Moving can already be one of the most stressful times in a person’s life, but it may be doubly so for a new home owner. For renters who aspire to be home owners, transitioning from an apartment to a house requires a shift in thinking that you may or may not be prepared to make. The financial changes that come with owning, the need to consider planting longer-term roots in a neighborhood, and new neighborhood rules are things renters may not be thinking about enough.
You need to understand how your financial investment is changing. Renters may see an increase in your monthly rent every lease term, but you don’t see exactly where it goes — toward property taxes and insurance, even “luxuries” such as trash pickup. As home owners, you don’t have a landlord who handles all those details, so you need to be ready to juggle the financial responsibilities of home ownership. Be aware of the importance of budgeting to make sure you make smart financial decisions during this process.
You need to be happy with your location for the long-term. As a renter, you can bounce around from home to home every year if you want. But when you own a home, you have to stay put — unless you plan on renting it out, which most home owners don’t. Location is going to play a much more significant role in your future, so you should think about evaluating school districts, access to amenities, and commute time now as you search for your next home.
You may need to abide by new rules. Renters don’t think about possible homeowner association rules you may be governed by, such as trash pickup rules or any curfews or rules pertaining to animals. Make sure to get all the information on neighborhood rules and associations to understand what your new obligations will be.
You’ll need to get into the mindset of an owner. Life as you know it is about to change. Once you purchases a new home, you will no longer have a landlord to tend to your many needs, including lawn care and plumbing. I will provide you with contact information for local industry experts including certified specialists ranging from HVAC companies to carpenters to electricians. You don’t have to do everything yourself – however, you will have to pay for it yourself.
Know your neighbors can affect your home value. Renters typically don’t care who their neighbors are as long as they’re quiet (enough). Property value comes down to curb appeal. Less-appealing neighborhoods often have more-appealing prices, which is not always good for buyers and home owners.
When you’re ready to stop renting and become a homeowner, I’d love to help. Give me a call – J.P. Cook – 602-320-4253.
Source: Rob Rimeris is owner of EverSafe Moving Co. in Philadelphia. EverSafe is a five-star, full-service company that offers affordable moving and storage services. http://realtormag.realtor.org/daily-news/2016/08/11/5-things-renters-should-know-about-owning?om_rid=AAT6BZ&om_mid=_BXthPGB9RSTgPN&om_ntype=NARWeekly
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355 S Latigo Way
Cottonwood, AZ 86326
$455,000
3
Beds
2
Baths
1,695
SqFt
Status
Active
MLS #
6689165
Property Type
Single Family Residence
Price Type
--
Centrally located, this gem combines natural beauty with modern amenities, offering an idyllic lifestyle for anyone looking to buy. Don't miss your chance to claim this home, where luxury meets efficiency, and the views are simply unmatched from the front of the home looking towards Mingus Mountains and rear of home towards the gorgeous Red Rocks of Sedona, giving spectacular reverse sunsets. Experience energy efficiency and cost savings with owned solar panels, and enjoy the comfort of newer Lennox furnace and A/C units at your fingertips. Add to that the convenience of an indoor laundry room, with cabinets and a newer washer and dryer. Revel in the high ceilings which enhance the home's open and airy ambiance, while the professionally installed vinyl flooring in the entryway, family room, kitchen, and bathrooms exudes modern sophistication. The master suite features a spacious walk-in closet with built-in cedar planking shelving for shoes, ensuring organized and stylish storage. The rear guest bedroom comes with brand-new carpeting, adding a touch of luxury and comfort for your guests or family members. Experience culinary perfection with matching Samsung appliances in a kitchen that's a chef's delight, and enjoy the health benefits of a water softener, whole-house chlorine removal system, and reverse osmosis for pristine water quality. Indulge in the convenience of instant hot water to sinks, saving time in your daily routine. The home has been thoughtfully updated with all walls freshly repainted and decorative base trim in most rooms. New light fixtures in the dining and kitchen areas provide the perfect blend of functionality and style. As a bonus, the garage door has been meticulously maintained, receiving periodic visits from a local company, ensuring that the motor and springs, replaced within the last year, are in top condition. Additional practicality comes courtesy of the new mop sink installed this year, complete with special fittings for a garden hose - ideal for refilling the backyard oasis that is your personal HotSprings salt system spa. Seating 4 comfortably with two lounge chairs, relax and gaze upon the stars, an awesome experience that awaits you each night. This property is designed with outdoor living in mind, featuring a large rear covered back porch that spans an impressive 34 feet in length, enhanced by decorative pavers. The porch is adorned with 3 decorative exterior ceiling fans, creating a cool retreat for those warm summer days. With a gas connection ready for your barbecue, the outdoor space is ideal for hosting friends or simply enjoying a quiet evening. Privacy and tranquility are provided by a jasmine plant that fills the air with a delightful seasonal aroma. A planter box with faux ferns adds a touch of greenery and charm. This home invites you to imagine your life surrounded by these thoughtful improvements and indulgent features. Welcome home to comfort, style, and unforgettable moments.
19414 N 8th Street
Phoenix, AZ 85024
$455,000
3
Beds
2
Baths
1,338
SqFt
Status
Active
MLS #
6685473
Property Type
Single Family Residence
Price Type
--
**OWNED SOLAR** Brand New Hot Water Heater Move-in ready perfection! This stunning 3 bedroom, 2 bathroom house has undergone a complete renovation and is ready for you to call it home. All new everything! Enjoy the fresh feel of new flooring, new paint, new stainless steel appliances, and new fixtures throughout. Newer roof in great shape and A/C is blowing cold. The kitchen boasts beautiful granite countertops and ample cabinet space, perfect for creating culinary delights. With 3 bedrooms and 2 bathrooms, this home offers the perfect layout for families or those who desire a home office or guest room. Owned solar panels will keep those hot summer months nice and cool at little to no cost! Don't miss your chance to own this beauty!
16541 W Sierra Street
Surprise, AZ 85388
$455,000
4
Beds
3
Baths
2,284
SqFt
Status
Active
MLS #
6686167
Property Type
Single Family Residence
Price Type
--
A nice house in great community Sycamore farms community pool open floor plan for guest entertainment where all guest can be together on area really well maintain condition Also it is a good location on the west valley area. everything there hospital near by
20822 N Desert Glen Drive
Sun City West, AZ 85375
$455,000
2
Beds
2
Baths
2,104
SqFt
Status
Active
MLS #
6689241
Property Type
Single Family Residence
Price Type
--
This Beautifully Renovated Eldorado Model is located in the highly desirable area of SCW near the Echo Mesa Golf Course and Kuentz Recreation Center. As you walk through the front door you are greeted by high ceilings, tons of natural lighting and tasteful renovations. The large gourmet kitchen comes with upgraded cabinets, marble countertops, new appliances, deep dark stainless-steel sink and custom overhead lighting. The oversized Owners Suite is located in the rear side of the house with vaulted ceiling, high-grade new carpet, luxury bathroom with a walk-in shower, Marble countertops, oversized mirror and upgraded in floor toilets. The Large 280sq ft climate-controlled Arizona room gives you a great way to enjoy the weather year-round in Arizona.
