NewStats: 3,263,952 , 8,182,061 topics. Date: Monday, 09 June 2025 at 01:36 AM 151b2z

Winters23:


This is one of the reason many are poor in this country...

Once they make their first money they buy land in a forest and start what they can't finish.

Money they could have grown gets buried in the ground just to belong to the "I dey build house" crew.

When I made my first millions many years ago all the advisers came out in their numbers telling me to buy land and start building, but I know that's not what I should do.

I ignored the bandwagon and kept working hard until I made my first billion naira.

I didn't have to buy any land to build, I went to the best estates in lekki and bought the best houses and I do whatever I want.

If you like tie your little capital down inside the ground and keep blaming the government for all your shortcomings in the future.

You have a point,

Started mine (4bedroom bungalow all-ensuite) in MAY 2020 with 500k cash.
But prior to MAY, I had bought 50bags of cement, 10pcs of 10mm rod, 3 iron doors, 17pcs aluminium slide windows. Stone 2 trips, sand 3 trips.
The truth is that before you start breaking the ground, you must have at least funds to pay for labour. Despite Spiking prices of materials, To God be the glory, we have done more than 80% of the work.
If you don't have steady source of income abeg forget building and hustle ooo. Building can make you look like you were duped.
I documented my project here on Nairaland.

I nEver build before
Just accumulating plots of lands for now

What kind of house did you build with e 6 million?

Americafighter:
I have 6million plus
Started 1&half month ago almost done now

GET THE MONEY FOR YOUR FOUNDATION AND KEEP ERECTING THE BLOCKS GRADUALLY

Winters23:


This is one of the reason many are poor in this country...

Once they make their first money they buy land in a forest and start what they can't finish.

Money they could have grown gets buried in the ground just to belong to the "I dey build house" crew.

When I made my first millions many years ago all the advisers came out in their numbers telling me to buy land and start building, but I know that's not what I should do.

I ignored the bandwagon and kept working hard until I made my first billion naira.

I didn't have to buy any land to build, I went to the best estates in lekki and bought the best houses and I do whatever I want.

If you like tie your little capital down inside the ground and keep blaming the government for all your shortcomings in the future.

I agree with you sir, it irritates me seeing someone building in bits , then rain will kill the who blockworks before completion. It is best to have a substantial amount on ground before kick-starting such a challenging and capital consuming project.

iamsuskay:


How??

don't investigate, na grace lol

Glistinin:
What kind of house did you build with e 6 million?

Nope I said that's what I have in my as at when I start


Have spend 12million plus and still not yet done

Like 3-4 m will do the rest excluding furnishing

4 master bedroom flat

Rubbiish:

You are poor if u are yet to build your own house! Have u been given an unexpected quit notice by a landlord? Have u been afflicted by a sickness whereby u can't do anything yourself?? U think u will remain strong for life? In civil service, when u are approaching retirement, govt will advice u to work towards building your house before retirement. U can tell me a car is not riches, but not a house. Every family man needs his own house!

Am glad you said it yourself that govt advice civil servants to build when approaching retirement and not with your first salary.

My point is same as above, your first money is capital. Capital is meant to be invested and not tied down under the ground.

Carmal90:


What area of tech would you suggest one can go to?

I am already on a fronted development stack.

Thanks sir

That's going to be something to do research on. I have a heavy hardware background before I went to software but quickly became a manager and was simply managing. I'm now retired and flee from anything that has to do with computer technology.

You should LinkedIn and Nigeria specific groups and just read for a while. Pretty soon you'll have a good idea of where to lean into.

Good luck.

Folorunsho15:
Well it depends. For me when I wanted to start building in an adron estate last year, I was told I had to get it to lintel in 6 months else I'll have to be paying monthly payments so had to get millions in before starting but still sha. Once you have a land and a steady source of income then you should start because that's what will motivate you to keep pushing. If you don't start you won't push yourself and plan financially

Exactly!

God should help me.. even as am 28yrs..I don't have 1k in my ..not to talk of having a job... God please help me through

I just buy and build whenever I feel the money can erect a moderate building. As for the amount, no specific amount.

For those who intend having a property in AYOBO-IPAJA, idimu

I have one for sale.

https://nairaland.unblockandhide.com/6917216/property-sale-ipajaayobo

Nothing

zeenaman:
Is there a specific amount one must possess before initiating a building project given that one has a land already? Or is building something one can start small?

Mine sounds funny, Started with not up to 100k but today my house is worth not less than 10M.

Only God’s Grace made it possible

Britishcoins:
If you don't have stable income or farmer don't start building, especially in township... some do empty their capital in the process of building House...
Just finished My village house, starting my project here at Oyo soon but the way Nigeria is divided, I don't want to lose My property in case.....

Where are u?

figure007:
your mum is a good mum same as mine ... So also dad... They pushed me to start something before marriage and it worked ... Hmmmm house building is just with the help of God if not,it's not easy

Have u marry now?
Did u finish it before u marry?
How much did u have beofr u start?

NNPC standard AGO (Diesel) in metric tons, well as crude & PMS(Fuel) AVAILABLE for supply at the best prices, Nationwide .call/Whatsapp the number on my signature if you’re interested

Lexusgs430:
No money to buy land, not to talk of building house ......

Werey

[quote author=donforeign post=111941550]

thanks for the advice, i am in edo state but i don't know of any coding school here, i would love to go and learn. the thing is i will still love to travel to australia because i am tired of nigeria, wont lie. i dnt have any agent that can help, i would have started d process.

You don't need to pay any travel agent, before you successfully process your Visa. Check the Nairaland Travel Section, all the information you need to relocate to any Country is loaded there

Most of these travel agents haven't even boarded a plane before

Like 70k though she had bought blocks

U can start with anny amount, 50k, 80k, 200k etc

Buy the block little little and Start building it

U cann starrt eiith foundation

Like 70k though she had bought blocks

U can start with any amount, 50k, 80k, 200k etc

Buy the block little little and Start building it

U can starrt either foundation

Winters23:


Am glad you said it yourself that govt advice civil servants to build when approaching retirement and not with your first salary.

My point is same as above, your first money is capital. Capital is meant to be invested and not tied down under the ground.

I agree with u but u can also loose the capital in the course of trying to multiplied the capital.

[quote author=cdor777 post=111943045][/quote] i have checked the australia section, all they have is school visa.
i only have ND and i don't know if that will work for australia. I will be glad if you can be of help, thanks so much.

Truth be told I started building out of emergency because the land I bought for like 3year fell into a dispute (long story) , so govt was to take undeveloped plots. Had less than 350k in my , thanks to my neighbors that had already erected fence so mine wasn’t that a work, well long and short is that I now called the site my hobby as I turned site engineer long and short na interior we Dey now after 2 and half years .

Meteng:
I’m expecting 300k any moment from now. I’m emptying it into starting the process.

please don't start unless you are sure to keep getting that 300k at least every 2 months. You can invest that in a business that can earn you some profits and from your earnings in the business, you can start your building project.
300k won't even finish setting out, excavation and foundation blinding. A piece of block now is over 200 naira. A bag of cement is over 4500 naira.
Foundation of a four bedroom bungalow now should take at least 600 blocks, 25-30 bags of cement, two trips 6 tonnes sharp sand, a trip of local gravel, water, up to 10 or 15 lengths of 12mm rod(if you are to reinforce the edges), another 6 lengths of 8mm for stirrups, 30 lengths of 2 by 2 for profile, lines, pegs, supervision charges, bricklaying charges, concrete casting, excavation charges, etc.
That is excluding the dpc casting or what we call German flooring.

Architect alone may charge 60-80k for drawings alone ..

Baba use you 300k chop food abeg.

Attached is a four bedroom bungalow we are currently working on at the moment.
The owner of that house has spent more than 12m at the current stage. Although his site is waterlogged anyways and we had to introduce ground beams and foundation chaining.

Let's be realistic, in 2022 how much is the minimum to start foundation at least. I'm hoping 500k to 700k for a 2 bedroom flat foundation

Most people earned and put in site (which is very stressful and drains the owner).

Funkybabee:
Like 70k though she had bought blocks

U can start with anny amount, 50k, 80k, 200k etc

Buy the block little little and Start building it

U cann starrt eiith foundation

20% is better than 0%... Block is like 20% of the work in site

donforeign:
i have checked the australia section, all they have is school visa.
i only have ND and i don't know if that will work for australia. I will be glad if you can be of help, thanks so much.

The truth is "Student Visa" is the most straight forward way of relocating, although stressful but it is worth it...

There are Countries in Europe and Asia you can enter with ND if you can follow the Student Visa Way

Follow this guy on Twitter @WakawakaDoctor, he has information on different countries and their entry requirements. Following him will automatically bring a list of other tweeps that are well versed with travel/JAPA information

n3xt:


I do not really have much in my when I started building. I was waiting till I muster enough fund to take the house to an appreciable level at once.

My mum asked me to borrow her N70k for her business and I did. The next thing she called to follow her to the site and I found out she has already gotten 500 pcs of blocks and 10 bags of cement. That was how we started.

She told me “You start by starting. Do all you can before your children start growing.” 1 started a year into my marriage and moved-in the next year.

I was considering starting when I have about 50% of the required fund.

You have a great woman as a mother