Canadian families might feel okay about apartment living, but probably not forever. A time will likely come when you want to move into a house, if that’s possible.
We’ll talk about some of the key reasons why you might want to move out of an apartment and into a house right now. If you’re in this position, you may decide to call Ashcroft real estate to see what they have available.
You Can Build Equity if You Purchase a House
Apartment living means you’re not building any equity. You keep paying a landlord to rent the place you live, and that money doesn’t actually buy anything except a temporary housing situation.
If you move your family out of an apartment and into a house, you’ll start building equity as you make mortgage payments on it. The more payments you make, the closer you get to owning the house outright.
If you’re close to owning a house outright, you can get banks or credit unions to loan you money based on the home’s equity. You may not ever want to do that, but a time might come when you need cash, and you may consider this as a viable option. This possibility does not exist when you rent an apartment.
You May Not Want to Deal with a Landlord Anymore
You may have a great landlord, and you don’t mind dealing with them at all. However, many landlords are not exactly nice people. You’ve probably heard of slumlords that barely maintain their properties and try to squeeze as much money as they can get out of their tenants. Perhaps your landlord fits this mold.
If you move the family out of an apartment and into a house, you don’t have to deal with landlords anymore. You have to fix anything that goes wrong with the house yourself instead of calling a super to do it for you, but other than that, there’s no real downside.
If you dread landlord interactions, you might hurry to move out of an apartment for that reason. You won’t have to try and track them down anymore if you need them to fix something, and the super needs the landlord’s okay to do it.
You Can Have More Room
You and your family can probably enjoy more room if you move from an apartment into a house. You might have a room for each of the kids for the first time. They will love not having to share the same space anymore.
You might have room to turn a second bedroom into a home office if you work from home a lot. You may have a backyard or front yard in which the kids can run around.
You might have a finished basement you can use as a family room. You can set up a man cave if you like sports and invite the neighbors over. You can’t do any of that if you have an apartment. A house will provide comfort for the entire family you’ve never known before.
You Can Expand the Family
Maybe you’ve wanted to have more kids, but you didn’t feel like you had enough space yet. If you move into a house, you can use a spare room as a nursery if you think you’ve reached the right time.
Maybe you’ll move into a new house when you secure a new job. Perhaps this new position pays you more, and you feel like now’s the time to consider having another child or your first one.
Planning when you have kids makes sense if you can pull it off. It’s better than expecting a child and knowing you’re still living in an apartment with very little room for them to grow.
You Can Have More than One Bathroom
If you have an apartment, you more than likely only have one bathroom. That’s not a lot of fun, especially if you have several family members who all need to share it. With a small apartment, that’s probably more intimacy than you’d like, especially after taco night.
Canadian families who move into a house can enjoy having more than one bathroom. Maybe you’ll get a house with two full bathrooms, or you might get one full and one half.
You’re bound to enjoy that, especially if you have a bathroom that adjoins the master bedroom. If you get an even larger house, you might have three bathrooms or more.