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Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties (3) - Nairaland

Nairaland ForumNairaland GeneralPropertiesCan ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (43078 Views)

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Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Impaka: 7:57pm On Jan 02, 2025
kings59:
15 Million will do that perfectly well.
u are just joking ,is like u are not familiar with the price of building materials now , both cement ,iron are no go area now ,talkless of good roofing sheets,better use the 15milion for something else.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lekan239(m): 7:57pm On Jan 02, 2025
Sugarboyy:
Without the land, let me do a proper breakdown for you and allow you to decide yourself... This is from person experience.

To DPC level, you are spending a minimum of 2m.
To lintel level from DPC, you are spending another 2m minimum.
Let's say 5m from scratch to Lintel level, excluding filling sand and workmanship.
That parafet, I did mine that's an artwork parafet for 1.8m
Woodwork and roofing currently for this sample you posted, you are spending atleast 10m.
Plastering
Artwork
POP
Tiles
Borehole (tank, tank stand)
Piping
Plumbing
Furniture
Soakaways
Screeding
Painting
Burglary
Gate
Flooring
Power
Plumbing items,
etc

My brother, 50m won't build it.
You should be looking at 65-70m.
exactly. When cement was 4k 2022. I build mine. Very standards 3bedroom. With fence. Was about 30-35m... now that cement is not 8,500. Sand price go up, granite prixe double.. my sane ous I built with about 35m 2 years ago will cost over 65m now to build the same ous
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by NLPoliceWoman: 7:57pm On Jan 02, 2025
DuttyChuks:
As per say na your papa get nairaland
Mynd44 Dominique Justwise.
Rule 1.
Rule 2.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Ynix(m): 7:58pm On Jan 02, 2025
DarlingtonC:
A lot of expenses here can be reduced by 50 percent
sure based on taste and choice of material of lesser quality and durability
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by NaijaCover(m): 7:58pm On Jan 02, 2025
30million naira can build it
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 7:58pm On Jan 02, 2025
Ganjafama:
You added screeding/painting and furniture. You can choose to paint without screeding. Also, I think you should omit furniture for the meantime.
The furnitures are the kitchen cabinets and wardrobes.
You can't build such a house without those 2.
And for the screeding and painting, the pics that the op posted comes with screeding and painting
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Tmex(m): 7:59pm On Jan 02, 2025
Assuming you already have the land, the cost could vary based on the topography of the land and soil type, location, size of the apartments and your aesthetic taste. In all i believe 30m shold give you a decent apartment .
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 7:59pm On Jan 02, 2025
Lekan239:
exactly. When cement was 4k 2022. I build mine. Very standards 3bedroom. With fence. Was about 30-35m... now that cement is not 8,500. Sand price go up, granite prixe double.. my sane ous I built with about 35m 2 years ago will cost over 65m now to build the same ous
Currently in Benin city, a bag of cement is 10k
4-1 sharp sand is currently 120k minimum in Benin city also.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Nazgul: 7:59pm On Jan 02, 2025
decatalyst:
15million wetin?

Is this some kind of a joke?

I guess it's been long to price building materials.

Excluding the land, the 15m will not take your standard 3bed room past 70%.
You even tried to give it 70%. Foundation to lintel level and roofing would swallow that money.

And you've not even started the interior which is even more expensive.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by opera1(m): 7:59pm On Jan 02, 2025
kings59:
15 Million will do that perfectly well.
Dat was olden days, not now
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Kavod: 8:00pm On Jan 02, 2025
Free2Fly:
Most likely, if you buy materials yourself and monitor everything closely.
DONT LET ONLINE PEOPLE WHO NEVER BUILD I BED ROOM APARTMENT ADVISE YOU SHA...
TO BUILD HOUSE NOR DE COST FROM FOUNDATION TO LINTEL... THE COST THEY COME FROM THE FINISHING, INSHORT THE FINISHING TAKES 80% COST...

50 MILLION NOR FIT BUILD THREE STANDARD BEDROOM APARTMENT NOR BUNGALOW.
TRY 80M,

REMEMBER I SAID STANDARD.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by excessmon(m): 8:00pm On Jan 02, 2025
Sincerely speaking most people that answered here hasn't even bought anything in life.......


How many blocks will make a 3 bedroom from start to finish?
What's the cost of roofing sheets?
Whats the cost of wood?
Whats the cost of tiles?
Whats the cost if the electricals and lightings?
Whats the cost of painting?


Everything i asked there isn't up till 30 million for a standard and new design apartment?

Make una calm down sef,naso una make corolla cost with all these una assumptions....car wey no fine dey cost 7m?

Who dom build no dey assume! Peace
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Tallesty1(m): 8:00pm On Jan 02, 2025
decatalyst:
15million wetin?

Is this some kind of a joke?

I guess it's been long to price building materials.

Excluding the land, the 15m will not take your standard 3bed room past 70%.
It will, if you already have land.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by engrelvis(m): 8:00pm On Jan 02, 2025
VaginaAcademic:
Please I need serious advice and breakdown
Which part of country are u building it? Fdn cost differ depending in which part of country.Yr house drawing ( Architectural) is another thing.Complex house drawing attract more building materials. Their r 3 bedrooms dt will cost u 100millions afer finishing while another same 3 bed rm will cost u btw 10m -30m.Reduce yr taste n complex house drawing u will b alright
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Ganjafama(m): 8:01pm On Jan 02, 2025
Sugarboyy:
The furnitures are the kitchen cabinets and wardrobes.
You can't build such a house without those 2.
And for the screeding and painting, the pics that the op posted comes with screeding and painting
Ok. But with a limited budget you can just paint without screeding, though screeding gives it an exceptional finish.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by melonsgroup: 8:01pm On Jan 02, 2025
westlius:
You need 4,000 to 5000 blocks.
6 inches block
1 bag of cement gives you 45 blocks,
You need 112 bags to get 5,000 blocks
Finishing (interior) can be expensive or cheaper depending on your taste.
50 million will build 2 of these house minus land and get change is your finishing standard isn't too high
my brother no mind them.
Some people go just carry money give engineers without supervision.
Even 20m will give you that house with better supervision,if you manage your resources well.
Just get 60 bags of cement,@9500×60.
3 trips of sand @100k×3.
Block moulders dey collect 2500×60 per one bag of cement for my side.
With 1m you will get your 3500 blocks.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lekan239(m): 8:02pm On Jan 02, 2025
Sugarboyy:
Currently in Benin city, a bag of cement is 10k
4-1 sharp sand is currently 120k minimum in Benin city also.
oh. Wow.. it is well
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Henix(m): 8:02pm On Jan 02, 2025
Sugarboyy:
Without the land, let me do a proper breakdown for you and allow you to decide yourself... This is from person experience.

To DPC level, you are spending a minimum of 2m.
To lintel level from DPC, you are spending another 2m minimum.
Let's say 5m from scratch to Lintel level, excluding filling sand and workmanship.
That parafet, I did mine that's an artwork parafet for 1.8m
Woodwork and roofing currently for this sample you posted, you are spending atleast 10m.
Plastering
Artwork
POP
Tiles
Borehole (tank, tank stand)
Piping
Plumbing
Furniture
Soakaways
Screeding
Painting
Burglary
Gate
Flooring
Power
Plumbing items,
etc

My brother, 50m won't build it.
You should be looking at 65-70m.
10 million for this roof? My 5 bedroom bungalow in Awka didn't cost me up to 5 million naira to roof around March last year, with a quality stone coated
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 8:03pm On Jan 02, 2025
Ganjafama:
Ok. But with a limited budget you can just paint without screeding, though screeding gives it an exceptional finish.
That's true
But it's advisable to do screeding so that you won't need to be doing repainting every year.
A standard kitchen cabinet right now sef is between 2-2.5m
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Jorussia(m): 8:04pm On Jan 02, 2025
Ganjafama:
You added screeding/painting and furniture. You can choose to paint without screeding. Also, I think you should omit furniture for the meantime.
Don't mind him,he is adding embellishments which are usually determined by individual taste.If the man is in Benin city and land is available I will deliver with #35m.The most expensive there now is the roofing.the metro roofing #6m go bring am out from factory.the roofing wood #3m,the parraflex #6m.Tiles nor pass #6m even for foreign tiles.if it's Nigeria tiles,#2.5m go do the tiles.borehole, plumbing even with tanks nor pass #2m.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by UselessBuharist: 8:04pm On Jan 02, 2025
kings59:
15 Million will do that perfectly well.
You never build it’s obvious
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lekan239(m): 8:05pm On Jan 02, 2025
melonsgroup:
my brother no mind them.
Some people go just carry money give engineers without supervision.
Even 20m will give you that house with better supervision,if you manage your resources well
lol. Pathetic
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by aremuforlife(m): 8:06pm On Jan 02, 2025
Sugarboyy:
Without the land, let me do a proper breakdown for you and allow you to decide yourself... This is from person experience.

To DPC level, you are spending a minimum of 2m.
To lintel level from DPC, you are spending another 2m minimum.
Let's say 5m from scratch to Lintel level, excluding filling sand and workmanship.
That parafet, I did mine that's an artwork parafet for 1.8m
Woodwork and roofing currently for this sample you posted, you are spending atleast 10m.
Plastering
Artwork
POP
Tiles
Borehole (tank, tank stand)
Piping
Plumbing
Furniture
Soakaways
Screeding
Painting
Burglary
Gate
Flooring
Power
Plumbing items,
etc

My brother, 50m won't build it.
You should be looking at 65-70m.
What are you really building? If na play stop it. Why are you guys like this, what do you mean 50m will not build 3 bedroom flat?
It will finish 2 building of 3bedroom
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by maasoap(m): 8:08pm On Jan 02, 2025
Change go remain sef
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 8:08pm On Jan 02, 2025
Henix:
10 million for this roof? My 5 bedroom bungalow in Awka didn't cost me up to 5 million naira to roof around March last year, with a quality stone coated
Mine, a standard 4 bedroom bungalow at the front and a room & parlour self contained at the back.
I did artwork parafet at 1.8m, wood work at about 2m (including carpenter) and roofing at about 6m (including carpenter also).
This was last year.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 8:09pm On Jan 02, 2025
aremuforlife:
What are you really building? If na play stop it. Why are you guys like this, what do you mean 50m will not build 3 bedroom flat?
It will finish 2 building of 3bedroom
K
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 8:10pm On Jan 02, 2025
Jorussia:
Don't mind him,he is adding embellishments which are usually determined by individual taste.If the man is in Benin city and land is available I will deliver with #35m.The most expensive there now is the roofing.the metro roofing #6m go bring am out from factory.the roofing wood #3m,the parraflex #6m.Tiles nor pass #6m even for foreign tiles.if it's Nigeria tiles,#2.5m go do the tiles.borehole, plumbing even with tanks nor pass #2m.
Don't worry, deliver yours in Benin for 35m.
And yes, I'm in Benin
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ArcSEMPECJ(m): 8:11pm On Jan 02, 2025
50 million Naira will go a long way....

If we go by Estimating the Cost.....

As we need only pillars at the edges of the external walls and few internal which I do introduce from lintel stage....

So with this....

( Not knowing the area of the building plan or seeing the floor plan ) so it will be mostly a Guess work

FOUNDATION STAGE: ( SUB STRUCTURE)

#6.5million Naira both Materials, labour and Supervision will go a long way to

GROUND FLOOR STAGE: ( SUPER STRUCTURE)

Considering the cost of blocks and Bungalow takes much blocks and rods due to the area it covers...
Blocks ( can be up to 4200) @ #720 per block
Blocks only = #3million plus without labour
So let's say at this stage....
Rods
Planks
Cement
etc
So lets say Total Expenditure......#8 million to leveling stage and Parapet STAGE...

ROOFING STAGE.....
( Materials, Labour and Supervision)
Not less than #5million ....( For baked roofing sheets)

PLASTERING WORKS (FINISHING WORKS)....

Not less than #4million...

DOORS & WINDOWS....
Depending (#4 million )

TILES....
( #4 million)

Then Electrical / Plumbing SERVICES:

( Not less than #4million)

TOTAL ROUGH ESTIMATE....
#33,000,000 +++


But if you target from #25 million - 30 million

You will surely get what you want depending on the kind of Finishing materials you prefer...

PLS NOTE:

This is just a rough estimate, you can get the near exact estimate when you take the building plan to a qualified Quantity Surveyor or contact an Architect near you to help you get one...


You can contact us for your Architectural building plans, Construction and landscaping works as well for a well detailed....

Chat me up or call me
Check my signature for Details.....

Don't panic about constructing your building, a step in the right direction brings the difference...Call us now
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 8:11pm On Jan 02, 2025
excessmon:
Sincerely speaking most people that answered here hasn't even bought anything in life.......


How many blocks will make a 3 bedroom from start to finish?
What's the cost of roofing sheets?
Whats the cost of wood?
Whats the cost of tiles?
Whats the cost if the electricals and lightings?
Whats the cost of painting?


Everything i asked there isn't up till 30 million for a standard and new design apartment?

Make una calm down sef,naso una make corolla cost with all these una assumptions....car wey no fine dey cost 7m?

Who dom build no dey assume! Peace
If you bought an old used Corolla for $1k (#1.6m) from US. Assuming can even find one at that price. Auction fee alone and towing from auction ground might cost up to $800.
Ship it for $1500 ( #2.4M)
Clear it for #2.8M
Total is #6.8M
Fix it for additional #300k ( battery, tire and oil change and breaks )

How much would you sell it to make some profit?
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by walozanga(m): 8:12pm On Jan 02, 2025
kings59:
15 Million will do that perfectly well.
Story
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Jorussia(m): 8:12pm On Jan 02, 2025
westlius:
You need 4,000 to 5000 blocks.
6 inches block
1 bag of cement gives you 45 blocks,
You need 112 bags to get 5,000 blocks
Finishing (interior) can be expensive or cheaper depending on your taste.
50 million will build 2 of these house minus land and get change is your finishing standard isn't too high
which kind block u want get 45 for 1 bag of cement?here for Benin city it's a maximum of 36 blocks for 1 bag of cement.#50m won't build two of these house except him use roofing take form parraflex and he use black normal aluminum roofing.both wood and roofing #5m go do normal black aluminum roofing.he do basic pop for maybe 1.2m.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Factcheck0001: 8:13pm On Jan 02, 2025
Sugarboyy:
I have currently spent more than 30m in my new 4 bedroom bungalow, and it seems I'm just starting 😭
hmmm

30 million on bungalow n it seems it's just starting

I pity people who bring all these topics online cos we go just Dey hear lamba from different quaters
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