5 reasons why homeownership investment is the best financial investment
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By Walter Huff
home is the safest investment that one could ever own. First, what makes a house a good investment is the fact that over time, it will appreciate in value and secondly, at old age, you can choose to sell the home for a better and a smaller home like a condo. Buying your own home is the best option that you could ever make after all, it only makes more sense to buy a house than to rent since there are no real returns that you get renting. BUYING A HOME AS YOUR INVESTMENT What makes a home one of the best investment is its nature, it is inflation free or inflation protected and it is a physical asset that does not disappear like so many other assets like stocks. A common problem that affects most of the people is that they will usually wait until they buy their second or third home to make an investment on them.
You can start as earlier as the first time you purchase your home. Many people have found themselves trapped in the mortgage crisis and that is the time when they start asking themselves if the home could really become a good investment idea. Buying a home is one of the long-term wealth accumulation idea as it will act as a forced savings account. And the advantage keeps flowing bit by bit because instead of paying the landlord, you could be paying yourself through paying down a mortgage on a house. WHY HOMEOWNERSHIP INVESTMENT IS THE BEST IDEA Financial analysts and realtors explain that homeownership is the best idea since the mortgage payments can be fixed while the rents go up and the equity in your home can be a financial resource in the future days to come. MAY 2022 | 41
