Sunday, March 10, 2013

To buy or rent? Why buy a home?

A lot has been written about the benefits of home ownership.  From the stability it offers to the tax advantages.

A few years ago we got into trouble when an out of control market kept home values (on paper) rising almost by the day.

And then it happened.

There was a peak with a little slow down…then the steady drop.  In the end homes were worth, if one was lucky, half of what had been borrowed.

There are lots of reasons to own your home.  A primary investment tool is not what a primary residence (house or condo) should be for any buyer.

Remember this about home ownership - "The potential to appreciate" is key.  But don’t gamble with the roof over your head.

If you have considered purchasing a home and are new to the process with a question....just ask!