₦airaland Forum

Well, during my study years in the university, i came across a school of thought that discouraged building your own house - depending on some factors - because you may end up utilizing money that would have been used for other investments to build to a house when you could have rented a space and saved to grow your money. It is said that the landlords who rent out their houses may never recoup their monies spent on that housing project. It makes alot of sense but still the factors would have to be favourable for you to choose an option of either to rent or build your own house. what do you think?

Ghotze:
Well, during my study years in the university, i came across a school of thought that discouraged building your own house - depending on some factors - because you may end up utilizing money that would have been used for other investments to build to a house when you could have rented a space and saved to grow your money. It is said that the landlords who rent out their houses may never recoup their monies spent on that housing project. It makes alot of sense but still the factors would have to be favourable for you to choose an option of either to rent or build your own house. what do you think?

I will look for a location where I can afford to buy land and build gradually

After building I will attach a boys quarter and put it up for rent

When it gets to the point where I can no longer afford rent or when I am getting old, whichever that comes first, I will move to my house

By that time, that area must have been developed