Monthly Archives: April 2018

Is It Time To Make A Move?

Here are a handful of unique reasons for selling your home to think about if you are considering putting your home on the market as our prime selling season is about to kick off.

Neighborhood – the reality is neighborhoods are always in a state of change, what is true of a neighborhood one year may not be true five or ten years later. Just look at some neighborhoods around Summerville, some homeowners now have to deal with the density issues apartment buildings bring to an area where ten years ago nobody would of thought anyone would of built an apartment building there. Management companies and neighborhood boards can change and bring with them changes that may not be to your liking. Maybe you no longer feel comfortable or safe in your neighborhood. For whatever reason when the neighborhood no longer makes you happy often the best thing you can do is find a more fitting neighborhood to call home. We have been telling buyers for almost 20 years that if your between two houses pick the one whose neighborhood you like best because you can always remodel a home but you can’t really pick one up and move it to a neighborhood you like better.
Them Folks Right Next Door – might sound funny but I actually had a client sell a house they loved, in a neighborhood they loved simply because they couldn’t stand the people living right next door to them. When that’s the case and it is too much to deal with you might want to think about selling and making a move. We have been pretty blessed to have had some great neighbors but if that wasn’t the case and we knew they weren’t leaving anytime soon, well then selling would have to be something for us to consider.
Babies Bring Moving Boxes – it is funny that a home that is roomy for two adults all of a sudden feels cramped when 9 or 10 pounds is brought home. Babies make your home small quick, so if your expecting or hoping to be expecting this might be a good time to consider selling.
Downsizing – downsizing can mean a lot of things. Maybe you are done dealing with stairs and want to move to a single level, maybe your house is just to big now and you want to lower your costs, maybe you are tired of lawn work and want to move to a beachfront condo, or maybe you are ready to unload that rental property and reduce your responsibilities. Whatever the reason downsizing is meant to lower your burdens and sometimes a move is the best way to do that.
Cheaper than Remodeling – remodeling a home can be a great experience, ok maybe going through the experience isn’t the greatest but the end results are worth it. However sometimes you would save money, and of course the months of living in a dust bowl, by simply moving. Like if you have a galley kitchen and want a big open kitchen, might be easier and cheaper to move into a home with the kitchen design you want. Usually anytime you are making major structural changes you should consider the costs associated with remodeling versus the costs of moving to see where your money goes furthest.
Whatever your reason for selling we specialize in helping our clients get the most money, in the shortest period of time with the least amount of stress. If you considering selling please feel free to contact me and let’s get you a free market analysis so you can see where your home would be priced at and decide if now is the time you make that move.
854 444 0772

Rent VS Owning Why Owning Wins Almost Every Time

If you are thinking about becoming a homeowner here are some reasons to take the leap and one time not to.
Wealth Building – the reality is 80% of all wealth in the United States is real estate. Either way you look at it your building someone’s wealth if you own your building your own, if you rent your building your landlord’s. Homeownership is the one vehicle where equity, leverage and appreciation combine to build the wealth of the owner so take advantage of that if you can, so if you like building your wealth rather than your landlord’s owning is the way to go.
Painting Walls – once you are a homeowner for awhile it will seems odd that some people can’t just pick up a can of paint and paint their walls but rental properties are usually like that. Even when they will allow you to paint a rental you usually also have to agree to return it to the original condition and color otherwise be charged for it to be done. Painting is just the simplest of changes you can not usually make in a rental most remodeling from simply replacing lights and fans to changing the floors to major kitchen or bathroom remodels are off limits. You really wouldn’t want to put your money into those changes anyway when the landlord is who will reap the benefits. So if you like the idea of making a house your own personal home owning is the way to go.
Tax Savings – whether you rent or buy every month you have to make a payment, the difference is part of the payment of ownership is tax deductible and none of the cost of renting is (though oddly enough landlords can deduct part of their ownership costs as well). There is no tax benefit to renting while for owners the tax benefit is usually one of their biggest tax savings, so if you like the idea of paying less taxes owning is the way to go.
Stability – once you own a home you become part of a neighborhood and an area and you know where you are going to be calling home for a good while so it creates a sense of stability. You also know how much your payments will be and don’t have to sweat over annual rent increases or worry that the home you are renting is going to be sold and you get a notice to move so there is that additional stability, so if you like the idea of stability owning is the way to go.
Cheaper in the long run – between the costs of moving, security deposits, and rental increases owning a home is always going to be cheaper in the long run. Folks renting a home right now are paying more for rent than someone who bought the home right next door five years ago is paying for their mortgage. In fact the only reason people can become landlords and rent homes to others is because they know they will be paying less to own than the rental rate and that difference will go up greatly over time as rental rates rise and their mortgages stay the same. So if you like saving money in the the long run then owning is the way to go.

Ok so there are 5 reasons to buy but what about the reason not to? Well I would say the one time you wouldn’t want to buy and be better off renting is if you know you won’t be living in the same area for 2 years AND you have no desire to keep the home as a rental property, in that case rent for the less than 2 years then when you get to the area your heading to then look at buying so you have build wealth, make it your home, reap the tax savings, enjoy the stability and save a ton of money in the long run. We have been helping buyers find their next place to call home for almost 20 years so if your thinking about taking the leap to homeownership we would be happy to sit down with you go over your options and help you get on the right path to a place you can call home.
Sherry Swift
854 444 0771