Carefully explained are the 6 Reasons Why Owning A Home is the Best Lifetime Decision. Critics may argue that buying a home may be more expensive in the long run as opposed to renting. What they don’t tell you is the other side that cannot be quantified, which include psychological satisfaction, the pride of passing it down to coming generations and the joy of a consistent community of people who ultimately become family. All these, when deeply looked at, blow other factors, including money, under the water. Here are the six reasons, carefully explained, on Why Owning A Home is the Best Lifetime Decision.
Owning a home makes the future more predictable
The human nature longs for assurance. It is why people toil day in and day out to ensure a better tomorrow for themselves. This involves places they live in, and for those paying attention to detail, it even touches on the food they will be eating in their retirement. An individual with no home will have to evaluate and make settling decisions based on money, that is, where rent is the cheapest or most favorable to his pocket. The result is that they settle anywhere. What’s worse is that they still have to deal with the pressures of paying rent. Let that not be you because owning A Home is the Best Lifetime Decision.
Your total payment on rent may be equal to buying your own home.
The observable truth and the reason that a myriad of people
An investment that you can pass down to the next generation.
Buying a home ensures it stays in your family after you are long gone. Your generations will celebrate the sacrifices you had to make to become a homeowner. They will rejoice at the hard work and resilience exhibited by you to guarantee a more stable upbringing and future for them. Just picture all the memories being shared over happy wine downs or blessed tea parties, depending on how they turn out. To add to that, your memory lives on, both in their hearts and in the property, hence Owning A Home is the Best Lifetime Decision.
A high resale value
The value of property in our country has seen a consistent increase in value over time. A lot of them even come with a resale value of 20% Return on Investment. Smart businessmen acquire property and sit pretty, and after a while flip it at a higher price. This is a sure investment for a rainy day. The icing on the cake is that it gives you more money than you initially put into it. Developing neighborhoods with easy access to amenities like hospitals, malls, and good roads always have more resale value in say, two years. Furthermore, you can use the excess to acquire other properties.
A permanent community of people
I’ve heard of a wise man that said, a rolling stone gathers no moss. Changing neighborhoods can cost meaningful relationships in the long run. Neighbors who’ve stayed together over a period of time, say 8 years become closely bonded and form deep connections and networks. They generally add to the value of life that cannot be measured.
A supplement for your retirement Income
Imagine having extra income when you are a bit older and the possibilities of traveling the world and experiencing different cultures. The tranquility of sitting down in your balcony and reminiscing about your youth, and the wise investments you made. This is what you get when you acquire property in developing neighborhoods that you then rent out for extra cash. A good place to make such an investment is in a residential project. This makes owning a home the best life decision.
