Buying is better than renting

* If you're 35 now and just buying your first home, you'll be mortgage free by the time you're 60 and sitting comfortably on a considerable asset. It could mean financial independence as a senior and the opportunity to enjoy your golden years.
* It's highly likely that your investment will appreciate considerably in 25 years. Don't buy now with the intention of making a quick profit. What happened in Ontario during the late '80s may never happen again. Think of home ownership as a sound, long-term investment.
* Buying a home is a very effective way of saving regularly for 25 years. Even if you never buy into another retirement savings or investment plan, you're effectively putting money away for the future.
* Over a 30 year, up and down economic period, Ontario housing gave a better return on investment than treasury bills, government bonds, the Toronto Stock Exchange 300 Index or gold. This was the result of a 1991 study by 2 professors from the School of Business Administration at the University of Western Ontario.
* Owning a home of your own means you can set down roots, get to know your community and involve yourself in it. Kids can make friends in the neighbourhood, many of whom will probably go to the same school and be involved in similar recreational groups.
* Discover the pride of home ownership. You can fix up the place to suit your particular needs. Knock out that cupboard under the stairs. Put a darkroom or woodworking shop in your basement. Try those fancy paint finishes, put a mural on the wall, build a deck, create the kitchen you've always dreamed of. They'll be there to enjoy for as long as you want. You'll get at least as much out of the work as you put into it.
* You can have pets in your own home.
* Mortgage insurance that pays off the balance of the principal when a homeowner dies means your family will be left with a home and without debt . . . not high and dry!

These are just a few of the options available to you by purchasing a home rather than continuing to rent.

Contact Steve Wiggett
Ph: (519) 661-0380    Cell: (519) 852-5257    Toll Free: (866) 339-0033
Fax:(519) 661-0998    Email: steve@londonroyallepage.com
Royal LePage Triland Realty 235 North Centre Road, London, ON N5X 437