Should I Consider to Buy a House or Buy Land to Build a House?
Should You Buy a House or Buy Land to Build a House
The ache to buy a house or buy land to build a house lives in us. Having a place you call home is the core of our existence as humans. It is no surprise that the house hunt for a perfect home is vital to potential homeowners.
To buy a house or buy land to build a house is a tough question each homebuyer asks themselves. It is an important decision of home ownership. You have to choose an option that is not only friendly to your pocket but best suited for you and your needs. While some opt to buy land to build a house, buying a ready house is becoming more popular. What influences homebuyers’ decisions include the location, prices, and current market trends among others.
In this article, Revohouse Limited, compares buying a ready house and buying land to build a house.
Buying a Ready House
In this modern era, everyone is looking for convenience. Unlike buying land to build a house. Buying a house is more convenient if you wish to move in as soon as possible. Since it’s an existing home, moving in is usually a speedy process making it more appealing to home buyers. This makes it a better option, especially for people operating on a tight schedule.
In most cases, buying a house requires you to settle for the house as it is. Real estate companies usually design uniform house types, similar designs, with similar features. Buying land to build your house gives you the freedom to customize your forever home how you desire. However, Revo Homes is an off-plan project. This allows you to customize your house how you desire. This is a plus for homebuyers. Besides,
Revo House Limited guarantees you unit completion within 4 months upon a booking fee of KES 2 Million.
Buying a ready house assures you quality workmanship from a trusted real estate developer. This year has seen many house projects in Kenya collapse. This is owing to amateur and scam construction consortiums and companies. Opting to buy land and construct your house makes you an easy target for scammers. You might fall prey to con land sellers, scammers, fake construction professionals, and construction firms.
Buying a house from a real estate firm relieves you from all the burdens and worries of construction. Qualified real estate companies help in streamlining the house-hunting process. This gives you peace and value for your money.
At a face value, buying a readymade house can be more expensive than constructing your own. This depends on the house’s location, features, and preferences. It’s advisable to set a budget and stick to it. You can also look for houses with favorable payment options. E.g Revo Homes in Kitengela has flexible payment plans which extend to 15 years or more. You can own a house at Revo Homes at a cash price of KES 7 Million only. Alternatively, you can get them through a mortgage. In liaison with mortgage providers, you can own a unit at Revo Homes at a pre-negotiated rate of 9.5% p.a upon paying a deposit of Ksh.1 Million or as advised by your financier. This is in compliance with Kenya Mortgage Refinance Company(KMRC).
Learn more about our payment plans here.
Serenity, security, and tranquility
Most homebuyers, if not all, crave living in a serene, tranquil and secure home environment. Living in a gated community is the most tranquil way to enjoy your forever home. The firm walls and other security features act as a barrier, protecting you from the outside world. This allows you to feel safer and at ease.
Readymade houses are in most cases inside a gated community. This makes them more secure than constructing your own house whereby you are tasked with ensuring your own security.
Looking for a modern home with a countryside feel? Revo Homes are one of the prime homes in Kenya. They are conveniently located in the fast-rising Kitengela town along Namanga Highway. It comprises elegant 3-bedroom bungalows all en suite in a secure gated community.
Buying a house also gives you the freedom to choose your preferred neighborhood. This is the case if you wish to live near a town, work, school, or friends
In conclusion, the decision to buy a house or buy land to build a house lies with you and what option you want and can afford.
ALSO READ: The Advantages and Disadvantages of Gated Communities
FAQs on Buy a House or Buy Land to Build a House
Is buying land and building a house cheaper than buying a house?
Building a house demands close supervision of the construction. If not so, you may end up spending more money on repairs and penalties. Buying a house saves you the time and trouble of construction. Oftentimes, ready houses are connected to electricity lines, water, and sewer systems.
How long does it take to build a 3-bedroom house in Kenya?
House construction is usually affected by the building times in the region, approval timelines, availability of resources, etc. Building a house in urban areas is quicker than in rural areas. It takes up to four months to build a 3-bedroom house to completion.
How much do I need to buy a 3-bedroom house?
On average, buying a modern 3-bedroom home located in a gated estate in Kenya starts from KES 6.5 million. Revo Homes offer magnificent 3-bedroom bungalows that are all en suite. The cash price is KES 7 Million only, Booking Ksh. 2Million.
How do I build a house cheaply in Kenya?
It is advisable to work with construction professionals whenever you consider building. Revo house limited are real estate developers in Kitengela. They will advise on budgets depending on your brief. Avoid shortcuts as you might fall prey to scammers & cons.