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Top 5 Reasons to Own a Home in Daytona Beach, Port Orange and Surrounding Areas

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The Port Orange, Daytona Beach, and Ormond Beach home market was very active through the holidays, and quality homes are in high demand for the new year. Rising interest rates coupled with rising asking prices for home and apartment rentals has brought many more buyers to market. While home prices are beginning to climb, there are still many affordable family home options that can be purchased with a desirable interest rate. Below are some of the top benefits of home ownership across the Daytona Beach area.

  1. Predictable Payments - Fixed price interest rates are still much lower than in years past and your mortgage payment can be locked in for a 30 year term. Renters are currently dealing with rising payments and uncertainty about their monthly housing expenses over the coming years.

  2. Freedom - Modify, build-on, add a pool, or knock down a wall. When you own a home you have more liberty to make the changes around your home that fit your lifestyle. Landlords and apartment managers usually frown upon any of these type of modifications.

  3. Appreciation - Owning a home is one of the most valuable assets available and, even if the appreciation on the property takes several years, the money spent toward purchasing a home is better than money spent toward paying off a landlord’s property.

  4. Tax Benefits - There are many tax benefits that coincide with home ownership, most notably the major tax deductions available for interest paid on your mortgage.

  5. Community Ties - When you own a home you will establish ties to your neighborhood, city, and school zone. You will have more of a vested interest, and your opinions will matter more in the shaping of your community.

These are just some of the benefits of becoming a homeowner. Of course, the most inclusive reason to buy a home is simple: It’s yours! Make your home here in the Daytona Beach area today by calling u at (386) 527-8577. We are here to help!

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