State income tax, moreover property tax and some mortgage interest are deductible at the year end income return. Secondly, many county used those property tax to finance their county district school teachers. Their are many thighs attach to property tax is different State of the Union.

Nero2424:
You'll even find a few for $40k but you will have to go to bed every night with bullet proof vest. Some parts of Baltimore, Detroit and Chicago will have such low cost houses due to shootings.

True talk oooo

rotecch77:
Means 1 part of cement to 4 part of sand.

How do I mean
Any thing you used to measure will be in this form
people usually used head pan or paint bucket here .

1/2 bag of cement equal to 1 head pan or paint bucket ( big type)

Practical : 1/2 bag cement to 4 head pan or bucket.
Hope this is clear enough.

Next class will be tomorrow by 12pm
Where is my attendant sheet …. ( it’s 10 mark) part of your CA

Oh man I miss this your lecture class

Abudu2000:
did a design for a client there since 3months ago, till now i never chop the money finish

My brother that is part of your money wey supposed to be your right na him you the chop so ooo. keep choping it jare, those people no mean well for our people.

topsy23:
What of banana island .700-850million naira

Tope I beg you please don't blow my brain up with those numbers. I was there last year rented one small room AIRBNB for $150 per night, naw same generator. The only good thing there is fiberoptic fast internet, which is normal thing in the west.

rotecch77:
Someone asked same question sometimes ago.
Actually it’s part of there daily routine.
But you know Nigeria workers you need to give them token or incentive at times to make them happy

I'm the one.
I also recommend same to other builders here to emulate.

GoodFaith:
200m naira is about $365, 000.00 ( just Land )
Nigerians keep robbing each other

Imagine that humongous amount of money, when it’s Naira many people don’t pay attention to how huge it is, until it’s converted to dollars everybody eyes open wide. That amount of money can buy you an average of two family home with average retail income of about $18,000 a year and the landlord may live there rent free for the remaining of his life without owning generator. That’s just for land in Lagos even after all that someone will still be milking you in the name of service and charge up to 3m per year. We are our own problem, people just keep ripping themselves off thinking they are building life when in fact they are building hell for generations to come. I hope the bubble doesn’t burst soon because there’s a limit to how far you can push people:

topsy23:
There is an estate after Ajah own by a well know man in Lagos . The yearly service charge is 3m and presently a plot is now 200m.

Imagine 200 million for land and we are still talking about generator, what a shame.

AngelicBeing:
It seems we have alot of Zaria / KADUNA ( brought up / grew up /
Worked / born people on this thread led by honourable OTUNBA Hajj Mufutau55, what a small world we live in, who knows maybe in the future we might be investing in a Zaria real Estate projects, fingers crossed till then

Same of us here as root growing up in Kaduna. I’m one central Tudun wada , and Lagos. I remember when Hassan Usman Kasitna ordered pulling down entire Mondo town where my dad just finished building his mansion then. They claim the land belongs NDA. Years later it’s was just a trees planting field. Nigeria government on land wahala to much.

[b][/b]

QSFemi:
At this point, I've a duty to set some records straight and establish the facts of the Trillion Park Building project belonging to my client, known here as Somehow.

There's an undeniable fact that there's already an ongoing dispute between the project owner and the contractor who happens to be a known member of this noble thread - @N3xt.

As a Professional Quantity Surveyor, I owe a duty of care to my client, the project and the contractor and I've sworn an oath to discharge my quantity surveying duties to the best of my knowledge and competence without fear or favour. That has always been my mantra and I've lived up to this expectations as best as I could. This is evident considering the myriads of clients that have patronised my services here on this thread, many of whom, I did not even know in person.
Most of the clients I have worked for here can attest to my competence, sincerity and most importantly integrity.

For the record, I recommended Next Home and Builders, the company name of N3xt for the award of the contract anonymously after I have reviewed three quotations at my disposal. I made the recommendation without knowing any of the contractors because it was the client that sourced for them. It was after the contract has been awarded to Messrs Next Home and Builders that I get to know the personality behind the name. That means that there wasn't any bias from my end towards the award. For the record again, the tender sum of the contractor that won the award was not the lowest among the three. For those following my professional writings here, I've emphasized times without number that projects are awarded to the least responsive bid. The project was awarded to the contractor at his own tender price.

The scope of work for the contract entails the construction of the carcass of the building including the roofing. The contract was meant to run for just two months commencing from March to April.

In September 24th, I recommended the termination of Next Homes and Builders contract after the project has been overrun by 5 months and there wasn't any real action being shown towards the completion of the contract by the said contractor. After the termination, the contractor was asked to prepare and submit a handover notes and present himself on site for assessment of work done and undone in order to have a financial reconciliation. The contractor failed not only in submitting a handover note but also in presenting himself on the 28th of September which was the date I eventually visited the site for the first time. It should be on record too that the contractor failed to even send a representative.

As it stands now, there's dispute on the contract as to how much is due for refund. I've presented my client's refund amount due to the contractor which has been contested on several occasions with some reviews even done to accommodate some of his logical submissions.

Professionally, in dispute resolution, the following four methods can be applied, viz.,

1). Mediation
2) Conciliation
3) Arbitration
4) Litigation

From all indications, the contractor wants the client to go to any length that he cares even to the point of litigation because there's no iota of commitment on his part towards resolving the issue.

I have advised prior to now that an independent registered Quantity Surveyor be engaged to establish the amount due for refund but no serious action has been taken to effect that.

@N3xt, I put it to you here that you do not want to go the way of Arbitration, which take a considerably lesser time, to adjudge the matter at hand. In your own interest, I will advise you here to seek alternative means of dispute resolution to have an amicable solution.

Cheers.

QsFemi.

I find it difficult to understand above. The brand is everywhere, more so the company must have present its quotation with his company letterhead. Mr Bosun please try to learn NOT TO BE RIGHT ALLTIME. There is no need to always wash your laundry in public. Find ways to resolve your issues without public input, when both parties signed the contract it was in private.

somehow:
$25,000 per year is #13, million naira

I am trying to understand your point with the above sir.

Are we talking about the cost of owning a house or rent?

Its both, I mean 2 family home, one apartment for owner rent free as far he services his mortgage. The second apartment, income rental of average let even say $1,900 monthly, no be like Lagos when tenets pay one year rent and live rent free for 2 years battling case with you in court. This is how many people in the west thinks, that why many many of them with a lot of wealth are not investing in Nigeria. Owning home in Nigeria is to have placed for self. If look at it as business, then you most invest a lot of more money that can even make one more better money in the west.

somehow:
₦120m house anywhere in Nigeria can't be ordinary sir.

A 2 family home should consist of what and what sir?

Average house in Lagos that I know is between ₦40 million and ₦80m. (They range between semi duplex to detached duplex of a minimum of 3 beds).

Bungalows are between ₦25m to ₦60m.

An average $300K House of 2 family in America is ₦156,000,000. (₦156m using ₦520/$1)

The amount above will get you above average house in Nigeria.

Annual property tax on that $300k House in America will pay your power and other things within the same time frame.

There's no way on earth an average house in Lagos or houses in Nigeria is more expensive than the US, UK and their like.

Hahaha you make me laugh in Spanish, you forgot average rent on this houses you’re saying the are expensive paid $2,100 per month x 12 sir in dollars. I don’t know math ooo. Please tell me how many rented apartment pay $25k per year in Naija where land are sold in some estate at 60 - 100m sir.

somehow:
No, they're between ₦60m and ₦75m the last time I asked and these are the semi-detached wings. The apartments are a bit cheaper.

Where was this one, the one am talking about is in Okunu estate around Osapa London Lekki. That apartments are nice finishing though.

sonnie10:
No One story building (2flats) in the whole of Ikorodu, Ojota, Ketu, Alapere, is worth #150M. My former boss sold his four flats one story building at Agric ikorodu recently for #30M

It’s depends on location of the building, trust me most houses sold are base on speculation. Just 3 months ago someone is offering his 2 number 2 bedrooms and small room shanty house on 385sqm land in Ilupeju for 120m. I can assure you those people with a lose money through corruption will buy that building.

sonnie10:
An average single family house 3-4 bedroom in US average neighborhood is about $350k. That is about about #175M (@$1-#500). This amount can build 3 solid 4 bedroom duplexes in most developing neighborhoods in Nigeria.

My brother, which city or State will 175m build one 3 solid 4 bedrooms duplexes. In Lagos I can tell you this for free, even the so called government houses that they claim is affordable in average neighborhood like Lekki, Oniru, that where recently sold. 3 bedrooms flat are sold for 75 - 95m. I couldn’t afford one, people already paid 70% upfront 3 years earlier before on block is lay on the site. So please tell me doses that translates to our economy reality. imagine that.

somehow:
How much is an average house in big cities across the countries you listed above?

It’s depends on location, one thing that is clear most houses in the west unban areas are build over 50 -60 more years ago. Average two family home is still affordable to buy at $300k on montage. Compare to ordinary land that’s are selling in Lagos, Abuja and others places for 120m with no light, no central sewage, no central water system.

EgunMogaji2:
Welcome.

Open a thread, post your works on the thread, link the thread in your signature.

Be a craftsman, don’t be a cheating hustler like some, and money will flow in.

You have a captive audience.

True talk. Oga take the advise to bottom of heart be wise, if you choose better name then naira value then, Sky is your limit here. Quality, Quality, Quality and better finishing should be your logo.

twinskenny:
in Ogun state along lagos ibadan expressway 10 years ago a piece is been sold for 800 900 but now 10m

Simple reason for that, speculation and corrupt money everywhere, people think they are making progress. Imagine how could houses is more expensive in Lagos, Abuja and others big cities in Nigeria then UK, USA, Europe, Asia. Nigeria is the only Country on earth where prices of house triple in less the 10 years mid develop areas, with no any mini full economic growth.

AngelicBeing:
Ni ma inajin Hausa, a Wusasa Zaria - KADUNA State aka hafai ni, na Je makaranta a Army staff school - NMS Zaria, Uncle na yaje J NMS ZARIA da NDA KADUNA

Wow see life, so many of us as root with north. Alhamdulilahi mugode Allah. Before I left in the 80s I've been to at least 8 norther States

Born2conquer:
Lol, I used at least 15 because the goal of almost hausa men is to have 4 wives and as many kids as possible which can be up to 50 in some cases

Wona ba wasabane faa, manta hudu da Yaara hamsin ar Naigeria yahun Allah yahsaa alibarak. Amin. Don’t be surprised I still spoke Hausa sosa faa, after I left 1983.

Born2conquer:
For a fuel attendant to be building his own house then you should know most of them do build here also, they all believe in having their own personal home due to the fact that they marry a lot, the standard is 4 wives and at least 15 children so most men tend to start building once they clock 20.

So yes, the demand for block is high not to na talk of the main city like nassarawa, Hotoro, GRA, Zaria road and co where the wealthy hausas are.

How block take be 85naira even when cement is 3800.

To be sure , I will walk up to another block industry today

HahHahHah are you serious people still having 15 kids in this economy. I hope it’s not true oooo. This is the reason why we have so much out of school children, back in the days when I was there in 80s it wasn’t that bad. There a lot of undeveloped land, these days is really really scary with situation of security.