Posted by: islamicfinancingnews | December 12, 2013

Location is as important as your Islamic loans

Getting Islamic loans ensures you’ll be able to avoid riba but you need to be sure you’re selecting s home in a good location too. Here’s a few tips you can use to narrow down all the choices you have.

  1. Transportation. Buses and if you’re looking in a bigger location, subways and streetcars are important. If you can find a place that has these amenities or plans to have them in the near future, all the better for your resell plans. However, if you want to live in the rural area, this generally houseisn’t one of the amenities you’ll be looking for.
  2. Utilities. Newer subdivisions will have the water, heat and hydro covered. Most of the older homes in the city will have these features too but if you plan on living in the country, you might need to look at the needs for a well and a septic system. These could add to the cost of your Islamic finance and you’ll need to understand how to have the facilities checked if they already exist on the property to make sure they don’t compromise your family’s health.

Having a practical eye is good when you’re looking for a home and that means taking into account all aspects of the location.


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