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Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? - Properties (11) - Nairaland

Nairaland ForumNairaland GeneralPropertiesCan ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? (42615 Views)

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Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Cashio(m): 9:55pm On Jan 04, 2025
MasterJayJay:
Why didn't you use Gold to design the floor?

Practicing bla bla bla.

Most of the things you listed have cheaper alternative.
you're a fooool. I thought you were sensible enough to be given attention. Get lost and go use 500k for your duplex. Person wey never price bag of cement before go come dey get opinion for issues on building construction. Body go tell you when you start.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by MasterJayJay: 10:06pm On Jan 04, 2025
Cashio:
you're a fooool. I thought you were sensible enough to be given attention. Get lost and go use 500k for your duplex. Person wey never price bag of cement before go come dey get opinion for issues on building construction. Body go tell you when you start.
Thieves inflating prices like corrupt polithievians.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by odimbannamdi(m): 10:30pm On Jan 04, 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....
Good points here, bro. Please, are you experienced in building houses with flat roof where one can relax on in the evenings and hand solar panels using pipes to act as shade?
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by darc: 7:48am On Jan 05, 2025
odimbannamdi:
Good points here, bro. Please, are you experienced in building houses with flat roof where one can relax on in the evenings and hand solar panels using pipes to act as shade?
Nice idea, its workable. you can contact us for the Architectural Designs.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Lekison(m): 9:55pm On Jan 05, 2025
motta:
guy go price materials na that time you go know.
for house wey I dey build on a steady? grin
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by sommerfeltservi: 9:12am On Jan 06, 2025
VaginaAcademic:
Please I need serious advice and breakdown
For your building construction project, Bill of Quantity( *BOQ *or Quotation chat a professional on 08099212590 note BOQ attract a token charges for you to get the accurate Labour and Materials Cost of your Building project thanks in anticipation :Note Serious Customers only . This will certainly give you materials cost and Labour cost
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by kkonsults: 6:19pm On Jan 08, 2025
VaginaAcademic:
Please I need serious advice and breakdown
You can Contact us for Your Architectural Drawings and BOQ
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Mirasteel: 5:54am On Jan 18, 2025
highchief1:
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.
Ignorance
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by charlsecy(m): 3:09pm On Jan 26, 2025
highchief1:
duplex standard 180-200m.
You don't need that much.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 3:30pm On Jan 26, 2025
charlsecy:
You don't need that much.
so what u spend on ur duplex is what jowizaza will spend on his duplex even tho it’s same size.the way una Dey talk Dey tire person.in this life,there are levels to everything.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by charlsecy(m):
highchief1:
so what u spend on ur duplex is what jowizaza will spend on his duplex even tho it’s same size.the way una Dey talk
How wise you are that jowizaza is a representative example! It's actually ignorant to say a regular duplex costs that much. N60 to N70 million is Ok for a 6-bedroom duplex.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by highchief1: 10:27pm On Jan 26, 2025
charlsecy:
How wise you are that jowizaza is a representative example! It's actually ignorant to say a regular duplex costs that much. N60 to N70 million is Ok for a 6-bedroom duplex.
which kind animal be this one.That 70m never reach some pll finish their duplex.go use 4m build your own na.House get grade
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by TornApart:
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
Lets investigate this costing:

1. The foundation trench you are excavating for a typical 3bedroom flat is roughly 88m.
So looking at this item
Excavation for Foundation: ₦700,000

it means you are excavating 1metre of the foundation trench for about 8k!!! Haba!

2. Let's try the cost of block-wall
Wall Construction (Blocks, Mortar, and Labor): ₦8,000,000

the length of the foundation trench is around 88metre see sample in the attached
The number of blocks required for a typical 3bedroom would be
(88/0.45) = 195.5 (each course of blocks)
Foundation (3 coach)
up to lintel (9 coach)
up to roof beam (3 coach)
in summary 195.5 x (3+9+3) = 2933.3 blocks
Note that I did not remove door and window spaces. I left that to account for bad and damaged blocks

You need about 1bag of cement to set 50blocks so the number of cement for block setting
2933.33/50 = 58.66 bags
price of cement is around 10k/bag, blocks is around 650h/block
So for block setting minus sand, water, transport and labour you need
2933.33 x 650 (blocks) + 58.66 x 10000 = NGN2.49m
We have covered about 70% of this cost for blocks and cement yet the poster is budgeting NGN8m for this

3 Also for POP ceiling it is roughly 12k/sqm
Ceiling Work (POP or PVC): ₦1,500,000
11m x 11m x 12000 = NGN1.45m

4 Also for tiling is roughly 12k/sqm
Tiling (Floor and Walls): ₦3,000,000
11m x 11m x 12000 x 25% for walls and skirtings = NGN1.8m as against NGN3m!!!


Verdict: This bill is highly overpriced!

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by 10kgod(m): 4:26am On Feb 23, 2025
An idea cost for pop of 3 beds is needed.
The building has anteroom and each bedroom has its toilet.... Thanks you.

I would like to also know how much the artisan do charge like per day or for full building because the fund on ground isn't that much.

Location is south west.... No Lagos and Ogun states estimations
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Nobody: 11:11am On Feb 27, 2025
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.
🤔
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by sommerfeltservi: 10:26am On Mar 01, 2025
10kgod:
An idea cost for pop of 3 beds is needed.
The building has anteroom and each bedroom has its toilet.... Thanks you.

I would like to also know how much the artisan do charge like per day or for full building because the fund on ground isn't that much.

Location is south west.... No Lagos and Ogun states estimations
Chat me on 08099212590
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by SmartRetailApp(m): 12:11pm On Apr 05, 2025
We have good and reliable lands in Ibadan both farmland and residential. Hit me up 08068506972
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Nobody: 11:24pm On Jun 11, 2025
Sugarboyy:
45 blocks for a bag of cement is not advisable.
It should be 35 or highest 40 blocks
I am building one now and my plan is 30 blocks maximum per bag of cement

to all of una wey dey say 50m too small. how much be full house wey them don build finish plus the plan for ajah an? make un dey calm down
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Nobody:
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.
what you are building is a roof. whe you spend almost all the money on roof just because others are doing same, you will come and be screaming in chat. .

e be like say bomb dey una head. una go dey scream money wey una never see before.
see people selling houses plus land in lagos for less than 30m

Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Nobody: 11:47pm On Jun 11, 2025
osazsky:
50m can't build 3 bedroom but go online u go see beautiful 3 bedroom that the owners want to sell for 32million still negotiable self..make una rest....with land inclusive o
no mind these olodos. an exactly wetin I type before I see this comment.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ibechris(m): 8:23am On Jun 12, 2025
post=133552441:
Builders, kindly let us know.
We are very interested in this.
Thank you.


Thanks so much for this.
We will look into this too.
This one ran away from politics section and see him...he has turned PA to builders.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by lajidson(m): 7:34am On Jun 23, 2025
Which area and stage of construction are you please?
Sugarboyy:
I have currently spent more than 30m in my new 4 bedroom bungalow, and it seems I'm just starting 😭
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by rhymz(m): 7:48am On Sep 17, 2025
Reading alot of the comments here and I just dey laugh, whoever is talking of building 3 bedroom bungalow from foundation to finish with good finishing for 50M never enter market price building materials.....

I am currently building my second house in Owerri, imo state. It's a 4 unit of 2 bedroom flat apartments with all room ensuit with toilet and bathroom, I am still on foundation stage and I have already spent close to 10M already, labour inclusive. I know by the time i get to the german floor, I probably would have spent up to 13M plus engineers fees.

Anyone talking about them supervising the building of their own house when they are not a building engineer is going to waste money because they will make so many structual errors that they will eventually have to correct later and it will cost them so much money that they will regret it.

The best thing is to have a working arrangement with the engineer, give me an estimate of what you need, if you like you can go to the market to buy them yourself or let the enginner do that but don't ever assume you will be the one deciding how much cement, sand iron rods are needed for concreting, blinding and casting or the type of foundation needed for your soil type or the amount of columns and beams necessary....let the engineers do what was designed in the drawings.

Also, i read somebody say they can mould 50 blocks from one bag of cement, na sand blocks you go end up with....

For my foundation, I moulded 2000 blocks with 80 bags of cement, and I told the moulders to use 3 wheel barrows of sharp sand for one bag of cement and that gave me between 28 and 30 9" blocks, very solid blocks. I will do thesame same when am i going to mould 6" blocks and my expectations is between 30 and 32 blocks....

Moulding your own blocks is far more cheaper and you xan control the quality of the blocks being moulded.

Anyone thinking of building a 3 or 4bedroom bungalow house now in Nigeria with good finishing, should be looking at between 75M and 80M cos things are so expensive, that's outside of Land, approval, documentation and omo onile payment you will have to make especially if you are building in the city or suburbs in any nigerian state, you will encounter omo onile payments like crazy....in my own case, the location is Redemption Estate in Obinze along Owerri Portharcourt road, i have paid up to 2M in the settlement of omo onile, and this is insideband estate o, that one no dey for building approval of almost 2M with OCDA and Imo Housing....as I speak, I have just been informed that I am to pay another 200k phase3 estate development levy and 60k security levy.....so even the 80M sef is for when you are building in the village where nobody will disturb you for frivolous payments or government agency money.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by rhymz(m): 8:22am On Sep 17, 2025
yad2eidi:
what you are building is a roof. whe you spend almost all the money on roof just because others are doing same, you will come and be screaming in chat. .

e be like say bomb dey una head. una go dey scream money wey una never see before.
see people selling houses plus land in lagos for less than 30m
Last last person like you go buy house with serious court case that will end up giving you high blood pressure, you can't buy a piece of land in that same ijegun for that amount, you fey take Jiji price dey argue reality that many people who are actually building engineers and house owners are telling you is not possible. I lived in Bucknor for several years, I know how much a piece of land is in that area, Bucknor is from 60M up and Ijegun is like 40M up, anyone telling you they will sell a finished bungalow to you for 29M is going to dupe you or is not even the owner of the house....better know wetin you dey argue
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ibechris(m):
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%.
Keep the lies coming.

Have u ever built before self.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ibechris(m): 4:52am On Sep 18, 2025
rhymz:
Reading alot of the comments here and I just dey laugh, whoever is talking of building 3 bedroom bungalow from foundation to finish with good finishing for 50M never enter market price building materials.....

I am currently building my second house in Owerri, imo state. It's a 4 unit of 2 bedroom flat apartments with all room ensuit with toilet and bathroom, I am still on foundation stage and I have already spent close to 10M already, labour inclusive. I know by the time i get to the german floor, I probably would have spent up to 13M plus engineers fees.

Anyone talking about them supervising the building of their own house when they are not a building engineer is going to waste money because they will make so many structual errors that they will eventually have to correct later and it will cost them so much money that they will regret it.

The best thing is to have a working arrangement with the engineer, give me an estimate of what you need, if you like you can go to the market to buy them yourself or let the enginner do that but don't ever assume you will be the one deciding how much cement, sand iron rods are needed for concreting, blinding and casting or the type of foundation needed for your soil type or the amount of columns and beams necessary....let the engineers do what was designed in the drawings.

Also, i read somebody say they can mould 50 blocks from one bag of cement, na sand blocks you go end up with....

For my foundation, I moulded 2000 blocks with 80 bags of cement, and I told the moulders to use 3 wheel barrows of sharp sand for one bag of cement and that gave me between 28 and 30 9" blocks, very solid blocks. I will do thesame same when am i going to mould 6" blocks and my expectations is between 30 and 32 blocks....

Moulding your own blocks is far more cheaper and you xan control the quality of the blocks being moulded.

Anyone thinking of building a 3 or 4bedroom bungalow house now in Nigeria with good finishing, should be looking at between 75M and 80M cos things are so expensive, that's outside of Land, approval, documentation and omo onile payment you will have to make especially if you are building in the city or suburbs in any nigerian state, you will encounter omo onile payments like crazy....in my own case, the location is Redemption Estate in Obinze along Owerri Portharcourt road, i have paid up to 2M in the settlement of omo onile, and this is insideband estate o, that one no dey for building approval of almost 2M with OCDA and Imo Housing....as I speak, I have just been informed that I am to pay another 200k phase3 estate development levy and 60k security levy.....so even the 80M sef is for when you are building in the village where nobody will disturb you for frivolous payments or government agency money.
There is simply no reasonable points here. U are just exaggerating it.

How can u compare a flat apartment with a Bungalow, una well at all?

Taste differs.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by tymicjay77: 9:37am On Nov 13, 2025
odimbannamdi:
Good points here, bro. Please, are you experienced in building houses with flat roof where one can relax on in the evenings and hand solar panels using pipes to act as shade?
Sure, it actually depends on the plan.if the plan create space extended slab , definitely you can have a resting couch and space for service tank or even to hang your solar panel. You can also use your solar panel to cover the roof space(Temporary), there is permanent installation of solar panel on the roof, but that will require a durable roof solar panel ( tho expensive but it actually eliminate double layering i.e roofing and also placing solar panel)
It all depends on your choice and budget ,a simple flat root with a resting couch space and rail is a beautiful sight to behold. Very possible I must say.( But for safety the height of building must be safer )
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by decatalyst(m): 4:42pm On Jan 05
ibechris:
Keep the lies coming.

Have u ever build before self.
Don't be unfortunate.

Social media is indeed a leveller. Hmmm
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by decatalyst(m): 9:23pm On Jan 24
ibechris:
Keep the lies coming.

Have u ever built before self.
Young man, no need to banter with you lots.

It is obviously most of you are disconnected from reality. When you enter market to buy these materials, you will remember this post.

Dem no dey tell blind person say rain dey fall, soo e go feel am.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by ibechris(m):
decatalyst:
Young man, no need to banter with you lots.

It is obviously most of you are disconnected from reality. When you enter market to buy these materials, you will remember this post.

Dem no dey tell blind person say rain dey fall, soo e go feel am.
U guys should just rest this year and stop the lies.
Re: Can ₦50 Million Build A Modern 3-Bedroom Bungalow With This Current Inflation? by Solidex(m): 9:54pm On Jan 25
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.
Window 🪟
Doors 🚪
Plastering
Artwork
POP
Tiles
Borehole (tank, tank stand)
Piping
Plumbing
Furniture
Soakaways
Screeding
Painting
Burglary
Gate
Flooring
Wiring
Plumbing items,
etc

My brother, 50m won't build it.
You should be looking at 65-70m.
I can't stop laughing after seeing this post..
If you are 65 to 70m should be budgeted for a 3 bed rm bungalow, excluding the cost of the land, then how much should one earmark for a duplex.
I think you exergerated in your analysis, and this could further cause phobia for some of us who are yet to build a house..
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