Counting Our Blessings – Owning Virginia Beach Home
November 23rd, 2009 by Dave Macklin
As Thanksgiving approaches, it is only natural to reflect on our lives and realize how fortunate we really are. Yes, the economy is in a mess, the flu season is upon us with a vengeance, and there will be no “Peace on Earth” this Christmas. Yet those of us who live in the United States are blessed to be the beneficiaries of the American Dream philosophy–a strongly entrenched belief that anything is possible and that we as individuals can make our lives better. A significant part of that “Dream” has always been to own our own home, and the advantages of doing so are both emotional and monetary.
Owning a Virginia Beach home had been a long-time dream and goal of a friend of mine, and the closer she came to retirement, the stronger her desire for that home grew. Upon her arrival in the resort city, she rented a house and scouted out innumerable potential neighborhoods for a permanent move. After two years she happily purchased a townhouse in the Chesapeake Bay community of Aeries On The Bay, a home which perfectly suited her wants and needs. Talk about pride of ownership! She had finally taken steps to achieve her life-long yearning to live in a setting which would bring her daily satisfaction, not to mention providing a sense of stability and security.
In addition to the right location, style, and price, my friend also looked for a sense of community. She wanted a Virginia Beach home in a place where she would meet new and interesting people who shared her love of the beach and its many intangible rewards. She sampled local eateries and shops and talked with residents, hoping to detect a sense of involvement and belonging, before she chose a place to establish roots. And she couldn’t be more thankful for her final decision.
Home ownership has also brought her many financial benefits. The savings at tax time, after deductions for mortgage interest and property taxes, delights her each year. She also enjoys the knowledge that her home will increase in value (there is always a demand for houses near the water) and that she is building equity, thus making her eligible for a line of credit if she needs it. Avoiding capital gains tax is another advantage to owning her home. Under current limitations, she can earn a tax-free profit of $250,000 ($500,000 for a married couple) if she resells in the future.
Yes, owning a Virginia Beach home that is well-suited to our needs should be high on our list of blessings this year, and we should, indeed, be grateful.
Aeries On the Bay is a neighborhood located in the northern part of the City of 
Summer weekends you will find most of the neighbors on the Beach enjoying swimming, fishing, boating, jet skiing, walking, or just relaxing with a good book. Nature lovers relish in frequent sightings of dolphins, pelicans, and any number of other shore birds. And in the evening, neighbors share a glass of wine while watching the sunset.
Parks and recreation abound! 
Aeries On The Bay, Virginia Beach Real Estate
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