Most people in the community think that owning a home is better than being a tenant, and everyone has their own reasons for doing so.
But what about you?
Is it important to live in a house that is for yourself?
Or does it make a difference to you if you live in a rented property?
Of course, we can all say that we like to live in a fixed place, a house that we have complete control over.
Whenever we want to change the interior architecture or paint the walls to our own taste.
But life does not always go according to our wishes and standards.
And sometimes during our lives we are forced to rent and accept a series of rules.
There are several factors involved in your decision to buy or rent a home
And you have to see what your personal and family circumstances dictate.
Owning or renting a house?
Within each family, there are specific circumstances with different criteria, and we can not reach a final decision about everyone.
In this article, we are going to state the points that should be considered when deciding to buy or rent a house.
And leave the final decision to you.
Buying a house
Buying a home should be one of the momentous events of your life.
Because he has been working hard and planning for many years and decides to spend it on buying a house.
There are a few important things to keep in mind when buying a home
-Financial stability
According to experts, if you are planning to buy a house
Make sure you have job stability for the next few years (at least 3 years).
Buying a home at any time and under any circumstances requires a high payment and may force you to take out a loan or borrow from others.
So consider all your financial and work conditions and assess your financial strength
If you have job stability and financial income for the next 3 to 5 years
You can make the necessary plans for the purchase.
Assess the economic situation
If you have the money to buy a house and you have chosen the neighborhood and house you want, assess the market conditions!
It is not always the time to buy a house.
You may need to wait a while at a certain time in terms of the economic conditions of the community.
Until the market calms down from tensions and false prices and transactions reach a certain stability.
In this case, you can ask a professional real estate agent for advice and then proceed to purchase.
- Have full time and energy
Buying a home requires a lot of time and energy in addition to capital.
Follow the house with full patience and enough concentration.
Search all specialized sites and stay up to date with the latest news and information.
Look for a reputable and professional real estate agent
To buy a suitable house with enough search and more accuracy.
We suggest that if you do not have enough time or patience, postpone the purchase of the house or ask for help from friends and people you trust.
Because buying a house is a big and important issue and requires enough time and energy.
- Check the priority of your life
Examine your life priorities well before you buy
Is Now a Good Time to Buy Your Home?
What is the purpose of your purchase?
Before buying, thoroughly consider all these factors to make the best decision about spending.
Be prepared for big changes in life
Buying a home should be one of the momentous events of your life, so be prepared for it.
You may not be able to be financially independent for long, and you may need to save more and manage your living expenses.
Also, the house you bought now is based on your budget and financial ability and may be completely different from the house you had in the past.
Your mind would be disturbed in this case and you might feel confused and worried about moving things and arranging them.
But do not worry, the important thing is that now you have a home and you have reached a spatial stability in life.
So get rid of worries and worries from your mind and use your creativity and mental ideas.
Put away useless items and tidy up the house with the rest of your belongings.
Positive points in buying a house
1. You have complete freedom to decide
When you own a home, you can make the changes you want at any time
Make the decoration to your taste and change the color of the walls to any color you want.
You can live for years without worries and not worry about moving.
You have the power to take care of the animals and you can decide for your life more freely.
2- You are safe from inflation and rising prices
When a house deed is written in your name, you are away from all the increase in prices and inflation until the moment you own it.
Because you have a home to live in and capital.
3- You will be relieved from paying extra fees
By buying a home, you give yourself the chance to spend your monthly rent on a savings or mortgage payment.
By doing this, you will save a certain amount per month and at the end of the year, you will see savings with a high amount.
4- Maintaining peace of mind
When you live in a house that you own, it is like stress
You are far from paying rent, furniture, inflation and rising annual prices.
And if the price of a house goes up, you have a safe investment to make a living.
In general, buying a home can protect you from stress and rising inflation and prices.
Negative points of buying a house
Buying a home does not have to be complicated
If you want to make a profit from buying a house and increase the price in the shortest possible time, buying a house is not a good option for you.
Because the main factor in property pricing is economic conditions and these conditions depend on several factors and may be different at different times.
Sometimes it increases and sometimes it stagnates and stays the same, but sometimes it is possible to reduce the price.
As a result, you may be forced to sell for less when you sell due to lack of time and lack of buyers.
-Payment of sudden expenses
If you are a homeowner, do not be surprised at all by some sudden and of course high costs.
Plumbing may be in trouble or very fast and significant internal costs may occur
There are also municipal taxes and fees, and all of these costs are the responsibility of the homeowner.
As a result, always have a mindset ready for these events to happen and consider a cost.
The above are important and general points that should be considered when buying a house.
Of course, keep in mind that if you can afford it, always having and buying a home can be the best option.
Although few, there are people who can afford to buy a house, but their preference is to live in a rented house.
Usually these people have their own reasons and of course everyone's opinion is completely personal and respectable.
Here are some important tips for renting a home
Specify the length of your stay
Lease of apartments is usually agreed upon under a one-year contract.
But if your conditions are specific to concluding a contract and you need more or less time, be sure to discuss it with a real estate consultant.
So that you do not face serious problems in the future.
- Rent a house or mortgage it?
Examine your financial strength before closing any contract or letter of commitment.
The amount you pay as a monthly rent will never be refunded to you and you will be paid on a specific date each month.
You have to pay for it. So check the financial situation well before concluding the contract.
Also, if you can not afford to pay monthly, you can mortgage a house.
In this case, you will pay a total amount according to the agreement, and when you get up from that house, you will receive the full amount paid.
- Do your transactions legally
Even if you are going to be in a detached house for less than a year and pay a small fee, it is still better to make it legal and in writing.
Because you pay a fee anyway and your landlord has obligations to it.
To avoid any problems, it is better to always write and formalize your contracts.
Renting is not always a bad idea, contrary to popular belief, and it can have its ups and downs.
First, you do not have to worry about high construction costs
When you enter a residential apartment as a tenant, you only have to pay a monthly charge that is related to the running costs of the building.
Like payment (joint bills - cleaning - gardening, etc.)
However, it is the responsibility of the landlord to pay the general costs related to repairs or replacement of the equipment and you are exempt from paying it.
- You experience living in a certain neighborhood for a while
Renting gives you the opportunity to live in that neighborhood for a short time before buying a home.
And before buying and staying long, check the conditions of the neighborhood and the area.
- High diversity
Renting is a great opportunity for people who are diversified and will soon get tired of the environment.
In this case, instead of paying a lot of money for internal changes after the end of the contract, they easily pack up and go to a new place.
In general, as a final point, buying or renting a house is a completely personal decision and will vary according to the circumstances of the people and their priorities.
As a result, always consider the general conditions and buy or rent with the right and definite decision.
What experiences have you gained from renting or owning a home in your lifetime?
Share your useful experiences with us.
