Living in Charlotte County Florida

Find the perfect home in sunny southwest, Florida

Rent vs Own

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Sooner or later, it hits almost every renter: the pain of dealing with a landlord, or seeing your monthly payments vanish, or realizing you don’t have control over your living space. Sound familiar? It might be time to start thinking about buying a home of your own. The idea of finding, financing and purchasing a new home can be intimidating, but you’re not in it alone, a Realtor can help you every step of the way.

Do you remember why you rented in the first place? Did you think your rent payment would be less than your mortgage payment? Did you want to call your landlord to fix things when they broke? Were you unsure where you wanted to live? Did you make less money than you do now? Is all this still true? If not, maybe you’re ready to buy.
Things change. People change. Life changes.

Now’s a great time to buy, and you might be a lot closer to home ownership than you think. A Realtor can help you figure out if you should still rent or if it’s your time to buy. Do you realize that renting prepares you for buying?
It helps you figure out what you want. With every move, you discover things: the neighborhoods you like, the sorts of kitchens you prefer, and the fact that popcorn ceilings drive you crazy. You’re in a great position to buy. You know what you want, what you don’t want, and what you’d love to have.

Renting ties you down until your lease expires and you’re free to move. But moving can be a hassle – a huge hassle – and that’s one reason why renters often become buyers. Do you really want to live in a place where you may be forced to move because your landlord wants to move in? It could happen; just ask your friends.

When you buy, you buy more than a house. You buy a lifestyle. Backyards. Pets. Great neighbors. Block parties. Community. A sense of belonging. The list goes on and on. It’s simple: living on a street with other homeowners is different – and often better – than moving again and again. It’s more lasting. More solid. More secure. Where do you want to live? In a place you own, or in a place owned by someone else?

Do you want to save on taxes? Buy a house! Here’s something a tax professional would tell you about owning a home: You’ll be able to deduct financing costs and interest in the year you buy. After that, you’ll be able to deduct the interest and property taxes you pay. No one likes to pay taxes, but buying a home makes it a little less taxing. Literally. The IRS has a great guide – Publication 530 – called “Tax Information for Homeowners.”

Once you’re ready to move from renting to owning, you have a big decision to make: When do you tell your landlord?
Frankly, honesty is always the best policy. Once you start getting serious about shopping for a home, it’s important to be open with your landlord, especially if you’re still under a lease. By being open and honest, you won’t have to fret about your landlord finding out that you’re looking to buy. One suggestion: Offer a positive review or serve as a testimonial on the management company’s website if you’ve had a good experience – good word of mouth will help them out and let you leave in good graces.

If you’re ready to make the jump, contact a Realtor to get started today.

Tammy Hayes, Realtor, Re/Max Palm Realty, Port Charlotte, FL –


Author: tammyhayes

I am a residential realtor serving Charlotte and Sarasota Counties in sunny, southwest Florida. Contact me for all of your real estate needs. I am professional, ethical, informational, and understanding. I will be with you to assist you every step of the way. Whether you are buying or selling a home, I can help.

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