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What Type Of House Gives The Best Returns?

Let's say you have N20m and want to invest in properties, what is the type of structure you can build and make your capital in the quickest time possible, from rents.

Duplexes

Bungalows

Block of flats

Shops

Mall

School hostel

Self contain

Face me I face you rooms.

What do you think.

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17 answers

what happened to this thread?

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I think in Nigeria u can't go wrong when it comes to property issue, i think block of flats fenced , with water and other amenities will sell well in most cities across nigeria.

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no posting since january,why

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nothing like self contain apartments

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I think selt contains are in vogue now, many working class ppl are constantly on the move and don't carry their families everywhere, students, bachelors/spinsters (mostly bankers and telecom) employees. The rent won't be bad at all.

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If you intend raising a residential building close to a university,a students hostel will do you well.if not,go for block of flats.

I prefer a shopping mall though

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Self contain is the fastest. . .4me

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I do mainly commercial properties for rent. I also do residential properties for rent and if I get good offers, I sell. Besides I feel more comfortable in the east.

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Your line of budget falls under this 2:

1. Commerical Buildings.

2. Residential Buildings.

You can email me and I can share pictures of current and previous projects with you and you can pick any you like.

A'ASOG Nigeria Ltd

(Builders & Construction Management)

Agbado: Lagos, Mowe: Ogun, Akaran: Ibadan

adetund19@yahoo.com

08036685576

01-8988104

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Face me is for low income earners. Nobody does that in Lagos anymore. Except your talking about other places.

Your best bet is BLOCK OF FLATS. Take it as the gospel truth. It should be a mix of two and three bedroom. It should never be more than that. Your architect should also consider the use of dummy areas for a single self - contain.

If you r considering sale after construction, it must never be less than four bedroom.

And lastly, pls avoid commercial developments (mails, shops etc) with the kind of money you have. You might end up giving the bulk of it to govt charges.

Cheers!

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Someone insisted to me face me I face you pays better! Surprised as I am, he bought me over with arguments about the construction cost and the number of tenants.

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for me is

School hostel

Self contain

Shops

Mall

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Ok, what we basically look at is annual returns as against expended sum(capital). Assuming N20m can build a duplex or 4 Nos of 2 Bedroom Flats or 10 Nos of Face me I Face You rooms, we now ask ourselves, how much will each of these options command yearly?

Assuming a duplex goes for say N1m p.a, 2 Bed Flat @ say N300k and self con @ say N150k in a particular neighborhood, your most viable option in this case is definately the self con, based on earlier mentioned assumptions.

Also, assuming in that neighbourhood, for instance, the demand for duplex is very low(i dont know where u reside so cant give locational examples). You would be left with the other two options, of which the self con still remains the most viable.

But if it's in a GRA, where zoning and town planning regulations guide devp, u'ld have to compare the returns from a well finished duplex and a well finished block of flats. Whichever has a prospect of higher returns is the biscuit.

I hope this helps.

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Let's say you have the same N20m and is given a free choice over the area to choose to maximize your returns, which type of structure will give you your capital in the shortest timeframe.

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@Poster,

We Estate Surveyors charge for this information o, it's not free, lol But let me hint you, it depends on the locality, town and land economic factors.

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@design 5, I don't stay in lagos, and I don't build in Lagos. In places like Enugu, rooms makes more money.

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