Insurance costs: Florida avg: $2,385/yr South Florida: $2,945-$4,740/yr New law, HB 799, enforces windstorm mitigation discounts. Reinforcing Homes for Savings: -Seller upgrades -Tax benefits – ↓ Premium adjustments
News
Check out market updates
Florida homeowners have faced problems in HOAs and condo associations, including inflated costs, election fraud, and misused funds.A significant case at the Hammocks HOA exposed a large scheme involving alleged fund diversion and bullying of residents.Despite legislative efforts to protect homeowners, the final bills were weakened due to lobbying, leaving homeowners unsatisfied.
University of Florida researchers found half of all households in Miami-Dade County are “cost-burdened,” with individuals pay more than 30% of their income on housing. Continue to full article
1. Select the right location based on your preferences, considering climate and neighborhood amenities. 2. Assess your budget and financing options, considering mortgage rates, down payments, and closing costs. 3. Be prepared for fluctuating property tax rates and understand the implications for foreign buyers.