Building vs. Buying Which Is Better for Nigerians in the Diaspora

Building vs. Buying: Which Is Better for Nigerians in the Diaspora?

For Nigerians in the diaspora, one of the most significant financial and emotional decisions is whether to build or buy a home back in Nigeria. This decision isn’t just about the cost; it’s about legacy, control, time, and trust. The debate around building a house versus buying has gained traction, especially among Nigerians abroad who want to invest back home but are cautious about the risks and rewards.

As a brand deeply involved in guiding Nigerians home and abroad through smart real estate decisions, Mshel Homes offers a unique perspective on this question, backed by years of experience developing secure, luxurious, and affordable estates across Nigeria.

Should I Build or Buy a House? Weighing Your Options

As a Nigerian living overseas, you’ve likely asked yourself, should I build or buy a house? It’s a valid question. Building allows for customisation, enabling you to bring your dream home to life from the ground up. You can choose everything from the architectural style to the materials used, ensuring the final result reflects your taste.

On the flip side, buying offers immediacy. You can own a finished home without navigating the complexity of construction. This is particularly appealing if you’re not frequently in Nigeria to supervise building projects or deal with contractors.

Building vs. Buying a Home: The Cost Factor

Let’s break down the cost of building a house compared to buying a home. Building a house typically involves purchasing land, hiring architects and engineers, sourcing materials, and paying for labour. While it might seem cost-effective initially, hidden costs can arise, especially when projects run into delays or require rework due to poor supervision.

Buying, however, comes with a fixed price. You pay for the finished product, and you can move in or rent it out immediately. For Nigerians abroad who want peace of mind, buying might seem like the safer option. Yet, the cost of buying can be higher in prime locations, especially if you’re looking for modern designs and high-end finishes.

Still, the question remains: Is buying land and building a house cheaper? In some cases, yes, especially if you have trusted contacts on the ground. But it all depends on the location, your network, and the level of quality you’re aiming for.

Control, Customisation, and the Emotional Angle

The emotional connection can’t be overlooked when discussing building a house versus buying one. Building often feels more personal. Many Nigerians in the diaspora dream of constructing a home that reflects their journey and success. There’s pride in creating something from scratch, which is a testament to hard work abroad.

Customisation is another strong reason why many opt to build. From choosing the number of rooms to the interior layout and landscaping, building offers full control over the project. With buying, you might have to compromise on certain features unless you’re willing to invest extra in renovations.

Building vs. Buying: Time, Supervision, and Trust

One major challenge for Nigerians in diaspora is managing construction projects from afar. Without trustworthy supervision, many face delays, fraud, or poor workmanship. The distance can turn a promising project into a nightmare.

That’s where buying often shines. For Nigerians abroad, acquiring a completed home through a reputable developer reduces the need for constant oversight. It ensures that quality standards are met and timelines are adhered to.

Nevertheless, some Nigerians abroad still prefer to build because it gives them peace of mind, knowing every brick and beam was chosen to their standard, assuming they have a reliable team back home.

Investment Potential: What Makes More Sense?

From an investment standpoint, both options offer value. Building vs. buying as an investment depends on your financial goals. If you buy a home in a fast-developing area, the value can appreciate significantly, and you could start earning rental income almost immediately.

However, buying land and building a home in emerging locations may offer better long-term gains. You get to buy land at a lower price and watch the area develop over time, boosting your return on investment.

This raises the question again: is it cheaper to buy land and build a house? In rapidly growing suburbs, the answer is often yes. But be prepared for the long haul. You’ll need patience and a strong support system to navigate construction from abroad.

Security, Documentation, and Legal Assurance

One of the most critical aspects of homeownership for Nigerians in diaspora is legal documentation. Whether you choose to build or buy, ensuring proper land titles, building approvals, and due diligence is non-negotiable.

Buying through a reputable developer often comes with the advantage of verified documentation. With building, you may need to conduct thorough checks yourself or hire professionals, which could increase your costs. This is another point to consider when comparing building vs buying a home cost.

If you’re asking, should I build or buy a house, consider how much risk you’re willing to take and how involved you can be in managing the process from a different country.

Modern Developments & Smart Living Solutions

Today, many developers in Nigeria offer turnkey homes with smart features, energy efficiency, and luxury amenities. These homes appeal to Nigerians abroad who want the comfort of international standards without the stress of building.

But if you’re passionate about having a unique architectural design or sustainable features tailored to your preferences, building a house versus buying might still favor construction.

Developments such as gated estates now cater specifically to Nigerians in diaspora, with flexible payment plans, guaranteed documentation, and transparent processes, making buying more appealing than ever.

So, Should You Build or Buy a House? Final Thoughts for Nigerians Abroad

Ultimately, the decision comes down to your goals, timeline, and personal preferences. Both options have their pros and cons. Building might be the right choice if you have time, a reliable team in Nigeria, and a strong desire for customisation. 

However, this route comes with several challenges, from the risk of fraud to managing contractors remotely. Mshel Homes addresses this challenge with our trusted services, which allow you to acquire land and have your home constructed transparently, securely, and efficiently. 

But if you need the property urgently and have less responsibility, buying could be the smarter path. Our ready-to-own homes and flexible payment plans make buying a home attractive and hassle-free. Our developments are in prime areas like Guzape, Lugbe, Apo Wasa, and more, allowing Nigerians in the diaspora to purchase property easily, knowing they are buying from a trusted developer.

When evaluating building vs. buying, consider all the key factors: cost, supervision, emotional value, and risk. For Nigerians in diaspora, there is not a one-size-fits-all answer.

When you’re wondering should I build or buy a house, the real answer lies in who you’re working with. If you choose to build, make sure it’s with someone who has your interests at heart. If you decide to buy, ensure it’s from a developer with proven integrity and track record. Mshel Homes gives you both options: buy from our finished homes or let us build one for you on your terms. There’s no better partner for Nigerians in diaspora looking for security, transparency, and value than Mshel Homes. Contact us to get started.

Amos Rebecca
11:18 08 Jan 25
Excellent Real Estate company, one of the best real estate companies in Abuja. Ideal place to invest.
Chamberlin
10:49 08 Jan 25
Mshel Homes is regarded as the best real estate company in Abuja and one of the leading real estate companies in Nigeria
Ambrose Clement
10:01 17 Dec 24
The best place to invest in real estate...🥰🥰🥰👍💯
Uwaisu Sallau
13:56 05 Dec 24
Mshel are the best when it comes to serving people
Eyefid Intelligence
09:43 12 Sep 24
It was a remarkable experience. The process of obtaining my allocation was seamless. Weldone
Joseph Uyanah
18:52 29 May 24
They have impeccable customer service. Their building structures are amazing. I’d recommend you go to them if you’re looking for a top notch real estate group in Abuja and Yola.
Regina Ekweke
08:30 05 Dec 22
When I hear real estate investment, I thought it was only made for a certain group of people, but Mshel Homes made me realise that Real Estate investment and banking is for every one who is aspiring to grow financially. I would give more than 5 stars if possible👍
Oyiba Solomon
08:22 05 Dec 22
This is a real estate company based in abuja and has provided a whole lot of luxury homes to numerous clients in the FCT. they are well known for integrity, reliability, competence and good customer relationship.
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