Tag Archives: Linda Mash Sells Homes

7 Reasons Buying Beats Renting

Right now in the Durham Region, home buying is much better than renting. Discover the advantages home buyers have in today’s market that renters are missing out on.

Why Buying a Home Thru The Mash Team is Better than Renting
Conventional wisdom used to state that buying a home is always a great investment.

Now more than ever it has become easier for “First Time Buyers” as Prices Have Dropped since April. There are more homes to choose from and we are not experiencing as many Multiple Offers situations.  We seem to be in a more typical summer balanced market.

The good news is that Year to date stats show that the average selling price is higher today than from  a year ago.

Price Security in Home Buying
Historically, prices tend to rise over time. For example, a loaf of bread, a gallon of milk, and a semester of college tuition cost more today than they did in 1990.

Your mortgage payment, however, is one constant you can rely upon. If you hold a fixed-rate mortgage, your monthly principle and interest (P&I) payment remains the same, regardless of how prices are moving in other industries. (Your property taxes and homeowners insurance may rise.)

Price consistency offers the advantage of planning for the long-term future. As a homeowner, you can anticipate your monthly housing costs for 1, 3, or 5 years.

As a renter, you can’t lock in this type of security. As prices climb, landlords raise the rent to meet the current market.  The allowable rental increase for 2018 is 1.8%.

If you’re renting with a month-to-month lease in Ontario, your landlord can increase your rent with 90 days of written notice. This puts renters in the difficult position of needing to either find the additional funds or scramble to secure new housing with little advance warning.

Investment – Cash-on-Cash Return
As a home buyer, the outlay of a small down payment as low as 5% can give you the opportunity to make out sized gains.

Hypothetically, for example, imagine that you put a 20 percent down payment on a $100,000 house. The price rises 5 percent, to $105,000. You would earn $5,000 on your initial outlay of $20,000 – a return of 25 percent. This is known as cash-on-cash return, and homeownership can make this type of gain accessible to the average person.

Forced Savings
A home can be a type of “forced savings.” Each month, a portion of your mortgage payment is returned to you in the form of equity. The longer you own your home, the more equity you build – both via mortgage payments as well as in potential value increases.

Renters don’t have this luxury. Many of the pro-rental arguments hinge on the assumption that money “saved” (either via lower monthly payments or through alternate uses of the down payment) would be invested in the stock market.

Realistically, though, what’s the likelihood that a renter would invest that money, rather than spend it on a trip to the Bahamas? And if that money were invested, what’s the likelihood that a renter wouldn’t panic during the next crash and sell at the bottom of the market, turning paper losses into actual losses?

A home functions as ‘forced savings,’ helping you build equity. Like a personal trainer, it keeps you accountable.

Flexibility with Home Improvements
As a homeowner, you can have the freedom to upgrade your home to your heart’s content – without carrying risk or ongoing financial commitment.

If you get a bonus at work, you can celebrate by installing hardwood floors or renovating the bathroom. If you suffer a financial setback, you can defer your plans to remodel the kitchen.

Renters don’t hold this flexibility. The only way they can upgrade their living space is by moving, and this entails both hassle and commitment.

Homeowners, by contrast, can upgrade their home piecemeal as they accumulate cash over the years. Home improvements are a one-time expense that doesn’t require continuous commitment.

Pride of Home Ownership
You wouldn’t invest hundreds of hours or dollars cultivating an exquisite garden in a rental property. You wouldn’t paint, hang wallpaper or replace the light fixtures on a rental property.

As a homeowner, you can take pride in personalizing and perfecting your home. The space can truly morph into a reflection of you, in a way that a rental property never could.

Neighborhood Connection
As a homeowner, you’re more likely to become involved in your local community. There’s a stronger chance that you’ll join the neighborhood association if one was available, organize potlucks or block parties with your neighbors, coach a local sports league or volunteer at the local school.

While it’s possible that you’ll get involved with the community as a renter, you’ll also likely feel an emotional barrier that stems from knowing you might move in a year or two. Committing to an area for the long-term can inspire you to invest more time and energy into improving the neighborhood and connecting with the surrounding community.

For more information on how to buy a home, call us. We are here to help.  Real Estate is still a good investment.

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1047 Ridge Valley Dr. Oshawa

Open House Sunday July 9, 2017 2-4 pm

You need to see this property to believe it! Live your dream in this 4 bedroom, 2.5 bath home with two-car garage, eat-in kitchen, finished basement with extra bedroom, dramatic fireplace in main floor family room, and good schools nearby.  2 walk-outs to large deck and private fenced yard. Great home with lots of recent updates. This home is located on a quiet street, close to good schools. Lots of class.  Perfect home for family entertaining–this place was made for parties! Filled with light and open spaces., yet so very livable. Be the proud owner! $739,900.

 

531 Simcoe Street N., Oshawa

 

A home with a lot of heart, in one of Oshawa’s most Desirable Areas.

$575,000

Walking Distance to Dr. SJ Phillips and O’Neill High School. This jewel of a home features 3 bedrooms, 1.5 baths, a formal dining room with built-in shelving, and main floor family room that is full of Charm and Character. Beautifully Renovated from top to bottom including newer kitchen, baths, doors, decking, flooring, windows, furnace, CAC, shingles and flagstone walk-way.  Special Features: 2 staircases’s to upper level.  Main bath features 2 sinks, Glass shower, claw tub and electric fireplace on wall. Three good sized bedrooms.  A real stunner. Unbelievably priced at $575,000.

 

433 Ritson Rd N. Oshawa

The Mash Team Presents

$399,900

QUALITY EVERYWHERE!

Spend less time commuting. You’ll appreciate the tasteful updates in this 2 bedroom, 1 bath home. Some Features include: 1-car detached garage, a legendary kitchen with pots and pan drawers, extra large sink, under counter lighting and Quartz Counter tops. Beautiful Hardwood flooring glimmer thru-out the main floor. Newly Renovated 3 piece bath with glass enclosed shower and new vanity. Basement Rec Room is finished with a Wet Bar and Rough in for another Bath. Bound to sell quickly at $399,900.

1047 Ridge Valley Dr. Oshawa

The Mash Team Presents

$ 739,000

WARM HOME, COOL PRICE!

You need to see this property to believe it! Live your dream in this 4 bedroom, 2.5 bath home with two-car garage, eat-in kitchen, finished basement, dramatic fireplace in main floor family room, and good schools nearby. Great home with lots of updates. This home is located on a quiet street. Lots of class and glass. Perfect home for entertaining–this place was made for parties. Filled with light and open spaces., yet so very livable. Be the proud owner! $739,900.

52 Timberbank Blvd Unit 52. Scarborough

The Mash Team Presents

$550,000

IF YOU LOVE TO SHOP…

this one is close to great stores. Move right in! This 3 bedroom, 1.5 bath condo town home is perfect for the young professional. Laundry on upper level, lots of windows to enjoy the sunlight, and open concept dining room that overlooks living area. Living room features soaring ceilings and walk-out to patio. The style you love at a price you can afford. Original owners. A lot of house for only $550,000.

599 Regional Road 42, Bowmanville

Almost 5 Acres

You need to see this property to believe it! You’ll love this 2+2 bedrooms bungalow with finished basement, 2 bath layout with relaxing view of your own pond, natural landscaping with stream and walk-ways. Renovated kitchen with lots of cupboards, granite counter tops, pot n pan drawers, and built-in microwave. Dining area features built-in cabinets, walk-out to deck with hot tub overlooking back yard. Added bonus: an 1800 sq ft new detached dwelling that is ready for a 900 sq ft nanny Suite plus 900 sq ft garage/work shop at the back. Convenient location, with close access to Hwy 115/401.  Only a few minutes from beautiful historic Bowmanville. Spoil yourself. $800,000.

Virtual Tour: http://www.rstours.ca/25166

 

776 Waverly St. N., Oshawa

Open House May 27 & 28. 2-4 pm

$800,000

Welcome home!  This Gorgeous All brick Jeffrey Built Home located in North/ West Oshawa. Many extras include: 4 bedrooms, 2.5 baths,  Sunken family room with gas fireplace, renovated kitchen featuring Corian counter top, under counter lighting,  pot n pan drawers garborator, vac-pan, Hardwood Floor plus a walk-out to deck overlooking back yard. Back yard features poured concrete patio, garden area, change house/pool shed with hydro. No need for a cottage. Enjoy your own back yard oasis featuring in-ground pool that is ready for pool parties. Value added features: In-ground sprinkler system in front and side yard. Central Air Conditioning, Central Vacuum, 2-car garage with entry to home + parking for 4 vehicles in driveway. Peaceful and perfect. Great home for entertaining, yet so very livable. Lots of class and glass. Close to all amenities. Make this lovely home yours for only $800,000.

1261 Belair Cres. Oshawa

Priced to Sell at $450,000

Spacious 3 Bedroom, 2 Bath Home Smart Home With A Combination Of Nest And August Products. Many Updates Have Been Completed Including, Windows And Doors, Kitchen,  Gorgeous picture Gas Fireplace with LED Lights, Main Bath, Soffits, Facia and Eaves, Flooring Thru-Out, Central Air Conditioning, Front Steps, Landscaping And Shingles. Move In And Enjoy And Easy-To-Live-With Floor Plan. Spoil Yourself. Parking For 4 Vehicles. No Sidewalks. Huge Concrete Patio On Side & Back Of Home. Includes: Fridge, S/S Stove, Built-In Dishwasher, Washer, Dryer, Swing Set And Gazebo In Condition. Crawl Space Has Spray Foamed Insulation Added On Walls.

301 Labrador Dr. Oshawa

Open House May 27 & May 28 from 2-4 pm

$520,000

Lots Of Room To Grow. This Home Features 5 Large Bedrooms + 1.5 Baths. This Home Is Located In Quiet Area Of Athabasca Forest In Oshawa. Close To Excellent Schools, Transit And Shopping. Warm You Toes By The Gas Fireplace In Living Room. Open Concept Kitchen, Living And Dining Rooms. Walk-Out From Dining Room To Back Yard. Main Floor Laundry With Entry To Solarium Overlooking Back Yard.