Davidson Realty, Inc.

Top 5 Reasons People Move to Northeast Florida

July 28, 2022

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Posted by in Neighborhoods, News, Retirement

With the help of the pandemic and the onset of work-from-home life, more people are moving to Northeast Florida than ever before. Simply drive through all the beautiful neighborhoods and see how special this area is. “Northeast Florida has it all! It provides the perfect setting to enjoy time with family and friends while providing plenty of opportunities to try new things,” shares Davidson Realty President, Sherry Davidson. 

 

1. Water

While living near the ocean is a dream for many, residents of Northeast Florida have the privilege of living just miles from the beach and have the added bonus of living close to the St. Johns River and Intracoastal waterways. This abundance of water provides countless opportunities to enjoy the great outdoors. 

 

2. Weather

Alongside the beautiful beaches attracting people to Northeast Florida is the weather. While it gets colder than parts of South Florida, the average annual temperature is still 70 degrees in Jacksonville. Mild winters and balmy summers make Northeast Florida weather basically perfect. With an average of 221 sunny days per year, what more could you want?

 

3. Financial 

Your hard-earned money stretches further in Florida. As one of a handful of states in the United States with no state income tax or estate tax, living in Northeast Florida has many financial benefits. With so many communities and various housing options, finding a home that fits your budget is a breeze.  

 

4. Sports

If you are a sports fan, Northeast Florida is the place for you! Downtown Jacksonville is home to the Jacksonville Jaguars, Jacksonville Jumbo Shrimp, and Jacksonville Iceman. Travel south to Ponte Vedra Beach to visit The Tournament Players Club at Sawgrass, one of the world’s most renowned golf courses and home of the annual PGA tour stop, The Players Championship. Grab some friends and get some tickets, the sports scene is thriving in Northeast Florida. 

 

5. Location

Northeast Florida is uniquely located just a short drive away from many exciting and historic destinations. In just two hours, you can visit Orlando, to the south, or Savannah, to the north. Destinations like Charleston, Atlanta, Miami, and Tampa are ideal if you are looking for a fun road trip. 

 

It is clear to see that Northeast Florida is special. If you are interested in calling Northeast Florida home, call the real estate experts at Davidson Realty today at (904) 940-5000.

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7 things you need to know about getting homeowner’s tax breaks in 2020

February 26, 2020

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Posted by in News, Northeast Florida Market Trends

Your tax return may be a high point in your year, especially if you became a homeowner before 2020.

 

According to the CPA Practice Advisor, the average worker might see up to $2,000 in tax savings. *This number could increase if you own a home and have dependents or children.

 

Your homeowner’s tax guide for 2020: 5 big breaks and 2 more benefits

 

The IRS starts accepting 2019 tax returns as of January 2020. While the new tax credits introduced in

2019 made filing overwhelming for many, this year’s looking a lot smoother. Very few, if any, dramatic

changes have been made.

 

Accounting for annual inflation, tax brackets, as well as the standard deduction, have risen for 2020:

 

Here’s where you can find the standard deduction/brackets for the taxable year of 2019. The recently

reformed tax law lets consumers keep more money. Lower tax rates and a higher standard deduction

make this possible.

 

With a higher standard deduction, there may be fewer taxpayers who itemize (list out expenses that can

be subtracted from annual taxes). If you don’t have much to itemize, taking the standard deduction

exempts two times as much of your earnings.

 

But if you own a home, you could use some or all of these tax breaks to see more savings:

 

1.) Home equity loan/HELOC interest.

  • Now you can only deduct home equity interest that’s been used for renovations — a significant change from years past.
  • If you are eligible to deduct HELOC interest for renovations, that amount will go toward your total deduction limit of $750,000 in mortgage interest. (See below.)
  • This kind of loan may be labeled as a home equity line of credit (HELOC), home equity loan, or second mortgage.

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