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Private Vs Commercial Property For A First Time Builder - Properties - Nairaland

Nairaland ForumNairaland GeneralPropertiesPrivate Vs Commercial Property For A First Time Builder (670 Views)

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Private Vs Commercial Property For A First Time Builder by GPSantena(op):
Hello bosses,

This has been bordering me for quite some times now. At any giving time, our taste and lifestyle changes, so do where we live and level of comfort. When it comes to building house, the situation becomes more dicey for me.

I want to start my first building project come 2019 and I am fixed between option of either a 4bedroom with 2room BQ or 3 flats of 3bedroom and two 2bedroom (3,2,2).

The four bedroom is private and the other option is residential. The confusion there is, while I am thinking of just building private for now and develop commercial later when I am settled, other thought is suggesting I should go for the residential, do basic finishing, move in with other tenants and build to taste my private residence later.

I have small family and still in my early 30s so I can still live comfortably with people in same compound.
As a first building which is better please, as dictates from experience. I am open to new ideas, no preference please.

CC: Haj mufutau55, lawyer, twinskenny,  spyder880, darenyx, BrainCONCEPTZ, money121 and others.

God's favour as we end 2018 and more progress come 2019.

Happy new year sirs and ma!
Re: Private Vs Commercial Property For A First Time Builder by GPSantena(op): 9:22am On Jan 01, 2019
It's new year already. Honest opinions are welcome.
Re: Private Vs Commercial Property For A First Time Builder by olaitoro(m): 12:43pm On Jan 01, 2019
GPSantena:
It's new year already. Honest opinions are welcome.
Since your family is still young, you should go for a commercial residency.
It will be a source of additional income to you.
The income from commercial property can be injected in any business from which profits are made.
I believe with time you can always build the private residency of your dream
Re: Private Vs Commercial Property For A First Time Builder by GPSantena(op): 2:41am On Jan 02, 2019
olaitoro:
Since your family is still young, you should go for a commercial residency.
It will be a source of additional income to you.
The income from commercial property can be injected in any business from which profits are made.
I believe with time you can always build the private residency of your dream
Thank you, sir!
Re: Private Vs Commercial Property For A First Time Builder by GPSantena(op): 2:41am On Jan 02, 2019
olaitoro:
Since your family is still young, you should go for a commercial residency.
It will be a source of additional income to you.
The income from commercial property can be injected in any business from which profits are made.
I believe with time you can always build the private residency of your dream
Thank you, sir!
Re: Private Vs Commercial Property For A First Time Builder by olaitoro(m): 6:34am On Jan 02, 2019
GPSantena:
Thank you, sir!
You are welcome
Re: Private Vs Commercial Property For A First Time Builder by YovvInteriors(m): 7:49am On Jan 02, 2019
I think you should make it residential, big enough to accommodate a tenant or two.


For interior works like POP Ceiling, Wall Screeding, do contact us at YOVV INTERIORS - 09026657977
Re: Private Vs Commercial Property For A First Time Builder by GPSantena(op): 11:03am On Jan 02, 2019
YovvInteriors:
I think you should make it residential, big enough to accommodate a tenant or two.


For interior works like POP Ceiling, Wall Screeding, do contact us at YOVV INTERIORS - 09026657977
Noted. Thanks sir
Re: Private Vs Commercial Property For A First Time Builder by GPSantena(op): 11:04am On Jan 02, 2019
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