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Hot Buying Tip  12/02/2015

The Benefits of Homeownership

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Palm Harbor

Think about it..."Homeownership" We're talking about spending Ten's of Thousand’s of Dollars$$$, and is usually the Biggest Investment we make in our Adult Lives. The key word here is “Investment.” When you make an investment, you usually expect to gain a return, and the # 1 return to Homeownership is avoiding monthly rent. Just $800 a month turns into $9,600 per year and equals out to be a 100% interest rate!  Palm Harbor Homes wants you to know that there are many more benefits that extend far beyond the wallet.

  • Pride of Ownership: While home ownership also helps us meet one of the most basic needs for human survival, “shelter to protect ourselves and our families” - it also provides us with our very own private sanctuary. We have the opportunity to decorate our homes any way we like, to outfit them with gadgets and amenities that make life easier, and even adding that additional family member like a dog or a cat. These are the simple benefits of homeownership that are not always available to renters.
  • Stability: Renters generally have no idea what they'll be paying a few years down the line. Home owners with fixed-rate mortgages, however, essentially have the same payment for the term of the loan. Even those with adjustable rates have a cap and can figure out their maximum potential mortgage payment.
  • Freedom: Speaking up within your home is also much easier when you own it. No need to worry about "the downstairs neighbors complaining you're too loud, or the upstairs neighbor stomping around at 1 a.m.," You pick every paint color and won't get fined for scratches on the wall. The decision-making extends to the yard as well. One word sums up the homeownership benefits: Roots. "You can plant perennials and enjoy them forever. You can plant a tree and watch it grow and grow. You can plant a family and watch it blossom.”
  • Tax Deductions: Tax Benefits of Home Ownership Are Almost Too Good to Be True. The IRS says you can deduct interest in the year that it is paid, and that is usually part of each monthly loan payment. In the early years of a loan, most of your monthly payment is interest and all that interest is deductible, so this can really add up!


Palm Harbor Homes has built 100’s of Thousands of Homes since we opened our doors in 1977, winning multiple awards for Designs, Construction and Energy Efficiency; including winning for the 6th year in a row the prestigious MHI Manufacturer Builder of the Year award in 2010, 2011, 2012, 2013, 2014 & 2015 . Through our affiliates and family of brands, Palm Harbor, Cavco, and Fleetwood Homes builds, sells, helps finance and insures manufactured and modular homes. As the Nation’s Best home builder call or come in today to see if a Palm Harbor Home is the best for you. 505-334-7413 or e-mail the General Manager at



Hot News Of The Week

We Are All In This Together.  We will do our part. Enlarge
We Are All In This Together. We will do our part.

We Are All In This Together

To all Palm Harbor Customers,

Thank you for your interest in Palm Harbor. We understand that there are many manufactured home builders to choose from, and we are grateful that you have entrusted us with your business.

Palm Harbor Homes and our Parent Company, Cavco Industries, Inc. (Cavco), are taking the Coronavirus (COVID-19) very seriously. Because nothing is more important to us than the safety and well-being of our customers and employees, we want to update you on what Cavco is doing to ensure your health and safety at each our model supercenters.

We have been identified as an ESSENTIAL service business provider by several state and local governments as part of the residential construction business.

The following are some key examples of how Cavco plans to work through the current COVID-19 health crisis:

  • Closely follow the Center of Disease Control (CDC), state, local and other health authority guidelines;
  • Utilize 6 feet social distancing practices and maintain gatherings to the recommended maximum of 5 or 10 people (varies by location);
  • Provide regular updates to retail store teams with the latest safety guidance;
  • Implement increased cleaning and sanitation practices to keep store surfaces disinfected; and
  • Take care of our employees by following CDC guidelines to protect them, their colleagues and Cavco customers.

During this challenging time, rest assured Cavco is monitoring new developments so we can quickly adapt and provide our customers with an industry-leading home buying experience.

Our customers and employees are essential to the continued success of our business. We appreciate your continued trust and support.


Palm Harbor Homes Management

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