If you’ve been thinking about becoming the proud owner of that new house or condo, you may be pleasantly surprised to learn that the benefits of homeownership can make an investment not only practical but rewarding. If you decide to buy instead of rent, you can look forward to the following advantages:
- Property value appreciates over time and gains equity often regardless of the natural rises and falls in the economy
- Investments made on the home can increase its resale value
- Predictable monthly payments that can make it easier for long-term budgeting and planning for the future
- Equity earned can be used for other financial obligations, reinvested into home improvements or even put towards a new, upgraded home
