What it means to buy your first house

Getting onto the property ladder and owning your own home is an aspiration that almost all human beings would like to realise. Some list this step as one of life’s major goals. However, one question that seems to arise when discussing home ownership, is why owning a house is so important that people are willing to go to great lengths to achieve this goal? Lengths such as leaving family and friends behind and relocating to different cities or even different countries.

As many would agree the benefit of owning a house is not only financially rewarding but on a personal scale can bring a sense of achievement and security.

From a financially beneficial point of view getting on the property ladder will allow you to own such a valuable asset while on the other hand providing you with shelter, a basic human necessity. Imagine the torture of having to live outside without shelter. What happens when it rains, snows or you experience a heat wave? Imagine living in Dubai without shelter when a sandstorm occurs. Although a population experiences this in their daily lives, it would be challenging to say the least to withstand the dirt which is swept away by wind at high speeds reducing visibility. Not only is it a necessity but it puts you in a better position to be more financially independent throughout your life.

Owning a property these days is also an opportunity to travel and live abroad. As many know it is near impossible to acquire a property in a city like London on an average UK full time income. People have now resorted to either buying to let in the outskirts of London or totally relocating further up the north of England or even abroad. A popular destination abroad to buy cheap in the current economic climate is Spain where houses and villas can go for less than half the price you would pay buying within the UK.

One thing that is overlooked by people when deciding to buy is the costs that come with the process; legal costs, stamp duty etc. When buying abroad it is even more vital to take the right steps in ensuring contracts are drawn up accordingly in your best interest especially when you are dealing with information in a different language. You cannot simply rely on Google translate to clarify legal information. In such instances it is imperative to use professional translation services to ensure you are making the right decisions.

One thing that many may agree with is that the desire to own a property is something that is instilled within us from an early age. As we get older the reality of owning a property is realised and our actions show a tendency to achieve this goal. After all we all want to experience the feeling of being financially independent and having a worthy asset for security and if done correctly is a rewarding and comforting feeling.