Sunday Times

Pros of buying

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● Even though the property market does go up and down, owning a property over the long term is generally a sound investment and a way to create wealth;

● By gearing a property — by taking out a home loan to buy it — you enjoy capital growth on money that is not your own as the value of your property rises;

● When you make additions or alteration­s to your property, you are investing in your own property and not somebody else’s;

● You have the satisfacti­on of owning brick and mortar;

● As a homeowner, you are paying off your own asset, not that of somebody else; and

● You can make improvemen­ts to the property in the way you would like, to suit your lifestyle.

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