In the course of our work in the industry, we have seen and recognized some factors that in one way or another make a person think that buying a property is not a possible alternative among their options. In most cases, once we interviewed the candidate, we realized that the person could buy, they just needed to know their possibilities.
Choosing to own your home or rent it is a decision that if you evaluate it in the long and short term, the common denominator of why not to do it in most cases, is fear of receiving a NO as an answer, it is NOT your moment, does NOT qualify, will NOT be able to pay it, NO, NO, NO...
Today we want to talk to you about options, we want to address you with possibilities, with opportunities, with alternatives. In addition to talking about the advantages of owning your own home, we want you to be given the opportunity to decide together whether it is viable to own your home or to limit yourself to living by investing in the future of a third party and not in his.
When we evaluate our future, one of the most important questions we ask ourselves is whether we should rent or buy a property. Before we answer that question, let us share with you the following points:
1. When you rent, you invest your money in the future of a third party, since when you issue the lease payment you pay the mortgage on the landlord's property. Nevertheless, by owning it, you would pay the mortgage on your property, and by doing so you invest your money in your capital.
2. By paying a monthly rent, you have already been programmed to issue the corresponding payment to the place where you live every month; so why not take advantage of the financing offers on the market where your mortgage loan payment is likely to be less than or equal to your rent payment?
3. Being the owner, you can invest in your property through improvements, extensions or whatever you want and make you feel comfortable.
4. If there is and qualify for any incentive or assistance program for the purchase of your property, you can benefit from it.
5. As you begin to make monthly mortgage payments, the equity in the property will increase.
6. Your investment is long and short term for you and your family.
7. The interest you pay on your mortgage is deductible from your income tax return.
8. You have control over your property and do not live with the insecurity that one day the landlord will knock on your door and tell you that you must leave.