Dreaming of owning a piece of paradise in Florida? Before you fall in love with that charming bungalow or historic mansion, remember this essential tip: Factor in the REAL cost of ownership – beyond the mortgage!
Florida living is amazing, but it comes with unique expenses. Make sure you can comfortably afford:
Homeowner’s Insurance: Florida’s hurricane risk means higher premiums. Older homes, especially those with unique features or in high-risk flood zones, can see even steeper costs.
Maintenance & Repairs: Historic homes often require specialized care and can have hidden issues like aging plumbing or outdated electrical systems. Be prepared for potentially higher maintenance costs.
Don’t let unexpected expenses derail your dream!
Get pre-approved for a mortgage: Understand your true budget after factoring in potential insurance costs.
Thorough inspections are key: A qualified inspector can identify potential problems and estimate repair costs.
Consider a newer home: Newer construction often means lower insurance and maintenance expenses.
Looking for your perfect home in Orlando? As an experienced realtor in Orlando, FL, I can help you navigate the market, understand the hidden costs, and find a home that fits your budget and lifestyle. Contact me today for expert advice and to start your Florida home search!