The cash crunch economy, or “shege promax” economy as Nigerians would say, has affected the buying and spending power of Nigerians. Now, any opportunity is looked at reducing cost as most Nigerians. However, a good couple of Nigerians are still building houses. One of the vital questions Nigerians ask is what type of house can 1 million, 2 million, 3 million, 4 million, and 5 million naira build for you in Nigeria, or can 1 million, 2 million, 3 million, 4 million, and 5 million naira build a house for you in Nigeria?
The answer to the question of can 1 million, 2 million, 3 million, 4 million, and 5 million naira build a house for you in Nigeria is yes. Yes, 1 million, 2 million, 3 million, 4 million, and 5 million naira can build a house for you in Nigeria.
The truth is that 1 million, 2 million, 3 million, 4 million, and 5 million naira cannot really build a standard house for you. This is what you ought to know. It can build a house but not really a house that’s standard enough. It will build a manageable one for you until you get better funds to build better houses.
Now, let’s take a look at the types of houses these funds can build.
What type of House can 1 million, 2 million, 3 million, 4 million, and 5 million naira build for you in Nigeria, or can 1 million, 2 million, 3 million, 4 million, and 5 million naira build a house for you in Nigeria?
1. 1 Million Naira
1 million naira can build a one-room self-contained apartment in a land that’s already yours if it is well managed. The building won’t be that standard and you might be forced to use old zinc roofing sheets or windows or ceiling with no painting. However, 1 million naira should be enough to put a roof over your head.
2. 2 Million Naira
2 million naira can build a more standard self-contained apartment for you with painting and light furnishing. It should also be noted that 2 million naira can build a house of 2 rooms without toilet and bathroom.
However, if you have 2 million naira saved, and you intend to build a house urgently, it is safer to build a one-room self-contained apartment than building two rooms with no toilet and bathroom.
3. 3 Million Naira
3 million naira can build a two-rooms house with toilet and bathroom and no furnishing. To be able to build the full house with toilet and bathroom, no painting of course, and you’ll use substandard materials. The amount is not enough. It is just to have a roof over your head.
4. 4 Million Naira
4 million naira is enough to build a two-rooms house that’s more standard. However, this doesn’t mean it is enough to build a standard house. 4 million naira can’t give you the standard you need, and you might not paint the house even.
5. 5 Million Naira
5 million naira can give you a standard two-rooms house with enough space and finishing. 5 million naira can also give you a three-rooms house but with no finishing and use of substandard materials. Instead of using trying to use 5 million naira to build a three-rooms house, it is better to use that amount to build a comfortable two-rooms house.
Conclusion
This is it on what type of house can 1 million, 2 million, 3 million, 4 million, and 5 million naira build for you in Nigeria, or can 1 million, 2 million, 3 million, 4 million, and 5 million naira build a house for you in Nigeria?
Before you take a step to go with any, you have to think critically before making your decision. You also have to check the funds in your hand, and the type of standard of house you want. When you are done, you start off your building project.