Seven reasons you should stop renting and buy your own home

The idea of taking the leap towards home ownership can be scary, it is a big commitment and requires a lot of financial planning. But, the rewards are fantastic, giving you control over your living space and freedom about how you choose to live. Here are seven reasons why you need to stop throwing your hard earned cash away paying someone else’s mortgage, and start investing in your future.

    1. You’re building equity. The money that you’ve spent on rent, likely upwards of $15,000 a year if you rent a home in the HRM, hasn’t done anything to help you. If you were paying that much on your own home every year instead, you’d be building equity for your future, and potentially be able to make money on your investment – your new mini home – if you ever want to sell it. 
    2. Pride of home ownership. Having a place of your own feels fantastic. You don’t need to get permission to paint your bedroom bright pink if you want to, or put shelves up, or do whatever else you want to do. Every decision about that home is yours! 
    3. No stress over your pets. Having cats and dogs in your mini home is fine, because the home is yours! If you locate to put your new mini home in a land lease community you’ll find that some may have restrictions on the size or breed of dogs allowed, as each is privately owned and operated, but we can advise you on which community works best for you and your pets. 
    4. A yard of your own. Every land lease community offers different sized lots, but all of them will give you space to use however you choose – whether that be a play space for your kids, or a garden to tend. Plus, several communities are located in leafy spots that back on to parklands, and some have beautiful playgrounds so your children can go off and play in a safe environment just steps away from your home. 
    5. No noise worries. Apartment living can be stressful for many reasons, but noisy neighbours can be the worst! In a mini home you won’t need to worry about how much noise others are making, or how much noise you and your kids are making! There’s nobody sharing a wall, floor, or ceiling with you – the space is all yours!
    6. Parking spaces for your vehicles. With many rental units, you only get one parking spot, which is a problem when two of you have a car, especially in winter when you aren’t allowed to park your car on the street. In land lease communities, you usually get a minimum of two parking spots. 
    7. A sense of community. As a homeowner in a land lease community, you’re surrounded by other home owners who care about their homes and their community. People look out for each other, and you’ll find it easy to make friends and build a support network around you (if that’s what you want – private people don’t have to get involved with their neighbours anymore than they want to!). 

Interested in making a move into a gorgeous new Kent mini home? Contact one of our home consultants who can answer all your questions about homes and communities, and set you on the path to home ownership. 

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Covid Update: Due to the high case numbers of COVID-19 currently being reported in the province, & in an effort to keep our staff & community safe, our office is closed for in person appointments at this time. We are happy to assist you safely virtually. (We offer virtual tours, virtual appointments, and dotloop). In person appointments will only be made when absolutely necessary & must be pre-booked. In this case, we will require you to mask, sanitize, complete a covid questionnaire & show proof of double vaccination. Our service team will also not be completing any inside service calls at this time.   We want to assure you that we have your safety top of mind. We are being very diligent with sanitizing and safety measures when it comes to COVID-19. We thank you in advance for your understanding & look forward to assisting you with all of your housing needs.   For more information on our homes, call us at 902-835-8388 or send us an email @ .   We will continue to monitor the COVID-19 situation as it unfolds, and are working on contingencies that will ensure that our clients may continue to be served during these uncertain times. We thank you for your understanding and we hope you stay safe & healthy. We will get through this together!   Note: This information is current as of January 5th, 2022. 
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