***Opting to buy a house is a significant investment as it allows you to accumulate equity in your property over time.
As a homeowner, you enhance your equity by:
⦁ Making improvements – thereby increasing your home's value
⦁ Paying down your mortgage – elevating the portion you own
⦁ Appreciation – observing an increase in your home's value over time.
This implies:
You gain a profit upon selling – receiving more than your initial investment
You can leverage home equity for investments or emergencies.
Contrastingly, when you rent, all your funds contribute to the landlord's equity, not your own.
Conversely, as a renter, you forego these advantages, as your money adds to the landlord's equity.
Ownership fosters WEALTH over time!
Let's delve into your possibilities for becoming a part of the homeowner club!
For all your Real Estate requirements, get in touch with York National Realty Inc.
Give us a call today at:
Phone: 905-503-1733
Email: [email protected]
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