Tag Archive | buying

Property Virgins is Coming to Tampa Bay

Egypt Sherrod from Property Virgins

Are you a property virgin?  Are you looking to buy your first home in the Tampa Bay area?

You’re in luck!  Egypt Sherrod and Property Virgins are coming to Tampa Bay and they want to help you find your dream home!

They’re looking for first time buyers who are planning to purchase a home during the March to June 2014 time frame.

If you’re interested in appearing on the show, please contact me at Rosemary Sells Tampa!

Another Rent vs. Buy Argument

Is there anything new to say about this age old question?

Anand Chokkavelu at The Motley Fool approaches the argument from a personal perspective, but includes statistics:

buy vs. rent a home

Essentially, buying wins out over renting when you look at the big picture.  Renting doesn’t build equity.  Period.

Read about it at Rent vs. Buy: Why Buying a House Generally Wins. 

Buying or selling a house in Tampa Bay?  Visit Rosemary Sells Tampa!

Avoid Buyer’s Remorse

When you’re shopping for a home, you need to consider not just the basics (like how many bedrooms and bathrooms there are) and the frills (like granite and stainless steel), but you also need to take into account the day-to-day functionality of the home.  In other words:  how will you live in it?  What will make your daily life more comfortable?

For example, does the house you like have enough closet/storage space to keep all your clutter out of sight, which reduces stress?

The 2013 National Association of Realtors Profile of Buyers’ Home Feature Preferences talks about buyer’s remorse.  Out of the home buyers who purchased homes without certain features, over half would have paid more for:

–Central Air
–New Appliances
–Walk-in Closets
–Granite Countertops
–Hardwood Floors

Check out the stats:

Buyer's Remorse - Home Feature Survey

When interviewed buyers moved into their new homes, 53% made changes within the first 3 months.  Their improvements:

–41% changed lighting
–37% changed appliances
–34% changed landscaping
–32% added hardwood floors.

To focus specifically on the heart of the home, here are some stats about what buyer’s wanted in the kitchen, and how many of them got it:

Buyer's Preference for Home Features in Kitchens

 

And, of course, frills are important, too!  But it’s a lot easier to add granite counters where there were none, then to add in some more closet space.  So it’s up to you to decide what’s most important when buying your house.

Read more at the NAR’s REALTOR Mag.