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Posted at 10:56 am in News

However, it serves for example so that you know other options when purchasing a home.The case that I want to tell is of a housing cooperative called horizon, located in the city of Cordoba, Argentina, which, through a system of accessible payment and a process of construction and accountability transparent and efficient accounts, gives the possibility of home ownership to families and people’s income medium and low.Requirements for admission are not needed in this system and each entrant is considered a partner, since this is not a company but a cooperative.The monthly contribution is chosen by the partner, paying a mandatory minimum in administrative charges. The rest of contribution is for housing. The minimum is around 50 and 70 pesos and estimated that with a contribution of 900 pesos partner could pay off your House in 10 years approximately. But a big advantage is that the partner can award your home without having fully paid. The possibility of awarding starts from that partner meets 3 years of contributions and has a 40% of housing pays. I.e., for approximate example, with 5 or 6 years contribute 600 pesos a month would have the possibility to allocate its housing. These calculations, and previous, are obtained with the price of an economic House, with the ground smaller and smaller surface built, whose current value is 104,000 Argentine pesos.The cooperative provides various types of housing, land and materials to choose, all this will depend on the value of the House that we will pay.A very important fact: the payment of housing is percentage, with what we covered the inflation which today strikes the Argentina. This means that everytime I make a monthly payment I am adding cancelled percentage of House, so that if the 1 year cancel 10% of housing and year 2 I don’t make any contribution, to year 3 I will continue taking 10% of the House canceled, in a manner such that inflation will not affected my way to complete the final total amount.Again, this cooperative only this in Cordoba but serves as example for which your look for a similar alternative in your city/region where you live. Note also that the cooperative brings more than 28 years providing its services and every month delivering houses. So don’t forget to analyze the experience and reliability of the company before you embark on this project. I want my house original author and source of the article.

Written by admin on January 22nd, 2014

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