Friday, May 7, 2010

Renting versus Buying Homes in Orlando

Before you start looking for homes in Orlando, you need to decide whether to rent or buy. Each of these options has its own advantages and disadvantages. You need to look at your situation and decide which is best for you.

To help you with that decision, here’s an examination of the pros and cons of renting and buying homes in Orlando:

• Pros of Renting. Maintaining a home properly takes a certain level of time and commitment. When you rent, you are not responsible for the lawn, major repairs or maintenance. If you have to leave the area on short notice, you won’t be tied down to a home that needs to sell in order for you to move.

• Pros of Buying. Because of low interest rates and house prices, many renters find that their current rent payments are similar to what their mortgage payments would be. Unlike rent payments, mortgage payments add up and create equity in your home. Additionally, owning your own home provides tax deductions.

Cons of Renting. The most significant con of renting is the fact that you get no tax deduction. If you have to move suddenly, you may have to pay extra money to break the lease. You may even have decorating restrictions, like not putting nails in the walls.

• Cons of Buying. To buy a home, you will need a down payment, which can be difficult for some people to acquire. There’s also the possibility that you may lose money on the home if you have to sell it before you’ve built equity in it or if your local market declines in value. Also, it can take considerable time and money to maintain homes in Orlando.

After you’ve considered all the pros and cons, there’s one more tool I recommend to help you make an informed decision: Use a free online rent versus buy calculator.

If you’d like help deciding whether buying or renting is right for you, give us a call today at 407-876-5771. We will put together some current home prices to help you determine what your house payments would be, and we will also help you figure out what you can afford.

How to Deal with Problem Neighbors Near Your Orlando Home

We’ve all had to deal with problem neighbors near our Orlando homes. The trouble might be a loud late night party or a dog that is always barking at odd hours. It can be hard to fix the problem without causing a lasting rift in the neighborhood. Here are a few tips for getting a peaceful resolution:

Bring it Up Gently

It may be that your neighbor doesn’t realize there is a problem. Try to wait a day or two after the problem occurs and tactfully bring up the trouble you are having. Be sure to speak in a calm and reasonable manner.

If your partying neighbor is not receptive to making a complete change, suggest that they let you know ahead of time when a party is scheduled. Sometimes being able to plan for a disruption can make it easier to bear.

A dog that barks at all the wrong times is harder to fix. If you have a specific reason for needing the dog to be quiet, for instance, you work nights and need to be able to sleep in your Orlando home during the day; a gentle reminder that the dog is barking excessively may do the trick.

Ask For Help

If you’ve talked with the problem neighbor nicely and are still getting nowhere, try recruiting others in the neighborhood to help solve the dilemma. Sometimes it’s easier to get results when a group is asking for change. The disapproval of the entire neighborhood isn’t something that most people are willing to risk.

Occasionally, there might be that stubborn person who simply refuses to be courteous to anyone nearby. It may seem that you have no options left. Before you give up hope, check with your homeowner’s association, they may have the ability to enforce a change that you cannot.

If at any time you feel that your neighbor is trying to force a confrontation, and may become dangerous, call the local police and ask for help.

Trying a few of these suggestions can be an easy and effective way to bring the peace back to your neighborhood.

Want to find an Orlando home in a peaceful neighborhood? We can help. Call us today at 407-876-5771.