FAQs

Q: What are some of the advantages of buying property rather than renting?
A: Owning a property provides financial stability, the potential to increase in value over time, and a greater sense of control over your environment. Additionally, you can benefit from tax deductions, building equity, potential income through rent, and the ability to make improvements to the property to increase its value.

Q: Is owning property more expensive than renting?
A: It can be at first, as you need to cover any down payment and closing costs. However, in the long term, you may find that owning property is more cost effective than renting, as you could avoid rent increases and have the potential to build equity with time if the property appreciates.

Q: What should I consider when deciding to buy a home?
A: When deciding to buy a home, you should consider your budget, the location of the property, its current condition, its value to you and if you will be able to afford the associated costs of homeownership, such as taxes, insurance, and repairs.

Q: What do I need to do to prepare for home buying?
A: To prepare for home buying, you should get a mortgage pre-approval, budget for your down payment and closing costs, research available properties, and learn more about the home-buying process. You should also ensure you have sufficient funds in place for any repairs or renovations that may be needed when you move in.

: What should I look for when viewing a property?
A: When viewing a property, look for signs of disrepair or damage that may need to be fixed, check for evidence of pests, mold, or any other health or safety hazards, consider what renovations or improvements you may need to make, and make sure it meets all your needs and expectations.