When moving to a new town like Mount Pleasant for the first time I can understand that you may be feeling unsure as to whether or not you should put down serious roots by buying a home. While there are certainly pros and cons to both renting and buying there are clear cut signs when one is in your best interest over the other. In today’s post, I am going to pose a handful of questions that will help you to decipher whether or not you should be renting in Mount Pleasant or if you would be better off taking the plunge and buying a home. If you know anyone else that is struggling with the idea of renting versus buying, please share this article with them so that they may benefit too!
What Is Your Overall Financial Picture?
Before you can make any kind of realistic decision, it is always a good idea to sit down and look at your entire financial picture. Taking a cold hard look at how much you can afford on housing, bills you can eliminate or reduce, and your savings is the only way you can make an educated decision about what is in your best interest. Just remember to take into account that to buy, you will need at least 3.5% down for a (FHA) mortgage but with buying you are building equity and become eligible for major tax benefits too. It would also be a good idea to speak with a lender to see if you can get pre-approved for a mortgage based upon your current credit and financials before toying with the notion.
Are You Planning To Stay In Mount Pleasant?
If you are not yet sure if you will be staying in Mount Pleasant, I can understand why you might be hesitant to purchase a property. However, consider the fact that buying a home in an area with a strong economy like Mount Pleasant can be a very wise investment. Especially, if your financial portfolio currently lacks diversity with real estate. Both full-time and vacation rentals in this area have been known to fetch top-dollar and you could always hire a property manager to deal with the day-day tasks of upkeep and management. Plus, you can write off the expense of hiring a property manager on your taxes and all the while you will be building wealth.
Would You Rather Build Your Own Home?
When I was torn between renting and buying, one of the factors that pushed me over the edge was having the ability to customize my home, If you are anything like most people, being limited in what you can do to customize your home as a renter is frustrating to say the least. The beauty of deciding to become a homeowner in Mount Pleasant is that if you aren’t able to find a home you love on the market, you can opt to build one from scratch in one of our new construction communities. That way, you can get exactly what you want and ensure you will be happy there for years to come.
Need Help Finding A Home In Mount Pleasant?
Well, my friend, the good news is you have definitely come to the right place! I eat, sleep, and breathe Mount Pleasant real estate and it is one of my life’s greatest joys to help families relocate to Mount Pleasant. When you hire me to help you find your Mt. Pleasant home, not only will you get my services for free but you will have me advocating for you and anticipating your every need to ensure your move is as easy and joyful as possible! Give me a call today to get your Mount Pleasant search started and don’t forget to grab your copy of The Definitive Guide To Relocating To Mount Pleasant!