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Living the American Dream – Home Ownership in Ave Maria

Owning a home has many far-reaching benefits that outweigh the immediate ease of renting. Oftentimes renters don’t believe they can qualify to purchase a new home whether because of inadequate credit score, insufficient down payment funds, or lack of knowledge of the real estate market. Educating renters on how-to successfully navigate a path to new home ownership is available through the sales center representatives in Ave Maria, Florida.

First, home owners build equity instead of burning through cash. Each month you make a mortgage payment, a portion of that payment goes toward reducing the amount you owe on your loan, thereby increasing your equity. As your home increase in value, your equity increases. Renters do not experience this advantage with monthly rental payments going directly to a landlord or leasing company. If the apartment increases in value, and perhaps monthly rents increase, the renter does not realize any benefit but instead ends up paying more in rent. Your monthly mortgage payment is more stable and predictable when based on a fixed-rate mortgage while rent payments can increase subject to the landlord.

Secondly, mortgage interest and property tax payments may be deductible from federal taxes and state taxes. In the state of Florida, you can deduct your property taxes each year with a cap up to $10,000. This is a great savings on your taxes. You can also enjoy renewable energy tax credits up to 30% of the costs of approved major energy installations. To learn more about these energy efficient products please visit Energy Star website.

Building a strong credit history is another benefit of responsible home ownership. When you consistently make your monthly mortgage payments on time, lenders will see that you are a good borrower and your credit history will strengthen. This will help when applying for future loans including car loans or home improvements.

Builders in Ave Maria support the path to home ownership and throughout the year may offer incentives and assistance to new home buyers.  Contact the builder sales representatives to learn more about what special offers are going on now.

Home ownership is part of the American dream for many and living in Ave Maria with all its conveniences and amenities further expands that dream to include an incredible lifestyle for families and retirees. On-site events, town center, lifestyle director, and so much more all add up to a dream come true.