Owning a home is a huge responsibility. When purchasing a home, we tend to initially think of the starting costs, the initial investment. But what about the long-term investment? And not only that, what about being able to continue to invest in your property without selling off your soul? Okay, I may be over exaggerating…
So many times I have seen eager buyers find a home that they love but instead of making an offer right away, they want to see if they can find something better. After they are satisfied with their search efforts and decide to go back to the previous home that they fell in love with…
If you were to ask different professionals in the real estate world, it will end up being a heated debate, that’s why! There are so many pro buying and pro renters out there who will stick..
Only in New York, or as far as I know, there are such things as cooperatives (co-ops). Here, co-ops and condominiums (condos) seem to cause so much confusion, uncertainty, and loyalty depending on the person you talk to.
So you’re done with renting or living with family or friends and you’re ready to move on up to obtaining your first big investment. You’re now ready to buy your first home!
Congrats on making, in my opinion, this wonderful and smart decision. Buying your own place is a great thing, hell, if you want to keep renting and just get an income producing property, that is a smart choice as well.
I feel everyone should own property and have the power to choose in living in it or renting it out. Property is an asset that usually increases in value, if you make the right choices on where you obtain it, and it can be liquidated when necessary or even borrowed from like your own personal bank.