₦airaland Forum

Rexology:
Please how much will it cost me to have this type of Window burglary in the following measurement :
6x4
4x4
2x2

thanks for your enquiry. It costs

18,000

16,000 and

5,000 respectively. Good morning sir

Hello everyone. I want to inform the house that I have been mobilized by Ty01 to start the windows below. Kindly follow me on this journey as I start this chapter.

Thanks and hope you had a great day

kopell:
How many pieces of the Patten cost 70k, 63k, 3500k?

just one. Pick one and you are told the price sir. E shock you abi?


The price isn't guaranteed. Although there's an alternative,it can be made by hand which will significantly drive down the price. But the one you have on the picture is the original stuff

Not to ruin anyone's business but here's current prices of the attached materials

#70,000

#63,000

#3,500.

I'm currently where they're selling these materials to get what I need to do the job below and that's what I was told. Now how can he arrive at #25,000 per square meter

ceelog:
@michilin

Oh so its even possible!!!
And I was arguing that is too cheap to be real.

Here are the two choices he is considering with little modifications

hmmmm. Well I don't know about others but I can't do any of this job for less than #35,000 as at this morning. Maybe last year, I might attempt to do the second one but only achievable if I decide to make them myself.


But I don't know sha, he might have left over materials or something

jabolo:
I'm surprised at this lack of ambition. These hurdles are not insurmountable. There are a million moving parts in a typical vehicle for which lubrication has been cracked.

What's the difference between this and the larger sliding doors for terraces?

Anyone else interested in running with this as a business, please drop your details here.

Especially if produced as a retrofitted replacement for those death traps we have seemingly made the norm, you will have a ready market here - starting with mine.

you call it lack of ambition. I spent five years with my boss and not for once did anyone request for this. The people who can do this type of work are old welders. There are alternatives to this

diordaves:
This is sad. It is the near perfect solution for sliding glass doors. The factory manufactured ones don't need that much running maintenance.

have you seen this work or basing your opinion on YouTube videos. There's a reason home owners stopped requesting for it.


This burglary has issues with frequent maintenance and repair. Being that its movable parts are just screws, you need to keep applying grease else,a hungry adult can't open it

diordaves:
Why?

bro, it's a very difficult job and a mistake from the manson guys and you will be going back for maintain, tighten screws and whatnot. It's not worth the stress as a welder.

If you find anyone who will be patient to do the job, don't hesitate

Focusmind:
Nice burglary design. This seems to be in Cameroon and not Nigeria going by the phone number indicated on the picture. The one I saw in Nigeria was for big entrance doors used mostly by boutique and showrooms.

Do you produce this open able burglary as it is there in Nigeria?

the time they did this, I still dey secondary school and had zero idea I would later be a welder. People run away from this type of work now

This is the rod in question. E just dey chop money dey go but like Oga Spyder880 talk,buy your materials in bulk if you have the funds. If to say I didn't buy much of the rods that I need for this gate, it would end in premium tears

erico2k2:
Wood work done

I still dey follow this work cause I believe I have services which you will need

ceelog:
Greetings everyone!

Please I saw a quotation for wrought iron hand rails for 28k, though the common price per meter length is 35k or so here in the East.

I personally have doubts but my friend who got the quote is confident and wants to go ahead.

Has anyone seen such a price for wrought iron jobs?
NB: The person to do the job had just completed one in my friend's village and from the video it looks like a good job.

Or are their various qualities of wrought iron in the market that warrant such a low price?

@michilin and n3xt and others please comment.

drop pictures of the rails you want to do.


Here's what happened, I went to buy 14mm wrought iron rod this morning. Something I bought twenty lengths on Saturday only to be informed that there has been #300 increase on each rod. I bought extra ten pieces with tears from my eyes.

What am I saying, if you want to give him the job,do that ASAP cause cost of materials is increasing by day

I ensure that every kobo you spent with me is worth it and that's why I work to ensure perfection

We create perfection. You can't pay me and not enjoy every kobo spent

Dijita:
I don't buy into the fact that people can make money through ritual. However there are people doing ritual to make money. In most cases their success is what I can call placebo effect.
However, I am with Zuraking that 99% of people paying 200million to buy a plot of land are not making their money legitimately.
If you disagree with me please educate me on the business these people are doing. remember for a plot to go for that price it means the demand is very high. This is not 1, 10 or 20 people. You are talking of about 100 to 1000 people from the same area. What is Nigeria GDP?

there are level to everything in life. Condo houses in New York City pass like this and na person dey buy am. Make we leave this "ritual money" behind. Na for Nollywood e dey happen.

If his argument was that people do fraud and embezzle public funds that's totally different

zuraking:
how did the generator importer started? Most of these importers fraud foreigners and won't pay for goods shipped after sending advance or nothing.

his brother was doing the business when my Oga was an engineering student at UNN. Unfortunately his elder brother died and he took control of the business and brought education to the business. The business exploded exponentially and today he's one of the biggest importers of generator parts in Nnewi. If you have any petrol generator, I can bet you that you have his product in the generator.


He's also into the importation of motor parts

zuraking:
I like it when we feign ignorance even when we actually Know the reality. I want to see anyone here who can be bold of having 200m he/she isn't using and can use to buy 1 plot of land after working for decades home/Abroad

are you still on this talk bros?

After my secondary school, I went to spend some time with one generator importer. This guy make sales of about 4ml daily. That's average oh. I dey write invoice tire. This was as far back as 2010 oh. Just let that sink in

Jasobry:
Touts are different from robbers

right now we don't know the difference. Not too long ago,a man was killed by those touts abi tax collectors

spyder880:
What you need to do is blend into the Onitsha scenery. You will never be bothered by anyone, wind up your car glasses in slow traffic, dont show people the bundles of money you have, keep your phones in your pockets and hustle like the next man. Onitsha is cool if you know how to navigate. As for late nights, it's very unsafe to keep late nights in any business areas in Nigeria, that didn't start today and will not end tomorrow.

Edit.
Touts in Onitsha? That's new. Where do they stay and what work do they do there, because Onitsha has only private motor parks, there is zero motor touting. The only people you will see chasing vehicles and collecting money are either local government agents or community youths, and they are well known. They come with printed receipts.

my boss was robbed towards end of last year in broad daylight. He went to buy materials for one job like that and he robbed at gunpoint at upper iweka around 5pm. I no sure you rugged pass my Oga for streets. Onitsha get as e be ever since this EndSars wahala

spyder880:
In Onitsha, you have to first start by settling the community boys, it's not as if they will not come again when they are hungry, but pay and obtain receipts for their community and youth development fees, please keep this laminated and pasted at a prominent position in the front of the building where it's safe from people who will remove it. Plan to pay as much as N400k, meet the main chairman and get his signature signed in your front.

Them move to the government, the Anambra state physical planning board is the body handling building approvals. We paid up to N600k for a 4 decking last 3 years. https://www.nairaland.com/3787617/new-10-flats-2-bedrooms/16

a client I worked for told me she paid above #2ml to the host community before building a bungalow in her own land. This happened in Nkpor close to Onitsha. This isn't part of the cost of processing the land at Awka.

If you go to Ọbá to build, chances are that you're buying a land sold to about three people prior to you. It will be sold to you at a ridiculously cheap price when compared to lands in Nnewi but you will spend most of your days in court spending the same money you're trying to save

BrabusNG:
Out of curiosity, is Ibeto richer than Dangote? Or is the auto plant larger than the Dangote refinery project (Africa’s largest)? You’ll still get 1m land around Ibeju if you search well despite the multi-billion dollar project happening in the area.

These guys don’t buy in plots. They buy in hectares or even in miles.

I think this is one reason people think Nnewi lands are overhyped.

This is just my irrational thought. Don’t take me too serious.



https://www.youtube.com/watch?v=e1KGpB45l0c

where do you plan on seeing a hectare of land in Nnewi. Such lands are in the hands of multi-billionaires in this town and they're not ready to sell a sand

spyder880:
My friend who is from Nnewi has no plot allocated for him from his ancestors, his whole community has no lands anymore and so with all his siblings and cousins. He has to go and look for lands at any cost if he will build anything in his home town. He is willing to pay any amount to build within Nnewi.

The akuluouno strategy is also putting a huge squeeze on many lands, especially in Anambra state, Anambra people has thus invaded many other neighbouring and not so neighbouring states to buy up available lands in huge quantities. I know many bush areas of Enugu, Ebonyi and Imo state already bought and documented by Anambra people. They usually buy 100 - 200 plots or even more.

recently, pictures were paraded on the internet about the home of one man from Noni. Seaman to be exact. It's estimated to cost $10ml for a house he comes back to every holiday or burial ceremony. You might try to explain to him why his decision isn't economically wise and he want you to explain to him how you are such an awesome investor and yet you don't have #5ml to your name.


Luis Onwugbenu popularly known as "Luis Carter" or "Carter bridge" went to the home of his in-law Innocent Chukwuma aka "Innoson" and then realized he's living in a hut all his life. He went to his community and started buying up every single land. People who already built houses there were given market value for their properties. About two four storeys were destroyed to make way for his new home. If na you get there, you will want to cash in as much as you can.


Ibeto is currently doing same. He's buying up every available land and building close to his home to enable him expand his compound

whirlwind7:
That "other plans" you had for the land, is it inflexible?
The beauty of landed property is that it could be modified for any purpose.
If Ibeto sites a factory there, and you were hoping to build a residential property, does that make your land lose value? Of course it doesn't!
You simply modify your plan to suit the environment. You might decide to build a warehouse on the ground floor, and then commercial (office spaces) on the top floors.
Those offices can be used for anything from banks to hospitals to supermarkets to hotels.

The most important thing is, get that land first. Once you see an "nnukwu mmawun" taking an interest in a certain location, you lose nothing by tagging along if you got the funds.
That is exactly how Dangote drove up property prices at Ibeju Lekki when he decided to site his refinery there.
That single step alone gave birth to many people who registered and established property estate companies with Ibeju Lekki as their first foray into the real estate market.

this is the thing some don't understand

BrabusNG:
That’s why I’m going to invest in the neighbouring communities. The billionaires will buy from me in not too distant future.

exactly. Some people are in the "waiting business" of real estate. When I say "waiting business" I mean eh, they can buy a land from a desperate person for cheap and then wait for fives years or less to flip it for about 300%. You don't need to invest a dime except to fence and add gate. That's all and you recoup your funds.

Another factor pushing the demand for lands is lack of education and knowledge. A person left his papa house at thirteen years and before twenty, he's already a millionaire. His Oga wet teach him is buying and building residential homes and collecting rents. He has about #15ml to #30ml sitting idly in account. His next line of investment is to follow his Oga into same. After all "container na abata" every month. He doesn't need to recoup the money he invested in his first build to venture into another. He just doing what his Oga and every other big man he knows is doing

Ndyoo:
So I am paying because I am buying a land close to Ibeto. I don't have the mentality that my destiny or growth is tied to anyone. If he decides to build an industry for production there and you have other plans, what happens then? This is following the crowd. Sometimes it pays off, other times it is really stupid.

if Ibeto decides to build a factory there and you happen to have an empty land there, you're made immediately. You don't need to build anything there are to sell it on premium. From the expatriates that will work there to people who will want to own a by industry that will supply to Ibeto or allied firms. You guys don't understand the need for such

Godisgreatest1:
I have been to Nnamdi Azikiwe University, Nnewi. On leaving the campus I asked my colleague the estimate of land properties around the institution, I can recall he said I should forget it that it's an 'expensive' question.

Personally, I know an Nnewi man resident in Port harcourt that owns 2 plazas of 2 and 3 stories each yet he rides a 'ladies' bike. He converted the entire ground floor of one of the plaza to a warehouse for fasteners and industrial power tools. You see different students going there for IT. The man isn't even educated. I see Nnewi people as 'industrialists'.

I know one man that trades on car filters in Nkwo Nnewi. Hé has properties from Nnewi to Port Harcourt to Lagos. Hostels l, residential homes and empty plots of lands yet he rides old motorcycle while the wife drives a corolla. This man dey wear same sneaker from year to year

diordaves:
I understand clearly this line of argument you and michlins are putting forward. It is not hyping Nnewi. It is the statistical fact. This is called localisation of industry in elementary economics. You want to site your industry where the amenities and market are.

The land prices are driven by the need for industry and manufacturing. Built up industrial plots are priced higher, so Nnewi industrialists see each plot as a potential industrial/manufacturing plot.

People should understand that it is not always residential, there is industrial element as well. If you don't understand this, you will be thinking 100m for a plot is not economical. It is economical. Get a plot for 100m, build your industry for 300m for example, that is 400m investment. Your first year of trading (goods), you will get that money back. The industrialists know this, so they are ready to cough up good money for industrial plots.

People say I will use that money to buy two houses in Lagos for example and rent. It's all about ROI. This is not appreciating land economics. The ROI for top notch industrial complex will always be higher for a corresponding residential property.

Take Agbara in Ogun State for example, a residential plot in the area is on average 1.5m but in Agbara Industrial Estate, the situation is different. Same in Apapa, Ikeja etc.

it's not only that, the importers need warehouse for their goods and they need a place very close to the Nkwo Nnewi market. Lots of factors are affecting the insane prices people pay for lands.

You also need to know this,an average person in Nnewi of about twenty years will sell his inherited land and then travel to Lagos or anywhere else and spend like ten years. He will come back and then ready to buy back that same land no matter the cost. It's only then he can tell his peers that he arrived as a "big man".

n3xt:
If rent is as cheap as 350k, it makes no financial sense to buy a land and build any type of house there. You won’t recoup your investment in 2 decades even if the rent is increased by 300%.

I once lived in an estate where you pay N2m/ annum to rent a 2 bedroom BQ and 1000sqm land is sold N45m within the estate.
We also pay as much as N7m / annum (and even far more) to rent duplexes in some location in Lagos.

If it’s an industrial area, the price 100m/plot is still cheap compared with what’s obtainable around here.

Instead of investing in such area, a wise investor will look for land in neighboring communities and buy land at cheap price to develop residential projects.
If however, the plan is to flip lands - it’s a wise decision in my own opinion.

the people who pay such premium for lands no be everyday Joe. Tenant house doesn't make sense here. Remember that Spyder880 said no Nnewi man will rent a duplex and that's true. Onye Nnewi thinks it's wrong to buy Eva water of #200 when there's a sachet water for #10.

Someone said something about dragging the roads with bike riders. Most of these people you see on bike are multimillionaires. There are simple bikes that cost about half a million Naira and they look just like every other bikes.

Nnewi is a weird town

Ndyoo:
It doesn't make sense to me. People are always crowding one place. Anambra is not a big state. I mean from my village to Nnewi will be a 45 minutes drive at most. If I want to set up a business, I will choose Onitsha or somewhere near it. Buy the land at a good price. You will buy 5 plots or more at a developed place in Awka or Onitsha with that amount.

let me tell you,ozubulu is a very close town to Nnewi like they're neighbors. You can get a plot for 6ml in a very good location there but no, people will prefer to pay more for Nnewi lands.

Talking about that, Ibeto bought and fenced more than 50 plots of land at Awka etiti just a town close to Nnewi. No one knows what he plans on doing there but trust Nnewi people, the whole lands around there are now premium. You want to buy land close to Ibeto property, you have to pay premium for it. E no easy but that's

spyder880:
Nnewi is not expensive because of property rates, for property renting, Onitsha or Enugu, Owerri might do more than Nnewi. Nnewi is costly because of manufacturing. Industrial type developments and one man manufacturing companies dominate the business and property costs.
Renting duplex in Nnewi may not yield much profit because many of these producers and workers live in their own homes. There are so many built up houses that are unoccupied, so many people squat for free.

Edited: No proper Nnewi or Onitsha trader will agree to pay rents on a duplex, he can only live in a duplex, Only if he owns it.

innoson recently bought more than 100 plots to enable him expand his car manufacturing firm. If anyone cares to confirm, ask about umuezenam in umudim Nnewi.

spyder880:
I also happen to know Nnewi, as I go there to buy things and I have friends from there. Please do not mind the seeming chaos in the market areas of Nnewi, there is no more land for sale as the population looking for good lands are so much, fuelling scarcity and this has greatly increased cost of lands.

There are numerous billionaires from that same Nnewi, all looking for more lands to expand their businesses, they will not bat an eyelid to buy lands at over N100m for one plot.

Is Nnewi lands too expensive? Yes.
Are they worth it? Yes.
Will I buy it or advice others to buy at those high costs? Yes.

Costs are high or low because people had factored the immediate and future developments in the town into consideration. Nnewi lands are set to get much more expensive as more people continue into mass production of goods and services. Nnewi is a business area and many people reap their profits in a short time.

bros e tire me as we dey argue this. My former landlord sold their family property for #100ml more than four years ago. No be dem tell me oh. Right now they're building a plaza with the kind of speed that will make you question if these people dey buy cement and rod at same market price we all are crying about

n3xt:
How much is the rent of an average 4 bedroom duplex in this area? What’s the occupancy rate?

I always advice my clients to invest where it cost more to rent than own.
I’ll also consider tax friendly cities more than that cities where you’ll be paying astronomical property taxes forever.

house rent here starts at 350,000 for a three bedroom and you can build three storeys if you want