How Much Was In Your Account When You Started Your Building Project? - Properties (2)

How Much Was In Your Account When You Started Your Building Project? - Properties (2) - Nairaland

Nairaland Forum › Nairaland General › Properties › How Much Was In Your Account When You Started Your Building Project? (29824 Views)

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Re: How Much Was In Your Account When You Started Your Building Project? by justdogitto: 12:55pm On Apr 14, 2022

Re: How Much Was In Your Account When You Started Your Building Project? by Kwakwa7: 12:55pm On Apr 14, 2022

Why you want know ? You thief the house

Re: How Much Was In Your Account When You Started Your Building Project? by Silva79(f): 12:55pm On Apr 14, 2022

1.8

Re: How Much Was In Your Account When You Started Your Building Project? by tropaz(m): 12:56pm On Apr 14, 2022

Re: How Much Was In Your Account When You Started Your Building Project? by onojaford(m): 12:56pm On Apr 14, 2022

n3xt:
I do not really have much in my account when I started building. I was waiting till I muster enough fund to take the house to an appreciable level at once.

My mum asked me to borrow her N70k for her business and I did. The next thing she called to follow her to the site and I found out she has already gotten 500 pcs of blocks and 10 bags of cement. That was how we started.

She told me “You start by starting. Do all you can before your children start growing.” 1 started a year into my marriage and moved-in the next year.

I was considering starting when I have about 50% of the required fund.

Please where is your property located, I am asking because I want to imagine how you got a land.

Re: How Much Was In Your Account When You Started Your Building Project? by lavylilly: 12:56pm On Apr 14, 2022

30k

Re: How Much Was In Your Account When You Started Your Building Project? by fartkay(m): 12:57pm On Apr 14, 2022

I started with 150k

Re: How Much Was In Your Account When You Started Your Building Project? by feldido(m): 12:58pm On Apr 14, 2022

1.2mil

Re: How Much Was In Your Account When You Started Your Building Project? by DispatcherLagos: 12:58pm On Apr 14, 2022

I had just enough to pay the architect for the plan. That's all

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by Mrkumareze(m): 12:59pm On Apr 14, 2022

Days re gone u start building with 100k cool

cost of materials now has gone very high...

3 Likes 3 Shares

Re: How Much Was In Your Account When You Started Your Building Project? by Meteng: 1:00pm On Apr 14, 2022

I’m expecting 300k any moment from now. I’m emptying it into starting the process.

5 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by ufotty2001: 1:01pm On Apr 14, 2022

Me am waiting for my savings to get to N16 millions. 4 bedroom flat with security house and the cost of land is in that money.

Re: How Much Was In Your Account When You Started Your Building Project? by phemmyfour: 1:02pm On Apr 14, 2022

zeenaman:
Is there a specific amount one must possess before initiating a building project given that one has a land already? Or is building something one can start small?

No specific amount. If you wait to have a particular amount, you may end up buying cement at 7k per bag.

The secret of building in this part of the World is tying down building materials with even the little money you have.

What you can achieve with N5M now might cost you N10m in 2023 if you wait

15 Likes 1 Share

Re: How Much Was In Your Account When You Started Your Building Project? by Ajani2plus(m): 1:03pm On Apr 14, 2022

Meteng:
I’m expecting 300k any moment from now. I’m emptying it into starting the process.

Re: How Much Was In Your Account When You Started Your Building Project? by LARRYOBRAIN(m): 1:04pm On Apr 14, 2022

I already had land, started with 300k, i spent about 1.6m, about roof it, praying to God for money.

10 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by Greatlee54: 1:04pm On Apr 14, 2022

#70,000, 2019 January. I first bought 15 tonnes granite for #60,000.
Building was completed late last year.

3 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by Nobody: 1:04pm On Apr 14, 2022

n3xt:
I do not really have much in my account when I started building. I was waiting till I muster enough fund to take the house to an appreciable level at once.

My mum asked me to borrow her N70k for her business and I did. The next thing she called to follow her to the site and I found out she has already gotten 500 pcs of blocks and 10 bags of cement. That was how we started.

She told me “You start by starting. Do all you can before your children start growing.” 1 started a year into my marriage and moved-in the next year.

I was considering starting when I have about 50% of the required fund.

God bless your mama real good. Please greet her for me. She's a super woman

15 Likes 2 Shares

Re: How Much Was In Your Account When You Started Your Building Project? by LARRYOBRAIN(m): 1:05pm On Apr 14, 2022

I already had land, started with 300k, i had spent about 1.6m, about to roof it, praying to God for money.

2 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by Greystone: 1:05pm On Apr 14, 2022

iamsuskay:
How??

I taya oh

Re: How Much Was In Your Account When You Started Your Building Project? by OhBritannia(m): 1:05pm On Apr 14, 2022

motionarena:
Around 3.2 million dollars

Thanks God now I can boast of an estate of my own

Are you related to lie Muhammed?

3 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by carreport(m): 1:05pm On Apr 14, 2022

N250K

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by robosky02(m): 1:06pm On Apr 14, 2022

Re: How Much Was In Your Account When You Started Your Building Project? by Greatlee54: 1:06pm On Apr 14, 2022

Mrkumareze:
Days re gone u start building with 100k cost of materials now has gone very high...

not true

1 Like 1 Share

Re: How Much Was In Your Account When You Started Your Building Project? by Rubbiish(m): 1:09pm On Apr 14, 2022

Winters23:
This is one of the reason many are poor in this country...

Once they make their first money they buy land in a forest and start what they can't finish.

Money they could have grown gets buried in the ground just to belong to the "I dey build house" crew.

When I made my first millions many years ago all the advisers came out in their numbers telling me to buy land and start building, but I know that's not what I should do.

I ignored the bandwagon and kept working hard until I made my first billion naira.

I didn't have to buy any land to build, I went to the best estates in lekki and bought the best houses and I do whatever I want.

If you like tie your little capital down inside the ground and keep blaming the government for all your shortcomings in the future.

This is quite funny
So anyone not making billions shouldn't build a house? 90% of house owners built their houses gradually, same apply to me. Even abroad it is mortgage. U don't wait till u have all the money in the world to start building.

23 Likes 2 Shares

Re: How Much Was In Your Account When You Started Your Building Project? by OhBritannia(m): 1:10pm On Apr 14, 2022

It depends on the kind of building though.
People that started with 300k knows the kind of house they want.
There are some houses you can't start without first having like 10 million naira while there are some you cant start without first having the full amount of money.

So it depends.

6 Likes 1 Share

Re: How Much Was In Your Account When You Started Your Building Project? by Nairalandhotboy(m): 1:10pm On Apr 14, 2022

Since 2015. I Neva finish my house.. My village people don eye me angry

2 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by Tonytonex(m): 1:10pm On Apr 14, 2022

7 mill.

Re: How Much Was In Your Account When You Started Your Building Project? by Folorunsho15: 1:10pm On Apr 14, 2022

Well it depends. For me when I wanted to start building in an adron estate last year, I was told I had to get it to lintel in 6 months else I'll have to be paying monthly payments so had to get millions in account before starting but still sha. Once you have a land and a steady source of income then you should start because that's what will motivate you to keep pushing. If you don't start you won't push yourself and plan financially

3 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by erjo: 1:10pm On Apr 14, 2022

Winters23:
This is one of the reason many are poor in this country...

Once they make their first money they buy land in a forest and start what they can't finish.

Money they could have grown gets buried in the ground just to belong to the "I dey build house" crew.

When I made my first millions many years ago all the advisers came out in their numbers telling me to buy land and start building, but I know that's not what I should do.

I ignored the bandwagon and kept working hard until I made my first billion naira.

I didn't have to buy any land to build, I went to the best estates in lekki and bought the best houses and I do whatever I want.

If you like tie your little capital down inside the ground and keep blaming the government for all your shortcomings in the future.

Wat investment did u do to become a billionaire?

5 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by pirazo: 1:11pm On Apr 14, 2022

Here"s my story I already saved up the amount required to buy house . Some how there was always something about the houses I saw . They didn't meet my requirements . So I bought a parcel of land and it took me 3 months to complete and in the 4th month I moved in . Now the downside to it was that I could not afford parcel of land in my first choice of environment I would have love to stay However am happy with what I got and grateful to God . Back to the question .. I had more than I needed to complete the project.

11 Likes

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