The Best Real Estate Investment You Can Make: Own Your Own Home
- Date: 2007-06-05 - Word Count: 368
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In America the single largest investment most of us will ever make is the purchase of our home. For many of us our home is our number one asset and is a strong appreciating asset. When you decide that you are ready to make that step into home ownership, you should be happy to know that it is likely one of the most sensible investment decisions you are going to make in your life.
A common question many home buyers have is should they buy a home now with little or no money down, or should they wait and save up until they can afford what they want. The general answer is that it is always better to purchase a home sooner than later. because rent is money down the drain. Also the sooner the better because once you purchase your own home you will start to see the potential tax benefits, as well as begin to build your home's equity. You can locate many different first time home buyer loan programs which often require little or no money down to be approved for a loan.
Another reason that sooner is better than later when it comes to purchasing your own home is because if you aren't very good at saving up your money so far, chances are likely that you will continue to have money saving issues. Saving money is something that you have to go out of our way to do, and it takes practice and repetition to get in to the mode where you want to save all of your extra cash.
The best financial decision you can make when it comes to home ownership is to get in as soon as you can, with a home and loan that are suitable for you. You can even start off with a small home and property, but anything is better than wasting your money on rent and basically paying your landlord's mortgage.
Written by Will Smithston. Get yourselves involved in the discussion of money making through long term wealth building methods like stocks, mutual funds, real estates and other income generating assets. We, at www.teamwealthbuilder.com offers a safe and reliable platform for money making discussions.
Related Tags: real estate investment, home ownership
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