(1) Rent
The location of a building contributes greatly to the high / low cost of construction. The Nigerian case in favor of the class has a long way to affect the cost of construction in general, especially in Lagos.
What happens in our urban areas is class segregation, a case where you were once poor and you adapt to the slums and the outskirts or other areas that are less privileged, and suddenly your economic bag changes, first thing. What happens to an average Nigerian is to relocate. Why? because he believes that it is where the class is, the only suitable place for his children’s education, his business, etc.
There is a general belief that when you move between the high and powerful, you connect more with money and the probability of getting contracts is there. But people don’t realize that they can connect with anyone and make friends more easily in today’s ICT age without having to travel.
Therefore, when a place is designated as a Government Reserved Area, what usually happens is the influx of rich and this turns even a terrible and undeveloped land into privileged land overnight just because of class and nature. oppressive of the rich. The artisans / construction workers end up charging more when you are building in that area due to the influx of bags of money. So you will end up spending more money and you will not get the cheap land either.
(2) Type or nature of the soil
This is where a lot of people go wrong and shoot themselves in the foot when planning construction projects. The types of soil, strong, soft or very strong, generally affect the overall costs of the building.
soils are classified into five main categories.
1) Rocks, including igneous, limestone, and sandstone rocks
2) Cohesive soils, such as clays where the constituent particles are tightly integrated and stuck together.
3) Non-cohesive soils, such as gravel and sand, whose resistance depends largely on the classification and proximity of the particles.
4) Peat which is low resistance decomposing plant matter with a high moisture and acid content.
5) Dump or soil made that may contain debris of one type or another and can cause settlement or stability problems.
When building your home, the nature of the soil on your site will greatly affect your portfolio. Find out if the land is good for bearing loads and will cut costs. People digging your foundation won’t need to dig until now, and the foundation concrete you’ll also use will be minimal compared to weaker soils. The weir is the worst place to use because you will need to remove debris otherwise your base will suffer and this will cost you more. The stronger your soil type, the less money you will spend.
The topography or the level of your land is also very important so that you spend less, in the event that one portion of your site is very low compared to the other, surely this will take you more money to manage in terms of block or division. . level constructions.
Make sure you get to the exact part of the land they propose, because if you carelessly or carelessly buy a wet site, you will need to drain the water effectively to increase soil stability, to avoid surface flooding, and to prevent moisture from the surface of interior walls and basements, and also to remove moisture in the immediate vicinity of the building.
I’ve made a mistake like this before, so I know what it can cost you if you do the same. First of all, you may have to fill the land and spend more money, although when you were buying the land in question, you paid less and had the impression that you will not spend more. But you will regret it unless you are so rich, I have seen a first-hand experience about this, that is why when buying land it is better to buy in the rainy season to give you the opportunity to access the site in question. A client once bought a very cheap land but in a very low area, which makes his land a water drainage track, you must witness it when it rains yourself, so maybe you will appreciate what I am talking about, mind the strong currents of water. you can overturn a house.
A waterlogged soil will also require reinforcement or iron and concrete that an ordinary bungalow in a strong, clear area will not need.
(3) Access to infrastructure
The proximity of the land to good infrastructure such as roads, water, electricity and others greatly influences the cost of building a house. You may not know it, if a dumper cannot access your site, they will spend 50% of the money that they could have used to bring materials to your site on the labor that will bring them. For example, taking blocks to the place where it is really needed.
If the water is close, that’s a bonus too. But this also has its own negative effect on the cost of land, but in the long run it is better to buy where all these conveniences are.
Note: Consider the cost of running your own pipe, utility poles, and leveling or clearing the road.
(4) Access to traffic
The access of people and vehicles as explained above can be of great benefit and the influx of people to places like that can also carry a high cost of construction.
(5) Design taste, type and size
Good taste demands a high cost, its class or condition is probably reflected in the type of building you want, the type of electrical accessories you want in your house to serve your utilities, air conditioning, etc., your plumbing fixtures for cater to a jacuzzi, spas, bathtub, swimming pool, etc. and other accessories for your comfort and convenience can increase the cost of construction.
The type of building implies that it is a simple bungalow with 2,3 or 4 bedrooms or it has to be a duplex / mansion. Generally, it costs more to construct apartment buildings due to the cost of completing concrete floors than simply purchasing more land and building on it for the same amount of space.
In terms of size, the size of the rooms, kitchen and other sizes of use areas can even make an ordinary 2-room flat more expensive than another man’s 4-room flat. Then talk about extra service rooms like study, game rooms, prayer room, extra living, etc.
(6) The threat of Omo Onile (landowners)
There are cases where “Omo Onile” tries to outperform the buyer even when he has paid for his illegal fees. Some can go as high as having you buy back your land altogether. What about the sale of Land acquired by the Government to unsuspecting buyers, this is very, very common in Lagos, God saves you if the Government wakes up one day and decides to ask for their land, you will count yourself lucky if they only ask you. pay or buy back the land. What if you are asked to evacuate completely and your building completely demolished?
(7) Proximity to Institutions
Educational, health and religious institutions dot our landscape, but what most do not realize is that they invariably increase the cost of obtaining land in their localities, due to the influx of people entering and leaving these various institutions, business activities are always positively affected. , thus providing commercial opportunities to the inhabitants of the town. An obvious example is Canaanland Ota in Ogun State. You can see the visible rise of properties in this once a forest suddenly became an investor haven and buildings sprang up in every way.
(8) Commercial viability of the area in which the building is constructed
(9) Quality of the professionals and craftsmen involved
If you use charlatans for your construction project, yes, in the presence, you will spend less, but keep in mind that before or after the house is finished, you will spend much more if you refuse to use a professional. Talk about the cost of maintaining your home after parking, the quality of the design that an architect could have easily given you cheaply, what about the structural layout of the building that a civil or structural engineer could have given you for extra peanuts or a surveyor that your building will cost you and you know if you are heading for the rock, or the builder who would have made sure your drawing plans are rendered or executed correctly and that standards are not compromised. Get a professional in the field and let them recommend a craft carpenter, bricklayer, etc., or you can get just one or one that was recommended to you. Then you need to make sure to check your previous work and confirm that it is good, or tell your professional to follow you and access people. previous work, you should be able to point one.
(10) Materials
Building materials also contribute immensely to the quality and cost of the home; from what you used in the foundations to the roofing materials; there is always a variety of prices. Even the bags of cement are of different prices, what about the blocks, it also depends on the quality; some may sell theirs # 10 to # 20 unlike others due to the rich ratio of cement mix and type of sound, while others might just double the price of lower quality ones. For example, the price of “BECO BLOCKS” is usually double what is common in Lagos.
I guess you know that even on the roof there are categories, from ordinary asbestos roof to modern aluminum, prices always vary.
(11) Quality of finishes
There are different types of finish, which also raises a question of taste and money to spend. Even painting can sometimes cost more than what is required to buy important materials in someone else’s building. With the advent of more technological advancements in building fixtures, where you can now have bulletproof doors and windows with metal detectors, and furniture companies come out every day with new innovations, they are likely to be seriously considered. cost of finishes in general. costing your home.
(12) Aesthetics
Beauty sometimes goes hand in hand with the complexity of a design, this you may not know affects the cost of construction much, especially when the walls of the building are not aligned and the roof is also complex, this can raise the cost total of the building.
(13) Time or duration
When a building takes a long time to complete, there is a tendency to spend more in the long run. Consider materials that would have been spoiled due to a long delay in use at the site, what about timbers that are left for rain to hit, cement that has spoiled, they may be needed some on-site replacements every time I return to continue after a long break.
(14) Inflation
The unstable economic conditions and the increase in fuel products also affect construction indirectly through multiplier effects. Remember that fuel-burning vehicles are required to bring materials to the site.
(15) Security
When the place is near a police station or it is noted that it is generally very safe, the houses in this area will always be on top.