Century Homes
Feb 03, 2023 08:58
Please visit our new office in the center opposite the post office, 4. Rafael Mihaylov str. !
» The Weather in Bulgaria will be Sunny and Warm for the Season
» In 2 years 200,000 Bulgarians came back to living in Villages
» Record housing market prices in Bulgaria and still going up
» Bansko wins 2021 Best Round-the-Year Destination award
» Caretaker ministers boast of economic growth and record growth in tax collection
» ll News...
Newsletters Sign-up
I agree with Privacy Policy, Terms & Conditions and General Conditions
» "Tsarevets" Fortress named tourist landmark of 2022
» 5 Reasons Why Buying Your Own House is the Best Gift You Can Give Yourself This Christmas
» 14th edition of the traditional Mindya Rock Fest
» ll News...

Why You Need to Buy a House Before a Car
Font size:  A  A  A
Once you start working and saving, one of the biggest decisions you can make is what will you invest in first: your first home or a car? Investing in both is a good idea but generally not at the same time since they are not inexpensive.

Real estate appreciates, cars depreciate

Whether you buy a house or a condo, one thing is guaranteed when you invest in real estate: its value will increase over time. This means, you can buy a cheap real estate now and within a few years, you can sell it at a higher price than what you shelled out. Not only will you have made a profit but you will have gotten back the money you used to invest in it.
Profit over time and price appreciation for real estate still depends on the market you invested in but since real estate is always in demand, their value only increases.
Appreciation is not possible when you buy a car, no matter what brand you buy. Since the moment you leave the car dealers lot, the value of the car already depreciates. Over time, the car price will continue to lower since new cars are released into the market and older models are sold at a cheaper value.

Length of loan payment

Cars have shorter loan payment terms compared to real estate with it generally ranging from two years up to seven years. Extension after that is not possible although this still depends on where you will get your car loan.
On the other hand, when you get a loan to buy your own home, the loan terms can reach up to 30 years. However, its better if you can pay for your house in a shorter span of time since it will free you to invest in other real estate properties to increase your investment portfolio.


When you buy real estate, you have the opportunity to make money from properties by renting it. Its passive income that increases your monthly cash flow and secures your financial standing. Additionally, you can even use the profit you earn from it to pay for your mortgage.
Passive income when you buy a car is not possible. If you want to profit from a car, one of the possible options is by using it to drive people around. However, this means you have to spend time and effort to do so unlike in real estate where you just find a renter and profits come in monthly.

Choose the right home for you

When you are ready to invest in a home, make sure you do thorough research to find the right property for you. Additionally, whether you buy a house or a condo, consider the factors above so youre guaranteeing that youre investing wisely.
Wednesday, Jun 15, 2022
User: Guest
» Login » Register

EXCLUSIVE! Detached rural house set in the village of Belyakovets, just 3 km from Veliko Tarnovo
House € 80 000
Location: Veliko Tarnovo

ffice space for rent located in the top centre of Veliko Tarnovo
Office Space € 130
Location: Veliko Tarnovo

Privacy Policy  |  Terms & Conditions  |  General Conditions
© 2023 ch-eu.com. All rights reserved.