Buying a home is difficult. Buying a home that will accept your pet can be even more challenging
Many people proudly admit that their pets are part of their family. And in many cases, homebuyers with pets will be considering their animal’s needs when looking for a home. This can add complexity to the home buying process, as you have to find a community that approves of your furry friend, sometimes within certain size and breed requirements.
If you have yet to add a pet to your family but are considering doing so in the near future, you might want to consider where you’d like to live first. After all, the last thing you want is to have your favorite family member stand in between you and your dream home.
1. Not every Homeowner’s Association allows pets.
Some HOAs prohibit pets and, if they do allow them, the association’s bylaws most likely address what is allowed in terms of the number, types, sizes, and breeds. Many HOAs strictly enforce these bylaws with severe penalties for those who violate their regulations. Regardless of whether you have a pet at the time you purchase your home or not, it is important to read your HOA documents very carefully before you buy.
2. Your pet could prevent you from getting some types of homeowners insurance
As one of the most common pets, dogs can also be risky, when it comes to insurance. While most homeowner’s policies cover dog bites, breed is a key factor when it comes to restrictions. Many insurers won’t cover muscular canines that can potentially inflict severe harm, even though the stereotypes about these breeds aren’t necessarily true. If you’re planning on getting a dog for a pet, you should consider the type of home you’d like to purchase and review insurance options before doing so. Your pet could raise your rates, or prevent you from being insurable with certain providers.
3. Homes are expensive, as are pets.
It is not recommended to get a pet and a home around the same time, as both are costly investments with a lot of unforeseen fees. A home purchase comes with property taxes, closing costs, and mortgage rates, of course. When it comes to your pet, in addition to food and toys, you’ll also want to factor in vet bills, grooming, flea and heartworm medications, and potential training costs. While some of these costs are accrued over time, you want to make sure you’re ready to be responsible for accruing both.
Once you get a pet, it will be hard to imagine life without them. However, you should make sure you are prepared by having the right home and the financial backing to support them before making the leap. Find your perfect home that is free and clear of HOA restrictions, and then find the perfect pet to fit your new community.
Dante Disabato can find the best home for you and all of your future family members in Southwest Florida. Fill out a contact form today to get the process started.