Archive for November 5, 2018
Close to half of all Americans, just over 40%, state that they prefer a newly constructed home over an existing one. While there are many benefits to shopping on the real estate market to find good deals and some that are for sale below market value. There are also be homes on the market that likely may be recently built and are still the quality of brand new homes.
Benefits to Building or Buying Brand New HomesWhile the financial benefits may vary from state to state, there are a number of reasons to buy brand new homes. There is the obvious factor of incredible appearance along with new appliances and utilities, without the need for upgrades or updates immediately upon purchasing. One of the most common financial benefits of buying a new home exists in the taxes. Some tax benefits applicable to brand new homes include:
- Taxes on a new home are usually much lower during the first one to two years
- Florida is one state where the determination of residence