In Nelson Mandela's book, Long Walk To Freedom, when describing his return from Prison in 1990, he had this to say about his house in Orlando West, Soweto.
“It was the opposite of grand, but it was my first true home of my own and I was mightily proud. A man is not a man until he has a house of his own.”
According to Abraham Maslow’ human basic needs Shelter along with food and clothing remains essentials of life. This is why we have come up with more reasons why you should own your own home;
INVESTMENT
We all know that unlike owning properties like cars will only depreciate in value after some years meanwhile owning a home appreciates in value because it can only be more and more expensive. Nonetheless, even in times of recession, the average home price goes up each year because it doesn’t mind the economic situation of the Nation.
MORE CONTROL
You tend to be more in control when you become the owner of a home. More often than not renters only move into a home without the motif of modifying the home whereas other renters are usually restricted from doing any form of renovation in the home; therefore these are certain restrictions renters go through. As a homeowner, you can make improvements to your home, and home improvements usually lead to increased home value, both financially, socially and in daily home life.
SUSTAINABILITY
Sustainability is what the long term renters lack because a huge amount of their income goes into housing fees that are constantly increased by their landlords also management expenses that are constantly increasing over the years. As a homeowner these expenses are not in existence, you have more disposable income while the renters pay his fees from his disposable income.
FOSTERS SOCIAL BENEFIT
Having lived in an environment for a long period of time either as a homeowner or a renter creates social benefits that range from friendships with neighbors to community involvement and consistent educational opportunities for children.
However, renters have a thing with moving from one place to another thereby affecting friendships, relationships and also schooling in a negative way, therefore, renting a home can mean that you never really know where you will live next.
STABILITY
One of the advantages of owning a home is that it increases sustainability and stability, therefore, Moving from rental to rental can cause inconvenience, fatigue, the financial and emotional burden. Staying in the same home allows a financial and emotional investment in both your living space and your community.
These benefits and more are the reasons why our mission at Rychado Homes is to provide luxurious and yet affordable properties and homes for the average Nigerian.
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