Today i would like to write in detail about buying and renting benefit and vice versa. As many people over the world, owning a home is everyone dream. Every family need a home as a place for rest for life.
Buying is a biggest thing to consider. Especially for those who are not really financially stability. Meaning here, they have fixed income from their jobs but they also got many debt around them. Buying a home still need a lot of money even everyone can make a loan. The cost of buying is not happen at the purchasing time, but it will involve several process that need additional money to be done such as lawyer and agreement fees. This is few things to be considered before buying a home. After buying process had been done, the next challenge is cost of home maintenance. Its also have to be counted for avoiding big turbulent later.
Alternatively, owning a flat or house through auction can be help somebody to get his house without spending too much money. However, it still need a lot of process to learn before jumping into auction properties.
As a house ownership, there a lot of responsibility to be taken during owning that assets. Even they will be benefiting through tax write-off, but they still need to be bear with the maintenance ,property taxes , insurance and etc.
Part 2 will discuss more about Renting..to be continued
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