So Is Buying A Home Really Worth It?
Short answer....YES!! Home ownership can be extremely rewarding emotionally and financially and majority of Canadians own a home. Actually, we have one of the highest home ownership rates in the world! We take pride in calling ourselves home owners and once you've lived in the home for an extended period of time, it can become a great financial asset with all that equity sitting in your home. This doesn't mean it's for everyone though and here is why...
Is Home Ownership For You?
When considering buying a home, you really need to look at the dynamic of your situation and consider some of the following
- Do you have a stable income?
- Do you have enough for a down-payment
- Can you manage ongoing maintenance
- Does my job require me to be travel or move a lot
These are just a handful of questions to ask yourself. When purchasing a home, it is a big financial commitment and if not properly planned or looked after, it can become a financial burden for some. On the flipside, there are many positives to home ownership!
Why Is Home Ownership Good?
Home ownership can be one of the best decisions you make, not just for yourself but for your family and financial security in the future. Lets take a look at why
- Building wealth
- Sense of belonging
- Can aid in children upbringing having a stable and loving home
- Personalization of the home
- Aid in retirement plans
and so much more. You see, when buying a home you really need to make sure this is right for you. Some individuals may be better off renting a home, and there is nothing wrong with that! In general, home ownership can greatly outweigh the cons.
How Do I Start?
If you think home ownership is for you, we have a free buyers guide we can email you that describes the process, literally step by step. Just contact us and write "Free Buyers Guide" in the message box and will be happy to send that over!