The quality of every decision is premised upon the quality of information one has.
Every action therefore is a demonstration of wisdom – or lack of it.
Why a house first?
The underlying motivation for a house is SECURITY. The others like, savings on rent, image, come secondary. Common financial literacy intimates a home is not an asset but a liability unless rented out.
To therefore answer the question above, a cost benefit analysis should be employed:
What is the cost of building a 3 bedroom bungalow? If you add the cost of land in a fairly near place the cost will not be less than 100million.
With 100million, what businesses can you do?
You can buy 10 acres around Zirobwe and plant over 4500 stems of matooke and get about 150 bunches per month after one year.
With 100million you can start a whole sale shop in a fairly busy township.
With 100million you can start a poultry project of at least 1000 layers or broilers.
With 100million you can start a small manufacturing plant – blocks, pavers, metal works, carpentry shop, etc.
The list of things you can do with 100million is difficult to exhaust.
All these businesses have the potential to exponentially increase your initial 100million to levels where you can build/buy yourself the fancy house you desire in the fancy location you crave, effortlessly.
Therefore, a wise man would consider what it takes to build a business first.
This article will be incomplete without a quote from the good book:
Prov 24:27 [Put first things first.] Prepare your work outside and get it ready for yourself in the field; and afterward build your house and establish a home. AMP
In case of any real estate queries, don’t hesitate to contact us:
Joshua@kayungirizi.com | Tel: +256782 66 32 18 | +256701341144 | Website: www.kayungirizi.com |Location: Kisakye Shopping Mall, Plot 1900, Old Kiira Road, Ntinda. 3rd Floor, Room 27
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