Here are five good reasons why you should take the plunge:
Own your own home
Forbidden pets, poorly insulated windows, the inability to paint walls to your liking - these are just some of the frustrations experienced by some tenants.
As an owner, you have complete control over your living space. You can give free rein to your imagination to create an environment that truly represents you.
An investment that pays off
Historically, property values consistently rise over the years. To compare, data from the Association professionnelle des courtiers immobiliers du Québec (APCIQ) show that the average price of a property is almost 10 times higher today than in 1980, rising from an average of $48,715 in 1980 to over $424,000 today.
Therefore, a well-maintained property will usually increase in value over time.
Potential additional income
If you acquire a multi-unit building or a rental property, you'll benefit from additional, recurring income. By diversifying your sources of income, you'll also increase your assets and your financial security. Of course, managing a rental property is not for everyone. Before embarking on such a project, it's best to seek advice from one of our Proprio Direct brokers.
Bigger, greener
Rental apartments are often small. While apartments with one or two bedrooms are perfectly suited to the needs of a single person, couples and large families can quickly feel cramped in such conditions. Most properties then offer a most welcomed gain in living space and storage.
Whether it's an extra room upstairs for a baby, a playroom in the basement or a swimming pool in the backyard, homeowners generally appreciate this new reality, which is hardly available in an apartment.
A sense of pride
For many people, becoming a homeowner is a source of pride and accomplishment, as the purchase of a home is often a testament to the efforts and sacrifices made over time. Beyond the financial benefits that come with it, becoming a homeowner will give you a priceless sense of pride.
Your Proprio Direct broker is here for you!
If you're a first-time buyer, Proprio Direct brokers have plenty of solutions to make your transition from tenant to homeowner as easy as possible. Forget the hassle of getting out of your lease or finding the best mortgage rate - they'll take care of everything! Your Proprio Direct broker will also be able to tell you how to take advantage of the incentives in place, so you don't miss out on any of the opportunities available to you.
To speak to your local broker, click here.
