Not only is buying a home exhilarating, but it's also one of life's greatest accomplishments. There are many advantages to having your own property, even though it might be difficult at some point.
Renting, on the other hand, can be a terrific short-term option for deciding where you want to live and for accumulating funds for your down payment on a home loan.
So, which one should you choose?
In this post, we’ll help you decide whether having a home or renting out is for you.
There are several benefits of renting a home, some of which include:
Flexibility: Renting a home offers a great deal of flexibility as you are not tied down to a long-term commitment. Most rental agreements are for a fixed period, after which you have the option to renew or move to another location. This makes renting a great option for those who frequently change jobs or move frequently.
Lower Upfront Costs: Renting a home requires a lower upfront cost compared to buying a home. You typically only need to pay a security deposit and the first month's rent, whereas buying a home requires a down payment, closing costs, and other expenses.
No Maintenance Costs: When you rent a home, the landlord or property manager is responsible for any maintenance and repairs. This means that you don't have to worry about unexpected expenses related to repairs, which can be a significant benefit.
Access To Amenities: Many rental communities offer access to amenities such as swimming pools, fitness centers, and laundry facilities. This can be a great perk for those who want to enjoy these amenities without having to pay for them separately.
No Property Taxes: As a renter, you are not responsible for paying property taxes. This can be a significant benefit as property taxes can be a significant expense for homeowners.
No Need To Worry About Resale Value: When you rent a home, you don't have to worry about the resale value of the property. This can be a great benefit if you are not interested in investing in real estate or if you don't want to deal with the stress of selling a property.
Increasing Equity: The value of the property you own represents your equity. When you pay off your mortgage or when the market value of your property rises, equity might naturally increase. Making additional mortgage payments can also help it grow.
If you've made additional payments to your loan, you may be able to redraw it or refinance for a cash-out. The money can then be utilized for remodeling, purchasing a new vehicle, or even as a down payment for a different home.
Living Security: The landlord, who may decide they no longer wish to rent out their property, is in charge of your position when you rent. Relocating is expensive, inconvenient, and emotional, to say nothing of all three. When you own your own house, you can rest easy knowing that you get to choose when to relocate.
Build The Home Of Your Dream: You can opt to completely redo the bathroom with a jungle theme or to paint the walls in vibrant colors without worrying about getting your bond back when you own your own property, giving you total creative freedom. House upgrades can raise a property's value, thus every dollar that your house has appreciated will be yours if you decide to sell. Get our guide to getting your home renovation off the ground.
Cost Management: Your rent may be increased regularly if you rent. While owning a home entails a variety of costs, including mortgage payments, council fees, and strata or property insurance, these costs are not likely to increase significantly overnight.
By selecting a fixed-rate home loan, you might in some cases even be able to keep your rates under control.
Save Cash: Although it may not seem like it, you might save money by making your mortgage payments. Many repayments combine principle and interest, allowing you to contribute some funds to expanding your home's ownership. Although renting could appear to be less expensive, you won't eventually get any of that value back.
Nonetheless, it has its own pros and cons. If you want to learn more about it, feel free to click this link or subscribe to our mailing list.
Thank you!
Looking for pet-friendly homes is not an easy endeavor, especially if you have a pet to take into account. It doesn't matter if you're a renter wanting to buy or a homeowner looking for more (or less) square footage. Once you've located what you believe to be the ideal home, you'll need to confirm that your furry family members will be comfortable there as well. To assist your family in deciding whether the next area you move to will be a good fit for you and your pet, our team at Indy Home Pros of RE/MAX Advanced Realty has provided the following advice.
A pet-friendly home is a home that welcomes and accommodates pets, usually cats and dogs. This means that the home is designed with features that make it safe and comfortable for pets to live in, such as a fenced yard or a designated pet area inside the house.
A pet-friendly home may also have pet-specific amenities, such as a pet door, a feeding station, or a space for a pet bed.
In addition to physical accommodations, a pet-friendly home may also be located in a pet-friendly community, where there are ample opportunities for pets to exercise and play, and where there are nearby pet stores and veterinary clinics. A pet-friendly home may also have rules and guidelines that help ensure that pets and their owners can coexist peacefully and comfortably.
Will your pet be usually indoors or outdoors?
Do you anticipate your pet running about the home or yard?
Choosing a home with spacious rooms and corridors will provide your pet with lots of areas to run around and play if the answer is inside.
You might also want to take into account a house that includes a room or area inside that you can "fence off" so that your pet can relax when visitors are over.
Keep the flooring in mind as well if your pet will be an indoor/outdoor pet.
Wood flooring is becoming more and more common, but it can also get scuffed easily.
Muddy paws are a part of owning a pet, so if you prefer carpet, just be aware of that. Choose a hue that won't show a lot of use and abrasion. Make sure there is space in the yard for a comfortable dog home and plenty of shade for hot summer days if your pet spends most of its time outside.
Are there dog parks and nice walking paths if you have a dog?
For you and your pet, great walking places and parks are undoubtedly a necessity. It's a terrific way to spend time with your pet on relaxing weekends, and it will encourage you both to walk and exercise more frequently. Good walking paths should have many options for routes, be spacious with a low threat from traffic, and have a nice setting.
Are there any pets nearby?
It can be excellent to have other pets nearby occasionally so that your furry family member can socialize and make new pals.
Nonetheless, some animals have issues with their nearby furry companions. Your ability to judge whether your pet requires extra space will depend on his or her nature.
Since they have tails, good fences do make nice neighbors. But if you haven't already, you should think about getting your pet health insurance because pets can be unpredictable.
Is there enough room for running and playing?
Is it now dog-friendly or do you need to make some immediate landscaping changes and even put up a fence?
Keep in mind that an enhanced yard for your pet doesn't necessarily mean an upgraded home.
Be sure the square footage of your new home is acceptable for the breed of dog you own if you're moving into an apartment or condo.
Compared to a Domestic Shorthair cat or a Chihuahua, a larger dog like a Doberman Pincher will require a lot more area.
How old is your pet?
Do you have a senior indoor pet?
If so, taking the stairs might not be the greatest option for your pet, particularly if he is displaying arthritis symptoms. As they continue to develop their coordination, puppies may also have trouble climbing stairs.
Does your real estate know you're a pet owner?
It seems fairly straightforward, yet a lot of real estate agents fail to inquire about the presence of pets in the home-buying process.
Your real estate agent can focus on properties that are more pet friendly if they are aware that you have pets. Inform them of your search criteria and those of your pet.
Want a new home for you and your fur babies? Our team at Indy Home Pros is here to help! Leave a comment or call us at 317-316-8224 today!
You will have a variety of options when it comes to investing in real estate.
Foreclosed homes are one item you'll run into if you're seeking investments. Despite their widespread use, few people consider purchasing them as investments.
If this is your first time hearing about foreclosed properties, you might be wondering what it means -- what are foreclosed properties really about?
If that's the case, you're in the right place. In this post, we'll answer that and more!
A foreclosed property is a property that has been repossessed by a lender or a bank as a result of the owner's inability to keep up with mortgage payments. This can occur when a homeowner defaults on their mortgage loan, typically due to financial hardship, and is unable to make the required payments to the lender.
When a property is foreclosed, the lender or bank takes possession of the property and attempts to sell it to recover the outstanding balance on the mortgage loan. Foreclosed properties are often sold at a discount compared to their market value, making them attractive to investors or buyers looking for a bargain.
However, it's important to note that purchasing a foreclosed property can come with risks and complications, such as liens or outstanding debts attached to the property, as well as potential repairs and maintenance issues. It's important to thoroughly research and understand the potential risks and benefits before considering purchasing a foreclosed property.
Purchasing a foreclosed property can offer an opportunity for a good deal, but it's important to carefully consider the potential risks and complications involved. Here are some things to consider before purchasing a foreclosed property:
Overall, it's important to thoroughly research and understand the potential risks and benefits of purchasing a foreclosed property before making an offer. Consulting with professionals and conducting due diligence can help mitigate risks and ensure a successful purchase.
Buying a foreclosed property can be a good investment opportunity, but it also comes with some risks and challenges. Here are some factors to consider before making a decision:
Before deciding to invest in a foreclosed property, it's important to do your research and assess the potential risks and rewards. You should also work with a real estate agent who has experience with foreclosures and can guide you through the process.
Want to invest in foreclosed properties? If yes, our team at RE/MAX Advanced Realty is here for you! Contact us by clicking this link.
It's the month of Love! If you're looking for a restaurant in Indy to have a romantic dinner, a place to celebrate friendship, or anything in between this Valentine's season, RE/MAX Advanced Realty has you covered. Our agents, Ashley Abbott, Josh Latham, David Cook, and Cate Waggoner-Lee, shared their favorite restaurants in Indy with a romantic atmosphere.
(317) 257–2253 ext. 3 ( both locations)
This beautifully decorated cake shop welcomes its client with a magical fairytale-themed decoration (Broad Ripple Village) or hundreds of Swarovski crystals glistening on many chandeliers ( Carmel City Center). Wherever store you choose to visit; you are sure to enjoy an unforgettable experience of a great atmosphere, sumptuous dishes, and delicious desserts.
Coopers Hawk Winery & Restaurant
AVON 8696 E US Hwy 36 Avon, IN 46123 | 317-806-1234
INDIANAPOLIS 3815 E 96th St Indianapolis, IN 46240 | 317-574-9463
Perfectly for wine lovers, this restaurant invites everyone to experience memorable moments built upon delicious food and award-winning wines. They offer a Modern Casual Dining Experience with warm hospitality in an inviting upscale setting and a Napa-Style Tasting Room and Artisanal Markets where guests can explore and expand their palates and enrich their wine journey.
Downtown Indianapolis | 153 South Illinois St., Indianapolis, IN 46225 | 317 635-9594
Northside Indianapolis | 4050 East 82nd St., Indianapolis, IN 46250 | 317 915-8045
A must-go for grill lovers, Harry & Izzy's is a sister company of the famous St. Elmo Steak House. It is an independent, upscale, classic American Grill with an ambiance exuding class and sophistication in a comfortable setting with a lively bar centered in the restaurant and a broad menu of tasty dishes.
299 W Main St Greenwood Indiana 46142 | contact@reverygreenwood.com | 317-215-4164
This mid-sized restaurant in the family-friendly, uniquely charming neighborhood of Old Town Greenwood offers high-quality food & drinks in a modern-meets-rustic environment. They utilize the freshest ingredients to bring homemade dishes straight to your table.
Wonderful food, superior service, and an enchanted ambiance are what you can expect in this restaurant. They are dedicated to creating memorable moments for their guests by providing exceptional quality and value. They offer a wide variety of menus that surely won't disappoint.
8031 S. Meridian St. Indianapolis, IN 46217 | 317-888-1112
This restaurant is for you if you enjoy eating Italian food in a relaxed and cozy ambiance. Vito Provolone is a family-owned Italian restaurant on the Southside of Indianapolis that has been serving pasta, pizza, and house favorites such as Chicken Marsala & Spicy Vodka Sauce for decades.
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RE/MAX Advanced Realty just listed the Iconic Mug-n-Bun for Sale! This vintage drive-in has been serving fine food on Indy's West side since 1960. Located just a stone's throw away from Indianapolis Motor Speedway, Mug-n-Bun has been a staple to the community for 63 years. They have served generations of Speedway diners, including race lovers, tourists, and Hoosiers.
Featured on an episode of the television series Man Vs Food, Mug-n-Bun Indiana is well known for their burgers and homemade root beer . They also serve tenderloins, hand-dipped onion rings, milkshakes, and healthier options like grilled chicken, salads, plus so much more! Mug-n-Bun has something for everyone, and one can eat however they want with their various dining options - In car service for the drive-in traditionalists, at their outside picnic area, or at their indoor seating. They also accept call-ins for pick-up orders and offer the option to rent their facilities for special events.
Currently owned by master electrician Jay Watson, the business was purchased 23 years ago as his retirement project. Now that he is 63, he decided that he is ready to get out of the restaurant business, hence the decision to put the booming restaurant business up for sale.
Listed at $2,199,000 by RE/MAX Advanced Realty's top commercial agent Keith Turnbill, 5211 W 10th St. Speedway, IN 46224 is located right at the heart of Speedway on nearly 2.50 acres.
The sale includes:
All that one could need to keep the business running.
In an Interview with Indy Star, Mug-n-Bun owner Jay Watson said that he is proud of both the service and delicious food they have served throughout the decades.He hopes that whoever buys the Mug-n-Bun will continue the business. If there's one piece of advice he can give to whoever buys his business, it's the same advice he received shortly after taking over. "Don't change anything" If ain't broke, don't fix it. With over 3000 positive Mug-n-Bun reviews on their google page, many agree with Mr. Watson.
Have you already dined at Mug-n-Bun in Indiana and tried the Mug-n-Bun special? What are your favorite dishes?How do you feel about the sale of this iconic Drive-in in Speedway? What's your favorite memory while eating at this diner? Leave your thoughts in the comment section below!
If you have any real estate related questions about the listing, contact RE/MAX Advanced Realty Greenwood Office's Head of Commercial Division, Keith Turnbill at 317-626-0800 or drop by our office at 65 Airport Pkway Ste 140 Greenwood, IN 46143
Home is where the heart is; for many, that's in Indiana. It is sometimes referred to as "The Crossroads of America" due to its central location and extensive network of interconnected roadways.
You might ask, "Is it a good idea to move to Indiana?" To answer your question, this article will outline some of the most captivating and significant advantages of relocating to Indiana, whether you are looking for apartments for rent in Indianapolis or homes within the state.
Many tourists and families with young children choose to have their vacations in this state because it is a well-liked vacation destination.
In addition, some of the questions you have can be answered by reading the rest of this post. However, you should get yourself ready because we will go over several essential benefits of why you should consider moving to Indiana.
Below are the seven fascinating pieces of info about moving to Indiana that you may indeed consider why you should move to Indiana:
The cost of living in Indiana is around 18% lower than the average in the United States, making it one of the most affordable states in today's country to make your home. This can be attributed partly to the fact that the cost of housing in Indiana is far lower than the average cost across the country. Because Indiana has a relatively low cost of living compared to other states, it is easier for people to make a living there. The average sale price of a home across all 50 states is $412,000, whereas the median sale price in Indiana is $255,000. This compares to the national average sale price of a home, which is $412,000.
The Indiana Dunes National Park and the Indiana Dunes State Park can be found in the area located further north and next to Lake Michigan. Both of these parks may be found in the Indiana Dunes region. More than 200,000 acres of property are included in the Hoosier National Forest, which may be found in the state's southeastern part.
Living in Indiana has its benefits, one of which is the state's commitment to preserving its natural resources. In addition to its state parks, Indiana is also home to three national parks, making the total number of parks in the state a stunning 24. You can also have access to a large number of lovely green parks as well as other amazing outdoor sights if you want to move to Indiana.
You'll be able to satisfy almost any food craving in Indiana, which is home to various restaurants serving various cuisines. The state of Indiana, also known as the "Hoosier State," is well-known for a variety of different foods, including peanut butter and hamburgers, chicken and waffles, dough, chili and noodles, and popcorn. The state's restaurant and food scene are very fantastic. A fun fact is that Orville Redenbacher, famous for the popcorn brand that bears his name, was born in Indiana.
If you have ever lived in a city or a city-like location with a lot of traffic, like New York City, Chicago, or Atlanta, you are familiar with the battle it can be to get to and from work on time, as well as to keep dinner reservations on schedule. Moving to Indiana will allow you to spend less time commuting. Also, you can have more time to engage in the activities you enjoy, whether settling in a large city or a small town. There is some road traffic on busier roads, but it is still manageable.
You can also go to Lake Michigan and participate in sports like boating, kite surfing, scuba diving, and fishing while you're there. Indiana offers quite a few to choose from if you're interested in visiting museums, including the Indianapolis Museum of Art, the Children's Museum, and the Indianapolis Motor Speedway Museum, amongst others. In addition, day visits to neighboring cities such as Chicago or Cincinnati are easily accessible from Indiana, making this state an excellent choice for vacationers.
Click this link to check out more fun activities to do in Indiana.
If you appreciate living in a place where you can experience all four seasons and their benefits, you should move to Indiana. The summers are mild, with highs averaging approximately 85 degrees. Despite this, the winters may get chilly and snowy, with the lowest temperature averaging 18 degrees in January.
Not only do the educational programs of Indiana's colleges consistently rank among the best in the nation, but the state's universities also have a strong reputation in the realm of collegiate athletics. The state of Indiana is home to Indiana University and Butler University, both renowned for their basketball programs. The University of Notre Dame has one of the oldest football programs in the country. As a result, it is nationally recognized for its college football team.
Several professional sports clubs, such as the National Football League's Indiana Colts and the National Basketball Association's Indiana Pacers, call the state of Indiana their home (NBA). Last but not least, this state is the site of two iconic auto races, the Indy 500 and the NASCAR Brickyard 400, both of which you should watch.
In the United States, Indiana is one of the states with some of the most breathtaking natural attractions, as we can see from the information presented above. It is a good idea to move to Indiana if you want to move to a city with affordable housing options, a low cost of living, and a thriving art and music scene.
Living in Indiana is a wise decision because of its high level of safety and protection. Some one-off events take place here every so often, which can make things more entertaining. Indiana is an excellent choice for those looking to move to a state that offers a higher quality of life.
If you’re interested in moving in or buying a new home in Indiana, REMAX Advanced Realty is here to help. Reach out to us by clicking this link.
Why is real estate a good career choice?
That might be a question most of you have.
There are many reasons why most individuals, especially the ones from management, finance, or business choose real estate as another career to pursue, and one of which is because of the independence it provides.
As a realtor, you work and earn as independent contractors, so basically you are your own boss. You set your own working hours, manage your own priorities, and decide your own goals and process.
That might mean putting in a lot of work, but still, having more freedom and flexibility while earning makes a huge difference in one’s life.
Below are other reasons why real estate is the best career.
Becoming a real estate professional is almost easy. You don’t have to study for more than a year, take board exams, or basically, wait for a longer time to be one. However, it doesn't mean that it’s an easier option. You still have to invest time, money, and effort to become a realtor; however, educational opportunities are accessible to your advantage.
You can even start as a part-time real estate agent if you want.
Unlike other jobs, your earnings every month are not limited. Of course, it might depend on a few things, such as how well you can start, your dedication and consistency, and your eagerness to grow your business.
A word of advice though: while being a realtor is a lucrative business, there’s no such thing as easy money. Like other kinds of businesses, it takes time and hard work to see results. Also, the goal should not only be about money because if that’s the only reason why you entered the industry, it also might not be enough reason to stay.
As a real estate agent, you need to have passion for what you do, you need to put your clients first, and you need to have a purpose and that is to help people have what they dream.
There's great satisfaction in helping others reach a major milestone. For instance, a newlywed buying their first home, a growing family moving into a bigger place, or an independent individual finally getting their dream place.
Knowing that you are a vehicle to reach their goal provides a different kind of emotion. It can be fulfilling or rewarding, especially when you have the passion to give back.
If there's one thing that’s constant about real estate, it is change.
If you don’t want to be stagnant or do the same thing over and over again, real estate is a perfect choice.
In this industry, you are required to keep yourself updated with the new trends, embrace change, and adapt to various markets. Other than that, you will also meet different people which means different kinds of personalities and for some people who love to socialize, this can be very exciting.
When you’re a realtor, you don’t just sell a home – you provide advice and tips and share your knowledge. You become a mentor, coach, and counselor for your potential and current clients.
Also, most brokerages provide training and guidance so you can continuously hone your skills and become more knowledgeable in what you do.
In real estate, you don’t just earn when you work hard; you also receive recognition and incentives, which makes the experience more rewarding.
You get cash or travel incentives, and these become more satisfying because you’re not doing it for anyone else but yourself.
Some people find fulfillment in helping others while some are fascinated with touring beautiful homes and transforming spaces. They have a passion for decorating a place and choosing upgrades to make the place more appealing. The idea of doing the things you love and earning from them sounds surreal, but it is possible in this career.
These are just some of the things that make a real estate career an exciting one. Can you think of something else? If yes, feel free to share them in the comment section!
Eating out is a quick and easy way to bond with the family. It’s also a nice treat for the adults to skip meal preparations and doing the dishes. 
Make it even better by scoring Kids Eat Free Deals at these restaurants located in and around Central Indiana.
For Books & Brew menu and complete promo info, visit www.booksnbrews.com
Find the Denny’s nearest you: https://locations.dennys.com/search.html
Restaurant information and menu available at www.dickeys.com
Restaurant information and menu available at www.fogodechao.com
Restaurant information and menu available at www.grindstonecharleys.com
Find the MCL Restaurant & Bakery nearest you: www.mclhomemade.com
Restaurant information and menu available at www.oasisdiner.com
Please note: This list includes those restaurants that we could confirm via their social media pages, website or by phone. Kindly check the website or call the location of the restaurant you plan to visit before going!
8313 W. 10th St
Indianapolis IN 46234
dennis@indyhomepros.com
317-316-8224