Consider getting the keys to your ideal house from the builder or the seller in Kigali. You put the key in and turn it. The door glides open effortlessly. Your eyes move quickly throughout the sitting room. Yes, indeed! You nod, pleased with what you see. You remain fixed on the location, overcome by emotions. You’re taking it all in at the same moment, believing and disbelieving. You finally come to terms with the fact that this is your new home. You’ve arrived at your desired location.
So, what’s your plan for getting there? Do you want to purchase a ready-to-move-in home? You have the option of buying a completely new home. Alternatively, you can buy a pre-owned home. Alternatively, perhaps you want to build one from the ground up?
Here are a few tips that may help you to decide:
Know your budget
You have a budget or an estimate of how much you want to spend already. Now consider this: which one will be more expensive? Is it a house that you want to build from the ground up, a built and used house that you want to upgrade or repair, or a brand new house that has just hit the market?
Remember that you must first buy land before you can build a new home. Consider the cost of land, construction supplies, and labours. How do all of these costs compare to the cost of a brand new home or a home that has been lived in, including the cost of repairs, if any?
Whatever your decision, consider the financial ramifications before deciding whether to buy or build.
When do you want to start living in your new home? It takes time to construct a new home. It may take some time to determine who owns the land. It may also take some time to obtain the proper building permits. Then the construction process begins, which could take weeks or months. Are you willing to wait a long time?
If you want to buy an existing home, think about how long it will take you to discover one that meets your requirements and is within your budget.
Often, people decide to build their own houses so as to have the freedom to decide what the building ultimately looks like. They want to customise every part of the house, from flooring to colour schemes to ceiling height, just to fit their preferences. Is that what you want; to build your dream house just the way you have envisioned it? Then for you, buying a ready one will not do.
You consider building your new home instead of buying an existing house. Do you have the right contractor who will deliver a decent house? Can you be certain that the workmanship will be excellent? Does the contractor have a good track record?
What assurances do you have that the materials to be used in construction will be of the highest quality? Or, would you be better off buying a high-quality, existing house that has been well-maintained or even a brand new one?
A decision on whether to buy or build a new house is a tough one. Both options have advantages and disadvantages. However, you must conduct extensive research in order to arrive at a decision that is appropriate for your circumstances.
You may decide to consult a reputable real estate company in Kigali to act as your guide and mentor on your homeownership journey. This decision will save you a lot in the long run. Kindly, reach us through the website eMall Property or call/WhatsApp us at +250788385831.