I Am Confused Between Building Or Buying A Flat - Properties

I Am Confused Between Building Or Buying A Flat - Properties - Nairaland

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I Am Confused Between Building Or Buying A Flat by BornToSucced(op): 5:08pm On Sep 01, 2021

I am really confused right now.

I am stuck between buying a one bedroom apartment in a prime estate in Ikota, Ajah at a total cost of 30m. The rental per annum around the area should be 1.5m - 1.8m. Payment plan is 13 months

However, another mind is telling me to use the 15m cash I have with me to start my 8 unit bedroom miniflat in Awoyaya. I already have a 2 plots for this and the building plan is almost ready. I know the 15m won't complete the project, so I had stop wherever the money is exhausted.

Please share your opinion if you were in my shoe. Thanks

Re: I Am Confused Between Building Or Buying A Flat by wetdspace(m): 5:15pm On Sep 01, 2021

Bro why not start the awoyaya and buy a lease at yaba and rent it out?
I have more details on the above and you’ll never regret it.

Zero-seven-zero—double three— two—five—nine— three—-five—eight.

Call me and I’ll send you an explanatory video.

Re: I Am Confused Between Building Or Buying A Flat by anthonyuncle(m): 6:03pm On Sep 01, 2021

building is cheaper but a bit stressful.

i can help you with architectural & structural designs

1 Like

Re: I Am Confused Between Building Or Buying A Flat by BornToSucced(op): 8:25pm On Sep 01, 2021

anthonyuncle:
building is cheaper but a bit stressful.

i can help you with architectural & structural designs

Thanks

Re: I Am Confused Between Building Or Buying A Flat by BornToSucced(op): 8:26pm On Sep 01, 2021

More opinion please.

@spyder
@justwise

Re: I Am Confused Between Building Or Buying A Flat by Richheart72: 7:44am On Sep 02, 2021

To better assist you, I'd love to know a bit about your plan.

Let's look at the following questions:

1. What type of block of flats are you envisaging?(3beds,2beds,1bed)

2. What's the current rent rate for your preferred Choice in question one?

3. How many units do you intend to build on your 2plots of land?

BornToSucced:
More opinion please.

@spyder
@justwise

Re: I Am Confused Between Building Or Buying A Flat by BornToSucced(op): 8:10am On Sep 02, 2021

Richheart72:
To better assist you, I'd love to know a bit about your plan.

Let's look at the following questions:

1. What type of block of flats are you envisaging?(3beds,2beds,1bed) ———1 bed

2. What's the current rent rate for your preferred Choice in question one? ——-1.5m - 1.8m

3. How many units do you intend to build on your 2plots of land? —————-8 units

Re: I Am Confused Between Building Or Buying A Flat by BornToSucced(op): 2:06pm On Sep 02, 2021

Richheart72:
To better assist you, I'd love to know a bit about your plan.

Let's look at the following questions:

1. What type of block of flats are you envisaging?(3beds,2beds,1bed)

2. What's the current rent rate for your preferred Choice in question one? See response below please

3. How many units do you intend to build on your 2plots of land?

1 Reply

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