subject: 3 Reasons Good and Bad To Buy A House [print this page] 3 Reasons Good and Bad To Buy A House 3 Reasons Good and Bad To Buy A House
Have you ever thought that there could be right and wrong reasons for buying a house? Not until today did it ever struck me to think if there are good and bad reasons to buy a house. And really I cannot believe it took me until now. I mean if you think about it buying a house is like getting married it is a commitment that will last you for the next 20- 30 years! It also it something that you will have to maintain with lots of hard work , patients and love. So just as marriage is not for everyone, could there be good or bad reasons to buy a house too?
We all know that just because someone is physically attractive to us does not mean that we will marry them, so when you want to buy a house is it the same? I mean do you need better reasons than just falling in love with a particular property, and because you have some cash at your disposal idea to marry your property just because it looks good.
With properties getting increasing more expensive, interest rates going up and down and with the world in a global crisis, are you buying for the right reasons. In this article we will see what the three best and three worst reason are for buying a house in today's market.
3 Of The Worst Reasons:
1. People are afraid that if they don't buy now they'll never be able to afford it, because of escalating real estate prices.
2. Tired of paying rentals- people feel they are throwing money down the drain. You are not throwing money away you are exchanging it for a place to live whilst having the freedom to move within a few weeks' notice, when you like if you find something better or if you lose your job. Owning a house has many other extra costs, and headaches that renting does not have.
3. Buying a house for the tax deduction. People think that with paying a rental you are throwing money down the drain which you could have been investing in your own home, with the added benefit of getting a tax deduction, but they should remember that home improvements are not tax deductible and these are costs that can really add up.
3 Of The Best Reasons:
1. To buy a house is still one of the best long term investments. And if you are looking for a way to invest your money without the risk of some other types of investments.
2. The security of owning your own home. When the time is right, many of us crave the security and stability that comes with owning your own home.
3. Buying a property is an investment in the security and financial freedom of yourself and your family. Once your bond is paid that house is yours to do with what you like. Many people want to leave something behind for their partners and children, knowing that if something should happen to them their families will still have a place to call home.
So there you have it! The 3 best and worst reasons to buy a house. Before you buy a house make sure that you are doing it for the correct reasons, and not the wrong ones.
