Reasons to buy a home and reasons to wait

Buying a house is always one of the most important decisions in a person's life. Today this decision has become a dilemma for the buyer, having multiple variables for and against. While the real estate market shows all the advantages of taking this step, the economic and employment situation is holding back potential demand, calling into question whether buying a home is a good option at this time.

Although in recent years this idea has been questioned, owning your own home generates many psychological and financial benefits, however, you should take into account your ability to cover the costs of owning your own home before investing in it.

Here are some of the benefits of owning your own home:

1. Security

Buying your own home will give you a sense of accomplishment by making you feel that you have achieved one of your most desired personal and financial goals, and that will contribute to a better quality of life for you and your family.

Knowing that you have a roof over your head and a place to call your own gives you a sense of security and safety.

2. Stability

When you buy your own home, you don't have to move year after year, either because you didn't adapt to the rented place or because your landlord needs the space. When you own your home, you and your family's stability improves 100% and it saves you money and time.

3. Investment

In the long term, real estate remains a safe investment and appreciates in value year after year.

4. Your own space

When the house belongs to you, you can remodel it and adapt it to your tastes and needs, you can plan for the future and go step by step making the house of your dreams, it will be of great motivation to get to a place that meets all your expectations.

5. Independence

You can make your own decisions and eliminate hassles with landlords. Many landlords are used to inspecting the homes they rent out, sometimes creating uncomfortable situations for the residents.

Ownership also means you can paint the interior walls the colour you like, you can keep pets, and you can even change the carpets and put in that wood floor you like so much.

And if the housing market gives reasons to buy, there are also objective reasons against it. Mainly based on the economic and employment situation. The high cost of credit and uncertain stability are other factors that encourage people to wait.

1. Job instability:

The fear of losing one's job is the main obstacle to house purchase. Although job destruction seems to have stopped, few are
Despite the fact that job destruction seems to have stopped, few people are fully confident that they will not lose their job.

2. Very attractive rents:

Affordable rents and a huge offer to choose from, takes its toll on the idea of buying. "Currently, renting is a reasonable alternative to buying.

If, given this panorama, you find that the positive aspects in your favour have more weight in the decision to buy a home, don't think twice and make up your mind, as in addition to having access to a living space, owning your own home will give you peace of mind as part of your assets, and will avoid difficulties related to the payment of rent and the restrictions that tenants have in terms of construction, remodelling and the layout of the property. If your working capacity decreases over time, you will have the security of a place of your own as a base for the development of your family.