A lot of people choose to rent a house rather than own one, thinking that renting will save them from the financial obligations that are required from home owners.
However, there is no substitute to having a place you can proudly call your own. Owning a home can make you feel more fulfilled, and it can actually be a more affordable choice compared to renting.
All the amount you will spend for a home will all be worth it. It is because having your own home definitely gives you a great deal of personal satisfaction, knowing that you’ve successfully provided a good place for your family to live.
Owning a home Vs Renting One
Here are some of the advantages of owning a home compared to renting:
You can settle in a community for a long time. You can keep in touch with your neighbors and participate in activities geared towards the development of your community, which you cannot do when you only rent since leases eventually expire. In addition, having a stable community can also help your children with their social needs.
Security of tenure. Nobody can kick you out of your house when you own it, which is normally the case for those who are just renting. Your home can give you the accommodation you need whenever you want. Renting can only give you a limited stay that depends on the contract.
Owning a home gives you the opportunity to earn profit from your investment. The improvements that you make in your home may increase your property’s value, so by the time you no longer want to live in the house, you can sell it or have it leased for your additional income. While when you rent, the landlord can sell the property you are renting, giving you no choice but to move out.
You can have your own house rules. You can do whatever you want in your house, and you even have the freedom to create a new environment. You can also decorate it as you please without having a landlord strictly controlling the home’s surroundings.
Since you can only enjoy all these benefits when you own a home, you should consider having one now.
The Best Place To Settle Down
The City of Golden Friendship, Cagayan de Oro is one of the cities that meets the criteria of being livable, for it offers safety, convenience, livelihood, better lifestyle, and sustainability to its people, making it the best place to settle down with your family.
One of the residential areas you can check out in this booming city is Xavier Estates. It is a high end residential subdivision that is owned and developed by A Brown Company, the best provider of excellent properties in Cagayan de Oro. They offer high quality houses that can be perfect for you.