While I was undergoing academic years at university, I recognized that I must try my best to learn and accumulate money for my future
house
. While some people choose to hire a flat as an optimal option, other proponents claim that living in a self-owned accommodation can bring comfortable, stable, and secure feelings. In my opinion, I advocate that owning a
house
is a positive tendency for the following reasons.
First
of all, homeownership can create a sense of stability because
this
will be considered an intelligent strategy to minimize financial risks and maintain a secure feeling in case of unexpected and arising matters
such
as termination of the rental contract, unemployment, and bankruptcy.
For instance
, in South-East Asia countries, possessing a self-owned
house
plays a vital role because
this
culture highly evaluates the importance of the permanent settlement. Youngsters have established the specific milestones of purchasing a
home
by attempting to turn goals and dreams into reality.
Therefore
, a residential
home
provides owners with security and assurance to maintain steady life.
Secondly
, becoming a homeowner can bring the freedom of various selections and decorations. There will be more choices for decorating and refurbishing the appropriate furniture, lighting,
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, and accessories depending on personality, income, needs, and lifestyle.
For example
, my father had asked for the landlord's permission for
home
- innovation.
However
, he could not receive the approval and decided to apply his aesthetic knowledge about architecture to improve the newly purchased
house
.
Therefore
, owning a private shelter will give various opportunities and choices for suitable interior designs based on personal purposes.
Some real estate employees may argue that possessing a private
home
can put financial pressure on homeowners. They say
this
would force the owners to borrow for affording
home
purchases and lead to a default on huge payments.
However
,
this
argument is not convincing. In the event of being unaffordable to purchase a
home
, borrowing money from banks through parents' representation could be an ideal selection. Many Vietnamese financial analysts could claim that the interest rate in Vietnamese banks is proper to create opportunities for citizens to borrow money for
home
payments. An owner can settle an appropriate long-term plan for paying a loan amount, so current assets can increase and add to the lucrative property
instead
of paying for a mortgage.
Therefore
, homeowners will probably deal with the tension provided provide that borrowers manage financial investments to make timely payments.
In conclusion, the selection of owner-occupancy is a good idea due to different options for adornments and certainty for the sudden occurrences of
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situations. A better approach is the strategies of accumulation process and investment scheme to purchase personal shelter in the future.