Deciding whether to own a home or just pay monthly rent is like being caught between a rock and a hard place.
Oftentimes, we settle to rent a property that is owned by another. At first glance, it may look like a practical and immediate relief to an urgent need for shelter but is that really the case?
Why Turned off with Owning a Home?
People have a preconceived notion that owning a home is a financial tyranny.
We are worried of high amortization rates and bank charges that we are bound to pay monthly for several years. But when we take a closer look, we find that owning our home is not only a financial sound decision, but a great investment as well.
What is the Real Deal?
Financial Deal
How many times have we heard that renting a place is more costly that paying your monthly mortgage? I'm sure that if you're a discerning homebuyer, you've probably come across these insights from relatives or friends. And guess what? They are not pieces of advice for nothing.
The first real deal is that you will be spending the same amount of cash for a monthly apartment rent as you will for a monthly mortgage for a small house or space.
The second real deal is that you are making an investment when you are buying a property. As we learn from business 101, investment is purchasing an item of value with an expectation of favorable future returns. Property is valuable.
That leads us to the third real deal which is the return of investment (ROI). What is the value of owning your property? Basically, the immediate return of your investment is the property itself because in time, it will be yours. It has a huge potential to appreciate in value in the long run should you decide to take it to the property market.
On the hand renting has its own return of investment as well (technically) but it is in favor of the property owner who might be using your rental fees to invest on another property. Your landowner's property may be appreciating in value while you, the tenant pay the price of rental fees that is inclined to increase yearly.
Quality of Living
Let's face it, ownership means freedom. Owning your home means having all the right to do everything in your house. You can dress it anyway you want, renovate seasonally, hammer nails on the wall without having to consult any landlords and invite people to come without worrying if they make a mess or stay overnight. Owning your own home is an empowering experience which gives you the perfect venue to express yourself.
Owning your home allows you to live the quality of lifestyle that you want and nurture relationships without limits.
So Why Own your Dream Home?
Our vision of a dream home equates to sky high price tags that we can only see ourselves owning when we win the lottery or retire as a millionaire. With this thought in mind, no wonder our dream home remains as a fleeting dream.
In truth, isn't it that a dream home should be just as simple as owning one?
The booming real estate sector which gives rise to high competition among property developers allows for a variety of choices, flexible payment options and perks to win their prospective homebuyers' trust and business.
Now is the perfect time for prospective homebuyers to explore and capitalize on these choices to acquire their own home and fulfill their dream.
Why Buy My Dream Home website?
A prospective homebuyer comes in different forms: a newly married couple, a growing family, bachelor or bachelorette, retired couple, expat, balikbayan, business owner or investor.
Buy My Dream Home website provides an overview of the many properties that will suit your needs and won't burn your pocket. We provide prompt and personal approach to your property search requirements and needs while also offering guidance along the way so you can discern wisely, decide with confidence and make your investment worth every hard earned penny .
Take your first step in owning your dream home. Contact us today for a friendly chat!
Oftentimes, we settle to rent a property that is owned by another. At first glance, it may look like a practical and immediate relief to an urgent need for shelter but is that really the case?
Why Turned off with Owning a Home?
People have a preconceived notion that owning a home is a financial tyranny.
We are worried of high amortization rates and bank charges that we are bound to pay monthly for several years. But when we take a closer look, we find that owning our home is not only a financial sound decision, but a great investment as well.
What is the Real Deal?
Financial Deal
How many times have we heard that renting a place is more costly that paying your monthly mortgage? I'm sure that if you're a discerning homebuyer, you've probably come across these insights from relatives or friends. And guess what? They are not pieces of advice for nothing.
The first real deal is that you will be spending the same amount of cash for a monthly apartment rent as you will for a monthly mortgage for a small house or space.
The second real deal is that you are making an investment when you are buying a property. As we learn from business 101, investment is purchasing an item of value with an expectation of favorable future returns. Property is valuable.
That leads us to the third real deal which is the return of investment (ROI). What is the value of owning your property? Basically, the immediate return of your investment is the property itself because in time, it will be yours. It has a huge potential to appreciate in value in the long run should you decide to take it to the property market.
On the hand renting has its own return of investment as well (technically) but it is in favor of the property owner who might be using your rental fees to invest on another property. Your landowner's property may be appreciating in value while you, the tenant pay the price of rental fees that is inclined to increase yearly.
Quality of Living
Let's face it, ownership means freedom. Owning your home means having all the right to do everything in your house. You can dress it anyway you want, renovate seasonally, hammer nails on the wall without having to consult any landlords and invite people to come without worrying if they make a mess or stay overnight. Owning your own home is an empowering experience which gives you the perfect venue to express yourself.
Owning your home allows you to live the quality of lifestyle that you want and nurture relationships without limits.
So Why Own your Dream Home?
Our vision of a dream home equates to sky high price tags that we can only see ourselves owning when we win the lottery or retire as a millionaire. With this thought in mind, no wonder our dream home remains as a fleeting dream.
In truth, isn't it that a dream home should be just as simple as owning one?
The booming real estate sector which gives rise to high competition among property developers allows for a variety of choices, flexible payment options and perks to win their prospective homebuyers' trust and business.
Now is the perfect time for prospective homebuyers to explore and capitalize on these choices to acquire their own home and fulfill their dream.
Why Buy My Dream Home website?
A prospective homebuyer comes in different forms: a newly married couple, a growing family, bachelor or bachelorette, retired couple, expat, balikbayan, business owner or investor.
Buy My Dream Home website provides an overview of the many properties that will suit your needs and won't burn your pocket. We provide prompt and personal approach to your property search requirements and needs while also offering guidance along the way so you can discern wisely, decide with confidence and make your investment worth every hard earned penny .
Take your first step in owning your dream home. Contact us today for a friendly chat!