Etini
Valued Contributor
Those that intend to own properties are often faced with two options. These options are
1) Building a house from scratch
2) Buying a building that has already been built.
There are arguments for and against the two options. But looking at it strictly from an economic standpoint, which would cost less?
When you build a house from scratch, you tend to be in control of the design and other technical aspects of the house. At this point, you would know how to manage the costs of the inputs so it would not overshoot. On the other hand, buyokh an already built house takes away the power of choice. Whatever the builder had incorporated in the house, you have to buy it at the cost of the builder.
I believe that it is far far cheaper to build your house from scratch. It would help you to reduce the cost of owning a house.
1) Building a house from scratch
2) Buying a building that has already been built.
There are arguments for and against the two options. But looking at it strictly from an economic standpoint, which would cost less?
When you build a house from scratch, you tend to be in control of the design and other technical aspects of the house. At this point, you would know how to manage the costs of the inputs so it would not overshoot. On the other hand, buyokh an already built house takes away the power of choice. Whatever the builder had incorporated in the house, you have to buy it at the cost of the builder.
I believe that it is far far cheaper to build your house from scratch. It would help you to reduce the cost of owning a house.