13 Sep Rent increase? Now is the time to buy a home!
In the Netherlands, many people still live in rental properties. While this is a personal choice for many, it’s becoming less advantageous to rent a home these days. With regular rent increases, it may be a good time to consider buying a home instead. In this article, we’ll explain why moving to a home you own is a great idea—you may never want to rent again!
More stable monthly payments
One of the biggest advantages of owning a home is that you’re not subject to rent increases, which can make your monthly expenses unpredictable. The costs of owning a home, especially a mortgage, tend to be much more stable than renting. Since there are fewer fluctuations in mortgage rates, homeownership provides more financial security for those looking for stable payments. With rental properties, rent often increases every year. If you want to avoid this, buying a home is the best option.
The home becomes yours
Another big advantage of owning a home is that, once the mortgage is paid off, the house is entirely yours. For many, this is the main reason to choose homeownership. It becomes your own space, and after paying off the mortgage, the only expenses left are utilities like gas, water, and electricity. This is especially beneficial for those nearing retirement, as it provides a worry-free living situation with fewer financial concerns.
Full control over your home
Anyone who has rented knows the frustrations of dealing with a landlord who doesn’t fulfill obligations, like fixing leaks or addressing issues in the home. When you own a home, you’re in complete control. If there’s a leak or a repair that needs to be done, you can take immediate action without waiting on a landlord. While you’ll need to cover the costs, acting quickly can often minimize expenses.
If you want to learn more tips and tricks about buying or selling a home, be sure to check out the other articles on our blog. At IMMO, we provide all the advice you need to successfully sell your home or find the perfect new one where you’ll feel right at home. Looking for properties? We always have a great selection for you to choose from!
