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Depending on tradition and custom, the principle of entering the threshold of adulthood kicks in when a child moves out of the nest. A factor for such a bold step forward may be driven by western influences whereby the end of one’s schooling translates to getting a job whilst putting oneself through college. In the more eastern scenario, a child is not expected to leave the safety of home unless for study or work away from the local town, or marriage. Buying a house is a step of initiation into maturity as it entails great financial responsibility. Before jumping to sign the sales and purchase agreement upon first glance at a property of extreme cuteness, objectives are best to be laid out to ensure all parties are in one accord. If there is discord, it is best to look on as there is no reason to argue about landed property versus high rise dwelling and cause unnecessary ill-will. If one is considering potential investments into the future, it is worthwhile to check city plans drawn up for the neighborhood and surrounding vicinity. Tenant potential is of priority as an unrented property bleeds away one’s income. Often times, the public maintains a perception of buying a house as an existing property. This is far from the truth as empty land also fits the bill. One can opt for a house fresh from the developer’s fold or as a secondhand property. Either way, advantages and disadvantages abound to suit the most finicky of owners. Assuming all settle on a property of choice, the next step is to work out the finances. Not many have the ability to acquire a landed property with ready cash nor wish to do so for fear of drawing attention from the internal revenue board. By checking out home loan packages offered by banks, one hopefully settles on reasonable rates with a payment schedule to not squeeze the life out of the debtor. Chris is the writer of this article , you can visit us for more information on Dubai Real Estate and Dubai Tourist Guide.
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