₦airaland Forum

All of us were here when people were making comments and campaigning that building to rent is a waste of money and time. People advocated for saving money in their bank accounts and mutual funds and High yield accounts.

well.. economics faces us all. limited investment in housing will push prices up, high cost of building materials will increase prices.

we need a mindset shift

Adedward:
successful done thanks u lord, contact us for ur next project,

we interpret it to visical level,

this is so beautiful to look at

APOSTLECHUMA:
IVORY COAST THE MOST BEAUTIFUL COUNTRY IN WEST AFRICA, NOT BIG FOR NOTHING NIGERIA.

You must be smoking white powder to have arrived at this conclusion. the Ivory coast I lived in or is it another?

dongc:
Please can anyone Suggest Quantity surveyor maybe based in the east or with good knowledge of pricing precisely anambra..three stage building schedule...

This is kobo kobo project cannot afford multi millionaire surveyors..Una welldone ooo...Thank you

I use him. Reach out to him and tell him you were referred by this username

So 4 years have passed since I made this post. And I kept wondering what could have happened if i had taken either of the recommendations made to me at the time.

I talked to GROK and these are what a 100k NGN naira investment on March 8 2021 could have been by today.

Summary of All Investments
Dogecoin: ~1,741,536 Naira
XRP: ~3,090,704 Naira
ADA: ~334,576 Naira
Bitcoin: ~777,616 Naira
Chiliz (CHZ): ~28,272 Naira
PancakeSwap (CAKE): ~101,776 Naira
Polkadot (DOT): ~56,960 Naira


Boss469 cobby14 itsmolep

christ007:
⚠️ Important Update – Please Read & Share ⚠️

I just recovered one of my SIM cards that was linked to my iCloud, and I was able to log into my iCloud using my mom’s Android phone.

While going through my saved data, I found a screenshot of the number that first texted me about the “job” the one that led to everything I went through in Port Harcourt.

I’m sharing it here so we can all stay alert. If this same number contacts you claiming to offer work, please be careful and double-check everything. Don’t fall for it. It might be part of the same setup.

📱 If you’ve received messages from this number or something similar, help share this post. It could save someone else from walking into danger.

Stay safe out there, my people. 🙏 – CM Interior

You should type out the number and the name so that the number will be indexed, in that case if someone searches for it, it will come up. It can't be indexed if it's embedded in an image.

Guys how effective is pop ceiling in reducing heat from a concrete decking exposed to sunlight?

bolu1986:
Enugu project ongoing


Let’s go…


Pop

Wall screeding

hi, was the screening done on the unplastered walls?

laptopsforsale:
People of God, my builder is charging me 1,000,000 to do the foundation (Setting out, digging, blinding, laying of blocks, filling and german floor) of my 2 units of 3bedroom flat bungalow spanning a length of 27meters and width of 12meter

Is this a fair price? For some context, bricklayers charge 10k and labourers charge 5k to lay 100units of blocks. How can I negotiate this total cost of 1m with my builder?

Grateful for tips and pointers.

Thanks family

As of this month, I am on a project that is almost similar with yours and here is a close rough estimate
setting out (inclusive of supervision fees) = 200k
digging @ 6000 per partition x home many you have
column base at 4000 x how any you have
blinding of columns give or take 60k
labour for concrete mixers per bag is 2k time how many bags of cement you have estimated for the foundation

laying of blocks @ 150 per block, they pay their servers
filling 200k with abeg
german floor you will need two masons for about 2 days give or take 50k, including the price per bag for the cement concrete mixers.
add cost of carpenters and iron benders too.

From this you can you know whether 1M is a fair price or not,

But I think that the person that gave you this offer is making a gain of about 20% i.e 200k, which I do not find bad. The headache with controlling all the factors of each stage and the labourers toubles too is a lot and that 200k is a fair compensation.

Very stupid and irresponsible to be reporting this as something that is ongoing, when it us clear that the source you pulled the news from is at least 6 hours old and all the aforementioned services are very much connected and working.

laptopsforsale:
People of God, my builder is charging me 1,000,000 to do the foundation (Setting out, digging, blinding, laying of blocks, filling and german floor) of my 2 units of 3bedroom flat bungalow spanning a length of 27meters and width of 12meter

Is this a fair price? For some context, bricklayers charge 10k and labourers charge 5k to lay 100units of blocks. How can I negotiate this total cost of 1m with my builder?

Grateful for tips and pointers.

Thanks family

I even think that money is not enough if he is the one buying cement.

Which would you prefer/advise to fill in a foundation, laterite or stone dust?

iamL:
Please I need answers o.

I am not a quantity surveyor, but I know that people can only give you an estimate if they see the dimensions of the house (the plan). No one knows whether you are talking out a 200 m2 selfcon or a 5 m2 self con. You have to provide as much details as you can for people to even try to guess how much it can cost you

Yes, I used to use that mode of transportation when I was still in Nigeria. 9th mile or opi Nsukka to Abuja, gwagwalada to the east etc. I knew all the spots for hitching long distance travels. I have used it for Lagos to Enugu, Enugu to as far as Sokoto etc. It's fun but it's also risky.

You have to know that I was relatively in my early twenties when I was doing this. Now that I am married and some relative level of comfort, no I won't do it except I go to the informal parks and I know that everyone entering the vehicle are all passengers. Nigeria is dangerous at the moment and extra cautiousness is necessary

m2cad:
I think the number of columns can be reduced considerably

Is this planned for a bungalow or a storey or 2 stories building?

No need for any form "double pillar"

it is for a one storey with concrete deck instead of zinc roof.

Biztech05:
Yes just for you to have idea, in common layman understanding!…

No big deal👌

Now the construction methodology?

but if I wanted AI input I know where to get it nau, what AI gave you to provide for me are things that are basic knowledge. I want inputs from humans with field knowledge.

Biztech05:
Yes, the design is acceptable if a thorough soil investigation supports the current design recommendations. This ensures the foundation is appropriately designed to withstand the soil's characteristics and prevent potential problems.

It is highly advisable to obtain a structural drawing to understand and manage the loads on a structure, ensuring its stability and safety. These drawings provide detailed plans for how a structure should be built, outlining dimensions, materials, and load-carrying elements like beams, columns, and foundations. By specifying these details, structural drawings help prevent design flaws, ensure accurate construction, and maintain a structure's integrity.

Expert is healthier…….
Biztech Consultancy.

Yes, but this is AI response.

My dear builders, Please tell me what you think of this plan especially in the terms of the structural plans. do you think the pillars are well spaced? Y16 (4 rods per column) is projected to be used for the ground floor. is there need for a double pillar anywhere?

Also you can comment on other observations that you think can be made. I will appreciate your comments.

dongc:
I can understand... since you are helping him market it. Maybe consider putting more information like material used....like 4mm or 5mm thickness or plate name or maybe the gate size... you never know who is reading...all the best 👌 cheers !

Yes you are very right, I have updated the original post. but for your information, the gate is 13 Meters, 2mm thickness for the frames. Though I don't know thickness of the plates

dongc:
Looks like a pretty solid gate at that price...

yes it is and I am pleased with it. I was already quoted very outrageous prices before I found him.

I just purchased this gate from a young man in Ebonyi at 400k. If you are in the southeast, especially Enugu and Ebonyi and need to purchase a gate, I am marketing for him and I would like you to purchase from him or ask him to construct for you. He impressed me with his sincerity and promptness. Even though I was not around, my gate was delivered in one piece and promptly.

The gate is 13 Meters, 2mm thickness for the frames. Though I don't know thickness of the plates

Country of primitives. Destroying instead of building.

michlins:
14ft is the ideal and standard width for sliding gate but 16ft for rolling gate

07032446904

thank you!

Hello guys please what is the best size for gate wideness is it 12ft or 13 or 14 ft?

celeiyke1:
I have a bungalow building in the eastern part of Nigeria. I'm confused if i should use iron or glass in my sitout. Pls can you help state the advantages and disadvantages of using glass in place of rails in sitout.

Thanks

I think the glass is at risk of breaking if you have children.

The character of Wike is so despicable that They will still quarrel. Just watch

Chuksteve:
Thank you for your response. I have done all that and my deposit with my e-account as narration is already reflecting on the portal.

I want to know if just depositing means I am already subscribed to the money market fund or I need to use the money to subscribe to one of the funds (from the tab that says select fund).

from what I can see on your screenshot, your 500k is already subscribed to money market fund. The select fund is if you want to invest or have invested in other types of investment under Stanbic and you want to view them 9r purchase more

Chuksteve:
Hello fellow nairalanders.

I want to invest in Stanbic IBTC Money Market Fund.

Does depositing money in Stanbic IBTC Money Market Fund account with UBA mean one has initiated the investment?

Or do I need to select one of the Funds. Eg, Stanbic IBTC Nigeria Equity Fund, Stanbic IBTC Balanced Fund, etc

no please. You have to make your registration on their website and upload the required documents to them. They will now send you an email with your investment account number and ask you to make a deposit that has the investment account number as the narration. Use the link in my signature to register. And ask any questions you may have here.

I have never seen a country so bent on self destructive policies like Nigeria. Corrupt people

richgang:
Hello everyone, I reside in the UK . But I’m thinking of relocating to Nigeria . But I don’t know if I will be able to survive in Nigeria with my investment. My mutual funds pays me 5 million naira every 3 months . Will that be enough to make me live well in Lagos with my wife and 2 kids . Can I also live happily in Nigeria without working and just using my investment funds to carry on with my wife and kids . I’m 36 years old now .

thats averagely 1.6 million every month. It is marginal of you don't already have a home. But in the other hand, You are still young and I will recommend that even if you hope to live off the interest, it will be best that you find something else that can keep you busy. Moreover have you taken into account issues that may arise that are capital intensive? Like illnesses death in the family etc... But simply put, what you are proposing is doable

dauntless15:
How much did you invest and in which mutual fund to be making that much every three months, abi highest no be 20% annual returns again.

if he has 100 million stashed, yes he can make 5 million every 3 months

divinetouch24:
I'm Trying To Update The Thread, But At Every Trial, The Reply Button Disappears For Days... What could Be Wrong

I have undid the posts. You are being banned by the anti spam bot. Limit your use of special characters so it don’t get you again.