My home is my …
Housing can be a very important part of day-to-day life – after all it’s where we retreat after the day’s activities, perhaps cooking a meal or sharing time with loved ones.
Detached homes seem to be a firm favourite in Europe, with the ING International Survey on Homes and Mortgages 2013 also finding that of 12,000 people surveyed, the majority would prefer to live in a detached house.
Our infographic lays out some of the other aspects respondents wish for in their dream home, including not being out of financial reach and having easy access to good public transport.
Dreams are free
As eZonomics blogged for the Urban Times, one of the things about dreams is that they don’t have to be tied to reality. And the same is true about dream homes hopes – “we are free to dream”.
And many of us are using our imaginations when thinking about where we want to live, with only 27% in the ING survey in Europe live in the type of housing they would ideally like to enjoy.
Making it a reality
Whether a person rents a home or buys one will depend on their circumstances, wants and needs. As this Be Good at Money video says, there’s no single answer that’s right for everyone.
It tells that the plus sides of owning include the owners being able to can decorate and renovate their property just the way they like it, “if your property value increases, so does your wealth” and in some countries home ownership has tax advantages. The downsides might include expensive legal fees and property taxes, difficulty moving to get a job in another location and the risk that house prices fall.
Six tips for mortgagors suggests being wise to the risks to over borrowing and scrutinising fees, while this poll about loan-to-value mortgage measures explains calculations that apply to mortgage loans.