Why own your home.

The Benefits of owning your home.

Who owns the house that you are living in. Are the title deeds in your name?

If your house is owned by a landlord you should take the actions to own your own place. Why

What are the main benefits of owning a property outright?

1. You cannot easily be evicted from the property since you hold the freehold title to the property.
2. You can then use the property as collateral to obtain study loans or a loan to improve your house. You can even borrow against a home's equity for other reasons such as medical or funeral expenses as well as starting a new business.
3. You can sell the house and realise the full value in cash.
4. You can bequeath the property to your next of kin.

What are the things that you should be aware of?

1 You are responsible for the maintenance of the property if you own it.
2 If you do encumber the property with a loan and you do not repay it as agreed, your home may be attached (taken away from you) and you may be evicted.

Here are some other benefits

• Pride of ownership is the number one reason why people want to own their home. Home ownership gives you and your family stability and security. It's making an investment in your future.
• You benefit from increases in value. So despite all the ups and downs, real estate has consistently appreciated.