When renting you’re basically contributing to someone else’s mortgage payments. With the current Calgary real estate market increase in rent it may be cheaper to own a home, than rent a home. There is also no potential for your monthly mortgage payments to increase.
9 Reasons to Buy Calgary Real Estate
There are many different reasons why you should consider investing in Calgary real estate. Below are 9 reasons why you should consider buying a home.
The best part about investing in Calgary real estate is the security you will always have. When renting you take the risk of either the home being sold from under you, the rent going up, or eviction. Some people may even increase your rent for the purpose of driving you out so they can either rent to someone else, or sell the property. When you own a home, you’ll never have to worry about any of these things.
The Calgary real estate prices are increasing each year, making the decision to invest in real estate a very good decision for the long term. If you had to choose between purchasing a home or a new car, the house should always will as it will continue to go up in value over the years, where the car will continue to decrease in value. Once you purchase Calgary real estate you may even build enough equity to purchase a second home.
Right now we have some great interest rates which will help you get your foot on the first rung of home ownership. It is a great time to get into the market and lock into a really good interest rate and build equity.
Purchasing your own should be something everyone should be proud of. Whether it’s a small condo, townhouse, or an apartment, no matter the size of the home it is now yours and you are free to do whatever you please, and that should make you feel proud of this amazing accomplishment.
Owning a home is perfect for getting all of the privacy you have always wanted. When you own a home, you don’t need to worry about an owner checking up on you, because the owner is you.
One of the best upsides to owning Calgary real estate is that you are building some equity, which in turn gives you more financial freedmon as you can access a home equity loan. You can then borrow against the equity for many different reasons, such as home improvement, education for your children, or starting a business. The possibilities are endless, so make sure to check with you lender.
Owning your own homes means you are free to do whatever you want to the home. You now have the freedom to really express yourself and make changes to the home that really suit you. Paint the walls any color you like, rip up the carpet and put in some lovely hardwood flooring, or knock down a wall to build a rec room, the decision is yours!
When you own a home it really make you feel like you belong to a community. The are many different groups or organizations you can join in the neighbourhood, and this will also benefit your children as they can befriend the other children in the area.
130, 703 – 64 Ave SE
Calgary, AB T2H 2C3
- Episode 5:Managing your Online Reputation as a REALTOR®
- Episode 4:A Conversation About Real Estate in the Age of COVID-19
- Episode 3:Steve Murray – REALTORS® and the Timeless Currency of Trust
- Episode 3:REALTORS® and the Timeless Currency of Trust
- Episode 2:Chris Chopik – Real Estate and the Environment