A lot of surveys found in Ethiopia show there are multiple reasons why people in Addis Ababa would choose to purchase an Apartment instead of renting. Some of the most popular non-financial reasons given include:
- The flexibility to make the space your own.
- The pride homeownership offers.
- The sense of stability.
Often people say they’d rather own an Apartment than rent because of the unique way homeownership builds wealth over time.
And experts agree – the home you own is an essential tool for building your net worth. Here’s what many of those experts have to say about building long-term financial stability through homeownership.
A home is truly a one-of-a-kind asset. It is the only asset that’s both an investment and a place for you to call your own.
The major financial advantage of homeownership is the accumulation of equity in the form of house price appreciation. . . We will not always have 17% house price appreciation, but we have to take into account the fact that the shelter that you are owning is an equity-generating or wealth-generating asset.
Homeowners can leverage the wealth they generate in several ways throughout their life. Tapping into accumulated equity has long been used to pay for the cost of education, to start a business, or to fund various other expenses.
BOTTOM LINE
With home prices expected to continue to appreciate in coming years, homebuyers have an opportunity to start the long-term wealth-building process right now. Let us connect today on Metropolitan Real estate, which has multiple ongoing projects such as Metropolitan Tower apartments located at Bole Rwanda bridge Infront of Mamocacha Café, while Metropolitan Central Tower Luxury Apartments are around AU headquarters. Metropolitan Westview Standard Apartments are located at Total Soset Kuter Mazoriya. if you are ready to begin your journey on the path to becoming a homeowner, please contact us at the Ethiopian office: +251973404040 and USA office: +1 480 280 2242.
