The journey to home ownership can be very exciting, especially with your realtor selling you dreams of the perfect home.
Buying a home is often presented as a more affordable alternative to renting. If you were to compare monthly rent versus mortgage payments on the same property, the mortgage payments would almost certainly be smaller. Remember that real estate agents are, at their core, sales professionals. As much as it’s their job to help you find something within your budget, it’s also their job to help you find a house that you really love and upsell you on all of the benefits of it., the home buying process can often lead you on an emotional rollercoaster, and you may find yourself willing to go outside of your budget for the perfect home.
The size of your property relative to the dwelling unit itself can also play a factor here. A larger, more rural property may come with higher landscaping costs or require you to buy a four-wheel drive vehicle so you can drive up and down your dirt driveway. Many financial advisors recommend using the “30 per cent rule” when it comes to housing. This rule advises keeping your combined living expenses below 30 per cent of your income. Only around 20 to 25 per cent of Canadian home owners exceed this, according to the latest studies by thewho will also contribute to your household income, you may be able to use your joint income to purchase a larger home while still staying within your budget.
Lawyers for Nassar assault survivors have reached US$100M deal with Justice Department, AP source says Tesla will ask shareholders to reinstate a US$55 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric car maker's corporate home from Delaware to Texas.Tesla has hit a series of roadblocks, including increased competition and declining sales. The company announced Monday it is slashing 10 per cent of its global workforce.
It took four years in court, but a group of Eastern Slope ranchers will finally get access to thousands of pages of documents outlining when and how the province decided to tear up 44 years of coal policy.One person is dead following an overnight crash on Hwy. 417 in Ottawa's east end. The westbound lanes of the Queensway are closed between Innes Road and the Hwy. 174 split.
Source: News Formal (newsformal.com)
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