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The Most Sensible Investment Decision Youll Ever Make
So much advice is bandied about on the internet and even on the street about what makes a sensible investment, what makes a good investment and what makes a secure investment. Well - when you consider that for most of us our own home is actually our number one asset and that it is a strong capital appreciating asset, surely the most sensible investment decisions we can make will be locked into that real estate. By making the decision to buy your own home you have already made the most sensible investment decision of your life! After all we're all well aware that paying a landlord's mortgage in the form of making rental payments each month is effectively throwing tonnes of your hard earned cash down the drain. By deciding to turn that hard earned cash into capital appreciating bricks and mortar you are investing into your long term financial security. Here are two more sensible investment steps that you can take towards making the very most of your home and getting the very most from your home. Step One - Make Home Improvements A house is a living, breathing organic structure that requires constant ongoing attention and care; by keeping your home in pristine condition and paying prompt attention to any repair and renovation work that needs doing you will be managing your investment to the very best of your ability. Just like investment fund managers constantly tweak and hone their investment decisions for the sake and benefit of their investors' cash, so you should consider constantly tweaking and honing your home to keep it looking fresh, new and well maintained. If you allow your home to fall into disrepair it will not only lose value but it will cost you far more in the long term to put right. Furthermore it will reduce the amount you can sell it for should you decide to relocate ever. Step Two - Pay Off Your Mortgage A mortgage is the only way most of us can afford to get on the housing ladder - but there's no denying it, it's an expensive debt to carry around and shoulder each month. The longer you take to pay off your mortgage the more interest you will have to pay. The monthly amounts you pay in interest and mortgage insurances soon add up to in excess of the original amount borrowed! Unfortunately for us most mortgage lenders like to lock us into long term contracts with penalties for early repayment and making lump sum payments but it is possible to renegotiate mortgage terms, find a new lender and get a flexible mortgage that allows you to repay lump sums without incurring a financial penalty. The best times to do this is when it is really a buyer's market and just like the housing market is cyclical so the lending market is too. So wait until all the adverts are on the TV and in the newspaper telling you about the most competitive rates available and how if you move mortgages the new lender will pay all your fees and then make your move! If you're currently locked in to an inflexible scheme consider putting aside as much as you can each month into a suitable investment vehicle which is low risk and high interest paying and then access this money as soon as you're able to pay it off your new flexible mortgage plan. The sooner you truly own your own home the sooner you'll be benefiting to the max from the most sensible investment decision you've ever made! Rhiannon Williamson is a freelance writer whose many articles about international property and investing in overseas real estate have appeared in publications around the world. Visit this link to read her latest articles aboutInvestment Property Abroad
MORE RESOURCES: Real estate mogul concerned how Americans will deal with squatters: ‘Something really bad is going to happen’ Fox Business Big Tech Is Downsizing Workspace in Another Blow to Office Real Estate The Wall Street Journal Industrial property company warns of a slowing real estate market Greater Baton Rouge Business Report Real estate: where is the best place to live in Boston 2024 The Boston Globe How Will Real Estate Commission Ruling Impact Bay-Region Homebuyers? Chesapeake Bay Magazine Former HGTV star from Los Gatos sentenced in $10M real estate fraud case CBS San Francisco Real Estate Lead Generation and Marketing HousingWire 2 real estate firms join forces for medical office building acquisitions Becker's ASC Review Prologis Warns of Slowing Industrial Real-Estate Market The Wall Street Journal Arizona Coyotes owner cares more about real estate than hockey The Arizona Republic Sarah Rogers Real Estate Group Presents: Stunning Modern Spanish-style Oasis in Altadena Country Club District Pasadena Now The Top Luxury Real Estate Leaders In Boston Boston Common | Modern Luxury Experienced Acquisitions Expert Justin Maturo Joins Mesirow Institutional Real Estate Direct Investments PR Newswire People and Property: Real Estate and Construction News From Around NH New Hampshire Business Review Real Estate Fresh Finds: April 17 PoPville VR Home Tours: The Future of Real Estate Showings hackernoon.com The Top Luxury Real Estate Leaders In Las Vegas Vegas | Modern Luxury Real Estate Sales Down, Price per Foot Up, in March Brownwood News NS proposes 5% real estate tax increase for 2024-25 Shenandoah Sentinel New York community-scale developer Ninedot secures US$13 million real estate financing Energy-Storage.news A new real estate trend? Shopping malls converted into residential units in South Florida NBC 6 South Florida Friedman Real Estate closes sale of 12952-square-foot industrial property in Madison Heights – REJournals REjournals.com JWB Real Estate to host community town hall - Jacksonville Business Journal The Business Journals Real estate, finance jobs are driving Tampa Bay's economy, report shows - Tampa Bay Business Journal The Business Journals Flagship Communities Real Estate Investment Trust Announces Largest Acquisition in the REIT's History GlobeNewswire Consumer warning: real estate fraud schemes target Dominicans Brooklyn Daily Eagle The Top Luxury Real Estate Leaders In Philadelphia Philadelphia Style | Modern Luxury Leading Conference Organizer IMN Launches AI in Real Estate Conference on June 11 in New York City Yahoo Finance Local real estate agents discuss how lawsuit may impact the market Daniel Island News Flat For Flip (FFF) Intends to Expand European Real Estate Market to Asian Buyers through NFTs GlobeNewswire Parkside Uptown — Bank of America’s future Dallas home — finds $290 million The Dallas Morning News High Mortgage Rates Impact New Construction: Builders Pull Back Norada Real Estate Investments Buyers Are Back in Control as Luxury Home Sellers Slash Prices The Wall Street Journal California Housing Market Slows Down but Home Prices Soar Norada Real Estate Investments Regional Banks Face Challenges from Commercial Real Estate Market Value the Markets |
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