Benefits of Buying a Home in Florida
If you’re still looking at the potential benefits of buying a home in Florida, then look no further because Florida is a nice place to own a house.
Florida is a popular state in the United States known for its good weather and beautiful lifestyle.
The Sunshine State has a flourishing real estate market, thanks to people from around the world who want to buy a vacation home for themselves or simply invest in its burgeoning real estate market. As a result, home buying has become fast-paced and the seller’s market is really competitive.
Top 5 Benefits of Buying a Home in Florida
Low Mortgage Rates
Florida has relatively low mortgage rates compared to other states in the U.S. At present, a 30-year fixed-rate mortgage averages 5.42% across the U.S. whereas it’s 5.125% in Florida, US Bank statistics shows. However, experts predict that mortgage rates in Florida may increase in the near future.
Expensive Rents
Rents are expensive in Florida, especially in South Florida. Rent in South Florida alone has increased by about 50% in the last few years. Similar price hikes have also been noticed in other places in Florida. While the reasons for expensive rents in Florida are still a subject of debate, the trend is not unconnected to an increase in demand for rental property.
Investment Potential
Florida has a huge investment potential. The Sunshine State has a strong real estate market, thanks to its constantly growing population which continues to attract people from all over the world. So, you can take advantage of the huge population of Florida and invest in its real estate sector.
Tax Relief
Florida is a nice place to own a house because you’ve got a lot of tax benefits to enjoy. There’s no income tax. You’ll also worry less about the payment of estate tax, or death tax, which was previously charged on the transfer of a dead person’s estate as it has now been abolished. Apart from income and estate tax benefits, you still have property tax benefits to enjoy if you buy a house in Florida.
Nice Weather
Perfect weather is one of the unique selling points of Florida. Florida has 10 full months of warm weather and you’ve got to enjoy its beaches for the long haul. No wonder it’s called the Sunshine State. So, if you love summers, Florida is the best place to go and then get a house of your own.
More than its beaches, snowbirds and perfect weather, there are still many other benefits of buying a home in Florida such as its low mortgage rates, expensive rents, real estate investment opportunities and tax relief.
How Vilmari Caraballo Can Help
If you’ve made a choice today to go get your own home in Florida, Vilmari Caraballo is here for you.
Vilmari has vast years of experience in the real estate industry and has closed a number of transactions in a career spanning several years.
She’s honest, open to communication and committed to providing the best experience for you, whether you’re buying or selling a home anywhere in Florida.
Call Vilmari today on +1 407-583-9870, send her an email or visit her office at 540 E Horatio Avenue, Suite 100, Maitland, FL 32751 to get started.
Author Vilmari Caraballo
