In a bid to contain the spread of the COVID-19, authorities in the United States have urged people to practice social distancing and stay at home unless it is necessary for them to go outside. A lot of states, including Florida, have already issues stay at home orders, and therefore, residents are being forced to spend more time at home now than ever before. Unfortunately, this has had negative implications on many people’s sources of livelihood. But amid all these difficulties, we have been reminded of more reasons why we need to buy a house as discussed below.
If you have lost all or a part of your income as a result of COVID-19, it can be quite difficult for you to convince your landlord to reduce your rent or wait until you are back to work. On the other hand, banks and mortgage companies are more flexible, and therefore, you can explain your situation to them. In other words, lenders are nicer than landlords, and they are more likely to listen to you and allow you to renegotiate your mortgage terms of payment during such difficult times.
If you live in a rented apartment, you probably already know how difficult social distancing can be for you and your family. Somehow, you will still meet your neighbors in common areas such as the elevators, laundry room, and parking garage among others. On the other hand, if you already own a home, these amenities will most likely not be shared, and therefore, you and your family will be in a better position to avoid meeting people who could be infected with the novel coronavirus. In other words, buying a home will afford you better social distancing.
Living in a rented apartment does not come with the luxury of allowing you to grow some vegetables in the backyard. This is because once you step outside your door; you are already in the common area. This means that you have to buy all your food from the grocery store. On the other hand, when you buy a home, you can convert a section of your backyard to a vegetable garden. In addition to saving you some money, this will give you access to healthy fresh vegetables and even reduce your reasons for going outside during a time when staying at home is a public health necessity.
If you live in a two or one-bedroom apartment, stay at home orders are going to make you realize how limited your space is. With the orders in place, it is going to be quite challenging for you and your family to spend several weeks or months in the living room. On the other hand, if you own a home, you will have more space for you and your family to engage in more activities. For instance, you can relax and even exercise in your front yard.
Overall, it is apparent that the importance of owning a home cannot be overemphasized, particularly during the COVID-19 pandemic. But if you are planning to buy a house in Southwest Florida, it is imperative for you to work with a reliable title company. This will protect you from scammers and consequently ensure that your investment is secure.