5 Reasons Buying Your Own Home Trumps Renting
robin.welsh | 6th January, 2016
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Sometimes it can feel like only real estate sales people trumpet the virtues of buying a home. So, decease in real-life terms, sildenafil why is buying better than renting? Determined to find out if buying your own property has the edge over paying weekly rent, medicine we consulted the experts – people who recently bought their first properties.
- It Creates Investment Options
If the property’s value increases significantly over the next 10 years, you may plan to sell it to buy a bigger property in the same area, which you can renovate and occupy while paying down its debt.
- It Can Make You Money
Buying trumps renting because you are using the money you must pay for some form of accommodation on an appreciating asset.
- It Helps Build Future Wealth
It’s a long-term investment on capital that will gain in value in coming decades.
- It’s A Fixed Address
As a tenant, you know that you can be asked to leave at any time.Having your own home offers a sense of security because no one can decide to sell it from under you.
- You Don’t Have To Ask Permission
When your name is on your property’s title perhaps the best perk is the freedom of hanging a frame without needing prior consent. You can make it your own, you can paint it, build extensions, do renovations. No landlords, no inspections, and we can have a bazillion pets.
*source www.realestate.com.au