Wednesday, June 15, 2016

Rent or Buy -

 I can show you how to save $60k in 5 years


 Example one:  I have outlined a rental property listing versus a new home listing below and a comparable on which way is better for you!

I have taken a current listing from Rent Edmonton  to show you the difference between renting versus buying your home.

Bedrooms: 3 | Bathrooms: 1.5 | Area: 0 Sq Feet | Rent: $1,595 per month
Your new home is waiting and ready for you to move in! This cute-as-a-button duplex is the perfect spot for you and your family to settle down! Located in the budding community of Silverberry in SE Edmonton, your new home really does have it all. On the main floor you will find your open concept living, kitchen and dining rooms with gorgeous laminate flooring throughout. A gas fireplace is the perfect place to cozy up to on those chilly winter nights. You will fall in love with your kitchen - all black appliance 

Monthly Payment for Rent - $1595.00 


Renew - Contact Lorna Fraser or Curtis Frew with Daytona Homes
Renew by Daytona Homes - Approx. selling price starts at $300 000.00
3 bedroom, 2 1/2 bath
• Premium exterior siding
• Front attached garage with automatic opener
• Fully landscaped • Covered rear deck
• Open floor plan
• Pendant lighting in kitchen
• Hunter Douglas blinds
• Laminate flooring
• 9 ft. main floor ceiling
• 50 us. gallon electric hot water tank
• 4 piece black kitchen appliances
• Full tile backsplash in kitchen
• Maintenance free exteriors

Monthly payment for Mortgage - $ 1335.00

No down payment, no problem - I can help you get your down payment

You Should Buy!

It looks like you should Buy!
Why? Each month you have $260.00 to spend on condo fees or home maintenance or insurance or just put into savings.

Or look at it this way - if you pay rent to your landlord for $1595.00 per month - at the end of 5 years you have $0.00 in your pocket.

If you buy at $1335.00 per month in five years your have an asset that was $300 000.00 purchase price and is now valued at approx $311 420.00  based on Estimated appreciation rate of .75%.  In addition you will have an outstanding mortgage balance of $249 890.09.

You now have $61 529.91 in an asset over a 5 year term vs renting and having $0.00 left at the end of a five year term!

For new home information on the RENEW product contact either people listed below:
Lorna Fraser

Curtis Frew

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