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Buying your own home: What are the benefits of securing property?

By James Brown

When it comes to major life decisions, buying your first home is right up there. This is a huge commitment of money and time into one of the largest assets you're likely to own, so it makes sense to be a little wary of the details before committing to any one option.

There are a number of benefits that come from owning your own slice of Caboolture real estate. For one, the sense of freedom when compared to renting is a large step up. While you're a tenant, there are certain restrictions on what you can and can't do in the property.

However, as the owner of a property, the world is your oyster. Hanging picture hooks up, repainting the walls, adding on a deck – you can finally make your house the home you've always wanted. 

Furthermore, the financial security is another thing to keep in mind. As you make repayments on your home, you're simultaneously building up a huge economic reserve known as equity. Home equity can often be accessed at a later date – giving you the chance to use your home as a source of finance for future endeavours. 

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