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Should I Build A House Or Start A Business With 15m I Saved.? - Business (2) - Nairaland

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Re: Should I Build A House Or Start A Business With 15m I Saved.? by SavageResponse(m): 8:56am On Nov 10, 2022
ayoncox:

You can build or buy a house of 3-4 million naira with just 11 million around Abuja then rent it out and use the remaining to start a business you can grow.
Alternatively you can start a business by employing some teams to run your business as long as they are competent enough to double your money.
It's all about clarity of purpose and direction.
If you don't mind I would like us to have discussions around this, you can chat me up on 08089456258

Are you referring to a real house or a container?
Re: Should I Build A House Or Start A Business With 15m I Saved.? by Mcslize: 9:11am On Nov 10, 2022
talk2hb1:

Okay Sir.

@hopemanfx 7million can build a 3bedroom bungalow.
https://www.dailytipsfinder.com/cost-of-building-a-3-bedroom-bungalow/

https://thearchitect.com.ng/cost-building-3-bedroom-bungalow-nigeria/

Lol! If it's cut and lay house yes it will but just know it won't take it past lintel. That is a cut and lay house. But if it's a normal quality standard house, where they don't economise materials, have a rethink.

My bro is building a quality 3 bed bungalow, all those types with parapet design, security doors, tall roofs with stone coated roofing sheet. 28 millions naira has already gone down. Still yet to complete it. Though they have done the roofing, German flooring, plumbing, electrical and P.O.P. 38 million Naira will enter the house.

That's why I said if it is cut and lay, then even that 7 million won't take it past lintel stage. House materials had skyrocketed. This is not 2015 o. We are in 2022 where many things had gone up.

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Re: Should I Build A House Or Start A Business With 15m I Saved.? by Mcslize: 9:24am On Nov 10, 2022
SavageResponse:


Stop talking nonsense, 7million is not enough to build a 3 bedroom house!

Don't mind the guy. This is how they deceive people into going into projects with too much high expectations and will end up not completing it. That 7 million Naira for a quality house, won't raise the house past foundation.

This is with both filling o. Even cut and lay house will gulp 5million naira to raise it past foundation. Let alone a quality house where they don't economise materials.

The one my bro is building, has already swallowed 28 million Naira. Though it's nearing completion. And the budget is 38 million Naira.
Re: Should I Build A House Or Start A Business With 15m I Saved.? by BATified2023: 9:26am On Nov 10, 2022
asuraking:
Don't build a house now.i repeat don't build it now,especially in now that the economy is going low.since you aren't married no need to suffer your self to build a house, because if the lady you want to marry doesn't like the situation,what will you do? i would rather want you to use 5million to start a business.it will bring good returns if manage well.it may even become a big company. use another 5million by putting it in a saving account,where interest will be added to it. use another 3million for online business.don't fall for scam deals. use the last 2million for any purpose.use it sparingly,not on girls.
economy is going low n u are telling him to save in bank,don’t u know your 5 million today is equivalent to 1 million in next 5 years


As for op,the best advice I will give u is that u should invest in landed properties since your online biz is still paying

A plot of land bought with 1 million today will b sold for a minimum of 3 million next year n same thing if u build an house n rent it out

Look for a university around n build an hostel,no matter d situation of things students will always rent house,no matter how expensive your hostel is those yahoo students will rent it

Imagine a student environment where a room self con is 100 n someone decided to build that same thing n peg it at 250k n many rented it as status quo not minding

They even brag about staying in an hostel of 250 when they themselves know they have been duped
Re: Should I Build A House Or Start A Business With 15m I Saved.? by ayoncox: 11:43am On Nov 10, 2022
SavageResponse:


Are you referring to a real house or a container?
Real house oh in an estate
Re: Should I Build A House Or Start A Business With 15m I Saved.? by samtozy(m): 1:21pm On Nov 10, 2022
You can invest 10million Naira and make as much as 4million in interest every 12months that's 40% interest on any money invested. I have been doing this investment since 2017 in PWAN Real Estate, you can also invest with Sojimotos only that their capital is always high you can reach me to direct you. tony.yesaa @gmail.com is my email address or on 08142703402
Re: Should I Build A House Or Start A Business With 15m I Saved.? by samtozy(m): 1:38pm On Nov 10, 2022
You can invest 10million Naira and make as much as 4million in interest every 12months that's 40% interest on any money invested. I have been doing this investment since 2017 in PWAN Real Estate. you can reach me to direct you. tony.yesaa @gmail.com is my email address or on 08142703402
Re: Should I Build A House Or Start A Business With 15m I Saved.? by Medallion500: 2:12pm On Nov 10, 2022
Hopemanfx:
Sir, please use half of the money to build a house to lintel level better still covering the building, then you can use the remaning part to do a viable business.. the profit from the business you can use it to finish your house at top notched level as you desire..


really confused of what to do with N15m i saved from my online freelancing/upwork and software programming.. am 37yrs still single! am not planning to get married now. should i build a house for myself or i should start a business? I need youR advice! plz, dont DM me because i wont reply u.
Re: Should I Build A House Or Start A Business With 15m I Saved.? by Medallion500: 2:13pm On Nov 10, 2022
Sir, please use half of the money to build a house to lintel level better still covering the building, then you can use the remaning part to do a viable business.. the profit from the business you can use it to finish your house at top notched level as you desire..
Re: Should I Build A House Or Start A Business With 15m I Saved.? by Danyl(m): 5:28pm On Nov 10, 2022
Hopemanfx:
am really confused of what to do with N15m i saved from my online freelancing/upwork and software programming.. am 37yrs still single! am not planning to get married now. should i build a house for myself or i should start a business? I need youR advice! plz, dont DM me because i wont reply u.
I admire your courage to have come out and seek for advise on a faceless forum like this, I want to believe your money is not in naira secondly you would be an FX trader by the side, however, There are two business I can advise, look out for penny stocks that has not so much value at the moment and buy Into, secondly, landed properties such as houses don't depreciate they only appreciate provider it is in a place with good potentials of expanding in few years to come, you can. equally get a land for yourself and Start building little by little so you don't keep spending on rent age and lastly, find a way to do automated trading probably in currencies so you can retire early.
MaY God give you wisdom to navigate.
Re: Should I Build A House Or Start A Business With 15m I Saved.? by WycliffeSMB(m): 6:49pm On Nov 10, 2022
Hopemanfx:
am really confused of what to do with N15m i saved from my online freelancing/upwork and software programming.. am 37yrs still single! am not planning to get married now. should i build a house for myself or i should start a business? I need youR advice! plz, dont DM me because i wont reply u.
Lend me 30k, pls....I have a pressing challenge.
I will pay back in the first week of December even if it means with added interest.

I am slipping into depression as I speak...please.
#SaveAsoul

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