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Oliver Reprich

Oliver Reprich Muskoka REALTOR

Why should I buy a home, instead of renting?

Number one: you will have a sense of personal satisfaction owning your own home. You will be able to create your own private space that is unique to you. When you own, you can do it all your way! A second benefit of owning is that you can deduct the cost of your mortgage loan interest from your federal income taxes. In the beginning, interest will compose nearly all of your monthly payment, for over half the number of years you will be paying your mortgage. This can add up to BIG savings at the end of each year. You are also allowed to deduct the property taxes you pay as a homeowner. Another financial plus in owning a home is the possibility of the home increasing in value over time. If you rent, you write your monthly check and it is gone forever. At the end of your lease, you have nothing and face the possibility of increasing rental rates.


More common questions related to the topic: Buying Property

Is right now a good time to buy?

Buy first or sell first?

Where can I get my well water tested?

What is title insurance?

What is a home inspection and should I have one done?

What should I expect from an open house?

What is a "Buyer's Agent"?

What's the best way to decide how much to offer for a house?

What if my offer is rejected?

What is the Land Transfer Tax Rate in Muskoka?

Land Transfer Tax Refund for First-time Homebuyers

I own a parcel of vacant land that I wish to subdivide into parts in order to sell the parts separately. Does the HST apply to these sales? 

The sale of the severed portion of vacant land would not be subject to GST/HST since it is not capital property used primarily (more than 50%) in a business and it is not being sold in the course of a business. However, if the land was subdivided into more than two parts, sales of the severed portions are not exempt unless the portion is sold to a relative (or to a former spouse or common-law partner) for their personal use.

What does it cost as a buyer to use a Sales Representative?

Can my Sales Representative give me information regarding properties from other companies?

Why do I need to sign a Working with a REALTOR® form?

Do you qualify for Land Transfer Tax Refunds for First-Time Homebuyers

When do I get my keys, of the house I purchased?

Do you understand responsibilities of owning a condo?

Before you buy a condo.

Monthly common expense fees of Condo Corporation

Reserve fund of a Condo Corporation

Can I withhold my condo fees until urgent repairs are carried out in my unit? 

Ask your own Question.

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.

Bracebridge Realty, your trusted local real estate brokerage in the "Heart of Muskoka"

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