Six Reasons to Buy a Home In Winnipeg
1. To Quit Renting
Why contribute to someone else's mortgage payments when you could be paying off your own? In fact, it can sometimes be cheaper to own than to rent.
2. Security & Control
Whether it's an apartment building being turned into a condominium or a home owner wanting to sell their home for investment purposes, renters often face the scenario of being asked to move on short notice. This can cause enormous stress and inconvenience. When you own, you have security and control.
The price of real estate continues to increase every year, therefore purchasing a home is one of the safest long-term investments a person can make.
4. Low Interest Rates
Interest rates are low, which makes home ownership affordable. As well, when interest rates are low, the total amount of interest paid on a mortgage decreases, which could be a savings of thousands of dollars over the term of a mortgage.
5. Create a Place You Love
One of the biggest reasons people buy is to create a place they love living in. When you own, you can be creative with the home and truly make it your own space. When renting, you may be limited to what you can do.
Ownership allows you to organically build equity, giving you more freedom financially. Home owners may sometimes borrow against the equity they have built in their home to do things they wouldn't normally be able to afford.