It is every person’s dream to own their own home, where they don’t have to live with the rules of landlords and housing agents. This is however, a dream that isn’t attained by many since many people either consider that a home is too expensive for them to buy, or they don’t know the due process to take in order to own a home. Owning a home comes with numerous advantages, and especially for people that have families. This is the place where you would like to raise your family, and that means that you would want to build or buy the house in a place that is conducive to that. You need to take things such as social amenities, schools, your workplace, and such things into consideration when buying a home. In this article, we are going to look at the major advantages to owning a home.
People that own homes have the advantage of deducting mortgage interest and property taxes from their annual income taxes, and the beauty of it is that most of that money paid on the mortgage goes to the interest.
The price of properties is always appreciating even if it is by a very small percentage rate per year. The good thing is that if they own the property over a long time, the value will go quite high.
The costs of housing and rents often go higher than the rate of inflation even though the Federal Reserve tries to keep them artificially low. This means that in the future, it gets more expensive to purchase homes due to the inflation. This is the reason why investors are busy buying homes, they will buffer them during the inflation.
35% of the FICO score is based on the credit history on debts. Making the mortgage payments on time and reducing mortgage loan balances means that your FICO loan could go up. Late payments could bring your FICO down.
Still on the topic of owning a home, we are now going to feature Lakeside Residences, a new multi-phase high-rise residential development project. Some of the projects that they have include the Lakeside Condos, a new multi-phase high-rise residential development project that is still in the pre-construction stage, located on a 3.8-acre piece of land in Toronto’s East Bayfront area. It features three towers in the first phase, with a total of eight buildings with two striking towers when completed. It is expected to be completed and ready for occupancy in 2020. Currently there is no final tally as to how many suites the whole development project will have, nor amount of commercial or public space info is still available. The developer of the project is Greenland Group, the architect Hariri Pontarini Architects. The building types are condo and retail.
Owning your own home is a good thing anytime, since it comes with numerous advantages, as compared to disadvantages. Homes such as the lakeside Residences can be purchased way in advance even before they are completed, and at a better price than when complete.…Read More
Life and raising kids is not cheap. Every parent wants what is best for their children. It is each and every parent’s dream to be able to give their children a proper education and to give their kids something to fall back on so they can be as successful as possible in life. With modern living expense a full time job is hardly enough to secure your retirement, let alone your children’s upraising which is why more and more parents are starting to look for alternative investment types and side line jobs to help them just a little bit. Property investment is one of the best investment types that you need to start considering right now if you want to live a freer and more secure life.
One of the biggest reasons why every parent should consider property investment is the fact that property is an asset that can one day benefit their children. Your kids can either live in the property or earn some good steady cash by renting the property out or by perhaps turning the small investments into a fully functioning real estate business.
Property investments can earn you a good and steady income once your mortgages are paid off so you can enjoy traveling or simply live a comfortable and worry free life. You can also use your property as a retirement home so you can be more comfortable one day.
There isn’t that much work involved in property. You can get a real estate agent to take care of your property and tenants for you and even when you prefer to do all the management yourself the work isn’t that tedious because once you have long term tenants you only have to do maintenance to ensure that the property is taken good care off.
If you are successful in your investments and have a good long term strategy in place you could perhaps one day go into real estate full term and have more time available for your children or for travelling since property investments mostly takes care of itself.
Mortgages and buying property is serious business and there are some serious risks that you need to consider before you take on this big challenge. Buying property that is overpriced or in the wrong location could be disastrous to you if you find it hard to get tenants and you need to investigate apartments and homes properly to ensure that there are no hidden costs that will later corrupt your investments. One of the easiest ways to learn how to overcome all of the risks involved in property is to attend property investment seminars in Perth. These seminars hosted by Ironfish are terrific for helping you get started on buying your first property and for helping you make long term arrangements so you can enjoy more financial freedom one day.…Read More