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Renting vs. Home Ownership

This is a decision which many people face, and the decision is not as easy to make as it may sound.

As a homeowner, 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 of 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.

Still not sure? I offer an in home buyer's consultation.  During this no pressure meeting , you will learn everything there is to know about the buying process and whether or not home ownership is for you.

Tired of Renting or just want to know more?

Please complete the form below.  You will receive a response promptly! 

 

We only collect personal information necessary to effectively market and sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers.  We do not sell, trade, transfer, rent or exchange your personal information with anyone.

Carol Borg
carol@carolborg.com

iPro Realty Ltd.
Brokerage

304 Danforth Ave unit C, Toronto, ON M4K 1N6

Phone: 416-364-2036  Fax: 416-422-4192  Mobile: 416-566-5986
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