₦airaland Forum

Good evening, I saw this question online. Can someone earning 600k per month build a house in Nigeria??

People earning less than 200K per month are building also not to talk of the whole 600K.

madridguy:
People earning less than 200K per month are building also not to talk of the whole 600K.

How bro, that is impossible bro. Do you know how much they are selling building materials now?? Hope you know one bag of cement is now 12k or are you playing

If civil servant with lower salaries are building, what's your excuse?

Englishisamust:
How bro, that is impossible bro. Do you know how much they are selling building materials now?? Hope you know one bag of cement is now 12k or are you playing

no even reason the guy. He Dey somehow

lordm:
If civil servant with lower salaries are building, what's your excuse?

maybe on loan!

If you invest with part of the 600k monthly, you can do more than just building a house

lordm:
If civil servant with lower salaries are building, what's your excuse?

May be loan, it is not possible with current situation of Nigeria

Are they not paying back the loan from that same low salary?
If you cut your coat according to your size. Then you will build

Englishisamust:
May be loan, it is not possible with current situation of Nigeria

They repay with their salary as well na .

muyico:
maybe on loan!

madridguy:
People earning less than 200K per month are building also not to talk of the whole 600K.

whining at it peak.

Englishisamust:
How bro, that is impossible bro. Do you know how much they are selling building materials now?? Hope you know one bag of cement is now 12k or are you playing

If you reason the cost of building materials you will not build a house. I built my first house with a salary of #120k monthly, though it took over 4 years. But in same condition I will not try that again.

Building a house should not be the first target if you are earning below #1m monthly, and not doing a government job, not because you can't build a house with such pay. But because there are better alternatives that will give you good returns than owning a house.
You should focus more on investing in yourself (skills, business)

Jakarta:
If you reason the cost of building materials you will not build a house. I built my first house with a salary of #120k monthly, though it took over 4 years. But in same condition I will not try that again.

Building a house should not be the first target if you are earning below #1m monthly, and not doing a government job, not because you can't build a house with such pay. But because there are better alternatives that will give you good returns that owning a house.
You should focus more on investing in yourself (skills, business)

Okay I get u boss!!! Thanks for your contribution

Depends on type of house. Then "akawo" might be very helpful too

Englishisamust:
How bro, that is impossible bro. Do you know how much they are selling building materials now?? Hope you know one bag of cement is now 12k or are you playing

Englishisamust If you follow this thing called discouragement from this person wey need brain, you won't build...

Most times it's better to ask Chatgpt something than to come and ask here for people like this to discourage you.

Use the prompt below on Chatgpt and get your desired answers of 90-98% accuracy...

Prompt

Assuming I already own land in Nigeria, can a monthly budget of ₦600,000 realistically build and complete a standard 3-bedroom house within 1 year? Please provide a detailed cost breakdown covering foundation, block work, roofing, electricals, plumbing, finishing, labor, and other miscellaneous expenses based on current building costs in Nigeria in 2026. Also suggest the most cost-effective building strategy and indicate whether the budget would fully complete the project or only reach certain stages

Some questions are somehow self...


Can someone build a house with 600k people's responsibilities differ. A person can be earning that amount and have a family of 6 with more responsibility and another earning same amount but single and with very little responsibility.



Obviously, both of them won't have the same amount of resources to channel into other activities like building a house.



Also scale matters when you say building a house.... a 1 bedroom apartment is a house, a 6 bedroom mansion is also a house!

If easy to secure mortgage facilities were available in Nigeria, YES. Without a mortgage facility, NO.
Without a mortgage facility it may take you like 12years to complete a three bedroom bungalow while committing 300k monthly to the building project.

A person collecting such amount can build a comfortable bungalow within 2 year.

lordm:
If civil servant with lower salaries are building, what's your excuse?

This was years ago and not this current period.

I'm telling you. Even now, they are building

Krak:
This was years ago and not this current period.

Orinechi:
A person collecting such amount can build a comfortable bungalow within 2 year.

How bro 2 years!! I seen you don’t know 600k no get value again

What do you do that pays you 600k a month?

Fine, fine, it's just a matter of time

lordm:
If civil servant with lower salaries are building, what's your excuse?

They are not building guy, they were building. Tinubu has made it impossible now.

As how noww ?


For Bulaba and Dangote economy?

Yes. Very well. You just need to have a plan and stick to it.

Yes you can, depending on your responsibilities and location you want to build.

Yes Depend on the area and how disciplined u r financially

Yes
But it depends o


Because assuming u save/invest 50 percent (300k) on ur project it will take u atleast 10yrs to build a bungalow or 2 flats of like 40m

But if na say big duplex or block of 4 flats of say 100m na like 25 yrs of steady 50 percent saving

Yarimo that’s earning 30k naira monthly is getting things on a subsidised basis, he’s even planning of starting a building project with his 30k naira monthly stipend

Unless village people dey follow u.... U suppose build house..... 600k per month is like 7.2m annually.... So let's say all expenses take like 3.2m annually or 3.7......you're left with 3.5m.....with consistency in savings, u can either start a business that can help u gather funds to build a house or save in 3-5 yrs to build one yourself.....

Yes

But with no time line...

Meaning, it might take you years to finish..not once