“Avoid Catastrophic Mistakes When Financing Your Home Construction: Advice from Real Estate Expert, Muhammad Al-Ameerini”

2023-04-25 21:29:33

Al-Marsad Newspaper: An interested in real estate affairs, Muhammad Al-Ameerini, revealed catastrophic and dangerous mistakes committed by those who take financing for personal construction.

And he said in a video clip: “In friendly words I say to the employees, especially those whose salaries do not exceed 12,000 riyals.”

Flat areas of the house plan

He continued: I have two clients, one of whom is from Jazan, whose salary is 10 thousand and 200 riyals, and another from Qassim, whose salary is 8 thousand riyals, and they asked me, “What do you think of the house plan,” adding, “other than the problems in the plan, my father is talking regarding flat areas for building.”

And he added: I told him, look at the flat of the building, he said, “What is in it.. I have guests,” and I said to him, “You have a men’s council 6 by 10.. The council alone with the toilet and washbasins will cost approximately 150 thousand riyals.”

Take out a loan to build a house

He added: He told me that he would take a loan of 700 thousand, that is, he would pay one million and 400 thousand over 20 years, as their interest is 700 thousand riyals, and every month they take 5 thousand and 800 riyals from his salary.

Build according to basic needs without tongs

And he explained: You are setting up a house and demolishing a family. You get money to build your basic needs and manage the construction in a proper way.

Build professionally to live a happy life

And he continued: I said to the client, “I can provide you with your needs, adjust you, and take your money.. But what happens to this talk.. You have to think right and change right, and leave your house for what costs 480,000 or 500,000 riyals as a maximum.. Try to adopt professionally so that you can live a happy life.” Longevity.. How can 20 years take half of your salary from you?


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