Building a house is a dream for many Nigerians. However, the cost involved can be daunting.
At BullionRise Consult, we understand these challenges that is why we have written this blog post
to guide you through the factors affecting the cost, types of houses and practical steps to manage expenses.
Several factors influence the cost of building a house in Nigeria.
It is important that you understand these factors as they will help you plan better.
also read – 7 essential financial steps to building a house in Nigeria
#1. Location
Urban vs. Rural Areas: Building costs are higher in urban areas like Lagos and Abuja due to
higher land prices and living costs.
Accessibility: Locations with better road networks and infrastructure tend to be more
expensive.
#2. Land
Land Prices: The price of land varies significantly across Nigeria. Prime locations in cities
are more expensive.
Land Preparation: Clearing and preparing the land for construction can add to costs.
Design and Size
Architectural Design: Custom designs by experienced architects can be costly but offer
unique and efficient use of space.
Size of the House: Larger houses naturally cost more due to the increased materials and labor
required.
Related – How much does a building plan cost in Nigeria?
#3. Materials
Quality of Materials: Using high-quality materials will increase costs but can save money in
the long run due to durability.
Sourcing: Imported materials can be more expensive than locally sourced ones.
TYPES OF HOUSES AND THEIR COSTS
Different types of houses come with varying costs. Here are some common types in Nigeria:
#1. Bungalow
A bungalow is a single-story house. It is simpler and cheaper to build compared to
multi-story buildings.
Estimated Cost: ₦35,000,000 to ₦70,000,000 depending on the size and location.
See also – Bungalow designs in Nigeria
#2. Duplex
A duplex is a two-story building, offering more living space on a smaller plot of land.
Estimated Cost: ₦100,000,000 to ₦350,000,000 depending on the design and location.
See also – Duplex designs in Nigeria
#3. Terraced House
Terraced houses share walls with adjacent houses, making them cheaper to build.
Estimated Cost: ₦180,000,000 to ₦450,000,000 depending on the number of units and
location.
#4. Detached House
A detached house stands alone and typically offers more privacy.
Estimated Cost: ₦90,000,000 to ₦300,000,000 depending on the size and design.
DETAILED COST BREAKDOWN
Here is a detailed breakdown of the costs involved in building a house in Nigeria:
Land Acquisition
Urban Areas: ₦30,000,000 to ₦150,000,000 depending on the location.
Rural Areas: ₦1,500,000 to ₦15,000,000.
Design and Planning
Architectural Design: ₦200,000 to ₦1,000,000.
Structural Engineering: ₦200,000 to ₦2,000,000.
Surveying: ₦100,000 to ₦1,500,000.
Foundation
Excavation: ₦200,000 to ₦1,000,000.
Concrete: ₦5,000,000 to ₦15,000,000.
Structure
Block Work: ₦1,500,000 to ₦5,000,000.
Roofing: ₦4,500,000 to ₦8,000,000.
Finishing
Plastering: ₦3,000,000 to ₦6,000,000.
Painting: ₦300,000 to ₦9,000,000.
Flooring: ₦3,500,000 to ₦10,000,000.
Windows and Doors: ₦3,000,000 to ₦7,500,000.
Utilities
Electrical Wiring: ₦3,500,000 to ₦10,000,000.
Plumbing: ₦3,000,000 to ₦6,000,000.
Water Supply: ₦200,000 to ₦1,500,000.
Sewage: ₦200,000 to ₦500,000.
SOME CASE STUDIES
Examining case studies can provide insights into the real-world costs and challenges of building
a house in Nigeria.
Case Study 1: Bungalow in Lagos
Location: Lagos outskirts.
Land Cost: ₦15,000,000.
Total Construction Cost: ₦55,000,000.
Key Challenges: High land cost and labor shortages.
Case Study 2: Duplex in Abuja
Location: Abuja city center.
Land Cost: ₦200,000,000.
Total Construction Cost: ₦350,000,000.
Key Challenges: High cost of materials and skilled labor.
Case Study 3: Terraced House in Ibadan
Location: Ibadan suburbs.
Land Cost: ₦5,000,000.
Total Construction Cost: ₦200,000,000.
Key Challenges: Sourcing quality materials and timely project completion.
