Many homeowners don’t even realize how many advantages they hold, just because they possess a house. Are you stuck between the decisions of whether to rent or buy a house? We want to suggest to you the reasons that you can benefit more from being a homeowner, instead of renting a home. We’ll show you what they are.
- You have a place to call your own. The privacy, security and independence you get when you have your own home is really quite satisfying. You can raise your children how you choose. Your family can enjoy the kind of lifestyle they desire. Having your own home also gives you a sense of security by allowing you to pass the property down to your descendants.
- Owning a home is cheaper than renting a home. If you are a homeowner, you can experience tax saving via deductions on mortgage interest and property taxes. They serve to partially reduce the cost of owning the home, but you will not experience these deductions if you are renting a house.
- You can make your monthly payments fixed. For instance, if you choose to implement a fixed-rate mortgage, then when you buy your home, that payment won’t change every month – it will be steady.
- It’s a good long-term investment. Real estate particularly provides a certain accumulation of wealth accumulation, for those who tend to keep their homes for about 6 to 10 years.
- Ownership of a home can help you to build equity. Once your home’s value builds steadily overtime, you can expect to build equity as well.
If you are looking for the perfect home in Almonte, consider the Riverfront Estates. These Almonte home developments offer solid construction by Almonte home builders Inverness Homes and Doyle homes through a partnership for building Almonte new homes. The perfect place to raise a family combining easy access to Ottawa and city features with picturesque nature scenery and a friendly neighbourhood oasis.
