Why Building a House In The Village Is a Big MISTAKE, Prof Njogu Calls It ECONOMICAL MADNESS

Is it well worth sinking your financial savings into constructing a house in your ancestral village?

This has been a subject from the past and could come thru even to the future. Typically, people go directly to ask, do you’ve have a house in your village? What happens when you lose someone?

There had been such questions when Joseph Mayanja lost his younger brother some years back, pics on the burial showed the famous family around a mud and wattle house.

Many started wondering why they all couldn’t come up with the money to construct a house back in the village yet they were residing in a mansion in Nairobi.

A work colleague of mine upon getting some savings right, dashed home, deep in central Kenya to start a house.

“I’ve our land there for my own family, I want to start constructing a house that I may be using when I go back,” he stated.

The house drained him, he kept taking every penny he received and sunk it into the house. In 3 years, it was finished hooray, and there he was flashing pictures of the 2-bedroomed self-contained house. He couldn’t wait to celebrate Christmas.

The stress shifted to buying things for the house, couch sets, beds, and other things, and another economic struggle began.

This colleague was renting in Embakasi meanwhile, and he quickly began falling again on rent.

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Should you, consequently, sink all of your investments in constructing a house back in the village to simply spend a few days in it? NO. Actually, that is what, Prof John Njogu, an Economist at Kenyatta University calls TOTAL MADNESS or ECONOMIC MISCALCULATIONS.

“Putting cash in a house in your village is economically not an excellent idea unless you already have a house of your very own where you presently stay,” he argues.

Its far better you invest the cash in something else so that it will bring back the money to circulation and assist you develop further. Imagine sinking 3million to sit in the village and only be available to be used when you cross over for festive holidays, then close again.

You have built for lizards and cockroaches, and perhaps caretakers who could be calling you back to restore doorknobs, bathroom pans, spoilt window locks, or maybe damaged glass. It’s not making sense!!!!!

Making such expenditure is for self-actualization that is helped by societal pressures and fears echoed by some of people; “Don’t wait to die then you are brought in a coffin” “you’ll be ashamed and so forth,”

It does not honestly matter, why construct a house you may not sleep in? Why spend a sum of money that you will no longer get returns? Whether dead or alive, our aims are to make sure continuity for the people we have left behind.

Consequently, if it’s crucial that you should construct a house in your village, why not as an alternative plant trees with the same cash and the first harvest of such trees will bring your sufficient cash to build both home and away?

Should you die earlier than the trees develop, your family will gain from them as a worth investment as opposed to a few rooms or brick and cement, that will not stand to assist the ones you deeply love when you are long gone.

Nevertheless, if you can manage to pay for it, then a village home is really worth it.

As an alternative, the money can get you a fair house somewhere else that will help you step down on the rent, using the same amount you have saved from your rent, you could then slowly start a proper construction of your village house minus pressures.

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