This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies. More information

CHRISTINE MONCKTON
Sales Representative, B.Comm

Keller Williams Real Estate Associates, Brokerage

office:289-642-2655
cell:(416) 420-6662
fax:905-812-8155
Visit me on LinkedIn
Visit me on Facebook
Follow me on Twitter
My videos on YouTube
Visit  blog
About Christine
Search For Property
Looking To Buy
Looking To Sell
Information Center
Important Resources
Client Reports
Toronto Real Estate MLS Market Watch Reports

 

RENTING VS. BUYING, WHICH IS BETTER?

 

One thing is for sure; we all know that we need a roof over our head. In most people’s case they end up having to pay either Rent for this roof or a Mortgage payment, unless of course you have a rich family that can offer you FREE or Reduced Rent. The point is, we ALL have to pay for a roof over our heads.
 
 
Real Estate has always been considered a Long-Term Investment. The real question you need to ask yourself; do I really want to pay RENT for the rest of my life? Generally, a home makes financial sense if you are going to live in it for at least three, four, or preferably five years. When you buy you need to take into consideration the costs involved in buying and selling a home, from appraisal fees and home inspection to real estate commissions, all must be taken into consideration.
 
 
When people lose money in the real estate market it is usually because they did not own it long enough, they sold to quickly. This usually means within the first 3 years of the purchase. You cannot depend on making any real profit in real estate in the first 3 years. In fact, the market may fall after you buy your home. However, also keep in mind; the longer you own your property, history has shown us, you can be sure it will have increased in value when you come to sell.
 
 
Real estate has proven to be one of the most stable long-term investments there is. It is your guarantee of retirement security. Overall, it is far better to own your own home than rent. Not only for the pride of ownership but because it is your only long-term hedge against inflation. With rental rates increase constantly, there is no guarantee you will be able to afford them as the years go by.
 
adminlistingsprivacy policycontactsite map
Keller Williams Real Estate Associates, Brokerage
521 Main Street South
Glen Williams, Ontario
L7G T1
Copyright © 2002-2018. All rights reserved.
Marketing for Real Estate Professionals by Lone Wolf Technologies.
Lone Wolf Technologies