What to consider when transitioning from being a renter to a homeowner
Sep 14 2012 4:17PM
Renting may seem like an affordable option for those who aren't ready to settle down in one place, however homeownership can benefit individuals and families greatly. These tips can help when considering transitioning from renting properties to owning real estate in Los Angeles County and other parts of Southern California.
Many renters enjoy the mobility that comes with renting, however, owning a home can provide more stability for those looking to remain in Southern California long term. While tenants usually sign a short-term lease and can be asked to leave at any time, homeowners don't have to worry about leases expiring and rushing to find another place to live.
Homeowners also have more freedom to make changes to their homes including cosmetic improvements and upgrades that won't be left behind. Tenants should be careful about investing money into rental properties, as they won't see any return upon moving out. Many renters are also limited to what changes they can make, including even the most basic do-it-yourself projects, such as painting. When owning a property, people are able to decorate more freely, while home improvements and upgrades won't be lost.