When it comes to finally finding your own space to live, after years living with your parents at home, the decision is a big one. Should you rent a small flat or apartment and pay rent every month? Or should you apply for a mortgage and buy a house for yourself?
The argument between buying and renting is always a tough one and today we are focussing on the pros of one side of the coin: buying. There are Many reasons why buying a house yourself can be a great idea, and here are some of the top reasons why you should consider it this year.
Prices rise over time
One of the best reasons for you to choose to buy a house instead of renting is the fact that a house is an investment and this investment can be a wonderful one. Over time rather than a house lessening in value, it will likely rise because of the cost of living, and this will allow you in the future to sell your home for a profit and move somewhere even bigger.
You can build
The main issue with choosing to rent a house or a flat is the fact that you are limited to what you can do with the space. A lot of the time you won’t be able to do much to the space to improve or change it. However, when you are in your own home you have the freedom to do pretty much anything you want and you could even knock it down and get a custom luxury home builder to make a whole new building. There is much more freedom with buying a house and you can be creative.
You own it
The main reason why it is good for you to buy your home is the fact that the Home belongs to you. When we rent it is under the condition that the landlord doesn’t need the house for anything else. A landlord can evict you at any time they please and this can leave your living state very unstable. When you are in your own home though you will be able to rest easy knowing that the only way you’ll leave is if you sell.
You can own more
One of the great reasons why you should buy a house instead of renting a small apartment is the fact that you will be able to buy more items and own more. You’ll have a lot more space to house your things and this can be a huge bonus for you if you have a lot of stuff.
You’ll have a garden
It is possible that you could have a garden space if you live in a ground floor flat, but it much less likely than if you buy a house. When you buy a house you will always have a garden of some sort and a garden can be a huge asset to your lifestyle. You can sit out in the summer, grill burgers and enjoy the fresh air!