3 Reasons Why You Should Buy Your Own House

I have to say that my ultimate adulting moment happened when I decided to buy my own house. I remember I was 26 back then with minimal savings and some freelance works on the side. I knew it is such a big responsibility to consistently pay for a monthly amortization that is like 75 percent of my monthly income but heck yeah, I still push through with it. I guess I love challenges and I’m just happy I now have a place I can call home. 

Indeed, buying a home is a great achievement. While renting may seem to be a viable option for short term plans, owning a house proves to be more valuable especially if we’re talking about long term investments. 

Now let me share with you 3 reasons why you should consider buying your own house:

1. You can build your personal equity.

Personal equity refers to the total sum of assets an individual person has, which are often made up of a combination of savings, investments, real estate, and cash income. A house is a property and when you get your own property, it adds up to your equity and it grows as the value of your home increases (or when you make extra payments on your mortgage).

You can actually leverage your home equity and access it by redrawing on your loan, or borrowing on top of your equity with an additional advance. You can use these funds for any type of renovations or business ventures or even a special holiday.

2. You can create your dream house without limitations

I love how I can freely decorate my own house. From the colors up to the interior details, I just have all the liberty to alter it as much as I want. 

In general, home improvements can increase the value of a property, so if it is your place, you can upgrade it all you want and increase its value over time. 

3. You’ll have living security

Having your own house means you have a place to stay for as long as you want. You don’t have to worry about your landlord’s decision and you can definitely veer away from the hassle of moving from one spot to another.

Now if you’re still confused with the numbers, let me recommend to you this site that allows you to calculate mortgages in just a few clicks! MortgageCalculator.uk calculates your monthly mortgage payments on your home based on term of your mortgage, interest rate, and mortgage loan amount. It is a very helpful site especially if you are working on a budget and you want to understand the math behind this big decision. 

The site also features graphs of loan repayment along with monthly and yearly amortization tables. It also has information about the UK mortgage market and some explainers about loans. You can also download a printable schedule which is very helpful especially if you want to track your mortgage payments. 

So yup, if you’re looking for a sign to purchase your own home, this is it! I promise it’s gonna be worth it! 🙂

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Call me Shai, your modern multihyphenate bbgirl. I post all my little stories, discoveries and life tips here so yeah, hope you enjoy my randomness!


Established in 2016, Wander with Me is a lifestyle blog that talks about everything that is interesting and relevant.


It has been my outlet for sharing latest trends in food, fashion, consumer products, personal thoughts and others.


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