People did go to school, studied hard and are now living lavishly. It is easy to tell that they worked hard to accomplish their dreams. The cars they drive, clothes they wear and mansions they built are epitomes of their hard work.
Who does not want to own a home? Pride of ownership is probably the number-one reason that people enjoy owning their own homes. It means you can paint the walls any color you desire, turn your music up, attach permanent fixtures, and decorate your home according to your own taste.
Homeownership also gives you and your family a sense of stability and security. It's investing in your future-equity that will grow with you the longer you are in the home. We all do not want to see our families suffer. The best thing to do is to prepare for the future now. Never tell yourself that it is too late, there is still time to accomplish your dreams. It will be too late when you are dead.
The benefits of home ownership don’t come without costs and limitations. For some, renting may be a better option. Renting has its own disadvantages, It is an expense too. There are cheaper houses you can built from scratch with the same amount of rent money you paid for three years. You will not have privacy when you rent.
One of the major benefits of renting versus owning is that renters don't have to pay property taxes. Real estate taxes can be a hefty burden for homeowners and vary by country. In some areas, the costs associated with property taxes can amount to thousands of rands each year. Renting allows you more expendable money in the short term, while owning a house gives one the sense of security as it is considered a long-term investment.
Owning is better than renting, especially after the 2020 interest rate cuts, which save money for homeowners, while renters pay the same rent. When it comes to getting on the property ladder, sooner is best. Better to not fall into the comfort zone of renting, and for first-time buyers to take advantage of things like low interest rates to take their first step onto the property ladder.
Content created and supplied by: TheNews72 (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More