If you lookup Florida real estate on YouTube, you'll find so many videos of insurance costs becoming too expensive with large deductibles (20k-25k). Many insurance companies pulling out of Florida. I wouldn't move there even if the house was free.
Central Florida like Ocala is still cheap. $400k houses a $1000 a year... but move a few miles in the wrong direction and you're screwed.If you lookup Florida real estate on YouTube, you'll find so many videos of insurance costs becoming too expensive with large deductibles (20k-25k). Many insurance companies pulling out of Florida. I wouldn't move there even if the house was free.
At that cost it might be worth to evaluate if to carry insurance at all and self insure instead. (assuming you dont have a mortgage)Whatever you do, do your research on Homeowner's insurance. It is insane down here. Worse on the West Coast by Tampa. There are people paying well over $10k a year for insurance.
I am really not sure how you guys are getting such good rates anywhere in Florida.Central Florida like Ocala is still cheap. $400k houses a $1000 a year... but move a few miles in the wrong direction and you're screwed.
Some builders in the bad areas are providing insurance themselves. Like Maronda homes
$800k houses for $1489 a year homeowners...
Of course they just filed Chapter 11...
Your actually doing good. My house in MD.I am really not sure how you guys are getting such good rates anywhere in Florida.
I am about 20 miles from the Carolina Coast. With the crazy pricing here house is likely worth maybe $600K at this point. Were in Flood zone X - which is "undefined - not really surveyed, 0.2% chance of flood per year - so 500 year flood zone I guess- not required but I get it - not sure why, we had the 1000 year flood supposedly and my lawn didn't even get wet. The floodplain behind me did though.
Homeowners is $2800 with a whole bunch of higher deductibles for wind.
Flood which is completely optional is another $700 from Fema.
Taxes are cheap, but only because I have lived here a long time and there limited to 3% increase a year.
Rising home values are zero benefit - but people don't understand. The only way rising values would be good is if your price increased and wherever you wanted to move to did not.
I'm sure it's not just Florida:
Florida’s Condo Prices Are Falling As Cost of Insurance and HOA Fees Skyrocket
Florida’s Condo Prices Are Falling As Cost of Insurance and HOA Fees Skyrocket
Florida’s condo market is faltering as the increasing intensity of natural disasters pushes up home insurance costs, and HOA fees soar in the wake of the 2021 Surfside condo collapse.www.redfin.com
Dave, that is a good comment about an issue that is really big.There’s no limit what they will be charging in the future for insurance with all the hurricanes, storms, insurance fraud, lawsuits, etc….
Thought you said you disliked hurricanes?Charles Bronson chose to live in Vermont, not New Hampshire.
As for Florida, I would avoid locations with alligators, Burmese pythons, hurricanes, flat land, and Disney.
About the only places in Florida I like are the Keys and St Augustine.
I used to like St Augustine until I was reamed by the White Rogue Killer sitting on the monument across from the fort.. those were the days..Charles Bronson chose to live in Vermont, not New Hampshire.
As for Florida, I would avoid locations with alligators, Burmese pythons, hurricanes, flat land, and Disney.
About the only places in Florida I like are the Keys and St Augustine.
I go to Florida rarely, and when I do, never stay for more than two weeks. Outside the hurricane season.Thought you said you disliked hurricanes?
A look at some of the most powerful hurricanes to hit Florida
Hurricane Ian is expected to become one of the top five more powerful hurricanes to hit the state.www.firstcoastnews.com
Your thought of enjoying four seasons is becoming less popular every year. Many Americans in the north are wanting to avoid the cold and snow, especially as they get older. The statistics demonstrate a clear trend and speak for themselves.I go to Florida rarely, and when I do, never stay for more than two weeks. Outside the hurricane season.
I would never move there as a resident. I like a four season environment.
Florida four season environment consists of rain, heat, hurricanes humid.
Your thought of enjoying four seasons is becoming less popular every year. Many Americans in the north are wanting to avoid the cold and snow, especially as they get older. The statistics demonstrate a clear trend and speak for themselves. My lovely Bride shares your thoughts on four seasons- but that is clearly not the trend, especially for aging adults.
I will often take my out of state vacation in mid winter to a warmer climate. And allow winter sports friends to "house sit" at my place while I am gone. That mid winter break makes all the difference.Your thought of enjoying four seasons is becoming less popular every year. Many Americans in the north are wanting to avoid the cold and snow, especially as they get older. The statistics demonstrate a clear trend and speak for themselves.