Are you ready to retire? Are you looking to escape the hustle and bustle of a big city and get away from it all? Are you looking to build yourself a new custom home and have your own tranquil piece of property?
If the answer to any of these questions is yes, then you may want to consider a move to Delaware. From low taxes to affordable housing to lots of scenic beauty, there a number of reasons why Delaware is a great place to live. If you’re looking for a place to settle down and enjoy retirement, here are seven reasons why Delaware just might be that perfect spot.
- House perks: For new home builders looking to build a new custom home or first-time homebuyers and retirees looking to buy a home in an all inclusive community, there are plenty tax incentives in Delaware. In fact, first-time homebuyers in Delaware may be entitled to a federal tax credit of as much as $2,000 per year.
- The place to be: If you’re of retirement age and looking to move into a new custom home, you can rest easy in Delaware. The state has top-of-the-line health care facilities and nationally-recognized hospitals like Johns Hopkins are close by. Retirees in Delaware are also able to stay active because there are many volunteer and community activities available.
- The outdoors: If you’re an outdoor enthusiast, Delaware is the perfect spot. With a wealth of natural resources and a temperate climate, there’s plenty of opportunity to hike, raft, kayak, swim and indulge in many other outdoor activities. As if that wasn’t enough, Delaware has 16 state parks and 10,000 acres of state park land and more than 150 miles of trails to enjoy. That means you can horseback ride, bike and hike to your heart’s content and many of the state parks offer other opportunities for things like camping.
- A love of arts: If you’re a new resident of Delaware and are of fan of the arts, fear not, there’s plenty to indulge your interests. In Delaware, you’ll find plenty of museums, art galleries, film and music festivals and estate tours among other activities. With so much going on, there’s always a fun and exciting event to attend.
- Beaches: As a gem in the middle of the Mid-Atlantic region, Delaware is well known for its beaches and draws beachgoers from all over. Delaware has about 26 miles of Atlantic Ocean coastline and you’re never too far from a beach. Depending on where you live, you can visit such picturesque spots as Millville by the Sea, Rehoboth Beach, Fenwick Island and Ocean City. Whether you’re into swimming, sunning, dining or shopping, Delaware’s beaches offer something for everyone.
- Good location: It’s been established that they are many benefits to living in Delaware and many things to enjoy within the Blue Hen State. But if you love to travel, you’re in luck if you’re in Delaware. You’re just a short drive or train ride away from many Northeast regional hubs and commuting is both easy and affordable.
- Taxes: When it comes to taxes in Delaware, there are a litany of benefits. Delaware is just one of five states in the U.S. with no sales tax, so if you love to shop, Delaware might be the paradise you’re looking for. Aside from that, Delaware is very tax-friendly and there’s plenty of reasons by Delaware is known as America’s Most Tax-Friendly state:
- It has one of the nation’s lowest real estate taxes. In fact, in 2016 Delaware residents paid a median property tax rate of less than .44 percent.
- Delawareans also enjoy low income tax rates (between 2 and 6 percent).
- For retirees, Social Security benefits are tax exempt and those who are 60 and older can exempt $12,500 of their retirement income and pension from state taxes.
- There is no inheritance tax and no personal property taxes.
Whether you’re a home builder looking to build a new custom home or a new retiree looking for a place to enjoy retirement, Delaware is a great spot to be. With plenty of tax benefits, plenty of amenities a wealth of arts and culture and plenty of opportunity for enjoyment outdoors, Delaware is the perfect spot to spend your Golden Years.