Take advantage of it, it’s the best time to buy your home in Florida! Due to Florida’s tax shutdown of construction companies, a period in which company revenues, expenses and taxes are calculated, the benefits are more evident.

Experts and builders recommend that investors speed up the home acquisition process before December begins.

Several of these companies hold their fiscal close on November 30. Ahead of the date, promotions, benefits and low costs in the real estate industry come to light.

How to take advantage of the tax closure to buy a home?

2023 has been a year with positive signs in home purchases. An example of this is the median market value of a home in Miami-Dade, which is about $570,000. For condominium apartments, the price is around USD 400 thousand. In addition, Florida is among the states with the lowest tax rates in the entire United States.

From PFS Realty, in these appropriate times for investment due to the tax closure of construction companies, we recommend these places to buy your home in South Florida and Orlando:

Palm Bay

It has shown itself to be a city that provides great opportunities for economic and job growth.

Miami- Dade

One of the most sought-after areas is Brickell, considered to be Miami’s financial district.

Fort Lauderdale

It is a vibrant city located in southeast Florida. It is known for its stunning beaches, year-round warm weather and thriving nightlife.

Projects for living in Orlando

In Orlando and its surroundings there are projects that are sure to suit your investor profile. At PFS Realty Group we recommend the following:

The Cove at Margaritaville

Residences located within MargaritaVille Resort. 310-acre complex of shopping mall, water park, and boutique hotel.

Tyson Ranch

Townhomes minutes from the best of Orlando: Disney World, Universal Orlando, Downtown Lake Nona and more

Learn more: The Best Beaches in Florida to Build Homes

Narcoossee Commons

Townhomes in St Cloud to invest 30 miles from Orlando’s best theme parks and just an hour from three different beaches to enjoy.

Astonia North

New Single Family home community in Davenport, with easy access to theme parks, golf courses and other activities to do in Florida.

Spectrum+

Luxury vacation residences, located at Reunion Resort, in Kissimmee. A 2,300-acre resort and ideal for vacation rentals.

Isles of Lake Nona

New residential community of Townhomes, Bungalow and Single Family Homes, ready to be delivered immediately or in the coming months.

In South Florida

Orlando is joined by these projects located in South Florida to take advantage of the fiscal closure. Here are the most recommended ones for your investment:

Sienna

Beautiful single-family homes and townhomes with and without garage in Homestead.

Westview

Spacious, luxurious single-family and townhomes in Westview in Miami-Dade County, just minutes from I-95 for convenient access to beaches, some of Southeast Florida’s best shopping, dining, recreation and nightlife.

Sunset Trails

Located in Coral Springs, north of Miami and south of Boca Raton, in an area of great development. It is oriented towards family recreation.

Arden and Lakeshore at the Fountains

They’re in Palm Beach County, each close to a well-known golf club. Arden, 10 minutes from Wellington National Golf Club, a private club in the heart of Wellington, Florida. And Lakeshore at the Fountains, just minutes from the Fountains Country Club, an 865-acre private club located in Lake Worth.

See also: Buying a house in Miami as a foreign investor: step by step

According to the case of the construction company Lennar, whose fiscal close is next November 30, it is an ideal time for investors because “it is when they receive the best incentives on properties that are for immediate delivery or maximum closing date on November 30.”

So stay tuned and don’t miss the best time to invest in Florida. It’s time to get that dream heritage.

References

USA.Gov (2023) How to File Your Federal Taxes