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Hey there, now that you are here, let us look into a big question
for anyone thinking about settling down in Nigeria:
is it better to build your own home or buy one that’s already standing?
It’s a decision that can affect your finances, your lifestyle and even your peace of mind.
Let’s break it down step by step so that you will understand more.
Building your own house in Nigeria has some real perks.
First off, you get to call the shots on everything from
how many rooms you have to the style of your kitchen.
It’s like building your dream from the ground up.
But here’s the deal – customization comes at a cost.
The price tag can vary a lot depending on where you’re building,
the materials you choose, and who’s doing the building.
One big factor is where you choose to build.
Read – I Want To Build a House on My Land Where Do I Start
In places like Lagos or Abuja, land prices can be sky-high compared to more rural areas.
And then there are the materials.
Imported stuff can be pricey with all the taxes and inflation,
while local materials might save you a bundle.
And don’t forget the workers – they’ve got to get paid, and skilled labor costs more, especially in big cities.
Why go through the trouble? Well, building lets you make a house that fits you like a glove.
It’s all about your taste and needs.
Plus, if you play your cards right, building can sometimes save
your money compared to buying a similar place.
Building isn’t all rainbows and unicorns. It takes time months, even years.
And trust me, unexpected costs is likely to pop up.
Plus, overseeing a build can be a real stress-fest.
Read – How many months does it take to build a house in Nigeria?
However;
Buying a house offers the advantage of immediate occupancy.
Once the purchase process is complete, you can move in without waiting for construction to finish.
This option is convenient, especially if you’re looking to
settle quickly in a neighborhood with established amenities.
The cost of buying a house varies based on factors such as location, property condition, and
market trends. In popular areas, prices tend to be higher.
Newer or renovated houses typically cost more than older ones that may need repairs or upgrades.
Additional costs associated with buying a house include legal fees,
property transfer fees, and taxes.
These expenses should be factored into your budget when
considering the overall cost of purchasing a home.
While buying provides immediate occupancy and avoids the stress of construction,
it may limit your ability to customize the house exactly to your preferences.
You’ll have to choose from available properties, which may not meet all your requirements.
Read – Building Materials Used for Building Houses in Nigeria
So, What’s the Bottom Line?
When it comes down to it, whether building or buying is cheaper in Nigeria depends on you.
Think about your wallet, your timeline, and how much say you want in your new digs.
There’s no one-size-fits-all answer, but weighing the pros and cons can help
you make the call that’s right for you. Happy house hunting!
Building a house can get easier and more fun if you employ the services of a qualified and reliable design-build company as Bullionrise consult.
