Owning a home is a big deal for Zimbabweans and also costly at the same time so owning a home is an accomplishment most want to have on their belts. There are several ways to own a property in Zimbabwe with the most popular being buying or building a house. It should be noted that building and buying a property in Zimbabwe entails different processes and hurdles. It is important to be alert so as to avoid any complications once you have paid your hard earned money. Both buying and building a property have their own individual advantages and disadvantages therefore it depends on a person’s financial position and preference.
By Jumia House
This week we share with you the pros and cons of building or buying your dream home:
When it comes to convenience, buying a house provides the most convenience. All you have to do is consult with an agent and pick out a house that matches your needs, make a payment on the house and move in. While building a house entails various procedures such as looking for land, an architect to design the house, construction materials, builders and time to monitor the building process. However with this, please note that, when buying a house it is hard to find something with your exact specifics.
People in most cases get mortgages to buy houses. This means that you will pay money to the bank for the next 10 -20 years. If you fail to make payments this house can be foreclosed by the bank leaving you homeless. While when it comes to building your house you can take your time and use your savings. It might take a while depending on your income. The advantage is that you can halt the building when you run out of money and resume when you get more money. However the advantage of buying over building in this scenario is that you can live in the house while still making payments.
Time is important when building or buying your dream home. Building a home needs more time and patience. There are several processes involved, from looking for and to following up on the right paperwork and taking time to supervise the construction of the property. While with building the house once you have picked out the house with your agent and negotiated the price your lawyer can follow up on the paper work. However with building there is a certain sense of accomplishment that comes from seeing your dream home designed by you come to life.
There are several other pros and cons to building and buying your dream home but it should be noted that before you proceed to with either it is important to sit down with a professional or talk to friends and family before making a final decision.
About Jumia House Zimbabwe
Jumia House is the best online property marketplace that offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online. For feedback or more information visit www.house.jumia.co.zw or follow us on Facebook, Twitter: @JumiaHouseZW or email to [email protected] or call 04 740940 or 08080181 (Toll Free from Econet lines)