The Benefits of Home Ownership

The Benefits of Home Ownership

Appreciation

Home values have a well documented history of going up over time. This increase becomes equity you can benefit from when you refinance or sell.

Equity

Renting has often been compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes toward the principal balance on your loan. This builds your equity and acts as a savings account. 

Roots

People who own rather than rent stay in their homes four times longer. This provides an opportunity to get to know your neighbours and connect with your local community.

Education

Research shows children of homeowners earn higher test scores and graduate at a higher percentage than those of renters.

Happiness

The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a dog, or plant a tree if you want. Doesn't that sound exciting! View some great tips to make it your own here.

Tax Savings

The government rewards homeowners by providing excellent tax benefits. The interest paid on your mortgage and other home-related expenses can generally be deducted from your income.

Contact me now if you would like to experience the benefits of home ownership.