BUY OR RENT? WHAT IS THE BEST CHOICE AT THIS STAGE OF YOUR LIFE?

By
Real Estate Sales Representative with BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE

WHAT IS THE BEST CHOICE FOR YOU AT THIS STAGE OF YOUR LIFE?

 

WHAT YOU SHOULD KNOW ABOUT BUYING

 

There are additional costs you should budget for when purchasing a home:

  1. Land Transfer Tax
  2. Moving Costs
  3. Legal Fees
  4. Home Insurance
  5. Home Inspection
  6. Repairs and Maintenance
  7. Title Insurance

Consider the operatings costs of owning a home:  property taxes, mortgage payments, maintenance, hydro and heating.

You are able to borrow a maximum of $25,000, tax free from your RRSP to put towarads purchasing your home under the Home Buyer's Plan.  To participate in the HBP, you must need the following conditions:

  1. You must be a Canadian resident
  2. Be a first time home buyer
  3. Enter into a written agreement of Purchase and Sale, or construct a qualifying home for yourself or a person with a disability.
  4. Designate the home as your principal residence within one year of purchasing or constructing your home.
  5. You must make all RRSP withdrawals in the same tax year.

Additional Information

You can rent part of your home to a tenant to help pay for some of your expenses.  If you make energy saving improvements to your home, you are eligible for tax credits.  It is important to know if there are plans for a new development in your community.  You can subscribe to receive newsletters from your local newspaper or municipal government resouce.

If your total expenses as a homeowner exceed more than 35% of your current rent, you should look at a less expensive home.

 

READY TO BUY?  WITH INTEREST RATES SO LOW IT IS A GREAT TIME FOR BUYERS. 

CALL ME TODAY AND GET THE PROCESS STARTED !  416-717-6331

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Mississauga and Streetsville Real Estate


When you choose me to handle your real estate needs, you choose a real estate professional who cares about you and your family, who listens to your needs and who will put your interests first and foremost. I will work together with you, protecting your interests, to achieve your objectives.

I have been uniting families and homes for more than 31 years.. Let me put my 31+ years of knowledge and experience to work for you when selling or buying your next home.

 

Proud recipient of the Platinum award for outstanding serivce with a rating of 100% voted by my clients!!

A great experience starts with a great agent !

Helping You Make The Right Move since 1987. 

Call me at (905) 896-4622 or direct at (416) 717-6331

 www.mississaugarealestateonline.com    gvalvasori@gmail.com            

              

 

No part of this publication, may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, or electronic methods, without the prior written permission of the publisher.  Copyright © 2018  Gloria Valvasori, all rights reserved.

 

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Rainmaker
2,576,639
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Gloria... excellent post. When it comes to owning or renting no one size can or should fit all. 

Apr 22, 2018 09:11 AM #1
Rainmaker
543,941
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Good  morning Nina!  Thank you much for stopping by to read and comment.  Enjoy your Sunday!

Apr 22, 2018 09:12 AM #2
Rainmaker
1,066,966
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Gloria,
Aside from the financial aspect, lifestyle is another important factor. 

Apr 22, 2018 09:20 AM #3
Rainmaker
543,941
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Hi Carol, yes I agree, many things have to be considered... Thanks for stopping by.. have a great Sunday!

Apr 22, 2018 10:20 AM #4
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Rainmaker
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Gloria Valvasori, Accredited Senior Agent

REAL Experience | REAL Commitment | REAL Results!
Do you know what your home is worth in today's market?
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