If you’ve been thinking about buying a home, here are ten of the best reasons to take action and get into the market now:
1 Property tends to increase in value over time. Real estate is not a short term investment, it moves in cycles. If history is any guide, the current market will recover and rise above the previous high point. For this reason, buying a home is a smart investment.
2 Property is easy to sell if you need access to your money. There is always someone who wants to buy your house, it’s just gets down to a question of price.
3 Owning property builds your wealth safely. Bricks and mortar investments are very safe. The nature of property makes it less risky than most other investments.
4 Property owners have more freedom with their home. If you want to paint your walls in your favourite team colours, you can do that. If you want to have lots of pets, you can do that too. You can personalise it with your creative touch. A home keeps you busy!
5 There are tax advantages to owning property. In most cases, capital gain is tax free for your own home and if you own an investment property, you can offset your losses against your income.
6 Banks and financial institutions like to lend money to property owners, they are a safe bet. You can use your property as security to borrow more money if you need it.
7 Interest rates are at an all time low. This means your repayments will be affordable.
8 There is a sense of security knowing that you own the home you are living in. You do not have a landlord breathing down your neck wanting their rent or kicking you out so they can sell it or move in themselves.
9 Owning your own home provides a sanctuary for your family and friends, where you can build relationships and create life long memories.
10 Owning a home makes you feel good. You have pride in your home and a feeling of security knowing that you own a little slice of Australia. Nothing beats the feeling of home ownership.
Chris Hopkins is Principal & Licensee at Raine & Horne Hornsby. He has over 20 years of experience and a long history of success in sales and sales management. Chris has been a sales trainer to major franchise networks and now runs a dynamic team serving the local community.