My Zeo

  • Home
  • About
  • Blog
  • Lifestyle
  • Health
  • House
  • Pets
  • Fitness
  • Money
  • Contact

Why Invest In A New House And Not Continue Paying Rent

June 2, 2018

Owning a house provides a way to increase your wealth have financial backing for the future. That is why today young people see this opportunity as a matter of personal fulfillment, while paying rent is not profitable. Why?

Buying a new house is unquestionably a great investment opportunity, mainly when the purchase is made on plans because the house is bought on credit and will represent a future saving. A valuable asset you will own once you have repaid any mortgage outstanding.

Why buy a new house?

There is no excuse for not having an apartment or house. Many people initially make this investment to put the property up for rent and thus generate sufficient income to acquire future property that corresponds to their life goals and objectives.

What should be taken into account to make the decision?

The desire and commitment to take on the new responsibility of being a homeowner are undoubtedly fundamental, but you should not leave aside the budget. It is important to be sure of your economic stability and review your personal finances before making this investment.

In addition, it must be clear why the purchase is being made. If it is for investment, then the location of the property, the recognition of the construction company and the finishes must be considered. A good example of an attractive housing development for investment purposes is the houses for sale in Mornington Co. Meath. If it is a unit or co-ownership, the quality of the common areas should also be considered, as this will determine the value of the property.

You should also take into account the proximity to schools, hospitals and commercial areas as this will undoubtedly influence the purchase decision.

Housing is a safe investment, as housing is among the goods that are constantly being positively revalued, so it is also important to know that due to the large supply and demand of the real estate sector in many areas, the prices of properties tend to be very affordable and above all competitive.

In addition, new developments not only compete with prices but also with benefits such as forms of payment, better location, better provision of common areas, and also accessories for new houses, among other things.

The future long-term benefit

Undoubtedly, in the long term, the cost of purchasing a new house is far less than the equivalent cost of renting. What is more, at the end of the mortgage term, you own the property outright; an asset you will have for as long as you want, and which can be used as collateral, to rent and generate further income, or be left as an inheritance to your children in the future.

Leave a Comment · Money

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Me

Hello all!!!! I'm Darcy and I recently started writing on My Zeo about health and fitness (and part of that important health equation is sleep!). As we are all super busy with life, I try to integrate how to stay fit, relax and be healthy and happy through everyday life.

Facebook

My Zeo

NEWSLETTER

TeraHemp

From Debt to Fresh Start Alabama’s Bankruptcy Options Unveiled

Struggling with debt can be overwhelming, but understanding your options is the first step towards . . .

Read the Post

SIGNS YOUR PARENT NEEDS A NURSING HOME

Considering when to start looking for an aged care home for your parent can be difficult. Many . . .

Read the Post

Alcohol-free Wine, Beer and Spirits: The Newest Health Trend

As more and more people embrace the alcohol-free lifestyle, the market for alcohol free drinks has . . .

Read the Post

Snooker World Grand Prix Schedule: A Deep Dive

The Snooker World Grand Prix, a prestigious event in the world of snooker, is eagerly awaited by . . .

Read the Post

How to Ship a Car to Another State

Shipping a car to another state might seem challenging, but with the proper knowledge and . . .

Read the Post

Follow Us Online

  • Facebook
  • Instagram
  • LinkedIn

Copyright © 2018 myzeo.com

Copyright © 2023 · Simply Pro by Bloom Blog Shop.