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	Orlando real estate - Buyer tips You may ask "why should I be rather buying my Orlando home instead of renting an apartment?" There are several advantages of real estate ownership, especially if the house is your primary residence. 7 Reasons to Own Your Own Home 1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in purchasing your home. In Florida your vacation property can also qualify for the tax break as long as it is not rented out and is used as a secondary residence. 2. Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. And while there's no guarantee of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORS found that a typical homeowner has approximately $50,000 of unrealized gain in a home. Lately there has been gains of up to 20% in certain neighborhoods in central Florida. Some houses have appreciated even more. 3. Equity. Money paid for rent is money that you'll never see again, but mortgage payments let you build equity ownership interest in your home. 4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax. 5. Predictability. Unlike rent, your mortgage payments don't go up over the years (if you have a fixed rate mortgage) so your housing costs may actually decline, as you own the home longer. However, keep in mind that property taxes and insurance costs will rise. 6. Freedom. The home is yours. You can decorate any way you want and be able to benefit from your investment for as long as you own the home. 7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity. Print PDF flyer of this page	Featured Listings Buyer Tips Tips for finding the perfect neighborhood Buying in a tight market Your property wish list 10 things your lender needs from you What your home inspection should cover 5 things to understand about homeowners insurance What not to overlook on your final walk through What to keep from your closing Seller Tips Get Info Package View Video Links Email us Glossary
Metro Orlando Cities and Communities Alaqua Apopka Bay Hill Bella Colina Belle Isle Casselberry Celebration Chuluota Daytona Beach Debary Deland Deltona Dr Phillips Geneva Gotha Heathrow Hunters Creek Isleworth Keenes Pointe Kissimmee Lake Brantley Lake Forest Lake Mary Lake Nona Longwood Maitland Metrowest New Smyrna Beach Orange City Orlando Oviedo Poinciana Ponce Inlet Sanford Sweetwater Tuscavilla Waterford Lakes Wekiva Windermere Windsong Winter Garden Winter Park Winter Springs Central Florida Counties Lake County Seminole County Orange County Osceola County Volusia County
Copyright 2005 - Malte Strauss - office phone 800-771-0031 extension 298 - direct line 407-416-9659 - fax 407-650-2769 All information believed to be correct but not guaranteed. Usage of information at your own risk. Southern Realty Enterprises, Inc. is an Equal Opportunity Company. Equal Housing Opportunity. Each office is independently owned and operated.

Main Page Resale Homes New Construction Area Information What is our house worth Contact us

Orlando real estate - Buyer tips

You may ask "why should I be rather buying my Orlando home instead of renting an apartment?" There are several advantages of real estate ownership, especially if the house is your primary residence.

7 Reasons to Own Your Own Home

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in purchasing your home. In Florida your vacation property can also qualify for the tax break as long as it is not rented out and is used as a secondary residence.

2. Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. And while there's no guarantee of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORS found that a typical homeowner has approximately $50,000 of unrealized gain in a home. Lately there has been gains of up to 20% in certain neighborhoods in central Florida. Some houses have appreciated even more.

3. Equity. Money paid for rent is money that you'll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability. Unlike rent, your mortgage payments don't go up over the years (if you have a fixed rate mortgage) so your housing costs may actually decline, as you own the home longer. However, keep in mind that property taxes and insurance costs will rise.

6. Freedom. The home is yours. You can decorate any way you want and be able to benefit from your investment for as long as you own the home.

7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

Print PDF flyer of this page

Featured Listings

Buyer Tips

Tips for finding the perfect neighborhood

Buying in a tight market

Your property wish list

10 things your lender needs from you

What your home inspection should cover

5 things to understand about homeowners insurance

What not to overlook on your final walk through

What to keep from your closing

Seller Tips

Get Info Package

View Video

Links

Email us

Glossary

Buying my orlando home, real estate, houses, Southern Realty Enterprises, Inc., Your Realtor for the central florida market

Metro Orlando Cities and Communities

Alaqua Apopka Bay Hill Bella Colina Belle Isle Casselberry Celebration Chuluota Daytona Beach Debary Deland Deltona Dr Phillips Geneva Gotha Heathrow Hunters Creek Isleworth Keenes Pointe Kissimmee Lake Brantley Lake Forest Lake Mary Lake Nona Longwood Maitland Metrowest New Smyrna Beach Orange City Orlando Oviedo Poinciana Ponce Inlet Sanford Sweetwater Tuscavilla Waterford Lakes Wekiva Windermere Windsong Winter Garden Winter Park Winter Springs

Central Florida Counties

Lake County Seminole County Orange County Osceola County Volusia County

Copyright 2005 - Malte Strauss - office phone 800-771-0031 extension 298 - direct line 407-416-9659 - fax 407-650-2769
All information believed to be correct but not guaranteed. Usage of information at your own risk. Southern Realty Enterprises, Inc. is an Equal Opportunity Company. Equal Housing Opportunity. Each office is independently owned and operated.