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#446922 - 07/31/15 09:34 PM Is buying a home still the best first investment?
sakshidhawan Offline
Junior Member

Registered: 07/14/15
Posts: 4
Loc: Hyderabad, India
Can buying a home (to live in)should be considered as making a financial investment

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#446924 - 08/01/15 04:58 AM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
JohnN Offline
Member

Registered: 11/21/13
Posts: 228
Loc: Minnesota
Buying a home is definitely a "financial investment", whether it's a good investment or not depends on a lot of factors.
The old adage-you have to live somewhere, comes into play.
You need a roof over your head so buying a home can be better than renting if you choose a good neighborhood, don't overpay for the house and don't over extend yourself to make the purchase.

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#447257 - 08/18/15 07:58 PM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
jasonconferido Offline
Member

Registered: 08/15/15
Posts: 16
Loc: philippines
Yes buying a home can be a good investment. But there are a lot of factors you need to consider in investing on houses or condominiums. You have to understand that if you want to invest on a home it means that at some point you will have to sell that property. So if you decide not to rent the place to a tenant and choose to live in it yourself then you should take care of it. House prices will increase eventually especially if the location is good. So manage your home properly so when the time comes that you want to sell the home it can have a better value.

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#449854 - 01/12/16 11:54 PM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
saratiku1 Offline
Junior Member

Registered: 01/12/16
Posts: 1
Loc: sweden
Buying a home is a good investment that will appreciate over time, and eventually help provide for retirement by not having a house payment in your old age once you’ve paid off the mortgage. Alternatively, you can make money selling the house when you become too old to live alone or just need to downsize to a smaller house or a condo.

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#449936 - 01/17/16 08:32 AM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
CityDwellers LLC Offline
Junior Member

Registered: 01/12/16
Posts: 4
Loc: Washinton D.C., USA
Buying a home is definitely a good investment if its a well contemplated purchase keeping in mind the location, neighborhood, scope of renovation, future prospect etc. A home not only provides lifetime security for you and your next of kin, but also contemporaneously insures you an asset that plays a vital role in reinforcing your investment opportunities plus retirement goals and privileges you with empowered living possibilities along with additional rental income, impending and progressive outcomes. However, always safeguard your investment with professional legal assistance to minimize coincidental risks.

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#453792 - 08/05/16 10:25 PM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
goasya Offline
Member

Registered: 07/16/16
Posts: 59
Loc: Karnataka,India
Buying a house is always a good investment considering the location,neighbourhood and other factors that might come into play in the future if you ever consider to sell it off.

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#454114 - 08/25/16 08:18 PM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
cristeena Offline
Junior Member

Registered: 08/24/16
Posts: 3
Loc: Canada
yeah definitely buying a home is a financial investment.

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#454821 - 09/30/16 11:16 PM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
goasya Offline
Member

Registered: 07/16/16
Posts: 59
Loc: Karnataka,India
It is a very good investment and you can rent it out too if you wish to

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#455870 - 12/13/16 10:24 PM Re: Is buying a home still the best first investment? [Re: goasya]
Jhony Offline
Member

Registered: 12/13/16
Posts: 44
Loc: Maharashtra > Other areas
Hello Guys,

Buying a home is likely to be the best long term investment just you check once the location, neighbourhood and other factors its helps in the future if you ever consider to sell it off.

If you are based in mumbai, then I will suggest you to invest in navi mumbai rather than mumbai

Thanks

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#458398 - 07/07/17 08:09 PM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
Caroline Allison Offline
Junior Member

Registered: 05/07/17
Posts: 5
Loc: Texas, USA
Hi,
Yes buying a home is a good and long term investment, but you have need to consider some factors while buying a home like location, neighborhood, the condition of the house and maintenance cost.
Thanks!!


Edited by Caroline Allison (07/07/17 08:09 PM)

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#458399 - 07/08/17 03:05 AM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7720
Loc: Vermont's North-East Kingdom
Remember . . . . the Thread Title is asking about the "BEST FIRST INVESTMENT", so it might very well be that there are other aspects in one's life which could be more important than owning a house.

Of course, Real Estate Agents will always answer that a house is always the BEST . . . . and should be the FIRST; but there may be other priorities depending upon your own personal circumstances.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#458678 - 08/10/17 12:19 AM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
gomezs Offline
Junior Member

Registered: 07/31/17
Posts: 4
Loc: usa

yes buying a home or apartment is a good investment.Most of the people used to do the same and yes they said that it's a profitable thing to do there is no loss in it.But there can be lots of things which a person has to keep under consideration.If you buy a home in a good location definitely its rates will go high in coming years, So its better to manage your house properly so that in coming future if you will decide to sell it, you can get an expected amount from it.

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#458805 - 08/16/17 09:18 PM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
emily millercs Offline
Junior Member

Registered: 08/16/17
Posts: 3
Loc: Boston,united states
Buying a Home is all time best investment, first thing you escape from monthly rent instead of you can pay mortgage.
But before plan your income and monthly expenses according to that find your new home to buy. Here you can find the best real estate agents who help you to find the best home http://localservices.sulekha.com/real-estate-agents-in-birmingham-al

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#459778 - 11/14/17 06:51 AM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
John Scott Offline
Junior Member

Registered: 11/13/17
Posts: 2
Loc: USA
Of course, buying a home can be a good investment. The location, price, the condition of home are some of the main factors that you should take into account when buying a home.

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#459784 - 11/15/17 01:19 AM Re: Is buying a home still the best first investment? [Re: sakshidhawan]
Mayra Kelley Offline
Junior Member

Registered: 11/08/17
Posts: 5
Loc: Arizona, USA
I believe a home can be a good investment if you buy it with that mindset. Don't just buy any old house, but something that could cashflow positive if you rent it out and will hopefully appreciate.

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