There are so many things to consider when you’re shopping for a new home. When it comes to Orlando real estate there are three words that just about everyone thinks of, location, location, location. We’ve been taught that location is the only thing that should matter when choosing a home. However, for many people, this is not the case. For these people, It’s not so much where they live but rather how they live. New generational values have changed and people are increasingly more concerned with how a home will work for their lifestyle than what neighborhood they live in.
When meeting with a new home buyer, It’s important to find out what kind of hobbies or past times they enjoy and whether they want to be near the beach, a golf course, retirement community, etc. A buyer might not be so impressed with the house you just showed them but you if informed them of all the nearby amenities that the community offers that house may have just gotten a whole lot more attractive to them. It may come down to a nearby bike path or a lake for fishing and kayaking to turn that house into their dream home.
Maintaining a home should be a big factor in your decision to buy
Consumers are becoming more aware of the cost of maintaining a home in addition to the mortgage. When choosing a home buyers need to be aware of all the additional costs that are involved in the community such as homeowners association fees, yard maintenance, etc. These costs can add up to be a substantial amount of money. After the market crash of 2007, it seems that people are much more aware of not getting in over their heads financially.
The size of the home also makes a huge difference in maintenance costs. Buyers are more willing to move into a smaller home especially when they can enjoy nearby social and recreational amenities.
Sometimes It makes more sense to rent
Many younger adults prefer to rent over buying for financial reasons as well as lifestyle reasons. Young people today are used to having subscription-based technology services. This same concept makes sense to them when renting a house. They can subscribe to a rental home for a while then move on. By renting, they don’t have to be concerned about things like qualifying for a mortgage or having to get the house sold if they want to move to another area.
If you’re looking to buy or rent a home in Orlando, please visit our site and search the MLS like a pro.
