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Listening to the press can deter anyone from making the move to purchase a house or property. Most successful people see this as an opportunity whiles other focus on the negative.
Here are SEVEN great reasons why!
1. Interest rates - I remember when I bought my first home in Toronto and the rates were double what they are today.
2. Building the nest egg - Homes continue to appreciate 4 to 6% per year. In Grey and Bruce County we have seen increases of 10% to 12% some years.
3. Home Ownership builds wealth as you control most of it and gives you a warm place to live. Not like the wonderful stock market.
4. Home Ownership brings a better quality of life. Home owners tend to socialize more than renters. They also get outside more to work and play in their yards.
5. No more asking the landlord. Can we paint? Can we put a garden in? The windows is broken, can it be fixed. You can personalize your own space as you wish.
6. Money back. With the retrofit programs, who else gives you money to fix your home?
7. How often do you have to move? Often renters move one every 2 years if not more. Most renters are stuck with the same beige walls and beige carpet that has been standard apartment decor for 20 years.
Homeownership can be a thrill. It's time to get off the couch and into a home that is right for you!
Great article Kim. In our area of Orangeville, many of the rents run more than a mortgage payment of an entry level home. It's time people start creating their own nest egg and not contributing any more to their landlords!
Thanks for the positive article on Home Ownership Kim. It's always refreshing to read some good news, especially in this doom and gloom economy. These are great points!
Always remember a Real Estate Agent should ensure that both the buyer and seller have the most recent and accurate information.
At Hillside Realty our mandate as professionals – pledge to work hard, be ethical and provide our clients with the most up to date and correct information that we have in our resources that is not readily available to the general public.
Great article, Kim! With interest rates being the way they are, it's a great time to buy and have a place to call your own.