06/08/2026
WHAT TO CONSIDER BEFORE BUILDING A HOUSE FOR PERSONAL USE.
Building to stop paying rent is one of the scam lines Real Estate developers sold in the past to Naive investors like my mum who built a house for her mother,a house in our village and a house where we lived rent free.
Rent is just one the of expenses ,what about
1)children's School fees,
2)feeding per year for the family,
3) Family upkeep
4) Maintaining the house
5) Bills from extended family
6) Bills to maintain lifestyle after retirement.
Spending 30mill to build and furnish a house all so you can stop paying rent only is not an investment,it's Ego speaking.
Also if the title doesn't eventually give you individual CofO title to make it a good collateral for bank business loan for expansion of business,then it's ūsëlëss.
If you want lands that gives you atleast 6-100 units of rental income generating avenues in 5-15 years send a Whatsapp message let's start.
From 6.5mill and above.
Don't depend on your children as retirement plan,make plans towards your retirement,so they do not call you a burden in old age.
Rental properties from a land you bought when it was bush can give you income to pay your Nanny,Care givers, Shopping, vacation, physiotherapy, check-up etc and you will leave inheritance to your childrens children.
Just imagine renting bunks like this on weekly bases to young adults,work force ,nurses, doctors, youth proper who are just starting life and can't waste money on legal fees, caution fees, furnishings and top it all in a location where they will eventually spend double their salary on transportation daily to work
And you don't have to manage it,you will have Managers that will take care of the management while you recieve your monthly rent.
Real Estate investment is not the same as a personal house .
I have no right to this image.
