Jasobry:


Its called grooving but i call it tribal Mark

Baba Egunmogaji2, comman carry your pipu o.

Which one is tribal again tonight? I’m worn out already o

n3xt:


Baba Egunmogaji2, comman carry your pipu o.

Which one is tribal again tonight? I’m worn out already o

n3xt:


Reno-viction right?

I’d take a pass.

@hamtabfawaz

You want to know why? No builder has x-ray vision.

The scope of work must be well defined and agreed by both party (client and contractor) involved. You don’t want to inherit another man’s wahala.

somehow:


That you stopped paying rent does not make it an investment sir.

Is owing a private car for no better example an investment afterall it will stop you from paying to take public bus?

If you understand deeply the meaning of investment, you'd know that what you buy/build/own for personal consumption can't be said to be an investment except you plan to sell it from the get go.

That it looks like an 'investment' does not make it an investment.

I think I should understand deeply the meaning of investment or at least I console myself that I do. I'm a trained economist and a business consultant by trade.

I think you are confusing an asset with an investment.

If you bought a car to commute to work and for family need, it is an investment but not an asset because the car will take money away from you and depreciate in value though you bought it cash.

If you bought a car for Uber, but you bought it by hire purchase, even though you are earning money from it, if your earnings are not higher than your hire purchase and running cost, it is an investment but not an asset.

Anything you put money into is an investment but is it an asset? That is the million dollar question.

somehow:


Having a roof over your head is actually not an investment because you are not going to be earning from such.

And yes, investing your fund into real estate is an investment and way better than banking that same fund.

These your statements are somehow. 2nd paragraph contradicts the 1st.
A roof over your head is an investment in real estate sir.

pls can someone recommend best type of wire brand?
someone recommend that I use Nigeria product throughout, but didn't mention the brand name

Ibk2020:
pls can someone recommend best type of wire brand?
someone recommend that I use Nigeria product throughout, but didn't mention the brand name

What part of the country are you?

Coleman is one of the best I know

somehow:


That you stopped paying rent does not make it an investment sir.

Is owing a private car for no better example an investment afterall it will stop you from paying to take public bus?

If you understand deeply the meaning of investment, you'd know that what you buy/build/own for personal consumption can't be said to be an investment except you plan to sell it from the get go.

That it looks like an 'investment' does not make it an investment.

For me o...

A house is not an investment if you do not plan to sell it. The running costs of a house are too high for it to be classified as an investment.

n3xt:
Would anyone here be happy to have a straight white line and use extra 50sqm of materials while trying to achieve symmetry or alignment?

I’m sure the bigger ogas in the house can afford to do that but definitely not my firiend who said he does not have mb to post pics yesternight.

Unless the roofs are made to exact measurement of the shingles, I doubt there can be a perfect alignment of the patterns.

Please don’t take me too serious on this. I joke too much sometimes.

Except the owner of the project is happy to sacrifice extra 50sqm to achieve a perfect alignment of the sheets, I think the installer is not really at fault here. It’s more of a design error.

A perfect solution would have been to have special designs for the valley points, the hip and joints of the roof especially areas where the materials will be trimmed off.

Without this, a 100sqm roof will require about 120sqm of shingles to get perfect alignment.

Anyone who buys d patterned tiles should be prepared for the extra 50 sqm (except he doesn't know what he bought ).
That's why we have mono coloured tiles.
I always say- a roof is not just a cover!

hslbroker2:
who is this, what do u know about construction

Lol...
Oga de fear say him parole don cast!
No worry sir. Some people likes disorganised organisation.
Nothing do your job!

[s]

EgunMogaji2:


I thank my clients who trust me with their land banking needs.

[/s]Trash

Need A Design.
We are excellent at space management.
Would you believe this semi Detached is on one plot with BQ Detached? Well that's why we exceed expectations.

Dennis3D:
Need A Design.
We are excellent at space management.
Would you believe this semi Detached is on one plot with BQ Detached? Well that's why we exceed expectations.

Great space management.

I’ve only been able to tuck a 4 bed semi-detached duplex with an attached BQ and a courtyard into a 588sqm parcel of land. All statutory setback/limits met.

n3xt:


It’s nothing really but its classy when you have it on your build.

Bosun You do not seem to be a fan of external wall tiles or burnt bricks in your builds. I don't think I can recall any of your builds or designs that incorporated tiles. Just curious if there is Any particular reason for that?

DUNKA:
Bosun You do not seem to be a fan of external wall tiles or burnt bricks in your builds. I don't think I can recall any of your builds or designs that incorporated tiles. Just curious if there is Any particular reason for that?

There’s plan for burnt brick tiles on XL6 Trillion | Atrium House. Used sparingly to create accent. I’m considering Farad Contractors for this.

Then there’s stonewall tiles on Chateau de Brabus. I have over 70sqm installed.

The only issue I have with external tiles is there are too many fake (lookalikes) in the market and I’m really not for cheap stuffs.

Most of these importers knew we love cheap so they always give us a knockoff version of the original stuffs (door, tiles, toilet fittings/fixtures, lights fixtures, even door locks etc) which is not really my thing.

Tiles seller on the forum can compare what most dealers offer as stonewall tiles with what I used on my build below.

_______

I still have some offcuts for those who want to know the difference between original and knockoffs.

pussiboner:


How can you know there is no leakage when it has not yet rained?

because it was carefully done, and we applied sealant to all the places that are necessary

n3xt:


For me o...

A house is not an investment if you do not plan to sell it. The running costs of a house are too high for it to be classified as an investment.

No comment yet.. hibernating mode

Another Steel Roof Loading >>> FLAT


XL6 Trillion | Atrium House

Typical knockoff tiles

n3xt:


For me o...

A house is not an investment if you do not plan to sell it. The running costs of a house are too high for it to be classified as an investment.

Simple.

coldcandy:


These your statements are somehow. 2nd paragraph contradicts the 1st.
A roof over your head is an investment in real estate sir.

Real estate and owing a home for the purpose of living therein aren't the same.

Please, I would like to get the quotation for these window measurements ( casement ).

1500 x1200mm 3panels=1
1200x1200mm 2panels =6
900x1400mm 2panels=9
600x700mm 1panel=5
Sliding 650x700mm 2panels=1

My location is Port Harcourt.

diordaves:


I think I should understand deeply the meaning of investment or at least I console myself that I do. I'm a trained economist and a business consultant by trade.

I think you are confusing an asset with an investment.

If you bought a car to commute to work and for family need, it is an investment but not an asset because the car will take money away from you and depreciate in value though you bought it cash.

If you bought a car for Uber, but you bought it by hire purchase, even though you are earning money from it, if your earnings are not higher than your hire purchase and running cost, it is an investment but not an asset.

Anything you put money into is an investment but is it an asset? That is the million dollar question.

A car is an asset irrespective of what you're using it for. The car (asset) now becomes an investment if you start using it to make money directly either by putting it on a lease, rental, HP or as a taxi. (This is rather very easy to understand)

Sir, I think at this point, alot of us are just trying to win an argument by making a simple issue complex.

I decided not to tell anyone my profession and what I majored in for a reason.

Once someone tells me he or she is a pastor in the middle of a deal or discussion, I just back down because I know the person is trying to manipulate the outcome.

You're not the only economist and business administrator here sir. (I mean no harm).

I choose not to say further on this.

A Google research should explain most of what we have been discussing since evening.

I rest my case.

Note : A car you bought on credit is neither an asset nor investment, it's straight down debt.

somehow:


Real estate and owing a home for the purpose of living therein aren't the same.

I can relate.

A man sold his house for N150m in 2014. Gave about N24m to his wife. Bought exotic cars. Bought 800sqm land to build 2 detached duplex with a plan to live in one and to sell the other.

The wife secretly engaged me to build a 3 unit terrace building at the same time.

Within 5 months, the man ran out of funds and we completed the wife’s terrace flats. Within 7 years, the wife has made over 60 million naira from her investment while the husband’s project is still in abandoned state.

He cannot finish it neither can he sell because that means he won’t have a house to his name again.

While living in a rented house in Chevron, Lagos the wife was making money from her investment a few kilometer away while the husband is hoping to compete a superfluous house he can move into maybe one day.

While inflation hit hard, the wife is making more profit while the husband is being weighed down by the increasing cost-to-own a house.

If both of them decide to sell tomorrow, the wife will be making more money than the husband.



A house is not an investment if you’re not planning to sell or rent out.


_______

Lest I forget, please note building terraces is cheaper than detached houses but its ROI is higher and the occupancy rate is

A village house is not an investment. It’s just a status symbol.

The same amount spent could actually give you something with higher returns when the location is right.


__________


The last time I check the price of clement in Banana Island and Erunmu village is the same.

A residential apartment that serves as one's habitat cannot be considered as an investment.
One even gets to spend more money maintaining it while one lives in it.
A Yoruba adage says "owó ta kí kò ilé kòtò èyí tí a fi ń wo"
Money spent on erecting a structure isn't up to that used to maintain it.

Apt

Jasobry:
Apt

Yes!

Just show the water where you want it to go.

I had a flat roof on my generator/gatehouse house and for a decade I’ve never had to do any repairs.

No additives. No felt. No special tiles. Just a slab with a gentle slope.


_____


Another good thing is the designof the gatehouse, I didn’t do an enclosed wall design so as not to trap moisture/heat under the slab. It was intentionally made an open design using slat.

So when I’m putting large windows/openings in my designs, please don’t fret it’s there for a purpose. The forces we fight against no get mouth

#designthatwork

Rather than criticize the man that talked about the alignment of patterns on shingle roofs, why not take it as a constructive criticism and align patterns on your next roof?

As a builder / Engineer , one cannot know everything. Construction cum Interior design is soooo broad and keeps evolving everyday.

n3xt:


I can relate.

A man sold his house for N150m in 2014. Gave about N24m to his wife. Bought exotic cars. Bought 800sqm land to build 2 detached duplex with a plan to live in one and to sell the other.

The wife secretly engaged me to build a 3 unit terrace building at the same time.

Within 5 months, the man ran out of funds and we completed the wife’s terrace flats. Within 7 years, the wife has made over 60 million naira from her investment while the husband’s project is still in abandoned state.

He cannot finish it neither can he sell because that means he won’t have a house to his name again.

While living in a rented house in Chevron, Lagos the wife was making money from her investment a few kilometer away while the husband is hoping to compete a superfluous house he can move into maybe one day.

While inflation hit hard, the wife is making more profit while the husband is being weighed down by the increasing cost-to-own a house.

If both of them decide to sell tomorrow, the wife will be making more money than the husband.



A house is not an investment if you’re not planning to sell or rent out.


_______

Lest I forget, please note building terraces is cheaper than detached houses but its ROI is higher and the occupancy rate is

Saved.

somehow:


A car is an asset irrespective of what you're using it for. The car (asset) now becomes an investment if you start using it to make money directly either by putting it on a lease, rental, HP or as a taxi. (This is rather very easy to understand)

Sir, I think at this point, alot of us are just trying to win an argument by making a simple issue complex.

I decided not to tell anyone my profession and what I majored in for a reason.

Once someone tells me he or she is a pastor in the middle of a deal or discussion, I just back down because I know the person is trying to manipulate the outcome.

You're not the only economist and business administrator here sir. (I mean no harm).

I choose not to say further on this.

A Google research should explain most of what we have been discussing since evening.

I rest my case.

Note : A car you bought on credit is neither an asset nor investment, it's straight down debt.

I've gone to read back my take, I no see where I tell you say I be pastor or na me be the only economist or business administrator. I no tell you that one. Who dey manipulate debate now?

You said if I "deeply understand" and do "research" I will understand what investment means. Abi no be so you tell me? So in reaction to that, I now respond to say I should know because I am trained in the field. I no tell you say I be pastor.


Now you and this google research sef. Well I don hear, so I have "googled" to wikipedia and below in italics is wikipedia take on INVESTMENT:

Investment
To invest is to allocate money with the expectation of a positive benefit/return in the future. In other words, to invest means owning an asset or an item with the goal of generating income from the investment or the appreciation of your investment which is an increase in the value of the asset over a period of time.
Wikipedia

From the above definition, an investment is allocate money with the expectation of a positive benefit/return in the future or the appreciation of the ASSET over a period of time.
It is not only pecuniary.

Now look at the above definition/conceptualization and ask yourself: Does my personal house (forever home) fall into the above definition. If no, then your house is not an investment. Na liability. In other words, na white elephant project. Since you know say no be investment, why you build am? With this question, I can now argue that you build your house because you lack financial sense. All Nigerians up and down the country that are fighting tooth and nail to put a roof over their heads no get sense, because those houses no be investment. The maintenance too much. In fact the maintenance is so great that it will ruin and kill them. F o olish Nigerians.

My friend, investment in a property is not only allocation of money to yield money, it also includes to yield benefits like a roof over your head, your pension pot, your retirement years when you are old and gray, the security of your family from the vagaries of nature, and indeed to internalize the benefit of rent payment and for the asset to grow over time.

If you send your kids (for example) abroad to access quality education and result in paying school fees through your nose; is that an investment? To you, that is not an investment as you will not sell your kids in the future (hopefully) and you are not collecting rent money from them. But to me, that is an investment in my kids' future. However, the way things are going, I'm not sure if I will not sell them in the future. Dangote cement don hit 4k. My eye dey red now for money.

At this stage, I go do like you: I rest my case.