Kathlyn dela Cruz
Have you asked yourself recently why you are still renting rather than owning a home? Renting a home is a lot simpler, yes, but buying and owning one can give you a greater deal of personal satisfaction.
We’ve listed down for you some of the advantages of owning a home that you can truly call yours.
- Your place, your rules
You have full authority and control over your space. If you want to remodel your kitchen, go ahead. If you want to hang patterned wallpaper on your bedroom walls, no one will tell you no. Unlike when you are only renting, you will always need to seek permission from your landlord first before you can proceed with any changes to your home.
You can also have all your pets by your side. You don’t want to leave them behind, do you? (Related article: 20 Pet-friendly Condominiums in Metro Manila)
If you own your space, you don’t need to follow anybody else’s rules, just yours.
- You can take advantage of fixed-rate loans.
What many renters don’t easily realize is that that rent costs may just be as high as — or even higher than — loan payments. So instead of giving your hard-earned money to your landlord every month, why not pay a mortgage instead and in return, have a tangible investment under your name?
There are many fixed-rate loans available in the market. A fixed-rate loan lets you stick to your monthly loan payment budget since the interest rate remains the same over the entire length of your loan term. This means your monthly loan payments also remain the same until the end of your loan term.
- You can make profit of it.
Say you have decided that you no longer want to live in your home, will that be a problem? No. Remember, owning a home is always one of the best investments you can make. If you no longer want it, you can make profit of it instead. You can sell it or have it leased and, in the process, earn extra income. You can list your property on ZipMatch, an online real estate marketplace that offers homeseekers all the information they need in choosing a home.
Take note also that the value of your property will appreciate over time. Improvements on your house can also help increase its value.
- You’ll feel greater satisfaction.
Getting your own home is a huge financial responsibility, sure. And so is renting. It’s a good training ground to being responsible for your finances.
But the big difference is that your money is being invested on a lifetime asset. Nothing can beat that sense of satisfaction and fulfillment.
Are you ready to switch from renting to owning a home? Find out which of these condominiums and house and lots for sale is the perfect for you.
