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General Topic Thread-To Discuss Anything And Everything in Building Construction - Properties (3097) - Nairaland

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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Born2conquer: 12:29pm On Aug 12, 2022
diordaves:


I think this is the information you need to reach a decision:

#OPTION 1
So completing the structure will cost 20 million. So what are you completing for? You don't want to reside there. Is it completing to rent? Can you find a tenant that will pay good money at its current design? Is it completing to sell? For what are you completing? You need to answer this question.

#OPTION 2
Completing by remodeling to individual modern one bedroom apartments. This is more profitable than the four flat approach. Now how much will it cost to remodel? How's rental in the area despite the poor social amenities? If the area makes for a strong rental, this option might be a superior option to just completing for completing sake.

#OPTION 3
Sell the carcass. Now, how much do you think the property will go for? You need to be realistic. The romance is over. Now is time for cold hard economics. How much will the property command and how long will the property be in the market before you find a buyer? At this point, then ask yourself what will you do with the proceeds of the sale? Is there a sure investment you will plunge the proceeds into that will fantastically more than compensate for the foregone property? It is a situation of opportunity cost and alternative use of money. If you sell just to deposit the proceeds in a bank, inflation will eat the money. At the end of the day, you will not have your property and you will not have your money. Inflation don eat everything. One the flip side, if you don't sell, the property will "eat" inflation and increase in value over time. You need to weigh and process these options.

#OPTION 4
Do nothing. In this situation, you need to adopt late Chief Abiola's middle name: KASHIMAWO meaning; make we just dey look am. Time will tell.

You adopt this stance when all the above options didn't make the cut.
1) I thought of completing it when I saw the state today, things are wasting off. Living there? I doubt sincerely, living in such a house would put me/us in a spotlight I am not ready for. Not to na talk of the fuel /solar that would be required to power it daily.


2)it's a populous area and the rent makes sense, no be sey road no dey but too much traffic don make the road wear.

My worry about remodeling is, won't remodeling affect the strength of the house? The whole breaking and joining?

A well-designed house for rent should fly in this area and I am also very good at branding and marketing since that's my field, I can brand it to be like where only the successfull people should rent.

3) the carcass is worth 30M to 40M, I will be lucky if I can see a buyer because how many Nigerians in this state can comfortably drop 40M?
If I am lucky go get it sold, I will build a simpler one with it in a better estate. No putting money to bank.


4) Yes, that'ss what I've been doing since but I believe it is time for me to make a decision
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by somehow: 12:48pm On Aug 12, 2022
AWOL
Itsrm:


Has n3xt paid you?

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by diordaves(m): 1:18pm On Aug 12, 2022
Born2conquer:

1) I thought of completing it when I saw the state today, things are wasting off. Living there? I doubt sincerely, living in such a house would put me/us in a spotlight I am not ready for. Not to na talk of the fuel /solar that would be required to power it daily.


2)it's a populous area and the rent makes sense, no be sey road no dey but too much traffic don make the road wear.

My worry about remodeling is, won't remodeling affect the strength of the house? The whole breaking and joining?

A well-designed house for rent should fly in this area and I am also very good at branding and marketing since that's my field, I can brand it to be like where only the successfull people should rent.

3) the carcass is worth 30M to 40M, I will be lucky if I can see a buyer because how many Nigerians in this state can comfortably drop 40M?
If I am lucky go get it sold, I will build a simpler one with it in a better estate. No putting money to bank.


4) Yes, that'ss what I've been doing since but I believe it is time for me to make a decision

Ok. I get your drift.

Going forward, does your ability to complete the smaller project in the location you now love ABSOLUTELY depends on you releasing equity from the project? It is acceptable that your situation may have changed but can you fund the smaller project? If yes:

is it possible to rent/lease the building at a discount as is possibly to a school or hospital/clinic franchises as the location is populated? This is another way of doing nothing - the KASHIMAWO approach. Will the estate vendors allow this?

What I'm trying to say is situations like this are not binaries - either this or that. I will keep the property but put it in a usable condition so it doesn't go to ruins (that is leasing it out as is) and try to achieve my new dream and then come back to the project in the future. Hopefully not distant future.
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by dapotemi: 2:45pm On Aug 12, 2022
[quote author=Blessedsunny2 post=115610510]
Out of stock sir,similar of it, in stock 45by45
Spanish product, is this
7,500 per square meters[/quot

Pls can i use my POP measurements for tiles... If my pop measurements is 100 square metre, can ibjust assume my tiles measurement is 100 square netre and make my tiles purchases with that info?
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Born2conquer: 4:20pm On Aug 12, 2022
diordaves:


Ok. I get your drift.

Going forward, does your ability to complete the smaller project in the location you now love ABSOLUTELY depends on you releasing equity from the project? It is acceptable that your situation may have changed but can you fund the smaller project? If yes:

is it possible to rent/lease the building at a discount as is possibly to a school or hospital/clinic franchises as the location is populated? This is another way of doing nothing - the KASHIMAWO approach. Will the estate vendors allow this?

What I'm trying to say is situations like this are not binaries - either this or that. I will keep the property but put it in a usable condition so it doesn't go to ruins (that is leasing it out as is) and try to achieve my new dream and then come back to the project in the future. Hopefully not distant future.

I can build another one but my attachment to this is not allowing me to move on,

Last paragraph is okay if only we can get those we can lease it to. Agents work.

The estate might allow, depends on the approach
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Blessedsunny2(m): 4:33pm On Aug 12, 2022
[quote author=dapotemi post=115632461][/quote]
Yes sir, if is the same measurements
Of (meters in POP) should be the same (meters floor tiles)
case you want sketching for the floor tiles then you add meters

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rotecch77(m): 5:10pm On Aug 12, 2022
Locally made mega store door made by my local iron door maker

Size 2.5 m*1.9m width
Thick pipe / thick checkers plate
Cost N200,000 with installation and logistic

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by DFAMEGUY11S(m): 6:12pm On Aug 12, 2022

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Olusojisorunmu(m): 6:35pm On Aug 12, 2022
Kambols95:
Good evening house.
Pls, I need a professional advice pertaining to a proposed building (5 storey structure) situated in the mainlands. We just mounted the ground floor columns( 37 in number). Unfortunately, the columns didn't pass the cube test results for 28 days, we got average of 16N/mm² for a grade 25 Concrete.

The Structural Engineer( Consultant) on the project insisted we should run an NDT to ascertain the integrity of the columns. The NDT test done were Ultrasonic and Schmidt hammer rebound tests.

The results for the 2 tests was satisfactory though it was done after the 28 days curing period.

To my surprise, the Consultant structural engineer gave an instruction that the columns should be demolished even when the NDT shows a satisfactory result.

As a contractor, I need advice on what else can be done to be able to further prove my points about the integrity of the Columns as demolition is not the right thing to do at the moment.

Thanks as I welcome a very professional opinion on this matter.

Please, who conducted the NDT?
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by michlins(m): 7:13pm On Aug 12, 2022
rotecch77:
Locally made mega store door made by my local iron door maker

Size 2.5 m*1.9m width
Thick pipe / thick checkers plate
Cost N200,000 with installation and logistic
what if I tell you that the pipe isn't up to 1.5mm as alleged?

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by kiekie1(m): 7:39pm On Aug 12, 2022
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Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Blessedsunny2(m): 7:52pm On Aug 12, 2022
Virony product arrive New still in stock, still your blessed sunny global investment home of building materials LTD and also blessed Sam building materials enterprises

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Blessedsunny2(m): 7:53pm On Aug 12, 2022
Virony product

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by rotecch77(m): 9:14pm On Aug 12, 2022
Good things doesn’t come cheap.
But @ Arbo contractor Ltd ( Rotech) we always work with client budget

We are almost done with the Plastering stage of this project

2 Likes

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by bolu1986(m): 9:59pm On Aug 12, 2022
We are still available for your...
Pop
Wall screeding
Art work

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by redgem(f): 10:24pm On Aug 12, 2022
Oga Rotecch77 good evening...please have you heard of Axion plasterscreeding products? If yes, what is your take on it?

If anyone has heard of them biko tell me what you think of them....is it worth it?

QSFemi
Gbadexy
Bolu1986
Somehow
Hamtabfawaz
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Kingdemu: 10:47pm On Aug 12, 2022
Pls, what documents make up "House Documents"? If I purchase a land and build a house on it, the documents of the land automatically becomes the house documents or I need to process some other documents? What if the land is an inherited one with no documents? What really makes up the complete papers of a house?
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by sethtsadopp: 1:29am On Aug 13, 2022
Please does anyone know this particular material I marked here? What's it used for?
And please help me access the price of the other materials if they are current prices or overpriced. God bless.

Cc Bolu1986 Cash1115 Hamtabfawaz

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by DFAMEGUY11S(m): 6:17am On Aug 13, 2022

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Stanbiccode: 6:59am On Aug 13, 2022
Men tye is so costly 1 for 14k ���
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Nachory: 8:01am On Aug 13, 2022
Hello good people. I need someone who can procure & install Polystyrene Parapet on my new build in Ibadan. Preferably, someone who has done a satisfactory job for a Nairalander.

Hajji M.
Egunmagaji
Rotech
Gbadexy
and others.
Thanks.
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by gbadexy(m): 8:09am On Aug 13, 2022
Nachory:
Hello good people. I need someone who can procure & install Polystyrene Parapet on my new build in Ibadan. Preferably, someone who has done a satisfactory job for a Nairalander.

Hajji M.
Egunmagaji
Rotech
Gbadexy
and others.
Thanks.
I think abdulwastec used to mention it in his builds.
Cc. dominionng.
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by twinskenny(m): 8:26am On Aug 13, 2022
Nachory:
Hello good people. I need someone who can procure & install Polystyrene Parapet on my new build in Ibadan. Preferably, someone who has done a satisfactory job for a Nairalander.

Hajji M.
Egunmagaji
Rotech
Gbadexy
and others.
Thanks.

Cc dominionng
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by bolu1986(m): 9:09am On Aug 13, 2022
sethtsadopp:
Please does anyone know this particular material I marked here? What's it used for?
And please help me access the price of the other materials if they are current prices or overpriced. God bless.

Cc Bolu1986 Cash1115 Hamtabfawaz

Morning I didn't understand what that means apparently wrong spelling maybe you ask them...

But wherr is your location? Cause those other accessories prices are a bit high
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by CDG1(m): 9:19am On Aug 13, 2022
QSFemi:
How much is 30 tonnage if the site is located around Ibeju Lekki?


Sir please kindly text me on WhatsApp 08126254470 or call 07026691840.
What material do you want sir e.g 3/4 or 3/4 down or .....
Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Blessedsunny2(m): 9:51am On Aug 13, 2022
90by180 tile, it will soon arrive still your blessed Sam building materials.

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Elvishuzor(m): 10:07am On Aug 13, 2022
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doesnt habour microbes as the machine has a pot that can be cleaned after use
uses fuel as its source of power
less noise and can be used in your kitchen

intrested persons should contact me on
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whatsapp...08103107555

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Born2conquer: 10:49am On Aug 13, 2022
Born2conquer:
ADVICE NEEDED, I wish I can run this on a separate thread but it is what it is.

I started building this house on the first land I got, a gated estate in a serene environment but electricity is bad (once in a month kinda light) and the road leading to the estate too is not quite good though the neighborhood is the most populous area in the state capital.

The Goal deep down was to build the biggest in the area so it was a duplex with around 10rooms (2 living rooms, office, library, gym, and laundry room inclusive) 8 toilet/bathrooms, kitchen, and store. And by God's grace, we were able to do everything including plastering, wiring, plumbing, burglary, and window with the main doors fixed, and we were left with normal interior and exterior finishing. That was when my eyes cleared!!! I became wiser and I already have like 2 other lands in better estates with better electricity.

The house became too big and my taste changed to something smaller and simpler, my mind already moved out of the environment due to the electricity ish and how populous the area is (the house is noticeable from all angles and it stands out while I am just a single young guy).

That was how I abandoned the project in 2020 till I make up my mind.

I went there today and my mind broke, the property and the works we've done are wasting away, and my money is wasting away.

I need your advice on, whether should I complete the house (which will gulp 20M + in this tough economy, the money I can use to do better business) and rely on Generator and Solar for the rest of my life.

Or I should sell it and use the money to build something smaller and simpler.

Thank you to everybody who contributed to this. I appreciate every comment and I will feed you back in the nearest months on the final output.

1 Like

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Blessedsunny2(m): 11:13am On Aug 13, 2022
Still your blessed sunny global

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by Blessedsunny2(m): 11:14am On Aug 13, 2022
Still your blessed sunny global
Thanks you sir

Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by gbadexy(m): 11:52am On Aug 13, 2022
twinskenny:


Cc dominionng
Seconded, he has recent works with them.

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