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Carmel, IN – Buying vs. Renting

buy vs. rentAre you currently renting and wondering if now is a good time to buy a home in Carmel, IN? Rents have been on the rise across the country and recent research by Zillow shows that renting is now half as affordable as buying in the US. With the steady monthly payment of a mortgage you will find that purchasing your own home in Carmel, IN will really pay off and will keep you from the constant worry of potential rent increases. But, not everyone is ready to jump into the full homeowner experience of a single family home to take care of. Many feel that a condo or townhome is a good first step.

Affordability. Condos and townhomes are often priced lower than single family homes. If you want to dive into home ownership, an attached home can be a great first step without the full price of a single family home.

Security. Many condos offer gated or locked entries, doormen, or even security professionals for residents. If you live alone, or security is a concern for you, this can be a major perk. In addition, you’re living in close proximity with many other people; in an emergency, you’ll have plenty of people to turn to for help.

Maintenance. One of the biggest benefits to living in a condo or townhome is that other people do the maintenance for you. They cut the grass and plant the flowers, they fix the roof, and whatever other maintenance the building needs. If you are a first time homeowner, in poor health, busy with work, like to travel, or you just don’t want to deal with all that work, this is a major benefit to living in an attached home.

It’s not just about not needing to keep up with lawn work or roof repairs either, owning an attached home has many lifestyle benefits. While apartment complexes have transient residents frequently moving in and out, condo and townhome owners are more likely to invest in building a community. Apartments are managed by corporate entities or a landlord, while condo buildings are managed by the homeowners association.

When you are ready to purchase your Carmel, IN home look to an experienced Carmel, IN real estate agent. We are committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which we can provide you with. We hope to speak with you soon!

Rodney & Amanda Heard
Heard Real Estate Team

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