subject: All Homes Lead to Greece: Supertips and Superexpertadvices [print this page] Building and owning a house are an important investment for the future. In fact, having your own home is the best long term investment to secure anybody's future. It's a fairly general rule as house appreciates every three to five years. And as years passed by, the value will get bigger and bigger. Although the market figure of a house will mostly depend on the neighborhood it will share, you're still guaranteed to have a value appreciation brought by the economy, supply and demand, and area development.
TOWARDS A BETTER FUTURE
Building and owning a house can provide that stable security everybody is trying to build so hardly. Compared to a rented house that needs to be paid periodically, owning a house gives you a stable monthly figure sparing you from house rental increase brought by so many factors. Fixed rate mortgage for example offers a fixed monthly payment until the mortgage has been successfully met.
By building and owning a house, you'll also get to enjoy a forced saving benefit which can really surprise people who rarely saves up money. Not all people are born money saving enthusiast, some are born naturally lazy - a house can be an automatic piggy bank. There are two ways on how you unvoluntarily accumulate a saving.
One way is through the mortgage plan you remit monthly. A portion of that payment will directly go to the principal, overtime, this value will accelerate.
The second way is through appreciation. You can expect an at least 2%-3% of annual increase which can even go higher in some years.
Building and owning a house also give you far greater freedom and absolute liberation from tenant rules implemented by landlords. As long as it's within the perimeter of your property, you are free to do anything you want to your heart's content. You can design the house and redesign it anyway you want it without requiring anybody's approval.
All Homes Lead to Greece: Supertips and Superexpertadvices
