Why would you rent if you can afford to own your home?

I found so much housing journalism about buy or rent, rent vs buy and conflicting information about to own a home. The Home Owner’s Blog gives you practical assistance to make an educated decision whether to buy a home or to wait until the time is right.

People have to find a home to live in as they have to eat every day, right? Can you stop eating until you are happy with the food prices? Owning a home is similar. Can you wait until the property prices or the interest rates come down? Note this - statistically more homeowners are successful getting wealthy than people who only rent because they are forced to financial discipline when paying off a mortgage. Home ownership is an excellent path using time and money wisely to manage a comfortable lifestyle.

Klauster’s articles are based on lifetime long experiences about home ownership, renting and property investments. For getting access to all articles visit the Blog Register. If you want to be notified for new article releases, please email us here.

Home Owner’s Blog

Buy or Rent— the decision in some stage of life

The home owner’s blog provides vital information to help you in your decision making process if you want to raise a family in home ownership. People’s views and priorities differ as home owner, renter or investor. Don’t get caught in the media twist of getting rich with properties. As renter you lose on long term because rents increase over time driven by inflation. As home owner you have to show commitment and at some stage to manage financial burdens. Over time a paid off mortgage reduces your housing costs to a minimum. For helping you to draw your own picture either way follow this blog or in contrast visit the Tenant’s Blog.

When thinking about home ownership you need to know about types of home ownership titles, home loans and finance, how to find your dream home, how to add value to your property and maintenance to keep your home up to standard. When buying the first question is — what type of property are you looking for:

· A home for your family (property owner occupied),

· A home and income (family home including an rental unit attached), or

· An investment property (a rental home for somebody)

The home owner’s blog looks at the situation with the eyes of an owner occupier. Investor’s, landlord’s or tenant’s aspects are excluded. I look at these aspects separately in related articles to be found when visiting the blog register. If I can help you to make an educated and money wise decision when buying a home for yourself that would give me the feeling having accomplished something together. Owning a home is an achievement that traditionally secures a family and provides a great sense of community.

I read somewhere

No one ever got rich renting for life

There is still for many people the dream of retiring in luxury on the 'equity' built up in home ownership. That gets harder because of the increasing gap between income and price.

Yes—it is possible if you start early in life.

Let me tell you this— nobody can stop you taking the inflation as advantage for cumulating capital gain and use the owned property for creating tax free income. For instance we get paid by using solar energy in our house and producing fruits & vegetables in our garden. That is still tax free.

Upgrading your home for warm, comfortable and healthy living offers not only health benefits for the family, it also is savings on doctor bills and loss of income. Think about all the little features you’ll miss in a rental home, making your life in your own home much better, if you do that today and every day.

And wait, there is something more to consider. If you are in business you know that already — owning a property gives you “Borrowing power” for backing up your existence, securing your business, your family or your life (for instance you need an urgent operation). Follow this blog for reading more.

Your feedback is much appreciated.

Klauster