Between rising rent costs and the desire to have a place you can call your own, one might believe that purchasing a home is a far-off dream. Think again! There is much to consider, from finances to logistics to paint colors, many factors of homeownership are different than when you are a tenant in someone else’s home, so you need to prepare now for a new home later. 

• Start budgeting now if you do not already. There are more expenses involved with homeownership than there are as a tenant, and you need to be able to manage your money properly.
   
• Check your credit score and correct any mistakes, if any, and do what is necessary to improve the numbers if your score is not going to be attractive to lenders.
   
• You may think that you cannot qualify for a loan, but there are different types of loans available. Check your state for low-income down payment assistance programs, and ask if your financial institution offers a first-time-buyer program.
   

• Do you love your rental? If so, talk with your landlord about purchasing the property! Once they become aware that you are interested and possibly moving, the thought of preparing and looking for a new tenant may encourage them to agree to a sale. All you can do is ask!
   
• Consider purchasing a townhouse or condominium when searching for properties. Many are affordable and convenient and would make the perfect first home.
   
• Think about your community options–where you live can affect how much you pay in fees, property taxes, or maintenance costs.
   
• If you have renters’ insurance–and you should–take note that a homeowner’s policy costs more, because it covers much more than just your belongings. Most mortgages will include homeowners’ insurance in the monthly payment. If your current agent can find a cheaper rate, go for it! 

Do you want the freedom to paint your living room bright green? Are you tired of having to keep your growing family quiet so as not to disturb the neighbor’s downstairs? If so, it may be time to think about buying a house. Connect with a Realtor® to guide you through the entire home-buying process.  

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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