Providing for your family is the duty of every husband and a father. However, one thing every man aspires to is purchasing and providing a home for their family. It’s even a greater responsibility and duty. Having your own space is a remarkable accomplishment and shows stability. Above all, it shows the art of manliness and the leader that you are – that you have transitioned as a man and now possess what it takes to overcome any hurdle that you and your family might face.
Homeownership is a big challenge for a man with a family. Typically, renting a home is expensive in the long run and it offers the renter nothing in return, except of course, a place to stay. Despite paying for rent, you still have no total control over the property. Plus, the owner could increase the fee at any moment.
Homeownership leaves you at the mercy of no one. It signifies financial freedom and maximize your leverage potential. Unlike renting, homeownership allows your property to appreciate, especially if you opt for mortgage. With homeownership, you aren’t putting your family at risk of bankruptcy because you are provided with a flexible payment plan to cover up the cost of the house. This is what you won’t get while paying rent.
Imagine planning to own a home when you are twenty or thirty, even before you have a family. By the time you work towards it, you might have gotten a home of your own at forty. Then, your family would be comfortable and you won’t have anything to worry about, especially as regards housing.
Owing a home provides a sense of security and independence. It eliminates the need to worry about yearly rent that might go up. Your children will feel safer and much more comfortable, knowing that there are in a serene environment that’s theirs.