Posted by: islamicfinancingnews | June 6, 2013

New Home or Resale Home – Let Islamic Loans Help You Decide

islam21 There are so many things to consider when you start out looking for a home to purchase with the help of Islamic loans free from Riba. Purchasing a brand new home from a builder, or a resale home that has been previously owned and occupied is just one of the choices you may have to make with each type of dwelling offering its own unique advantages.

For example, many new homes have the latest features and are made from the best building materials on the market. Since everything is “new” these homes should have lower maintenance costs because many items, such as plumbing or heating systems, are covered by a builder’s warranty for a certain period of time. Future neighborhood amenities including sites for schools and shopping are often part of the development concept in the area where new homes are being constructed.

Resale homes can offer plenty of sought-after features as well such as finished basements, outdoor pools, fenced yards and landscaped properties. Access to existing schools, shopping and greenspaces are part of the appeal of the different types of previously owned homes in established neighborhoods.

When you consider all the choices you have when it comes to buying the right family home, applying for Sharia compliant Islamic mortgages can give you the peace of mind you need by ensuring your spiritual values are protected under this type of financial umbrella.

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