Acquiring a property is definitely an option and a dream for everyone.
- The Rental amount may increase at any time.
- No ownership and less responsibility
- You have no capitalization. Money disappears
- You need to get approval from landlord for any changes
- You can save money on maintenance costs, share the rent, electricity and other bills with anyone you want.
- Rental is temporary and subject to 30days notice
- Freedom to make any changes without any prior approval
- Entails real property taxes that have to be paid annually based on the assessed value of your property.
- Amortization payment are fixed
- Best investment you can make as it benefits your security and equity.
- Your houses is your home. It will not be a temporary living situation.
- Reselling is not easy considering the location.
- Money Capitalized on property is like a savings account with high interest rate. Value of property increases.
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