Reasons Why You Would Buy A Residential Property

by Cecile Cinco

There are several reasons why you would buy a property, especially a residential one. In fact, more and more aspire to own a house more than anything else. It’s either you rent one or you own one.

Having your own house is no longer just a status symbol. It is the practical way to go. The government even helps employees even with minimum income to be able to own a house. Since you get nothing in return when you rent except the receipts, when you buy, even in installment basis, in the long run you know that the property is yours. Besides, the amount you will be paying does not rise as the rental fees do.

What are the reasons you would buy?

- still renting
- living with parents, in-laws or friends
- for investment
- gift for parents/siblings
- getting married
- for rental business like transcients or bedspacing
- for vacation

What is your reason?

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