Every year, many Americans begin the search for a new home, whether it’s their first or second home, a place of retirement or a beach house. And while Delaware may be the second smallest state in the U.S., the tiny gem offers many attractive features for individuals and families alike. If you’re considering buying a home in Delaware, here are four reasons why you should.
One of the main reasons that so many homeowners decide to live in Delaware is the significant tax advantage. The homeowners’ and income tax rates are significantly lower here than in nearby areas such as New York and Washington D.C. There is also no sales tax on retail items, no tax on Social Security, and no personal property tax.
Nearby states and cities
Another great reason why you should buy a home in Delaware is because you will be in close proximity to states and cities with loads of attractions and activities. New York City, Washington D.C., Baltimore, Atlantic City, and Philadelphia are all within a relatively easy distance for driving. Enjoy a day trip or take a long weekend. Each town has something great to offer visitors and you won’t be too far away from home.
With 26 miles of Atlantic Ocean coastline, 25 miles of Delaware Bay coastline, and 115 miles of inland bay coastline, it’s no wonder so many people travel to Delaware during the summer. It’s the perfect place to buy a second home! The abundance of incredible beaches and array of outdoor recreation make Delaware an ideal state for families, as well. Although there are many beaches to choose from, Parents Magazine (June 2013) named Rehoboth Beach as one of America’s “10 Best Beach Towns for Families.” In addition to beaches, there are gorgeous state parks, biking and hiking trails, and beautiful waterways.
Your kids may still be in grade school, but it’s never too early to start thinking about college. Of course, you want them to attend a well-recognized college and earn their degree so that they will be headed for success in the career world. In the U.S. News and World Report “2013 Best College Rankings,” the University of Delaware placed 75th for National Universities and 31st for Top Public Schools. The University of Delaware was also included in Princeton Review’s “Top 150 Best Value Colleges for 2013.”