Renting Vs. Ownership

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.

Royal Lepage
Viraj Tanna

Viraj Tanna
Sales Representative

Tel:
416.443.0300

Direct:
416.854.6655

Fax
416.443.8619

Email
Contact Me

8 Sampson Mews,
Suite 201,
Toronto, ON,
M3C 0H5 

EMAIL NEWSLETTER

  • › Get alerts of the latest properties
  • › Receive useful information on purchasing your dream home
  • › How to sell your house efficiently
Subscribe To Viraj Tanna
  • Share us...
  • Follow us...
  • Facebook
  • Google+
  • Twitter