Known for beautiful beaches and a lifestyle that’s as vibrant as its sunsets, the Sunshine State is a top destination for those seeking a place to call home. So, fasten your seatbelts as we map out what you need to know about buying a home in Florida!
Sunshine and Hurricanes
Florida’s climate is a major draw, but it’s important to consider the weather’s dual nature. While sunshine is abundant, it is also prone to hurricanes. Understanding the property’s resilience to extreme weather is key when shopping for homes in Florida. Remember, properties in flood-prone areas may also require additional insurance, impacting your overall homeownership costs.
Higher Property Taxes
Florida is renowned for not having a state income tax, making it an attractive destination for retirees and those seeking tax-friendly living. However, property taxes are a factor to consider. Local property tax rates vary, so it’s essential to factor in this ongoing cost when budgeting for your dream home.
Down-Payment Assistant Programs
There are a number of local first-time homebuyer loans and programs to help new buyers purchase a home in the Sunshine State! These local offers can provide several affordable mortgage options for eligible homebuyers, such as assistance with their down-payment, closing costs, and even reduced mortgage insurance premiums!
With over 230 sunny days a year, it is no surprise buying a new construction home in the Sunshine State is top of mind for many homebuyers! As you embark on this exciting new chapter in your life, we invite you to embrace all that Florida has to offer as a new homeowner.
