Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties (7) - Nairaland
Nairaland Forum › Nairaland General › Properties › Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (43036 Views)
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| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ibtommy(m): 9:58pm On Jan 02, 2025 |
kings59:. Lolz. The guy wan send money home from yanki na. Allow make he spend the whole 50 na |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by RichIgboBoy: 10:01pm On Jan 02, 2025 |
VaginaAcademic:yes it can, I built mine last year with 35m. I can refer you to the engineer, he built it while I was away in USA |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 10:05pm On Jan 02, 2025 |
Lekison:Hmmm. This is magic. If cement is 8500 each, 10 bags = 85k 10 tons sharp sand is 70k Labour each bag is 2k x 10bags = 20k Water 5k Total #180k Divide that amount by 350 ( 10x 35 pieces each bag) 180k / 350 = #514 each block. Therefore the price of 300 is fishy. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by tfelicityk(m): 10:06pm On Jan 02, 2025 |
Yes it can perfectly... |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by lekanation(m): 10:11pm On Jan 02, 2025 |
Neyoohpompy:Why you no kuku mention 2 billion? 3 bedroom with normal painted zinc, sliding aluminum, half pop and well water with reservoir tank and pump wouldn't cost more than 10m, standard with longspan aluminum roofing sheet with pop and casement shouldn't cost more than 15-17m, while standard 3bedroom bungalow is between 20-25 if your land is not water logged area. No damp proof course and raft foundation.. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lekison(m): 10:12pm On Jan 02, 2025 |
excessmon:You dey mind those online engineers? Someone even said he should prepare 80m . They will just inflate price and value anyhow online. I blame the OP for bringing such to Nairaland. He better go and consult the experts within his city for proper quotation. 30M-40M is enough to build a standard 3 bedroom. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by MT: 10:13pm On Jan 02, 2025 |
kings59:My brother, ceiling and roofing for 2.5 million? Op is talking about gerrard. Roofing alone will cost more than 2.5 million. Windows and doors for 1.5 million? For a contemporary building? Impossible |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:15pm On Jan 02, 2025 |
francisbarrack:Not to talk of frameless Leave them make them they talk |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lekison(m): 10:16pm On Jan 02, 2025 |
Skydivine:Nothing is fishy na you dey use the price in your location to determine everywhere. I fenced one of my buildings 2 weeks ago. I bought block 6 for #300 per one, cement 8,500 per bag and sand 30,000 per load. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by lekanation(m): 10:16pm On Jan 02, 2025 |
Sugarboyy:Dem don put knife for your neck self Na pre-cast concrete facial board you even use (parapet) The wood and carpentry work is not even up to 1m here. And stone coated roofing sheet shouldn't be up to 6m. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:19pm On Jan 02, 2025 |
mightyhaze:🤣🤣🤣🤣 |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Danmayo123: 10:20pm On Jan 02, 2025 |
But with the 3D building design you sent, the money will be enough with change. I can’t tell you the price range that will finish the building, I can send you different design but note: your building design will determine the cost of the building, I’m an architect, if you need building design, you can text me on WhatsApp 09033288455. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by erico2k2(m): 10:22pm On Jan 02, 2025 |
VaginaAcademic:yes |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 10:22pm On Jan 02, 2025 |
Lekison:You see, we are almost saying the same thing since you agree with me that cement is 8500 in your area as well. Secondly, you also agreed that sand is 30k per load . So, two loads will mold 10 bags of cement. Therefore my calculation was on spot. But the 300 for each block does not correspond if you had the standard 35 blocks per bag of cement. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Prestige16(m): 10:23pm On Jan 02, 2025 |
VaginaAcademic:This is subject to location and availability of land, plus the taste you have for finishing. I can tell you boldly that foundation, wiring, windows, POP, roofing, screeding and painting are the parts where the biggest chunk of the money will dissappear. So depending on the type of finishing you want, 50m can complete it with change sef or take it close to completion if the structure is to be built mostly within some of the northern states |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by lekanation(m): 10:24pm On Jan 02, 2025 |
Ibebeh:parapet or concrete facial board |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by travelzcruix: 10:26pm On Jan 02, 2025 |
Make I chook mouth. A house is never completed. Mould,roof, complete 2 rooms where u and children can stay for the main time. You will be shocked you will use half of the money if land is on standby. The rest put it into daily business, from the profits, use it and complete the house at your own pace. The economy is not smiling and we are barely 2 days into a long year of monetary famine which will affect everyone, no matter how rich u claim to be. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lekison(m): 10:26pm On Jan 02, 2025 |
Skydivine:"70K per ton" remember. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:26pm On Jan 02, 2025 |
Skydivine:Are they even still selling cement 8.5k anywhere in Nigeria? Presently a bag of cement in Benin city is 10k |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:28pm On Jan 02, 2025 |
Prestige16:Include roofing, borehole and doors |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by tymicjay77: 10:31pm On Jan 02, 2025 |
It all depends on your taste for finishing and decorations.if you want a standard and quality materials that 50m will not be enough...the following factors actually determine how the money will be dispense 1. The individual handling your project ( forget all those saying you should handle and supervise the project yourself, the truth is it will cost you more if you do that . because if you eventually make an error , whosoever you will call to make amendment for the corrections will over bid you cause you will have no choice.the best is to pick different option of contractor and let the submit their bid trust me you will feel relax.) 2. Go for material that are not too expensive but has durability confidence, example for doors instead of going for high yield steel or aluminum door go for well finished wooden doors, also instead of going for marble tiles go for ceramic tile will nice design,instead of going for conduit electrification laying, transverse you cabling internally in the ceiling and walls.,for the roofing minimize the taper angle and height of the kings pole,you can even settle for flat roofing ,so many ways to reduce cost. 3.avoid giving your project to bricklayer handle ,you will end of spending unforseen expenses trust me...I have handle so many projects that was initially handled by those bricklayer,some out of pity to the client I prefer solution without complete alterations to the already done project... imagine a client call for urgent help on his already built house due to excessive water sipage from the foundation,,the foundation was so bad that differential settlement of the build load( weight ) casing crack on the walls.definite such project need total reconstruction but client are are always sober because of the double expenses. Just saying this because of those saying you should handle the project your self or maybe employed the service of ordinary artisans.... |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 10:32pm On Jan 02, 2025 |
Lekison:Those small Bedford truck or 911 truck you mentioned is actually 5 tons. You would need two of those to make 10 tons, which is 35k x 2 = 70k. That is the quantity you need to mold 10 bags of cement l used in the calculation. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:32pm On Jan 02, 2025 |
lekanation:Sand Cement Granite Rod Binding wire Nails Workmanship All these aren't upto 1m? How much does just workmanship cost in your area for such a job? If I could remember vividly, I bought 12 tonnes granite(not dust granite oh). Though they didn't used all. 2 rolls of biding wire (small remain) Can't remember the quantity of iron rod that I bought but amongst were 12mm, 10mm and 8mm. 4-1 sharp sand was sold at 95k with I did it last year How many bags of cement will you use for such a job? I bought a bag of nails or so (can't remember the nails measurements). And workmanship was 300k. Do your calculations oga. And mind you, I was the one that bought every materials needed for the job and I supervised it from morning till evening, everyday Infact almost everything done in that building till I finished it, I was the one that bought it myself... I was only paying for workmanship |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 10:33pm On Jan 02, 2025 |
Sugarboyy:I bought 9k from Onitsha last 2 weeks |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:40pm On Jan 02, 2025 |
Skydivine:Benin own they always different 🤣🤣 even if they want to consider you based on customer, it's Bua they will give you for 9.5k I'm planning on starting a service apartment soon... 2 bedroom duplex each, 4 in a compound. I just they pray make God help me see it through with the rate of things in the market right now |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 10:46pm On Jan 02, 2025 |
Sugarboyy:With steady you will finish it. As long as you have enough to get the carcass done on the first phase . |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:46pm On Jan 02, 2025 |
tymicjay77:👌 |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:47pm On Jan 02, 2025 |
Skydivine:But it will cost atleast 100m to achieve it? |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Ex0rrcist: 10:48pm On Jan 02, 2025 |
osazsky:How much do you think will finish this kitchen
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| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 10:48pm On Jan 02, 2025 |
Sugarboyy:Yes. Or a little more. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:50pm On Jan 02, 2025 |
Skydivine:😁😁😁😁 Make I just rest and use the money take do another thing Thanks bro 🙏 |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Sugarboyy(m): 10:52pm On Jan 02, 2025 |
Ex0rrcist:Na my kitchen pic you they save without my consent? 🤣 |
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Someone even said he should prepare 80m