Buying a house is considered more of a source of investment, and therefore safe and better than renting.
However, all aspects relating to taxation, property maintenance, and the resulting costs are not evaluated. Questions to ask ourselves is: is investing in brick the right choice? Let's see what the particular aspects related to the purchase and lease are, and finally, we will assess the matter.

Is It Still Attractive To Buy A House For The New Generations?

Although many believe it is the arrival of a not insignificant economic serenity, what has emerged from recent research that targets millennials are a very different picture that goes beyond what has always been thought about real estate investments.

Young people aged eighteen to thirty-five nowadays find themselves having to deal with various variables, itinerant work, economic independence that does not always arrive, and, therefore, lack financial stability, making plans complex. If you add to this a dynamic career, a network of interpersonal relationships outside the territory where you live, the picture changes.

So, when it comes to the crux of buying or renting a home, visit MyDecorative.Com for the latest tips. Making a long-term plan for these kids is hard. Although property prices are down and mortgage interest rates are now at historic lows, buying is not the best choice, and it happens that opting for rent is the best solution.

Young up to the age of thirty-five want to leave home, but they cannot afford to buy their own, both for the money that is often lacking and for the work that is not always safe and requires many sacrifices.

In this article case, buying a house would be just a nuisance and a useless waste of money.

This generation, the house seems to have lost the charm it once had, which considered it as a point of arrival, in addition to marriage, but also to the coveted permanent job or better said a permanent position.

Doxa 's report serves to make us understand that purchasing is no longer a priority for most of them in this age group.

However, many of these indeed prefer to continue investing in brick, considering it a necessary and vital step for life. Many young people are thinking of reaching this goal, even with their parents or banks' help, if you decide to opt for a mortgage. However, what interests us is understanding if it is more convenient to rent or buy a house.

Pros And Cons Of Buying

Those who decide to buy a house know that this will be their property. They can settle in a completely arbitrary way, budget permitting, and carry out any renovation without asking the homeowner for anything.

He can decide to improve his condition and structure in every moment of his life. However, becoming the property owner can also present some disadvantages from a tax point of view. Just think of the burden of taxes to be paid on the purchase over the years.

Those who decide to buy a house with a mortgage also know that it has changed a lot.
With the real estate market crisis, even the banks have sought a compromise with the state to encourage real estate purchases to avoid significant inconvenience for consumers. For some time now, it has been possible to deduct from the tax return the interest expense of the loan and all the accessory charges that derive from it.

Some conditions: take out a mortgage by placing a mortgage on the property. The loan must be stipulated one year before or one year after purchasing the property. And this must be used as the primary residence from the stipulation date, taking care to maintain the home.