Quote:
Originally Posted by as3369
We also live in Tennessee and considering purchasing a home in TV. Which home do you "claim" as your primary residence? I would like to take advantage of the homestead exemption in Florida, but trying to balance everything out.
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We also split time between TN and FL. We recently sold the mountain cabin and are in the thinking stages of selling the house in town which will leave us as full time Floridians. The cost of living in FL is higher but it's better in every other way IMHO (humidity is tough too). Tax, insurance, fuel, groceries are all higher here, again well worth the extra cost. Our 2 homes in TN together cost about what this one does when you add up all the annual costs. The overall value of this house will come in at about 800k, the ones in TN total about 900k.
Up until now we used TN as the primary residence.