*Emotive Image

Why Paying Rent Is a Bad Idea

At some point in life, we all have to think about housing, and that’s when the question arises: Is it better to buy or rent? That’s the moment to ask yourself what truly suits you best. If you calculate how much you spend over the years paying for a property that isn’t yours, the answer becomes clear!

Acquiring a property is the best way to secure capital. Over time, it can become a legacy, and more than an expense, it’s an investment — one that brings many advantages we want to share with you today:

You can have your own home:
A place that provides the stability and peace of mind you need. Investing in a home is a commitment to your family. It is one of the safest and most stable investments, but it is also a long-term commitment, so it must be a well-thought-out decision.

Your family will be protected:
As a tangible asset, it can be passed down. Investing in a home provides stability and a space where everyone feels safe.

It helps improve your credit history:
Since your money is invested, paying your mortgage on time opens doors to new financial opportunities.

You can personalize it to your taste and needs:
No more waiting on a landlord to make changes or fix issues. There’s nothing like the immediacy of doing it yourself.

Urban development and renovations increase property value:
Regardless of the property size, it should have amenities that preserve or increase its value. Remember, location is key.

Invest in your future:
Make sure the property price truly fits your budget and repayment capacity. Investing in something beyond your means may lead to delays in payments and unnecessary stress. Get proper advice before making the investment. Consider that:

  • You can buy a property off-plan, sometimes financing the initial payment.
  • The Colombian Government offers subsidies for purchasing a new home.
  • Various loan options are available; consult different financial institutions to find the best interest rate and benefits. There are plenty of options today.

Buying your own home can be cheaper than renting:
Surprised? Monthly payments can actually be lower than rent, and instead of going to someone else, your money goes toward your own investment.

We invite you to explore the projects Mendebal has for you by clicking here, and get in touch for the best advice to help you take the step toward securing your future and your family’s.