Things to Consider Before You Buy
Posted on February 6, 2015
Renting 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: Buying Tips, Real Estate, renters.