Mortgage Is An Investment, Rent Is An Expense

10:08 PM
The ancient men lived in caves to protect himself from cold and animals. The aesthetics did not bother him till his basic needs were fulfilled. Evolution has transformed the basic shelter from a necessity to a lifestyle icon. Mankind has come a long way from caves to duplex. It is the vision of every individual to have a dream house of their own. Real Estate industry has attained great heights globally in the past few decades. Thanks to globalisation and commercialism, the financial status quo and investment portfolio options have tremendously been on the rise. The demand among the people to maintain a certain lifestyle and the easy availability of mortgage options can be a major contributing factor. However, the dilemma between buying and renting has always been there.

Investment options in properties can be considered as a solid investment essentially the value of the property increases over a period. The financial instability might not create a happy and confident situation in the present. However, the situation is expected to change and the market is predicted to grow over the next few years. The first hindrance of buying a property is the down payment. The down payment for buying a property is much higher than a rental deposit. This can be tackled by mortgage options. Banks are willing to pay up to 90% of the value if the customer has a stable job and proper guarantee. The interest rate in various banks is different and this places the customer on a higher pedestal. The house you always dreamed of would not be possible in rental accommodation. It might not even be close. However, homeowners have the flexibility to improvise and customise. 
Maintenance can be a real pain for homeowners without proper insurance. However, homeowners should read the terms and conditions carefully about the elements covered. The policy should be selected keeping in mind the demographics and potential risks. The mortgage and rent of every month can be almost equal. But the mortgage is an investment and rent is an expense. Having said this, the real estate market is on a slow but steady rise in Liverpool. A recent analysis states that nearly 50 % of the population in Liverpool has invested in Properties and the percentage is increasing by 10% every year. The city is gaining popularity owing to the increased educational sector and the value for money options. Liverpool provides a panoptic experience of heritage, art, culture, sport and pop. The city has developed itself to a wholesome holistic epicentre. Experts have predicted that investment property Liverpool will reap good returns in the forthcoming years. The landowners can also equalise their cost through the rental market which is a growing industry in the city. 
The city has a bouquet of investment portfolios for customers to indulge in. The increase of real estate increase has given way to competition and it is beneficial to the customer in terms of discount and value Adds. It is mandatory to verify and validate your property before proceeding with the purchase. Customers should also check for the hidden costs which accompany the purchase. So get going and make your investment property in Liverpool worthwhile.

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