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The Great Debate: Should you buy or rent a home?

11/12/2018

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It’s a question that most Canadians will ask themselves at one point or another in their lifetime: should you buy or rent a home? Those who take the rental route often wonder if they’re wasting money. Meanwhile, those who buy may wonder whether or not their investment will be worth it in the long run.
Though it’s clear that home ownership offers many benefits, the decision to buy or rent is a personal one that should be based on several factors.
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MARKET CONDITIONS: What is the price of real estate in your market? It’s important to understand how local factors may affect prices before you decide to whether buy or rent.
JOB STABILITY: Do you have a stable job and roots within your community? If your plan is to continue living in your community for the foreseeable future, home ownership may be the best option for you.
LIFE STAGE: What stage of life are you in? If you have a family, home ownership can provide a stable living situation without some of the uncertainties that are associated with renting.
DOWN PAYMENT: Do you have enough money saved up for an adequate down payment?
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FINANCIAL INVESTMENT: Your monthly mortgage payment creates equity for you, not your landlord.
QUALITY OF LIFE: Owning a home can provide a sense of stability and control that you don’t often get from renting. There is a great feeling about coming home to a place that you own.
FREEDOM: When you own your own home, there’s no need to get approval before you paint a wall or hang a piece of art. You can choose what minor and major renovations you make to the place you live in.

​How RE/MAX can help
RE/MAX Agents are experienced professionals who can help you out if you’ve decided that home ownership is the next step for you. Their expertise can help you find the house most suitable for your needs. We’ve also created a guide to help explain all of the costs that are encountered during home ownership.
Contact RE/MAX Agent
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    Hi, my name is Dana McAroe. I'm a Real Estate Agent in Fort McMurray. I help people get the best possible outcome from their real estate transaction - whether they are selling or buying or a house. 

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Dana McAroe,
Real Estate Agent with REMAX Fort McMurray
remax fort mcmurray
9919 Biggs Avenue Fort McMurray AB T9H-1S2  -- Office (780) 804-1916    Fax (780) 743-4369 
​Each office is independently owned and operated
Copyright © 2020
​Real Estate Agent in Fort McMurray with REMAX Fort McMurray​
Whether you are 
selling your home or buying a house we are ready to get to work for you!
Please contact me directly if you have any questions about the Fort McMurray real estate market, or buying or selling a home in Fort McMurray, AB.
  • Home
  • Listings
    • Featured Listings
  • Seller
    • Tips for Selling Your Home
    • Wood Foundations
    • Selling at a Loss
    • Negotiating
    • Free Market Evaluation
    • Seller's Action Plan
  • Buyer
    • First Time Home Buyer's Guide
    • Condo Buyers Guide
    • Before Writing an Offer
    • Negotiating
    • Basement Suites
    • Wood Foundations
  • Blog
  • Contact
    • About Me