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Discover Why Buying a House is the Best Decision You Will Ever Make
Fri 26 Sep 2008 - 09:48
Discover Why Buying a House is the Best Decision You Will Ever Make
By [http://ezinearticles.com/?expert=Faizan_Khuro]Faizan Khuro
It is the dream of every individual to buy a house. A house is not just a place where you store your things and live, it is a place where you spend a great amount of time and it is a place which is synonymous with words like comfort, safety, warmth etc. Living in rented houses means you are living in someone else's home and paying them money for it. It is better to buy a house taking a loan at least. You can repay the loan installments and the amount will be something you can handle easily.
Why to buy a house?
- To buy a house is to get you an asset.
- Asset value increases as days go by therefore it is an investment.
Ways to buy a house: -
1. You can buy a house out of the savings you have. This sort of an outright purchase will work out to be the most economical but to have so much money in your bank account will require regular and proper savings planning.
2. You can get a loan from someone you know from your bank and then buy a house.
Buying a house is not a very big deal these days as the government is coming up with various schemes and has also reduced the interest rates of home loans so that people can buy a house wherever and whenever they want. Ensuring that you make all your payments on time and that you have never default your bank increases your chances of getting a home loan. Once the loan is granted you must ensure that you pay your EMI or monthly installments on time.
A house is something you don't buy very often and so a lot of care and thought must be applied before you purchase the house.
Important things to remember before you buy a house:
1. Check the entire house properly. There shouldn't be too many cracks and creaks incase it is a second hand home.
2. Always ensure that the home is something you like and has enough number of bedrooms that you require.
3. Keep an eye on the neighborhood and try and meet the neighbors once. This will help you in many ways. They will be able to give you first hand information about the locality; its advantages and disadvantages. You will be able to see them and will know if you can live next to them or no.
4. Check out if there is ample water and other basic facilities available there.
5. Run a complete background check on the property as sometimes fraudulent brokers tend to sell the same house to many people.
6. Take the stamp papers of the house to your lawyer and let him have a look and confirm that all is well.
7. Buying a home is not a decision to be made in a minute and so take your time look at every aspect of the house. If you believe in Feng Shui or Vaastu Shastra you can get an expert to come over and have a look at the property before buying it.
Benefits on buying a house: -
1. You have a place of your own.
2. It is an investment as the prices of real estate is always on the rise.
3. Saves taxes and your hard earned money.
4. You can give it out on rent and make some extra money from it.
5. It is something that you can pass on to your kids.
Buy a house as soon as you can and enjoy its benefits!
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Article Source: http://EzineArticles.com/?expert=Faizan_Khuro http://EzineArticles.com/?Discover-Why-Buying-a-House-is-the-Best-Decision-You-Will-Ever-Make&id=1503865
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