Residential Real

Estate
A DISCUSSION ON THE POSITIVES AND NEGATIVES OF
OWNING A HOME

Discussion Points
Rent or Own
Location
Buy or Build
Financing Options
House Architecture and Design

Intro
The real estate market current is in decline and the prices are falling, which
sparked an interest in owning a house. But other think that the time is not
right and should wait.
In this discussion, we will talk about several factors to take into consideration
when making a decision to own residential real estate.

Own or Rent
Which option is better?
Some people prefer the freedom of renting and changing location, while others might want
the security of owning house.
Q1- which option is better and why?
Q2- is always better to own a house? Is no, when to rent?
Q3- does a persons job affect the option and how?
Q4Q5Generally, owning is much better choice than renting, but when considering the possibility of
relocation and financing options rent might be a better option, because if you rent instead of
taking a mortgage (real estate loan) the installments will be higher than the rent and you can
use the savings to invest it and gain more than what you might if you take a mortgage.

Location
What is the best location for your home?
Low cost, nearby services, or close to city center
Q1-how important the location of the house?
Q2-how much of the total cost are you willing to pay on location? (give %)
Q3-is it better to live near city center or the suburbs?
Q4-do you proximity to work as priority?
Q5-how important to live right next to good schools and hospitals?
Every thing has a price, you cannot have everything without paying, but the
question at what cost.

Buy or Build
When to build, and when buying is a better option?
Everyone wants to build a home according to their dreams, but others belief to save the
time and effort and buy an already built one.
Q1-considering the time and effort to build a house, is it worth it?
Q2-does everyone has the skills and time to build their own houses?
Q3-if you cannot build your own, what knowledge do you need to successfully buy a house?
Q4Q5The two options are almost the same, because the cost of building will limit you from having
all the features you want , and if you chose to buy, you will find a lot of options that will
satisfy most of your needs, so the question becomes do you trust your self to buy a house,
or do you trust person you are buying from.

Financing
How will you finance owning a house?
Savings, Mortgage, or several personal loans.
Q1-what is the best option to finance owning a home?
Q2-is it one of the options (Savings, Mortgage, or several personal loans), or a
combination?
Q3-can financing stop you from ever owning house?
Q4-does your social status affect your decision?
Q5Usually the savings option is the most attractive one, but the social and age
of the owner night tell otherwise.

Architecture and Home Design

How the architecture and design of the home might affect your decision?
Does the house shape matter? What is the priority for design, considering other factors
like cost quality and usability.
Q1-does the looks of the house affect its value?
Q2-what layout do you prefer and why?
Q3-how important are the house layout?
Q4-what features are essential to your dream house? (basement, pool, balcony, etc )
Q5Many might think that design is not very important, but when considering that owning
a house is considered an investment and the design might affect the value, thinking
might change.