Sunny skies, sandy beaches, and peaceful waves are a short drive from orange groves, shopping malls, and theme parks. Sound like the ideal place for you to spend your days? Then investing in a home in the Sunshine State is for you!
The search for new homes in Kissimmee, Florida, and other popular cities is on the rise as more people learn about the benefits of living in this tropical paradise.
More than the weather, though, the state has significant advantages over most of the rest of the country. From tax advantages to improved health, here are five reasons why you should consider investing in a home in Florida.
5 Benefits Of Investing In A Home In Florida
1. Something For Everyone
What do you envision when you picture Florida? While it’s true that the state is known for its beaches, sunshine, orange groves, and theme parks, what you actually get depends on where you are.
What millions of people don’t realize about Florida is that it’s broken into nine major regions. Each of these sections of land is known for its geography and culture, and you can choose to live in the area that matches your preferences.
Let’s look at each region in a quick summary:
- Northwest, also called the Panhandle, is famous for its white, sandy beaches and quaint, historic towns. The cities here are dotted along the coast of the Gulf of Mexico, and the atmosphere leans toward a laid-back lifestyle with plenty of outdoor activities and a focus on flora and fauna.
- North Central is the part of Florida that’s most similar to its northern neighbors. If you’re looking for hills and changing seasons (without the extreme weather), this region is for you. North Central is slow-paced overall, but big cities like Gainesville and the University of Florida give you a modern option.
- Northeast Florida is unlike its western counterpart. Instead, the area is known for its historic cities, including St. Augustine, and the beautiful beaches along the coastline. If you enjoy European and American culture and history, consider investing in the Northeast region.
- Central West is the go-to area for beach lovers, sports enthusiasts, and young professionals. With cities like Tampa and Clearwater, there’s something to do any time, day or night. Tampa Bay is also famous for its cruise port, giving you almost instant access to a weekend getaway on the ocean.
- Central regions are a mix of theme parks and orange groves. Here, you’ll see a blend of big cities and small-town living along the dozens of lakes. Disney World, Sea World, and Universal Studios attract millions of visitors every year, but you can avoid them if you’d like a quieter pace by living in the cities and towns on the outskirts, like Kissimmee.
- Central East is just beyond Orlando and encompasses the “Space Coast.” Cape Canaveral and Daytona Beach are two of the most famous cities in Central East. Space enthusiasts, race aficionados, and beach lovers will enjoy this “little” patch of paradise, which includes big cities and small, rural expanses of land.
- Southwest Florida is where many retirees and professionals head for a more upscale style of living. Although it’s home to a wide range of people, you’ll find cities like Naples and the Gulf Islands provide a more luxurious lifestyle. Fort Myers is popular with beach and nature lovers who want the big city to be within easy reach.
- Southeast Florida is a cultural melting pot, containing the famous cities in Florida like Miami and Fort Lauderdale. These cities are known for their shopping, beaches, nightlife, and Latin and Caribbean communities.
- The Keys are expansive enough to form their own region. The area stretches from Key West to Key Largo, joined together by ocean water and coral reefs. What you’ll see in each island varies, but you can expect tropical living interspersed with history and a laid back atmosphere.
Which of these areas sounds the most attractive to you? Keep that region in mind while we explore the rest of the benefits of a Florida home.
2. Tax Advantages
You may already know that Florida has no state income tax, which makes it a favorite place to live for its residents. However, it’s lesser-known that the state also eliminates the estate tax law, which partly explains why retirees enjoy spending their final years relaxing in the sun here. Without estate taxes, you can transfer your assets to your loved ones, and they don’t have to pay taxes on your bequeathment.
Depending on where you move and your situation, you may also benefit from the property tax laws. If your new home is your primary homestead or you give it to one of your dependents as their primary residence, you can reduce your home’s taxable value. Property value taxes are capped with the Save Our Homes amendment.
3. Your Health May Improve
There’s a lot to be said about the natural health benefits of sunshine. This form of Vitamin D can reduce your risk of diabetes, cardiovascular disease, and other physical conditions, and it’s also a significant help in keeping your mental health in optimal shape.
Living in a state where the sun shines most of the year doesn’t mean you’ll always get outside, but you’ll have ample opportunity if you choose to! The many outdoor activities that abound in Florida can help you stay in top physical shape. From swimming in the lakes and ocean to hiking the trails in your city, there’s something to do every day.
4. You’ll Always Have A Resale Opportunity
Not sure if Florida living will be the right fit for you? No worries! The local housing markets are consistently strong, even with occasional dips. Home values in the Sunshine State continue to grow, as the demand for houses here is always rising.
Florida is more than a tropical getaway; it’s a thriving professional community full of job opportunities. Single households, young couples, families, empty nesters, and retirees are attracted to the state, and your property will likely be in demand should you choose to sell.
5. You’ll Never Be Bored
No matter which region you choose to live in, you can always visit the rest of what the state has to offer. A day trip, weekend getaway, or long vacation is just around the corner when you make Florida your home.
Whether you’re craving the salt waters of a sandy beach, a day at an amusement park, or the quiet peace of a countryside Airbnb, it’s all waiting for you in the peninsula of Florida’s multi-regional paradise.
Thanks for stopping by!
Magda
xoxo