How To Know You are Ready To Become a LandLord and Stop Renting

September 3, 2021by MeritAbode0

If you are a renter, then chances are you have once or twice thought of
getting your own house. Usually, most people do away with such thoughts because they’re not ready to own one.
Although there are some minute benefits of being a renter such as the
flexibility of being able to move from one house to another at any time, the
benefits of being a Landlord far supersedes being a renter. Most people today work hard every day and aim to own their own house.
Here are some of the pointers that show that you are ready to become a landlord and be free from paying house rents:

You are Tired of Paying House Rents

According to research studies gathered from around the world, house rent is
among the top 10 expenses that take up people’s monthly income. House rent takes up about 30%- 50% of most people’s monthly income. With this high percentage, it’s usually very hard for people to save, spend and also take care of other bills arising for the month. In some parts of the country and the world at large, the cost of renting a house is even higher than the average monthly mortgage for a single-family home.

You Have Financial Stability and Ready To Pay a Down Payment

Once you have attained financial stability, life is much easier on that side.
Several things such as steady employment with good pay, savings, and proper
management of your debts, among others contribute to one of the factors that
influence financial stability.
However, so many factors such as student loan, business loan, personal loan and
debt, and bills have made it even harder for most people, but when financial stability is attained, you can finally save enough money to make a down payment or buy your own house.

You Just Got Married and Want To Startup a Home

It is no surprise today that newlyweds want a beautiful and comfortable place to start and build their new family. Buying a house is one of the best advice for newly married couples because they become free from the worries of paying for house rent which could take up a considerable percentage of their income. Getting married is one of the most important reasons for people to buy a new house to build up their new family. When newlyweds are buying a house, their choice of selection is influenced because they’d have to consider unborn children and what kind of house best suits the family they want to build.

You Want a Bigger House For Your Family

Buying a bigger and more comfortable house is one of the bold steps you can
take in creating a good lifestyle for your family. Some of the benefits might include a serene environment that is comfortable for the family to relax and have family time together and a big backyard where kids can play and have fun. Home is the first place where memories are built. A good long-lasting home usually has a positive long-lasting effect on children because it influences the way they grow up, and the responsibility falls on parents to create this environment for their children.

Want to buy a house? 

Have you finally taken the bold step to own your own house and become the latest Landlord? Then reach out to us, as we have the several options you will love and will suit you and your needs best. Contact us Now


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Meritabode is a real estate company that specializes in sites and services-sales of plots of land, construction of affordable housing estate development in Nigeria.

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