When the need arises for a roof over your
and your family's heads, you basically have to
contemplate three choices - to rent a place, to
buy a place, or to build a place. Each option
has its merits and drawbacks.
When renting a place, it may be true that you
don't need much of a capital outlay, and you can
relocate quite easily afterwards, but you will
never own a place of your own. Every Rand that
you pay in rent, simply goes to somebody else's
pocket, and your ideal of owning your own place
keeps slipping further and further away. Any escalation
in property prices is to the benefit of the property
owner, while the tenant will simply have to pay
a higher rent.
On the other hand, whether you buy a finished
house or build a house from scratch, you will
need some initial capital of your own, but all
price escalations in the housing industry will
be for your own benefit in the long term.
Although it might in some instances be cheaper
to buy an existing house than to build one from
scratch, the only sure way to get everything that
you want or need, is to look for a proper stand
and build your own house the way you want it.