Monday, September 30, 2024 / by Tov Charm
Owning a home means taking on more expenses than just your monthly mortgage payment. To truly understand the cost of homeownership, it’s important to account for expenses such as property taxes, insurance, maintenance, and utilities. Here’s a breakdown of these hidden costs, with specific insights for homes in Delray Beach, Florida.
1. Property Taxes
In Florida, property taxes generally range from 1.75% to 2% of a home’s assessed value. For a home valued at $500,000 in Delray Beach, you can expect to pay around $8,750 to $10,000 annually. Florida homeowners who qualify for the Homestead Exemption can reduce their taxable value by up to $50,000, and the Save Our Homes cap limits tax increases to 3% per year.
Budgeting Tip: Check your property tax estimate through the Palm Beach County Property Appraiser’s Office to get a clear understanding of what your taxes will be, factoring in any applicable exemptions.
2. Homeowners Insurance
Homeowners insurance ...
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Friday, September 13, 2024 / by Tov Charm
Delray Beach is the ideal place for outdoor enthusiasts. From scenic beaches to nature reserves and coastal bike rides, the city offers a wide range of activities that cater to families, adventurers, and those looking for a peaceful day outdoors. Here’s a guide to some of the best outdoor experiences in Delray Beach.
1. Beach Days
Delray Municipal Beach is a must-visit. Famous for its wide sandy shores and clear blue waters, this beach is perfect for sunbathing, swimming, and playing beach volleyball. If you prefer to relax, you can rent umbrellas and beach chairs. Parking is available along Atlantic Avenue, but it can fill up quickly, so plan ahead. Parking fees are typically around $3 per hour.(Tripadvisor)
If you’re looking for something quieter, Atlantic Dunes Park offers a more relaxed vibe with fewer crowds. You can snorkel, have a picnic, or simply enjoy the sound of the waves. The park provides picnic tables and restrooms, and umbrella setups are available ...
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