₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,328,848 members, 8,437,662 topics. Date: Thursday, 02 July 2026 at 09:29 AM

Toggle theme

Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties (4) - Nairaland

Nairaland ForumNairaland GeneralPropertiesCan ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (43054 Views)

1 2 3 4 5 6 7 8 9 10 ... 11 Reply (Go Down)

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 8:13pm On Jan 02, 2025
Kavod:
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.
Thanks for this
Make people make nor even get land they assume here
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lokoyen(m): 8:14pm 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.
grin grin grin grin grin
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by skywalker240(m): 8:15pm 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%.
Oga 10 million will build a bungalow with Pop

Where una take de buy una materials sef de fear me
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Neyoohpompy(m): 8:16pm On Jan 02, 2025
Best comment so far....the roofing also dependa on the type of roofing sheet he is using. If he js using gerad plus fence the house, he needs 90m/100m.
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.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by DarlingtonC: 8:16pm On Jan 02, 2025
Sugarboyy:
My brother, if you haven't, please try and start a building project. You will come back here and change this stance of yours.
Even 60m excluding land won't build it
Who spends 500k to clear a land and level?

Wastages shouldn't be normalized
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Factcheck0001: 8:16pm 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
just leave our nairaland billionaire's

Even if u say u have 50 billion Naira n u tell them u want to buy bicycle tire they will still tell u it's not enough
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Eriokanmi: 8:17pm On Jan 02, 2025
Softmirror:
The first picture is beautiful.
True but the parapet is too big. Old designs do have such. It's a waste of materials. Have you seen modern parapet in layers? You'd love it.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by LoneSoldier: 8:17pm 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 kind of statistics is this oga, 50M will build a modern 3 bedroom bungalow house and he will still have change, if calculated well 25M will do it from start to finish....
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by DarlingtonC: 8:17pm On Jan 02, 2025
Yemade029:
Exactly, cause I dont understand how you will pay labour 2m, just for foundation work alone
imagine 500k to clear a land and level it. That's wastage
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by IronCondemned: 8:18pm On Jan 02, 2025
VaginaAcademic:
Please I need serious advice and breakdown
It will, but it depends on the kind of finishing you opt for.
The kind of tiles, kitchen cabinet, toilet facilities and accessories, etc.
I know what I've passed thru for the past 2 months to complete a project I started 2 years back.
The cost of materials keeps rising daily. Let no one be deceived. This year will be tougher than last. Do whatever you can to invest with your money now because it will surely get worse. The Naira value is going to nosedive uncontrollably this year.
Tinubu is a disaster but his supporters won't agree to that.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Judolisco(m): 8:18pm 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%.
he is correct na u wan build huz for Abuja or lag.... grin
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 8:19pm On Jan 02, 2025
Factcheck0001:
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
This was when the roofing was going on.
So, stop coming online and be thinking everyone is like you that comes online to drop lamba.
This same building, the parafet is 1.8m, wood work is 2m and 6m was spent on roofing. That's a total of 9.8m.
And before you come up with the engineer cheating me, I supervised and even bought the materials myself. All these were done last year.

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ArcSEMPECJ(m): 8:19pm 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 😭
What was your foundation stage like?
Did your Engineer introduce Raft foundation for you?
Did he introduce Ground beams as well

I think the foundation of your project is what might have skyrocketed the amount...

Like is the land in a flooded area huh

For you to say you are just starting after spending more than 30million....haba
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Factcheck0001: 8:20pm On Jan 02, 2025
DarlingtonC:
imagine 500k to clear a land and level it. That's wastage
no mind all these online billionaire's

One was even adding siting room furniture n kitchen wares

For nairaland ehn, some people will always tell u it's not enough even if na bicycle tire u wan buy n u have 50 billion they will tell u it's not enough

It's on this same nairaland that someone said his uncles are willing to gather 6 million naira for him to start business n they are telling him 6 million naira is too small to start anything
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Jorussia(m): 8:22pm On Jan 02, 2025
Sugarboyy:
Don't worry, deliver yours in Benin for 35m.
And yes, I'm in Benin
Oga i be site supervisor and have projects that are still ongoing.May be u join the people when want make #10m profit from 3 bedrooms bungalow project.there is what is known as actual cost of building and variations as a result of taste from individual clients.some persons can decide to buy #5m tiles for just one room,it's their choice and it doesn't mean that's the cost for standard one room.I will deliver with #35m and he pays me #1m as my fee and i don't engage in inflating prices of materials.Provided his money is available and I will deliver within 3months.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by IDERAWOLE(m): 8:22pm On Jan 02, 2025
harqinhola:
Yes, it can.
50m sounds like big money, it'll barely complete it. Anyway, until it is quantified one cannot say exactly.

Now, to quantify this you have to provide the complete architectural drawings showing the following:

1. Site plan
2. Floor Plan
3. The four-side elevations(views)
4. A cross sectional drawing to show few features inside the building
5. Roof plan

Then in order not quarrel when the finishing is completed, you'll need to agree with the architect what finishing materials like; floor and wall tiles, painting type, ceiling design and type, lighting features, light switch and sockets should be.

For more details, you can reach me on 08063423482.
Land in beautiful areas are also available at good prices.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Ashawoman82: 8:23pm On Jan 02, 2025
Sugarboyy:
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
Oga stop exaggerating things, what do u mean a standard kitchen cabinet, as in furniture in the kitchen is 2.5m haba..
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 8:23pm On Jan 02, 2025
Jorussia:
Oga i be site supervisor and have projects that are still ongoing.May be u join the people when want make #10m profit from 3 bedrooms bungalow project.there is what is known as actual cost of building and variations as a result of taste from individual clients.some persons can decide to buy #5m tiles for just one room,it's their choice and it doesn't mean that's the cost for standard one room.I will deliver with #35m and he pays me #1m as my fee and i don't engage in inflating prices of materials.Provided his money is available and I will deliver within 3months.
Speaking not as an engineer but as a owner
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 8:24pm On Jan 02, 2025
Ashawoman82:
Oga stop exaggerating things, what do u mean a standard kitchen cabinet, as in furniture in the kitchen is 2.5m haba..
K
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lovit(m): 8:26pm On Jan 02, 2025
N50m can build two of that

lands not inclusive.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 8:26pm On Jan 02, 2025
DarlingtonC:
Who spends 500k to clear a land and level?

Wastages shouldn't be normalized
No matter the type of bush, 2 guys with cutlass will clear it with hightest 100k . Is it not just one plot of land? Except there are trees . Which could be charged per tree to uproot.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by osazsky(m): 8:27pm On Jan 02, 2025
DarlingtonC:
imagine 500k to clear a land and level it. That's wastage
na 12k I take run my own just look for 2 Benue guys..my bro people can be foolish o..I don c person way do kitchen cabinet 12 m...most of them are yahoo guys with no sense when I saw the kitchen and cost it it was roughly 1.8m..i nor even expose his foolishness cuz na my guy do the work..after the job my guy buy car for him wife from one kitchen job
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by dollarnaira(m): 8:27pm 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 all depends on type of roof, choice of tiles and windows. 15m will go far. There are several frivolities in structures these days.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by boxypane: 8:28pm On Jan 02, 2025
That's if the cost of land in a good location is not included.
Na furnishings be house sha.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by tiswell(m): 8:28pm On Jan 02, 2025
Ynix:
Take a look at this

1. Site Clearing and Preparation
Site Surveying and Mapping: ₦300,000
Site Clearing and Leveling: ₦500,000
Excavation for Foundation: ₦700,000
Sub-Total: ₦1,500,000
2. Foundation Stage
Materials (Cement, Sand, Gravel, Steel): ₦3,500,000
Labor for Foundation Work: ₦2,000,000
Damp Proof Membrane and Blinding: ₦1,000,000
Sub-Total: ₦6,500,000
3. Structural Work
Wall Construction (Blocks, Mortar, and Labor): ₦8,000,000
Reinforcement for Pillars and Lintels: ₦3,000,000
Sub-Total: ₦11,000,000
4. Roofing
Roofing Materials (Wood, Zinc/Aluminum, Nails): ₦4,000,000
Roofing Labor: ₦1,000,000
Sub-Total: ₦5,000,000
5. Windows and Doors
Aluminum/Steel Windows (Materials and Installation): ₦2,000,000
Doors (External and Internal): ₦2,500,000
Sub-Total: ₦4,500,000
6. Electrical and Plumbing
Electrical Wiring and Fixtures: ₦2,000,000
Plumbing and Sanitary Fittings: ₦2,500,000
Sub-Total: ₦4,500,000
7. Interior Finishing
Plastering and Screeding: ₦2,000,000
Painting (Interior and Exterior): ₦2,000,000
Tiling (Floor and Walls): ₦3,000,000
Ceiling Work (POP or PVC): ₦1,500,000
Sub-Total: ₦8,500,000
8. Exterior Finishing
Paving/Compound Finishing: ₦3,000,000
Drainage and Fencing: ₦2,500,000
Sub-Total: ₦5,500,000
9. Contingency (5%)
Unforeseen Expenses: ₦2,500,000
Grand Total: ₦50,000,000
🤐
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by kkonsults: 8:29pm On Jan 02, 2025
Sugarboyy:
This was when the roofing was going on.
So, stop coming online and be thinking everyone is like you that comes online to drop lamba.
This same building, the parafet is 1.8m, wood work is 2m and 6m was spent on roofing. That's a total of 9.8m.
And before you come up with the engineer cheating me, I supervised and even bought the materials myself. All these were done last year.
EDO to the world 🌎
Nice work.
Welldone my brother.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Pearl242: 8:30pm On Jan 02, 2025
I think you can
Depending on how big or spacious you want it to be
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Jorussia(m): 8:30pm On Jan 02, 2025
Sugarboyy:
Speaking not as an engineer but as a owner
Okay i now understand you.but u said ur own na 4 bedroom?some 4 bedrooms bungalow is equivalent to 2flats(3 bedrooms).If it's anything the size of 2flats with parafet and metro roofing it's going to cost #40m and above.I did estimate for 2flats(3 bedroom),it was around #35m.The estimate is just a basic standard house with no metro roofing or parafet.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lordofalmajiri(f): 8:30pm 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
It can't build a modem bungalow bro.
He made mention of modern and it can't
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by fastseo: 8:31pm 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 wil. U need 3000 blocks to do normal size 3 bedroom.

300 meter of zinc

50 bags of cement for plastering

1 bag of cement will shock 100 blocks.


This are the basics.

Unless u want to involve buying of Turkish door, expensive paint. There are paint 20m u never finish painting the whole house.

So it depends on d finishing
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by CodeTemplarr: 8:32pm On Jan 02, 2025
kings59:
15 Million will do that perfectly well.

A man in my area used 12 million to build a good bungalow, more beautiful than the one OP attached to his photo.

All those crazy people shouting 50M are thieves. Buy the materials yourself and don't allow the engineer to do it.

I would have showed a photo, but the man wouldn't like to see his house online because he is a Military person.


Make una just dey mumu for nairaland. Learn and stop arguing and quoting me.
15m can do that if it ia beside cement factory where a bag is like N800 you are building.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by GeneralPula: 8:33pm On Jan 02, 2025
Ynix:
Take a look at this

1. Site Clearing and Preparation
Site Surveying and Mapping: ₦300,000
Site Clearing and Leveling: ₦500,000
Excavation for Foundation: ₦700,000
Sub-Total: ₦1,500,000
2. Foundation Stage
Materials (Cement, Sand, Gravel, Steel): ₦3,500,000
Labor for Foundation Work: ₦2,000,000
Damp Proof Membrane and Blinding: ₦1,000,000
Sub-Total: ₦6,500,000
3. Structural Work
Wall Construction (Blocks, Mortar, and Labor): ₦8,000,000
Reinforcement for Pillars and Lintels: ₦3,000,000
Sub-Total: ₦11,000,000
4. Roofing
Roofing Materials (Wood, Zinc/Aluminum, Nails): ₦4,000,000
Roofing Labor: ₦1,000,000
Sub-Total: ₦5,000,000
5. Windows and Doors
Aluminum/Steel Windows (Materials and Installation): ₦2,000,000
Doors (External and Internal): ₦2,500,000
Sub-Total: ₦4,500,000
6. Electrical and Plumbing
Electrical Wiring and Fixtures: ₦2,000,000
Plumbing and Sanitary Fittings: ₦2,500,000
Sub-Total: ₦4,500,000
7. Interior Finishing
Plastering and Screeding: ₦2,000,000
Painting (Interior and Exterior): ₦2,000,000
Tiling (Floor and Walls): ₦3,000,000
Ceiling Work (POP or PVC): ₦1,500,000
Sub-Total: ₦8,500,000
8. Exterior Finishing
Paving/Compound Finishing: ₦3,000,000
Drainage and Fencing: ₦2,500,000
Sub-Total: ₦5,500,000
9. Contingency (5%)
Unforeseen Expenses: ₦2,500,000
Grand Total: ₦50,000,000

Note: This costing is subject to reduction or addition based on inflation, market situation, quality of materials and type of expertise engaged
Almost everything you listed here are not op to that.

27-30m would be enough complete
1 2 3 4 5 6 7 8 9 10 ... 11 Reply

See This Modern 3 Bedroom Bungalow Architectural Design/building Plan/drawingCan N30 Million Build A Business Complex?Can 30 Million Build 6 Bedroom Duplex.234

Cost Of Rent Around Abuja|Co-tenantMan Shows Off What Water Did To A House In Lekki, Lagos (Photos/Video)Nairalander Please Beware Of NON Lagos State Lands In Ikorodu And Aquisation