A lot of people refer to debt and mortgage in the same breath when they discuss their house mortgage. This is kind of amusing when you think about it because a mortgage is a debt with a breath of investment in it. Can it really be referred to as a debt when it is a rock solid investment opportunity as well?

List all your debts

When you are making a budget and you need to list all your debts, your house mortgage gets put down as part of the debts. When it is time to list your investments it may not be added. Why? Is it purely mindset that makes us think of a mortgage as a debt?

The glass is half full or half empty in this case. You can consider your mortgage as a heavy load to bear and have to struggle to make the payments every month or you can look at it as the best investment you’ll ever make and try to make extra payments to strengthen your investment.

“I don’t want to go into debt” is one of the common phrases you may hear from people that are still renting. Yet they are fine put money into low rate savings accounts that don’t have the same ROI as the housing industry. Real estate may take a few bumps and bruises along the way, but it always bounces back if you wait out the storm.

Consider this. If the person that rents were to take that rent money and the money put into a savings account and add them together, that would probably cover the mortgage payments. Take on a debt? It’s all in how you view it. It is a long-term investment that is certain to pay off down the road.

Real estate is an investment - not something that can be compared to a new dress put on a credit card. That dress is a debt because it will depreciate over time while real estate is a tangible investment in something solid that will develop into a huge cash advantage down the road.

Is your house mortgage really a debt? It all depends on how you look at the glass – half full or half empty.

Real estate is one of the most lucrative investments today and will be tomorrow as well. While a lot of things have to be considered before you decide what property to invest in, a Saskatoon condo is one of the most popular real estate purchases today.

Here are some of the advantages of buying a condo as a real estate investment.

Attractive Prices

Saskatoon condos are generally priced lower than other types of houses, although there are some exceptions to this rule when it comes to luxury condos. This price advantage makes condos a good buy for first time investors because it translates to a lower mortgage and easier access to financing.

Variety of Condos

Condos come in many different varieties, styles, shapes and colors. Some condos are lavishly done and feel luxurious while others are warm and homey. You have the choice of selecting a condo that fits your personal style.

Proper Management

Most of the landscaped areas of a condo property are shared or common areas. The condo owner is not required to take care of this area. Condos have associations that take care of common areas and management the property. If you do not enjoy gardening and mowing lawns, a condo will work well for you.

These are some of the major advantages of buying a condo as a future investment. If the lifestyle of a condo seems attractive to you, odds are that this will be a great investment for you to make. It is also more affordable and easier to access for first time buyers.