How to spend good money to buy or build a house and use it as, not a cost, but an investment so that you are not sad you spend that money? Sometimes making your own house a way to earn more money may sun dike a crazy idea. But have you thought about it yet?
Buying Vs Building
There is always an argument forbuying and against buying, same for building. Rationale behind going for a house off the market is that you will save time and money then building a house.However, you face the disadvantage of not getting the exact same design that is in your mind.From the day you started thinking seriously about where and how to live, what job to do and so on you will have had an idea of what sort of a house you like to live in.Hence, building has the upper hand. You can have your own design or the contractor’s architect can come up with a feasible design with your ideasalso put into action.You can probably work on an effective planning with a financial planner when you are building the house because you know what sort of a project you are getting into. However, when you are buying a house off the market you might not know what renovations or other troubles come with it hence making it difficult for you in the financial front. Check this site that good in financial planner they can offer high standard service it can give a best results.
Deciding to spend the money to build or buy a house means you are now responsible for a monthly mortgage payment. Very few people have the sort of money to buy a house without going for a financial plan. Usually, a housing loan or a mortgage goes on for 10 to 15 years.With the interest you pay, it comes up to a huge amount at the end.This is the reason why most people are reluctant to go for house early in their lives.Nevertheless, if you can make the house an investment rather than a cost then this is the ideal situation.One thing you can do is to rent a part of the house.If you are building the place, this is the easiest to do.Once you are building, you can have a part which is to be rented out.You can use the rent money to pay the monthly mortgage payment.
Using the space available in the land to go for a garden is also an investment opportunity. Some imagine a garden is for beauty. That can be so, too. But what if you choose to plant vegetables or spices? It is advantageous in two-ways. Veggies and fruits available in today’s markets are somewhat chemically treated. But if you grow your own stuff, no need to worry about that. Also, if you are successful in this, you can start it as a home-based business. Easiest options you can go for are vegetables, mushrooms and some spices. Organic farming has a high demand these days and with a good financial advisor you can easily fill the niche in that market. There is nothing you can’t do if you put your mind into it. So try hard and be innovative in your day-to-day life.