is a big deal, a very big deal if you’re just starting off. But you have to start somewhere.
Buying a house is like seeding for the future. There is no time better than as soon as you can purchasing a house. No matter what they say what the news says about “housing bubbles”and all that negative news and forecasting things seem to be going in a positive upward direction over time. If you’re looking for a mortgage for buying a new home or need to refinance mortgage of your property, then check out the service provided by SoFi.
Here in Toronto I do a lot of house painting and carpentry work for a variety of different types of people. A lot of these people are immigrants who came to this country with no money. But just in a few years they manage to acquire a home of some kind through whatever means it took to get it.
Buying and owning a home gives you a real security. You are building equity for your life. And a solid financial foundation. When you own a home over time you have built-in equity gives you “credit” There are many things you can do with this credit. And with this new credit it gives you a variety of abilities to do various things that you couldn’t do before.
When you first buy a house, make sure you start by making a list of local tradesmen in case of emergencies, for example Absolute Draining & Plumbing . Next, upgrading your home is one of the things you could do. With this existing credit in your home you can use some of the built-in equity in your home for your upgrade.
Consider this, you buy a home for $400,000 and in five or 10 years its value has increased to $500,000 which is $100,000 profit and increasing your net worth . Not bad right? and you did not pay a penny for rent to fill someone else’s pocket.
This is one of the things I discovered while doing home improvement, painting and carpentry for many of my customers here in Toronto and Mississauga.
Vic Nagy owner of Hollywood Painting (Toronto Painters And Carpenters) since 1979 specializing in house painting and condo painting, local Toronto carpenters and Mississauga carpenters for interior remodeling,interior trim work such as baseboards and doors and exterior deck building and repair.
First Time Homebuyer Pitfalls & Mistakes to avoid Info-graphic.