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Nairaland Forum / Nairaland / General / Properties / General Topic Thread-To Discuss Anything And Everything in Building Construction (4398450 Views)
Discuss Anything Property And Lets Make Money In The Process / Residential Building Construction Mistakes In Nigeria You Need To Avoid / General Topic Thread - The Roforofo Thread Of Construction Activities (2) (3) (4)
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by hamtabfawaz(m): 10:29am On Apr 30, 2021 |
n3xt: . ![]() ![]() My thoughts were (n3xt don pass that level) True Talk sha, i understand But Regardless, I believe there's nothing you can't handle when it comes to building. (If you are interested) . |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 10:32am On Apr 30, 2021 |
hamtabfawaz: I’ll rather consult for free. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by doyen1: 10:41am On Apr 30, 2021 |
A house is an investment. And an asset. It may not be the most profitable investment particularly if it is owner occupied and in some instances, with more profitable options, makes sense to actually rent rather than own. But it is an investment. Not all investments give returns immediately. If I bought a plot of land and just left it for 20 years, it would have earned me nothing in 20 years but I may be looking forward to a huge payout at the end. That would be recorded as an asset on my balance sheet. Same with a house I live in. Capital gains at the back end may be the reason for investment. That said, a few years ago, when interest rates were 18%, I sold a house and put the money in the bank. The returns on the money was more than any capital appreciation or rent would have given me. At that time, cash was a better store of value. Not now though. Returns on cash is much lower than inflation. So cash in hand is while still an asset, may be a negative asset. Forex also is a good store of value and a strong bet since we know that the economy may still need further devaluation. So saving in dollars may be a better option particularly for those with dollar expenses eg children in school etc. Investment in gold, ( those gold earrings your wives love are an investment, even as they enjoy wearing them about) is also a sure thing Bitcoin for those who have the appetite for risk Etc etc. Decisions on the most optimal vehicle depend on the time and circumstances. The right choice in 2015 may not be the right choice in 2018. But that is why hedging and diversification comes in. Dont put all your eggs in one basket. 3 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by hamtabfawaz(m): 10:44am On Apr 30, 2021 |
Ibk2020: Nigerian wires are one of the best in the world.. That am sure . As for brand Recommendations. Would direct that to the pros in that field. Cc @Topsy23 @Twinskenny |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 10:45am On Apr 30, 2021 |
diordaves: I used the pastor analogy as an example. I believe you know why we have hundreds of definitions for alot of things in Economics /commerce. If not, then the discussion so far should be an evidence. Sir I have heard you, make we no turn this thread to finance/economic/business thread lol. Good morning. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by doyen1: 10:58am On Apr 30, 2021 |
I have a question please. If someone wants to do a serious build, not kobo kobo build, but like a turn key, how do you invite bidders to bid? Where do you advertise for bidders? Or you will approach Julius Berger and ask them to quote and then approach other people one by one? Then how are you sure you got the best architect, or builder if it is limited to those you know? Then will one company design and build or you have to get design separate from build? 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by EgunMogaji2: 11:00am On Apr 30, 2021 |
doyen1: An astute question. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by sgtponzihater1(m): 11:08am On Apr 30, 2021 |
doyen1: I really would not think a house bought solely to live in is an investment, at best it only has a potential of being an investment. However I would agree that it's a asset of some sort, because it falls into the asset part of a balance sheet, can be liquidated to make money or could be used to assess loan. A house you live in can then become an investment if you lease out a room in it and make some profit off it, or if you have a boys quarter that you rent or lease out. The biggest confusion would be from the book rich dad poor dad. R.Kiyosaki defined an asset as something that puts money in your pocket, and a liability as something that takes money out of your pocket, which would not be the traditional definition but what his "rich dad" defined. However it's a good way to look at financial intelligence 3 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by hslbroker2(m): 11:21am On Apr 30, 2021 |
hamtabfawaz:u are correct Nigerian wire is the best 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by topsy23: 11:25am On Apr 30, 2021 |
Ibk2020: We have Coleman, nigerchin and kabelmetal 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:26am On Apr 30, 2021 |
A house is good o. Please don’t use what I’m saying against me o. To say the fact, a house is not an investment. The smartest investors who live in condos, MDUs, suites understand the gains of shared facilities. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by pussiboner: 11:26am On Apr 30, 2021 |
somehow: Since you don't have the strength... It's fine 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by hslbroker2(m): 11:26am On Apr 30, 2021 |
I thank u cc brabusng cc buildingproject thank u focusmind thank u all 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by topsy23: 11:27am On Apr 30, 2021 |
hamtabfawaz: Thanks |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by pussiboner: 11:28am On Apr 30, 2021 |
somehow: I am never bored... I just had a few moments to engage you cos you got my attention with your hasty generalization. You have not answered any of my previous question, so I'll take it that you don't want to have an intelligent conversation 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by hamtabfawaz(m): 11:29am On Apr 30, 2021 |
somehow: I completely Agree with the Bolded "Statement" Guess we can say the same about a House. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 11:31am On Apr 30, 2021 |
What is the difference between a Gazzette and approved Excision? I am yet to get round these 2. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 11:32am On Apr 30, 2021 |
hamtabfawaz: Straight! Same goes to a house. What you use it for is what differentiates it between being an asset alone or both asset and investment. 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:33am On Apr 30, 2021 |
somehow: Finally! |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by pussiboner: 11:34am On Apr 30, 2021 |
Building a house is an investment which ever way you see it. Most people are of the opinion that once you are not making money from it, it's not an investment. Would you rather continue paying rent than owning your own house? Would you rather continue using Uber than owning your own car? On the short run it seems like it's cool, but in a long run you would find out which is better. Investments also covers whatever saves you time and money. They say our children are investments, I then wonder what you would say since they don't give us money. Apologies for derailing ![]() 6 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by EgunMogaji2: 11:36am On Apr 30, 2021 |
sgtponzihater1: My houses in the USA puts money in my pocket once a year at tax time. Well, before Trump ![]() |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:38am On Apr 30, 2021 |
pussiboner: If it’s about time and money, adopting a 12 year old is cheaper than raising a baby. You just find yourself with a grown-child without paying the price. A shelter over a man’s head is a thing of pride and not actually an investment. You spend more to maintain that shelter than when you live in a shared apartment. 2 Likes |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by hamtabfawaz(m): 11:41am On Apr 30, 2021 |
n3xt: Please share pictures for learning Purpose..√ |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 11:43am On Apr 30, 2021 |
hamtabfawaz: Terraces are like big man's face me I face you. Apartment blocks are like average man's face me I face you. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:45am On Apr 30, 2021 |
somehow: Wicked people everywhere
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by ArcToyin(m): 11:47am On Apr 30, 2021 |
biodun966: If you have not gotten one, you can whatsapp me. My number is in my signature. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by hamtabfawaz(m): 11:50am On Apr 30, 2021 |
n3xt: Smart Wise Woman ![]() |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:54am On Apr 30, 2021 |
hamtabfawaz: Yes. Living in a rented apartment while she’s getting over N10m per annum on her 3 unit Terrace Duplexes. |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 11:57am On Apr 30, 2021 |
XL6 Trillion | Atrium House by NextHome >>> A leakproof flat roof is possible. #designthatwork |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 12:04pm On Apr 30, 2021 |
n3xt: Abi nobi so? |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 12:05pm On Apr 30, 2021 |
n3xt: I guess the husband is still paying the rent where the woman stays while hoping to complete the building both of them will end up moving to? 1 Like |
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by n3xt(m): 12:10pm On Apr 30, 2021 |
somehow: Exactly! She was even borrowing her husband monies to pay the rent and to move his project forward with interest ![]() ![]() I didn’t suspect a thing until she later told me when we were almost at finishing stage. #smartinvestors 1 Like |
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