From Renting to OwningAugust 3, 2015
Are you a current tenantÂ staying in a long term rental in Destin? HasÂ the thought of buyingÂ 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.