A new year and a new decade is here. Can you remember where your life was at the beginning of 2010?
While 2030 may seem a long ways away it’ll be here before you know it. When dealing with housing and property, staying true to your goals over the next decade will make a big difference. Call it the long game, patience, or simply smart.
If you’re switching from a renter to a homeowner, make sure you calculate not only the cost of the purchase but also the monthly outflow needed to maintain the new property. For example, a homeowners insurance policy costs more than a renters insurance policy and often your utilities cost more too.
There’s also maintenance and household projects that will catch your attention.
Perhaps you’re looking into a rental property to provide an extra source of revenue. Places like Blacksburg, Salem, and Roanoke are hot markets for townhouses and single-family rentals. Again, think about the costs associated with renting out and the additional liability exposures.
Even secondary or seasonal homes comes with their own set of tasks.
2020 is the start of a good year, and an even better decade. Take the time to plan out your investments and give yourself time before you make a decision.