Reasons, Why Stop Renting Start Owning, Is Best for Aged People
In today’s world, it is very hard to cope with the current situations. The youngsters are facing crisis so think how much difficult it will be for the old people to handle everything. But they don’t lose hope and courage; they fight till the end. They are always trying their best to overcome the difficulties on their own and not be dependent on others.
For this purpose, the option of stop renting start owning is the best. One reason is that if they want they can just stay in the house as tenants but they can continue with the original plan and buy the house through installment plan of renting to owning.
Problems in the Old Age
Have you ever thought why do old people continuously complain about the situation of the current world? It is because they face a lot of problems that are the result of the attitude towards them. There are many who portray a positive attitude towards them but others differ in opinion. This creates many problems for them to face.
Age Discrimination
A very crucial difficulty that old people face is not getting a job these days. The companies now prefer to have younger people working. The young have less experience so the businesses have to pay accordingly. But the old people have more knowledge and exposure so their demand is subsequently.
Treating them wrong
Nothing hurts more than being treated wrongly. There have been reports of violent abuse towards elderly people, especially at home. They have been treated very badly and sadly by their own loved ones. It is a really sad dilemma that the elders are sometimes beaten up by their own children just because of some small dispute.
Not Enough Opportunities
As discussed above that the elders are treated with discrimination that is the reason that they don’t get the opportunities that other people receive. So it creates many difficulties for the elders and especially to live a peaceful life.
Financial Difficulties
The money problems are faced by all but the most affected of all is old people. The government and private organizations are working together or individually to help the elders with their problems especially the financial ones. But certain circumstances develop in which they are deprived of or spend all of the money at once.
Socially Isolated
Sending the elders to old homes or special places to get rid of their responsibilities is becoming very common. They are being socially isolated which is creating health hazards in them like; depression, insomnia and deteriorating health which can lead to suicide.
No Place to Live
When the children misbehave with their parents and especially elders then they leave their homes. Some of them go to old and shelter homes but others stay on the streets and have where to go.
Stop renting start owning is best
If the elderly want to avoid the problems that are mentioned above then they have to have a house of their own. The best option is to buy rent to own homes because it gives many advantages to them. Stop Renting Perth is a company that supports elders to buy a house.
An Interrupted Reason of Income
Once you have bought the house rented previously; you can use it as a guarantee for the loan. If the house has a higher market value then it can earn a good credit score. This can be used to apply for a loan because lenders and especially banks require a good score to make the loan application mature.
No Rent No Worry
Paying rent means that you must have a good source of income. This can become a problem because the rent constantly increases as per the market rate. The owner of a good house purchased doesn’t have to worry about paying the rent.
Property for your Family
There are many old people who because of their self-respect leave the house they are living in. They then live in a rented house but when they buy the same house; it becomes a property that the elders can give to their children.
Put it up for Rent
The house which has a lot of rooms can be put up for rent. This can be a regular income which can be saved for future plans. The amount is used for maintenance of the house or to renovate it so that the value of the house can rise.
You are the Owner
You can proudly save that the house you are living in is yours. This will raise your respect in the community and in the eyes of your family and friends. You don’t have to live in any shelter or old homes; you have your own house all to yourself. You also have the freedom to do anything with the house.
Fixed Installment Payment
A good thing with stop renting start owning is that you have to pay fixed installment in a specific period of time. After the period has expired and the payment is paid in full then you have the legal ownership of the house.