Posted by: islamicfinancingnews | May 1, 2012

Islamic mortgages can help you finance a home and improve property value

It’s important to understand the fundamentals of Islamic finance including Islamic mortgages when you’re ready for home ownership so it’s useful to have a basic knowledge of what to look for when choosing the right home.

When first time buyers begin house hunting, they are often overwhelmed with the size, layout and decorative features many homes offer like a large kitchen with modern appliances, a finished recreation room or an extra bedroom or bathroom. Keep in mind that property value is a significant consideration. For example, a house situated in a prime location with convenient access to schools, shopping, transportation routes and development potential will increase its demand in the marketplace and sell more quickly when the time is right. However, a surplus of similar houses for sale in the same area simultaneously could lower the price of your home.

There are some things you can do to help increase the property value during your tenure as a homeowner. Exterior improvements that include landscaping, painting or reshingling the roof can make your property more attractive, while fencing your backyard and planting shrubs, hedges or trees will make your outdoor living space more private and secure and add value to any home.

Common sense will help home buyers in their selection method just as securing the right Islamic mortgages will help practicing Muslims with the Islamic finance process.







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