How Much Exactly Is a House in Namibia?



How Much Exactly Is a House in Namibia?

How Much Exactly Is a House in Namibia?

WHAT IS A HOUSE INSURANCE?

A house insurance covers the expenses that occur when something unexpected or accidents happens to your house or belongings.

WHEN WAS BRICK HOUSES INTRODUCED?

Man has used bricks for building for thousands of years. Bricks have been the oldest known building material since 7000 BC.

WHAT ARE THE BENEFITS OF OWNING A HOUSE?

Here are some of the benefits of owning a house;

1 Control over cost

2 Save money

3 Living security

4 Stable monthly payments

5 An appreciating investment

6 Opportunity to build equity

7 Tax advantages

8 Freedom to personalize

9 Helps build credit

WHAT ARE THE TYPES OF HOUSES?

Below are the types of houses designed by architectures;

1 Single-family house

2 Co-op or condo

3 Townhouse

4 Modular home

5 Mobile home

6 Multi-family home

7 Container home

WHAT IS COVERED UNDER HOUSE INSURANCE?

House insurance covers;

Everything in your house against theft

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Fire

Weather damages such as storms, floods, lighting.

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WHAT IS THE PROCESS INVLOVED IN BUYING A HOUSE IN NAMIBIA?

To buy a house in Namibia, you need to follow these processes;

1 Decide whether you’re ready to buy a home

2 Calculate how much house you can afford

3 Save for a down payment and closing costs

4 Get preapproved for a mortgage

5 Find the right real estate agent

6 Begin house hunting

7 Make an offer on a house

8 Get home inspection

9 Get a home appraisal

10 Ask for repairs or credits

11 Do a final walkthrough

12 Close on your new home

HOW MUCH IS HOUSE INSURANCE IN NAMIBIA?

With a sum of N$1.5 million you can insure your house in Namibia.