Posted 6.5.12 @ 13:0
When you’re young the last thing on your mind is retirement and equity, but now is the time to start saving and investing in your future. Buying a home may seem out of reach for now, but it doesn't have to be. 43% of people buying homes in Canada in 2009 were under the age of 35; 39% of those people bought condos. When you're looking at Oakville real estate, you're going to want to find the right one that matches your lifestyle. Here we’re going to go over the key benefits of buying Oakville real estate while you're young.
Build Equity for the Future
Building equity for the future will help you for retirement, but it will also give you something you can leverage against in the future when you need to. Home equity can pay to send your own children to university, to pay off your student loans and you can reinvest it in the home or use it to pay off credit cards. You can also use it to fund retirement or sell it and get a new home. It's one of the best things that you can do to build for the future, and you're going to want make sure that you take into consideration your ability to sell your home down the line.
You Don't Have to Buy a House
Buying homes in Oakville can be a big commitment; you may have to spend hundreds a year on maintenance or you could wind up with a house that is just too hard to maintain. There are condos in Oakville that will help you live a maintenance free lifestyle while still being near to amenities, nightlife and everything else you need and want. There can be extra fees for condos, but you'll get perks like dog walking services, fitness clubs and even professional cleaning services.
Why Should You Invest in a Home Now?
When you invest in a home now, you’ll be able to take advantage of low interest rates. Depending on how you finance your Oakville real estate, you’ll be able to get single digit financing for the next 10, 20 or even 30 years. The lower the interest on your mortgage the faster you'll own your home and be able to put money towards retirement and big ticket purchases. Make sure you secure low interest financing before you start searching for a home.
You have many options for homes in Oakville; with its proximity to Toronto you'll be able to work, play and have a home all while being able to enjoy big city living all at the same time. From cute starter homes to the pinnacle of luxury, Oakville has it all. If you'd like to find the right fit for you, let us help! We'll help you explore your options in Oakville and you'll be in the right home in no time. With so much to offer, you owe it to yourself to see what waits for you!