That's exactly the saw I have at home. Well, mine's green. I've got a 24" Laguna at the shop, and I actually like the Griz better. Gotta have the big one for resawing veneers though, so need the capacity to rip up hardwoods that may be 18" wide. And if starting fresh, I'd buy a big Grizzly.
$500 in your door is a great price, IMHO.
Set up is critical with any bandsaw, and check it often. Use sharp blades, and carbide if you can afford them. For your use, one will probably last you years--unless you break it. I un-tension the blade every time I shut the machine off (after it runs down, of course).
Look on-line. You'll find lots of info on good set up.