Long-time renters know that home ownership is a big goal. It takes plenty of saving and planning, and it takes a little bravado, too.
When you’re ready to make the transition from renting to buying, you have a lot on your plate. You need to think about everything from long-term equity to your ability to stay in one place for a significant period of time.
During the Transition from Renting to Buying
When you make the choice to purchase a home, remember:
- The costs and fees associated with homeownership include title insurance fees, attorney fees, appraisal charges and more
- You won’t be able to call a landlord to make repairs
- You’ll need to take care of yard maintenance
While these seem like common-sense statements, it’s a different ballgame when you actually have to act on them. However, the benefits of owning your own home may outweigh these new responsibilities.
When you own your own home, you’re free to upgrade it, make changes without worrying about getting your security deposit back, and do anything else you’d like.
You’ll also be building equity rather than throwing away your hard-earned money on rent. In most cases, the more you pay on your mortgage, the better your investment becomes.
If you’re interested in purchasing a Main Line home—especially if you’re making the transition from renting to buying—you need to work with someone who can walk you through the whole process.
Working with a Main Line Real Estate Agent Who Cares
You deserve to work with an agent who will put your best interests first; one who understands what it’s like to go from renting to buying.
Call me at 610-608-3119 or contact me online. I’ll make sure that you have all the resources you need during this process. Let me know what you’re looking for and I’ll set up a custom search just for you. Before you know it, you’ll be all set to purchase your first home.