Buying a House With a View

Homes with a interesting or good view often sell for a premium price above similar homes without the view.

However, if you want to purchase a house with view, buy it mostly for your own pleasure and not as an investment.

Every buyer is different and, what you like, might not have the same appeal to the next buyer.

With that said, a home with a good view normally has a dollar value on the view, meaning the view usually commands a higher selling price.

If you pay a premium for a view that no one else likes, it may take you longer to find a buyer when it comes time to resell the house. You may finish up reducing your asking price to more nearly match other sales prices in the neighborhood.

So, if you are buying a home with a view, try to pay as little extra as possible.

Owning Your Own Home Verses Renting

Owning your own home can have enormous advantages apart from just the financial benefits of owning an asset that will most likely appreciate in value over time.

Owing your own home can provide you the freedom to be in control. If you decide to improve the property, you are one who stands to benefit the most. You not only potentially increase the value of the property, you could end up making it easier to sell (if that is what you want to do), plus you get to live in an environment you have created.

Compare owning your own home to renting where there is little incentive to improve the home. When you rent, you are normally limited on what you can do to improve the home. You have to get landlord permission to make certain types of changes or improvements whereas, with owning your own home, you get to make the decisions.

When renting it doesn't make sense to spend thousand of dollars painting, landscaping the property, putting in carpet or tiles, building fencing, adding window coverings unless you intend to stay renting the property for decades to come.

The problem with renting is that there is usually no long term rental agreement to guarantee you the rights to rent the property for any length of time. Whereas owning your own home gives you the choice to decide how long you stay in the property.

Unless the improvements you make, to a rental property, are for your own medium to longterm enjoyment and comfort, the main person to benefit is the landlord. The resulting improvements you make to the rental property might prompt the landlord to increase your rental or to put the property on the market for sale.

So, if you are renting you need to face facts; your landlord will probably not want to outlay money for major improvements unless there is the opportunity to increase your rental or sell the property for a higher price. Most landlords want to keep expenses to a minimum, so he or she will probably not be spending much to improve the rental property.

Conclusion; owning your own home is usually the best option longer term both financially and from a personal satisfaction point of view.

Owning your own home puts you, the property owner, in control!