Buying a Property Gives Us Security – Even with a Loan

In today’s uncertain world people are looking for stability and long-term security, and one of the best ways to achieve that is by buying your own home. Often, when people consider purchasing a property with a mortgage, they are held back by fears – whether they will manage to pay off the loan, whether it will strain them financially and whether it’s really the right decision.

The truth is that owning a home brings far more advantages than risks. In many cases the monthly loan instalment can even be lower than the rent you would pay for a similar property!

A loan can be more beneficial than paying rent

Many people are afraid to take out a mortgage, but in reality spreading the loan over 25–30 years makes the monthly instalments significantly lower. In quite a few cases they may even be lower than the rent for the same type of property.

This means that instead of paying rent every month and sending that money to a landlord, you invest in your own future and build an asset that remains for you and your family.

Example:
If you pay 800 BGN per month to rent a one-bedroom apartment, when buying with a mortgage your monthly instalment for a similar property could be around 700–750 BGN.

With every instalment you reduce the principal on the loan, instead of simply losing money on rent.

Your property can generate passive income

One of the biggest differences between owning and renting is the opportunity to earn from the property. If for any reason you don’t want to live in it, you can always rent it out and let it pay for itself.

• Long-term rent – if you don’t use the property, renting it long-term can cover the mortgage instalments and in some cases even bring profit.
• Short-term rent – via platforms like Airbnb and Booking, rental income can be even higher, especially if the property is in a sought-after area.

In other words, even if you’re not living in it, your home can become a self-financing asset.

The property increases in value over time

Real estate is one of the few asset classes that almost always appreciates in value over time. This means that while your monthly instalment remains the same, the market value of your property is rising.

• Just 1–2 years after the purchase, if you decide to sell, there is a good chance you’ll make a solid profit thanks to market growth.
• In the long term, the gain can be double or even triple compared to your initial investment.
• If you have bought in an area with developing infrastructure, the price of the property can rise even faster.

Buying a home gives us security and peace of mind

Your own home is not just a place to live – it brings emotional and financial stability. There’s no more uncertainty about whether the landlord will decide to sell the apartment or increase the rent. You are the owner of your space and you can renovate, redesign and furnish it exactly as you like.

Protection in times of financial difficulty

One of the biggest concerns for people taking a mortgage is: “What if I get sick or lose my job?” This is where loan insurance comes in – in many cases it covers the instalments in certain adverse situations, such as:

• Temporary or permanent incapacity to work;
• Job loss;
• Severe illnesses.

This means that even in periods of financial stress, the bank will not immediately pressure you for payments and you will have time to regain stability.

Working with a good real estate broker makes all the difference

To get the best possible deal, it’s important to work with an experienced real estate broker. They will help you find the most advantageous offers, guide you to the right neighbourhoods and protect you from hidden risks on the market.

What are the benefits of a good broker?

• Saves you time and effort – they search and filter the best offers for you;
• Helps you choose the right property – advises you what is likely to rise most in value;
• Negotiates on your behalf – can secure better purchase conditions;
• Knows all the details of the transaction – makes the process easier and safer.

Buying a property – an investment in your future

Buying a home with a loan is not a burden – it’s an investment in your future. Instead of paying rent to someone else, you pay for your own home. The instalment is often lower than the rent, and over time your property grows in value while the loan remains fixed. Even in financial difficulties, the insurance attached to the loan can provide an additional layer of protection.

To make the best possible deal, trust an experienced real estate broker who will help you find the right home and invest wisely.

Security and stability often begin with owning your own home – make the first step today!