What is The Cost of Building a Mansion in Nigeria
There is a clear reason why the cost of building a mansion in Nigeria is higher than that of a regular house. First, you’ll need more facilities and workforce, and the construction will take longer.
On average, the cost of building a mansion in Nigeria would be between N100 million to N150 million. And with the increase in prices of lands and imported construction materials, you could spend more for a luxury mansion.
There are various reasons why people want to build a mansion instead of a regular house. One reason is the recent wave of lucrative ventures in the real estate industry. Many people want to become house owners by building for renters.
However, building a mansion is not a ‘walk in the park.’ Sufficient Finance is not the only thing you need —although that is important. You also need a good knowledge of how each phase of this process works. This blog post will discuss the vital part of what you need to know about building a mansion in Nigeria.
What Makes a House a Mansion?
Some major features differentiate a mansion from other regular houses. The real estate definition of a mansion indicates that a house of 5,000 square meters with at least 5 to 6 bedrooms can be considered a mansion.
However, there are other significant amenities that you would commonly find in a mansion. Quality materials from the floors to the steel and other items used in the building. You are also likely to see high-end countertops and some other decorative pieces.
Another core part of identifying a mansion is through its leisure spaces. Inside or around the house, you can expect to see a library, spa rooms, gym, music room, etc.
Depending on its location, a mansion will likely have a lake house. You might also see ponds, pools, green spaces, and a garden.
These luxurious features distinguish a mansion from other normal houses. Great property management can also help these types of mansions appreciate rather than the opposite. Getcrib is a reliable platform that can help connect homeowners of basic and luxurious houses and mansions with renters.
Cost of Building a Mansion in Nigeria: All You Need To Know
Getting the exact cost of building a mansion in Nigeria can be tricky, but with an idea of what you should expect from the whole building and construction process, you should be able to get an estimate.
This section will explain everything you need to know about building a house in Nigeria from start to finish.
Acquiring Land
Buying land is the first step when building a mansion in Nigeria. The space must be big enough to accommodate the luxurious rooms and leisure areas. The land is measured in plots or acres, a huge deciding factor affecting the price and the site’s location.
Getting land in an urban settlement in Nigeria would start from N10 million minimum. Land can be as expensive as over N100 million on the higher side. So, you have to ensure that the space and size would be worth the money, considering that a mansion would be built on it,
Architectural Drawings
Every building plan must be approved by an architect responsible for designing the house’s structure and other parts. You need them to convert your designs into an image, which can be expensive, especially if you want quality work done by a professional.
This section of the building can cost between N750,000 and N2,000,000. Architectural drawings cover various categories, including electrical, plumbing, and mechanical drawings.
Quantity Survey
Building materials and other facilities on construction sites need to be bought in the correct quantity. This phase involves the ‘bill of quantities, ‘ which contains the cost of materials required for the building project.
If you are working with a quantity surveyor or a real estate company, they can offer the bill of quantities. Alternatively, you can contact Getcib for more information because it’s something we’re looking at in 2025.
Building and Construction
Now, we move on to the main part of the process. The building structure is the skeleton of the house and requires a strong foundation. Getting high-end building materials is essential to laying a strong foundation and building a reliable house structure. These materials would be the best for cement, blocks, sand, granite, and laterite.
Labor is crucial in building and construction, as having workers willing to adhere to the timeline can be priceless. Contractors and engineers also play crucial roles in this building process phase. You also need skilled hands to oversee the construction of the building. So, it is advisable not just to hire any roadside bricklayer to build a mansion.
Design and Finishing
Design applies to both the interior and exterior parts of a building. Styling and color beautification are one aspect of the finishing touches. House designs typically include lighting, patterns, wall screeding, etc. POP and other installations can also be part of this process.
Getting a good designer for your designs across every section of a mansion would cost around N1.5 million. The price could even go higher with bigger mansions and more rooms.
You can also do designs on the exterior parts of the house, including flowers, garden plants, and other decorative ornaments.
Build or Buy a Mansion In Nigeria: Which is Better?
Choosing from the options can be a big decision, as you must consider various crucial factors. The cost is one of the biggest factors to consider, but this alone can be difficult to tell. You can buy a mansion for not less than N10 million at least. But it could also be priced as high as N500 million.
On the other hand, building a house is not cheap, as you have to spend on expensive materials. The average cost of building a mansion in Nigeria would be between N20 million and N150 million, depending on the size and location.
Aside from the price, there are other crucial factors to consider, both of which benefit the respective options of buying or building a house.
Buying a house can be the better option to reduce the stress and hassle of overseeing a building project from start to finish. However, it is often less expensive to build a house as the price of buying a luxurious place such as a mansion can be on the high side.
Building a house also comes with an advantage other than the possibility of paying less. In this case, you are more likely to have your house appreciate rather than depreciate over time. An important factor in making this possible is through proper management from Greg.co, as we have various solutions homeowners can explore. This option also allows you to customize your house’s design, structure, and plan without little renovations, as might be the case with a property you bought.
Another benefit of buying a house is the quick timeline of ownership compared to building a house. Building a mansion in Nigeria from scratch could take months and sometimes even years; you can skip all that hassle by buying a property.
Location is another factor to consider in both options. Building a house in an urban settlement can be challenging as there is less land available to buy. So, you might have to settle for alternatives far from school, work, family, and friends. It is easier to buy a house in an urban settlement than land to build on in the same area of town.
However, there may be exceptions to these conditions. So, it is vital to do your research and find the best options. You can also contact Greg.co if you want to see our listings and explore the options.
Wrapping Up
Building a mansion in Nigeria is a major investment that involves various factors such as land acquisition, design, and construction. Depending on location and materials, the cost can range from N100 million to N150 million or more. However, the benefits of owning a custom-built mansion are substantial.
Whether you choose to build or buy, you must consider your budget, long-term goals, and location. Working with reliable professionals and property management services like Getcrib can help streamline the process, ensuring your mansion project is both successful and rewarding.
