Oct 16, 2017 
 Sheila Fennell
 Broker
(cell) 416 986 1011

sheila@sellingdurham.ca

RE/MAX First Realty Ltd.,
Brokerage 
Independently owned & operated

 304 Brock St. South, 
 2nd Floor Whitby, Ontario 
 L1N 4K4

 

 Toll Free: (877) 520-3700

 

 Selling Durham
Helping you make the move in Pickering, Ajax, Whitby & Oshawa!

Renting vs. Home Ownership

This is a decision which many people face, and the decision is not as easy to make as it may sound.

As a homeowner, you can reasonably expect the equity in your home to increase over time as your mortgage is paid down. That, combined with regular appreciation in property values, can be a rapid and rewarding way to increase your net worth. In contrast, the person renting over the same amount of time is left with no property investment but may have enjoyed lower living expenses and the opportunity to invest in other opportunities.

When comparing owning to renting, you have to add up all of the figures, including the cost of your home, the size of your down payment, utilities, immediate repairs, interest rates and insurance, and compare them with how much you are currently spending on rent.

Of course, you also have to place a value on the enjoyment and satisfaction that you will derive from owning your own home.

Tired of Renting?

Please complete the form below to have begin the process of finding your new home.  You will receive a response promptly! 

We only collect personal information necessary to effectively market and sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers.  We do not sell, trade, transfer, rent or exchange your personal information with anyone.
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