WHAT IS COST OF LIVING

Cost of living is explained as the amount of money required to maintain a certain standard of living in a particular area. It encompasses various expenses, including housing, food, transportation, healthcare, education and necessities. The cost of living can vary significantly from one location to another and it is often used to compare how expensive it is to live in different cities or countries. Factors influencing the cost of living include regional economic conditions, demand for goods and services and local taxes. There are strategies many can use to reduce cost of living and here are a number of ideas. Budgeting can immensely help, creating a detailed budget helps track income and expenses allowing individuals to identify areas where they can cut back. 

As for housing decisions, opt for more affordable home and options to include inflation on taxes, homeowners insurance and homeowners association. Look for an energy efficient home to include appliances to cut cost on monthly utilities. Shopping smart goes a long way from January through December, look for sales to include buy one get one free.

INFLATION

Inflation can occur at any given time, this can be caused by many instances to cause rising prices on goods, food, services, materials, parts and much more. Consumers will have to pay much more than normal for items. Inflation decreases purchasing power from all consumers. Provided wages do not keep up with wages and the pace of inflation, consumers will hold back on purchasing goods on items that they previously could afford. Therefore this decreases purchasing power along with a decrease in their standard of living.

The cost of borrowing becomes more expensive and this can affect individuals looking to take out loans for homes or cars. With consumer behavior, as the cost of living rises due to inflation, you will find their spending habits can easily change. This will focus on looking at less expensive options to reduce overall consumption. Overall, inflation could create challenges for individuals and many families, making it essential to monitor economic conditions and adjust financial strategies accordingly. Click link to learn more about inflation /INFLATION---32819---32836---Dr--Phillips-6-22829.html

Your trusted advisor should have lenders awaiting to educate you even more on timing  and preparing yourself to purchase a home.

TRUSTED ADVISOR

As a trusted advisor, professional realtor and military veteran I am here to serve you in the Dr. Phillips and Central Florida housing market whether it is selling or a purchase of a home, local housing crisis or local housing market. In the absence of up to date and trustworthy information, real estate decisions are increasingly driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community to ensure you are making the right decision.

Part of my job is to keep you informed and educated on the local housing market trends, pricing inventory level along with the buying and selling process to include common terms and videos. It's important to keep up to date on the housing market trends, don't get confused with the media, they talk national level, I can provide you the most up to date current local area data.

So don't let this shifting housing market delay your dreams, data reveal home values typically appreciate over time and that gives your net worth a nice boost. When you are looking for a home, look for a realtor with the heart of a teacher. If you are ready to start your journey, contact Kevin Strawter at 850 496-6412 to begin a new walk to homeownership and all your real estate needs. Referrals always welcomed.