The 4 Perks of Owning a Home!

In the short term, renting may seem like the best option, but here the perks that owning your own home can create real value for you over time. Buying a home is a great achievement. While it may sometimes seem challenging, the many benefits that come with owning your own home make it all worthwhile.

1. Not Paying the Landlord’s Mortgage

Most repayments include principal as well as interest, which means you’re putting some money towards owning more of your home. While renting seems to be cheaper, you won’t get any of that value back in the future. While it might not always feel like it, your mortgage repayments are a way of saving money. When you’re deciding whether to continue renting or to buy a home, there’s a lot to weigh up. If you decide that buying a home is the best choice for you, Call Lino Arci at 416-571-2724 (ARCI) to discuss our VIP Buyer Programs. We can help!

2. Freedom to Personalize

Landlords aren’t usually happy for tenants to renovate their property, even if you think you’d be improving it. When you own your own home, you have complete creative freedom – you can decide to completely renovate the bathroom in a jungle theme or paint the walls in super bright colours without worrying. Home improvements generally increase the value of a property, so if it is your place, when you sell, every dollar that your home has gained in value (thanks to your hard work) will be money in your own pocket!

3. Potential Investment

When you’re renting, your landlord can decide to increase your rent, leaving you with little choice but to accept it or get hit with moving costs. While home ownership comes with different expenses, like mortgage repayments and rates, these aren’t likely to rise by large amounts unexpectedly.

4. Place of Belonging

When you own your own home, you can sleep sound in the knowledge that you call the shots. That’s priceless. 

Looking for the perfect family home in Vaughan? Get in touch—we know the local market, inside and out!