Biggest problem now, homeowners insurance and HOA fees!

@rongendron8705

5 ай бұрын

Not every home has HOA fees! I had a house in Beverly Hills, Fla. (27 miles from Ocala) & there was no HOA fees there! p.s. I paid $30k for it in 1990 & sold it in 2004 for $55K! I can't believe the prices now!

Troy, be honest, quality of life starts with affordability

That's fine and well! Yet, Florida home insurance is problematic, property taxes are rising, there is the flood insurance issue, increased traffic, and rising cost of living. I was considering purchasing a vacation/residential home in Naples, Florida. Instead, I bought a beachfront home in Costa Rica for approximately 50% less than a similar home in Naples, Florida.

@hudsonvalleyhealth9758

11 ай бұрын

Freakin awesome....... You did the best thing ever in your life.....congrats.....enjoy every second down there hope to see ya soon!!!? Whoever u r!!!!

We had a contract on a house in Florida and between home insurance and car insurance, it was $10 to $15K more per year than what we pay now. We could not justify the move. We have a teenage driver now and one soon-to-be driver. That hurts the wallet.

@maryannoneill297

7 ай бұрын

Sinkholes

It's the unpredictable rising home insurance costs that stopping some people from buying. Most homes older than 10yrs are getting dropped from insurance and new constructions are too far inland with hoa restrictions.

@vicmaiso

11 ай бұрын

No matter how hard. A lot of houses are being sold every single day

@tinachambers1376

11 ай бұрын

I totally agree with you 😊

@spidermannguyen4339

9 ай бұрын

@@vicmaiso A lot of houses are being sold every single day..yes..yes...with 8% mortgate rate 😆😆😆😆..Are you another realtor ??😀

@vicmaiso

9 ай бұрын

@@spidermannguyen4339I dont going to waste my time with you bro.. houses will sold now and forever @ 8% or 20%.. you know why??? Because it is a NECESSITY !! Where do you live bro in a Cave??? If you dont buy it because you can’t… and Investor will do it. And will make you pay his mortgage in the rent.. @ 8% or 20%… or higher!! Unless you live below a bridge or a Cave !!!

@spidermannguyen4339

9 ай бұрын

@@vicmaiso hehehehe.... Another looser .... find another job baby...realtor job could not give your family enough bread on the table at this point...Ok...Baby. If rate is going up to 20% then you are better apply for government housing and welfare to support your family for awhile . Good luck 😀😀

Lets see....hmmmm homes on top of each other hoa no trees no shade....keep em all!!

We enjoy your informative videos! Would love to see you post more often!

Two bedrooms on one side of house and master bed on the other side is called *Split Bedrooms" Our home cost $170K , 2 bedrooms and one master bedroom , 2 full bathrooms, living room, kitchen, laundry room ( main floor ) 25x 32 Deck Lower Level has Family room , Kitchenette , 3th full bathroom, 3 closest , 4th bedroom outside patio ( underneath the deck ) which is above . Oh yes , we have 3 car garage and a Large Yard , where if you want a swimming pook , you have the space . Taxes here $2,500 a year , NO HOA's !! We are the only owner , this home was new , when we bought it , which now it's paid off in full .

@clagueb3686

11 ай бұрын

What 25 years ago?

@FloridaRealEstateInsight

11 ай бұрын

When did you buy? Not possible now on a New Home in Florida.

Thank you for sharing the information houses in Florida!!

love your channel .. thanks i learned alot

300k and builder picks colors. Now thats crazy. Can the builder pay the mortgage too!

Had been looking to retire in Florida in one of the beach areas. Decided against it due to the high prices and insane property taxes. I would pay all cash but don’t want to take a big hit if a hurricane destroys the home

Hi 👋🏼 Troy I haven’t heard from your channel in a while. Am I missing some notice’s? This was a great video 🎉 I hope you sell a lot of homes this year. Blessings from a Santa Barbara native, Carlos ✝️🙏❤️😊🇺🇸

@FloridaRealEstateInsight

Жыл бұрын

Thank you - Business has been fantastic. Just catching up.

Thanks my friend for this vid and info

I think Insurance may be slightly less in middle of State, like Lakeland FL. its middle of State ,btw try not buy Frame house in FL, big termite infestation and mold from insane humidity. Here south FL paying $4800 Insurance, neighbor over $ 8000, friend just got renewal for $9500 year, also auto insurance among highest in Country cause lots of uninsured folks

Thaks for the information... real down to earth approach.

I was looking at this type of new home in neighboring Auburndale just before the pandemic. I didn't buy then, one of my pet peeves with these new homes, whether a 3/2 or 4/2, is that there is no view out of the front of the house towards the street except through a bedroom. The other thing I can't abide is having the kitchen and the living room as all one big room. I think that is a horrible design, I don't want to live in my kitchen. Despite that though, I should have bought then, these close to 300k houses were going for around 200k then.

Thank you for your honesty. What are the insurance requirements and costs for a 300k single story house? Will the homeowner be required to buy flood insurance, hurricane and or tornado, even though not near the coast? I just recently lived through our first ever Cat 4 hurricane, the rains didn't cause any damages but the strong winds did do damage to my roof shingles in Southern California on 08/23.

Lennar is one of the worst construction companies out there. I would not buy a Lennar or DRH home even if they do a $100k price cut.

@FloridaRealEstateInsight

11 ай бұрын

Thank you for your feedback. Lennar is building at entry level.

what is the size of the home and how tall is the ceiling of the home that you just walk thru?

I prefer Hallandale beach Florida beautiful city good beaches and restaurants and growing businesses and communities, and good night life.

Thanks Troy

Informative video. Thanks

Troy, thank you very much!! Your videos are some of the most informative on all of KZread - when it comes to real estate in Florida. Please keep them coming. I’ve been looking at Wellen Park. My main reason is the schools and the new infrastructure. Any other areas you would recommend that are similar to Wellen price-wise where the (future) high school will likely be top rated but still pretty small in terms of total number of students? We are flexible on location - looking to buy somewhere between Tampa and North Naples. Thank you very much again!

We love Sarasota! Our favorite restaurant is Yoder's. Love the dutchy food.

Looking to relocate end of next year or a bit sooner in maroda townhome san antonio fl. Close to my kids. If there are nice townhomes for around $250k, i may be interested.

Great video. You also explain well.

@FloridaRealEstateInsight

11 ай бұрын

Thank you!

Buy the home could be ok, but biggest problem is homeowner insurance, car insurance and HOA more expensive. It is hard to live in Florida.

? Insurance is that a struggle trying to get insurance? Has there been lots of sink holes. Coming into a inheritance and I want a new home this is perfect. But bigger master bedroom 2 walk in closets.

I got a question for you why are the prices so high in Florida? And why do they build the houses so close together they are like six feet apart?

That’s amazing

Thank you

@FloridaRealEstateInsight

11 ай бұрын

Welcome!

Great house for the price

You better update this video after you guys hurricane this week 😂😂

Under $300,000... I knew it was that builder

That’s actually a pretty nice home for the money like you said. Does the builder offer a lower interest rate?

Can you get a bigger master bedroom. With walk through shower and tub by itself.

Doesn't matter really with increases in home owner insurance

How much is the HOA AND CDD.? PLEASE

Insurance is extremely expensive. You could have your policy canceled every year. Insurance will never go down. It will continue increasing every year. Most people who own their home outright do not have insurance. The wages in Florida are extremely low as well.

I have always dreamed of buying in Florida but with taxes ,HOA fees and let’s not forget about insurance prices out of the world you could give the house for free no one can afford to keep .And Desantis is not helping so many fleeing Florida .

Which community in the 550k price range do you recommend in the Sarasota area?

@FloridaRealEstateInsight

11 ай бұрын

Let's talk privately

When was the last time their was a hurricane there??

Adams Homes in Parrish $418,805 same floorplan in Marion county $298,000

@FloridaRealEstateInsight

11 ай бұрын

Good Insight - Location has everything to do with price.

What is the square footage for the $300k in Lakeland by Lennar?

@FloridaRealEstateInsight

11 ай бұрын

Around 1,800

Good luck with this market

"Seems" better than Taylor Morrison in Lakeland!

What is the cost of home owners insurance on that model in that area?

@FloridaRealEstateInsight

Жыл бұрын

Great question - I have that back in the office. Will circle back to your good question - Thank you for reaching out.

@brihanwoolman2217

Жыл бұрын

1st year $2200, 2nd year $3600………..5th year $5200 plus HOA, plus CCD, and your property taxes will run you approximately $3500-$4700.

Not bad at all.

I was just quoted a yearly homeowners insurance policy on a 440K home is $8,000 a year.

@antomano5623

8 ай бұрын

What does that include????? Homeowners and hurricane/tornadoes?

@rustynail3630

8 ай бұрын

Yikes

I’m working on my Fl. Real estate license. Are you hiring. + I’ll be buying in 2024 1st Q. Central Fl.

@FloridaRealEstateInsight

11 ай бұрын

Feel free to reach out to me when you are ready.

But then you have to buy flood insurance. That's very costly. It's very hot and humid mosquitos the size of helicopters. It's a tough choice.

What community is this?

Houses with cinder block walls with ***steel roofs*** aren't being hit with big insurance increases because they can easily withstand hurricanes.

Now add taxes and hard to find insurance.

How do I get in touch with you

Insurance!!! Policies cancelled all over state!!

NOT in Miami . I make 150K a year and I can NOT afford a house in Miami

HOA fees?

@FloridaRealEstateInsight

Жыл бұрын

HOA Fees - $11.00 Month CDD Fees - $260.00 Month (has a community pool, common area and dog park)

@Livewire1722

Жыл бұрын

@@FloridaRealEstateInsight not bad

@brihanwoolman2217

Жыл бұрын

1st year = $11 HOA plus CDD, 2nd year $150 HOA plus CCD. Homeowners insurance 1st year $2200, 2nd year $3600.

Insurance is the main reason we decided to not buy a house in FL.

@Spearadica

11 ай бұрын

Trust me you were not wrong! It’s crazy here

@CarolCityCane305

10 ай бұрын

@@Spearadicaand what is desantis doing about it? NOTHING

I’ll be a buyer at a hundred grand maybe

Home insurance,property taxes, flood insurance and Mortgage fruad insurance....That's a whole por of insurance...Who can afford that ? Sure not me ..........very expensive to live......

You move the camera way too fast.

Bigger/ biggest bubble ever. Even though Housing market moves slower, dont let that fool you. Major crash in works wether it is 1 year away or 5 yrs, House Price/ Income Earnings highest levels ever, major correction will happen one way or another. Buying now is financially suicide, re-finance later is a myth this time around. With these higher rates and houses slowly dropping in value. You can not refinance underwater....

@isabellaflorentina7574

9 ай бұрын

All he said is true. There are no jobs in Florida to sustain theses home prices. Pay in Florida is extremely low. It is a state designed for wealthy retirees. If you are part of the working class in Florida you will struggle. The school systems are very poor as well because they pay teachers very little and most teachers are moving to other states and making significantly more. It is not uncommon for a school to have multiple substitutes teaching classes all year because they can't find teachers. The quality of the schools will never improve as long as they continue to show no respect for teachers. So if you are wealthy and can afford $1,000 a month in property insurance on top of your mortgage than Florida might be for you.

Waiting for under 200k

Property tax, home insurance, HOA fees, a lot of storms no thanks 🙏

Hi

I can get a va construction loan and get it built for way less than 300k

Wow i read the complains and guys there are worst things in the country of panama i pay same price and recieve 1 quarter of what you get

@FloridaRealEstateInsight

2 ай бұрын

Thanks for sharing - I am planning on exploring Costa Rica & eventually Panama the end of the year.

I think new houses look better without all the stuff in it.

It all looks good BUT. The problem with Florida is, that every home has a lot that in my view is way too small for to consider as a comparable home to other states

Don't forget property taxes.

Ceramic tile is outdated and horrible on your knees and hips! Bathrooms fine but that's it!

$ 800, 000.00 where I live.....

@FloridaRealEstateInsight

11 ай бұрын

Here too ... (Sarasota)

Homeowners how much , heard horror stories !

It's nice to visit but not to live.

Worth about $130,000 selling for $300,000. Ridiculous. Crash is coming.

Lennar is crap, interior will fall apart within the first three years of ownership.

That's all you get for 300K

Troy why would anybody want to move to Florida with Ron de santos as governor. Florida is the number one racist state in the country.

@robzilla69

4 ай бұрын

You are a fool.

I would never live butt to nuts in one of those new neighborhoods or in an HOA community because I had enough of others invading my privacy and telling me what I can do beyond the county codes from my days as a military officer.

No garage

@FloridaRealEstateInsight

11 ай бұрын

... offers a 2 Car, attached Garage

With all these social unrest and crime rates, who want to live in US ?😂

I would never buy a new home i ues to be in the residential building and no one has a fucking clue how to build a home in FL. They are all a joke not a straight wall nothing looks right just all a binch of junk. If you want a nice house im telling you buy a 2000 to 2005 home and update it your self.

Those homes costv150 the most to make still over priced