Sometimes it's not a bad idea to rent when you first relocate to a new area that you are not that familiar with. It gives you a chance to learn the area and figure out which area fits you and your lifestyle the best.
Be aware though that rents are not inexpensive in the Destin area and long term rentals can be few and far between because of the popularity of vacation rentals in this area.
If you're feeling confident about where you want to be in the Destin area, then buying a property here makes sense too and you really can't go wrong with that option. Inventory is low right now and prices are on the rise so if you find something you like and you're comfortable with your decision to take the plunge, then go for it!
Good luck with your house hunting! If I can be of help to you, don't hesitate to connect with me at (850) 933-7899 or Teresa@Teresa-Turner.com
Renting for awhile means you will pay more should you decide to buy in the future as prices in the Destin are on the rise as inventory levels continue to decline. Also, the money you spent renting you will not get a return on. Money you spend on a mortgage you will get back when you sell. You will also have the ability to "create a home" if you buy vs. having wall colors, landscape, etc. chosen by your landlord. Rents are rising too, so your rent payment is only stable for one year and could go up during next year's lease term. A mortgage payment stays the same forever. You will also get a deduction on your income taxes for mortgage interest which you will not get if you rent. If you buy, you have control over where you live. If you rent, your landlord could suddenly decide to sell the house, and you could be forced to move at an inconvenient time in your life. I would love to help you find a great home. Call me at (850) 543-8033 or email LisaE@LAHReaEstate.com. I encourage you to contact Mike Tarleton, Mortgage Lender (see below) to get preapproved before you start house hunting.
I am a local lender. Feel free to call me anytime with questions about qualifying and loan products.
Sr. Mortgage Loan Officer
Bank of England
5410 E. Hwy 30-A
Santa Rosa Beach, FL 32459
706-888-0980 (Cell / Text)
We are very proud of our AAA rating with the Better Business Bureau at the Bank of England. â€œWe do what we say, and complete what we doâ€. Please look at our rating with the BBB.