Burning Spear wrote:
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.
I also would go by building... anytime. I dont mind putting an allowance that will be "stolen" and pay slightly higher for a reliable foreman - at least i know someone i can reliably use for now (professional not relas).
My problem with buying is that it is unlikely i can raise cash for the kind of house i want. That means, i would have to take up a mortgage. Now, this mortgage, the amount i have to repay in monthly installments if you factor in interest, is obscene. If i diligently put in that money into savings and construct in phases, i can finish in two or three years max... infact, it would be a habitable house in the first few months.... I dont like imagining what would happen if things went south and i was on mortgage..... And dont tell me about "insurance" because those crooks are in business too and will look for all the ways to avoid payment if they can!