Jan 26, 2024
In this episode of the Living Kelowna Podcast, hosted by Brandon Grass, a Kelowna area realtor and Accredited Buyer’s Representative with eXp Realty, listeners will gain valuable insights into the decision-making process of buying a home. Brandon breaks down the pros and cons of homeownership, starting with the advantages. He emphasizes the potential for building equity over time, citing a remarkable ten-year trend in single-family home prices in the Central Okanagan. Brandon discusses the economic outlook provided by CMHC, offering predictions on housing prices and the impact of factors like inflation and interest rates. The podcast also explores the current real estate scenario in Kelowna, highlighting the increasing demand for rentals and the city's attractiveness for property investors.
Moving on to the emotional and personal aspects of homeownership, Brandon touches on the pride and confidence of owning a home. He emphasizes the freedom homeowners have to customize and personalize their living spaces. Additionally, the podcast underscores the role of homeownership in fostering community involvement and a sense of belonging.
However, the episode doesn’t shy away from addressing potential challenges and cons of buying a home. Brandon discusses the financial responsibilities, including unexpected repairs that can strain homeowners' budgets. He also delves into the upfront costs of purchasing a home, such as down payments, mortgage insurance, and legal fees, urging listeners to plan and save accordingly. Brandon concludes the episode by stressing the importance of financial preparedness before diving into homeownership. In the next podcast episode, he invites listeners to explore the costs of buying a home in BC. Whether you're a first-time homebuyer or someone looking to re-enter the housing market, this podcast provides a comprehensive overview to help you make informed decisions about the exciting journey of homeownership in Kelowna.
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Brandon Grass Team with
eXp Realty Kelowna
1631 Dickson Ave, Suite 1100
Kelowna, BC V1Y 0B5