Tips for Home Buyers in Fort Myers
If you’re embarking on the adventure of buying a new home in Southwest Florida, you might not know where to start. Purchasing a house is often the biggest financial decision a person will make, so it shouldn’t be taken lightly. Here are four essential tips to keep in mind before you take the plunge.
Make sure you can afford it.
This should go without saying, but buyers often forget financial factors when they consider the affordability of a property. Make sure your current and expected income can support your mortgage and property taxes. One rule of thumb is to purchase a home that is no more than 2 times your yearly salary. There are plenty of online calculators to help guide you. Your intentions for the property – such as reselling or renting it out –may also affect the appropriate price zone for you.
Buy in a good school district.
Even if you don’t have kids, your best bet is to purchase a home in an area where schools are top-notch. This will better your chances of a good selling price if that time ever comes. In fact, many home buyers consider school district quality to be a top priority.
Consider maintenance expenses.
Buying a home can be the best investment you’ll ever make, but it’s important not to lose sight of the big picture. Owning a home requires maintenance, labor and ongoing expenses. It’s important to be prepared for the potential costs of new appliances, plumbing issues and weather damage. As long as you factor these costs into your investment decision, you should feel confident in your prospects.
Check out the neighborhood.
You may have found your dream home on the perfect block, but it’s important to examine the
surrounding area before buying. Take a good look at the homes in your neighborhood, the proximity to essentials like grocery stores and shopping, and the overall crime and safety level. These factors will affect your living experience and the potential value of your property.