Pay rent instead of buying your own home?
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Why pay rent instead of buying your own home? How many times have we thought about the amount of money that we are leaving in a rent that we have been paying for years and years. At some point, it has all occurred to us why continue paying rent when you could be paying for your own home.
Another issue that we have surely also thought about is why not buy a house and rent it so that the house pays for itself, that is, why not make an investment with which to earn money.
For some people, renting a home is an inexpensive way to have a place to live, but in the long term, constant debts and poor management of their resources can cause financial problems that affect their ability to pay rent.
make the decision of make a real estate investment It can represent doubts and insecurity, especially when it comes to applying for a mortgage loan. However, those interested should know that invest money buying a property It is one of the smartest ways to ensure your peace of mind and that of your families. We are going to answer the question of why it is better to pay rent instead of buying your own house.
when you live rented
So between paying rent instead of buying your own house, you have to analyze a series of variables about what can happen when you pay the rent.
- If you think this is your best option, the first thing you should know is that the monthly rental fee you must pay for the rental property should not exceed 1% of the value of the house.
- In addition, you should include complex administration costs and utilities in your budget, which vary by socioeconomic class.
- It's worth noting that one of the benefits of renting a home is that you don't have to pay property taxes because you don't own the property.
- You should also not be responsible for repairs or maintenance, as that is the responsibility of the owner.
Between paying rent instead of buying your own home, having a mortgage has its attractions.
On the contrary, if you decide not to wait any longer and own your own home, then a mortgage is the most recommended financing option.
Before applying for a loan, you must determine if you want a new house or a second-hand house, analyze the options on the market and choose the one that best suits your tastes and needs.
One significant difference to paying rent is that the property is yours (even though it was originally mortgaged), once you've paid off the loan, it becomes part of your estate and your family's.
In addition, there are currently many options in the country through which you can buy a house and pay lower loan installments than rent.
Are you sure it's better to pay rent instead of buying your own flat?
ADVANTAGES OF OWN HOME
One advantage of buying a property is that you are creating assets, which will allow you to have stability for you and your family. Remember that this will be your home for at least 15 years, which is the average duration of a mortgage loan.
Specialists consider that it is a way to create wealth little by little, since the value of houses in the country remains above inflation.
In addition, the best time to buy a house comes according to your ability to acquire credit and savings, as well as your final choice of the area and way of life that is right for you.
In case you have a need, having an estate allows you to sell the house and solve the emergency without this meaning a disaster for your economy. Finally, over time you will improve your lifestyle for sure.
Pay rent instead of buying your own house? Our proposal is to buy
From insert We give you all the facilities so that you can buy a home at a cheap cost and on the beachfront in the town of Oropesa del Mar, next to Marina d'Or, so that you can enjoy the sea every day or to make the investment perfect with which to get the best profitability.
More and more people consider that buying a home is the best option when faced with the question of why pay rent instead of buying your own home.
Our Ciudad Jardín buildings are located in front of the Oropesa del Mar/Cabanes beach, next to the well-known family resort Marina d'Or. It is a very quiet area away from the center of the holiday complex, but, at the same time, very close to all its services and activities.
Marina d'Or has 8 leisure parks for children of all ages; the Marina d'Or Spa, the largest Marine Water Spa in Europe; from the Marina d'Or Gardens with fauna and flora from the 5 continents such as red carps, peacocks and swans and; of more than a hundred restaurants and shops at your fingertips.
The new Ciudad Jardín apartments are on the beachfront, in fact, to access the Torre la Sal beach, right in front of the apartments, you only have to take a few steps along a wooden walkway with direct access from your building.
In addition, we deliver the apartments fully furnished, equipped and decorated in detail, for example, they include: coffee maker, blender, juicer, laundry basket, hair dryer, photo frames, spare sheets and towels, broom and dustpan... it's ready To enter to live, your only concern is to have a good time and rest!
From only €543 per month you can have the apartment of your dreams fully furnished, equipped and decorated, ready to move into.
Why pay rent instead of buying your own home? I'm sure it's clearer to you now. Be the owner of the house you have always dreamed of.