Build vs Buying- What’s your cup of tea

[@thembamhlongo3751]

It took me 7 years to build my house and I don't regret it, I'm living bond free and it was worth it

[@trebonejones410]

I'm thinking about doing the same thing

[@followerofchristonop5217]

How do you get started on this...I'm from the island and would appreciate some pointers on the cost of land the price of building vs buy both wholesale what's you recommendation .can I email you if possible?

[@thembamhlongo3751]

@@followerofchristonop5217 I'm in south Africa so I'm not sure if the same would apply where you are staying.

[@followerofchristonop5217]

@@thembamhlongo3751 sorry about not clarifying: I'm actually asking about cost effectiveness and prices where you are,Moving back could be a great step for my family and I.just some insight for your experience will be great.

[@thembamhlongo3751]

@Zaakir Jardine it took me about 2 and a half years to buy the basic material. i started by building a two room flat with a bathroom at the far end of my land so i didn't have pressure to move in because i was comfortable.

[@zinhlemkhonza7001]

I'm a student but I've already thought of building. And architecture is important for me

[@ishaanjassat]

This is a difficult one to decide on. On the one hand, building is time-consuming, often unforeseen costs arise and location is a con, however, it can work out cheaper than buying a ready-built property. Personally between building and buying, from experience, I'd say rather build, but only if you building in a good location where the market value of the area is more than what it will cost you to build.

[@ingridmalamola1476]

My opinion is, building is cheap but you are most likely to build in an area that you dont prefer because you looking into costs. For instance Benoni side they selling a vacant land for 280k and with that money you can build a house in Daveyton as quicky as possible a dream house that in future when you wanna sell it the person who can afford buying the house doesnt wanna stay in that area. So buying a house if you look at it as an investment in my opinion is better but ke 20years its alot to pay off a bond🤕.

[@giftmokoena2761]

3 things when building 1 buy land 2 get an architect (for me I've made friends with most peoffessionals not that I won't pay but easy advices) 3 Get a Project manager There you go nice affordable house might take 5years but its yours

[@mellisamabhikwa2630]

Any websites for buying land? Where do you go to buy land?

[@candycrusher6360]

A founder is an entrepreneur who builds the business from scratch. An entrepreneur is anyone who manages the risk, capital and labour of a business, irrespective of whether they built the business from scratch, franchised or acquired the business later. This is the internationally accepted definition. I worked with a business incubator in SA and we followed the international standard definition of Entrepreneur(ship).

[@FinancialBunny]

Candy Crusher thank you for clarity

[@peorabasha443]

Thank you so much for this.

[@sahillarya06]

Hi Nicolette, Thank you for the very informative video, please can you demonstrate the considering factors on buying an apartment under construction (pros and cons)

[@conniemabena388]

Thank you for always sharing your time and knowledge , some of us our financial lives changed for the Better :-) mcwaaah

[@sibusisomusa8546]

Thanks so much for your videos you have been so influential to me when it comes to financial education

[@simplyvw8719]

Thanks for video Nicolette 👌.

[@MichelleMakhanya]

Been actually thinking about this for a while now and still stuck.. but my finances can allow me to build vs buy

[@Di-influence]

I like how you always explain both sides without being bias, you Amazing

[@ChideraStephen]

Mikateko Mzimba yes

[@FinancialBunny]

I try. I’d like to build one day it’s just not practical for me right now. But I see why Buying is also costly

[@codegeek8256]

She is bias cos she talks very negatively about building...building is the best and cheap, rather go through time consuming process that takes a year than paying a house for 20 years.

[@FinancialBunny]

Then you really didn't watch the whole video nor did you read the suggested links.@@codegeek8256

[@madant22]

Thank you for showing a great video. Can we get a comparison between renovating or refurbishing a abandon or run down house vs. Buying a house ready made. and how much will they cost.

[@FinancialBunny]

madant22 Oki doki

[@madant22]

Thanks u so much in advance. lol

[@zinhlesibisi9480]

Hey I have gone through the same headache building a house for my parents. It’s very stressful.

[@nondumisomthimkhulu9812]

Emotionally draining. Sleepless nights.

[@zoeyxoxo1482]

How did you cope? I’m about to start the journey

[@Skhosipnf]

I know hey emotionally draining. I went through the same as well. I was not well informed financially and ready, I thank God that He kept me from depression because it was tough.

[@thatsreality1177]

@@Skhosipnf did laybuy ur material or u took loan?

[@Skhosipnf]

@@thatsreality1177 I took a loan and the plan was to pay the monthly installation double the amount and beat interest but the building demanded more and more,unplanned and I budgeted things were needed 😭

[@gladnessmanana4568]

Beautiful bedroom. Thank you Nicolette, this has been very informative. I will share the video with my friends

[@FinancialBunny]

Gladness Manana Thank you on both accounts

[@SetshwanaPhookeng]

Building is too costly from what I've experienced.We build 8 room for rental for now we have spent more than 700k is just too much but we are closed to finish. In future I'll surely consider buying

[@daichoks4351]

ithink its agood investment of your money if you rent it out when it is finished

[@nomsamasango2942]

Hi Nicolette I fully get the benefits of buying over building from a cost and convinience perspective but then is it still advisable to buy given the increasing repo rate?

[@FinancialBunny]

No one can actually give you that advise other than your finances. The reality is the numbers don’t lie. Please watch the video I did on how the increased interest rates affects you. It’s one of my latest ones

[@nomsamasango2942]

@@FinancialBunny Alright thanks😉

[@mukatunimpho3700]

imagine vusi ft nicolet it would be a very productive talk.

[@mzansiyouthtv1644]

vusi is the best

[@Di-influence]

It would be Fire

[@psykeeh]

They have different business perspectives

[@vusimabika8769]

Vusi will scam you!

[@itumelengmogane8680]

@@vusimabika8769 This is funny coming from "Vusi". interesting point though

[@shirleyways5568]

I demolished my parents old house back in the village and built a new house for them. I never ever want to go through the emotions that building a house from scratch brought me (especially because i was in a different province from them) 😂😂😂hai shame I'm definitely buying a house for myself in future, I'd rather renovate what i find instead of building from scratch! One minute the builder can't interpret the plan, next minute there's not enough water. next thing it's raining and we need to start roofing... it's just too much. Next thing the builder finishes before the time u agreed on and they want their money 😭😭😭 ke shap!

[@ChideraStephen]

Shirley Ways awww

[@mzwakhethenjwayo3618]

U and your builder were not professional,I can tell that there was probably a verbal contract n the builder was a chancer

[@shirleyways5568]

@Nomthandazo Mdunge 😂😂😂That time u already made other plans for your money 🙈

[@shirleyways5568]

@@mzwakhethenjwayo3618 Lessons for the future. Written contract

[@tshepang_gm]

I can relate so much, especially that part when the builder finishes their work earlier than anticipated😂😂😂😂😂yoh stress

[@Leo_kal]

When video is so insteresting you don't even want to miss a word. Then you realize when it's the that you have to search for the video again because you didn't press that like button ❤❤😂

[@thabomadziba7912]

Building is much cheaper and free from bond. Buying is a no for me.

[@omphemetsechake2839]

You can buy a complete house CASH then you can compare APPLES to APPLES...meaning there's no BOND

[@ayandanoxolo]

building is moer stressful but I want to build

[@luckyzulu8203]

build an investment property not a place to live in

[@daichoks4351]

ithink so too then you get your money back for long term

[@charles.m.molema4758]

This is what its come too . . . Viewing past vids just to get that "value" satisfaction. 💔😅 Grat vid fits the current situation,its looking good for first time home buyers

[@2Memasa]

so I have a car lone and want to get a new car but I haven't finished it only left with R100 000 its a jeep what must I do?

[@FinancialBunny]

T M what do you want to Do?

[@2Memasa]

@@FinancialBunny trade it in a get a less expensive car

[@jabulilem1474]

Find out from different car dealerships on how much is it worth and trade it in once you've decided which car you want to get after the trade in

[@shaheedcassim2557]

😂im not buying anything🙈want a tiny piece of flat land where i can build my 1 bedroom house tiny house🙈going to try and use my flisp for a small piece of land

[@zolamkhize2035]

Thank you,I did not know about Flisp

[@Agco526]

What is Flisp dear if I may ask?

[@tracey-leeblommetjies9994]

Can you please do a video on how to buy your first car as a young working adult so you able to save more money for yourself but still get a car that's affordable....not too much insurance etc..

[@FinancialBunny]

Tracey-Lee Blommetjies I already did doll

[@akhozilnkangana4772]

A great video. Unfortunately for me, I'm still torn up on this debate. I'm s final year student and I feel like I need to make moves in securing a home and future for my children.

[@noxoloshandu8903]

You are awesome yazi ❤

[@ChideraStephen]

Thanks for this So apt

[@miss8122]

building is very stressful bcz you need this and that,you run out of funds😒have to save again.

[@charles.m.molema4758]

Makes sense . . . 💯 Find "Mr.Right" and not the movie . . .

[@mbalimhlongo352]

Yazin' I love you! I needed this.

[@iammay570]

LOVE YOU SIS!

[@FinancialBunny]

IamMay I love you 😍

[@HarvestByNature]

I’m trying to buy a property how can we link ?? I would love your help, send your info?

[@gontlafetsembeha2848]

Girl I just love you ❤️

[@tripleceven]

Insightful. However taxi math is a major waiting to be introduced at tertiary level. That being said you are beautiful.

[@FinancialBunny]

Lion OfJudah thank you

[@clerencematakeMoneyish]

Thanks for this Nics

[@thembimntambo5004]

Definitely building

[@thandolwethumakhubalo1088]

Why don't you do both

[@afro-dev]

big ups to you sis

[@ahviwe]

Your camera is quality here and shows your beauty

[@MsindisiR1000]

That sounds like something Vusi Thembekwayo would say 🤷🏽‍♂️

[@dineomoea2599]

He did.

[@nayelushaba3041]

👌👌👌

[@mosokodimichellemawasha6191]

New subbie here 🤗🤗

[@lulamamhlongo5247]

you always looking awesome....im planning 2build ,Bonds r a form of slavery

[@TheBlackCeaserXIV]

Building is expensive than buying all things held equal

[@giftmokoena2761]

The story of putting cement 🤣

[@mthuthuzeliramothibe9786]

WHy did I just find tHese videos now😩😩😩😩😩😩

[@moudnenjelele6408]

I love you

[@FinancialBunny]

Moud Nenjelele I love you my doll♥️

[@masakhembolambi424]

uyathandeka lo sisi

[@FinancialBunny]

Masakhe Mbolambi Ngiyabonga

[@mfundomthembu9526]

Yes! Love her voice too.

[@INFJ_Terez]

buy a cheap house and upgrade it. .. cheaper

[@shadracktlali3872]

Sthandwa semali

[@ValleyOfKngs]

mmmcchhwwwaaaaa sisi, enxhosi

[@siyamthandaonkembaleki6282]

Yhuuuu awusemhle mani

[@luckyzulu8203]

renting is better than both buying and building

[@mzwakhethenjwayo3618]

When u are renting,u are actually paying the bond on behalf of your landlord n chances are u are also making him or her sum profit,ain't nthng better abt renting coz u will never own tht property.

[@FinancialBunny]

Lucky Zulu please tell us how you got to That conclusion

[@luckyzulu8203]

@@FinancialBunny t's better to rent than to buy in today's housing market. Fast-rising home prices and higher mortgage rates have made it cheaper to rent a home than buy and own one. ... Renting and reinvesting the savings from renting, on average, will outperform owning and building home equity, in terms of wealth creation. as I I always say RENT WHERE YOU LIVE AND OWN WHERE YOU RENT TO OTHERS😎😎😎😎

[@reynoldsad7]

@@luckyzulu8203 ... great pointand perspective. But renting only works for a while, perhaps a long while... but eventually you have to own your home. So it's more prudent to have a medium to short term strategy to achieve that.

[@yahneh7919]

Most people don't realize that the answer is "It depends on the result of an analysis" every situation is different, depending on where you staying and the proportion of rates and taxes, levies and maintenance to the bond installments. Sometimes it works out better to rent and other times to buy. Your most important investment should be in getting financial advice which compares the two. And remember, renting is only better in the long run if you invest the money you save by renting. Most people rent then spend the savings monthly which defeats the purpose.