The benefits of Home Ownership are many - and with interest rates at amazingly low levels today - the joys of Home Ownership may be closer than you think!
Appreciation:
Home values tend to appreciate over time. This increase becomes equity you can benefit from when you re-finance or sell.
Equity:
Renting has often been reffered to as paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes toward the principle balance of your loan. This builds your equity and acts as a savings account
Freedom to Make It Your Own:
Experience the joy of making your own repairs, upgrades & renovations - to ensure your space is a reflection of you.
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!
Build Wealth:
The sale of a principal residence, in the right location and at the right price, can certainly provide enough to boost, if not fully fund, your retirement and /or provide wealth to the next generation.
Put Down Roots:
People who own rather then rent stay in their homes 4 times longer. This provides an opportunity to get to know your neighbors and connect with your local community.
Check out our mortgage calculator HERE and get started planning today!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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