People desire to live in a beautiful home with a scenic background to set the tone to their idyllic lifestyle. Both new and existing homeowners aim to find an area that provides them the new home of their dream with a luxury design in a beautiful region. Tropical regions are typically chosen when building a home, because of its luxury appeal, and the options to make their new home design a reality.
The Benefits Of Purchasing A Custom Home In Tampa Bay
Tropical regions are extremely popular for homeowners, especially those who are searching for a new home design that encompasses modern elements. Areas like Florida are also able to increase the value of your home; simply because of the tropical area, it’s located in.
1. There is a fast equity build-up in Florida during real estate increases—there is no other area with an influx in real estate as high as Florida’s. The housing market in Florida allows homeowners to purchase luxury homes and make constant home remodeling because their market is always populated with houses. According to Christie’s International Real Estate report, luxury homes are typically sold within a 220 day period. Florida is known to have the highest number of interior designing firms throughout the U.S, with 1,536 businesses which benefit homeowners with an idea with a new home design or a whole home makeover.
2. Florida has the best homestead protection of homeowner’s home equity assets. The guarantee of a quality protection service allows for homes to have a high ROI (Return on Investment), which makes purchasing a new home a very economically sound investment in Tampa. Specifically, luxury homes in Tampa, Fl are thought to be one of the best investments in comparison to any region in the U.S, because of their market. Florida is a dream for homeowners who desire a luxury home—an estimated 8% of people purchasing homes have a household income of $200,000 or more.
3. Florida offers property tax benefits for primary residences, which is one of the main reasons most homeowners choose Florida for their residence. (the other are their great beaches and scenic areas) Those who are building a home and looking for a new home design are in luck, as Florida also offers an exemption on their first $50,000 of a home’s value for property taxes if you declare the home as your primary residence.
4. The number of new homes is rapidly growing from the influx of building. Many homeowners desire to live in Florida, which creates an excess in homes being built for their quickly growing population. Data provided by the U.S Census Bureau and U.S Department of Housing and Urban Development reported an estimated 1,319,000 new homes were built in February 2018—most of these homes were located throughout Florida cities.