When should you buy your first home?
You should buy your first home when you have enough funds to pay the upfront costs and meet monthly home loan repayments as well as have savings for emergencies.
Get peace of mind
Owning a home gives you the security of having a permanent roof over your head and helps you avoid uncertainties caused by renting.
Save your money
When you pay your home loan every month, the money is an instalment payment towards your ownership of the home. Instead of paying a monthly rental which doesn’t give you anything in return, loan repayments allow you to save up and walk away with a home to your name.
Build your wealth
In general, property prices rise over long periods of time. When you buy a home and you hold on to it for the long-term, you will probably find that the value of your home would have increased from the time you bought it. This will help you build your net worth.