Nile Post
  • News
    • 2021 Elections Watch
      • The Election Podcast
    • Education
    • Exclusive
    • Investigations
    • Security
  • Business
  • Opinions
    • Columns
      • Parting Shot
      • Two Sides of a Coin
      • Bazanye’s Quick Shots
      • But this Year!
  • Global
    • Africa
    • Asia
    • Middle East
    • Europe
    • The Americas
  • East Africa
    • Kenya
    • Rwanda
    • South Sudan
  • Lifestyle
    • Entertainment
    • Health
      • Coronavirus outbreak
    • Tour & Travel
    • Love Therapist
    • Homes
    • Reviews
  • Tech
  • Special Reports
    • Kabaka Mutebi’s 25th Coronation Series
    • Focus on Somalia
    • Sino-Africa
    • Uganda at 56
    • Anti-Corruption Fight
    • Age Limit Map
    • Tuve Ku Kaveera
  • Sports
    • Place-It
    • StarTimes Uganda Premier League
    • Bundesliga
    • World Cup
  • Jobs
  • Archives
  • Live
No Results Found
View All Results
  • News
    • 2021 Elections Watch
      • The Election Podcast
    • Education
    • Exclusive
    • Investigations
    • Security
  • Business
  • Opinions
    • Columns
      • Parting Shot
      • Two Sides of a Coin
      • Bazanye’s Quick Shots
      • But this Year!
  • Global
    • Africa
    • Asia
    • Middle East
    • Europe
    • The Americas
  • East Africa
    • Kenya
    • Rwanda
    • South Sudan
  • Lifestyle
    • Entertainment
    • Health
      • Coronavirus outbreak
    • Tour & Travel
    • Love Therapist
    • Homes
    • Reviews
  • Tech
  • Special Reports
    • Kabaka Mutebi’s 25th Coronation Series
    • Focus on Somalia
    • Sino-Africa
    • Uganda at 56
    • Anti-Corruption Fight
    • Age Limit Map
    • Tuve Ku Kaveera
  • Sports
    • Place-It
    • StarTimes Uganda Premier League
    • Bundesliga
    • World Cup
  • Jobs
  • Archives
  • Live
No Results Found
View All Results
Nile Post
No Results Found
View All Results

Is it worth sinking your savings into building a house in your ancestral village?

Is it worth sinking your savings into building a house in your ancestral village?

Crispus Mugisha by Crispus Mugisha
January 24, 2021 at 12:28 pm
in Homes, Lifestyle
For Shs47m, you can build a three-bedroomed house with basic finishes

Fully furnished house (courtesy photo)

This has been a topic from the past and will come through even to the future. Many times, people go on to ask, do you have a house in your village? What happens when you lose someone?

There were such questions when Joseph Mayanja alias Jose Chameleone lost his younger brother AK47 a few years back, pictures at the burial showed the popular singing family around a mud and wattle house.

Many started questioning why all of them could not afford to build a house back in the village yet Chameleone specifically was living in a mansion in Sseguku, along Entebbe road.

A work colleague of mine after getting a few savings right, dashed home, deep in Eastern Uganda to start a house.

“I have our land there for my family, I want to start building a house that I will be using when I return,” he said.

The house drained him, he kept taking every penny he obtained and sunk it into the house. In three years, it was done hooray, and there he was flashing images of the two-bedroomed self-contained house. He could not wait to celebrate Christmas.

The pressure shifted to buying things for the house, sofa sets, beds, and other things, and another financial battle commenced.

This colleague was renting in Kampala meanwhile and he soon started falling back on rent.

Should you, therefore, sink all your investments in building a house back in the village to just spend a few days in it? NO.

Putting money in a house in your village is economically not a good idea unless you already have a house of your own where you currently stay.

It is better you invest the money in something that will bring back the money to circulation and help you develop further. Imagine sinking 60m to sit in the village and only be available for use when you go over for festive holidays, then close again.

You have built for lizards and cockroaches, and maybe caretakers who will be calling you back to repair doorknobs, toilet pans, spoilt window locks, or even broken glass.

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

It does not really matter, why build a house you will not sleep in? Why spend an amount of money that you will not get returns? Whether dead or alive, our aims are to ensure continuity for the people we have left behind.

Therefore, if it’s important that you must build a house in your village, why not rather plant trees with the same money and the first harvest of such trees will bring your enough money to build both home and away?

Should you die before the trees grow, your family will benefit from them as a worthy investment rather than a few rooms or brick and cement, that will not stand to support those you deeply love when you are gone.

Nonetheless, if you can afford it, then a village home is worth it.

Alternatively, the money can get you a fair house elsewhere to help you step down on the rent, using the same amount you have saved from your rent, you can then slowly start a proper construction of your village house minus pressures.

 

 

 

 

Tags: constructionhomesUgandanewsvillage house

Related Posts

Bobi Wine deletes social media posts of virtual meeting with USA ‘puppet’ Juan Guaido after backlash
2021 Elections Watch

Bobi Wine deletes social media posts of virtual meeting with USA ‘puppet’ Juan Guaido after backlash

by David Omoding
March 6, 2021
0

National Unity Platform Presidential Flagbearer and principal Robert Kyagulanyi Ssentamu alias Bobi Wine has deleted social media posts in which...

Read more
Wife who said she was going to watch news in the neighborhood, caught cheating; Partner murdered

Wife who said she was going to watch news in the neighborhood, caught cheating; Partner murdered

March 6, 2021
We were robbed at a police roadblock along Northern Bypass- Lawyer

We were robbed at a police roadblock along Northern Bypass- Lawyer

March 5, 2021
Rivalry, Politics returns as Ugandan Conventions woo North American diaspora

Rivalry, Politics returns as Ugandan Conventions woo North American diaspora

March 5, 2021
Lira businessman enters church with loaded pistol, lands in trouble

Notorious female thieves arrested, pistol and SMG gun recovered from them

March 3, 2021

Discussion about this post

Follow Us

  • 179.2k Fans
  • 159.2k Followers
AdvertisementAdvertisementAdvertisement

Latest

Kyagulanyi petition: Lawyers to be given only 30 minutes to make their case

The turns and twists in Bobi Wine’s poll petition

March 7, 2021
Bobi Wine refutes claims of foreign funding

Bobi Wine consoles supporters from Western Uganda, tells them to continue with the struggle

March 7, 2021
Kayondo uses social media to make tourism exciting for the youth

Kayondo uses social media to make tourism exciting for the youth

March 7, 2021
With Shs 3 million, a teacher started a phone shop in Hoima. Now he’s earning profit of Shs 40 million per year

With Shs 3 million, a teacher started a phone shop in Hoima. Now he’s earning profit of Shs 40 million per year

March 7, 2021
URA tips women on lucrative business opportunities

URA tips women on lucrative business opportunities

March 7, 2021
cocacola-ad-safebodacocacola-ad-safebodacocacola-ad-safeboda

Featured

With Shs 3 million, a teacher started a phone shop in Hoima. Now he’s earning profit of Shs 40 million per year
Business

With Shs 3 million, a teacher started a phone shop in Hoima. Now he’s earning profit of Shs 40 million per year

by Jaluum Herberts
March 7, 2021
0

Today, I want to share with you another...

Bobi Wine deletes social media posts of virtual meeting with USA ‘puppet’ Juan Guaido after backlash

Bobi Wine deletes social media posts of virtual meeting with USA ‘puppet’ Juan Guaido after backlash

March 6, 2021
Mabirizi scored AAAA at A-level, went to Law School but ditched LDC. Now he is rattling Ugandans

Mabirizi scored AAAA at A-level, went to Law School but ditched LDC. Now he is rattling Ugandans

March 7, 2021
  • About
  • Advertise
  • Careers
Call us: +256-417-720-101

© 2020 Nile Post Uganda Ltd. - A Next Media Services Company.

No Results Found
View All Results
  • News
    • 2021 Elections Watch
      • The Election Podcast
    • Education
    • Exclusive
    • Investigations
    • Security
  • Business
  • Opinions
    • Columns
      • Parting Shot
      • Two Sides of a Coin
      • Bazanye’s Quick Shots
      • But this Year!
  • Global
    • Africa
    • Asia
    • Middle East
    • Europe
    • The Americas
  • East Africa
    • Kenya
    • Rwanda
    • South Sudan
  • Lifestyle
    • Entertainment
    • Health
      • Coronavirus outbreak
    • Tour & Travel
    • Love Therapist
    • Homes
    • Reviews
  • Tech
  • Special Reports
    • Kabaka Mutebi’s 25th Coronation Series
    • Focus on Somalia
    • Sino-Africa
    • Uganda at 56
    • Anti-Corruption Fight
    • Age Limit Map
    • Tuve Ku Kaveera
  • Sports
    • Place-It
    • StarTimes Uganda Premier League
    • Bundesliga
    • World Cup
  • Jobs
  • Archives
  • Live

© 2020 Nile Post Uganda Ltd. - A Next Media Services Company.