Posted by: islamicfinancingnews | May 24, 2014

Selecting the right rural property with your islamic home loans

Looking for properties after you’ve got Islamic mortgage loans in place can be one of the more interesting and exciting aspects of home ownership. You can even take the money that you got through Islamic home loans to buy a rural property outside the city limits, but there are some special considerations here that you’ll need to take into account.

Here’s a few of those things:

• Drainage: Although the particular slope of the land where you want to build a house or buy an existing one might be beautiful to look at, it’s important to make sure home ventilationthat the rainwater and melting snow runs away from the structure and not towards it. While you can change the drainage around the foundation of the house by building up a little earth so runoff moves away, if you’ve decided to buy in a valley you’re going to be experiencing some problems due to the nature of the geography.
• Utilities: It’s nice to have some space between you and your neighbors but you want to make sure that the utility companies in the area you’re thinking of buying have the right hookups for power and, where applicable, sewers.

Wherever you decide to buy it’s good to know that islamic mortgage loans can help to keep you Sharia compliant.

 


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