Buying property takes a huge chunk of your savings and income. But if you’re set on buying a piece of St. Johns County real estate, then here are top tips to help you.
Consider your intentions
Why are you buying property in the first place? Do you want it for your primary residence? Or are you looking for property you can fix up and offer to guests for some steady rental income? Figure out your reasons before you pick a St. Johns County real estate property.
Look for growth areas
If you want a property investment, then look for communities that are set to grow and expand. That’s going to help you pick the right rental home.
Pay a visit
You need a walk-through of the home before you decide. Photos don’t always tell the whole story. Maybe the house will turn out even better than the photos make it out to be. Or it could be a lot worse than what you’ve seen in the photographs. The best way to find out is to visit the property and see it for yourself, The Balance says.
Walk around the neighborhood
Don’t forget to check out the neighborhood. Do you see yourself thriving in that community? Do you see yourself spending years in that property? Take a stroll around and ask yourself these questions.
Think about your budget
Set a budget and stick to it. But make sure you budget for everything. When you calculate the costs, factor in insurance and home association expenses. Then you’ll need to add the cost of an occasional repair or two. That’s one way to gauge whether you are financially solvent enough before you move forward with your plans to buy property.
Shop for property that’s a good fit for what you have in mind. Use these tips.