Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties (10) - Nairaland
Nairaland Forum › Nairaland General › Properties › Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (43275 Views)
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| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Danthemariner: 10:11am On Jan 03, 2025 |
If not that you monitored your self Expect to spend close to times 2 and you will be happy because the building will comes out beautiful unknowingly to that you have spent more than the actual amount lol highchief1: |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 10:15am On Jan 03, 2025 |
Danthemariner:it’s not my first house that’s why.nthg wey I no no for building.but my engr is a great guy. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ufuosman(m): 10:26am On Jan 03, 2025 |
decatalyst:15m will give ur good 3bed room |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ufuosman(m): 10:26am On Jan 03, 2025 |
Cashio:E don't know |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by seborrhic: 10:29am On Jan 03, 2025 |
leksymaxy:Your figure is spot on. The range,depending on taste qnd and location should be anywhere between 15m-20m. If the owner now wants to furnish the apartment with exotic or top class items,then thats where another 10-20m maybe added to the cost,but a standard,completed 3BR is within the 20m tops range. The issue is I don't even understand why they deliberately lie and inflate figures that much,though it's the norm with the average Nigerian. Some Nigerians will buy an item or property for say 1m,but will tell friends and even relations,the thing was purchased for 10m just to inflate their financial worth. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by seborrhic: 10:52am On Jan 03, 2025 |
Akinpresident:All those saying it won't are all thieves! I ask again if ₦50m won't,why are some houses in Lekki/Ajah being quoted at that amount? Don't be surprised, those quoting those highly inflated figures have started contacting the Op for the work,seeing they have seen an avenue to rip off someone and go build their own houses and buy a car |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by NairaMaster1(m): 1:04pm On Jan 03, 2025 |
Sugarboyy:You're very honest. Maybe they are talking about an uncompleted building. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by odimbannamdi(m): 1:26pm On Jan 03, 2025 |
kings59:Your post is encouraging and Insightful. Please, how do I reach you? |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by odimbannamdi(m): 1:38pm On Jan 03, 2025 |
Ynix:Helpful post! |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by odimbannamdi(m): 1:40pm On Jan 03, 2025 |
Jorussia:Was this 35m inclusive of interior Finishing? |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by odimbannamdi(m): 1:43pm On Jan 03, 2025 |
Sugarboyy:This is scary. But at what stage is your building now? |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by dipsx(m): 1:46pm On Jan 03, 2025 |
decatalyst:Certainly a joke. OP said modern 3 bedroom na and his analysis no fit hold water. Take for example doors modern 3 bedroom has atleast 2 exit doors, 3 room doors 1 kitchen door and 3 toilet doors, that is about 10 doors to say the least because it can get to as much as 12 doors. No need touching the other areas sef cos e no go work. Na just bare carcas and little addition u fit get |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by MasterJayJay: 1:46pm On Jan 03, 2025 |
NairaMaster1:Which honesty? If 50 million can't build 3 bedroom bungalow, then you need 1 billion naira to build 4 story building 3 bedroom apartment. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by odimbannamdi(m): 1:48pm On Jan 03, 2025 |
[quote author= post=133552450]@derailers, In advance, If you don't know about this topic, Please keep off and don't come waste the space professionals and sensible people will comment. We beg of you. Thanks in advance as well.[/quote]I agree |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by okalo(m): 1:59pm On Jan 03, 2025 |
kings59:Small pikin |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by tobby20: 3:31pm On Jan 03, 2025 |
Lekan239:You this lekan boy , you built one with what? Mouth abi U built one with your mouth Just dey play |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by topsy23(m): 4:03pm On Jan 03, 2025 |
Ynix:Your analysis on plumbing and Electrical might be wrong. Electrical cables are very expensive now... Check the below analysis for cables 1.5mm for lighting Red 5 Black 4 Green 1 2.5mm Red 3 Black 3 15mm green 3 4mm Red 2 Black 2 1.5mm for fence light Red 2 Black 2 2.5mm 2 10mm cable 1 With the above analysis, 2m will not be enough for electrical because pipes and distribution board is not part of the analysis above. Also, light fittings which is the final fix is not part of it too.. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Skydivine: 4:04pm On Jan 03, 2025 |
excessmon:Go back and read what the person I was responding to said. He was asking why a used old tokunbo Corolla is #7m. All I did was to help him with the details, which obviously he not aware of. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Prince29(m): 4:32pm On Jan 03, 2025 |
50m yes but 15m as specify by someone no no no |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Prince29(m): 4:35pm On Jan 03, 2025 |
]shut up tenant.[/quote]tell him he don't know the prices of materials |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Cashio(m): 5:20pm On Jan 03, 2025 |
Umuinyioku:He does not know what he is talking about. And so are you. I am a practicing architect and I will tell you for free that 27m cannot even do that project. I did a renovation of my dad's olden days four bedroom bungalow, just added two toilets and a septic tank, did parapet and stone tiles roofing, pop in the lounge and corridors, conduit piping, general tiling, aluminum glasses and china doors, etc and I spent 13.3m. As at that period, a bag of cement was 5500, now, a bag of cement is 9500. A length of 12mm was 5400 then, now is 8200. So my friend, you don't know what you are saying. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Mirasteel: 5:34pm On Jan 03, 2025 |
highchief1:I know someone personally that built a very good duplex for such amount and furnished with 15 million, 75 million Naira in total. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Jorussia(m): 5:42pm On Jan 03, 2025 |
odimbannamdi:It's inclusive of tiles,pop/fancy ceiling bathroom and kitchen plumbering,I didn't add kitchen cabinets.kitchen cabinets are going to be basic and I will accommodate it in the #35m estimate. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lekan239(m): 6:28pm On Jan 03, 2025 |
tobby20:oh sorry |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Umuinyioku: 6:43pm On Jan 03, 2025 |
Cashio:Hmmm Ok my brother. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 7:11pm On Jan 03, 2025 |
Mirasteel:keep quiet.I used Spanish tiles not aba tiles.only tiling alone took me over 25m.Do u think is what u spend on building Davido will spend.fear go let u buy one light 💡 2m.chandelier.Why do u think eveey duplex is a duplex. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by MasterJayJay: 8:17pm On Jan 03, 2025 |
Cashio:Why didn't you use Gold to design the floor? Practicing bla bla bla. Most of the things you listed have cheaper alternative. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Ynix(m): 8:57pm On Jan 03, 2025 |
topsy23:You are actually right at least considering inflation, but for a typical 3 bedroom flat the range of 2.5 to 4 should |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by topsy23(m): 10:08pm On Jan 03, 2025 |
Ynix:Depends on individual taste for light fittings, switches and socket. A client spent almost 3m to buy just switches, socket and light fittings in one of our on-going project. |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Free2Fly: 4:54am On Jan 04, 2025 |
Kavod: |
| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Free2Fly: 5:04am On Jan 04, 2025 |
Kavod:This doesn't look standard to you or you have a different definition of "standard"? This is just out of 3. The remaining 2 are residential buildings currently being worked on. They're all being built with TMT rods, dangote cements, normal sands, chippings, etc, by qualified builders who keep to the specifications on the building drawings. If you buy materials by yourself and monitor them directly or indirectly, you won't be spending outrageously.
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| Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by horlabiyi(m): 7:46am On Jan 04, 2025 |
Things are really cost presently in Nigeria but 50m can do it very well but depends on the location. Attached is the picture of my ongoing project.
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See This Modern 3 Bedroom Bungalow Architectural Design/building Plan/drawing • Can N30 Million Build A Business Complex? • Can 30 Million Build 6 Bedroom Duplex. • 2 • 3 • 4
DIY: Construction Of 3 Units Of 4-bedrooms Terraces [Surulere-I] • Tenant Sues Landlady For Refusing To Sell Her House To Him • When She Said She Want A Guy With A House And A Car. And He's A Civil Engineer.