What are the Homeownership Benefits that can be felt? As we know that having your own home is the dream for many people. By owning a place to live, life feels more comfortable and calm. However, owning a house without ownership of the house is useless, because your house is ready to disappear at any time.
To get ownership rights to this house you must have a certificate showing if you are the original owner of the house. Therefore, don’t ever want to buy a house or property that does not have a ownership certificate.
It could be that the property is problematic or even illegal. Even though it’s only like a thin book, a certificate of home ownership offers many benefits for you as the owner. What are the homeownership benefits? Check it out below!
Lifetime Validity
The benefit of getting your first home is that it lasts for life. It can be said that the certificate of ownership of the house has an unlimited period of time. Ownership continues as long as you as the owner are alive. It’s different if you have sold the house, home ownership can be taken over.
Inheritable
You can also pass on ownership of the house from generation to generation according to applicable laws. For example, if you want to pass on the ownership of the house to your children and grandchildren, you can do that as long as the letter or certificate of ownership is not lost. Later, the children and grandchildren will save the certificate of ownership of the house and then replace it with their name.
Can be mortgaged
Do you need additional funds? It’s easy, with only a certificate of ownership of the house you can get a large amount of capital according to the price of the house you own. The greater the value of your home, the more funds you can get. Home ownership certificates are securities of high value. Without the house certificate you cannot show if you are the owner of the house.
Resellable
If you have obtained a letter or certificate of home ownership, you can re-sell it. Indeed, selling a house or property is difficult and the process is not fast. It’s just that if your house is strategic and has more value than other properties, the house can sell quickly. Interestingly, house prices increase every year and don’t get stuck so you can get many benefit from selling the house.
Long Term Assets
Homes can be long term assets. The longer the price of the house can be more expensive, that’s when you can make the house a valuable and long-term asset. As long as you have the certificate of ownership, you can still make the house your profitable asset.
Legal Ownership
Obtaining a valid home ownership certificate can be the strongest evidence if at any time a problem occurs with your home. Holders of property rights certificates can manage the land and houses they occupy indefinitely. This is very different from building use rights, which have a limited validity period. With a land certificate, the legality of your house is guaranteed.
Higher Selling Value
By getting home ownership and the quality of house is good, you can get benefit from a higher selling price. Homes that have clear proof of ownership have a hefty influence on selling prices. Buyers can feel more at ease when the ownership status of the house is clearly legal.
Even though you already have a building use right, you as a home owner have to incur additional costs to convert it into a certificate of ownership. With the certificate of ownership, you have full authority.
The Risks of Not Having Home Ownership Certificate
Then what are the risks of not owning a home? There are lots of risks that can be obtained. It is not surprising that people who do not have a home ownership document immediately apply for a home ownership certificate. The first risk is that you don’t have a strong proof that the house is yours. If later there is a problem with the house, there will be no authentic evidence.
The next risk is causing disputes that lead to foreclosure and even destruction of the house. This has often happened in several cases. Of course, this dispute causes you to experience substantial material losses.
Those of you who want to buy a house, don’t ever want to buy if the signs of home ownership are not strong because it causes unexpected conflicts in the future.
Well now you already know Homeownership benefits. Given that the sign or proof of ownership is important, you must protect it and store it in a safe place, so don’t let it fall into the other hands because ownership can be easily taken over.
