Renting vs. Home Ownership

This is a very important decision which many people face, and the decision is not easy to make as it sounds.

 

As a home owner, 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 lower living expenses and the opportunity to invest in other opportunities.

 

When comparing owning to renting, you have to add up all 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 on rent.

 

 

Of course, you also have to place value on enjoyment and satisfaction that you will derive from owning your own home.

 

 

Tired of Renting?...You've made a decision to purchase a home...Fantastic!...Call me today and lets talk about your dream home... 

Brian Bevington

Brian Bevington

Sales Representative
CENTURY 21 Wenda Allen Ltd., Brokerage*
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