Advanced Search

$ 0 to $ 5,600,000

we found 0 results
Your search results

Why buy a home instead of renting in Florida? Hidden Savings Secret

Posted by Marie on December 29, 2019
| 0

Buy or rent a home in Florida

Why buy a home instead of renting in Florida? Owning a home is part of the American dream. But it doesn’t really have to be just a dream.

Let’s look at why buy a home instead of renting: 

 

1.- Building wealth and buying up

Many think that buying is for those who want to settle but statistics say that most homeowners will go through several homes in their lifetime. This is because when you purchase and want to move, that initial home can help you purchase the second one or become an investment home for rental.

2.- Interest rates

Today’s interest rates are at their lowest levels. Home prices are more affordable today than they were in the entire past decade.

Owning a home is often less expensive than renting – even without looking at the biggest hidden secret to savings.

3.- Tax savings

In fact, tax savings and benefits are often unknown to new and prospective homeowners. Let us explain. When you pay mortgage interest on your primary residence rather than rent, you get to deduct these expenses on your tax return.

But not only that! Even as you move into your own home, you get to claim more exemptions with your employer immediately. That means you will see an immediate increase in your monthly take-home pay because less tax will be withheld from your monthly paycheck.

If you account properly for the tax savings, owning a home can cost up to 30% less than renting, and sometimes your savings can be even greater.

4.- Freedomwhy buy a home instead of renting in floirda

The “Power of Ownership” and being able to do what you want in your own home without having to ask your landlord are just two great benefits. Add to that the actual savings through tax benefits, principal pay-down and low-interest rates, and you will agree that it does not make sense to keep renting.

 

How can you become a homeowner in Florida

If you are still thinking that you can’t afford to own because you have been turned down for financing before, start the easy homeownership process with PES Homes right now!

Knowledge is power and that is what we bring to you. Our program is specifically designed for you because we believe in you and believe that you have a right to own.

Our job is to show you how to put that plan in action.

Just contact us.

 

Leave a Reply

Your email address will not be published.

Compare Listings