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Cost of Constructing a Simple 3 Bedroom Bungalow Have you been around people discussing building a house? The amount of money they mention can be scary sometimes. You hear that they constructed a simple three-bedroom flat in the village with ₦10 million. Some say you need ₦25 million to build a 3-bedroom house with moderate finishing. And these amounts do not include the cost of acquiring land or furnishing. Then, you begin to wonder: if it costs ₦25 million to construct a modest three-bedroom bungalow in the village, how much will it cost to build the same in a city like Lagos? But I know some bike riders, mechanics, carpenters and traders in Lagos who presently live in their houses. How did they do it? Did they spend up to ₦10 million on construction?… Of course, you can spend ₦25 million or even ₦1 billion to construct a three-bedroom bungalow if you want. But it is also very possible to spend less. Yes, as little/much as ₦5.5 million! And this article will show you how. Follow a...

Tips for Reducing Construction Cost To average-income earners in Nigeria, the prospect of owning a home may seem like a pipe dream. It is generally believed that one has to be very wealthy to own a home. The escalating cost of land and building materials have further convinced many that the average Nigerian worker cannot afford a home. But experience has shown that with proper planning, due diligence, and discipline an average-income earner can own a home in Nigeria. I will share some great tips to reduce the cost of building a home in Nigeria. In this article, we will look at ways to cut down on the cost of constructing a house. Some factors that contribute to the cost of building a house include the cost of acquiring a land, the house design, and the cost of building materials as well as labour. We will consider: How to get a good land at a cheap price.  How to reduce building cost with a good house design and floor plan.  How to reduce cost of roofing a hous...

The cost of building a house in Nigeria has consistently increased over the years due to a combination of the rising cost of acquiring a land, the escalating cost of conventional wall building materials (particularly the imported ones), labour, etc. But one of the major factors militating against the availability of low-cost housing in Nigeria and other developing countries is the cost of conventional building materials which like the cost of acquiring the land, has a direct effect on the cost of construction. Successive governments in Nigeria have paid lip-service to the provision of low cost and affordable housing for the Nigerian masses. For example, the Association of Housing Corporations of Nigeria (AHCN) once championed the use of locally-sourced wall building materials when it collaborated with the Akwa-Ibom state government to build an estate in Uyo using locally sourced materials. But this initiative was abandoned for no just cause. A similar effort by the Nig...