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Five Things To Remember About Owning Your Own Home.

April 12, 2017 by  
Filed under Business, Money, Opinion, Weekly Columns

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(ThySistas.comOwning your own home is probably the biggest step into adulthood that you can take. It’s a huge decision that shouldn’t be made lightly, as it has huge financial ramifications and can tie you down to one area for a long time. Here are a few things that you must consider before you make the leap and buy your own home…

You Have More Independence

First of all, you have more independence within your own home. Not only can you decorate it exactly how you want to, but you can also make huge changes like knocking down walls and adding extensions to your home. Not only that, but owning your own place will give you feelings of huge independence – you aren’t answering to anyone except your bank, you can keep your home in whatever condition you like (hopefully clean and tidy!) and you’ve made a big financial commitment that has absolutely catapulted you head first into adulthood.

You Have More Responsibility

Owning your own home is great but it also comes with a huge amount of responsibility – check out if you aren’t totally sure whether you’re ready for that responsibility yet. You need to pay your own bills, whereas bills might have been included in your rent in previous properties you lived in, and if anything breaks then it’s your responsibility to get it fixed, and to pay for it getting fixed. That means that you need to start taking more responsibility for the four walls in which you live.

You Have More Creativity

If you love creativity and home decor then owning your own home gives you the chance to run wild and do absolutely anything you want. If you rent a condo or an apartment, then you probably aren’t allowed to paint the walls or hang up anything using nails in case you don’t get your deposit back, but if you own your own place then you can do whatever you want with the space, leaving you free to experiment and do anything you like.

You Have More Ties

If you buy your own place, then let’s face it – you’re tied down to that property for a long time. It’s a lot harder to pick up and move if you own your own property, whereas if you rent then you can usually give a couple of months’ notice before you can pack up and move on. It’s a good idea to buy a property when you’re fully settled in an area and certain that you want to spend a long time there.

You Have More Stability

Finally, owning your own home means that you have a huge amount of stability. If you’re renting a home, let’s face it – your landlord has all the power, which means that you might have to move out before you’re ready, or you might not have as much control over the property as you might like. If you like the idea of hunkering down in your own place for the foreseeable future and truly making it your own, then buying a property instead of renting is absolutely for you.

Staff Writer; Sherry Moore

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