Home Buying in 32225>Question Details

Margaux Burke, Home Buyer in Jacksonville, FL

What kind of residence do you recommend for first time Military home buyer?

Asked by Margaux Burke, Jacksonville, FL Tue Jan 20, 2009

I mean is better to buy a single family house or condo/townhouse.

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Answers

7
My opinion....Buy a single family home. Renting is paying someone elses mortgage payments and putting extra cash in the owners pocket. Our military has major money saving options for its employees. Myself......I'd never buy a condo/townhome. To me..it's like living in an appartment. Literally wall to wall neighbors. No privacy, no real dirt (yard) to call your own. Write down all thats important to the way you'd like to live over the next 10 years. Does it intail lots of neighbors or are you looking to expand your family??? You can't buy anything thinking your lives will be the same tomorrow as it is today. Look down the road a little ways before you invest. Be careful of what brokers tell you, not all of them are honest. Remember....they are SALES people. Research them as well. We did and we feel confident in who we have choosen. Good luck! Sincerly,The Graves Family
1 vote Thank Flag Link Fri Feb 20, 2009
As a military wife, and very familiar with the moves and demands of a military family - you need to ask yourself a couple of questions. First, do you want to buy or rent? How close do you want to be to the base? How much maintenance are you willing to take on when your spouse is deployed? If you're going to buy, I recommend a single family house in Jacksonville, as it will be a better investment and easier to resale. It's a great time to buy, and the VA has incredible options for your mortgage! I'm sure that you'll find a mortgage payment the same if not lower than a rent payment - not to mention the tax benefits of owning a house! Plus with your housing allowance given to you by the military, you'll be in great shape to own a home! If maintenance is concern, there are several neighborhoods where you can find a nice small yard, with a newer home, to have upkeep to a minimum. I'd love to help you with your search, or answer any questions that you have about military life in northeast Florida!
Web Reference: http://www.lorilareau.com
0 votes Thank Flag Link Wed Jan 21, 2009
Hi Ms. Burke,
So much of it rides on your lifestyle and how long you might be in Jacksonville. I would overall say a singlefamily home, if money is not real tight and space is more of a concern. I have found out over the years that most young first time military home buyers, want to get away from apartment type living.
Let me know if I may assist you further either by email or phone. Contact me through my website at http://www.jacksonvillehomes4u.com

Best wishes for you and yours,
Larry
0 votes Thank Flag Link Tue Jan 20, 2009
Hello Ms. Burke:

The answer to your question depends on whether you are available to do yardwork and care of the exterior of a home, where you want to live in relationship to the base and what is the market like for resale value in the area you are moving to. Which base are you going to be stationed?

Good luck in your search. I would be happy to assist you in the Jacksonville area.

Kind Regards,

Jan Ostler-Walker, GRI
Realtor
Prudential Network Realty
Cell 904.233.0848
Email jan.ostler@prudentialnetworkrealty.com

PS Please note my website which will be a wealth of information re the housing market in Jacksonville.
0 votes Thank Flag Link Tue Jan 20, 2009
Margaux,

Hello again. It's really based on your needs. If you have pets and want a fenced back yard, and you don't mind doing yard work a house would be good. If you don't want to deal with yard maintenance a townhome might be better. It also has to do with how much space you need and how much you can afford. With townhomes, you will have HOA fees mothly in most cases that can be at least $150/month. After you speak with a couple of mortgage lenders and find out what you can afford, you can look at homes and town homes together if you are unsure. Then when you see how much home you can get for what you can afford, then you can start to make adjustments along the way. Some lenders are reluctant to lend on condos because the values have dropped so much so be sure to ask yours. I live in a townhome and it's two stories. I like it because my living space is separate from the entertaining space. However, I wil be having a child and adding another dog so I will will be looking at houses soon. It's about what you want and your current needs. Also, with the short sales, you may want to start looking as soon as possible. Sometimes making offers on these proeprties you will be waiting for 30-90 days for an answer from the banks. I hope this helps.
0 votes Thank Flag Link Tue Jan 20, 2009
Margaux, do you have children? Is a yard important to you? If your husband is in the military and not you ,will he be deployed? Single family works if you don't mind maintenence and condo works otherwise. But, remember condos come with condo fees. Jack
0 votes Thank Flag Link Tue Jan 20, 2009
SUGGESTION: what are your short/long term goals, do you have a family, intent start a family perhaps a home condo/ single family has a yard. Keep in mind if you sale a property costs you money in realtors fees and closing costs. Best purchase a home you grow into than grow out of. You receive annual tax benefits great time purchase
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Jan 20, 2009
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