Buy a Home or Rent? - Jethro Seymour - Top Midtown Toronto (Davisville Village ,Leaside) Real Estate AgentJethro Seymour – Top Midtown Toronto (Davisville Village ,Leaside) Real Estate Agent
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Buy a Home or Rent?

Posted by seymour on October 10, 2014
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rentingvsowningIt’s a decision many people face, and the decision to Buy a home or rent may not be simple.

As a homeowner, you can reasonably expect the equity in your home to increase over time as your mortgage is paid down. That, combined with regular appreciation in property values, can be a rapid and rewarding way to increase your net worth. In contrast, the person renting over the same amount of time is left with no property investment but may have enjoyed lower living expenses and the opportunity to invest in other opportunities.

When comparing owning to renting, you have to add up all of the figures, including the cost of your home, the size of your down payment, utilities, immediate repairs, interest rates and insurance, and compare them with how much you are currently spending on rent.

Of course, you also have to place a value on the enjoyment and satisfaction that you will derive from owning your own home.


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  • Testimonials

    29 Taunton Road, Front View
    Great Davisville Village Semi Sold by Top Broker Jethro Seymour
    He got us what we wanted exactly how we wanted it

    "We originally met Jethro at our son’s preschool where his daughter also attended. I actually recognized him from the advertisements and notepads he sends out to our neighbourhood.

    Rather spontaneously, we had spoken to the sellers of a home in Davisville about potentially purchasing their home. We grew interested in buying this house, but we wanted to know what we could get for the current house to make sure we could comfortably afford the move. We didn’t have a real estate agent, so..."

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