COST of Building a House in Nigeria 2024 | Building a Duplex | Flo Finance
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- เผยแพร่เมื่อ 8 ก.ย. 2024
- How much does it cost to build a 5 bedroom house in Nigeria in 2024?
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My husband added a camera in the site and he sees all the engineer and workers do from Europe.
Nice
How possible is that
@@bukati0427
Very easy, you don’t know it doesn’t mean it won’t be possible.
Why do you use zoom to see anyone across the globe.
@bukati0427 It's very possible. With money many things are possible. It can be done with bunch of solar-powered cctv cameras mounted at every strategic area of the building, both internally and externally.
This is so nice
This is by far the most comprehensive presentation I’ve seen so far on building in Nigeria . Thanks for sharing your knowledge.🙏🏾
Flo, I have watched a tone of videos on building because I'm beginning to think of building, none has been as comprehensive and straight to the point as this. Thanks for sharing this
I'm building a three-story house in the Lagos Lekki area (two stories-Naija). I just completed the pile foundation, and I got stuck. The expense was staggering and unrealistic, as I live in the diaspora. If you ask me, it was just too crazy. I abandoned the project for my sanity for now. Perhaps I may resume after watching your video.
Its why you need a good quantity surveyor, to always estimate your project before venturing into projects, all those contractors go jst dey demand anyhow...well Goodluck
Please take it one safe stage at a time so you will get to the finish line in one piece. A housing project is not an easy one. More grease to your elbows.
If it is for a personal home go ahead when you can. But if you are building for rent or Airbnb forget about getting back the money you will use to build the house. A better option is to put that dollars in a high interest dollar account and it will grow through the power of compound interest. $31250 @ 5% annual interest will compound to $64966 in 15 years. $31250 (50,000,000 @ 1600 per dollar). If you use 50,000,000 to build and get 1,000,000 as rent a year. It will take you 50 years to get back your 50,000,000. And it won’t be the same value because of inflation , naira devaluation and maintenance costs over the years.
@@Norbert4ty5828You are very right even to get 250k rent from Nigerians is storytelling as soon as you get the initial deposit you can’t get rent afterwards.
@@Norbert4ty5828 So, after the 15 years interest that you have accumulated, what will you do with the money?
Flo my sake, you're an epitome of an all-around efficiency. You're a really genius. You're a true reflection of what ur name means, light. Your video is a masterpiece, quite educative, an eye-opener, informative, and insightful. Keep the ball rolling
Trust Flo, she is an engineer. Kudos to you, Flo. You don't know how many people you are helping with this video. - I am one of them.
Kai! Flo you are just a super woman. Just 3minutes into this video and I'm already loving it. I like the concept of safe stages you mentioned.
I'm glad you enjoyed the video. Thank you!
Thank you so much... I haven't built a 3 story in Nigeria, just bungalows and 2 storeys... but I like your detailed Excel sheet analysis. I'd look at more videos. Keep your swaga gingered. 😊
Flo my sister, I do enjoy watching your videos as they are very educative. Despite your busy schedule, you still make out time to do all these research and help a lot of us that are in diaspora. Thanks Sis.
I appreciate your recognition of what it takes to put these videos together. ❤ Thank you. ❤
Your calculation makes sense and presentation is on point. I like as you said skeletal part of the house. Thank you for a job well done.
Thank you very much my sister, this video is really going to save me a lot of money as I now know the exact cost or at least the approximate cost of these materials. This will help me and my wife in the project we are about to start in Owerri.
Granites are better because they have no sand at all. So it is stronger for concrete mix.
Great point. 👍
You'll still spend 2 to 3 times that amount before the house is ready. If you want a modern house.
Impressive presentation succinctly put A million tnx Flo. I contacted Mr John the Screeding guy through your presentation.
Well done!!! the information in this video is priceless. Surely will save me from getting ripped off. If you document the additional details to finish the house i.e. plastering, toilets, lights, cabinets, all other internals etc I would certainly pay for that information. Thanks!
Flo, you did well in this video, congratulations! I have been into what you are describing here continously since the past 15 years; there is reasonable underestimation; above all you should have pushed in the cost of labour using one city or average of some cities... Presently the cost of labour for the house you are describing will come to an average of about N4.5M for that stage. I apploud your effort. From my recent calculations/experiences, putting up the house you are describing, to the roof cover stage in the SE, Owerri in particular, will cost about N40M!
So, congratulations on the presentation!
Thank you. ❤
Well done Flo, do you work outside Lagos like Oyo/ Osun ?
Sorry you're not Flo,
Can you work in Oyo/Osun State ?
Mr Peter please I need your contact in view of this recent costing .
@@FloFinance please can I also have contact for construction purposes.
My dear, thank you for all the efforts you put into bringing this information to us. I just got a crazy quote from my cousin that threw me off balance. Your videos are always enlightening and smart. You are appreciated.
❤❤❤
Now when you build through a family or close relative, it will be more. I believe this projection. Well done ma !!!
Lol...as a construction Engineer, I can tell you for a fact that the cost of raising a structure is mainly dependent on the type of soil as it determines the type of foundation to be done (deep or shallow), if it's higher that a storey building, you most certainly need to do a soil test to analyse the load bearing capacity of the soil. You have to also do alot of paper works, if it's an area where youths and community disturbs, you'll pay money. It's alot sha....if you wanna building a house like this these days , set aside 50 to 70 million naira first or simply take the project in milestone fashion, budget what setting out to dpc would take, relax and gather again, then prep for dcp to decking...just like that. Remember too that labour charge has increased based on the present Economic situation.
Exactly
Spot on. Construction costs in Nigeria varies with the area, type of labour and the inflation rate.
Nigerians like to call what you showed us "parapet." However, it's actually called a "concrete facia." A parapet in the real sense of the word is when the wall extends above the roof and forms a balcony or roof gutter, as the case may be. This comment should in no way detract from the wonderful work you're doing to educate us on building projects.
hehehe, the same way we call a detached house duplex. 😂 Nigerian nomenclature will spin one's head around. This is a case of if you can't beat them, you join them else there will always be communication breakdown on site. I don correct taya.
Mydear this is beautiful please keep doing this , yes i must build that house this year in Jesus Mighty name Amen
I see professionalism in this video. Good job.
I like you, you give detailed breakdown. You remove the myth of building a house.
No wonder some buildings fall due to use of substandard materials. Some people don't have patience to wait for 20 or more years to recover their investment in a building for rental.
I must build that house this year!
Amen 🙏
The year already done finish, how you wan take do am
@@Orangelover231na ritualist na
Honestly,she is fantastic in her presentation
omo! dis lady sha! she sabi alot oooo!!! Kudos Flo!!!🥰😍🤩😘
Honestly!!! Even with her busy schedule in the oil industry, Flo nne, jide k'iji!!!
This is lovely.
As a structural engineer, this is well basic for anyone who wants to delve into building for sure.
We can ensure you a cost efficient safe structure if you want to delve in into your new building.
This was very helpful thanks, I notice hardwork and excellence in your contents
Thank you.
Thanks for your technical details , 11:49 you have a good command of your profession. Keep up the good work
I think it depends on where you are building your house. Land alone in my area in Lagos now costs between #30,000,000 and 50M, that’s just the beginning, the paperwork also are in stages, by the time you finished with the Paperwork, you are talking of another Millions it depends on the type of house you are building and your area. To build in the Village is the best. I don’t regret building in Lagos at all but I am telling you the truth, it is financially draining and very expensive and stressful. When I started, I thought it an easy thing until when I started, in fact, I can boldly say that it’s God that finished the house. It took me three years to finish the two story building but the end is Wow!!!❤❤❤
Building a house is not an easy process
Good thought. But building in Lagos is a better investment than building in your village. If you decide to sell the house, which location do you think will give you a return on your property - village house or Lagos house?
Building a house in Lagos is not so cheap like in the village. Omo onile alone is something else,even that your total estimate is not up to a plot of Land in some area in Lagos
Pls Flo do you have builders in Nigeria that you can link me with them? I have a land that I want to start building by December
@@bodeade21not these days…depends on your ethnic group
We can also say miscellenous is the cost for labour. Thank you for this information. This will come in handy for me when I want to build.
can you please do a video for an estimate for the remaining finishing, just with basic minimalistic materials so people can have an idea….
Hello Flo. God bless you for what you do. It has given a big understanding of building homes.
I'm correctly building 2 x twin terrance home with 2800sqft each. Foundation to DPC was recently completed. putting
This very is powerful Flo. How about the labour cost? I don’t think you covered it
I said why I did not in the video. Always watch my videos till the end else you will miss important information.
Great video, very informative. I think videos like this should be updated or done every 5 months since prices are not constant.
Overall, great job. Keep it up
Awesome job for providing very important and useful information 👍. My father a senator in first republic unwisely built one of these mansions in the village and we hate going to the village because we whole day clean dust. And this includes maids and cooks helping and these days no one goes to the village except 2 a year or when a close relationship dies. As an architect when I tell people our experience and to build a small villa they don't agree and think I'm envious. Today we have mansions everywhere in the villages with over grown weed. In my humble opinion this is waste of resources hard earned money.
Someone that thinks like me. I wanted to build a 5 bedroom duplex in my village but due to the fact I live outside Nigeria I've decided to build a 4 bedroom bungalow with penthouse. My dad always use to say building a big house is one thing, maintaining a big house is another thing.
@RecklessAbandonZ 4 bedroom bungalow with penthouse you say? I bet you the cost of yours won't be far off from the cost of a 5 bedroom house.
@FloFinance Really? I'd say just decking the house alone and the finishes will make a significant difference in prices.
@RecklessAbandonZ let's leave finishing aside because in both cases, it depends on one's taste. For just the skeletal part ... because you have everything on the same floor, that your bungalow is surely bigger than the ground floor of this house. That's how your roof will also take more sheets than this one.
Then that your penthouse will need a decking, stairs, no? 😂😆Leave matter. I have seen several times where people wanted to build a bungalow thinking it will be cheaper, by the time they see that there's not much difference between a bunglaow "of their taste" and a storey building, they kukuma built a storey building. People tend to overcompensate when building a bungalow thereby adding to the overall cost.
@FloFinance Wow thanks so much. Thats why we appreciate what you do.
Nice video, the location definitely affects the Labour cost also the Design of the house as well, I believe there ways to handle house designs that will help to save some money while building in Nigeria. Kudos to you I love your analysis.
This is 100% encouraging I swear
Flo 🥰
I really don't know what to say. I am just speechless 😭🙏.
Thank you very much for all your informations and true sincerity ❤🙏❤.
May God bless you and your family always, in Jesus's name, Amen 🙏.
Bless you too. ❤❤❤
Thank you so much for this enlightening video. You are a genius in this field
This is my first time coming across your psge/video. I must say I found it very educative and informative. Thank you so much. ❤ from Chicago.
Thank you for this detailed video about building. Aunty Flo, always coming through ❤
Thanks so much ma.... funny enough I just watched the video u made 3 years ago regarding same topic yesterday... we love you so much and your amazing and educative video
Thank you for your channel. It very informative and I wish you all the best of luck in all you do.
We built a 4 plex in an area right outside Abuja and have tenants in 3 and have our side locked.
Nice presentation. But costing a buiding projects without consideration of cost of labor etc can be misleading. Those are one among the most important factors in a projects and should not be avoided.
Labour in lagos is different from labour in Ondo or Kogi or Imo so it can’t be quantified as such in a short video
Your observation was identified by the content creator. It is down to each person to consider the Labour charges in their specific area. Plus this is just a guide. The more reason why you must do your own research. It isn’t misleading in any way. @@rewindnaturewithnatureagel8738
Evening, 31m omo..we never add finishes, painting, plastering, POP.. this our generation go long oo
Screeding ,Doors ,windows ,electrical wiring ,plumbing and more 😅
@@KingajetunTiling, borehole, various permits
Hm, we should be looking at over 70million here
Finishing will take 5x of the 30m. Quote me anywhere
Thank you 💕 so much for your information, kindly help with the cost of building a two bedroom flat in Nigeria presently.
Thank you
Flo, hope you are doing well and enjoying home.
Amazing content. You got a new subscriber today
Thank you so much Omalicha!😊
You never disappoint me.
I’m happy to be your fans! Keep up the amazing work.❤👍
Nice video. But I think you may have underestimated the quantity of 12mm rods for the project. Most engineers I contacted have estimated between 120 and 135 12mm rods for the foundation to DPC of a 5-bedroom duplex.
Please advise 🙏
I totally enjoyed listening to you. Very clear and conprehensive.
U are best ever.good and reliable analysis from big sister
❤❤❤
Thanks Flo, just tumble on your video this afternoon and it's really helpful ❤
This estimate only applies if you are not building in a waterlogged area. Foundation alone will cost you close to 7M+ if you are building anywhere on the island
Great explanation. Thank you. It is still incomplete.
Awesome content!!!
Thanks for the insight
Labour costs, logistics, cost of loading and off loading trucks, omo onile tax in the neighbourhood for allowing your trucks to pass, cost of pipe work and plumbing, electrical material costs, soak away? Drainage nko? Cost of borehole? Before we start finishing and discussing windows, gates, doors, ceiling boards, fitting and fixtures, etc. Omo, these numbers are very, very, very conservative.
Interesting how you build there. God bless you for giving information to others. Thanks
Those 16mm at 17,000 naira, most likely 12mm if you measure its diameter with calliper. So much building collapse by thinking that what those rods are called is what it is. No.
Very few measure diameter and strength of rods.
Many engage quarks and end up getting a non durable house, or a total collapse.
So is also the 12mm, which most likely would be 10mm when measured.
Standard control is an issue.
Before someone can actually determine the proper cost of a building, there must be Architectural, Structural, Electrical and Mechanical drawings.
Structural drawings is the backbone of building safety and stability.
The same square meter of a building can cost double or triple, depending on soil conditions and quality of build.
can 20 18 and 16mm rods be used instead ?
Big Sis, you finished work in this video. God bless you BIGLY.
Bless you too sis. ❤
This is the first time I have been watching your video, and I love it. Your video ginger me to build another house more in Nigeria. Keep it up, and l have also subscribed to your TH-cam video. Remains blessed forever.
Bless you too. Thank you.
Labour cost was largely omitted in this video, and building cost is related to size of the home. I will advise to go a bit modest or speak with your Architect on cost implications for your design.
I have missed you online Flo sup and congratulations
Great job Flo. Thanks for letting me know what I'm going into ❤
Flo after watching your videos, I think i need to resume my abandon project.
Ada oma ndi igbo @flo may almighty God bless you 🙌🙏❤️
This is really helpful, thank you very much
NICE ONE 👍good work keep it up❤
This is amazing 🤩.
Keep it up, I'll definitely reach out to you for more.
Very insightful! Than you very much Flo ❤
You are simply amazing. Thank you Flo Finance ❤
Thank you for the video. Please you didn’t include the house wiring. Could you make a video about the cost of wires and wiring for a duplex? Thank you
Nneoma Daalu ! amazing usable presentation always .
Have you considered quantity surveying ? I think you would be great at it .
This is a modest estimation ooo, i am building a bungalow in Ondo state but i have spent way more than what you estimated, essentially on the parapet. The Parapet alone cost me way more than what you estimated.
Sometimes people underestimate bungalows when it comes to cost. Depending on the number of rooms yours has, your bungalow is probably way bigger than the ground floor of this house because you have everything on the same floor.
For the parapet, if you are building a never seen before design, your cost will be higher. Again, depending on the number of rooms, the perimeter of your house is probably bigger than this one. This is for a simple parapet and based on reusing some materials.
Also, your total so far includes labour costs and transportation of materials which is not included here.
It's not easy, more oil to your lamp. 👍
Thanks Flo....this is very enlightening
Always on point with your explanation in your contents❤️❤️🙏🏽
Good video I really enjoyed it keep it up
Nice work Madam. But update this prices as Nigerian materials cost rises on daily basis. I thank God I decked my house before Tinubu entered power lol 😅
This is very beautiful. Very informative. I can't wait for that of a four bed house. That you for your beautiful work always
You will see it shortly.
Great job. Thanks and keep it up.
I wanted to give you a thumbs up, but you said "a huge thumbs up", can someone tell me where I can do that? 😂😢😮
Thanks a million for this video! you just earned your self a new subscriber and fan
Thank you for sharing this. I really appreciate it.
Thank you Flo
I appreciate you.
I didn't see a garage on the list. I believe the weather all year around is nice, so why not build a rooftop deck on top of the house?
🎉 you've just gained a new subscriber
Thank you, Flo, for your detailed analysis.
Superb presentation as usual 👍🙌💪
Thanks for sharing 🙏
Thank goodness I stumbled upon this videos 👌👌
Thank you able Flo for your enlightenment 🎉❤
Very Informative. Thanks beautiful sister👍
Flo, you should become a project manager for Diaspora
😊
Nice video.... electrical piping needs to be in the decking session
Thanks my sis God bless you am buying the iron rods now dalu
Thank you so much I enjoy watching your video
Deeply informative.