So you’ve decided it’s time to own a property but you are torn between buying your house or building it from scratch. It is a normal real estate riddle: should I buy or build, which is cheaper? In Nigeria, erecting a structure might seem the way to go but thinking about the issues that come.
It’s the classic home buyer’s conundrum: Should we build, or should we buy? Each option has its pros and cons. For instance, building a house from the ground up will give you the floor plan you want, but it will take months to construct. If you buy an existing home, you might have to compromise.
Whether you’ll buy an established house or build a new one, property experts say both options have their advantages. One of the main advantages of building a new house is that you can decide exactly.
For many people, deciding whether to buy or build comes down to money. While the general rule of thumb is that building costs more than buying new, that is not always the case. Building a smaller home in a rural area will likely not cost as much as buying a large home in a big city.
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