The advantages of home ownership
The advantages of home ownership are many and a fair number of tenants are unaware of them. The upsides are numerous and real. You will be convinced when you put your project in perspective. You should surround yourself with mortgage professional to insure that your adventure is a profitable one as embarking on any long term commitments should be carefully thought out.
- As a homeowner, you will no longer have the expense of a monthly rent paid in vain to a third party. Instead, through your mortgage you will invest in a property and a portion of your payments will go towards your equity. Thus once your loan is reimbursed, you will enjoy the peace of mind of owning your own property.
- If you are a tenant or an absentee home owner, you could take advantage of the House Buyers Plan (HBP), a federal government program which allows all admissible individuals to withdraw up to $20 000 from their RESP tax free in order to purchase a home. You can take advantage of this program more than once by following the conditions and if you have totally paid back your previous withdrawal.
- As a real estate owner, you can benefit from an investment that grows year after year. You might be surprised, in a few years, by the gain in capital on your property . You will then be able to use this increase for investment purposes, to purchase a second home, fulfill projects you dream of realizing or simply sleep well at night knowing your family is secure.
- Homeownership also equates with adaptability, an evolving environment based on your family's dreams and way of life. Whether you are looking at improving your interior decor, renovating, building an addition or landscaping, you will not only increase the net value of your home, but also your well being.
Contact us to discover the different options available to help you carry out your projects.