11/03/2025
To build a standard 2-3 bedroom house in Nigeria today, you need at least N20-30m, depending on your bank balance and taste/choice for finishing including furnishing.
If I’m left with a choice of house and a car, I’ll surely go for a car first.
Till date, I still wonder why people always try to kill themselves about building a house that they’ll live in. Don’t get me wrong, building your own house is very important, but not when I’m still coming up.
If I can’t build 3 of those house at once, I’ll continue staying in a rented apartment!
Building a house of N20m to live in is like tying down a startup capital of N20m, and we all know that N20m house in today’s economy won’t even look that nice, for me I have a very high taste and that’s why I feel 20m house won’t be worth it, I surely know I’ll spend way more than 20m if I’m to build a house, but let’s keep it at 20m.
Now, did you know that using 5m to buy a fairly used car and 14m to startup a business, maybe 1m for rent, you can build a better house in 5 years to come? If you had invested that 20m in a building your personal house and you want to sell that house 5 years after, are you sure you’ll be able to double 20m? I don’t think so….
This is just an example for using 20m o, some people have 100m and are thinking of building a house first, I feel disappointed anytime I hear such. But hey, it’s not my money, everyone has the right to do whatever they wish to do with their money.
Car is a liability but a necessity, but house as well is a necessity but not a must have, just pay that rent and invest in a business…...
You’ll build a better house in 5 years to come that’ll outshine what you would’ve built earlier. Or after investing in a business, you could be building your private house if it’s a must for you gradually, using proceeds you get from your business monthly, in 3years, you could’ve finished building a tasteful house. We all have our priorities….
You can still live very comfortable in a rented apartment and smile home everyday. Don’t be the person that’ll brag about having a personal house and go to bed hungry every night….
My opinion……
