6 REASONS TO BUY IN WINNIPEG
6 REASONS TO BUY
TO QUIT RENTING
Why contribute to someone’s mortgage payments when you could be paying off your own? With the current market increase in rent, it can sometimes be cheaper to own than it is to rent and there is no fear of your mortgage payments suddenly increasing. You will gain much more independence and privacy when you have your own property. You will gain much more independence and privacy when you have your own property.
SECURITY
You don’t have to worry about your house being sold out from under you to real estate investors or flippers. If renting and faced with this scenario, you could find yourself faced with an unreasonable increase to your rent. These increases could continue indefinitely so the investors can make more money. In some cases, you might even feel forced to leave because the situation becomes too stressful. Get more security in your life through home ownership.
INVESTMENT
The price of real estate continues to increase every year, therefore purchasing real estate is one of the safest long-term investments a person can make. If you had the choice between putting money towards a new car or a new house, a house should win every time as it will appreciate in value over the years whereas a car does the opposite. Once you own one house and build some equity you may also be in a financial position to buy another and rent one out.…
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LOW-INTEREST RATES
Previously it was a great time to get into the Winnipeg real estate market and lock into a really good interest rate. However, a change in inflation has seen interest rates rise in recent months. Should you still consider buying a home? Is it worth it to wait? Contact us to discuss the answers to this topic as it becomes increasingly top of mind!
PRIDE OF OWNERSHIP
One of the biggest reasons people buy properties is the pride of saying they own something. Even if it is a little starter home or apartment-style condo, it is yours and you can do with it as you please, and for that, a person should be proud, as ownership is an accomplishment.
PRIVACY
If you own your own house, you don’t ever have to worry about the owners checking up on you, since you are the owner! You will gain much more independence and privacy when you have your own property.