The white picket fence, a spacious backyard, a place to call your own: for many, owning a home is the goal, one of the mile markers of success. But with it comes a significant amount of responsibility, which can also turn others off from the idea of committing to a place of residence for longer than the duration of a lease.
If you’re debating whether or not to begin the process of becoming a homeowner, and find yourself getting bogged down in all of the warnings against or urges to buy as soon as possible, check out a few myths our real estate team can debunk, and hopefully make deciding one way or another easier for you.
All improvement projects add value
One of the first things new homeowners do when they move in is start making the house their own. This is often accomplished not only through personalization and decoration, but also through a few improvement projects like adding new cabinets or shelves, installing new appliances, or even some more extensive endeavors. But not all of these things add the expected value to your home. Before making any design changes to your house, check in with an expert and get a feel for what you can do to not only add value to the home, but also make your time living in it more enjoyable.
Buying is always preferable to renting (or vice versa)
There is no hard and fast rule for which is better between buying or renting a home. The deciding factors come down to personal matters, including financial concerns, roommates, professional opportunities, and so on. When you’re trying to decide what to do about your next house, it’s better to speak first with a trusted professional who can help you assess your circumstances and choose the option that fits most with what suits you best in the long run.
New homes don’t need any work done to them
While we’d all like to think that a brand new house is perfect just the way it is, this unfortunately is not always the case. Sometimes, the fact is that though you love the house as a whole, there are aesthetic aspects you want to rearrange or scrap altogether to make it feel more like home. In other cases, the alterations could be of a more functional nature, making your day-to-day easier. It all comes down to weighing the cost of the work alongside the purchasing price, and deciding if it’s worth the additional investment or if you’d be better off continuing your search.
You can make any changes once the house is yours
When the keys are in your hand and all of the paperwork has been signed, the house is yours with which you may do whatever you like, whenever you want: right? Actually, there are some projects that might need to be put on hold until you obtain the proper permits, even if you plan on doing the work by yourself. Consult with your local officials before you kick off any major renovations.
New is always better
While we all might fantasize about that shiny new dishwasher or a house that’s never been lived in by anyone else, the fact of the matter is that there’s nothing wrong with buying a house with some history. When you begin to shop for your home, try not to limit yourself to newly built residences; not only will you possibly save yourself money by looking to gently used homes and appliances, but you might find something you like much better because it has character.
It’s a big step, but taking ownership of a home can be one of the best investment opportunities when approached in the right way. If you think this is the next move for you, contact our offices and speak with our expert real estate team to find out more!