Arguably, now’s a great time to buy a home; at least when it comes to affordability. According to economists with the National Association of Realtors, the Housing Affordability Index, a measure of the relative affordability of purchasing a new home, is at the highest level since the index was created in 1971.
Whether you’re looking to buy a primary residence, an investment property or a vacation home in Naples, Bonita Springs or Estero, Florida, one of the first questions you should ask yourself is what type of property to consider. Are you considering a single-family home? Or, perhaps you’re thinking about a condominium or a townhome?
You may have your emotional preferences, but there is more information to consider before you make a rational choice. While your Realtor® can help you make the best decision for your lifestyle, you should be aware of the nuances of each property type. Click here for a comprehensive list of property types and what to expect. Happy hunting!