Royce Shook

1 year ago · 1 min. reading time · ~10 ·

Blogging
>
Royce blog
>
Home ownership vs renting

Home ownership vs renting

 It’s natural to have doubts about any financial decision, especially a large one like purchasing a home. However, it’s important to keep in mind that there are many factors that can affect the value of a home and the return on investment. The housing market can fluctuate, and it’s not always easy to predict what will happen in the future. It’s also worth considering the non-financial benefits of homeownership, such as the stability and security it can provide, and the opportunity to build equity.

There are many other reasons people value homeownership over renting. Some people see it as an excellent investment, as the value of a home can appreciate over time and provide a source of financial security. Owning a home can also provide a sense of stability and belonging, as it gives people the opportunity to put down roots and create a sense of community. Homeownership allows people to make changes and improvements to their living space, which can be difficult or impossible to do when renting. Finally, for some people, buying a home and creating a home can be a source of personal satisfaction and pride. Of course, there are also drawbacks to homeownership, such as the cost of maintenance and repairs, and the financial responsibility of taking on a mortgage. Ultimately, the decision to buy a home or rent is personal that depends on a variety of factors, including financial situation, lifestyle, and personal preferences.

More importantly, most of us don't actually consider our primary residence to be an investment. It’s a lifestyle decision and you may not have won the real estate lottery, but if you love the house you live in you may be richer in memories. 

If you have concerns about the value of your home or the return on your investment, consult a financial advisor or a real estate professional to get a better understanding of the situation.

GUARHUNUR NEE

 

 

     

Timi

 
  
   

\

  

1 Ns

li

Po ad
Lifestyle
Comments

Articles from Royce Shook

View blog
2 weeks ago · 2 min. reading time

Have you ever been fortunate enough to collaborate with truly inspiring leaders? If so, you've likel ...

1 month ago · 4 min. reading time

Opioids, commonly referred to as “narcotics,” are potent medications used widely to treat pain — but ...

3 weeks ago · 2 min. reading time

It's never too late to rekindle your sense of belief and wonder in something greater. Life can be ch ...

Related professionals

You may be interested in these jobs


  • Tuze Inc. Old Toronto

    At Tuze, we're revolutionizing the rental landscape for Canadian landlords. Our platform ensures risk-free and stress-free renting by offering guaranteed rent payments, comprehensive rental histories, and robust legal assistance. We're transforming property owners into landlords ...


  • QuadReal Burnaby

    About Quad Real Property Group · Quad Real Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $77.6 billion. From its foundation in Canada as a full-service real esta ...


  • Townline Group of Companies Vancouver

    About TL Housing Solutions · TL Housing Solutions Ltd is a developer/builder specializing in the non-market housing sector. We provide turn-key project management and design-build services on a fee for service basis. Our company accesses support and funding for non-profit organiz ...