Is it a good investment?

4 GOOD REASONS TO BUY YOUR OWN HOME

Build equity – when you purchase a home and make mortgage payments, you create equity in the property. Over the long term, building equity in your own assets is far more astute than paying rent and financing someone else’s property.

Stabilize Housing Costs – While rent typically increases from year to year, with a fixed-rate & some variable rate mortgages your payments remain unchanged throughout the term of the financing.

Profit from Appreciation – Housing historically increases in value over time – which is as good as money in the bank for the homeowner. What you can get when you sell your home will likely to increase over the long-term.

Enjoy Tax Benefits – Homeowners can enjoy tax benefits not available to renters. For instance, capital gains when you sell your home are in most cases tax exempt.