In order to answer this question
effectively, I need to walk you through certain factors. So a thorough comparative analysis will help you see the situation from different
perspectives. This will guide you in making the
right decision you will be happy with.
When Buying a House
1. Already built house was built to the taste and
standard of another person which may be different from yours. Therefore, you
may not like certain aspects of the house.
2. It
is difficult to know the quality of materials used to build the house. Some houses built with poor materials have been
given good finishing, so unsuspecting buyers hardly detect it.
3. Consider the cost of renovation and maintenance: some old houses would need a
heavy make –over and this will drain your resources more than you anticipated.
4. Risk
of purchasing fake building is a bit
lower compared to acquiring a land to build a new one
5. Old
houses have shorter life-span compared to new ones
Issues Regarding Building a New
House
1. You
have opportunity to determine your taste from scratch.
2. You
monitor the building for quality compliance and proper utilization of materials
3. There
is a higher risk of purchasing a fake land for the project unless a thorough
investigation is carried out
4. You
may not have the time to supervise the building project from scratch to the finish
5. Contractor
handling your building project may not be judicious or sincere. He could divert
or steal materials. Click here to see the tricks of some greedy contractors
6. You
could run out of money in the middle of the building project if proper
calculation was not made at the start.
In my analysis, I have carefully
considered the pros and cons leaving
you to draw the right conclusion. What works
for one may not work perfectly for the other. Cheers!
Call 07054107283 or 07031384722 for a consultation. Please, leave a comment if you appreciate this article.
For Sale: 4 Bedroom Bungalow in Airport Road, Ulemon, Benin City. On 100 x 100. Price: 20m asking
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