₦airaland Forum

Rekeb:
If your building is 80% finished and it already costs you 17million, you will need to tell us what the 80% finished means. Is it already roofed, plastered etc. @Akeens, please do not underestimate what the "20%" finish will cost you.

akeensbussy:
I can see high quotation from different people on this forum....N25M, N30M just for 5 bedrooms duplex. That is too much now.

I have 5 bedrooms duplex and 3bedrooms(set back) with a security house on a plot of Land for sale here at Akeja, Ota, Not far from AIT, Alagbado. At 80% finished.

price: #17Million.

How come in Abeokuta where sand, stones and Labour are cheaper compare to other places. the best thing the OP can do is to be involve in the process 100% and u will discover that u not even spend up #15Million.

lastpage:
First, as has been mentioned, the final cost will vary a lot and will depend on a lot of factors such that you cant compare your cost to that of others but what you can get is an "average".

For example, the type of soil on the land you bought (alone) can make a difference of #3Million Naira in your expenses.
Assuming you bought a "soft soil" land, compared to someone who bought a red-clay land.
The former's foundation would consume a lot of Iron, Cement, Granite and Stone-dust/Sharp Sand in building say a Raft foundation tha may be as high as 5ft minimum (to avoid future stories of the heart) while the latter's foundation may just be 2ft high without much reinforcement.
With current cost of Iron and Cement, l am sure you are getting my drift.

Having said that, if you are not the lazy type (and l dont think so otherwise you wont have been planning to build your own house), l would advice you to go to the property thread and READ, READ and READ building projects (especially the DIY ones where the owners double as the Supervisor ) and then cap it with the off-topic thread (you can always skip the wailing and rubbish post that wont contribute anything to your quest for knowledge) linked below

https://www.nairaland.com/2550211/general-topic-thread-to-discuss-anything

Knowledge is Power! These threads would make you a small "Pro" in no-time
If you are a novice to building (in terms of "basic knowledge", expect to lose as much as 25% of your budget to greedy builders/Contractors who will eat you without mercy! (not all of them are guilty of this, there are some like Abdulwatexc who still do a good job for the money)
Inflation of cost of material, over-invoicing, over-inventory, buying lower quality than quoted, e.t.c are ways you will lose money, just to mention a few

You have seen how your "proposed cost is jumping from 9M to 20M to 25M to 30M already!

But dont let that dampen your spirit in anyway.
Just start and dont bite more than you can chew!

Your build wont be the best in Abeokuta and it won be the worst ......but do something you know you will COMPLETE in good time.
Dont over-build to impress anybody.

I can feel you are already feeling depressed by that 30Million mentioned

It all depends on you:
*Can you spare the EFFORT and the personal TIME to cut down cost (You can have an over-seeing consultant on a fixed payment based on site-visits..... not someone just collecting your money and staying-away from the site!)

* Be very careful with parting with money, especially to these Contractors on Nairaland!
Ask around, there are some Contractors l will not give my #3, not to talk of #30Million.
Ask around but for now, l have "very strong opinion" about Abdlwastexc and Spyder (search for the threads of these two, good builders and read)

I hope you realise that MONEY can cause enmity between you and your Uncle and Father-in-law?
My Mother use to tell me this: " Any amount of Money you cant forgo, dont lend it to a relation otherwise, you might have to chose between your money and your relation" .
Be careful in that area, l take God beg you. (Except you are a very, very "Cheerful Giver"

The cheapest part of the build is the block-work itself but it is what makes you think you are building a house as it springs into life.
Major areas of cost in "approximate percentages" are:
Foundation (13%), Blockwork (8%), Decking (11%), Roofing (10%) Windows and Doors (15%), Plastering and Tiling (20%), Plumbing, Soakaway and Electrics (10%), other Finishings (Painting, Compound, , e.t.c) 10%. Let us set aside another 3% for contigencies, totalling 100%.

Now, you can start work once you have 40% of the cost as cash and you have a steady stream of income, otherwise l would suggest you up it to about 60% but please, DONT overbuild to impress!
It is better you build to a scale your budget can accommodate within 12-16months max. (I know you said 6months ).

BTW: Five Bedroom Duplex is very good but do you by any chance have up to eight children or is it just your immediate family that will occupy that 5-Bed Duplex? Well, it is your first house so you want to impress yourself!

Hmmm.... 3-Bed Duplex with 2Units of 2 or 3-Bed Flats at the back will give you better value-for-money, give you flexibility with "sleep-ins" and will bring you income streams, when you discover that you dont need the "Big-Man" house that we all always start with.
I am speaking from experience but l pray you will get there sooner than me and realise what l realised too late!.

Dont mind me, l like to write too much.
I wish you all the strength and determination. Go for it.




Lastpage!

Caveat: I am not a builder/contractor and l am not selling anything o.

CzarChris:
now I'm hooked, been seeing this type of building designs lately, and I must say they look simple, neat and nice. What's the average cost of building something like this with the OPs description /taste? I'm kinda thinking in that angle right now.

Braden102:
What's the Sqft? Those style of houses you guys have in Nigeria are so ugly ,colonial and outdated.They also look complicated and may incur unnecessary expenditure. The homes in the photo below are very simple,yet elegant,straightforward ,and also easy to build and complete within a short period of time. In fact,you do not have to waste money on conventional roofing nor stairs because prefabricated stairs is much cheaper. Colour is also important in the finishing . White ,grey and peach colours gives a modern look to a building.

koning:
You can complete it with N16m even with the current price of cement. Just be there and monitor things yourself. Buy materials yourself and hire and independent engineer to supervise. Do not give any builder cash to build and deliver. They will make a minimum of N5m on your head, especially when they know you have access to Dollar or Euro.

They work as a cartel here on NL and back each other up with the outrageous price quotation to make you believe it's genuine. A well trained craftsman can deliver a quality 5 bedroom duplex. Just do some research yourself and work with him. It's your house and you have the final decision.

amagunnerfan:
Hmmmm? I will wait for more estimates but not looking good. My capacity is 16m. And have a high taste.

goldbim:
smh..spoilt fish..pervert everywhere

PapaBrowne:
Custom revenue December 2013----- 85 Billion Naira
Converted to Dollars in 2013 at exchange rate of 160---- $531 million.


Custom revenue August 2016-----95 Billion Naira
Converted to dollars in 2016 exchange rate of 320------ $296 million.


Why is this government so bent on deceiving the public. The inferiority complex of this government is messing things up badly. Always looking to compare itself with Jonathan's government.

ireneony:
Typical banku eating people.


#food for Vaseline crew association

But that dogging style meh

goldbim:
..maybe he only put the tip but did not move....if I hear.

NaijaCelebrity:
Nollywood star cum singer, Toni Tones who recently starred in the movie 'it's her day', which was premiered a few days ago, stepped out for the night event in a stunning white outfit that showed too much of her cleavage.

The dress code for the premiere was 'wedding' and in line with the theme of movie, Toni Tones, a fashion geek, did not disappoint as she looked stunning in this white ensemble with a detachable train that later transformed into a jumpsuit for the after party. She topped the look by pulling her hair up in a chignon added with drop earrings, gold sandals and a bracelet.

See photos below ...



http://www.tunezmediablog.com/2016/09/popular-nollywood-actress-and-singer.html?m=1

sinaj:
it mean Oko

KingCheezyPuff:
[color=#00cccc]prolly but I will get us take out [/color]

FunkyMetahuman:
I go chop am with love