Increasing Seller’s Property Value
Culled from
Yahoo
Understand first of all that there IS a difference between price and value. Price is the amount you are asking for the property. Value is buyer perceived, and this perception of value is influenced by many factors such as location, features, condition, comparison to other purchase option, etc. By attending to details that can have a positive impact on the value, sellers can significantly increase their chance of attracting qualified buyers willing to pay the asking price.
Some tips to achieve a positive impact on value are:
- Perceived size impacts value, even more so than actual square footage. Open floor plans make a room feel bigger than larger spaces with smaller rooms. Showing property that is furniture free, or at reduced clutter, helps to make the space feel bigger.
- Vacancy increases sale-ability. Property is easier to show and easier to sell, and quicker to take possession of when it is vacant at the time it is offered for sale. Evidence of problems to take possession of the property — such as encroachments, or tenants who wont allow buyer tours — negatively impact value. Vacancy also helps the buyer walk through the property imagining ownership. Sellers should remove personal trinkets and family pictures as well as being conveniently absent during a buyer tour.
- Cosmetics are important.
- Fresh paint will always add more value than it costs.
- Clean or new carpet/flooring adds more value than it costs.
- Landscaping adds more value than it costs. At the very minimum, make the entrance area neat.
- If you can, add some colorful flowers and new sod.
- Take care of the obvious! The spot on the ceiling from the roof leak takes thousands of dollars from the perceived value and the offer price.
- Condition affects value. Do a seller’s home inspection to identify and fix the problem BEFORE closing. No point holding up your check a few extra days; plus a failed buyer’s inspection could cost you the sale. Buyers will often bargain down your asking price to accomodate for property condition and repairs.
- If you can, remodel/update the kitchen and master bathroom. These two areas have a big impact on home buying decisions.
- Strategic renovations impact value and your bottom line. Don’t spend more money to renovate the place than you can recapture in value on the sales price.
How to Minimise the Cost of Building your House and still produce high quality Houses
Disadvantages of having trees in your house.
Why that Tree in your house is Dangerous!
Although trees are generally a desirable feature of home landscaping, however they can pose a threat to buildings and homeowners in a number of ways.
Although trees are generally a desirable feature of home landscaping, however they can pose a threat to buildings and homeowners in a number of ways. In this special piece we explain to you possible dangers a tree can cause to your building and household members…
One of the major parts of the house that trees have been found to be a dreadful threat to is the foundation. Though has now been generally accepted by building experts that tree roots cannot normally pierce through a building’s foundation, they can, however, damage a foundation in several other ways. Firstly, tree roots can sometimes penetrate a building’s foundation through pre-existing cracks, while large root systems that extend beneath a house can cause foundation uplift. They can also leech water from the soil beneath foundations, causing the structures to settle and sink unevenly.
Also, leaves and broken branches of trees can block gutters, potentially causing flooding within the house area which can in the end all water to penetrate the building. Apart from that old, damaged or otherwise weak trees may fall and endanger lives and property. Large, weak branches, too, are a hazard, especially if weighed wind storms.
Another potential destructive effect of trees is that roots can potentially penetrate underground drainage pipes, especially when they leak. Water that leaks from a drainage or sanitary pipe can encourage root growth in the direction of the leak, where the roots may eventually enter the pipe and obstruct its flow. A number of house plumbing defects have been traced to tree roots by experts.
It is important that home owners know that trees may be used by insects and other dangerous animals to gain access to the building. In terms of insects and flies, soldier ants and mosquitoes are the ones that easily find tree tops and leaves habitable. To home owners both constitute a health hazard. In the case of rodents and other dangerous animals, Snakes and Bats are known to find tree tops handy to live on. They may in the end gain access to the house and constitute a potential danger to the entire household.
Apart from that, falling trees and branches can topple power and communication lines in the house in which case you may then have to spend huge amounts of money repairing the damage as a house owner. For falling power lines, they can lead to electrocution of unsuspecting home owner especially if it has to do with windstorm from over-night rainfall.
Trees with structural defects likely to cause failure to all or part of a tree can damage your building and nearby buildings. It is important to be able to identify defects in trees around your house to prevent such disasters. The following are indications that a tree has a structural defect: dead twigs, dead branches, or small, off-colour leaves; species-specific defects.
Also, cankers, which are localized areas on branches or stems of a tree where the back is sunken or missing is an indication of a defect. Cankers are caused by wounding or disease common with trees. The presence of a canker increases the chance that the stem will break near the canker. A tree with a canker that encompasses more than half of the tree’s circumference may be hazardous even if the exposed wood appears healthy.
Another kind of defect with trees that can pose grave danger to home owners is what is known as advanced decay (wood that is soft, punchy or crumbly, or a cavity where the wood is missing) can create a serious hazard. Evidence of fungal activity, such as mushrooms, conks and brackets growing on root flares, stems or branches are indications of advanced decay. A tree usually decays from the inside out, eventually forming a cavity, but sound wood is also added to the outside of the tree as it grows. Trees with sound outer wood shells may be relatively safe, but this depends on the ratio of sound-to-decayed wood, and other defects that might present.
When a tree leans at more than 15 degrees from vertical it is potential dangerous. Generally, trees bent to this degree should be removed before they cause a major disaster. Trees that have grown in a leaning orientation are not as hazardous as trees that were originally straight but subsequently developed a lean due to wind or root damage. Large trees that have tipped in intense winds seldom recover. The general growth-form of the tree and any uplifted soil on the side of the tree opposite the lean provide clues as to when the lean developed.
Useful Tips in Keeping safe Trees
When planting trees, they should be kept far from the house. It is impossible for the homeowner to reliably predict how far the roots will spread, and trees that are too close to a building may be a fire hazard.
Do not damage roots. In addition to providing nutrition for the tree roots anchor the tree to the ground. Trees with damaged roots are more likely to lean and topple than trees with healthy roots. Vehicles are capable of damaging a tree’s root system.
Dead trees within the range of a house should be removed. If they are not removed, the small twigs will fall first, followed by the larger branches, and eventually the trunk. This process can take several years.
Inspect your trees periodically for hazards, especially in large, old trees. Every tree likely to have a problem should be inspected from bottom to top. Look for signs of decay and continue up the trunk toward the crown, noting anything that might indicate a potential hazard.
Binoculars are helpful for examining the higher portions of tall trees for damage.
Who is Your Contractor? Your family members or the professionals?
Choosing your contractor is one of the most difficult decisions to make, choosing rightly
will help the overall success of the project, from experience, clients choose from these people.
(i)Building professionals
(ii)Family members that are laymen
(iii)Family members that are building professionals and
(iv)Businessmen contractors
Of the four groups listed above (i) and (ii) happens to tower above (ii) and (iv) and they all
have advantages and disadvantages over one another.
For a client that doesn’t know anything about building, no.(i) is your best bet a professional
may charge high fees but he will not compromise on standard when building your house because he
knows quite well that his reputation is at stake and if he does your job well then you may refer
him to your friends and this may lead to big things for him. So for a professional, quality is
always paramount though you may spend more.
(ii)Family members that are laymen may not be the right people to use however if the integrity
of the person involved has been tested overtime, he may serve as your eye on the site. All money
needed for materials will pass through him and he goes along with workers on site to purchase
these materials, whatever is recommended he has to monitor the purchase of materials together
in otherwords he monitors how money is been spent and progress on site.
This may save you some money, but if you have a bad relative unfortunately this method will
backfire because he will want to lord it on the workers to use substandard materials so that he
can make profit for himself.
Another disadvantage is that they can’t easily see a bad job in progress, so anything
constructed is always acceptable to them untill is too late.
(iii)Family members that are building professionals are most favoured after all is your money if
your are been ripped off by your family then the charges will be small compare to an outsider
except if the person in question is fraudulent you can easily call on him even years after the
house has been built to help you do one thing or the other without extra charges.
Well you are also helping your family member to grow professionally.
The disadvantage is that if the job is poorly done you may not be able to make him pay for the
poor job done. Your financial strenght and weaknesses is also exposed.
(iv) The last which is businessmen contractors are the worst of the lot to give your project to
. They parade themselves about as building contractors without any formal or informal training
but they have some money from other businesses so they use that to set up an office and seek
for contracts.
The primary motive of this group is profit every other things are secondary including the
stability or success of the building. This group is worst off when it comes to using substandard
materials.
So in all the four above no (i) still seems to be the safest because the contractor can be
called to question anytime, he can be reported to the controlling body of his profession and
professionally he won’t do anything unethical so that he can be recommended for other jobs.
Steps to take before Buying a Land in Lagos
There are basic steps you ought to take when you’ve finally
decided to buy a land in Lagos, to reduce stress you must
ask basic questions and take these steps.
(1)Consult your agent and tell him exactly what you want
and how you’ll like to have it, if you have a good agent he
will most likely get a property close to what you want
faster than you might think is possible, this will save you
stress, but give him the instruction that you won’t want a
land under government acquisition, this will make him to
work harder and search for the right one.
(2) You can also do your research too from family members,
friends and online especially through an online forum like
www.nairaland.com property section, there are lots of
professionals on that forum that that are ready to treat
your questions for free at the speed of light.
(3)After you must have been introduced to a land, the first
step is to go for site inspection. Considering many reasons
at the back of your mind to make you decide if to buy the
land or not. Issues like-
‘i’ Nearness to your office or business.
‘ii’ Will you be able to match the financial task required
if the soil is waterlogged and needs filling, and if you
are going for a storey building can you afford the type of
foundation that will be recommended.
‘iii’ The commercial value of the land in nearest future
‘iv’ Nearness to high tension cable (wires).You know it is
required you leave out at least 60m from the high tension
cables.
‘v’ how close is the site to Fuel or petroleum pipeline.
‘vi’ Nearness to major roads, if your site
is too close, and the road is expanded
in the future, it may affect your
property.
‘vii’ Check the level of the ground to the surrounding
environment, I mean the topography, is your site at the
lowest level to the neighbouring sites, its
likely that runoff water will converge in your site
when is raining and no adequate planning for
drainage system like Lagos.
(4)If you are okay with the land after having met most of
these requirements above. Get your land surveyor to
accompany you to the site with his instruments (compass)
and don’t worry he is not going to charge you for going to
the site with him,just promise to give him the survey job
and that will settle it.
So why the Land surveyor?
He has the instruments/compass that he will use to know the
coordinates (direction located in map)of where the land
falls into and he has his colleagues at the surveyor
general’s office in Alausa Ikeja who he can easily call
right on your site to furnish him with the condition of
your proposed site. with this you can know if the land
falls under government acquisitions or not.
If there is a survey for the plot before, then do the
photocopy and check by yourself at the surveyor general’s
office Alausa, those guys there may eventually do it free for
you at most you only need to pay N2,000.
(5) Note that you’ve not paid money to accomplish the steps
above. If the site meets the right conditions, then get
your Lawyer, he is to help you ensure the paperworks are
properly done. Omo Onile fears lawyers so having one is
very important apart from other benefits you’ll get from
him. He will make sure genuine papers are gotten for your
property and he is there to defend you, Omo
Onile won’t prey on you if you have a bold lawyer.
Certificate of Occupancy, Deed of assignment,Governor’s
consent, e.t.c whatever you are required to have it is
better to have someone taking off the stress from you.
(6)Make sure you collect the genuine receipt from Omo Onile
after paying for your property fully.
Oversite concrete or german floor avoidable problems
Oversite concrete is often reffered to as german floor by the laymen, others mistook it for dpc,however oversite concrete is the mass concrete that you pour to cover the entire lenght and breadth of a building on the ground floor to serve as a source of additional support to the structural stability of a building especially storey buildings.
Is the mass concrete which is cast after the dpc or damp proof course level has been established.
Going by the definitions above it is clear that this portion as part of a building foundation is one of the most important parts of the building.
Not long ago one of my subscribers asked me on how to salvage an oversite concrete that was sinking/collapsing, before then I had also experienced a poorly done job too that resulted in parts of the concrete collapsing, so with the first hand experience and for the benefits of those that haven’t gotten to that stage of your building project is good you read on.
To have a good oversite concrete these are the steps you must take-
(1) Make sure the soil underneath/ or the soil used to fill the dpc is a laterite and not any other kinds of soil especially loose and peat soil. The filling requires sand that can be compacted to have a good sustainability and the ability to carry the compressive load of concrete coming on top of it. A loose soil in this case will not allow the soil to be easily rammed or beat to compaction hence won’t be good for the task.
(2)If it is recommended to use wire mesh or brc by your Engineer then save yourself of future unending agonies with a few thousands of naira and apply it. The wire mesh forms a ring that helps the concrete to be able to carry its weight and even when the soil underneath is getting more compacted, because of the tensile strength of this wire mesh the concrete is most unlikely to cave in, so make sure you spread it round the building as specified.
(3)Also if it was specified in the drawing that you must use a membrane- just call it a polythenelike material that can be able to block water from rising from the soil to the ground floor or slab, then it is important you also do it. this is usually specified where the ground is waterlogged.
(4)Ensure you follow the right mixture ratio of the concrete, hence you may be faced with a not so strong concrete.
(5) Before the day you will cast, make sure you get all the materials you need in place human,materials and otherwise. If the numbers of people you have is not adequate then you may run into problem , some portion will be left till the next day and you may not have a cohesive single bonded foundation.
(6) Take a day get two bricklayers, let them take the proper level of the dpc round and make sure they apply plumb ( an instrument used in determining the level) round the building with the level established and traced with ropes round, when this is done you are most unlikely to have a badly built house. Foundation is the root of the beauty of any house just as it applies to every facet of life.
(7)When you have casted don’t be in a hurry to remove the sideboard or wooden/iron materials that were used to support the concrete from running off the edge, it is good you give it a day to dry before removal else you will notice cracks around the edges when the boards are removed especially when the concrete mixture ratio is weak.
Make sure the iron rods of the columns/pillars coming from the base of the foundation is aligned and shoots out or longer than the top of the concrete by atleast 450mm or 0.45m or 9 inches.
Causes of Caving in /Collapsing oversite/german concrete
(i) When your contractor wants to make profit and save cost, the mixture ratio of the concrete may likely be weak
(ii)When your project has no capable professional directing the affairs on site
(iii)If you are careless or take no cognisance of little details when executing the project
(iv)Soil underneath not well rammed and when it is not a compacting soil that has ability to bond.
(v)During ramming water must be poured again and again until the soil can no longer compact before you stop.
(vi)When the sides of your structure are not well supported by wood or iron and brace properly.
(vii)Damages on site by workers
(viii)When inadequate or substandard materials are used
(ix)The hollow blocks under the concrete if thats what was recommended must be filled with concrete to give the concrete additional support and help to easily transfer the weight to the ground.
Above all, caution! caution! CAUTION!
hope this have helped.
How To Calculate Materials In Concrete Foundation.
Download images here if not visible
Using images 1 and 2 above and in a bid to also demystify the raft foundation cost, this article will deal extensively on how to calculate your concrete materials like cement, sand and granite that you will use for the foundation.
Often time concrete are mostly mixed in 1:2:4 ratio, when you see such specificationit simply means one bag of cement to four headpans of sand and eight headpans of granite.
Notice that first number represent a bag of cement which is equivalent to two headpans, hence the sand is taken as four headpanss and the granite represented by 4 in the ratio is taken as eight headpans.
Going by this knowledge it is easy for us to do a very fast calculation at least to be close to what we might need on site.
To do this calculation, add the sum of ratio 1+2+4=7
Calculate the cubic volume of concrete for foundation.
Going by the previous article the total lenght of trench was taken as 65.6m
Height of concrete beam is 1.1m or 1100m from image 2
And width is 0.225m or 225mm
therefore total volume of concrete beams =65.6m x 1.1 x 0.225 =16.236
Now divide 16.236 by the sum of the ratio which is 7
16.236/7=2.31943m3
Taking a constant, the volume of a bag of cement is 0.035m3
Divide 2.31943 by 0.035
=66 bags of cement to do all the concrete beams , however don’t forget that cement and sand will also be used for the blinding before the concrete beams are placed .
For the sand reqd.,multiply 2.31943m3 by 2 to know the volume since it is in ratio of 1:2:4
Therefore volume of sand requires =4.63886m3
If we take volume of a tipper as 3.8m3 then
4.63886/3.8=1 1/2 trip of 5 tons tipper for the concrete beam.
For the granite use the same ratio of 1 bag of cement to 4 headpans of sand to 8 headpans of granite
So for granite reqd, multiply 2.31943m3 by 4 to know the volume since it is in the ratio of 1:2:4
therefore volume of granite requires=9.27772
If we take volume of a tipper as 3.8m3 then,
9.27772/3.8=2 1/2 trips of granite (Disregarding water and and other attending expenses
If one bag cost N1,800, then 66 bags =N118,800
And if one trip of sand is N15,000
then 1 1/2 trips =N22,500
And if one trip of 5 tons of granite=N30,000
then granite cost needed =2 1/2 x N30,000
=N75,000
Total=N118,800 + N22,500 + N75,000
=N216,300
For the german floor or oversite concrete-
Multiply the lenght by breadth by the thickness or width of the plan from image.
Add 3.825 +3.95 +1.375 +1.25+4.975+1.25=16.625
Add 3.825+2.910+3.825=10.560
So multiply the sum for the volume=16.625 x 10.560 x 0.2
=35.112m3
To know the number of cement required divide 35.112 by the sum of the ratio which is 7
=35.112 / 7
=5.016m3
Taking a constant, the volume of a bag of cement which is 0.035m3,
divide 5.016m3 by 0.035
=143 bags of cement for the german floor or oversite concrete.
Apply the steps above for the sand and granite,
For sand,
Multiply 5.016 by 2=10.032, now divide by 3.8m3
=3 trips of 5tons sharp sand
For granite,
multiply 5.016 by 4=20.064, now divide by 3.8m3
=5 1/2 trips of 5 tons granite
So if one bag of cement cost N1800
then 143 bags of cement will cost N1800 x 143 =N257,400
And if one trip of sand cost N15,000
then 3 trips of 5 tons sharp sand =N45,000
And if one trip of 5 tons granite cost =N30,000
then 5 1/2 trips of 5 tons granite =N165,000
So total for concrete excluding other attending materials
=N216,000+257,000+45,000+165,000
TOTAL=N683,400
This is hard to understand I believe but you can still study it by bits.
Calculating Reinforcements or Iron Rods in Raft foundation
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Image 1, shows beams of section 1-1,2-2,,4-4 and 5-5 but for this purpose we are going to assume that section 2-2 is used for the entire raft.
Image 2, is the reinforcements details for the raft slab also showing its sections.
Lots of people are considering building their houses around water bodies and the large portions of the highbrow areas in Lagos state are waterlogged so the demand for raft foundation is high.
Starting with image 1 section 2-2 the dots represents the iron rods runners, these are usually the thicker of the rods and they lay them to run round the rings of the raft foundation in this case it is a 16mm rod in 9 places.
The ring which is usually the thinner one is represented by the thick line forming a rectangle of 1100mm x 225mm just as shown on the drawings.
Calculating the runners (16mm rods) we need to know the entire length of the foundation trench (excavated portion of the soil) which we can get from image 2, the trench will be along the dotted lines that crosses the thick square columns or pillars as shown in the drawings, the thick square dots are representing the pillars of the building so the trench are been represented by the dotted lines running and joining all of them, this you can easily calculate since the dimension are already given outside the perimeter “check dimensions A-B-C-D and 1-2-3-4-5-7-8
From our sums the total length of trench is 65.6m or 216 feets. Therefore the 16mm rods we need is (65.6m x 9 rods)/11
=54 lengths of 16mm rods.
11meters(m) is taken as the length of a rod so if the total length is (65.6 x 9) then just divide by 11 as was done above then you’ll know the number of rods you are to buy which is 54 lengths in this case,
If 16mm rods go for N2700/rod then
total for 16mm rods=N2700 x 54=N145,800
16mm on the drawing is represented as Y1601 and Y1602
Now to calculate the rings , remember the total length of the trench or foundation hole round site is 65.6m.
Calculate the length of each ring from the drawing , we take each ring to be approximately (175mm +1050mm+175mm+1050mm)=2450mm or 2.45m. Using section 2-2 for all, our rings will be taken as 12mm rods and they spaced at 300mm or 0.3m from each other or (center to center) (See BEAM drawings on image 1-300 c/c links)
So knowing that each ring is 2.45m, we got that by removing 25mm from the dimensions we have round the section of 225mm by 1100mm, so if you remove 50mm from 225 you’ll get 175mm same as removing 50mm (25mm top and bottom of drawings) for 1100m will give 1050mm , since they are spaced at 300mm to each other ignoring the overlap
that we are supposed to also add just for this purpose ,then to
Calculate the numbers of rings in total trench,
65.6m/0.3m or 65600mm/300mm=219 rings and each ring is 2.45m, therefore total lengths of rings
=2.45m x 219= 536.55
Rods are sold in 11m lengths ,so to know the numbers of rods you are going to buy , just divide 536.55 by 11=48 lengths of 12mm rods.
If 12mm rod is N1600 x 49=N78,400.
Calculating the reinforcements/iron rods in slab ( refer to image 2)
For easy calculation of the reinforcements just follow the specifications by the left of drawing then trace the line on each specification to the drawing then check where there is a dot, the line crossing that dot is what to be calculated. The dots are usually supported by arrows both sides, this indicates where that particular rod suppose to end.
So starting from the top
19Y1201-200C/C,
The total length of this is the broken line spanning the entire drawing so the total length is 3825+3950+1375+1250+4975+1250
=16.625(ignoring the return) multiply that by 19 because that is what is stated at 200c/c=315.875m
Divide by 11m=28 lengths of 12mm rods——-(1)
For second line,
3825+3950+1375=9.15m
divide by 11m=1 length of 12mm rods———(2)
Line 3,
This is a peculiar case the line is approximately 2m not really specified in the drawing but the arrows are in 4 places along that line and four of those rods are to be placed at each point where you have (4) written on the drawing.
so 16 x 2m=32, 32 divide by 11m=3 lengths of 10mm rods———–(3)
Line 4,
6Y1002-250C/CB
Make to be 6x2m =12m
divide by 11m =1 length of 10mm rods ——-(4)
Line 5
Trace line under and check the dot , then calculate the broken line crossing it.
12 x(3825+3950+1375+1250)=124.8, divide by 11
=11 1/2 lengths of 10mm rods—————–(5)
Line 6,
38 X 2=76, DIVIDE BY 11
=7 LENGTHS OF 12MM rods—————-(6)
Line 7,
In line 7, the line was not drawn directly to cross the dot, so trace where the dot is up and you’ll see another dot indicating how the iron rods will be placed ,the line is a broken line
83 x (3825)(ignoring the overlap and return)=317.475
divide by 11=29 lengths of 12mm rods———–(7)
Line 8,
8 x2m=16m, divide by 11m
=1 1/2 lengths of 10mm rods———–(8)
Line 9,
8 x2=16m
=1 1/2 lengths of 10mm rods ———-(9)
Note the short lines are immeasurable and are just estimated to be 2m each
Line 10,
77 x (2.910+3.825)=518.595 divide by 11
=47 lengths of 12mm rods——————(10)
Check the other dot at at the same line up and measure the broken line in our case the return and overlap was ignored.
Line 11
103 x 2 =206, divide by 11
=19 lengths of 12mm rods———(11)
Line 12,
19 x 2=38
=3 1/2 lengths of 12mm rods———(12)
Line 13,
19 x 2=38
=3 1/2 lengths of 12mm rods———(13)
Line 14,
34 x 2=68
=6 lengths of 10mm rods———(14)
Line 15
19×2=38
Divide by 11=3 1/2 lengths of 12mm rods ——–(15)
Line 16,
103 x 2 =206, divide by 11= 19 lengths of 12mm rods
Line 17
6 x 2=12m
divide by 11m=1 length of 10mm rods
Line 18
12 x 4975=59.7m
divide by 11m=5 1/2 length of 10mm rods
Line 19
10 x 2=20m
divide by 11m=2 length of 10mm rods
Line 20
8 x 2=16m
divide by 11m=1 1/2 length of 10mm rods
Line 21
19 x (1250+4975) ignoring overlap and return=130.725
divide by 11m=12 length of 12mm rods
Line 22
30 x 2=60m
divide by 11m=5 1/2 length of 10mm rods
Line 23
15 x 2=30m
divide by 11m=3 length of 12mm rods
Line 24
19 x(1250+ 4975+1250+1375)=168.15
divide by 11m=15 1/2 length of 12mm rods
Therefore total numbers of lengths of iron rods of 10mm=271 rods
If 10mm rods are sold for N1300, then 271 rods
=352,300
And the total for 12mm rods for the slab is =219 rods
If 12mm rods are sold for N1600, then 219 rods=N350,400
Total reinforcements for the raft foundation above is=
N145,800+N78,400+N352,300+N350,400
Total=N926,900
How to start a Construction Company without a Dime or from ground zero.
We sit on and around wonderful opportunities that can turn our lives around and make us the millionaires we eagerly wish for. Quoting Samson Makinwa chairman Techo Quip Ltd on the Wealth Platform of Vol no 3/09 the headline reads it is easy to make money in Nigeria there is money all over the streets yet most people can not see it, I can’t but agree with this sayings.
The first thing you need to have before dabbling into the construction industry is the will, you need the determination to do it and you must be patient because is unlike the other everyday industries where you may have jobs to do throughout the whole year, though your company could grow up to actually achieve that, but for a beginner business may not come even for some months before the breakthrough.
Number two is to learn the trade, you can make friends with a contractor or a professional in the field but with vast experience that you can understudy and learn from, he may actually be your friend or a pure professional you have to contact and arrange a time to work for him to have an idea about how things are run.
The next step after few months training or understudying your mentor then you should be thinking of registering a company , however since you are starting with no money down ,I’ll advise you liasewith an established and register company to work with and write proposals, this you will make an agreement with the business name owner on profit sharing before you can finally stand on your own with your name and organise your office.
What you should naturally do is to get an office but your home address could be your office address or use a friend’s office temporarily.
Without the job all the facilities you are running after will be a waste of time and resources, so I’ll advise you start writing proposals to different companies that may need your services, look for a brother, a church member and other people that could be of help in making sure your proposals passes through the right offices.
Then begin to strongly think of given yourself a proper packaging. I mean people loves to look at things at face value in this part of the world, so you can also meet their expectations by looking very good and in the right frame of mindwhen you’ll be going for a presentation. Wear a suit or a corporate dress well ironed, if possible rent a car with a driver for that day. A man was able to secure a contract of hundreds of millions of naira because he was wearing a rolex wristwatch he borrowed for a business meeting. Same as car e.t.c
Before the big jobs start coming, be a subcontractor to some major contractors, our dailies are filled with the advertisement for subcontractors everytime from big time contractors, check Tuesday Guardian newspaper and others. The money you make will help to stand as a contractor ultimately later on and you can be quoting for jobs directly.
Be articulate and bold, you need this if you are going to win any contract .
Find out where to source for equipments before bidding for any project, all projects have their own peculiarities, do not bid for a project because you are desperate to get a job else you might bite your fingers at the long run.
Pretend and present yourself exactly the way the client will like to see you and feel about you, the client won’t be happy to know you are a hungry man that needs their money to get out of poverty, he will also not be happy he is given out a job of a big magnitude to somebody that hasn’t handle a job of that size before. Avoid what will make the client to doubt your competencies.
Use professionals as business partners and leverage on their expertise, just agree with them on a percentage sharing formula and you are on.
Source loans from families and friends especially when there are no interest or is very low, but make sure you are working for an organisation that will pay you in time and they have a record of prompt payments to their contractors, unlike the government contracts that you may be owed for several years.
Lastly pray for success of your projects.




