Making Home Ownership a Reality through Financially Sound Decisions
Introduction
The road to homeownership is an exciting journey. It can give you a sense of personal satisfaction to have a home of your own to share and enjoy with family and friends. However, for many Jamaicans the thought of buying a house doesn’t just feel far away, but nearly impossible. With so many new developments and houses on the market and the high costs associated with home ownership, many Jamaicans are daunted and even demotivated. Like any major decision, one need to exercise careful considerations as home ownership should ideally be one such priority. After all, it is by far one of the biggest financial decisions one has to make in their lifetime. The key to making homeownership a reality is to ensure that you have a sound financial plan and a feasible budget to set aside money that will be needed for expenses such as making the deposit and other fees including closing costs, stamp duties, lawyer fees etc. It can be a very costly venture but with sound and early financial intervention, it is achievable. At the end of the day, it all comes down to saving and planning.