How much do you think it costs to build a house in Nigeria? Well, obviously it varies depending on the location, size, materials and finish you want. However, building a house in Nigeria is not cheap as most people think. Getting an affordable property with a monthly mortgage payment is just about impossible for the average Nigerian unless you have personal connections or know someone who can help you secure such a deal. Most real estate sellers are looking for quick profits, which means they will sell their properties at almost double the standard cost of construction. Even if you have all that money and know someone that can get you an affordable deal, building your own house in Nigeria is not cheap. Construction services are very expensive in Nigeria because of corruption and red tape involved at every step of the process.
The cost to build a house in Nigeria depends on your location, the size and design of the house and the materials used. Finding accurate data is not easy because most contractors just give you a quote, which varies greatly depending on who you are. However, we can make an educated guess based on some data from the National Bureau of Statistics and other studies. The table below shows the average cost to build a house in Nigeria. City/Area - 2 bed room bungalow - 4 bed room bungalow - Duplex - Apartment - Ground floor Office - Penthouse - Abuja - N350,000 - N2,100,000 - N350,000 - N2,100,000 - N350,000 - N2,100,000 - N350,000 - N2,100,000 -
The table above shows the average cost to build a house in Nigeria, but what if you want a house that is of a higher quality? What if you want a house with a higher quality finish and more amenities than the typical house? Well, you will have to pay more because you will be opting for things like steel rods instead of wooden beams, and you will probably want something more attractive than concrete. You will have to factor in the cost of your additional materials, and also the increased labour cost that naturally comes with your choice of materials. You will have to pay more for electricity and water connections, planning permission fees, and many other related expenses. You can roughly estimate the cost of building a typical house in Nigeria by adding about 30% to the cost to build a house in Nigeria. You can adjust that percentage depending on what kind of house you want.
The table above shows the costs to build a house in Nigeria, but there are also hidden costs that are not included in the table. For example, you will have to pay more for your land, contractor bribes, and other fees that don’t appear in the table above. The table above is an average cost to build a house in Nigeria, which doesn’t apply to everyone. The real cost of building a house in Nigeria varies greatly depending on the location and contractor you choose. The real cost of building a house in Nigeria varies greatly depending on the location and contractor you choose. For example, a contractor who charges N350,000 to build a 2-bedroom bungalow in Abuja might charge about N600,000 to build a similar house in Lagos.
- Get a contractor with a good reputation. - Shop around and compare prices. - Find a contractor who will clear the site and prepare the land. - Negotiate on the price. - Do as much of the work yourself as possible. - Get an affordable loan. - Use local materials like clay, sand and gravel. - Build a smaller house. - Use the cheapest finishes possible. - Hire a cheaper architect. - Identify ways to save money on the foundation. - Identify ways to save money on the roofing. - Identify ways to save money on the walls. - Identify ways to save money on the plumbing. - Identify ways to save money on the electrical wiring. - Identify ways to save money on the finishing.
The cost of building a house in Nigeria varies greatly depending on the location, materials used, size, design and contractor. The cost to build a 2-bedroom bungalow with a ground floor office in Abuja is approximately N350,000, while a similar house in Lagos is N600,000. The real cost of building a house in Nigeria varies greatly depending on the location and contractor you choose. For example, a contractor who charges N350,000 to build a 2-bedroom bungalow in Abuja might charge about N600,000 to build a similar house in Lagos. The best way to save money on the cost of building a house in Nigeria is to find a good contractor, negotiate on the price, and do as much of the work yourself as possible.
Comments