Top 5 Benefits of Buying a House in Charleston SC
Buying a house in Charleston SC can be one of the most rewarding, fulfilling experiences you will ever have! Not only does it give you financial stability and peace of mind, but it also gives you the opportunity to turn your home into your own personal vision. There are many benefits to buying a house in Charleston SC, here are 5 of them!
1) Affordability – Buying a house in Charleston
If you’re looking to buy a house, Charleston, South Carolina is probably one of your first considerations. Why? It has incredibly affordable housing options. Because real estate prices are so low compared to other major metropolitan areas, Charleston home buyers have more flexibility when making an offer on their new home and can make price adjustments if needed. This allows buyers to purchase homes they otherwise wouldn’t be able to afford elsewhere. In addition, many homeowners are choosing to downsize or relocate due to retirement or job changes, meaning there are many houses for sale in Charleston at any given time. This ensures that no matter what type of home you’re looking for—big or small—you should be able to find it within your budget.
2) Low Property Taxes – Buying a house in Charleston
Charleston County property taxes are not as high as other major cities, like New York and San Francisco. Low property taxes translate to low costs for residents, making it more affordable to buy and maintain real estate. When you own your home, you have access to significant tax deductions that are often not possible with a rental property. For example, if you own your home for more than 2 years, you can deduct 10% of its value from your taxable income each year. In addition to reducing your overall tax burden, owning also provides peace of mind—once something is paid off it won’t be subject to further increase or decay beyond reasonable wear and tear. So when choosing where to buy a house in Charleston SC real estate options abound!
3) Low Cost of Living
The cost of living in Charleston is low compared to other cities, making it one of the most affordable places to live and buy real estate. In addition, there are many great benefits for anyone that buys their own home. One major benefit is being able to build equity. Owning a home builds equity because you are investing your money into an asset that will grow in value over time; however, if you rent, you’re only paying for someone else’s investment which doesn’t help you financially at all. Also, when buying your own house, you have more control over how much your bills are and what they cover.
4) Unemployment Rate
According to Amber Dollarhite Real Estate, 10.6% of South Carolina residents are currently unemployed. When you’re buying your home, you have to keep that number in mind; it might not be such a good idea to buy if unemployment is high where you live and/or is projected to increase within the next few years. You’ll also want to consider things like whether or not your job is on solid ground and what type of risk buying a house would put you at; for example, will your business income drop if people don’t buy from you? Is it possible that employment opportunities won’t pick up any time soon?
5) High Quality of Life
If you’re looking for a place to live that has plenty to do and that feels really easy and comfortable, then Charleston is just right for you. It doesn’t feel like there are any long workweeks or challenging commutes. There’s no question that buying a house in Charleston brings many benefits to your life. The happiness, health, and overall quality of life improve dramatically when you choose Charleston as your next home. It may be hard to believe, but it’s true! When you move into a new neighborhood in Charleston, you can immediately start enjoying all of these things. And since so many people have moved here from other cities because they love it so much, why not take advantage of all these perks? You deserve it! Make sure that everything I mentioned about living here comes true for you too! Don’t hesitate; to contact me today and we’ll get started on finding your dream home!
Amber Dollarhite Real Estate works with buyers throughout Charleston South Carolina including James Island / Folly Beach / Johns Island / Kiawah Island / Seabrook Island / Daniel Island / Wadmalaw Island / Edisto Beach
