Buying vs Renting

As you know, when it comes to your home, there are practical advantages to purchasing rather than renting. One has the personal freedom to choose where and how they would like their home to be. One also has the opportunity to express their individuality through decor, appliances and the upgrades that are offered in our condos.

Example

• Unit price: $149,900
• 3.5% down: $5,247
• Mortgage: $144,653 @ 4% and 30 year fixed rate

• Monthly mortgage: $690
• Yearly taxes ($4,020): $335
• Monthly condo fee: $119

• OWN this unit: $1,144 per month

If you're paying about the same or even more, NOW is the time to purchase!

Less well-known might be the financial advantages that come with owning your home. Here is a short checklist of benefits that – besides pride and flexibility – make condo ownership a solid decision that will continue to pay dividends.

• Savings at tax time
  Deduct mortgage interest, receive energy credits, and more.
  
  
• Beat inflation
  Historically, real estate keeps pace or exceeds the rate of inflation.
  
  
• Build towards retirement
  Tax-free profit of up to $500,000 upon sale of your home.
  
  
• YOU increase the property value
  Homeowners have a vested interest and build better neighborhoods.
  
  
• Home improvements are money in the bank
  You'll appreciate your home more... and it should appreciate too!
  
  
• Your home – your legacy
  Your property can pass to your spouse, family, or heirs.
  
  
• Help with the monthly budget
  Rents rise, mortgage payments don't.

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