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Our home was 20 years old when we bought it. We liked the design of the architecture so we just did some renovation on the old parts like the tin roof and the paint on the walls. If we would build a new house like that it would be very costly that we wouldn't be able to afford. Now our house is still looking good after 20 year that we are living here.If the built one is cheaper you can acquire it and then renovate it but if it's not cheap and after the calculation you made you see it's almost the same with building new then go a head and built it's better.
I to think that in totally depends upon the property. But in our country the commercial properties are much more costly than residential homes. So for small investors please out of their pocket investing in commercial properties.It all depends on what the property is question is meant for. If for instance it is meant for commercial purpose and the price of it is pocket friendly then that would be a better idea.
Even me I will consider building my own property so that I can have an opportunity to design and arrange it the way I need, I personally do not like an already made property.Building your own house or structure is a good option. But it is also a good option to buy an already built house as well. That's what I would go for because I won't be starting from scratch
We bought an old house because that is what we could afford. Building a new one is desired but the cost is high and we do not have the time for the construction. Buying is the most convenient.Even me I will consider building my own property so that I can have an opportunity to design and arrange it the way I need, I personally do not like an already made property.
Even if it is an old one you can still design it or refurnish it to meet-up the modern standard, that is what a lot of people are doing when they do not have time to build their own houses.We bought an old house because that is what we could afford. Building a new one is desired but the cost is high and we do not have the time for the construction. Buying is the most convenient.
But sometimes it depends on the location. There are sometimes that we want a house in an area but no available space so like that area an already built house can be purchasedIt is better to build properties than to acquire already existing one by my own opinion. It will give you quality experience as a real estate developer and make you more knowledgeable.
This is individual decisions most people will prefer a beaut property while does the light to build their own property by themselves so that they can be able to put down their creative mind into reality.This is a very optional thing, You decide that want to build property yourself or buy already built ones.
Although I actually prefer building properties myself because
1. The cost of building is actually more cheaper
2. Buying properties is very risky because you might eventually encounter thieves and scammers
3. Building properties will be wholly about your plans and decisions
For me I love the convenience that purchasing your own property thieves rather than me having to build up my own house which is very stressful as I will have to be going through buildings site almost on a daily basis.I have always wondered why people go through the stress of building houses when they can simply acquire the already built ones. Then I said to myself, maybe it's cheaper and also heartfelt to build yours.
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