Should I Buy or Rent?

 

You’ve grown accustomed to your cozy little apartment, but you’re starting to feel a bit cramped. You’re starting to wonder if buying a home is the right move for you.

Buying a home is a big investment, quite possibly the biggest one you’ll ever make in your life. So it goes without saying that a little forethought prior to making the purchase is warranted.

Make sure you’re financially stable. Experts advise that you should have no less than six months of living expenses saved in the event of an emergency, such as a job loss. Make sure to factor in unforeseen home improvements, such as a broken furnace or water heater, so that you’re not caught off guard when something breaks.

Start forming relationships with local industry leaders so that when the time is right, you’ll have the backing of a team you can trust. The staff at Performance Title and Settlement is a wonderful resource for first-time or repeat homebuyers. Our experience in the Roanoke real estate market makes us a strong referral source. We can point you in the right direction so that you find the right Roanoke neighborhood or help you choose the ideal realtor or lender.

Sure, renting has its perks. If something breaks, there’s usually someone on call. But owning your own home has advantages that far outweigh a maintenance man. You’re building equity, gaining borrowing power and creating a foundation for a lifetime of memories.

If you are ready to purchase your first home, or if you are thinking about buying a vacation home or investing in a rental property, call Jeannie Moore at Performance Title and Settlement at 540.774.4990.