The numbers are in and when the tax benefits of homeownership are considered, owning a home can be more affordable than renting! Take a look at a scenario based on one of our new homes at  Mallory at Spence Crossing versus renting a comparable apartment! We understand that it’s important to weigh the pros and cons of continuing to rent and purchasing a home, and we know that purchasing your first home will be one of the most important decisions you ever make, so we’re here to help! In addition to the monthly savings you will gain with owning a new home, you’ll also be building equity, meaning years from now, when you sell your home, you’ll have something to show for it! In addition to financial benefits, owning a new home at Spence Crossing means that you’ll enjoy a unique blend of homeownership responsibilities and low-maintenance benefits of renting. Condo homeownership means that all landscape maintenance is included, so you’ll have plenty of time to enjoy the community amenities, like a swimming pool and cabana with kitchen, playground, walking trails or extra time for workouts in our 24/7 fitness center. At The Dragas Companies, we offer several new home options that are perfect for first-time homebuyers. Visit to browse our communities, homes and floor plans available in Virginia Beach and Chesapeake.