why you need to own a home

why you need to own a home

Posted on: 19 Aug, 2022

WHY YOU NEED TO OWN A HOME.

shelter is one of man’s top most and indispensible needs. It can be categorically stated that to have a roof over one’s head is a great achievement. While it may sometimes seem challenging, the many benefits that come with owning your own home make it all worthwhile.

In as much as renting may seem like the best and convenient option, buying your own home is a long term  investment.

Amongst other reasons, you should own your own home because;

 You Will Have Living Security And Stability.

While renting, your family's stability is based on the decisions of a landlord, who may suddenly decide they no longer want to rent their property out. Moving house can be expensive, inconvenient, destabilizing and  pretty emotional, especially if you have to move unexpectedly. When you own your own home, you can sleep sound in the knowledge that you call the shots. That's priceless.

You Can Create And Recreate Your Dream Home

Landlords aren’t usually happy for tenants to renovate their property, even if you think you'd be improving it. When you own your own home, you have complete creative freedom. You can decide to completely renovate the house to suit your taste and preference. Home improvements generally increase the equity of a property as you have the advantage of earning more from the increased market value of your home if peradventure, you decide to sell it off later. 

 You Have More Control Over Costs

When you’re renting, your landlord can decide to increase your rent, leaving you with little choice but to accept it or get hit with moving costs. While home ownership comes with more controlled cost that borders around maintenance or renovations.

You Will Have A Long Term Investment.

One of the perks of owning a home is that it doubles both as shelter and an investment with potentials of its market value increasing. This means that as a home owner who may decide to sell off later, you are on the advantaged side of making more gains because of its appreciating nature.