Are you currently renting and thinking about joining the ranks of homeowners? You should know that in addition to providing numerous financial benefits, buying a house will also help you improve the quality of your life.
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Are you currently renting and thinking about joining the ranks of homeowners? You should know that in addition to providing numerous financial benefits, buying a house will also help you improve the quality of your life. When you become a homeowner, your whole family benefits from a stable environment that matches your lifestyle. Besides providing privacy and sound financial management, becoming a homeowner also translates into more freedom, a strong feeling of pride and peace of mind. A worthwhile investment!Here is an idea of some of the main advantages. A well-adapted home Building capital |
A profitable investment
Across Canada, the value of real estate investments have greatly increased in value over the past ten years. In Greater Montréal, the average price of property has doubled in the same decade. This means that the average price of a family residence costing $107,000 in 1996, cost $216,000 in 2006. This 102% growth translates into a 7.3% appreciation per year.
Taking advantage of fixed payments
Tired of rent increases? Unlike tenants who must deal with these fluctuations, as a homeowner, you can enjoy fixed payments for many years and, depending on the type of mortgage you choose, protect yourself against possible interest rate increases.
A new lifestyle
Unleash your creativity and decorate your house as you wish, without worrying about the restrictions that are imposed on tenants. Any significant amounts invested in decor or renovation projects will be beneficial to you, and no one else. Moreover, nobody will make you leave your home, or can enter uninvited for inspection or maintenance.
