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How Much Was In Your Account When You Started Your Building Project? - Properties (6) - Nairaland

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Re: How Much Was In Your Account When You Started Your Building Project? by SmartMen: 3:38pm On Apr 14, 2022
Godisgreatest1:
Dont believe every post you see up there, some of them haven't started anything, but they are always in a hurry to comment.
stop projecting your reality on other people...

What they said is true.

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by dakem: 3:39pm On Apr 14, 2022
Mrkumareze:
Days re gone u start building with 100k cool cost of materials now has gone very high...


If this is the option you opted for, you can always start your build project anytime. Regardless of the amount in your account. What matters here is your determination and zeal

Immediately you are have the amount that can buy a truck of sand, buy and drop it on your site.

You can also start paying for a bag of cement each week or month with a distributor you can trust. But make sure you get a receipt for each payment you make.

There are more of similar options like the above that can be of great help to you in achieving this dream in no time but with hardwork

But to be sincere with you as a real estate consultant.

It's much cheaper and less stressful to buy a house in Nigeria than to build one.

There are houses that are available for sales in a more conducive and crime minimal location.

They are very affordable, and comes with a very flexible payment plans as low as 2million and you spread the rest in the space of 12-24months.

Some of this houses comes with c of o . While some with Governor's Consent etc

While building of home comes with so many stress, frauds and litigation etc

Mind you, either you are build or buying employing the services of a legal practitioner is very very important. The benefits cannot be overemphasised.

At the same time be mindful of fraudulent lawyers too.

you can follow me on LinkedIn if you want to know more about properties or my YouTube channel (Naija-diaspora property network)
Re: How Much Was In Your Account When You Started Your Building Project? by martyns303(m): 3:39pm 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.

Your Mom, just spoke to me and it’s not about building. “You start by starting” this is the best motivation I have heard this year. God bless her.

6 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by oloko1859(m): 3:43pm On Apr 14, 2022
aribisala0:
Rich people who are truly rich never have money in their accounts. They tend to use other people's money.

If you measure your worth b sady what is in your account you are just starting

Rather ask

What is the maximum I can borrow today ? That should tell you what you are really worth
If you are on your sick bed and are owing 10 Billion Not only your family will pray for your recovery but if you have 10 billion in your account your family might not pray for you to recover.

Debt is very good . IF YOU QUALIFY to get it.


grin cheesy grin

Funny thing is, when some rich people explain how they made certain amount of money, I begin to wonder how they slept peacefully with that huge amount of debt to finance a project
Re: How Much Was In Your Account When You Started Your Building Project? by aribisala0(m): 3:50pm On Apr 14, 2022
oloko1859:


grin cheesy grin

Funny thing is, when some rich people explain how they made certain amount of money, I begin to wonder how they slept peacefully with that huge amount of debt to finance a project
The more I owe the sounder I sleep.
My creditors got my back with their prayers. They are praying for me so I can pay them back
Just make sure you are owing something worthwhile

It is when you are owing 5000 Naira that your creditor would hold your shirt and make noise outside your house

When you owe 50 billion they would write you a letter

Dear Sir
Sorry to disturb you but can we meet to discuss please...........

4 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by Relixy2k: 3:57pm On Apr 14, 2022
It will be enough. 700k. You buy a truckload of granite, a truck load of sharp sand, 400 to 500 blocks, 25 bags of cement, digging and labour should not exceed 90k, iron rod to do the at least four pillars and payment for iron rod bender should take 60k at most etc. 700k will make it. It won't cover german floor or filling of the foundation as that can be done later.
Ficient:
Let's be realistic, in 2022 how much is the minimum to start foundation at least. I'm hoping 500k to 700k for a 2 bedroom flat foundation
Re: How Much Was In Your Account When You Started Your Building Project? by Systrom(m): 3:59pm On Apr 14, 2022
$159k
Re: How Much Was In Your Account When You Started Your Building Project? by Lordofalmajiri(f): 4:00pm On Apr 14, 2022
Godisgreatest1:
Dont believe every post you see up there, some of them haven't started anything, but they are always in a hurry to comment.
grin grin Na Mumu dey take front page comments serious ...

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by Chriswazo(m): 4:07pm On Apr 14, 2022
Carmal90:



What area of tech would you suggest one can go to?

I am already on a fronted development stack.

Thanks sir

Where are you learning the frontend stack?
Re: How Much Was In Your Account When You Started Your Building Project? by Ebubu: 4:08pm On Apr 14, 2022
Godisgreatest1:
Dont believe every post you see up there, some of them haven't started anything, but they are always in a hurry to comment.
grin and na agents/building contractors encouraging u to start wit what u have so that they can see food chop f

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by Cashio(m): 4:09pm On Apr 14, 2022
Funkybabee:
Like 70k though she had bought blocks

U can start with any amount, 50k, 80k, 200k etc

Buy the block little little and Start building it

U can starrt either foundation
70k to start a building project? How much is a trip of sharp sand.
Re: How Much Was In Your Account When You Started Your Building Project? by babaalagbo11(m): 4:15pm On Apr 14, 2022
Just start first with little and be determined...before you know it, building is almost complete

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by Carmal90(m): 4:16pm On Apr 14, 2022
Chriswazo:


Where are you learning the frontend stack?


Self-taught..

Freecodecamp and youtube mainly
Re: How Much Was In Your Account When You Started Your Building Project? by Cashio(m): 4:17pm On Apr 14, 2022
dakem:



If this is the option you opted for, you can always start your build project anytime. Regardless of the amount in your account. What matters here is your determination and zeal

Immediately you are have the amount that can buy a truck of sand, buy and drop it on your site.

You can also start paying for a bag of cement each week or month with a distributor you can trust. But make sure you get a receipt for each payment you make.

There are more of similar options like the above that can be of great help to you in achieving this dream in no time but with hardwork

But to be sincere with you as a real estate consultant.

It's much cheaper and less stressful to buy a house in Nigeria than to build one.

There are houses that are available for sales in a more conducive and crime minimal location.

They are very affordable, and comes with a very flexible payment plans as low as 2million and you spread the rest in the space of 12-24months.

Some of this houses comes with c of o . While some with Governor's Consent etc

While building of home comes with so many stress, frauds and litigation etc

Mind you, either you are build or buying employing the services of a legal practitioner is very very important. The benefits cannot be overemphasised.

At the same time be mindful of fraudulent lawyers too.

you can follow me on LinkedIn if you want to know more about properties or my YouTube channel (Naija-diaspora property network)
it is never cheaper to buy an already built house, but I agree with you in the less stressful aspect.

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by Winters23: 4:18pm On Apr 14, 2022
Paramount01:



I agree with u but u can also loose the capital in the course of trying to multiplied the capital.

We're getting somewhere, Lols

So look at it this way:

What is the profit potential or viability of an uncompleted building in a village compared with a viable business with potentials?

You gerrit now, I guess

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by n3xt(m): 4:20pm On Apr 14, 2022
martyns303:


Your Mom, just spoke to me and it’s not about building. “You start by starting” this is the best motivation I have heard this year. God bless her.

Later in life, I learnt that 10% of something good and productive is better than 100% of nothing.

3 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by n3xt(m): 4:23pm On Apr 14, 2022
figure007:
your mum is a good mum same as mine ... So also dad... They pushed me to start something before marriage and it worked ... Hmmmm house building is just with the help of God if not,it's not easy

May the Lord keep and bless them for us. I know one of my younger bro who had to take his mom to US when he wanted to start his housing project.
He said “If she’s around, we can’t succeed. I know my mom”
Re: How Much Was In Your Account When You Started Your Building Project? by n3xt(m): 4:24pm On Apr 14, 2022
DaveDGreat:


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

She’s my superhero!

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by n3xt(m): 4:26pm On Apr 14, 2022
kuntash:
lol, quite funny I really cant recall.

but thanks to the Property section on Nairaland,
I was motivated by two guys then, Spyder & Iamalone ,.... one was building in Ikorodu while the other was building in the East..

I think the thread title was a "COST OF BUILDING A FIVE BEDROOM DUPLEX or Bungalow:" cant remember fully.

it was a hot thread and every step of the way , updates were given ,

this motivated me to start mine, and gradually as salary was coming in, I was planning every step of the way... there are tenants living in the place now - 3 sets of 2bedroom each..

whats needed is motivation, if you earn salary , you can start gradually ...

Sir kuntash of laif. Quite a long time.
Re: How Much Was In Your Account When You Started Your Building Project? by ambr055i: 4:30pm On Apr 14, 2022
Ashirioluwa:


If you don’t have bulk money in your account then it is better to start doing it gradually with little you have. That was what I did for my first house. It took me 3 years to complete a 3 bedroom bungalow building. I used another one year to build the fence and borehole water.

What was the approx.cost in building the three bedroom apartment?
Re: How Much Was In Your Account When You Started Your Building Project? by bergs2: 4:30pm 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[b] “You start by starting.[/b] 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.
My brother, am inspired by such wealth of wisdom. We are blessed to have older adults around, those folks must live for us.

2 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by n3xt(m): 4:32pm On Apr 14, 2022
bergs2:

My brother, am inspired by such wealth of wisdom. We are blessed to have older adults around, those folks must live for us.

Trust me I’d not have done a thing if not for her. I’m forever grateful for this! Not many people have similar opportunity in life

3 Likes

Re: How Much Was In Your Account When You Started Your Building Project? by bergs2: 4:34pm On Apr 14, 2022
n3xt:


Trust me I’d not have done a thing if not for her. I’m forever grateful for this! Not many people have similar opportunity in life

Same here.
God bless you.
Re: How Much Was In Your Account When You Started Your Building Project? by ambr055i: 4:37pm On Apr 14, 2022
donforeign:


congratulations bro..
how many flats ur house be?
u re right baba, am looking for way to jakpa to australia, i never see any link yet..
na just dt tins for house too cost now....

Link?? Everything they online. They have a website. They careful make one guy man non chop your money.
Re: How Much Was In Your Account When You Started Your Building Project? by n3xt(m): 4:41pm On Apr 14, 2022
dakem:



If this is the option you opted for, you can always start your build project anytime. Regardless of the amount in your account. What matters here is your determination and zeal

Immediately you are have the amount that can buy a truck of sand, buy and drop it on your site.

You can also start paying for a bag of cement each week or month with a distributor you can trust. But make sure you get a receipt for each payment you make.

There are more of similar options like the above that can be of great help to you in achieving this dream in no time but with hardwork

But to be sincere with you as a real estate consultant.

It's much cheaper and less stressful to buy a house in Nigeria than to build one.

There are houses that are available for sales in a more conducive and crime minimal location.

They are very affordable, and comes with a very flexible payment plans as low as 2million and you spread the rest in the space of 12-24months.

Some of this houses comes with c of o . While some with Governor's Consent etc

While building of home comes with so many stress, frauds and litigation etc

Mind you, either you are build or buying employing the services of a legal practitioner is very very important. The benefits cannot be overemphasised.

At the same time be mindful of fraudulent lawyers too.

you can follow me on LinkedIn if you want to know more about properties or my YouTube channel (Naija-diaspora property network)

Pls kindly provide the link to your moderately priced properties with flexible payment plan.
Re: How Much Was In Your Account When You Started Your Building Project? by adebwalex(m): 4:43pm On Apr 14, 2022
Don't have much capital then, it was zealousness and determination that help me but still on it. The way landlord they increase rent eee, it so painful. Am looking for money now to complete it so that i can move in. Any Good Samaritans Nairaland people who God as so much blessed that is reading my post, you can also be of help to help me out with donation to complete the building please. Because as i am typing now, the house i rent as been sold off and we were giving just 2 month to vacate..God bless you all and to those who will put a smile to my life. My family will be grateful sir/ma..
Re: How Much Was In Your Account When You Started Your Building Project? by clems88(m): 4:45pm On Apr 14, 2022
I got a land last year through motivation of my wife. Money I was suppose to use in getting a car sha. Foundation consumed about 600 blocks already. Main building I progress. E no easy sha .
Re: How Much Was In Your Account When You Started Your Building Project? by bluefilm: 4:47pm 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?

Building project should be properly planned so that it can be executed to finish.
Re: How Much Was In Your Account When You Started Your Building Project? by ifiokjohn(m): 4:48pm 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.
so while making that billions you were living in your Father's house or with a friend.
If you were living in a rented apartment. Calculate the cost of that apartment x the years you spent there.
Then you will see you could have built a cool one or two bedroom flat of yours.

For eg, if you make 300k per month..
Save up 100k for building project then invest 100/150. That your 100k in 3 years will be almost 4 million.. enough as at 2012 to build a 2or 3 bedroom well furnished
Re: How Much Was In Your Account When You Started Your Building Project? by ifiokjohn(m): 4:49pm 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.
so while making that billions you were living in your Father's house or with a friend.
If you were living in a rented apartment. Calculate the cost of that apartment x the years you spent there.
Then you will see you could have built a cool one or two bedroom flat of yours.

For eg, if you make 300k per month..
Save up 100k for building project then invest 100/150. That your 100k in 3 years will be almost 4 million.. enough as at 2012 to build a 2or 3 bedroom well furnished.

I'm just saying. You don't have to answer me sha but I know Godwilling even if it 200k I earn, I'll build my house first.
There is a kind of calm you feel when living in your own house. You can think of perfect investments to do

1 Like

Re: How Much Was In Your Account When You Started Your Building Project? by Adeyeyeaki(m): 4:52pm On Apr 14, 2022
I started eleven years ago. Bought a piece of land. Did foundation, bought vibrated blocks before I knew there was issues around the land. Got another one. Then I bought sand and mould blocks. No cash to continue for almost three years. When I got small cash, when there to clear the bushes and seeing the blocks changed colour, I used them for fence and remaining to complete two shops. Was afraid of the strength of the blocks tho I was told they are still strong. Rest again. Got small money before Covid-19, mould blocks and did foundation then I rest again.
But when grace found me out, in a space of two months, bought a house last year September, did small renovations and move in in December. Ayam in tho still paying the debts. To build no easy but plan coupled with favour will make it a reality.

3 Likes 1 Share

Re: How Much Was In Your Account When You Started Your Building Project? by ifiokjohn(m): 4:55pm On Apr 14, 2022
donforeign:
house matter too hard . i bought land 1.2, was having 800k left, i used dt for foundatn n co.

na money for gate, flooring , wiring, and borehole stand i dey find like this,,,,
everyother things dn dey d house including tiles, doors, pop, toilet ,shower, heater,.. d house too big self, for just do small 3 bedroom..
am tired mhenn
keep going bro. You will complete it Godwilling

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