25 May Renting Vs. Buying a Property in Calgary
Deciding whether you should rent or buy a property in Calgary is a difficult decision. There are several pros and cons to both options. Owning a home isn’t always the right choice in some instances. There are many differences between renting and buying that may ultimately help you decide what’s better for your lifestyle. Follow along below to find some insight on what housing option is best for you.
Pros of Renting and Buying a Property in Calgary
Renting:
Renting is a great option for those who don’t plan on living in one place for a long period of time. Or, for people who don’t want to be tied down to a specific home. Renting offers unique flexibility that owning a home does not. In addition, renting usually allows people to have fairly predictable monthly expenses. Furthermore, renting a home means that there will usually be someone to handle repairs and maintenance.
Buying:
Buying a home provides you with a sense of security and stability. You do not need to worry about landlords or restrictive covenants. Additionally, homeownership can be a way to build equity and add to your investment portfolio. Buying a home also provides you with the opportunity to make a substantial profit if/when sold.
Renting and buying both have some key differences that people need to consider. It is important to look into your future plans to determine how owning or renting may affect those goals. For more help in deciding between renting and buying, contact me today! I’d be happy to help you find the perfect property in Calgary. For more information, be sure to check out my social media page and visit my blog next month for more real estate advice. Don’t hesitate to reach out with any questions or concerns you may have about a home in the area. I look forward to working with you in the near future!