Search Property For Sale

3 advantages to buying your own home

Google+ Pinterest LinkedIn Tumblr +

There are several reasons why owning your own property is important, says Mike Greeff, chief executive of Greeff Christie’s International Real Estate.

There are several reasons why owning your own property is important, says Mike Greeff, chief executive of Greeff Christie’s International Real Estate.

The top three reasons to take the leap and buy your own property include:

It’s a buyer’s market: The interest rates are the lowest they have ever been and the prime lending rate of 7.25% makes the climate even more favourable for buyers to obtain a home loan.

Equity creation: Over time you build up equity in a valuable asset and, as you continue to pay off your home loan, the amount you owe reduces and the value of your asset appreciates.

Creative licence: If you want to renovate, it’s your prerogative. It’s easier to adapt your own home to your current needs and, as those needs change, so can your home.

Share.

About Author