The Great Australian Dream, much like the American Dream, has its roots in home ownership. Whether you believe that is actually the Australian Dream or just a major goal for everyone, nothing can take away from the happy thoughts of looking at a piece of property and calling it yours. It is a testament that despite it all, you got it together enough to put a roof over your head.
This premise of buying a house and living in it is becoming scarce, however, according to an article on Australia’s leading news website. Apparently, ‘rentvesting’ is growing to be an alternative option for people who have the capital to buy a home of their own. This is how it works: you remain where you live (where you presumably still pay rent), buy land/property and make it a business venture; most probably as a rental.
While there is nothing wrong with the trend, it robs the primal joy and fulfilment you will feel when finally purchasing real estate. If you have been dreaming about home ownership ever since you landed your first paycheck, realise it in the way you imagined it. Buy a beautiful home that you will happily call your own.
The Outright Advantages of Owner-Occupancy
What the article totally missed about rentvesting is that you need have an absurd amount of disposable savings and an income that will support both renting and developing a property. When you buy a home, you just buy a home. PlanBuild Homes says that you are going to have to go through everything a homeowner experiences, but it will all be worth it in the end.
As for buying a beautiful home, it is for the simple reason of satisfaction. When you wake up, walk your way towards the kitchen for a cup of coffee, sit down in your living room and have your morning constitutional, you want to feel that you did the right thing. Certainly, you are not going to feel that with a second-rate or dilapidated property. Buy something that you will feel be enough for your future life, whether you plan to live the single life or settle down with a family.
By the time you finish all your responsibilities associated with your own home, you will be much wiser. By then, you can look into rentvesting because you are most likely comfortable with all other aspects of your life. There is a time for everything and, right now, buying a home is the perfect move.