Getting a home is probably one of the biggest financial decisions a lot of people would make in their lifetimes. When it does get to that point, however, there’s usually a fairly common conundrum they face- should I buy a home or should I build mine myself?
The answer to the question seems pretty straightforward until you consider a few things. You want a home with a gym, two pools, three reading rooms, and a pent house with five and a half windows. After an arduous search and no luck, you decide to build your home yourself, and then realize it would take one year, but you want to move in two months. You decide again to buy, but there’s no house in the location you want. So, you change your mind yet again, you’ll build. But you discover you don’t even know where to start from. Now, you’re sitting on the fence with no idea what is best for you.
Let’s help get you down that fence and compare both to see which may be better for you.
When buying a home, generally speaking, your choices are limited to what’s available for sale. You might love the Master Bedroom but not the floor plan. You might love the location, but not the house type. You might love the number of rooms but not the fact that it doesn’t have a pool. You may even love everything but your spouse absolutely doesn’t. In the end, you may end up making uncomfortable compromises on your wish list.
In building your home, you have the freedom to choose just exactly what you want, with all the bells and whistles, and can be involved in the construction and installation right from the get-go in order to meet your precise specifications.
Build wins this round.
Buy 0 – Build 1
Getting precise specifications doesn’t come without its downsides though. In buying a home, all you really have to do is find one that meets the most items on your wish list, tidy up relevant paper work and move in. The only stress involved might be in actually finding a home that sufficiently meets your needs. Otherwise, it is mostly a pay-and-move-in deal.
On the other hand, if you had to build your own home, you would first need to find virgin land, and then an architect, and then an engineer or developer, or you might have to deal directly with contractors- some of whom may be particularly dubious and sell you inferior materials. If you have to supervise the builders yourself, that can prove stressful if you don’t live near the construction site.
Buy wins this round overwhelmingly.
Buy 1 – Build 1
Getting a home can be an adventure and adventures often come with their fair share of risks.
When buying a new home, the risks are limited compared to building your home. In building your home, you risk going over your budget, taking longer than anticipated as a result of bad weather or human error, buying a land with unresolved ownership disputes, the use of inferior materials being used and cutting corners, being cut. Building isn’t for the fainthearted.
If you’re the type that loves that kind of adventure, building might interest you. If not, buying is best.
Buy wins this round
Buy 2 – Build 1
Except on rare occasions, building your home saves you more cost than buying a home outright. When you consider that- even if you find a home that meets all your specifications, the seller factors in profit and commissions, you would realise that if saving cost is important to you then building is the best option.
Build wins this round.
Buy 2 – Build 2
Buying a house often requires, at least in most cases, that you outrightly pay the asking price or negotiated price before moving in. But what if you didn’t have all that money? What if you wanted to pace yourself and build such that your project is never financially overwhelming at any point? Building might be the best option for you.
Build wins this.
Buy 2 – Build 3
If you are buying a house, you can move in as soon as the deal is completed. If you are building your own home, you don’t have that luxury. Building requires patience- lots of it. As far as time is concerned, buying a house is the best option.
Buy wins this round.
Buy 3 – Build 3
If you’re buying a house, except it is new, you may have to deal with issues such as maintenance, repairs or even outright replacements and intensive renovations on things like paint colours, plumbing, electrical appliances, doors, installations, structure and floor plans. But when building your home, you can be sure of the newness of everything.
Building takes this round.
Buy 3 – Build 4
If you want to live closer to the city or want a home in an area with sufficient development and proximity to schools, hospitals, malls and other places of interest, buying a home is your best bet as most lands in these kinds of areas have likely already been taken.
However, you might want a retirement home, away from the noise and pollution often associated with a busy city. In this case, you may really have no viable option other than building your home.
This round’s a tie.
Buy 4 – Build 5
On the whole, all factors considered, building might be a better option for the most people.
Luckily, with a trusted developer, you can eliminate the cons of both and have the pros of both.
We are constantly seeking opportunities to create value for our clients and potential partners.
Remember, every great achievement starts as a VISION…AN IDEA. What is YOURS?
We cannot wait to discuss or meet with you in building new partnerships and relationships.
Effective date: August 19, 2018
Information collection and use
We collect several different types of information for various purposes to provide and improve our Service to you.
Types of Data Collected
While using our Service, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you (“Personal Data”). Personally identifiable information may include, but is not limited to:
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3DMatic Atelier uses the collected data for various purposes:
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Your information, including Personal Data, may be transferred to — and maintained on — computers located outside of your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from your jurisdiction.
If you are located outside Nigeria and choose to provide information to us, please note that we transfer the data, including Personal Data, to Nigeria and process it there.
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3DMatic Atelier may disclose your Personal Data in the good faith belief that such action is necessary to:
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Our Service does not address anyone under the age of 18 (“Children”).
We do not knowingly collect personally identifiable information from anyone under the age of 18. If you are a parent or guardian and you are aware that your Children has provided us with Personal Data, please contact us. If we become aware that we have collected Personal Data from children without verification of parental consent, we take steps to remove that information from our servers.
Terms of Service
The 3DMatic Atelier LLC
The 3DMatic Atelier is a private company registered in Nigeria whose registered address is No. 2, Monsurat Olayinka Way Off Road 14, Lekki Scheme 2 Ajah – Lagos, Nigeria.
The 3DMatic Atelier owns the website located at www.3dmaticatelier.com (the “Website”). By accessing and using the Website you the user agree to be bound by these terms and conditions (the “Terms”) which govern your access to and use of the Website.
Ownership and Use of content
All text, data, charts, tables, software, video, music, sound, graphics, photographs, illustrations, artwork, names, logos, trade marks, service marks and other material on the Website (the “Content”) and all rights in it belongs to The 3DMatic Atelier Limited. You may retrieve and display Content from the Website on a computer screen, print individual pages on paper (but not photocopy them) and store such pages in electronic form on disk (but not on any server or other storage device connected to a network) for your personal use. Content may not be copied, reproduced, republished, downloaded, posted, broadcast or transmitted in any other way. You agree not to adapt, alter or create a derivative work from any of the Content on the Website or to use it for any purpose other than for your personal and non-commercial use.
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Intellectual Property Rights
All copyright, trade marks, database rights and other intellectual property rights that may exist in this Website and the Content shall remain at all times the property of The 3DMatic Atelier Limited. The trade marks, service marks and logos used and displayed on this Website (“Trade Marks”) are registered or unregistered trade marks of The 3DMatic Atelier. Nothing on this Website should be construed as granting, by implication or otherwise, any licence or right to use any Trade Mark without written permission from 3DMatic Atelier. The name of The 3DMatic Atelier may not be used in any way, including in advertising or publicity pertaining to distribution of Content without the prior written permission of The 3DMatic Atelier.
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Changes to the Terms
The 3DMatic Atelier reserve the right, at its discretion, to make changes to any parts of the Website or these Terms. When these Terms are amended, The 3DMatic Atelier will publish details of the amendments on the Website. Your continued use of the Website is taken as your agreement to be bound by these Terms as amended.
These Terms shall be governed by and construed in accordance with Nigerian Law and subject to the exclusive jurisdiction of the Nigerian Courts.
If these Terms or any part of them should be determined to be illegal, invalid or otherwise unenforceable under the laws of any state or country in which these Terms are intended to be effective, then to the extent that they are so illegal, invalid or unenforceable, they shall in that state or country be treated as severed and deleted from these Terms and the remaining Terms shall survive and remain in full force and effect and continue to be binding and enforceable in that state or country.
If there is any conflict between these Terms and any other written agreement between you and the 3DMatic Atelier then the latter shall prevail.
Events beyond our control
The 3DMatic Atelier will not be responsible for any breach of these Terms caused by circumstances beyond its reasonable control.
The 3DMatic Atelier is not responsible for the availability or content of any third party websites or material you access through this Website.
Certain files of Content are available for download from the Website. These files of Content are subject to these Terms.