It has come to everyone’s knowledge that buying a house is a price that not everyone can afford. It is an expensive investment that needs years of planning and saving. These days, real estate properties are becoming pricier than before.
That is why a lot of people are resorting to renting a house instead. But there are actually more benefits in buying your home than renting one for the rest of your life.
Buying vs. Renting
Renting a property is something that almost everyone is doing. Especially young adults, newly-weds, and young entrepreneurs. They say that renting a house is better than buying one. Some people would agree with that statement. But a lot of people know that buying a house is better than renting.
Buying a house gives you the freedom to do anything. You don’t have to be careful with your steps since you don’t have a neighbor below. You don’t have to worry about paying your landlord the rent every month. Many worries can be erased from your mind if you start owning a house instead of renting it.
Although it can be pricey, it is a great investment. Having a place to call home is important, especially to those who want to be with their loved ones in the same house.
Renovations
Giving your home a new look is something that you can only do if you own the house. Most people already know that renovations are not allowed in rental homes, especially without your landlords’ permission. And permissions are rarely granted since it has become an unwritten rule that renters cannot renovate rental homes.
If you own the house, you can design it the way you want. You can paint the walls with the color of your desire and make other alterations in the house with no permission need from anyone but yourself.
Although it is said that buying a house is not easy, especially when it comes to financial matters, but with the right plan and the right home, you can achieve your dream home. But before buying a house, there are four things that homebuyers need to consider:
1. Location
The location of your property plays a big role in the purchase price of your home. If the property you are planning to buy is located in a popular area, it is most likely expensive. Because if the place is popular, there will be more demands in home-owning in that area. And the higher the demand, the higher the price of the properties gets.
Local amenities are also included in the location. For example, your property is near a hospital, a school, or even a supermarket. People tend to live in places close to the properties mentioned as it is beneficial for them.
You also need to consider if the place you’re planning to live in is a flood-free community. Most people these days are taking this into account because a lot of natural calamities have been happening.
2. Rooms
When it comes to checking out houses, most home buyers tend to look at the number of rooms that the house has. This is because they want to make sure that it fits their family or if they want to have their own study room or studio.
The more rooms a house has, the more the price goes up. Again, it is a huge investment, but it will benefit you and your family.
3. Design Quality
Homes with modern design is a trend these days. But not all designs are fit to the quality that you are looking for. You need to check if the walls aren’t too thin or if the walls’ surface isn’t too rough. Checking the quality of the ceiling is great too. Avoid popcorn ceilings since they can cause you a lot of trouble in the future.
The quality of the floor design is also something that you need to look out for. If the house has tile flooring, you should look out for the hardness of the tiles. It is better if the tiles are porcelain since they are more durable. If the floor is wooden, you can ask your real estate agent about what wood was used.
And if the floor is concrete, you need to know if it has proper sealers like epoxy floor sealers and such. This will ensure that you have a durable floor since this is the place where you’ll be running and walking around for the rest of your life.
4. Price
The last piece of advice is the purchase price of your home. It is already said that buying a house is a huge investment. But the advantage is also huge is you get to own the house. Almost all investments are expensive. You have to invest in something worth it, and that is the house.
If it still does not fit your current budget, consider housing loans to help you get the home of your dreams. Owning a house is expensive, but nothing can beat that joy once you finally have a place to call home.
