What are the costs associated with owning a home in Florida?

Tanai asked:


When I contacted a seller in Naples, the reason to sell was insurance costs. The sellers mentioned insurance costs, if you could even obtain a policy, were about the same as a monthly mortgage payment (P&I). Along with taxes, HOA fees, the monthly amount going to equity out of the total monthly payments needed to own in Naples, anyone buying into the area nowadays would be loosing out to excessives. The per monthly total out of pocket to own a $500K home in Naples would net $1.2M of home equity elsewhere on the same loan basis. Have insurance rates, taxes, and home ownership costs come down significantly in Naples since 2007?

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2 Responses to “What are the costs associated with owning a home in Florida?”

  1. loslunas87031 Says:

    April 1st, 2009 at 3:53 pm
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    Document Shredding

    insurance as a matter of fact just went up another 10%. That is if you can get accepted by any insurance company

  2. Danuta Says:

    April 4th, 2009 at 12:26 am
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    Frederick MD real estate

    It all depends on where, what and the age of the home you buy. For example my home is 3 miles to the beach, built in 2007 and 2200 sq ft under air and the following are my costs. Taxes are estimated at $3360 year, ins is $900 year and flood is $300 year, I consider these pretty fair. If you were to take the same house built in 1990 you could expect 2 to 3 times the amount for insurance. If you have a home in mind or area that you are looking for please contact me and I would be happy to put a cost to carry together on any home. To my mind the best source about real estate all over the United States is web-site of Fizber:.