To Protect Your Most Important Asset: Your Home
For the vast majority of people, your home is your most valuable and important asset and the value that you assign to it can have a great impact on your net worth calculation.
The more equity you have in your home, the more it will increase your net worth.
Selling your home is a one-off opportunity for profit. Unlike other financial investments, profit or gains you make from the sale of your principal place of residence is free from capital gains tax and stamp duty making it a fantastic opportunity to come out of a sale with ‘extra’ money to put towards your next home purchase or for your savings account.
If you’ve been thinking about selling your home at some point in the near future, you’ll want to start getting ready as soon as possible. If you are thinking of selling your home anytime in the future, which almost everyone does it’s a good idea to start thinking about that now.
Simply offering the lowest price on the block is not enough to make a lasting impression. When potential buyers are viewing several homes in your neighbourhood, you’ll want yours to be the one that stands out for all the right reasons.