There is no one answer to that question. The simple reason is because the cost to build a home
is dependent on the type of home you wish to build.
Fenced compound
The cost to build a home will be higher if you decide to build a more complicated design.
Using the same 3 bedroom apartment described above as an example, the cost can be as high as
7 - 8 million naira if you want an apartment with a complicated design.
Price To Build A Home - Build To Your Budget
What's your budget? How much money do you have to spend?
Your budget, the money you have to spend, should dictate what sort of apartment you decide to build.
And this in turn will affect the cost to build a home for you.
For example, if you want the apartment mentioned above but don't have 5.5 million Naira to spend, you
can cut the cost of the project by building a smaller apartment.
You could build a 2 bedroom apartment with . . .
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single toilet
single bathroom
No fence
No floor tiles in sitting room or anywhere else
wooden window
Sounds drastic, right?
But the bottom line is how much money you have. Build a better home if you have the cash. Build
something small if you're cash-strapped.
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Some folks in Lagos Nigeria even start with building just one room with no windows. They nail blanks
on the spot for window and move in.
Remember you're a landlord even with just one room built.
These folks build one room and move in. Then build the rest over several years according to their income.
Why is it so important to build to your budget?
Well, if you don't, the building will get stuck mid-way. Soon it will become an abandoned project.
Worse still, you will not enjoy the immense pleasure of living in your own home.
My advice?
Calculate the cost to build a home . . . your kind of home . . . before you even start. That way you will
start and finish the project a happy person.
P.S. You do not necessarily have to build your home yourself. You can employ the services of a
new home builder
to build your home for you. Be sure to use a professional home builder. Get elegant design and finish. Get REAL value for your money.
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