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Build vs Buying- What’s your cup of tea 

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The debate between buying vs building property is truly a tale of two cities. Both options have their own pros and cons. Your needs as a person will determine which option is better for you. Sometimes as a first timer it might be easy to buy whats already existing and other times as a seasoned customer building to your own specifications might be better. Land cost and availability is another factor.
Interesting article on www.ooba.co.za/resources/building-vs-buying-a-house/
www.privateproperty.co.za/advice/property/articles/building-vs-buying/3741

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16 фев 2019

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Комментарии : 122   
@thembamhlongo3751
@thembamhlongo3751 4 года назад
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
@trebonejones410 4 года назад
I'm thinking about doing the same thing
@followerofchristonop5217
@followerofchristonop5217 3 года назад
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
@thembamhlongo3751 3 года назад
@@followerofchristonop5217 I'm in south Africa so I'm not sure if the same would apply where you are staying.
@followerofchristonop5217
@followerofchristonop5217 3 года назад
@@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
@thembamhlongo3751 3 года назад
@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
@zinhlemkhonza7001 5 лет назад
I'm a student but I've already thought of building. And architecture is important for me
@ishaanjassat
@ishaanjassat 2 года назад
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.
@giftmokoena2761
@giftmokoena2761 3 года назад
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
@mellisamabhikwa2630 3 года назад
Any websites for buying land? Where do you go to buy land?
@simplyvw8719
@simplyvw8719 5 лет назад
Thanks for video Nicolette 👌.
@sibusisomusa8546
@sibusisomusa8546 5 лет назад
Thanks so much for your videos you have been so influential to me when it comes to financial education
@candycrusher6360
@candycrusher6360 5 лет назад
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
@FinancialBunny 5 лет назад
Candy Crusher thank you for clarity
@peorabasha443
@peorabasha443 5 лет назад
Thank you so much for this.
@conniemabena388
@conniemabena388 5 лет назад
Thank you for always sharing your time and knowledge , some of us our financial lives changed for the Better :-) mcwaaah
@ingridmalamola1476
@ingridmalamola1476 3 года назад
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🤕.
@MichelleMakhanya
@MichelleMakhanya 5 лет назад
Been actually thinking about this for a while now and still stuck.. but my finances can allow me to build vs buy
@sahillarya06
@sahillarya06 3 года назад
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)
@mbalimhlongo352
@mbalimhlongo352 5 лет назад
Yazin' I love you! I needed this.
@gladnessmanana4568
@gladnessmanana4568 5 лет назад
Beautiful bedroom. Thank you Nicolette, this has been very informative. I will share the video with my friends
@FinancialBunny
@FinancialBunny 5 лет назад
Gladness Manana Thank you on both accounts
@MikatekoMzimba
@MikatekoMzimba 5 лет назад
I like how you always explain both sides without being bias, you Amazing
@ChideraStephen
@ChideraStephen 5 лет назад
Mikateko Mzimba yes
@FinancialBunny
@FinancialBunny 5 лет назад
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
@codegeek8256 5 лет назад
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
@FinancialBunny 5 лет назад
Then you really didn't watch the whole video nor did you read the suggested links.@@codegeek8256
@mukatunimpho3700
@mukatunimpho3700 5 лет назад
imagine vusi ft nicolet it would be a very productive talk.
@mzansiyouthtv1644
@mzansiyouthtv1644 5 лет назад
vusi is the best
@MikatekoMzimba
@MikatekoMzimba 5 лет назад
It would be Fire
@psykeeh
@psykeeh 5 лет назад
They have different business perspectives
@vusimabika8769
@vusimabika8769 5 лет назад
Vusi will scam you!
@itumelengmogane8680
@itumelengmogane8680 5 лет назад
@@vusimabika8769 This is funny coming from "Vusi". interesting point though
@ChideraStephen
@ChideraStephen 5 лет назад
Thanks for this So apt
@HarvestByNature
@HarvestByNature 5 лет назад
I’m trying to buy a property how can we link ?? I would love your help, send your info?
@SetshwanaPhookeng
@SetshwanaPhookeng 5 лет назад
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
@daichoks4351 5 лет назад
ithink its agood investment of your money if you rent it out when it is finished
@madant22
@madant22 5 лет назад
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
@FinancialBunny 5 лет назад
madant22 Oki doki
@madant22
@madant22 5 лет назад
Thanks u so much in advance. lol
@shirleyways5568
@shirleyways5568 5 лет назад
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
@ChideraStephen 5 лет назад
Shirley Ways awww
@mzwakhethenjwayo3618
@mzwakhethenjwayo3618 5 лет назад
U and your builder were not professional,I can tell that there was probably a verbal contract n the builder was a chancer
@shirleyways5568
@shirleyways5568 5 лет назад
@Nomthandazo Mdunge 😂😂😂That time u already made other plans for your money 🙈
@shirleyways5568
@shirleyways5568 5 лет назад
@@mzwakhethenjwayo3618 Lessons for the future. Written contract
@tshepang_gm
@tshepang_gm 5 лет назад
I can relate so much, especially that part when the builder finishes their work earlier than anticipated😂😂😂😂😂yoh stress
@gontlafetsembeha2848
@gontlafetsembeha2848 5 лет назад
Girl I just love you ❤️
@thabomadziba7912
@thabomadziba7912 4 года назад
Building is much cheaper and free from bond. Buying is a no for me.
@omphemetsechake2839
@omphemetsechake2839 5 дней назад
You can buy a complete house CASH then you can compare APPLES to APPLES...meaning there's no BOND
@akhozilnkangana4772
@akhozilnkangana4772 3 года назад
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.
@clerencematakeMoneyish
@clerencematakeMoneyish 5 лет назад
Thanks for this Nics
@noxoloshandu8903
@noxoloshandu8903 3 года назад
You are awesome yazi ❤
@ahviwe
@ahviwe 5 лет назад
Your camera is quality here and shows your beauty
@shaheedcassim2557
@shaheedcassim2557 4 года назад
😂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
@zolamkhize2035 3 года назад
Thank you,I did not know about Flisp
@Agco526
@Agco526 3 года назад
What is Flisp dear if I may ask?
@charles.m.molema4758
@charles.m.molema4758 3 года назад
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
@zinhlesibisi9480
@zinhlesibisi9480 5 лет назад
Hey I have gone through the same headache building a house for my parents. It’s very stressful.
@nondumisomthimkhulu9812
@nondumisomthimkhulu9812 5 лет назад
Emotionally draining. Sleepless nights.
@zoeyxoxo1482
@zoeyxoxo1482 3 года назад
How did you cope? I’m about to start the journey
@prudencelilly7737
@prudencelilly7737 2 года назад
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
@thatsreality1177 2 года назад
@@prudencelilly7737 did laybuy ur material or u took loan?
@prudencelilly7737
@prudencelilly7737 2 года назад
@@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 😭
@ayandanoxolo
@ayandanoxolo 5 лет назад
building is moer stressful but I want to build
@luckyzulu8203
@luckyzulu8203 5 лет назад
build an investment property not a place to live in
@daichoks4351
@daichoks4351 5 лет назад
ithink so too then you get your money back for long term
@tracey-leeblommetjies9994
@tracey-leeblommetjies9994 5 лет назад
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
@FinancialBunny 5 лет назад
Tracey-Lee Blommetjies I already did doll
@iammay570
@iammay570 5 лет назад
LOVE YOU SIS!
@FinancialBunny
@FinancialBunny 5 лет назад
IamMay I love you 😍
@2Memasa
@2Memasa 5 лет назад
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
@FinancialBunny 5 лет назад
T M what do you want to Do?
@2Memasa
@2Memasa 5 лет назад
@@FinancialBunny trade it in a get a less expensive car
@jabulilem1474
@jabulilem1474 5 лет назад
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
@nomsamasango2942
@nomsamasango2942 Год назад
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
@FinancialBunny Год назад
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
@nomsamasango2942 Год назад
@@FinancialBunny Alright thanks😉
@miss8122
@miss8122 3 года назад
building is very stressful bcz you need this and that,you run out of funds😒have to save again.
@mosokodimichellemawasha6191
@mosokodimichellemawasha6191 4 года назад
New subbie here 🤗🤗
@nayelushaba3041
@nayelushaba3041 4 года назад
👌👌👌
@thembimntambo5004
@thembimntambo5004 3 года назад
Definitely building
@user-rc9qi6yp6k
@user-rc9qi6yp6k 5 лет назад
Insightful. However taxi math is a major waiting to be introduced at tertiary level. That being said you are beautiful.
@FinancialBunny
@FinancialBunny 5 лет назад
Lion OfJudah thank you
@afro-dev
@afro-dev 2 года назад
big ups to you sis
@thandolwethumakhubalo1088
@thandolwethumakhubalo1088 3 года назад
Why don't you do both
@MsindisiR1000
@MsindisiR1000 5 лет назад
That sounds like something Vusi Thembekwayo would say 🤷🏽‍♂️
@dineomoea2599
@dineomoea2599 5 лет назад
He did.
@charles.m.molema4758
@charles.m.molema4758 2 года назад
Makes sense . . . 💯 Find "Mr.Right" and not the movie . . .
@giftmokoena2761
@giftmokoena2761 3 года назад
The story of putting cement 🤣
@mthuthuzeliramothibe9786
@mthuthuzeliramothibe9786 3 года назад
WHy did I just find tHese videos now😩😩😩😩😩😩
@TheBlackCeaserXIV
@TheBlackCeaserXIV 5 лет назад
Building is expensive than buying all things held equal
@lulamamhlongo5247
@lulamamhlongo5247 4 года назад
you always looking awesome....im planning 2build ,Bonds r a form of slavery
@moudnenjelele6408
@moudnenjelele6408 5 лет назад
I love you
@FinancialBunny
@FinancialBunny 5 лет назад
Moud Nenjelele I love you my doll♥️
@masakhembolambi424
@masakhembolambi424 5 лет назад
uyathandeka lo sisi
@FinancialBunny
@FinancialBunny 5 лет назад
Masakhe Mbolambi Ngiyabonga
@mfundomthembu9526
@mfundomthembu9526 5 лет назад
Yes! Love her voice too.
@Terence__
@Terence__ 5 лет назад
buy a cheap house and upgrade it. .. cheaper
@ValleyOfKngs
@ValleyOfKngs 5 лет назад
mmmcchhwwwaaaaa sisi, enxhosi
@shadracktlali3872
@shadracktlali3872 3 года назад
Sthandwa semali
@siyamthandaonkembaleki6282
@siyamthandaonkembaleki6282 5 лет назад
Yhuuuu awusemhle mani
@luckyzulu8203
@luckyzulu8203 5 лет назад
renting is better than both buying and building
@mzwakhethenjwayo3618
@mzwakhethenjwayo3618 5 лет назад
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
@FinancialBunny 5 лет назад
Lucky Zulu please tell us how you got to That conclusion
@luckyzulu8203
@luckyzulu8203 5 лет назад
@@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
@reynoldsad7 5 лет назад
@@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
@yahneh7919 4 года назад
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.