Homeownership Creates Wealth

People always debate the pros and cons of owning a home. While there may be many aspects to consider, we have found a new statistic that is very important to know.

Homeownership presents a great pathway to build wealth. Among all families, the ownership of a primary residence typically accounts for 90% of total wealth, based on the 2019 Survey of Consumer Finance data. Among those in the bottom 20% of the income percentile, it’s even more: The median value of holdings for a primary residence accounts for 99% of total family assets. For top earners, however – the top 10% income bracket – it’s 42%.

Housing wealth accumulation takes time. It’s built up slowly by paying off mortgage debt and through price appreciation. And while home prices can fall, prices tend to recover and go up over the long term. As of September 2020, the median sales price of existing home sales was $311,800 – a 35% gain since July 2006 when prices peaked at $230,000.

Florida is also becoming more and more popular to homebuyers. About 1,000 people move to Florida everyday because of the appealing aspects when purchasing a home. Florida residents pay no state income or estate tax, and receive a homestead exemption of up to $50,000 on a primary residence and a 3 percent annual cap on home assessments. The state’s population has grown by about 343,000 in the last year, to about 22 million residents.

Homeowners who spend a lifetime working, raising families and paying mortgages have a greater net worth later in life. Don’t miss out on this opportunity.  

 

Check out this link for more information:

https://www.floridarealtors.org/news-media/news-articles/2020/11/homeownership-creates-wealth-even-if-thats-not-goal

November Newsletter

October has turned into November and there is still so much left to do. In our November issue of our monthly newsletter, you will find, events, featured listings, and market trends. Click the link below to check it out. Please don’t hesitate to reach out with any of your real estate needs. 

Duke Rountree
Rountree Realty Corp.
Broker / Owner
Call / Text 352-572-1739
Info@Search352Homes.com
Search352Homes.com

November Newsletter

TBD NE 239th Place – $6,900

Are you looking for quiet country living? If so, this is the perfect lot to get away from it all. Located on the edge of the Ocala National Forest, this .37 acre lot is minutes from OHV(side by side and 4 wheeler)trails with miles and miles of trails to ride. It is also minutes to boat ramp and the famous Ocklawaha River and Rodman Reservior with some of the best largemouth bass fishing in the US. This lot is ready for manufactured home or site built home!

  • Zoned R-4 (Residential Mixed Use) 
  • 0.37 Acres
  • Well & Septic NEEDED 
  • Asking Price $6,900


 

13165 NE 247th Ct – $49,000

Great opportunity! This 1988 manufactured home is 1080 living square feet with 3 bedrooms and 2 bathrooms on .40 acres. As you arrive you will see concrete circle driveway with ramp leading to 12×20′ wood deck. The home is open floor plan with spacious living room, eat in kitchen and lots of cabinets. Inside laundry just off the kitchen. Main bedroom includes walk in closet and bathroom with shower. Guest bedrooms are cozy in size and the 2nd bathroom includes shower/tub combo. home needs some TLC but the price is right. Ready for new owners! Big back yard and several outside storage buildings. 

Located in the heart of the Ocala National Forest w/ beautiful Salt Springs swim area, boat launch and short ride to Lake George and the St. Johns River. Salt Springs is also home to miles and miles of ATV/SxS, Horseback and hiking trails. Great fishing year round in the many lakes, rivers and forest ponds, and don’t forget about the excellent hunting too. Close to local shopping including grocery store, Dollar General, hardware, gas station, great restaurants, entertainment and more. Only short 30 minute drive to Ocala or Palatka for all your needs.

 

Schedule Your Appointment Today!

Call or Text Today 352-572-1739


 

How Coronavirus Has Impacted Home Buying

Impacts of Coronavirus

The COVID-19 pandemic has impacted everyone in many different ways. From having to quarantine, working from home, schooling from home, workouts from home, it’s easy to say that people are spending more time in their homes. This has led many people to wanting a home with more space or designated areas for certain activities. We have gathered some statistics on this topic.

Changes in Planning to Buy a Home

Three-quarters of homebuyers who plan to buy a home within the next 12 months say the coronavirus pandemic has impacted their home buying plans: 25% said it caused them to move or speed up their timeline, 20% said it caused them to delay moving plans and 17% are now looking for a less expensive home. Specifically:

  • 16% said the pandemic has caused them to want to move
  • 15% said it caused them to move sooner than originally planned
  • 6% chose both options

Home Preference Changes

  • 21% want a designated area to work from home
  • 21% want more outdoor space
  • 10% of respondents now want a bigger home
  • 7% want a designated space for children to learn from home

Why Changed Plans?

  • Of people planning to move, 55% said low mortgage rates are a factor in their changed plans
  • 52% said spending more time at home is a factor
  • 40% said working from home contributed to their desire to move

If the Coronavirus pandemic has caused your family to be spending more time at home and you’re now thinking about looking for a home with more space, Rountree Realty is always here to answer any questions you may have and help achieve your real estate goals during these crazy times.

October Newsletter

September has come to a close and it’s time to start looking forward to fall.
In our October issue of our monthly newsletter, you will find fall events, featured listings, and market trends. Click the link below to check it out.
Please don’t hesitate to get in touch with any of your real estate needs.

Duke Rountree
Rountree Realty Corp.
Broker / Owner
Call / Text 352-572-1739
Info@Search352Homes.com
Search352Homes.com

October Monthly Newsletter

13424 NE 188th Place

Privacy, peace and quiet! That sums up the style living on this 3 acre site with manufactured home. The home is 960 living Sq Ft and is located on short dirt road with very few neighbors and lots of privacy. The home is 3 bedrooms, 2 bathrooms and includes many updates and upgrades including HVAC, tape and textured walls, LED lighting, newer flooring and paint(inside and out). Relax in rear screen room enjoying the deer, turkey, squirrels and birds. Located close to Ocklawaha River and Rodman Reservoir, with boat ramps, fishing piers and also close to Ocala National Forests with hiking, horseback, SxS & 4×4 trails, hunting and so much more.

  • Asking price $142,000



 

7751 NE 192nd Place – $265k

Country living with all space, versatility and quiet living many are used to with country lifestyle. Located 2.27 gated & fenced acres, this beautiful 3/2 home offers 1890 sf of living space; 4-stall barn w/elec; 64 sf storage shed; 2000 sf pole barn w/5 bays; RV parking; & huge 1700 sf covered patio/carport. This unique, one of kind property has so many extras including: custom metal roofs on home & all buildings; 2 A/C units; water softener; reverse osmosis water system; sec system, updated kitchen w/stainless steel appliances, wood cabinets, glass tile back splash, & above cabinet display; dining area; formal dining room; living room; family room w/stone fireplace; tile & laminate throughout house, except for the family room; plus much more! Property is zoned A-1, has paddock & a 4-stall barn, so bring the toys, horses, goats, etc. This is a must see mini farm!


 

14748 NE 215th Lane – $89,000

Don’t let the age of this home fool you! It is super clean and renovated. Nice private lot is close to the Ocklawaha River, SxS & Off road trails, great fishing, boating and hunting are nearby. As you arrive you will see a large screen room across almost the entire front of the home. Entering the home you see beautiful updated Kitchen with wood cabinets and lots of counter space. Dining area is inside kitchen and back side of stone fireplace makes space warm and inviting. Living room is cozy size with cathedral ceilings, gas fireplace w/ stacked stone and doorway leading to large storage/laundry room. Bedrooms are cozy as well and bathroom has been updated too, includes tub/shower combo. All appliances are included in the sale. Outside there are a few storage buildings for lawn equipment and toys.

  • 2 Bedrooms & 1 Bathroom
  • 992 Living Sq. Fr
  • 0.44 Acre Lot (zoned A-1) 
  • Asking Price $89,000