Winnipeg homes for sale
  City / Township : Beds : Baths : Price : To
City / Township :
Bedrooms :
Bathrooms :
Price Low :
Price High :
Extras :
Pool :
Property View :





Buy vs Rent in Winnipeg, MB


Winnipeg Homepage: Real Estate Homepage




Why should I buy, instead of rent?
Answer: You'll love the feeling of having something that's all yours - a home where your own personal style will tell the world who you are. A thriving vegetable garden in the backyard, a tiled entryway, a yellow kitchen...when you own, you can do it all your way! But there's more to owning a home than personal satisfaction. You can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes, too. And interest will compose nearly all of your monthly payment , for over half the number of years you'll be paying your mortgage. This adds up to hefty savings at the end of each year. And you're also allowed to deduct the property taxes you pay as a homeowner. If you rent, you write your monthly check and it's gone forever. Another financial plus in owning a home is the possibility its value will go up through the years.

There are advantages to buying a home versus renting. View these advantages in a financial comparison of buying versus renting in the Buy vs. Rent Calculator.

Savings: Buying

In many cases, the amount of money a renter spends on rent can be about the same as or less than the amount a homeowner spends on a mortgage. With the tax benefit for homeowners, the savings can be significant.

Buy vs. Rent Comparison
The renter starts out paying $800 per month with annual increases of 5% The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000 After 6 years, the homeowner's payment is lower than the renter's monthly payment With the tax savings of homeownership, the homeowner's payment is less than the rental payment after 3 years

--------------------------------------------------------------------------------

Monthly Expenses: Buying

Your rental company takes part of your rent payment to cover certain housing expenses. When you decide to purchase a home, you accept responsibility for paying for these expenses (listed below). They are additional costs to your monthly mortgage payment and should be included in your budget estimates:

  • Property Taxes and Special Assessments
  • Home/Hazard Insurance
  • Utilities
  • Maintenance
  • Home Owner Association (HOA) Fee: Doesn't apply to all purchases. It pays for trash and snow removal and maintenance of common grounds if applicable.
  • Membership Fee: It may pay for recreational facilities and other services (cable TV).

    Looking for an apartment? It can be both exciting - and frustrating! But if you approach the whole process systematically and if you know your rights, apartment hunting doesn't have to be a hassle. Read through this Renter's Kit before you begin. And happy hunting!

    Before You Start Looking...
    Know your rights and responsibilities: Federal law prohibits housing discrimination based on your race, color, national origin, religion, sex, family status, or disability. If you have been trying to rent a home or apartment and you believe your rights have been violated, you can file a fair housing complaint. When you live in an apartment, you have both rights and responsibilities. Be sure you know what's expected of you - and what you can expect in return.

    Figure out what you need: It's a good idea to think through what you need in an apartment BEFORE you begin shopping. How many bedrooms do you need? Do you need to be close to schools? Do you need parking? Make a list before you begin...that will help you narrow down your search.



  • [ ..More About Winnipeg Buy vs Rent ]






    Featured Communities

    BRIDGEWATER FOREST
    CHARLESWOOD
    LINDEN WOODS
    ROYALWOOD
    SAGE CREEK
    SILVER HEIGHTS
    SOUTHDALE
    SOUTH ST VITAL
    ST JAMES
    TUXEDO
    WAVERLEY HEIGHTS
    WESTWOOD
    WOODHAVEN


    Winnipeg Real Estate News

    BROWSE ALL BLOG POSTS    




    Winnipeg Communities

    Algonquin Estates Algonquin Park
    All Season Estates Amber Trails
    Birds Hill Boundary Creek
    Brights Oaks Brooklands
    Bruce Park Canterbury Park
    Central Charleswood
    Crescentwood Crestview
    Deer Lodge Downtown
    East Fort Garry East Kildonan
    East St Paul Elm Park
    Elmwood Exchange
    Fort Garry Fort Richmond
    Fort Rouge Garden City
    Garden Grove Glenelm
    Glengarry Park Harbour View South
    Heritage Park Hillside Beach
    Inkster Gardens Island Lakes
    Jameswood Kildonan Meadows
    Lakeside Meadows Linden Ridge
    Linden Woods Mandalay West
    Maple Glen Maples
    Margaret Park Meadowood
    Misson Gardens Monterey Park
    Niakwa Place Normand Park
    North End North Kildonan
    North Meadows Norwood
    Norwood Flats Oakwood Estates
    Osborne Village Parkway Village
    Point Douglas Polo Park
    Pritchard Farm Pulberry
    Ramblewood Richmond Lakes
    Richmond West River East
    River Grove River Heights
    River Heights North River Park South
    River Pointe River West Park
    Riverbend Riverdale
    Riverview RM of Gimli
    RM of Rosser Royalwood
    Sage Creek Sargent Park
    Shaughnessy Heights Silver Heights
    South Charleswood South Glen
    South St Clements South St Vital
    South Transcona Southdale
    Southland Park St Boniface
    St James St Norbert
    St Vital Sun Valley
    The Oaks Transcona
    Tuxedo Tyndall Park
    University Heights Valhalla
    Valley Gardens Van Hull Estates
    Waterfront Waverley Heights
    Waverley West West End
    West Exchange West Fort Garry
    West Kildonan West. St. Paul
    Westdale Weston
    Westwood Whyte Ridge
    Wildwood Windsor Park
    Winnipeg Wolseley
    Woodhaven
    BROWSE ALL AREA COMMUNITIES    



    Quick Links

    Advanced Search
    Just Reduced
    New Listings Communities
    Home Buyers Home Sellers
    Local Winnipeg School Info
    Testimonials Home Evaluation
    Relocation The Blog
    About Me Contact Me
    Local Links Local Info

    VIEW ALL BUYING & SELLING REPORTS    

    Featured Properties

    VIEW ALL FEATURED LISTINGS    
    CLICK PHOTO TO SEE DETAILS    

    Featured Areas


    BROWSE ALL AREA COMMUNITIES    


    SIGN UP FOR THE NEWSLETTER    


    FEATURED REAL ESTATE VIDEOS    

    SEARCH  KNOWLEDGEBASE
    MainCityName Real Estate - Homes for Sale - IDX/MLS Search

  • FINANCING
  • ABOUT US
  • LOCAL INFO
  • SEARCH
  • PARTNERS
  • LOGIN
  • CONTACT
  • TOOLS
  • LIST WITH ME
  • RELOCATION

  • Equal Housing Opportunity - Winnipeg Real Estate   ©2012 All Rights Reserved - Privacy Statement