Buying your own Edmonton house comes with a lot of responsibility, but also a lot of rewards. If you haven’t made up your mind about purchasing your very own Edmonton property, then here some reasons to help you finally decide to choose homeownership rather than renting.
Place of Your Own
Having your own Edmonton home can give you a sense of satisfaction in which you see yourself as an independent person. You can also gain a belonging to a community where you are living.
Edmonton home prices may go up or down over a short period of time but if you stay long enough in your Edmonton home then it could increase in value and give you a substantial return for your investment.
The amount you pay in income taxes each year can reduce by owning an Edmonton home. Your mortgage interest and property taxes may be deductible from your federal taxes. In the first years of your mortgage, when interest represents bulk of your monthly mortgage payment, these tax deductions can seriously put an amount of money back to you.
Great Credit History
When you consistently pay off your mortgage loan after buying an Edmonton house it shows that you’re a good borrower. This great credit history will be valuable in the future when you get other loans for buying a car or making improvements to your Edmonton home.
Having your own Edmonton home gives you the living environment you always wanted. You can have pets, party any time you like, paint whatever color you want, change anything you want to make an Edmonton house your Edmonton home.
Choosing to buy an Edmonton house is a duty in which the buyer must be serious when the deal has been made. Having your own Edmonton home is a continuous responsibility, which will take time and effort. The process doesn’t stop when you purchase that Edmonton property; it’s only the beginning.
Come and follow the team on Twitter at @teamleadingedge. Make sure to subscribe to Team Leading Edge to get newsletters on the Edmonton Real Estate market.
Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.
Subscribe and get the daily news, updates and latest trends in Edmonton real estate.