Fraser Valley real estate - Owning your own home

Benefits of owning your own home

There’s no greater rush than knowing that your home belongs to you and no one else. Home ownership means a lot of things, no more rents, no landlord to answer to. Home ownership is one of the best and the largest investment a person makes in their life. With home ownership, comes responsibility. You do have to mow that lawn; you may have to cut discretionary expenses in some other areas of your life. However, the benefits far outweigh any disadvantages.

It's your investment account

Think of your Fraser Valley home as an investment savings account, an account that will earn you much more than any other savings account. The value of your home appreciates with time, which means that if you decide to sell it, its price will be much higher than your purchase price. Mortgage rates are also much more stable than the yearly increase in rents. 

A Sense of belonging

Once you know the home is yours for good, you develop a greater sense of belonging. You start participating in more of the community events; you also get more involved in your neighborhood etc. Unless someone has been renting the same place for a number of years, renters hardly ever get attached to the community they live in the way home owners do.'

Anchoring factor

Owning your own home means no more worries about the landlord telling you to move; no more anxiety of having to change your children’s schools and you also have complete freedom to plan for your future.

No more landlord hassles

Owning your own home means no more visits from the landlord at the odd hours of the day. You are free to do whatever you wish. Want to paint the kitchen pink? Go right ahead!

Save your money

As a Fraser Valley home owner, you put your hard earned money in your pocket; not the landlord's. Typically the mortgage payments are only a bit more than rent for a comparable place, buy you own you own place!

Home ownership - your way to good credit

Monthly mortgage payments when paid on time, boost your credit rating. Most lenders are willing to lend you more if you own your own place rather than renting. You can borrow against your equity in your Fraser Valley home because the value of your home increases against what you owe on it. 

If you are renting your home, isn't it time for you to call your Surrey or Langley real estate agent and inquire about buying your own home?