What are the Benefits of Buying Your Home?
Then why do most of us want to go through the trouble? Just because they know that all the headaches and hassles are outweighed by the number of benefits of buying a home. If you need some inspiration to make sure you are taking advantage of all the benefits homeownership offers.
Price AppreciationOwning a house certainly means that you have a valuable asset and it also offers you financial stability. By purchasing a home, you are going to have an asset for life as it will appreciate in value over time. A 10,000,000 home today should see an increase in value to 15,000,000, 20,000,000, or more—depending on how long you plan to live there and market conditions. This makes your home one of the best investments you can make in your life, as it is also a way to establish a financial foundation of future generations.
Freedom to Make ChangesWhat, being a tenant you have not thought, "I would really love to paint this wall, alter this cabinet or even knock down that particular section", to do whatever you want to do. But of course, you cannot do that – at least not without the landlord' s permission. And if you are going to do modifications in your rental home, it is either the next tenant or the landlord who will get benefit.
On the other hand, you do not need permission to make changes in your own home because there you can do whatever you want to do. You can paint any room, replace any cabinet or make any changes you want.