Buying A House
One way to get around the hefty cost of real estate is co-homeownership, where two or more parties join forces to carry the costs of a home.
Buying a new home -- especially for the first time -- is stressful, but ask yourself if your fears are founded on facts, or just a common case of cold feet? Nothing will ruin your home-buying happiness like having it engulfed in a wave of irrational fear.
Renting or buying? The bottom line is that everyone needs a place to live. We've all heard the endless debates of which option is best. The short answer to this topic is quite simple -- it all depends on preference.
To many buyers and unit owners, condominium ownership may still be ambiguous and convoluted. Since condos aren't based on the same ownership structure as street-level traditional (freehold) homes, comparing condos to traditional homes is like comparing apples with oranges.
The mortgage process is a daunting one, especially for first-time homebuyers. Here are some important facts you need to know
It's the question homeowners start pondering from the moment they bang into their spouse in the bathroom: do we need to move
Buying a home marks the true end of youthhood. You're ready to put down roots now, to establish yourself, to mark your territory. But have you seen what a modest house in a barely decent neighbourhood anywhere even remotely near a metropolitan area costs these days? There is no way you have anywhere near that much money, which means you have to borrow a lot, from the bank. I'm not here to excuse homebuyers who have trouble paying their mortgages, but I think I can at least explain their thinking. The point is that while buying a house is quite clearly a momentous financial exercise, it is very much an emotional one, too.