Real estate is considered an inflation-resistant investment. It not only provides you with a tangible incentive to save, but also ensures your future.
In addition, here are some further reasons for buying a home:
With proper upkeep, the price of a home increases.
Over time you'll make payments towards the mortgage. In addition, the price of your home will rise. The difference between what's owing on your home versus the value is your equity. You've earned this valuable commodity. When you rent, you will never gain equity because you are not the owner.
When you own your own home, you can decorate and personalize for your lifestyle and needs. You're free to spend more money on decorations and furniture because you'll be there long enough to get the long-range economic enjoyment out of it. You are free to entertain whomever you wish, and are not restricted to the whims of a landlord.
Homeowners often live in cleaner, quieter and less crowded neighbourhoods than apartment dwellers.
More credit options
Homeowners frequetnly have more and easier credit opportunities available to them than do non-homeowners.The equity you've built in your home can be used as collateral for renovations, education, or to trade up to a larger home.
As your principal residence, when you sell your home, any rise in price is tax free. When you rent, there is no tax advantage.
When it comes to your future, a professional realtor is the best investment you can make. Carl has the expertise, knowledge and commitment to ensure that the home you purchase meets your needs, now and in the future.
Over the phone or in person? Carl will review the entire process with you.