Panama City Beach Properties for Sale

From Renting to Owning

Posted on by Southern

iStock_000018477573Medium-347x231Are you a current tenant staying in a long term rental in Destin? Has the thought of buying a home has crossed your mind? If so, you may be wondering what the pros and cons are associated with switching your status from renter to owner. To make it easier for you, we’ve outlined just a few below:

Pro: You can customize anything. When you are a property owner, you don’t have to wait for the management company to decide if it is okay to paint the walls. You don’t even have to ask anyone. You can do what you want, when you want. The con? You have to pay for all of the upgrades.

Pro: You can finally have a yard for your kids to play and dogs to roam. Con: You’re in charge of the yard work – mowing, weeding and fertilizing included.

On a more serious note additional pros include everything from establishing roots to building equity while the cons consists of decreased mobility and increased susceptibility to unpredictable markets.

So, what’s the bottom line? It all depends on your own personal situation, but whatever that may be the experts at Southern Rentals and Real Estate can help. If you’re thinking about renting, contact our Northwest Florida property management team at Southern Residential Leasing today. If buying sounds like it’s in the cards for you, give our RE/MAX agents a call at 850.837.1880.

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