About one month ago, I was asked to do a presentation on the benefits of home ownership. So, I did some research and found alot of beneficial information that I thought would be helpful for those who are thinking about purchasing a home.
You will love the feeling of a home that's all yours. But there's a much better reason to own a home of your own. It's also just about the best investment you can make. Over the past 30 years, the median price of existing homes has increased an average more than 6% every year in Florida (according to NAR's existing home sales). The appreciation will vary from neighborhood to neighborhood and region to region. But as a general rule, you can pretty much count on a 6% per year increase in value over the long run.
AT first glance, 6% per year may not seem like all that much. After all, stocks (in good times) appreciate more than that. Over the long run, stocks have averaged an annual appreciation of closer to 7%-9% and you earn as much as 6% per year with the safest investment of all a U.S treasury bond. So why buy a home?
Take a second look. Normallly, when you buy a $200,000 house, you don't pay cash for it. You get a mortgage. Let's assume that you use a down payment of as much as 20%. That would be an investment of $40,000 of your own money. All the rest of your home's purchase price is "the banks money." That's right! You bought a $200,000 asset by committing only $40,000 of your own money.
At an annual appreciation rate of 6%, your $200,000 home will increase in value by $12,000 on an investment of $40,000. Your annual "return on investment" is a whopping 30%.
Of course, you are making mortgage payments, property taxes and other maintenance costs. But remember that Uncle Sam allows you to deduct all of the interest expenses and property taxes on your home against your income taxes. So the US goverment is essentially subsidizing your home purchase. Why because the goverment wants you to own your peace of the pie so it gives you an incentive to do so. Remember also that living in an apartment or rented home isn't cheap either and all you're collecting there are ent receipts.
What's this all mean? Simply that over time, the rate of return (or return on investment) on buying a home is higher than almost any other investment you could make. Not to mention that there's a lot of motivated sellers, inventory is high and properties are at an all time low. But even better than that, you get to participate in the "American Dream" owning a home of your own! Susan SoutherlandCentury 21 Sundance Realty
Priced to sell! Pelican Bay Lakefront 2, bedroom 2 bath, open and bright floor plan first floor end unit with formal dining room plus eat in kitchen, inside laundry and enclosed Florida room.
Just steps to the Country Club. Master Assoc. dues $575 annually. Centrally located close to schools and shopping. Easy to show! $99,900Susan Southerland Century 21 Sundance Realty (386)547-1600
Well maintained 2 bedroom ,2 bath condo located on 2nd floor in Yorktowne Estates.
Open & bright floor plan, reserved covered parking with storage unit. Maintenance fees include: exterior insurance, building maintenance, lawn care, water, sewer, trash, community pool and clubhouse.
Recently remodeled brick home with 3 bedrooms/2 baths, new kitchen and appliances, new flooring, crown molding, fireplace, large eat in kitchen with 8X13 dinette area and a 11x19 enclosed Florida room.
Over 1 1/2 acres with two large work sheds w/electric.
Behind the home you can separate into 3 seperate parcels. Mature fruit trees and lush landscaping located in a private setting at end of cul de sac in the heart of South Daytona. Centrally located close to shopping and schools.
Susan Southerland Luta Century 21 Sundance Realty (386) 547-1600.
Serenity awaits you as you enter this impeccably maintained 4 bedroom, 3 bath custom built brick home,
located on the 12th hole of Pelican Bay's North Golf Course. Open, bright floor plan, over 3,000 sq. ft of luxurious living area, heated pool (resurfaced in 2008), large master suite with sitting room, volume ceilings, gas fireplace, central vacuum, alarm system, large eat-in-kitchen, spectacular water views from every room in home. Many upgrades!
Close to shopping, schools and airport. Pelican Bay master association is $575 annually. Susan Southerland-LutaCentury 21 Sundance Realty (386)547-1600 $369,900
Lovely 3 bedroom, 21/2 bath, 2-car garage with spectacular golf course and waterviews!
Open & bright floor plan, master bedroom downstairs, beautiful berber carpeting and tile thru-out, fire place, glass enclosed patio, eat-in-kitchen, family room and den! Move in ready! Call Susan Southerland-Luta for more information on this great home! Century 21 Sundance Realty (386)547-1600. $179,900
Pelican Bay Country Club is located in Daytona's Premier Gated Community, featuring 2 championship golf courses that wind around sparkling waterways and lush foliage.
Serenity awaits you as you enter this lovely 2 bedroom, 21/2 bath single family villa located on sparkling waterway in Prestigeous Pelican Bay.
Open split floor plan, newer carpet and wood floors in kitchen, a/c and roof. Over 1,700 sq ft. of living area, eat-in-kitchen, dining room, large living room w/ wood buring fireplace, screened patio and cathedral ceilings.
Centrally located close to shopping and schools. 24 hour secured community with 2 championship golf courses and country club. Price right $169,900 Susan Southerland Century 21 Sundance Realty (386)547-1600
Maintenance free living at its best! Completely renovated 2 bedroom 2 bath condo located on the 14th tee of Pelican Bay's South Golf Course.
Open & bright, cathedral ceilings w/skylights, fireplace, eat-in-kitchen, split floor plan and glass enclosed Florida room. This home needs nothing... Sellers recently replaced kitchen cabinets & countertops, appliances, fixtures and remodeled both bathrooms.
Custom tile thru-out home (bedrooms are carpeted), freshly painted, wired for surround sound, newer a/c with all new duct work, exhaust fan in garage and leveor blinds thru-out home. Located across from community heated pool. Maintenance fees include water, sewer and trash, lawn, all exterior maintenance, pest control, exterior building insurance and community pool. Priced at $149,900... Call Susan Southerland Luta today to see this great home...Century 21 Sundance Realty (386)547-1600
Lovely 3 bedroom, 2 bath, 2 car garage home located in great Port Orange Neighborhood.
This homes features include; formal dining room cathedral ceilings,
glass enclosed Florida room with ceremic tile, split bedrooms, wood like flooring in dining and living room.eat in kitchen. Move in ready! Call Susan Southerland today to see this great home. (386) 547-1600 Century 21 Sundance Realty Priced $15,000 under appraised value. $175,000
PRICED BELOW MARKET VALUE! WELL MAINTAINED ICI HOME LOCATED ON SPARKILING WATERWAY IN THE
ISLANDIA SECTION OF PRESTIGiOUS PELICAN BAY! FRONT OF 107 MORNING DOVE:
THIS BEAUTIFUL HOME HAS AN OPEN FLOOR PLAN WITH NEWER BERBER CARPETING, FRESHLY PAINTED, LARGE EAT-IN-KITCHEN, OVERSIZED MASTER SUITE, LIVING ROOM DINING ROOM COMBO, NEWER WINDOW BLINGS, AND ENCLOSED FLORIDA ROOM.
LARGE EAT-IN-KITCHEN:
CENTRALLY LOCATED CLOSE TO SHOPPING & SCHOOLS. THE SELLER IS IN THE PROCESS OF PUTTING ON NEW ROOF IT WILL BE COMPLETED IN THE NEXT 30-45 DAYS. PRICE BELOW MARKET VALUE!!!!
LIVING ROOM DINING ROOM COMBO:
SPARKLING WATERWAY! Call Susan SoutherlandCentury 21 Sundance Realty for more information on this great home! (386) 547-1600
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Close to shopping, schools and airport. Pelican Bay master association is $575 annually. Susan Southerland-Luta Century 21 Sundance Realty (386)547-1600 $369,900
cathedral ceilings,
eat in kitchen. Move in ready! Call Susan Southerland today to see this great home. (386) 547-1600 Century 21 Sundance Realty Priced $15,000 under appraised value. $175,000
FRONT OF 107 MORNING DOVE:
LARGE EAT-IN-KITCHEN:
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