Many parents prefer to buy a house, so they're able to grow a family. However, this idea is recently fading away, because of its major disadvantages. Although, there are certain drawbacks, should it be considered as a beneficial plan?
In the past 2 decades, many families take out outrageous loans to able to buy homes. On the contrary, there are some crucial advantages. All homes give the family better space and quietness for them, which allows them to live peacefully and let the children play and make noises without being disturbed by neighbors. Furthermore, some homes have large backyards that give the kid freedom to do anything. It also lets the parents to spend money to improve the home without consequences such as penalties or fines. Yet, the houses allow the families to familiarize the place and get to love it, and parents must work persistently to afford the mortgage payments on time. When saving for specific payments, it restricts you from spending money on other goods. In my opinion, until both parents aren’t applicable to purchase a home they must have patience and save willingly until the right moment to buy. It’s estimated that 60% of parents that purchase homes have a shortage of money for retirement
Nowadays, people have figured out renting a home is much more idealistic. Giving parents chances to both save and build up credit score. In addition, they permit families to spend on other expenses such as TV, house equipment, or baby equipment. It also allows the home-owner to find other homes if rented house does not meet their standards.
To conclude, there are many particular reasons to buy a home, though careful planning is key to surviving. If they wish to economically survive they must be financially literate and know what to do with money.
Many
parents
prefer to
buy
a
house
,
so
they're able to grow a
family
.
However
, this
idea
is recently fading away,
because
of its major disadvantages. Although, there are certain drawbacks, should it
be considered
as a beneficial plan?
In the past 2 decades,
many
families
take out outrageous loans
to able
to
buy
homes
.
On the contrary
, there are
some
crucial advantages. All
homes
give the
family
better space and quietness for them, which
allows
them to
live
peacefully
and
let
the children play and
make
noises without
being disturbed
by neighbors.
Furthermore
,
some
homes
have large backyards that give the kid freedom to do anything. It
also
lets
the
parents
to spend
money
to
improve
the home without consequences such as penalties or fines.
Yet
, the
houses
allow
the
families
to familiarize the place and
get
to
love
it, and
parents
must
work
persistently
to afford the mortgage payments on time. When saving for specific payments, it restricts you from spending
money
on other
goods
. In my opinion, until both
parents
aren’t applicable to
purchase
a home they
must
have patience and save
willingly
until the right moment to
buy
. It’s estimated that 60% of
parents
that
purchase
homes
have a shortage of
money
for retirement
Nowadays,
people
have figured out renting a home is much more idealistic. Giving
parents
chances to both save and build up credit score.
In addition
, they permit
families
to spend on other expenses such as TV,
house
equipment, or baby equipment. It
also
allows
the home-owner to find other
homes
if rented
house
does not
meet
their standards.
To conclude
, there are
many
particular reasons to
buy
a home, though careful planning is key to surviving. If they wish to
economically
survive they
must
be
financially
literate and know what to do with
money
.