There are many benefits of owning a home than renting. However, the decision on whether to stay in a property is a personal one and should be made only after considering all aspects of your family’s needs. The first and most obvious reason to buy a house is safety. Statistics show that there is a definite increase in the number of accidents where a family is either staying in a rented accommodation or residing in a house where they have been living for longer than three months.
This is because of the possibility of robbery by strangers who are often looking for a quick way to make some money. This is especially true if you don’t maintain the property well. Your house will become the target for burglars when there is no adequate security measures in place. Another reason why this is such a problem is that homes in areas where there is poor social housing are prone to crime. The lack of social housing and poor local infrastructure contribute to the rise in crime levels, so it goes without saying that investing in a property that you can rent out when you are not using it is the best way to provide security for your family.
Another benefit of staying in a landed property is that the cost of living is generally lower. You will save money on transport, food, water and fuel as compared to going for an apartment. Renting an apartment will always involve paying monthly rental fees that will take a heavy burden off your monthly budget. A property on the ground allows you to save a lot of money on rent every month.
There are other reasons why staying in a house rather than renting is healthy for your family. When you own a property, you will have ownership of it and no one can force you to leave it. Therefore, your home will act as a sanctuary for you and your family from all the environmental hazards and uncertainties. It also provides you with a sense of pride and security. For instance, your children will be safe from intruders as your land will be their fortress.
There are other benefits of owning a house than just being able to stay in a home. One of the most obvious ones is freedom. Freedom to roam around on the property is one of the most important reasons to own property. When you are staying in a landed property, you do not have to worry about someone stealing your wallet or purse as there is always a locked door. When you are always in a secured property, you are less likely to be a victim of burglary or any other crime.
Property is also a form of security. When you are owning a landed property, you have a feeling of security that your family will be safe at home. You know that if you are away, someone is taking care of your kids or your plants at home. With a home security system, you do not have to worry about anything at home even if you are not there. This security system is very helpful especially for families with small children. Children can be very innocent but accidents can happen anywhere, anytime.
Home ownership also allows you to save money. Aside from not having to rent a place when you want to live in your own property, you also get to save a lot of money on utilities. For instance, when you own your own house, your utilities are covered as an owner of a property. There is no more worrying about whether you have the right amount to pay for your electric bill. In addition to this, if you want to enjoy a swimming pool, you can just have the swimming pool installed at your property.
Another reason why staying in a landed property is healthy for your family is that you can have your own privacy. If you are living in a rented apartment or a hotel, you will have to share the space with other people, especially if you have children. However, you can have your own room and privacy at home. Also, living in a property also gives you the freedom to build up your own home business or add on to your income by doing home repairs.