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Buying a House or to Build-Pros and Cons
propertyzote
#1 Posted : Wednesday, May 04, 2011 1:12:11 PM
Rank: Member

Joined: 8/25/2010
Posts: 283
Location: Nairobi
I have been frequently asked this question. Fellow wazuans thrown in your take on this.
Building a house works for me. I got to design my own plan,and construct at my pace. I got valuable advice from my paps. "Mwaga mawe na kokoto kwanza,they will never go stale. Weka foundation na slab and the story goes" thats how my dad practically build the house we grew up in. It was fully completed when i was in class 5. Mind you he had 4 mouths to feed plus school fees.

Regardless of whether to build or to buy, it may make sense to invest in a conventional property, since idiosyncratic houses are generally much harder to sell. That said, with an ambitious aesthetic design, or if you plan to buy and stay in a particular house for decades (life time) what is the cost & mental implication comparison.
www.propertyzote.com the ultimate ‘one stop online shop’ of choice connecting more people with more properties at the click of a button
mukiha
#2 Posted : Wednesday, May 04, 2011 1:30:52 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Just depends on you:

Building for yourself is cheap, but you have to deal with the headaches of managing fundis who want to steal from your at every opportunity... and then the laborers go on strike demanding higher pay after mixing the concrete! Finally, the hidden cost of supplying utilities to the house...which is probably 3km from the nearest transformer, tarmac road, water main and.... nearest neighbour, so you have to employ three watchmen at night and four in the daytime!

Buying is just simply more expensive... can be as high as three times more depending on your timing. Minus the joy of customising the house to your wife's taste [a mistake many men make is to build their "dream home" forgetting that their wives spend three time more time there than them!]; of keeping yourself busy after work [paying out fundis] instead of drinking yourself silly pretending to be having fan "with the boys".
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
mukiha
#3 Posted : Wednesday, May 04, 2011 1:33:44 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
propertyzote wrote:
I have been frequently asked this question. Fellow wazuans thrown in your take on this.
Building a house works for me. I got to design my own plan,and construct at my pace. I got valuable advice from my paps. "Mwaga mawe na kokoto kwanza,they will never go stale. Weka foundation na slab and the story goes" thats how my dad practically build the house we grew up in. It was fully completed when i was in class 5. Mind you he had 4 mouths to feed plus school fees.

Regardless of whether to build or to buy, it may make sense to invest in a conventional property, since idiosyncratic houses are generally much harder to sell. That said, with an ambitious aesthetic design, or if you plan to buy and stay in a particular house for decades (life time) what is the cost & mental implication comparison.

Think again about your domain name: I thought it was propertyzoNe....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
sumit.dpfoc
#4 Posted : Wednesday, May 04, 2011 1:52:52 PM
Rank: New-farer

Joined: 3/31/2011
Posts: 6
Hi,

I think buying a house is better then building. Building process can save your money but it will not give you peace of mind and you also have to wait a lot of time for it. If I were at your situation, I will prefer buying the house.
Chaka
#5 Posted : Wednesday, May 04, 2011 2:01:13 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
What I don't like about building where there is no sewer line is the sh.t business.I had once had a plot at Ongata Rongai but changed my mind about building there because he whole place had this sh.t smell....Sad
tuvok
#6 Posted : Wednesday, May 04, 2011 2:03:21 PM
Rank: Member

Joined: 5/2/2007
Posts: 536
How about getting a construction company (small or otherwise) to do the job for you?

*Ideally* agree on the budget, housing plan, schedule of payments etc then a contract. Anyone done this before? This is the route I'm intending to take at some point.
mukiha
#7 Posted : Wednesday, May 04, 2011 3:15:59 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
I think if the house is for commercial purpose and not your home, you should build it yourself and therefore improve your ROI. For a home, just buy it and save yourself the headache, plus move into it immediately and have time to enjoy the "newness"
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
propertyzote
#8 Posted : Wednesday, May 04, 2011 3:39:09 PM
Rank: Member

Joined: 8/25/2010
Posts: 283
Location: Nairobi
@tuvok your take on this commendable.I agree with you. Putting some professional input.Has anyone tried this out?.@mukiha some economical minds there ROI.The site is propetyzote.com lots of guys have had it twisted nevertheless, the idea was give it local sawhili term "zote" yani property zote in East Africa.@chaka for your situation you would have considered investing in a big sewer system that is emptied occasionally. What was your plan a home or commercial property.?
www.propertyzote.com the ultimate ‘one stop online shop’ of choice connecting more people with more properties at the click of a button
2012
#9 Posted : Wednesday, May 04, 2011 3:59:48 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
A lot of headaches in building but you won't get the kind of home you want to build for 5 times the price if you choose to buy. I'm currently building and the house I'm building would have cost me over 25m if I was to buy it so I guess the headache is worth it plus how much can the fundis really steal? At most I give it 1m.

BBI will solve it
:)
Burning Spear
#10 Posted : Wednesday, May 04, 2011 5:15:31 PM
Rank: Veteran

Joined: 7/22/2008
Posts: 1,139
tuvok wrote:
How about getting a construction company (small or otherwise) to do the job for you?

*Ideally* agree on the budget, housing plan, schedule of payments etc then a contract. Anyone done this before? This is the route I'm intending to take at some point.



my colleugue almost landed into a hospital with high BP because of the same conmen you are baptising construction companies.

These are people who want to maximize and get huge profits when they use substandard materials for your house.
You should be very cautious especially when the said companies quote less to win the job.

Buying a house is also not ideal,first its exaggerated price and also substandard materials dominate your house....who saw a woman crying on TV sometimes back coz of a flat/apartment she bot at ksh 9million in parkland leaking from above floor in 6months.

To avoid this,go to the site and build it yourself,even if the fundis steal from you,it will be small compared to buying.Furthermore,a business yenye haibiwi does not make returns.
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
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