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Renting versus Owning: Does It Make Sense to Own Your Home Instead of Renting? (#011)

 

 

Do you debate between renting a home versus owning one? Do you know the benefits and disadvantages of each? If you haven’t studied the pro’s and con’s of renting vs owning then you could be wasting your hard-earned money.

Vancouver has so much to offer to singles, couples, and families of all sizes. For example, those who rely on transport may look to areas closer to the SkyTrain.

If you’re interested in learning about what’s right for you, then invest 10 minutes to listen to this edition of the Mortgage Newscast. In this edition, host Erik Reynolds interviews Jared Dreyer, accredited mortgage professional, and president of Drayer Group Mortgages, about renting vs owning a home in Vancouver.

The demand for homes in Vancouver has always been high. The Province* says this is especially true in the areas of Surrey and Abbotsford. This interview is a chance to learn about renting versus owning on the Semiahmoo Peninsula.

When to Take the Leap from Renting to Owning

The episode kicks off with some discussion about whether it is a good time for renters to start thinking about buying, and what factors can influence that decision.

Next Jared discusses how renters can be prepared to take the next step, which is home ownership. This is a big decision financially, but also psychologically.

If you’re renting without knowing the benefits of owning a home, then you could be missing out on an opportunity to invest your money in real estate, versus forking it over to a landlord.

How to Weigh Your Real Estate Options

Then the discussion turns to advantages of renting, as well as the benefits of buying your own home. During the interview Jared goes on to discuss these and other questions:

  • What utilities are covered in my monthly rent payment?
  • How can buying a home now help me save money later?
  • When is the right time for me to buy a home versus renting?

Now ask yourself these two questions. Do you feel ready to buy a home in White Rock or South Surrey? Are you curious about real estate on the Semiahmoo Peninsula?

If you answered yes to either or both, then it may be time to reconsider the pro’s and con’s of renting vs owning a home in Vancouver.

What to Consider Before Buying a Home in Greater Vancouver

After a short break, the conversation picks back up, turning to the topic of things you should consider before you make the leap from renting to buying.

Next Jared talks about what to consider regarding your lifestyle. There are some activities that might make renting a better idea. Meanwhile other lifestyle habits might make you someone who could really benefit from buying a home on the Semiahmoo Peninsula.

You don’t have to make these decisions alone. Real estate professionals are there to help you weigh your options. Why aren’t you taking advantage of a consultation with one?

The episode wraps up with Jared sharing some final tips about using an independent mortgage advisor to guide you through the process.

Are You Ready to Buy a Home in White Rock or South Surrey?

Do you want to know more about renting vs buying a home in Vancouver? Are you curious about the benefits of each? Listen now to the entire podcast. If you have questions or a personal experience, then share below. We look forward to your discussions.

After you finish listening to this informative podcast, please contact Dreyer Group Mortgage Brokers at 1.800.687.9020 or apply with us using our 30 Second Application. We look forward to hearing from you!

30 Second Mortgage Application:
http://www.dreyergroup.ca/30-second-mortgage-application/

Dreyer Group Mortgage Brokers
#308 – 15252 32nd Avenue
Surrey, BC V3S 0R7

Phone #: (604) 536-3802

Website: http://www.dreyergroup.ca/
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Facebook: https://www.facebook.com/DreyerGroupMortgages
Twitter: @JaredDreyer

*http://www.theprovince.com/business/Hottest+spots+homebuyers+Surrey+Abbotsford+Evergreen+Line+communities+high+demand/9802218/story.html