If you are a young family just starting off, then this is the beginning of something quite exciting, but also a little stressful as well. Taking care of the family is a full-time job and so you always need some kind of security with regards to your accommodation. Many people rent their property from a landlord when they are just beginning their new life, but this should only be a short-term option and they should be trying to get themselves onto the property ladder whenever they can afford it. People worry about the long-term commitment that comes with 30-year mortgage and they worry that they won’t be able to make the payments every month. This is a natural fear, but there has never been a better time to buy a property due to the extremely reasonably low interest rates.
If you’re currently in the market for a new home, then there are many properties going up everywhere and you can find a One-storey house in a new project in Chonburi (called บ้านชั้นเดียวชลบุรีโครงการใหม่ in Thai) right now, and they are currently taking orders and receiving deposits. You might be a little nervous about making a commitment as big as this and it’s probably going to be the single biggest purchase that you will make in your life, but don’t let the fear of the unknown put you off. There are many great reasons why you should invest in a property now and the following are just some of them.
- You get financial security – It’s not like you are throwing money away like you would be, if you continued to pay your landlord monthly rent. When you’re making your mortgage payments, you are adding to your financial security because at the end of it all, you will own the property and that will provide you with the financial security that every family needs. Once a mortgage is paid in full, think of the money that you will save every month from that point onwards. It’s going to allow you to live a more frugal lifestyle and if you decide to downsize later in your retirement years, then you can make a sizeable profit on your investment.
- You are providing for your children – Every parent wants to do their best for the children and they want them to get the best possible start in life and that includes some financial assistance as well. The wonderful thing about owning your own property is that you can leave it to your kids when you leave this world and this can give them a financial leg up in this very competitive world. Your property should continue to rise in value over the next 30 to 35 years and it will provide your children with financial security.
It’s time that you started making plans to get yourself onto the property ladder and out of the rental market. You need to start investing in your future today, for your sake and that of your loved ones.