How Much Does it Cost to Build a House in Nigeria 2024? 4 Bedroom Duplex Cost Revealed

Описание: How Much Does it Cost to Build a House in Nigeria 2024? 4 Bedroom Duplex Cost Revealed

Are you wondering about the current cost of building a house in Nigeria in 2024? Look no further! In this video, I break down the expenses involved in constructing a 4-bedroom duplex in today's market.

As a leading real estate developer and consultant, I receive countless inquiries about construction costs amidst the recent surge in building material prices. Many individuals are shocked when they discover the actual expenses involved in building their dream homes.

For instance, one of my clients planned to commence construction on a 5-bedroom duplex at Bellevista Estate, Kyami. Initially estimating between 3-5 million Naira for the foundation, the final bill surpassed 9 million Naira due to the escalating costs of materials.

Speaking of Bellevista Estate, have you seen this remarkable development yet? Situated close to the Airport, Jonathan's Farm, and the Idu Train Station, this FCDA-approved estate offers prime land starting from just 8.9 million Naira. Reach out to me for more details!

Now, let's delve into the reality of building costs. The current market conditions have led to a significant increase in expenses, often doubling or even tripling the amount compared to previous years. This surge can be attributed to the skyrocketing prices of essential building materials.

In February alone, the prices of iron skyrocketed from N310,000 to 1.5 million Naira, while cement prices soared from 4,700 to 10,500 Naira per bag. Considering the quantity of materials required for block-making and plastering, the impact on overall construction costs is substantial.

So, what's the bottom line for constructing a decent 4-bedroom duplex? While it's challenging to provide an exact figure due to varying design preferences and finishing options, you should budget between 80 to 100 million Naira after acquiring your land. For a precise estimate, enlist the expertise of a quantity surveyor to generate a comprehensive bill of quantities tailored to your specific project.

If you found this video informative, please like and share it with others who might be grappling with the same questions. For more valuable insights on real estate, subscribe to my channel, where I share expert advice and industry updates regularly.

I'm Andrew Onoja, your trusted real estate advisor, dedicated to helping investors build sustainable wealth through strategic property investments. Whether you're buying or selling, my team at Ideal Homes and Estate Developers Limited is here to deliver an exceptional real estate experience. Contact us today to embark on your property journey!

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