Buying a house is a significant step in life, but not everyone has the financial capability to do it independently. Currently, there are various options for people to own a house without having to build it themselves, thanks to large housing complexes and financing facilities like Home Ownership Credit (KPR).
However, some still choose to buy land and build their own houses. So, what is more advantageous: buying a ready-made house in a complex or building it yourself?
Adjustment to Needs and Financial Capability
According to Financial Planner from Advisor Alliance Group (AAG) Indonesia, Dandy, the first step in buying a house is to plan according to needs and financial capability. Factors such as location, cost, and nearby facilities should be considered.
If the budget is limited, purchasing in a housing complex may be a better option as there are choices for cash or credit payments. However, for those with more funds, building a house themselves could be an alternative.
“The cost of buying a ready-made house is more affordable compared to building it yourself, especially with various promotions offered by developers and the convenience of using KPR,” explained Dandy.
Adjustment to Time
Besides financial considerations, time should also be taken into account. If you want to own a house quickly, buying a ready-made house in a complex can be a more practical choice because the building is already available.
“The process of buying a house will be easier and more practical compared to building it yourself,” he said.
However, building a house yourself requires additional time for land preparation, designing the concept, finding a contractor, and the construction process. However, the advantage is that the design can be tailored to your preferences.
Pros and Cons of Buying a House in a Complex
According to Financial Planner, Andi Nugroho, there are three advantages to buying a house in a complex. First, the entire process from purchase to construction is managed by the developer, so the buyer only needs to occupy the ready-made house.
“All processes, including buying and selling administration, building permits, and house construction, are handled by the developer. The buyer just needs to occupy it,” said Andi.
Second, housing complexes are generally equipped with complete public and social facilities, enhancing the comfort of residents.
Third, purchasing through KPR eases the financial burden for buyers with limited budgets. However, the downside of buying a house in a complex is the higher total cost compared to building it yourself, due to the developer’s profit and KPR interest.
Pros and Cons of Building Your Own House
Building your own house can be more cost-effective with quality equivalent to developer-built houses. The design and location of the house can be tailored to your preferences.
However, the process of finding land, handling administration, and finding contractors must be done independently. Also, public facilities around the house may not be fully available, unlike in a comprehensively developed housing complex.
Financial Planner from One Shield Consulting, Budi Rahardjo, adds that building a house yourself may not always be accessible with financing facilities like KPR, and the risk of additional costs during construction must be considered.
“Choosing trustworthy architects and contractors and managing construction costs carefully are crucial because building your own house has its own pros and cons,” he added.
Home Purchase, Housing Complex, Building Your Own House