Decisions, decisions: Owning your own home vs renting

Decisions, decisions: Owning your own home vs renting

Top 5 Reasons To Build Your Own Home

  1. Something to call your own
Owning your own brand, spanking new home (on your own little part of Australia!) gives you the freedom to make it yours and to be proud to show it off to family and friends. One of the most exciting things about building your own home is having a blank canvas to add your own design flair. No more worrying about hanging a picture on the wall or wishing you could retile that ugly bathroom floor.
 
  1. Landlord free!
Say goodbye to annoying rent inspections, forking out hefty bond payments or asking approval to have a pet. Owning your own home means you are in charge of your property.
  1. Stability
Owning your own home offers a sense of security. Not only does it remove the worry that you could be asked to leave if the owner decides to sell, or if your rental agreement expires, owning a home is an investment into your future. You can retire knowing you don’t have to worry about working to make rent.
It also offers stability for families. If you have children at school in the area you can be confident you can stay in the locale and be a part of the local community.
  1. Build your wealth
Being a homeowner is an investment into your future rather than your landlords by paying their mortgage! Owning a home enables capital growth – the increase in your home’s value and the balance owing on your mortgage.
  1. Forced savings
Having a mortgage is akin in some ways to forced savings. The discipline of meeting your weekly, fortnightly or monthly mortgage repayments sees your hard earned money going towards your future rather than a retail shopping splurge or impromptu night out!
If you are interested in finding out more about how you can build your own home in 2019, contact us on 1300 108 763.