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Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties (7) - Nairaland

Nairaland ForumNairaland GeneralPropertiesCan ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (43025 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:
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 shown 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.


We are talking about Three bedrooms here and not 5 bedrooms.

If a trip of sand is 180k, filling 3 rooms a parlor and a kitchen and bathrooms would take let's say 6 tippers of sand = 1.8 M

Then the rods should take 2.5M for foundation.

Casting it + cement + granite should be 4 M

Blocks can be 800k

The ceiling and roofing should be 2.5M since it's 3 bedroom

Windows and doors should be 1.5M ( 3 doors 3 rooms, kitchen, and toilet and bathroom + entrance) making 6 doors= 600k windows and the rest 600k
Workmanship 1.5M

Is the building not set already?

The OP never specifies internal decoration, just building.


No wonder many people fail exams.
.
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:
Please I need serious advice and breakdown
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:
It depends on the location tho. Block 6 is 300 here in Kogi.
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:
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.
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:
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
You dey mind those online engineers? grin Someone even said he should prepare 80m grin grin grin. 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:
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 shown 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.


We are talking about Three bedrooms here and not 5 bedrooms.

If a trip of sand is 180k, filling 3 rooms a parlor and a kitchen and bathrooms would take let's say 6 tippers of sand = 1.8 M

Then the rods should take 2.5M for foundation.

Casting it + cement + granite should be 4 M

Blocks can be 800k

The ceiling and roofing should be 2.5M since it's 3 bedroom

Windows and doors should be 1.5M ( 3 doors 3 rooms, kitchen, and toilet and bathroom + entrance) making 6 doors= 600k windows and the rest 600k
Workmanship 1.5M

Is the building not set already?

The OP never specifies internal decoration, just building.


No wonder many people fail exams.
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:
Imagine casement window alone is close to 3million
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:
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.
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:
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.
Dem don put knife for your neck self grin 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:
1 bag go gv u 45 6 inch blocks ??


No wonder houses dey fall left n right grin
🤣🤣🤣🤣
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:
Please I need serious advice and breakdown
yes
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 10:22pm On Jan 02, 2025
Lekison:
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.
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:
Please I need serious advice and breakdown
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:
Pls is it parapet or parafit or parafet abeg epp a brother
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:
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.
"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:
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.
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:
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, 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 or take it close to completion if the structure is to be built mostly within some of the northern states
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:
"70K per ton" remember.
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:
Dem don put knife for your neck self grin 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.
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:
Are they even still selling cement 8.5k anywhere in Nigeria?
Presently a bag of cement in Benin city is 10k
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:
I bought 9k from Onitsha last 2 weeks
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:
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
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:
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 Sugarboyy(m): 10:47pm On Jan 02, 2025
Skydivine:
With steady you will finish it. As long as you have enough to get the carcass done on the first phase .
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:
cabinet is relative and depends on size..a 3 bedroom flat won't have a very big kitchen if u are into furniture u should know that 1.5m will do a standard kitchen cabinet for a small bungalow...if it's a standard duplex of course the kitchen would be very large..it also depends on the type of wood..if u are using acrylic wood it will be a little higher than hdf wood..then the marble type 2...there is no month I don't deliver upto 3 kitchen cabinet...so it depends on size and type of wood
How much do you think will finish this kitchen

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 10:48pm On Jan 02, 2025
Sugarboyy:
But it will cost atleast 100m to achieve it?
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:
Yes. Or a little more.
😁😁😁😁
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:
How much do you think will finish this kitchen
Na my kitchen pic you they save without my consent? 🤣
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