Building vs. Buying: A Charming Adventure in Uganda's Housing Puzzle
The age-old debate of building versus buying a house is like choosing between an adventure-filled treasure hunt and a pre-packaged mystery box. In Uganda, where the demand for housing is skyrocketing, this decision is more significant than ever.
Whereas building a house gives you the freedom to create your dream space, but it can be costly and time-consuming. You'll need to factor in the cost of land, permits, and construction materials, as well as the possibility of unexpected delays. But the end result is a home that is truly unique and tailored to your needs with a sentimental value that can never be matched.
Buying an existing home on the other hand is often faster and more affordable, but you may have to compromise on some features or amenities. You'll also need to carefully inspect the property to ensure that it is in good condition. However, buying an existing home can also be a rewarding experience, as you may find a charming property with a unique history and rare craftsmanship.
Here are some of the key advantages and disadvantages of each option:
Building a new home - Advantages:
You can customize the design style and layout to your exact specifications and zeitgeist.
You can choose the highest quality materials and construction methods of the day.
Your home will be energy-efficient and compliant with the latest building codes and technologies.
Building a new home - Disadvantages:
Building a house can be expensive and time-demanding as it requires commitment it manage the many moving parts of the process from designing, approvals, construction, and occupation.
There is always the possibility of unexpected delays and cost overruns resulting from the many unforeseen/unpredictable variables like weather and ground conditions to mention but a few.
The construction process can be disruptive and messy and therefore requires a leveled mind.
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Buying an existing home - Advantages:
Buying an existing home is often faster and more affordable than building a new one more so when the house was recently completed and professionals fully engaged in the process.
You can move in right away as some come fully furnished and with a guarantee and warranty on fittings therein.
Existing homes often have character and charm and in many cases, can be found in all sorts of neighborhoods to suit your desired location.
Buying an existing home - Disadvantages:
You may have to compromise on some features or amenities as the house will have been built to another person’s taste.
Older homes in most cases may need repairs or renovations whose complexities will be the subject of my next article.
With repairs and renovations, You WILL find many unexpected surprises that will stretch the budget a little for which it's only wise to have a good contingency on the side.
You may encounter unexpected problems even after moving into things that you could never have thought of before.
Conclusion
Ultimately, the best decision for you will depend on your individual needs and circumstances. Consider your budget, timeline, and desired features when making your decision.
If you're looking for an adventure, building a new home may be the right option for you. But if you're looking for a more convenient and affordable solution, buying an existing home may be a better choice. Both will be affordable given the above factors determining your choice.
No matter which option you choose, be sure to do your research and work with qualified professionals. Building or buying a home is a major investment, and you want to make sure that you're making the best decision for your future. The professional registration boards for architects, Engineers, and surveyors annually publish a list of practicing professionals always contact them when not sure that the ones you are using are allowed to practice in Uganda