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Can 10M Naira complete a housing project(land Inclusive)? - Properties - Nairaland

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Can 10M Naira complete a housing project(land Inclusive)? by engrrichie92(m): 7:56am On Apr 14, 2023
Builders/Architects/Engineers,

I need your expert advise.

So I have got 10M naira I want to invest in my first building project (Land inclusive)

I know it is not feasible in Lagos, so looking at Ondo/Ogun state; Is this feasible within my budget?

I am even willing to pay for a comprehensive project plan from an experienced builder.

It will be nice to have a detailed breakdown of how to achieve this before I proceed

Thanks in advance.

24 Likes 3 Shares

Re: Can 10M Naira complete a housing project(land Inclusive)? by AsomArchitectNG(m): 8:00am On Apr 14, 2023
Well, it'll for a moderately finished 2/3-bedroom bungalow...
See our just concluded 3bedroom bungalow construction if you're about starting your building project.. Link in my signature. Plus we offer building designs and construction services nationwide

24 Likes 1 Share

Re: Can 10M Naira complete a housing project(land Inclusive)? by Edoreborn: 8:04am On Apr 14, 2023
Following

3 Likes 1 Share

Re: Can 10M Naira complete a housing project(land Inclusive)? by Kurry: 8:15am On Apr 14, 2023
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Re: Can 10M Naira complete a housing project(land Inclusive)? by dawnomike(m): 8:22am On Apr 14, 2023
engrrichie92:
Builders/Architects/Engineers,

I need your expert advise.

So I have got 10M naira I want to invest in my first building project (Land inclusive)

I know it is not feasible in Lagos, so looking at Ondo/Ogun state; Is this feasible within my budget?

I am even willing to pay for a comprehensive project plan from an experienced builder.

It will be nice to have a detailed breakdown of how to achieve this before I proceed

Thanks in advance

Seun lalasticlala Mynd44 nlfpmod
Please help push to frontpage.
Yes it can depending on the land and the house design.

3 Likes

Re: Can 10M Naira complete a housing project(land Inclusive)? by Billionaire2: 11:02am On Apr 14, 2023
Something like this👇? Yes

81 Likes 6 Shares

Re: Can 10M Naira complete a housing project(land Inclusive)? by Brendaniel: 11:02am On Apr 14, 2023
It depends on the location and the size of the house, but if you are asking at the cheapest location and smallest size, your answer is yes...

7 Likes 1 Share

Re: Can 10M Naira complete a housing project(land Inclusive)? by DropsMic(m): 11:02am On Apr 14, 2023
In my village, yes

2 Likes

Re: Can 10M Naira complete a housing project(land Inclusive)? by ATEAMS: 11:02am On Apr 14, 2023
Depends on your locality...
Re: Can 10M Naira complete a housing project(land Inclusive)? by sslcrypt: 11:03am On Apr 14, 2023
Cool
Re: Can 10M Naira complete a housing project(land Inclusive)? by philiancoop(m): 11:03am On Apr 14, 2023
Oya o, we wan hear o
Re: Can 10M Naira complete a housing project(land Inclusive)? by Thegoodone13(m): 11:03am On Apr 14, 2023
Yes. 3 bed room. You can contact me for the job

1 Like

Re: Can 10M Naira complete a housing project(land Inclusive)? by Flapp478(m): 11:03am On Apr 14, 2023
Where una dey see all these money from? Jehovah.

Abeg who go send me 5k make I use chop abeg.?

Stop giving me "likes". Offer me help instead

77 Likes 3 Shares

Re: Can 10M Naira complete a housing project(land Inclusive)? by Sucre6: 11:03am On Apr 14, 2023
Depending on your location and choice of designed building
Re: Can 10M Naira complete a housing project(land Inclusive)? by philiancoop(m): 11:03am On Apr 14, 2023
Oya o. Builders and QE
Re: Can 10M Naira complete a housing project(land Inclusive)? by Laple0541(m): 11:03am On Apr 14, 2023
Roofing alone could cost more than 10M


Anyway it depends on your choice of location and building type. If it's a moderate type for you and your immediate family in a less expensive area, I think it can with even some change left for you.

5 Likes 1 Share

Re: Can 10M Naira complete a housing project(land Inclusive)? by greatiyk4u(m): 11:04am On Apr 14, 2023
You need to describe what you want as houses varies

3 Likes

Re: Can 10M Naira complete a housing project(land Inclusive)? by AK481(m): 11:04am On Apr 14, 2023
Wahala wahala wahala .
Re: Can 10M Naira complete a housing project(land Inclusive)? by kowema(f): 11:04am On Apr 14, 2023
Over flogged question.
No and yes.
Depends on size of intended building and location

4 Likes

Re: Can 10M Naira complete a housing project(land Inclusive)? by Funkyswagzz(m): 11:04am On Apr 14, 2023
engrrichie92:
Builders/Architects/Engineers,

I need your expert advise.

So I have got 10M naira I want to invest in my first building project (Land inclusive)

I know it is not feasible in Lagos, so looking at Ondo/Ogun state; Is this feasible within my budget?

I am even willing to pay for a comprehensive project plan from an experienced builder.

It will be nice to have a detailed breakdown of how to achieve this before I proceed

Thanks in advance.

If you are going for 3 bedroom flat it will give you what you want. Make sure you keep enough money for good tiles, wire and doors.

5 Likes 1 Share

Re: Can 10M Naira complete a housing project(land Inclusive)? by mployer(m): 11:04am On Apr 14, 2023
Yes

Buy land 3m in Ikorodu, use 5m build.

Keep your 2m.

28 Likes 1 Share

Re: Can 10M Naira complete a housing project(land Inclusive)? by MrHighSea: 11:05am On Apr 14, 2023
If land is at most 3m.
7m is much sef for a basic 2bedroom

5 Likes

Re: Can 10M Naira complete a housing project(land Inclusive)? by GenderMix: 11:05am On Apr 14, 2023
engrrichie92:
Builders/Architects/Engineers,

I need your expert advise.

So I have got 10M naira I want to invest in my first building project (Land inclusive)

I know it is not feasible in Lagos, so looking at Ondo/Ogun state; Is this feasible within my budget?

I am even willing to pay for a comprehensive project plan from an experienced builder.

It will be nice to have a detailed breakdown of how to achieve this before I proceed

Thanks in advance.

Several factors will determine that namely location, type/scope of building and quality of finishes.

If you are referring to a bungalow below is a rough guide (location-ogun state)

Size of plot - 36 x 9m ( half plot)-324 sqm
Cost of half plot - 600k - 1.5m depending on the are

Size of building - 25m x 7m (3 bedroom bungalow- one unit)= 175 sqm

Current reality is that 1sqm = 200,000 naira

Therefore cost of building= 175 x 200,000 = N35,000,000 (external works inclusive with average material finishing for the building)

Add the cost of land -1,500,000

Add contingency- 2,000,000

Total - N 38,500,000

Note that you can reduce the rate to 1sqm = 150,000 but not advisable

I hope this helps. Cheers

19 Likes 5 Shares

Re: Can 10M Naira complete a housing project(land Inclusive)? by timisquare82(m): 11:05am On Apr 14, 2023
Yes in my area eleyowo Akure

2 Likes 1 Share

Re: Can 10M Naira complete a housing project(land Inclusive)? by lakeside2gud(m): 11:05am On Apr 14, 2023
Yes you can . Even if you want a ready made completed building for that amount of budget . You can get it in Abk . Dm or call 08161750489. Realtor Ade .
Re: Can 10M Naira complete a housing project(land Inclusive)? by able20(m): 11:06am On Apr 14, 2023
engrrichie92:
Builders/Architects/Engineers,

I need your expert advise.

So I have got 10M naira I want to invest in my first building project (Land inclusive)

I know it is not feasible in Lagos, so looking at Ondo/Ogun state; Is this feasible within my budget?

I am even willing to pay for a comprehensive project plan from an experienced builder.

It will be nice to have a detailed breakdown of how to achieve this before I proceed

Thanks in advance.
Try Kogi State.
Re: Can 10M Naira complete a housing project(land Inclusive)? by ZACHIE: 11:06am On Apr 14, 2023
Hian
10m wouldn't even buy doors. Yet, 4m would finish a house.
Specify what you want before asking jamb questions.
Specifications are what is needed , sir.

5 Likes 1 Share

Re: Can 10M Naira complete a housing project(land Inclusive)? by zmanto(m): 11:07am On Apr 14, 2023
Yes, 3 bedroom with a well planning. I'm an architect and I can help you with a plan for free since is just a small project. Kindly reach me.

070
361
88
764

3 Likes

Re: Can 10M Naira complete a housing project(land Inclusive)? by BrickDevo: 11:07am On Apr 14, 2023

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