Got Islamic home financing? Now the real work startsOctober 27, 2015 at 11:15 pm
Islamic home financing is all about getting your foot in the door when it comes to home ownership. Of course islamic home loans are there when you need to be sure you’re dealing with a product that can help you stay Sharia compliant, but there are many other things that you need to master as a new home owner. Following are a few of the things that will make a difference.
- New bills. Islamic home financing will not prepare you for the new bills that you’ll need to pay. There will be utilities and property taxes as well as repairs and maintenance that will need to be covered. Setting some money aside to cover these costs is one of the adjustments that first time home buyers might not have counted on at first.
- Islamic home financing doesn’t get you ready to watch the market either. You need to pay special attention to the ups and downs of the market as you move through the home ownership journey. Deciding on when to sell and buy depends on understanding the markets and their fluctuations.
Islamic home financing is the starting point on a journey that evolves with every year that you own a house.