Financial Constrains of Owning a House

[nomad]

One reason why I haven't tried to buy a house is because owning a house means you have to spend a lot of money to keep it in good shape, you not only pay taxes but also have to pay a lot of money for maintenance. If you bought a house through a loan you will have to continue to pay the loan for 10-20 years. Even when you bought from a loan, you will have to make 20-30 percent down payment and it could be a lot.

 

[Stardom22]

The business that deals with the owning of the real estates and properties needs one to have loads of money. The cost of land and the building materials is very high for a low to middle income earners to afford.

 

[fcbetting]

Biggest constraint is keeping roof ok. You don't have often work on it but when you do it, than it will cost you a lot. Also from time to time, home should be painted. It keeps rooms freshed and remove many bacteria.

 

[Ratine]

I think that the most sad thing with the venture for the owning a house and the real estate investment on properties requires the person in spring î the venture to be well off.

 

[fcbetting]

Next stuff in financial constraint is keeping yard clean. If you have grass or thress you must mow the grass and collect leaves. Collect leaves is not problem. Bucket is enough. But for mow grass you need lawnmower. That means fuel, service.

 

[Stardom22]

I would however relate the owning of houses and other properties to the whole real estate and property management for that matter. This venture may be capital intensive but of higher rewards at the tunnel.

 

[Starmix]

I'm fortunate, I own a house and lot bought in cash 12 years ago. It's worth 1.8 million. It's the total sale from my Bagrass Eucalyptus trees investment. I planted those 2 300 trees 13 years ago. It's good to have an investment.

 

[freelancermaria]

I do not own a house yet because I can't afford one. Most of my money goes towards supporting my parents financially.

 

[Stardom22]

Those kinds of projects requires one to have a lot of money. The owning of property like house really needs a lot of money.

 

[Ratine]

The owning of the house can be so stressful especially when it needs the renovation that requires a lot of money.

 

[Shavkat]

I do think that maintenance is one of the reasons why it is not easy to have a house. However, it is better to have it than nothing to live in.

 

[bestwriter]

Everything fell in place for us when we built my dream home Solitaire. We took a short term loan and repaid it after we sold our flat. We had enough savings too

 

[Starmix]

If you can afford to buy a house, then buy if not then suffer renting.All you have to do is to save more and estimate the cost of the materials or buy in a house and lot .