Rent a home, or buy one?
The first consideration is always financial, of course. Which option can you afford? Beyond that are advantages to living in a home that you own, as opposed to a home that belongs to somebody else, advantages that sometimes are overlooked.
You can build equity.
You can control the “rent.”
If you have a fixed-rate mortgage, you know what your payments will be for as long as you have the mortgage.
You can paint or do renovations without asking for permission.
And of course, the big one…if you sell the home and make a profit, it’s tax-free!
Like to know more about renting or buying? Call Jennifer (604-726-8768) or Dale (604-922-3353) any time.