Homeownership and the benefits it brings aren’t as far off as they might seem!

Owning your own home, especially early in life — provides unparalleled opportunities for economic stability and personal financial growth. Simply put, when you stop paying your landlord, you start paying your future-self. What we’re talking about here isn’t time travel, but the fact that as soon as you start building equity, you start building a personal house shaped investment fund.

Condo, house, old or new — the choice is yours. What’s important is that during the formative financial years of your life, you’re putting your money to work for you — not your landlord (Mom or otherwise). 

If you anticipate moving into your all-out dream home someday, then moving into a starter home now is the best way to establish your net worth and build strong credit — two key factors in being approved for a larger mortgage down the line. When your life starts to demand more square footage, you can also look forward to the windfall of cash from the sale of your first home and the equity you’ve created.

However, we know that many might scoff at the idea of owning a home despite wanting to. This is largely due to the dreaded down payment. And, we get it! Down payments can be incredibly hard to swing.  The old-school idea of saving up for your down payment will always be good financial wisdom. However, reaching that goal can seem both unrealistic and unattainable.

But don’t let this dissuade you from making your move. New programs are being developed to help make stepping into homeownership more affordable than ever.

Take for example our Team’s latest Saskatoon project, Meadowview Point. Through exclusive partnerships with The City of Saskatoon, CMHC, Genworth, Scotiabank and Affinity Credit Union, we are able to offer homeownership with $0 Down (no, that’s not a typo). As well as other life-changing non-repayable downpayment grants — tailored to your income. Our team is also proud to go the extra mile, offering free credit and financial literacy classes from certified professionals to ensure you are on the right track to financial stability.

But, we digress.

If you don’t buy a home with us — that’s fine — just buy a home! There are opportunities waiting that you might not have considered. So, do your future self a favor and start your real estate search today.

To find out more about the NewRock approach to attainable housing, reach out to Mike at (306) 974–1501, or by e-mail at mike@newrockhomes.ca