To Buy or Not to Buy?

All people decide themselves, and although some people decide that they want more freedom and flexibility so they can change jobs and countries without the need to worry about their house, but for many having stability of the own home and the roof above the head in later years in life is the goal, which is worth to consider.

If you have your home

• When you pay the rent the money goes to the pockets of landlords, and it’s lost for you forever.
• Why to pay someone in crease their wealth instead of paying toward the mortgage and increase  your own assets?
• In many areas in the UK people can pay less in monthly mortgage payments when monthly rent for a similar property
• In your own house you have much more freedom to adjust your house to your own needs, you can decorate as you like, you can look after you home much better.
• Your home is your castle and nobody can enter it without your permission, landlords can come almost any time, and often it happens at very inconvenient moments when you are busy with something else.
• House prices can go down, but your rent only goes up, leaving less in your own pocket.
• Historically house prices double about every 10 years, and even quicker in some locations, and properties are the most consistent way to build your wealth.   if you pay the rent, it means that someone else’s assets grow.
• You can do improvements of your house and the value of the house  can increase considerably more than the money you have spent.
• When you pay off the mortgage, your monthly living costs will be considerably reduced, no rent, no mortgage, which is especially good at older age when your earning will most likely go down.
• This is your legacy, you can pass the property to your children or grandchildren when you die, your asset will stay in the family, there is nothing to pass if you are renting.
• You can use the increased equity in your house for something else even if you continue living in the house.