Office (Re/Max): (905) 476-4111
Cell Phone: (289) 221-2112
Mortgage Agent - Lic. #10409
Fax Machine: 1 (905) 656-6560
A lot of people ask themselves this question. What are the benefits to owning a home vs renting one?
As a homeowner, you
can reasonably expect the equity in your home to increase over time as your
mortgage is paid down. That, combined with regular appreciation in property
values, can be a rapid and rewarding way to increase your net worth. In
contrast, the person renting over the same amount of time is left with no
property investment but may have enjoyed some slightly lower living expenses.
When comparing owning
to renting, you have to add up all of the figures, including the cost of your
home, the size of your down payment, utilities, immediate repairs, interest
rates and insurance, and compare them with how much you are currently spending
Of course, you also
have to place a value on the enjoyment and satisfaction that you will derive
from owning your own home.
Still can't decide? Try giving Diana a call, and she can help you decide what's right for you.