Youth Entrepreneurship

Menu
  • Welcome
  • Dayo Profile
  • Contact Dayo
  • JOIN OUR FORUM
  • Testimonials
  • Shop
  • Our Business Plans
  • OUR PRODUCTS
    • Coaching
    • Entrepreneurship book for Africa Students
    • MLM E-BOOK: How to Recruit and Get to the Top Fast in Any Network Marketing Business
    • Set Up Money Making Blog for Just N50,000

80 Things You Will Learn from 72IG Affiliate Marketing School, Digital Marketing Skill Development and Expertnaire Affiliate Implementation Programme. (Cost N65,000)

CLICK HERE

9 Common Housing Types in Nigeria with Estimated Building Cost

Dayo Adetiloye Business Hub

9 Common Housing Types in Nigeria with Estimated Building Cost

9 Common Housing Types in Nigeria with Estimated Building Cost

9 Common Housing Types in Nigeria with Estimated Building Cost

9 Common Housing Types in Nigeria with Estimated Building Cost

Nigeria is a cultural and religious melting pot. The country is known for its cultural and ethnic diversity. In terms of architecture, this means that Nigerians have access to a diverse range of designs and styles from around the country and around the world.

Architectural trends, like other forms of art, come and go in Nigeria. What was fashionable twenty years ago may no longer be fashionable, but what was fashionable seventy years ago is now regarded as retro chic. It all depends on what type of house is fashionable at the time. Nigerian houses exist in a wide range of shapes, sizes, and styles. In the end, this means that the cost of production varies a great deal.

 

Here are the 9 common housing types in Nigeria with their estimated building costs

  1. Bungalows

A bungalow is a type of house that consists of a single story. They have a unique history in the world of architecture. They are still a very popular choice for most home buyers and renters. The reason is that they are very low maintenance, easy to build, and cost less than most housing types in terms of construction. In general, bungalows are usually small in square footage, but large bungalows are not also uncommon.

 

Although bungalows are very cost-efficient, they tend to occupy a larger area of land compared to their multi-storey counterparts. That is due to the fact that, unlike multiple storey buildings that extend upwards, they extend outwards. Another disadvantage is that due to the fact that bungalows are low to the ground, they are more susceptible to break-ins.

 

Estimated Building Costs

The building costs in this example are that of a four-bedroom bungalow. Estimating the cost of a bungalow in Nigeria is somewhat difficult because the cost of building it in Plateau state varies wildly from that of Lagos state. There are stages involved in the building process that will affect and increase the cost of building. They are;

  1. Buying a piece of land
  2. Cost of drafting a plan for the building

The cost of the building plan depends on factors such as the architect employed to carry out the plan, location, and complexity of the structure. Nonetheless, the cost of a building plan ranges from N60,000-N400,000.

  1. Building the foundation
  2. Setting to Lintel level
  3. Roofing
  4. Finishing stages.

All in all, the estimated amount it takes to build a bungalow in Nigeria ranges from N13,500,000 to N27,000,000

 

  1. Duplexes

A duplex is a type of building that consists of two floors. A duplex is usually confused with a two-storey building. Duplexes are residential buildings that consist of one kitchen and one dining room. Duplexes contain two living units either side by side or on top of one another. Although they are on separate floors, they are owned by one individual and are sold as one. Duplexes are inhabited by a single-family and the floors are connected through a staircase.

 

Types of Duplexes

  1. Standard Duplex: This duplex is a type of two-story house. The lower floor is usually occupied by a living room and the kitchen, while the upper floors are usually used for bedrooms and the kids’ rooms.
  2. Ground Duplex: Duplex houses are planned to be erected on the ground floors of apartments, with the bedrooms on the lower stories facing a garden. The living room and kitchen are located on the second story of the duplex flat. These types of duplexes are ideal for people who enjoy gardening and have pets.
  3. Low-rise duplex: The second floor of this duplex house design features large balconies and an attic. It is usually built on a smaller scale than other types of duplex houses, and creating these small duplex house designs and photographs necessitates a great deal of thought on the part of the architects.

 

Estimated Building Costs

After separating the various stages of building a duplex and successfully combining and approximating costs, it is safe to state that starting the construction process from the foundation to the roof should cost between N25 million and N30 million.

 

  1. Container houses

Container homes are exactly what they sound like: residences fashioned from steel shipping containers that you see on trains, lorries, and ships transporting products all over the world. People are constructing dwellings of all shapes and sizes out of these massive Lego blocks.

10ft, 20ft, and 40ft shipping containers are the most common sizes. For a shipping container home, the smallest shipping container can give roughly 100 square feet of floor space. Eight larger containers can be combined to form a two-story house with a floor area of roughly 1400 square feet. Hundreds of container micro-apartments can be combined to form a large apartment complex.

What are the advantages of using shipping containers to construct homes, apartments, cottages, and offices? With around 14 million ‘out-of-service’ containers on the planet, there is plenty to go around. And there’s something about large blocks that appeals to everyone.

Aside from being trendy, interest in container homes is part of a broader trend toward prefabricated and modular buildings as a way to save money. Many would-be homeowners want to save money on construction and maintenance. There’s also a misconception that container homes help with recycling.

 

Estimated Building Costs

Construction costs range from N50 000 – N75 000 per sqm depending on final specification and finishes.

 

  1. Townhouses

A townhouse is a privately owned, multi-level residential home that shares at least one wall with another property. Townhouses are sometimes referred to as row houses since they are often built side by side, especially in densely populated areas.

A townhouse owner owns both the structure and the land on which it is built. Townhouse clusters are sometimes part of a larger townhome community, which is often controlled by a homeowners organization that establishes community rules, collects membership fees from homeowners, and coordinates maintenance.

 

Estimated Building Costs

Although depending on a lot of factors surrounding the construction of the townhouse such as location, size, etc, the construction cost of building a townhouse in Nigeria ranges from N45 million – N200 million

 

  1. Traditional houses

Nigerian traditional houses are constructed to fulfill the social, cultural, and religious needs of individuals as well as the entire community. Natural resources such as mud, wood, palm, grass, wood, and other vegetable materials were used to construct traditional Nigerian dwellings.

 

Estimated Building Costs

This is the cheapest housing type to build on this list and the estimated building cost is about N100,000 and above depending on the size and the materials used

9 Common Housing Types in Nigeria with Estimated Building Cost

9 Common Housing Types in Nigeria with Estimated Building Cost

  1. Apartment buildings

An apartment house, also known as an apartment block or block of flats, is a structure that has many living units, the majority of which are designated for domestic use but may include stores and other non-residential elements. The most typical way to live in an apartment house has been to rent it. Multiple ownership of units on a single site, on the other hand, has grown considerably more prevalent.

 Individual cooking facilities, the number of sleeping rooms, and the less transient character of the tenants distinguish apartments from multi-unit residential occupancies that are not considered homes, such as hotels and boarding homes.

 

Estimated Building Costs

This largely depends on the size and complexity of the structure to be constructed, but it would cost from N100 million and above.

 

  1. Semi-detached houses

A single-family duplex dwelling that shares one common wall with the next house is known as a semi-detached house. This form of the building is distinguished from detached houses, which have no shared walls, and terraced houses, which have a shared wall on both sides. Semi-detached houses are frequently built in pairs, with each house’s plan mirroring the other’s.

 

Estimated Building Costs

Because construction expenses are often lower than those of a fully detached home, you typically receive more space for your money (or the same thing for less). Some of the semi-detached homes being built in Nigeria today are highly appealing to the eye thanks to modern architecture.

 

  1. “Face-me-i-face-you”

is a phrase used in Nigeria to describe a type of residential real estate in which a group of one or two-room flats have their entrances facing each other along a pathway that leads to the apartment building’s main entrance. This type of apartment buildings is a common architectural form in Nigeria’s major urban areas; the apartments are typically rented to low-income inhabitants due to their affordability.

The toilet(s), bathroom(s), and kitchen area are frequently shared among tenants in a yard in this form of design.

 

Estimated Building Costs

This depends on the total number of rooms to be constructed and the size of the building. But the estimated building costs range from N2 million to N20 million

 

  1. Penthouses

An apartment or unit on the highest floor of an apartment building, condominium, hotel, or tower is known as a penthouse. Penthouses are distinguished from ordinary residences by their luxurious amenities. The name ‘penthouse’ originally referred to a separate smaller ‘house’ built on the top of an apartment building, and it still does sometimes. Luxury features such as high-end equipment, finest materials fittings, elegant flooring system, and more differentiated penthouses.

 

A private entrance or elevator, as well as higher/vaulted ceilings, may be found in apartments not found in the remainder of the building. Penthouse apartments are defined by having two or more stories in buildings that are predominantly made up of single-level units. A terrace, fireplace, extra floor area, oversized windows, numerous master suites, den/office space, hot tubs, and other amenities may be included.

 

Estimated Building Costs

Penthouses are not constructed separately from the rest of the building, they are simply at the top. Therefore, there is no special building cost for it, just costs of either buying them or renting them.

 

To read and understand more about real estate investment for beginners: https://pwanmax.com/blog/2021/09/06/real-estate-investment-guide-for-beginners/

Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
  • Author
  • Recent Posts
Dayo Adetiloye Business Hub
Lets connect
Dayo Adetiloye Business Hub
Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
- Provide bespoke management and business planning consultancy
- To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
- To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

- Engender national prosperity by contributing to the creation of at least 100 new businesses every year
- Become a go-to brand for outstanding business development services for MSMEs
- Strategic partnership with local and international organization to empower start-ups
- Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness
Dayo Adetiloye Business Hub
Lets connect
Latest posts by Dayo Adetiloye Business Hub (see all)
  • Philanthropist Kole Akintujoye’s Our Daily Bread Foundation: Eradicating Hunger in Nigeria and Beyond - March 20, 2023
  • 28 Reasons why Norland Network Marketing Company is the best in Nigeria - March 16, 2023
  • Top 50 Ways to Generate Leads for Expertnaire Affiliate Marketing Platform in Nigeria - March 16, 2023

Share this:

  • Tweet
  • WhatsApp

Related

Prev Article
Next Article

Leave a Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search this Blog

MLM Instant Recruiting Formula

Grant Winning Blueprint

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

Follow me on Facebook

Follow me on Facebook

Follow me on Twitter

My Tweets

Youth Entrepreneurship

…Raising Millionaire Young Entrepreneurs
  • About
  • Dayo Speaks
  • Disclaimer
  • JOIN OUR FORUM
  • Shop
  • Privacy Policy
  • Sitemap
  • Advertise With us

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Popular Posts

  • 50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
    50 SMALL SCALE BUSINESS IDEAS IN NIGERIA AND STRATEGIES TO START IT
  • Peter Obi's Biography, Net Worth, and Rise to Popularity
    Peter Obi's Biography, Net Worth, and Rise to Popularity
  • 25 BUSINESS IDEAS FOR UNIVERSITY STUDENTS IN NIGERIA
    25 BUSINESS IDEAS FOR UNIVERSITY STUDENTS IN NIGERIA

Popular Category

  • Affiliate (36)
  • Articles (723)
  • Business Grant (342)
  • Business Opportunities (422)
  • Business Plan (682)
  • Competition (46)
  • CV Writing & Career Guide (61)
  • Dayo Initiative (13)
  • Entrepreneur of the Week (19)
  • Executive Summaries (148)
  • Expertnaire Affiliate Marketing (5)
  • Finance (15)
  • How To (133)
  • Job Vacancy (18)
  • Latest Post (1,681)
  • LOAN (23)
  • MLM Coaching (11)
  • Network Marketing (176)
  • NEWS (21)
  • Norland Nigeria (70)
  • Ofada Rice (6)
  • Online Marketing (50)
  • Product Sales (9)
  • Recharge and Get Paid (11)
  • Scholarship (7)
  • Scholarships (11)
  • Sponsored Post (223)
  • Trainings / Events (151)
Copyright © 2023 Youth Entrepreneurship
Dayo Adetiloye Business Hub

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh
Enter your name and email and Download our FREE eBook, get the weekly newsletter, Update on Grants, Business Opportunities & Premium Services from DayoAdetiloye.com... Joining is FREE!
Your information will *never* be shared or sold to a 3rd party.
 

Loading Comments...