Florida is a tropical paradise. But you already know that. You’ve been here or you have friends who’ve told you about the warm breezes, swaying palms, and beautiful beaches.
Living along the coast in Florida is a vacation that never ends.
Maybe you’re one of those “snowbirds” that come to Florida every winter and rent a place for two or three or maybe even four months. Likely you’re paying $1500+ a month for a comfortable 2 bedroom, 2 bath home or condo in a coastal community.
Let’s see… your three month yearly escape from the snow and ice and sleet and freezing temperatures over just five years comes to $22,500! Can that be right?!
A lot of people have figured out that they can own a nice home in Barefoot Bay or Snug Harbor
for just about the same as they had typically spent to rent each year.
Check my math…
Yearly expenses for a typical $75,000 home:
Taxes and insurance - $3,000 (estimate 2% of the purchase price for each)
Annual fees for maintenance of the pools, tennis courts, etc. $684 (Barefoot Bay) $441 (Snug Harbor)
Lawn service (est. $40/mo.), water and electric basic (est. $60/mo.) $1,200
So for something under $5,000 for the entire year you can maintain a home in Barefoot Bay or Snug Harbor. And have a solid real estate investment!
Many of our clients have reasoned that with money market accounts and stock portfolios paying so little, their funds might be put to be better use in owning that Florida home they’ve been dreaming of and taking advantage of the historically inevitable growth of real estate investments.
Prices are amazingly low and we’re seeing more buyers opting to pay cash. They’re saving the expenses associated with financing that include processing fees, surveys and appraisals, doc stamps and intangible taxes.
IT’S TIME FOR YOU TO ENJOY THE FLORIDA SUNSHINE!!!