Own A House With Small Budget

How To Own A House With Less Budget

own a house with less budget

http://littlemoneyrealestate.blogspot.com/2013/05/lekki-properties-new-llstings.html

How To Own A House With Less Budget
These are the types of houses and 
apartments
you can build on a 300sqmt land .
it can be a
stand alone house,or if you like to 
save space build a twin  apartment 
in a building for two families

  Many people have been denied the opportunity to own a house  due to the high cost of  purchasing a land in major cities of the world,and as such they live the major part of their lifetime as tenants.They spend substantial amount annually to pay for rent, these  monies if put into  a better use can provide a permanent home and remove the cost of renting 

All indication are pointing to the fact that more than 70%  of the

world population spent their major income on renting apartment for homes and painfully over 40% of world population are lingering and suffering from home loans and mortgage's.consequentially this have eaten so deep into their  income and have torn most families apart after experiencing financial hardship.

One major challenge people face is lack of trust,especially people from developing countries,the fear of losing their money have deprived several of them to own a place of their own, forgetting that to achieve a feat you have to take at least a risk no matter how minimal or great.For instance many people approach me for property investment,I  take them round to see good locations and investment,but when this is done they develop cold feet and start jittery when it comes to parting with their cash,they come up with excuses and end up losing best investment to professional investors who are quick to see a good opportunity and rush to pay ,ironically  these procrastinators end up paying mortgage on similar property at a higher price with a higher interest rate.

How To Purchase A 300sqm Land

Basically what you can do in  solving this type of life related complications is for  individual who wants to own a house of their own to purchase a  300sqm and with an equivalent size of 50 by 60 feet in different parts of Lekki and Lagos .This is much more easier done by two friends or brothers with the same need and this is how to approach the matter to get a positive response from land owners.Also inldividual can share blocks of flats 
you can as well purchase land of your choice,examples of such properties could be seen in Lekki Real Estate properties  and in other major cities of the world.


1. Do not approach them to purchase a 300sqm land,being that they will not see you to be a serious buyer and also its more difficult for them to be left with a half plot of land nobody wants to purchase it becomes a burden to them and as such they are resultant to sell in piecemeal.

2. Based on the above fact, your best bet is to scout for somebody with the same needs as yours to share a plot of 648sqm.If you find one approach a buyer and he will be willing to sell ,he is of no concern how many people are sharing it so long the cash is completed.

3.Another lingering issue is how to share the land.Who stays in front space or back space,what do we construct on the land, is it a semi detached  home or fully detached homes, separated by fences.

 The answer depends on how both buyers wants it but all is achievable, both can be built to face the street,or one apartment can be built behind with a driveway  from the main entrance separated with a dwarf fence into the back apartment.

Also you can both build a big house of two terrace apartments separated with bricks, this will save more land space and cost of construction,while the driveway to both is separated with a fence to create privacy.


What  can you do with 300sqms land  ?

Instead of waiting to get a huge amount to buy a 648sqm  full plot of land which you cannot afford  at the  moment, you can build  a 3 bedroom bedroom bungalow or duplex on a 300sqm land,or a twin terrace on a full plot of land.

The biggest challenge to new buyers

One major problem is procrastination and hoping to get a bigger land size at  a cheaper price this  idea may eventually become a wild goose chase and at the end they will squander the little cash at hand and end  up becoming a   tenant for the rest of their lives.

Cost Of Buying Land And Building


We have available land of 300sqm (50ft by 60ft) in Lekki Lagos for instance  they cost between N2m and N3.5m depending on the locations in Lekki. . The 3 bedroom bungalow  will cost between N7m and if you  will like additional finishing and fittings it will cost N 20m to complete the house.For instance Aghao Ventures are the experts in this type of arrangement ,they have built homes for their clients , if you like to do the same in your area you can  you can glance through samples of their Terrace Duplex In Lekki to get a better idea of how this concept works

Where To Purchase Land for This Purpose

To purchase land for this purpose the best locations are major cities,metropolitan, and developed areas where the cost of purchasing land is very high.

Due to their location strategies for work and commerce it is always the best to live within the city rather than living in outskirts far from your place of work or business.However,properties in such areas are very expensive for everyone to purchase,rental apartment are costly,
  

For instance Lekki in Lagos is a major city located in the business district of Lagos a the cheapest land with  a C of O cost N6-N7m in the Aja Lekki Axis while those in the Oniru Lekki Axis cost N60-N180m per plot . Plots of Land are available for sale in Lekki Lagos and other major cities in the world but only very few can purchase them

Only very few in this area can afford such amount. Only the rich few buy and build apartments for the majority to rent and continue to enrich their generations.
 
The ordinary man does not have a choice but to pay high rent in major cities of the world because their work and business is tied to these locations.

The best options to choose to free themselves from this Rent Slavery is to merge in 2 or 4 to purchase these expensive land or house to improve their work and business and will free their generations for this rent slavery.I have always advocated Real Estate Alliance as the best solution to end Rent Slavery.

Copyright 2013

Hakeem Agbaje

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Related Topic

Lekki  Lagos Properties 
Terrace Duplex In Lekki