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Things to Consider Before You Buy

Posted on February 6, 2015

iStock_000020499093Medium-347x459Renting allows you one luxury that buying does not and that’s the ability to choose a place that meets your needs at the moment. Buying a home in Destin requires a bigger commitment, in a timely sense and a financial sense.

However, if you do decide to buy and build equity, there are a few things you ought to consider before signing on the dotted line.

Number one is the growth possibilities. Sure, you want to shop for a place that meets your current needs, but you also want to find something that can adapt to changing household.

Next, is the condition. You may not find a place that you can afford with all the bells and whistles, but like any good car purchase – the place needs to be in good condition and inspected before a purchase is made.

Lastly, make sure you consider all the costs of ownership. Renters don’t have to worry about recurring costs and often lenders don’t take these things – utilities, HOA fees, etc. – into consideration. A good Northwest Florida real estate agent can help you calculate these things out to determine what you can afford.

Posted in: Real Estate Tips, Residential Leasing |Tagged: , , .

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