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Nairaland Forum / Nairaland / General / Properties / Buying Or Building A House.. Which Is Better? (14395 Views)
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Buying Or Building A House.. Which Is Better? by Nobody: 6:56am On Apr 19, 2017 |
The thought of buying a land and erecting your own building to your own taste is good but isn’t buying an entire house anew without going through all the preambles better? Many people have actually reached a deadlock in an attempt to take a decision on the aforementioned premise. We would be taking a critical look at the merits and demerits of both choices. 1. RISK INVOLVED IN THE CONSTRUCTION OF NEW PROJECT A building that’s being erected can collapse in the course of its construction if adequate care is not taken. Poor workmanship can ruin a new structural piece that’s in the offing especially if you are not at liberty to personally inspect your building project due to a busy schedule. Albeit a house that’s already standing and is up for sale as at least scaled the hurdle of construction and may hopefully stand for the entire period you live in the property. 2. ABSENCE FROM THE CONSTRUCTION SITE However there is another angle to the above, which is the fact that you may not be privy to information as to the manner a new building that’s up for sale came to existence. That is to say in the event that a shoddy work was done on the property you acquired then you may just have lost the property before you even start to enjoy the dividends of your investment. An already built house won’t offer the luxury an on-going project offers you in terms of inspection of the work that’s been carried out. It ensures you guard against the use of sub-standard materials which basically leads to structural deformation. 3. BUILDING TO YOUR OWN TASTE When you are constructing a fresh building you have a picture of how your house would look like. A new building project under construction offers you the opportunity of designing your house to your taste and loving every bit of it. Because a plan was arched prior to its construction you would love the house even before it formally comes to life. On the other hand, with a fresh house you can achieve little or nothing with changing or remodeling and even if you try to remodel, it will only mean extra bucks! 4. POOR WORKMANSHIP Poor workmanship from a bad contractor can make that new house you are building a disaster. However you can spot a haphazardly built and designed house and avoid it when you want to buy one. 5. A FRESHLY BOUGHT HOUSE OFFERS VARIETIES Fresh houses that are up for sale offers you a pool of choices. You can choose from a variety of what the market begets, in your preferred location depending on how fat your pocket is. Unlike a house you have to erect; once your building stands you are left with no choice anymore. Too bad if you made bad choices or opted for wrong options in your design and the final outcome becomes a nightmare. 6. APPROVAL PROBLEMS Building in Nigeria comes with its challenges especially in recent times. Quite a number of people meet huge brick walls when seeking and getting approvals for their building projects and one of them is the town planning permits/government allocation. You may encounter problems getting approval for your building project, nonetheless an already built one is most likely approved, so you don’t need to bother yourself about the town planning authority. When it comes to this, buying a house is usually the best alternative. 7. COST Building a house afresh is most likely going to cost you less especially if well managed while buying one from an agent/real estate person will cost more because those that build also expect huge returns for their project. 8. STRESS The stress and pressure that comes with erecting your own house is enormous. If you are not the type that can cope with the rigours of building projects then buying an already built house is the answer. It saves you the stress of monitoring your building project the entire period… 9. PERSEVERANCE Building a house takes a lot of time and effort. If you are someone who doesn’t like to wait or you are not a patient person; If you want to move in very fast then you need to buy rather than build. 10. DEALING WITH CHEATS It will be the loss of a cheating contractor when you decide to buy a house. There is every likelihood that a contractor will cheat you in the course of a building project. Albeit when you buy, the only person that can cheat you then is your property seller. 11. AVOIDING HARASSMENT AND EMBARRASSMENT The menace of omonile’s and area boys in the course of building could get worrisome. If you can’t handle the drama then buy a house. You would have succeeded in avoiding the harassment, intimidation and embarrassment in some cases. So what do you think? Which would you say is safer and better? Buying a freshly built house from reputable real estate firms like www.naijapropertiesonline.com or acquiring your own land and building on it? Source: www.nigeriarealestatehub.com/building-buying-house-better.html/ www.naijapropertiesonline.com |
Re: Buying Or Building A House.. Which Is Better? by HolyCraig: 7:18am On Apr 19, 2017 |
Buying is nice, but building is fun. 10 Likes 1 Share |
Re: Buying Or Building A House.. Which Is Better? by jbkomo(m): 7:18am On Apr 19, 2017 |
Buyin and renovating is better. No stress, fraud reduced and omo onile and lasra whala gone 17 Likes 3 Shares |
Re: Buying Or Building A House.. Which Is Better? by HolyCraig: 7:18am On Apr 19, 2017 |
Informative |
Re: Buying Or Building A House.. Which Is Better? by Atiku2019: 7:18am On Apr 19, 2017 |
Building, if you have the time to supervise 14 Likes |
Re: Buying Or Building A House.. Which Is Better? by Notion(m): 7:18am On Apr 19, 2017 |
Yea |
Re: Buying Or Building A House.. Which Is Better? by nickxtra(m): 7:19am On Apr 19, 2017 |
I prefer to build from scratch. It rocks 14 Likes 2 Shares |
Re: Buying Or Building A House.. Which Is Better? by babyfaceafrica: 7:19am On Apr 19, 2017 |
Doesn't matter..do what you your pocket can carry 4 Likes |
Re: Buying Or Building A House.. Which Is Better? by Nobody: 7:19am On Apr 19, 2017 |
babyfaceafrica: It matters brother. My bro built a house with six million and sold if for 12. Buhari where ever u are I am saying good morning to u. You shall live long Buhari 15 Likes
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Re: Buying Or Building A House.. Which Is Better? by ORACLE1975(m): 7:19am On Apr 19, 2017 |
building sir to sure. 1 Like |
Re: Buying Or Building A House.. Which Is Better? by Nobody: 7:19am On Apr 19, 2017 |
Buying. |
Re: Buying Or Building A House.. Which Is Better? by femiranking28(m): 7:19am On Apr 19, 2017 |
Come and buy mine at Osborne tower. It's very cheap 3 Likes |
Re: Buying Or Building A House.. Which Is Better? by femi4: 7:19am On Apr 19, 2017 |
I wan do both |
Re: Buying Or Building A House.. Which Is Better? by Jarus(m): 7:20am On Apr 19, 2017 |
If you have money on ground, buying may be preferred. More expensive but saves you stress. 3 Likes 1 Share |
Re: Buying Or Building A House.. Which Is Better? by juniior(m): 7:20am On Apr 19, 2017 |
Notion:yea to what?? |
Re: Buying Or Building A House.. Which Is Better? by iambijo(m): 7:21am On Apr 19, 2017 |
I rather build my own 1 Like |
Re: Buying Or Building A House.. Which Is Better? by girlhaley(f): 7:22am On Apr 19, 2017 |
Building it yourself is great but I'd prefer buying |
Re: Buying Or Building A House.. Which Is Better? by angeltolly(f): 7:23am On Apr 19, 2017 |
With the rate of building collapse in recent times its better to build your house by yourself at least you will ensure inferior materials are not used........ (if lekki gardens can collapse killing people on site how much more builders without famous brand) Well except you are just careless. Also you can make any adjustment or design of your dream house not just fitting forcefully into another businessman's dream 2 Likes |
Re: Buying Or Building A House.. Which Is Better? by UrennaNkoli(f): 7:23am On Apr 19, 2017 |
building is better and cheaper. |
Re: Buying Or Building A House.. Which Is Better? by akanbiaa(m): 7:23am On Apr 19, 2017 |
Conclusion is most above average wealthy people prefer buying house while below average prefer building it all depends on pocket power. 5 Likes |
Re: Buying Or Building A House.. Which Is Better? by passyhansome(m): 7:23am On Apr 19, 2017 |
This kind building 4 Likes
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Re: Buying Or Building A House.. Which Is Better? by money121(m): 7:24am On Apr 19, 2017 |
Ok Material: *Aluminum (0.45mm thick)* Client: Nairalander Style: *Steptiles* Colour: North brown and biegi *Roof:* 317.2m @ N1800/sqm = *N570,960 *Flashing:* 58.05m @ N1700 = *N98,685 *Cladding:* 64.14m @ N1700 = * N109,038 *Accessories:* = *N30,000* *Workmanship:* = *N65,000* Bending =#5,000 Transportation=#27,000 *Total* = *N905,685* Location: Moniya in Ibadan Oyo State Call/WhatsApp 080-85-310-359 For Your Next Roofing Project 2 Likes
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Re: Buying Or Building A House.. Which Is Better? by AdeniyiA(m): 7:25am On Apr 19, 2017 |
Like asking which is better between cooking your food by yourself or buying cooked one 6 Likes |
Re: Buying Or Building A House.. Which Is Better? by remiopash: 7:26am On Apr 19, 2017 |
Building is far better because you will determine and witness the quality of materials and design being used to erect your edifice.If you buy,you will ultimately bear the cost of poor quality materials and design,unless,you are fortunate to buy from a good builder. |
Re: Buying Or Building A House.. Which Is Better? by nairalandfreak(m): 7:26am On Apr 19, 2017 |
juniior:Guy calm down.. you dey vex o |
Re: Buying Or Building A House.. Which Is Better? by danigbo(m): 7:30am On Apr 19, 2017 |
Buying land in satellite towns is very cheap. It is bether to build to your tastes especially if you are going to live there. |
Re: Buying Or Building A House.. Which Is Better? by Nobody: 7:30am On Apr 19, 2017 |
Already built houses for sale are highly inflated and is always@ a fixed price.But will save you more when you build youself,also Pade room in taste or Quality of materials you need for your building. |
Re: Buying Or Building A House.. Which Is Better? by Afam4eva(m): 7:32am On Apr 19, 2017 |
If you have the money, then building is better because you can build the house according to your taste. The only downside of building is that you may not get a favourable location whereas you can buy a house in any location. 5 Likes |
Re: Buying Or Building A House.. Which Is Better? by Alasi20(m): 7:37am On Apr 19, 2017 |
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