One of human basic need is home. Fo sure home ownership is the cornerstone of everyone dream. However before we start buying house, there are several things we need to consider :
1) Basically, we have to compare the needs of buying home with our financial capability. Buying a cheap house will not promise a great benefit. Its all depend to our lifestyle. For somebody, they tend to live in harmony area like a home at beach area. So the price of house will not be an indicator for buying a house alone but its also involving our emotion.
2)Secondly, home is a good investment for property fan. Buying home for real estate investment, is a good way to get high profit especially in long term. However, there are fluctuate situation that will make the price of housing at high and low. Even if housing prices don't continue to increas, buying home can be a good financial investment too. Its because the mortgage payments will forces everybody to save. And after 15-30 years, you will own a good substantial asset that can be converted into cash.
More info at here Buying Your First Home
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