You have no short-term plans to move
Buying an Apartment in Addis Ababa is typically a commitment to a specific location or neighborhood. If you love the area and can afford it, then fine. However, you also need to account for the fact you’ll most likely need to stay in your home for at least several years to see any return on investment when you do sell.
Plus, buying and selling a house in Addis Ababa takes time and money beyond the cost of the house itself. Unlike renting, where you end your contract and move your belongings, selling a house requires an additional financial commitment — think listing agent and other closing fees. It could also take months before you find a buyer and move. So, if you’re ready to stay put, the extra work involved to buy a house could be worth it. Metropolitan Real Estate Apartments are worth of investment for the reason that their high quality and unique amenities are hard to pass by.
You aren’t feeling pressured
For some, owning an Apartment isn’t all that attractive, but they become a homeowner because of peer pressure. Perhaps your friends are wondering whether you’ll stop throwing money away on rent (in their words), or you keep seeing beautiful photos of Apartment your friends and co-workers have bought and renovated on social media.
If the decision to own an Apartment is yours and yours alone, that’s great. Otherwise, you’re probably better off waiting if you feel you should purchase an Apartment because that’s what people are telling you to do.
You’re ready to commit
Homeownership takes up a large portion of your time and budget, so you want to be absolutely sure you’re ready to commit. For example, if you’ve got other major life decisions you might want to make, such as long-term travel or taking a work sabbatical, then it might be better to put off buying an Apartment. However, if you really want to invest in a place that will grow with you, then by all means, consider buying a home.
Let us connect today, on Metropolitan Real-Estate, which has multiple ongoing projects such as The Metropolitan Tower at Bole Rwanda in front of Mamokacha cafe. Metropolitan Central Tower Luxury Apartments are around AU headquarters. Metropolitan Westview Standard Apartments is located at Total Soset Kuter Mazoriya and The Metropolitan Residence is located around Bole Main Road, In front of Mega Building. Contact us with the Ethiopian office: +251973404040 and the USA office: +1480 280 2242.