Your ijara financing and resale value

Getting that ijara loan is only the first step that you need to take to be successful when it comes to real estate. While it is true that Ijara financing is the best way to stay Sharia compliant, you need to understand there’s a lot more to owning a home than just paying the mortgage. In fact, one of the biggest responsibilities you’ll have as a home owner is about making sure that you look after your equity and by proxy the resale value that entails.

That said, here’s a few hints on protecting and increasing your resale value that work hand in hand with ijara financing.

• Maintenance is important. It’s always a good idea to keep things thing up even when you’re not planning on moving and that becomes even more important when you finally decide to put that For Sale sign on the front lawn. Any real estate agent will tell you that a fresh coat of paint goes a long way to making a room look refreshed and new. And of course a home that has newer windows and a roof that has shingles that are in good shape will sell faster than a place where the owners have let things go.
• Renovations help when you plan carefully. As far as ijara financing and renovations go, the experts will tell you that fixing up the washroom or kitchen is an excellent idea but you need to be careful about sinking too much of your hard-earned money into some other rooms in your house. The amount of money that you spend on any renovation should be tied to the value of the room that you are going to remodel.

Protecting your equity and resale value is one of the prerequisites for understanding how ijara financing works. There’s a lot to learn when you use ijara loans to buy a home. Making sure that you’re keeping abreast of all the latest innovations and upgrades is a positive move.

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