January is the time of year that many people look at their lives and make plans for the year ahead. If you are thinking about your housing needs, we attach 6 reasons to buy a home;
Historically, residential property has had a long-term, growth in value. In fact, homes in Ireland have increased in value by an average of in excess of 7% p.a. since the early 1970s. The recent housing crisis has caused some to question the long-term value of housing, but even in the most recent 10 years, which included the worst recession ever in Ireland, housing, values are now back to near their peak. With employment continuing to grow, the old axiom “where there is jobs, people need houses” is very true.
Money paid for rent is money that you’ll never ever see again, but as mortgage repayments are part capital, part interest, it lets you build equity in your home.
Building equity in your home is a ready-made savings plan. And when you sell, your gain is tax free. This is very handy, if you are looking to trade-up, as without the capital saved from a first home, very few people could afford a “family home”.
Unlike rent, you can fix your mortgage repayments for up to 10 years, so that your payments don’t rise over the years.
The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to you and your lifestyle.
Remaining in one location for a couple of years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.
Call us in Global Properties now, and we will help you to move on with your plans. At Global properties we sell property fast, efficiently and hassle free.