Most of the nation knows about the rising property insurance costs in Florida, and rising property taxes are concerns all over the country. With some insurance rates tripling or quadrupling, it definitely affects affordability as well as desire and demand. Despite efforts by the current state legislature to fix these problems, nothing concrete is on the horizon.
Last month I blogged about a builder who was offering college tuition as an incentive. Now we have Standard Pacific Homes offering an incentive on their new homes: they will pay the homeowner's insurance and property taxes for up to two years. Several builders are offering to pay a year of homeowner's association fees, but this is the first I've seen locally offering to pay both insurance and property taxes.
