Thedreamhomesystem
  • Home
  • Dream Home System
    • Home Listings
    • Why Dream Home System
    • My Mission Statement
    • Testimonials
    • Contact Dan
  • About Dan
    • About Dan
  • Other Services
    • Home Staging
    • Window Cleaning
    • House Cleaning
    • Other Selling Services
  • Fit to Buy
    • Find Your Dream Home
    • Mortgage Calculator
    • Affordability Calculator
    • Closing Costs
    • Land Transfer Tax Calc.
    • Title Insurance
    • Greater Savings
    • Renting vs Ownership
  • Fit to Sell
    • Are you Fit to Sell?
    • Agent Selection
    • Pricing Your Home
    • Marketing Your Home
    • Free Home Evaluation
  • Investor's Corner
    • Investment Properties
  • The Market
    • Latest Economic Indicators
  • Terms Explained
    • Agency Terms >
      • Agency Relationships
    • Mortgage Terms
    • The Crisis of Credit
    • Real Estate Terms
    • Privacy Policy
  • Helpful Links
    • Local School Boards
    • Hospitals
    • Attractions
    • Energy Tips
    • Transportation
    • Sports
  • Home Listings

Renting vs Ownership

This is a decision which many people face, and the decision is not as easy to make as it may sound.

As a homeowner, you can reasonably expect the equity in your home to increase over time as your mortgage is paid down. That, combined with regular appreciation in property values, can be a rapid and rewarding way to increase your net worth. In contrast, the person renting over the same amount of time is left with no property investment but may have enjoyed lower living expenses and the opportunity to invest in other opportunities.

When comparing owning to renting, you have to add up all of the figures, including the cost of your home, the size of your down payment, utilities, immediate repairs, interest rates and insurance, and compare them with how much you are currently spending on rent.

Of course, you also have to place a value on the enjoyment and satisfaction that you will derive from owning your own home.

    Contact us

    City, Province, Postal
Submit
Powered by Create your own unique website with customizable templates.