Don't Be A Florida Home Buyer That Is SUCKER-PUNCHED By The Increasing Costs / FL Cost of Living

Рет қаралды 78,381

Күн бұрын

Many people who have moved to Florida have been surprised by many of the cost of living expenses that are associated with home ownership. Some of these unprepared people regretted moving to Florida. You do not want to be the person that moves to Florida and ends up being in over their head with the costs involved in living here. Watch this video where I will discuss major costs that are about to go up so that you are not blindsided. I will also walk you through a spreadsheet that lists a scenario of all major costs involved in a home purchase and the cost of living in Florida. This will help you anticipate all major costs to help you plan. Florida is a great place to live and many of you will continue to move here for the reasons we enjoy living in FL. But you want to be as prepared as possible financially to ensure a happy transition into Florida.
🔴DISCLAIMER: All content provided on this KZfaq channel, or via this KZfaq channel is for educational and entertainment purposes. The owner of this channel, Katrin Pfitzenreiter, makes no representations as to the accuracy of any information on this site or via the shared sheets as presented in this video. Katrin Pfitzenreiter is not a licensed financial advisor. THE ESTIMATES IN THE SHEETS ARE NOT SUBSTITUTES FOR AN OFFICIAL QUOTE FROM A SERVICE PROVIDER, MORTGAGE BROKER, OR FEEDBACK FROM A FINANCIAL ADVISOR OR LOCAL REALTOR. The information does not constitute financial advice. All information provided is subject to change, as they so often do in this fast-paced world. Katrin Pfitzenreiter will not be liable for any mistakes in this information. Katrin Pfitzenreiter will not be liable for any injuries or damages from the display or use of this information including the cost of living worksheet. The use of the internet and digital methods for communications with Katrin Pfitzenreiter such as e-mails and sharing of the documents/sheets described in this video does not establish a formal business relationship.
HOME VALUES FOR MAJOR CITIES IN TABLEAU:
public.tableau.com/app/profil...
EXCEL SPREADSHEET WORKSHEET:
mailchi.mp/f961f225affc/cost-...
✅GET IN CONTACT WITH KATRIN:
katrinp.com/
917-543-8560 / katrin.pfitzenreiter@gmail.com
Areas served: Sarasota, Lakewood Ranch, Bradenton, Venice
✅REFERRAL TO A TRUSTED FL REALTOR OUTSIDE OF MY AREA:
www.cognitoforms.com/KatrinPf...
✅GET YOUR FREE NEIGHBORHOOD NEWS STATS HERE:
katrinp.com/neighborhood-news
✅GET YOUR FREE SARASOTA GUIDE:
www.paperturn-view.com/?pid=M...
✅CHECK OUT ALL MY LINKS IN ONE AREA:
www.liinks.co/katrinpfitzenre...
✅NEED A VIDEO WALK-THROUGH OF YOUR PROPERTY? :
Video and web design: srqdigitalmedia.com/
✅SAY HI ON SOCIAL:
/ katrin_pfitzenreiter
/ katrinthesarasotarealtor
/ katrinpfitzenreiter
✅SHOP MY T-SHIRTS (My Happy Place Florida Or Sarasota T-Shirts):
florida-my-happy-place.myspre...
PRODUCTS I RECOMMEND (AT NO EXTRA COST TO YOU):
➡️FLORIDA SURVIVAL PRODUCT LIST I RECOMMEND AND USE:
○ www.amazon.com/shop/sarasotai...
➡️FLORIDA LIVING SURVIVAL KIT / PRODUCTS I RECOMMEND AND USE FROM AMAZON:
○ Roach Swat: amzn.to/369qMSC
○ Roach Repellent: amzn.to/369sseS
○ Portable Power Station: amzn.to/3E895zz
○ Sunblock: amzn.to/3vfn7eG
○ Lip sunblock: amzn.to/3xvTBnP
○ Dehumidifier: amzn.to/3vg4Kq3
○ Rechargeable Lanterns: amzn.to/3rlomba
○ Waterproof Rain Poncho: amzn.to/3jBhjH6
○ 355 Piece First-Aid Kit: amzn.to/3KIPE2D
○ Insect Repellent: amzn.to/3xkVW4O
○ Front Windshield Sunshade: amzn.to/3uCWZew
○ HydroFlask Waterbottle: amzn.to/3Ec8P2j
➡️CAMERA GEAR I USE:
○ My Camera 1: amzn.to/37OD8jq
○ My Camera 2: amzn.to/3O6RAEn
○ VLogging Microphone: amzn.to/3M1HfYn
○ Rode Microphone: amzn.to/3jyLzST
○ Drone: amzn.to/3M14ykZ
○ Camera SD Card: amzn.to/3KSDqV6
○ Drone SD Card: amzn.to/3LZ7E9e
➡️HELPFUL REAL ESTATE TOOL I RECOMMEND:
○ Analyze investment properties. Use coupon code BESTDEAL & get 20% OFF:
dealcheck.io?fp_ref=katrin89
----------------------------------
Links included in this description may be affiliate links. If you purchase a product/service with the links I may receive a small commission. There is no additional charge to you though! Thank you so much for supporting my channel so I can continue to provide you with free content each week!
00:00 - Homeowners Insurance
02:55 - Real Estate Prices
06:14 - Property Taxes
07:49 - Assessments
10:06 - Cost of Living Analysis
19:05 - Contact Info

Пікірлер: 396

@dbrew2u Жыл бұрын

Millions have moved to what they thought to be Paradise ? Only to find quite the opposite to be true . Florida has become extremely expensive and massively overcrowded .

@katrintherealestateguide Жыл бұрын

It's more expensive these days for sure. But ask someone in Manhattan or San Fran what they are paying for expenses, and the costs here won't seem so high anymore. It depends on your circumstances and where you live now.

@wlane2384 Жыл бұрын

Indeed. I lost everything in Ian, so it made getting out a lot easier. It sucked but the move was necessary.

@daidavies6210 Жыл бұрын

Lived in LA for ten years .. Florida is very cheap and safer in comparison…..

@rafters35 Жыл бұрын

I rather live here than California sh hole

@justmythoughtsjustmythough7202 Жыл бұрын

@@daidavies6210 Can’t wait to hear your response in 3 mos time.

@amcf1 Жыл бұрын

If you have a high income secured from out of state, you re good, but if you're looking to live and work in FL, you better run. Wages are a joke compare to cost of living.

@RedtideFla 5 ай бұрын

Right to work state, in other words, rich bosses can screw over employees.

@jasper69234 Жыл бұрын

Very good job! Most agents will never tell a buyer the true cost of ownership.

@katrintherealestateguide Жыл бұрын

I appreciate your kind words Alex ! Thank you.

@PBG345 Жыл бұрын

You are so right Katrin. We purchased in Florida 3.5 years ago. While we love the house appreciation, the monthly costs of home insurance, car insurance and utilities have doubled. Encourage everyone to get current quotes on all monthly costs before making a home decision. And then factor in an increase in the next year. The monthly costs might put you over budget. On the better side….The friendships we have made will keep us in Florida. Don’t move to Florida for the tax savings, it’s been erased by these other increases.

@katrintherealestateguide Жыл бұрын

Thank you for sharing ! :)

@midlife_minimalist Жыл бұрын

You forgot to include setting aside money to replace your roof every 10 -15 years so you can keep your insurance

@katrintherealestateguide Жыл бұрын

Hopefully this will change but yes for now it is worrisome

@doninmichigan Жыл бұрын

@@katrintherealestateguide Do you know if that new law applies to tile roofs as well?

@thepope9794 Жыл бұрын

It happened to the wife and I. Our roof was 12 years old. Just had it inspected and was told I had 8-10 years left easily. And out of the blue, St John's insurance company canceled our policy. We had to have bonded insurance until we put a new roof on. We did, and now our home owners insurance has almost doubled. 🖕St John's insurance company.

@haroldbanks5388 Жыл бұрын

By the time I pay my house insurance flood insurance wind insurance and then property tax I am well over $10,000. That's why I'm selling and moving to Georgia

@pamelagatfield2093 Жыл бұрын

The biggest financial suprise for myself and other out of state ppl was 1. The tax when you purchase is estimated by the title Co. Based on the PRIOR purchase price, not what you are paying. I don't know why they do this, instead of calculating what YOU will actually be paying. You'll get a big surprise the first year. 2. Maintenance on a FL home is nothing like a Calif home. TONS of maintenance!!! I never cleaned a gutter, power washed, or had a jungle to maintain. Or had hurricane ins. Or run AC 24/7. When you factor everything it's not cheaper.

@midlife_minimalist Жыл бұрын

Home maintenance in FL is no joke and even worse if you are near the water

@marshallwise1763 Жыл бұрын

No State tax...still got to pay by other means.😮

@louisbarnes9971 Жыл бұрын

Best advice, forget moving to Florida. It ain’t worth it anymore !

@keithhults8986 Жыл бұрын

I sold in Sarasota. Pelican Cove, in Vamo. The appraisal was $370k and it sold for $640k. I ran like I robbed a bank. Living in my 3bdrm home on the Gold Coast of Long Island costs less today, than living in the Pelican Cove condo. The state is destroying natural habitats in favor of ALL SPRAWL! 75 is just like the 495 in NY during rush hour. Both 75 and 95 do not have enough lanes to handle a fast mass storm evacuation from south Florida today. Expect 10-15 hours of road creeping, to travel north of Florida. I was thrown out of Dr Sassano's office on Tamiami trail during covid on the assumption that I might be positive and forced to quarantine for 26 days because they suspected that I was positive. I will never live in Florida again. Floriduh!

@healthyone100 Жыл бұрын

Florida is going to run out of land to build on, way too many lakes and too many people, i live upstate n,y very quite little town and SO much cheaper!

@keithhults8986 Жыл бұрын

I love where i live. NY has everything from Niagara Falls to Montauk Point. At least we get something for the bills we pay. New Yorkers can whine all they want. GO! Go move to Florida. I started diving in the Keys 35yrs ago. Florida was super affordable and great back then. My father bought his place in Sarasota in 2005. BTW I we us gave the condo money, all of it to an education charity for under privileged students in Florida. Dad wanted to give it away again, on his way out. Perfect timing. While DeSantis attempts to choke off learning. Learning is fundamental!

@mht5875 11 ай бұрын

Have you seen a photo of Sarasota’s skyline lately? Looks just like NYC

@theresehopkins1581 Жыл бұрын

When we lived there in the 1980's it was wonderful.... a very environmental and people friendly place.... the place of dreams!!!... not any more though. In 1992 Florida went "pro business" with their policies, the environment and the average person began to suffer..... The situation has only gotten worse... what a shame 💔💔💔💔💔

@mri3384 Жыл бұрын

Now Ron boy is letting his business friends build roads with radio active waste. Nice way to go for a drive and get cancer.

@spanishh2001 Жыл бұрын

You started off, by saying people from California or New York. Your correct, compared to those cities, most will find things cheap, in Florida. But Most Floridians, will NOT pay what out of State people are paying. I've sold 3 properties to New Yorkers, each of them thinking they got a great deal. Not knowing, as a Floridian, I've received 3 to 4 times the original purchase price:)))) (owned for about 10 yrs) out of State people are getting ripped off in North Florida....when the bubble burst happens, you'll see what i mean.

@katrintherealestateguide Жыл бұрын

Thanks for sharing your thoughts.

@naturelover2292 Жыл бұрын

Exactly! I see people paying $600k for $300k homes and say they got a good deal. whe the market changes they will be underwater. The wages are low in Florida and these prices are unsustainable.

@princeben7544 Жыл бұрын

@@naturelover2292 Facts!!!!!!

@dbro5430 Жыл бұрын

Was affordable about 7 years ago. It's as bad as or worse than NY at this time

@healthyone100 Жыл бұрын

I live in beautiful upstate n.y, i bought my 7 year old very nice house trailer for $25,000 its mostly retired people NO crime i sleep with my windows open, it has a very nice enclosed porch which my cats love and deck in the back a good size shed, very nice front and back yard, when i moved here 10 years ago my lot rent was $285.00 a month it has gone up only to $335. 00 a month in 10 years, my landlord only raises the rent when the taxes go up he keeps the place spotless clean Thank goodness he cares about the tennets, sure he makes a good income but he's not greedy, i'm 73 ans ain't going anywhere!!

@jabreck1934 Жыл бұрын

What about the new policy? New roof every 10 years or no insurance!!! Florida is done! Only a fool would live there!!!

@efrainflores3902 Жыл бұрын

The only way to prevent that is by voting out the FL legislators that voted for that bill.

@oscalsochirino8706 Жыл бұрын

When will that be in effect bc my roof is 25 old and no leaks

@oscalsochirino8706 Жыл бұрын

Whats sad is that all of Miami rents rooms to be able to lay this insurance etc how sad fake economy at its finest

@jabreck1934 Жыл бұрын

@@oscalsochirino8706 according to report. It goes into affect this year, for all of Florida. (before it was just certain areas)

@oscalsochirino8706 Жыл бұрын

@@jabreck1934 so if you can’t afford a new roof you’re screwed ? Or pay xtra premium

@ElizofAmerica Жыл бұрын

Flooding, hurricanes, bugs, oppressive heat don’t think so

@katrintherealestateguide Жыл бұрын

Ha I got used to it. Actually love it :).

@edwarddoyle1522 Жыл бұрын

Shocking! We are retired in South Florida. We could not even afford renting here if we sold our paid for home! This is one reason inventory is low here because our property taxes are grandfathered at 3% annual rate increase while our new neighbor is paying $14k in annual taxes!

@katrintherealestateguide Жыл бұрын

That is a great point about property taxes and one of the reasons many people do not want to sell and rebuy in FL for now.

@Jack-russell103 Жыл бұрын

@@katrintherealestateguide wrong. We have tax Portability. The save our homes program If you have a homestead you can take it with you when you buy a new house in florida. You should know that

@katrintherealestateguide Жыл бұрын

@Jack-russell103 on Homestead properties, benefit transfer up to $500k yes. What about those that don't have a homestead? What about multi-million dollar properties that have been under one ownership forever. It isn't as clean-cut as you think.

@Jack-russell103 Жыл бұрын

@@katrintherealestateguide for the average florida homeowner yeah it is clean cut. We all have homestead exemptions a d can use the save our home program to transfer our tax beak to the new property. Only second homes and rentals dont qualify

@dem7615 Жыл бұрын

Same situation in Maine.. Out priced ...can't move and sell my home.. rents 4 times my mortgage

@dociebiemowie915 Жыл бұрын

What about all the bugs down there? The palmetto bugs and mosquitos should pay for the mortgage.

@katrintherealestateguide Жыл бұрын

they should!

@buffaloman5042 Жыл бұрын

The Sarasota county commissioners have allowed this area to be destroyed by rubber stamping endless housing developments..they are basically developers going against the will of the people

@johnhix484 Жыл бұрын

Every day I wake up in Texas, I thank God I didn’t retire inFlorida!

@sherryislam2002 Жыл бұрын

I am with you. And I love beaches.

@rayray9504 Жыл бұрын

If you want great weather without the high costs of real estate and living in FL, there are many more options abroad or other southern states. FL is a hot mess.

@nancychandler3673 Жыл бұрын

Panama is a great place to retire.

@johnphillipsplumbing7148 Жыл бұрын

Living in Florida is like being in a casino,one day, you're up, and the next day, you are down. If you're a gambler ,come on down! Another wonderful video😊

@katrintherealestateguide Жыл бұрын

John, I can tell you have a great sense of humor. Love. it. Thank you for chiming in.

@johnphillipsplumbing7148 Жыл бұрын

@@katrintherealestateguidehave a great day!

@katrintherealestateguide Жыл бұрын

@@johnphillipsplumbing7148 You as well John!

@luiluu3817 Жыл бұрын

it all depends if you live in orlando or guetto areas the house will be super cheap so good luck or if you work in low income jobs yes u can live in tampa lol if you like me well educated and have a great job yes move to florida lol just saying

@luiluu3817 Жыл бұрын

by the way i live in florida and own 4 houses in case

@nonawolf7495 Жыл бұрын

NOTE to buyers: The deadline to file for homestead exemption in Brevard county is MARCH. If you miss the cutoff, your exemption won't apply till the following year. In that time, your assessed value could go much higher, and you could get stuck paying much higher taxes. Check the homestead rules for your county - and get on it ASAP!!

@katrintherealestateguide Жыл бұрын

yikes :(

@mslisa5791 Жыл бұрын

Flood insurance, homeowners insurance, electricity, water, HOA fees are much higher in Sarasota county than what she listed. Especially since Hurricane Ian.

@jerzeedivr Жыл бұрын

You would think Ron De$hitStain would be working on this Problem instead of fighting Walt Disney World!

@stephenbanks5860 Жыл бұрын

Watch your mouth.

@melB2392 Жыл бұрын

Thank you Katrin! Appreciate you sharing your knowledge in such a genuine manner:)

@katrintherealestateguide Жыл бұрын

Thank you for your positive feedback :)...take care.

@jhors7777 Жыл бұрын

Thank you for posting this helpful video, and for the spreadsheet!

@katrintherealestateguide Жыл бұрын

You are very welcome!

@tamaracherry6988 Жыл бұрын

Thank you for taking the time to create this thorough informative video. The free spreadsheet is a bonus!!!

@katrintherealestateguide Жыл бұрын

I am glad it was of value :)

@BK12310 Жыл бұрын

Great breakdown of expenses. Seems like you covered most expenses related to owning and managing a home. Good info!

@katrintherealestateguide Жыл бұрын

Thank you :)

@pc3666 Жыл бұрын

Great video, very informative! Thanks Katrin 😊

@katrintherealestateguide Жыл бұрын

PC3666, thank you for always supporting. Take care!

@reneeemigree9004 Жыл бұрын

Would never pay $11,000 a year in property taxes, not as much the money, but on principle. And would never get involved with HOA’s, unless renting, bec one is not trapped, stuck. Never.

@jeffreyschnitman2484 Жыл бұрын

Do you have homestead exemption

@nancychandler3673 Жыл бұрын

In Colorado our Real Estate taxes on a $750,000 home is around $3,000 per year. We have Mountains, rivers for fishing and the beauty of 4 seasons

@jeffreyschnitman2484 Жыл бұрын

With homestead exemption I pay 600.00 yr on my 900 Sq ft one bedroom condo in Broward.

@jeffreyschnitman2484 Жыл бұрын

To avoid snow and less expense this is the consequence. To much demand in Florida.

@nancychandler3673 Жыл бұрын

@@jeffreyschnitman2484 Ya have to own the home for 10 years for the Homestead Act. Used as a primary residence. I wouldn't buy in Florida now.

@richardmarte293 Жыл бұрын

Thank you for that so informative chart. Great itemization of the cost to all the basic home and necessities.

@katrintherealestateguide Жыл бұрын

You are very welcome!

@alphonsoeiland3196 Жыл бұрын

Concise, thorough, and very informative. Thank you for sharing and taking the time ⏲️ and energy to put in your videos.

@katrintherealestateguide Жыл бұрын

Thank you 😊

@waitaminute2015 Жыл бұрын

My friend sold her FL home and moved to NY, so it all depends.

@katrintherealestateguide Жыл бұрын

Surely does.

@joseantoniorodriguez1515 Жыл бұрын

Great video in explaining line by line on what to expect when purchasing and the changes after purchasing the home in Florida. I am a Mortgage Broker for 25 years plus and cover the state of Florida and other states and I have seen it all. Keep up the excellent work in sharing valuable information. Jr

@katrintherealestateguide Жыл бұрын

Thank you Jose! Where is your practice located in FL?

@iBcv_Dubs Жыл бұрын

Don't know how I got to your video, but glad I did! Your insight is very much welcoming. I am inbound to Florida and have been looking into purchasing a house. It is great to see what is coming through the pipeline and see what to really expect post purchase.

@katrintherealestateguide Жыл бұрын

I am glad it was helpful Christian!

@maureenmukhlis2934 Жыл бұрын

Be careful!!! I bought here in 2019. I had no idea that my condo fee would practically double and my insurance would go up 1,400 in 21/2 years!! Now I’m selling unless I want to work full time until I drop dead😢😢😢😢

@PianoMatronNeeNee Жыл бұрын

Very informative video. Many thanks for sharing from Miami.

@katrintherealestateguide Жыл бұрын

You are very welcome :)

@echogl Жыл бұрын

FL has changed due to the homeowners insurance is going through the roof. I used to live there and wanted to go back, but will not now.

@katrintherealestateguide Жыл бұрын

👍

@ritafaulkner7042 Жыл бұрын

Great info for those that are re-locating and on a budget!

@katrintherealestateguide Жыл бұрын

I am glad you found value in it :)

@LadyD7 11 ай бұрын

Great video thanks for the awesome information.

@katrintherealestateguide 11 ай бұрын

Thank you for commenting!

@annepierre-joseph2713 Жыл бұрын

I be damn if I live New York to move to Florida to buy $600K houses while nurse’s are getting pay $30 hourly never would that be me

@doninmichigan Жыл бұрын

Things are getting bad, people are pretty much going to have to stay where they're at. If you're house is payed for and you're grandfathered in on a decent property tax rate, you're in a lot better shape.

@healthyone100 Жыл бұрын

@@doninmichigan i'd be a fool to move from where i am, i paid $25,000 for my7 year old very nice trailer in a very nice trailer park, my lot rent has gone up $55.00 in tens years!

@doninmichigan Жыл бұрын

@@healthyone100 There you go, as long as you're happy there, you've got it made!

@justius5430 Жыл бұрын

Another very good and informative video! Thank you 😊

@katrintherealestateguide Жыл бұрын

🙌

@manbtm1 Жыл бұрын

My sister moved back to Michigan after 18 years in Orlando, I just couldn’t take the state anymore, and what’s going on there, crazy prices, crazy insurances, car insurance is even hi there, massive construction and traffic jams ! can’t stand the political scene. So it was time to go and she is very glad she did.

@MaryLopez-hc7rc Жыл бұрын

Yes. I am glad she took her politics with her. No loss!

@manbtm1 Жыл бұрын

@@MaryLopez-hc7rc funny, she said the same thing ,,,,doesn’t like dictators who degrade other people

@conservativehippie9736 Жыл бұрын

@Mary Lopez agree with you FULLY! 🤝 10:21

@sherryislam2002 Жыл бұрын

I hear you.

@tomjeff4181 Жыл бұрын

@@MaryLopez-hc7rc Florida ghetto insurance companies Citizens Insurance, global warming catastrophe insurance rates to increase another 20 to 30 percent, anybody can buy an AK-47 riffle, the drug cartel of South America and Mexico own the politicians in southern Florida, a state that pay crappy wages in all professions. I stay here in Manhattan 😮

@midlife_minimalist Жыл бұрын

Flood insurance is going up with the new risk based pricing. I’m not in a flood zone and mine will eventually be $1400 when the annual increase caps are exhausted. And that’s just for the fed coverage up to $250k damage

@katrintherealestateguide Жыл бұрын

@tuyetha3856 Жыл бұрын

Very informative video. Thank you!

@katrintherealestateguide Жыл бұрын

Thank you for watching! :)

@katec4096 Жыл бұрын

Lots of valuable information as always. I appreciate your hard work. I did not recognize you at first when you wore your eyeglasses. Lol.

@katrintherealestateguide Жыл бұрын

Thank you Kate! I am blind like a bat without the glasses or contacts :)

@judyg9976 Жыл бұрын

Thank you for all the fine detail costs you discuss in all your videos You have the figures to backup what's actually happening now in Florida real estate. I appreciate all the videos you have done and look forward to more!

@katrintherealestateguide Жыл бұрын

I appreciate you for watching and for your positive vibe. Thank you!

@superioradvantage Жыл бұрын

Florida used to be nice and when the market crashes and it will…it will be ugly.

@milliesanchez4719 Жыл бұрын

Thank u for your truthfulness

@katrintherealestateguide Жыл бұрын

🙂

@kathyparker7837 Жыл бұрын

I always check property appraiser site. They usually have a calculator, some where you can input portability, to get a good idea of what your taxes will be.

@katrintherealestateguide Жыл бұрын

👍

@White-ms9uo Жыл бұрын

Your videos are excellent and very informative

@katrintherealestateguide Жыл бұрын

Thank you!

@BlackBirdieGolf Жыл бұрын

Great video Katrin!

@katrintherealestateguide Жыл бұрын

Thank you for watching :)

@BlackBirdieGolf Жыл бұрын

@@katrintherealestateguide always! Looking at those numbers makes me not want to move lol. We will have close to 60 percent down on whichever home we buy. Hopefully mortgage rates are a little lower in 3 years.

@eddierodriguez8004 Жыл бұрын

Great info for new to Florida residents or even someone moving out of their parents umbrella. Another game changer is the lower salaries if you are moving from industrial areas. Florida use to be very affordable when started visiting early 90’s housing prices difference from northern states where noticiable that’s not the case anymore the margin is little. Love Florida life.

@legenddaughterrd Жыл бұрын

cost of living different from up north and florida you cannot compare them florida got strange rules everybody knows yourbusiness in florida and they are always looking for a handout

@legenddaughterrd Жыл бұрын

florida takes you a run for your money

@sureok1196 Жыл бұрын

Incomes here are definitely not comparable to the cost of living. Pay here is also considerably less than other states for the same type of job.

@JohnJohn-wr1jo 9 ай бұрын

Florida is no longer the bargain that previous generations were able to enjoy along with the comfortable winter temps. I have dozens of friends and family that moved to Florida in the last 30 years. Not one is happy with the current state of affairs and the direction the state is heading financially. I cautioned several in the last 3 years that before they finalized their decision to relocate they needed to fully research it and if it were me, I would rent for a year first before selling. That would allow one to get a true feel of the Florida life without the risk. Neither did, they have since admitted to me it was a huge mistake. One lived in Lee County for less than a year before Ian put 2 feet of water in their house. Forced to sue the insurance company whos offered to settle for 30% on the dollar. Fortunately they had the cash to get the house back to livable but their fear now is that they are so upside down in that house financially they will never recover. Not to mention the chance of another hurricane wiping them out.

@faridghu192 Жыл бұрын

We pay $2700 for $300k home in Hudson. Non flood zone with 12 yr old roof, in NJ we paid $800 for a $600k home. Auto $987 for $100k 6month AAA policy, NJ $555 for a $500k Allstate policy. 😢 It is what it is 😮 come on down 😊 Re taxes fla. $1900. NJ $14k😮

@katrintherealestateguide Жыл бұрын

Thank you for adding your insights.

@tradergurlnancy1551 Жыл бұрын

I have family in Tampa, Indian Shores, and Bradenton, but as an artist and designer, GULFPORT is my Florida (snowbird) happy 😊 place!!! I hope to live there year round some day. Very helpful info.

@katrintherealestateguide Жыл бұрын

Gulfport is great! Love all the plants around people's yards 🙃

@nancychandler3673 Жыл бұрын

GulfPort is awesome. We know DeSantis sucks. We live with love not hate in GulfPort.

@kathyparker7837 Жыл бұрын

Sold in Tampa Bay. Looking in north Florida. Called last week re insurance, on home I w as considering making an offer on. They were overwhelmed with business and not writing any new policies.

@katrintherealestateguide Жыл бұрын

Thank you for sharing!

@eddiemartinez3298 Жыл бұрын

Best way to figure out Taxes for your home in your area is to look at the Millage rate. Then whatever the purchase price is if your homestead is subtract fifty thousand. Whatever you get from this number Take out all the zero's prior to the 100000 block.. Then multiply that by the Mileage rate. This should be pretty close to what you will Pay. West coast to florida is seeing a surge of properties come on market. And we'll continue to see properties availability rising throughout this year. Effectively lowering the purchase price points to these areas. This price Point adjustment Is necessary as less and less people can afford to purchase homes. As we all know the markets are what create the pricing. More homes on the market means larger supply. Less buyers on the market a less demand. Simply put the lowering of purchase pricing.

@balzoemg8415 Жыл бұрын

Florida is not the only state that has HOA fees & taxes. I live in NYC and pay $1500/month for my HOA plus my mortgage & insurance Floridians were spoiled all these years paying very little. Now Florida is just catching up to the rest of the country.

@katrintherealestateguide Жыл бұрын

Surely the prices have come up in FL. Oh, I know all about NYC prices as I am from there originally. That's one of the reasons we are getting many from NY moving down here because for many of them it is still way more affordable.

@sherryislam2002 Жыл бұрын

Yes it’s not more expensive than other states. Homeowners fees are in most states just not Florida.

@katrintherealestateguide Жыл бұрын

@@sherryislam2002 👍

@biancaleva Жыл бұрын

I would think that prices of Real Estate are not normal and sustainable in my opinion. Canadians used to buy houses for wintertime, but now that is finished! We here in Canada can hardly afford a house In Toronto.

@morningstarwampanoag7906 Жыл бұрын

Well done report. Thanks. Are all of these costs going to increase significantly for the 'middle-class' as of May 1st - with the new legislation and budgeting?

@katrintherealestateguide Жыл бұрын

We will need to wait and see.

@morningstarwampanoag7906 Жыл бұрын

@@katrintherealestateguide Ok. Just what I thought. I'm hopeful to find a condo to rent or purchase in N.E. Florida. This seems to be a good time to search since this is about when the Snowbirds leave.

@katrintherealestateguide Жыл бұрын

@@morningstarwampanoag7906 Yes prices will likely drop a little in the summer due to fewer people shopping during that time of the year.

@morningstarwampanoag7906 Жыл бұрын

@@katrintherealestateguide That's one of the things I'm hoping for. Although, I've read that about 900 people a day are moving to Florida. So there is still going to be a lot of competition for housing. Thanks again! 🤔

@justanotherreseller351 Жыл бұрын

Its MUCH cheaper in the midwest..I will say that much

@flybirds2024 Жыл бұрын

My situation is completely different than what you are explaining, I bought a new house in The Villages and for 2023 my homeowner's insurance is $1200 a year and my car insurance went up from $900 to $1200 a year because I purchased a new car. My real estate tax is just over $4000 and when I left NJ I was paying $7000 on a smaller home. Also, not to mention that I make $250 more a month because there is no state tax!

@flybirds2024 Жыл бұрын

Also, my Activity Fee is $176 a month and the bond is $95 a month so the costs here are way below what you are saying are averages.

@flybirds2024 Жыл бұрын

And my total monthly cost is $5200 a month and is so much less than what you have in the spreadsheet.

@katrintherealestateguide Жыл бұрын

Sounds like you are doing great :)

@katrintherealestateguide Жыл бұрын

that's why I say the costs will need to be updated based on your own situation and location

@flybirds2024 Жыл бұрын

@@katrintherealestateguide I am concerned with homeowners insurance, even though I am not near a coast the cost of damage in the state may drive up costs. Especially if some of the insurance companies bail out of Florida.

@pedrocollazo1170 Жыл бұрын

Good info Katrin. Were can I find your excel spread sheet you share on the vedio?

@katrintherealestateguide Жыл бұрын

Link in description section.

@TM-nu5vd Жыл бұрын

For the Property Tax RESET, do the 3% or 10% caps kick in the AFTER the initial reset year? I'm assuming the state wants their $$$ from the increased sale at the beginning.

@jimshoe402 8 ай бұрын

Thanks!

@jimshoe402 8 ай бұрын

Never saw this one Good for You...Buy a water and Hit the Beach..ALOHA😁😁😁

@katrintherealestateguide 8 ай бұрын

Jim, thank you again for watching and for all your appreciation. Where are you located again?

@vn2000ltd Жыл бұрын

Do you have a similar excel sheet for taxes paid on particular items. Am building new in Sarasota (non flood zone) Coming from Va there are many common costs. Property tax vs CDD/HOA. No grocery sales tax. Win! Thx for the thoughtful exposition. You haven’t scared me off.

@katrintherealestateguide Жыл бұрын

Hi sorry I don't 😞

@puzzle3407 Жыл бұрын

im on my 3rd rodeo in buying in Florida, don't RUSH to buy, seller will try to hassle you, also keep some money save up for extra little things such as inspections..etc. take your sweet time to buy DO NOT RUSH just because you like it or some other offer its on the table that's where they get you with out Vaseline. One last thing BE AWARE ON realtors and investors, DO YOUR DUE DILIGENT. Florida its a fast money state.

@mathewmcfool Жыл бұрын

I never meet women like this 😂 why me lord 😂 when was the last time a woman whipped up a spreadsheet for you 😂 you killed that! Great video, gave me a lot to think about.

@katrintherealestateguide Жыл бұрын

That was a hilarious response...🤣thank you for your comment...it made me laugh ha :). Have a great weekend!

@bhupinderkalra5188 Жыл бұрын

Can somebody elaborate the cost of holding small vacation home for a person living bc canada

@reneeemigree9004 Жыл бұрын

Something’s really fishy with this, in America, Florida, primarily. Because they’ve always had hurricanes year after year, so, we don’t buy it. And just today, the guy in work showed me his spreadsheet and photos, of reasonable prices. Ty for your report, would like to look at your report.

@katrintherealestateguide Жыл бұрын

The costs are based on one scenario only as I mentioned in the video. If you choose to be in a non-HOA area and don't have a pool or maybe you take care of the property yourself (no hired labor), a lot of the expenses can be shaven off.

@blaster-zy7xx Жыл бұрын

It varies quite a bit depending on where you are. She is talking about Sarasota, Bradenton etc. These are coastal areas and much mor expensive than living inland. We live in the southwest on the water and it is expensive, especially after the last hurricane that wiped out many homes. So insurance and cost of roofs for example have gone WAY up.

@katrintherealestateguide Жыл бұрын

@@blaster-zy7xx yes indeed

@stevenbuonacore9690 11 ай бұрын

Moved from California (way out of control on home prices there) and looking to buy on gulf coast. I live in Port Saint Lucie now but Katrin your scaring me before possibly buying and moving to the other side. Yikes I have bad luck, moved away from Cali and now everything here is kind of doing the same thing its done over there. Think I should wait to see were bottom is before deciding.

@katrintherealestateguide 11 ай бұрын

👍

@farithj 8 ай бұрын

I've been living in FL for 22 years.. this place is unaffordable now. Wages are not up to pay expenses, my house tax went up $500 for next year. My house insurance went up $400 within 6 months. If you live in NY or San Fran at least you can get pay better and you could find options outside of the city, here even as an engineer the pay is not so good. Medium mortgage payments here in FL is between 3k and 4k. Insane.

@patriciaranke5303 Жыл бұрын

Desantis legislates protection for insurance companies

@luistor4510 Жыл бұрын

That is some scary list of expenses

@katrintherealestateguide Жыл бұрын

You don't need to incur all of them. Really depeyour budget, lifestyle, wants and needs.

@RICTV83 Жыл бұрын

Sad to say every major see has an increase just look at Columbus Ohio...... SAD situation

@katrintherealestateguide Жыл бұрын

many yes

@dankotos61 Жыл бұрын

What's the solar energy industry look like in Florida. Connecticut hear they're pushing a solar

@Gardis72 10 ай бұрын

I called an agent suggested by my mortgage broker. He told me he needed "further information" that included my SS# and claims history for 5 years, and details about the property including any wind mitigation report, age of water heater and A/C, and if ALL windows and doors have hurricane protection. I replied that that information is not available to a prospective buyer unless a binder has been placed. I explained that I was just doing due diligence. I came up empty handed. My point is, sure, you can buy the insurance (condos in PBC, not single fam home) but how much??

@ericpommier4197 Жыл бұрын

I used to live in Sarasota. My auto insurance in Florida was way cheaper than what I'm paying where I'm at now. My rent when I was in Florida was high for what I was living in. I also lived in California for a short while. By far the most expensive state that I've lived in out of six states.

@katrintherealestateguide Жыл бұрын

👍It certainly is all relative to what you are used to.

@katrintherealestateguide Жыл бұрын

Really important to note the financial health of an HOA prior to purchasing.

@susievidal4134 Жыл бұрын

I've been wanting to move to Clermont since before Covid and I've seen an increase in prices on homes and that town is as central as it gets so do you think it's a bad idea to move there this summer? I'm looking for something small and under 300k maybe even a condo with amenities but near Clermont

@katrintherealestateguide Жыл бұрын

Are you referring to the weather or prices when you say bad idea?

@susievidal4134 Жыл бұрын

@@katrintherealestateguide the prices and any chance property taxes going down?

@ran6110 Жыл бұрын

And remember, no matter how nice they look or talk the realtors and agents primary goal is to get the price as high as they possibly can to put more money in their own pockets!

@katrintherealestateguide Жыл бұрын

It is the market that sets the price, not the realtor.

@ran6110 Жыл бұрын

@@katrintherealestateguide yes, but the realtor and agents have an inordinate amount of influence over the process starting with the asking price and the properties selected to be shown…

@legenddaughterrd Жыл бұрын

that right those hidden fees are no spoken of my taxes went from 335 a year to 1400 in 7 years every year it went up never went down and it over 100 dollars every year after that for less than an acre of land then they have code enforcement rules and regulation you need to follow regardless if you owe the property or not where they add on stupid fines like your house number need to be on your mailbox or you be fined or your grass has to be cut at a certain length etc. or you be fined

@SecretRoomEvents Жыл бұрын

A good show to do a video on is the difference cost for buying condo verses a house. Like does the hoa cost help with cost for hone owners verses a house..many of us want to know thanks

@katrintherealestateguide Жыл бұрын

👍

@joseph87328 Жыл бұрын

forget about a condo / hoa, new laws are coming into effect that will have enormous $$$ cost consequences as well as dealing with your friendly condo comando squad

@katrintherealestateguide Жыл бұрын

@@joseph87328 Joseph, which laws are you referring to?

@joseph87328 Жыл бұрын

@@katrintherealestateguide Florida Legislature passes condo law on inspection, repairs Starting in 2025, condo boards will need to set aside reserve money to cover future repairs.

@katrintherealestateguide Жыл бұрын

@joseph87328 AH yes, I speak about that in the video. I also did a deeper dive into the Surfside Bill in one of my previous videos.

@katrintherealestateguide Жыл бұрын

DISCLAIMER: All content provided on this KZfaq channel, or via this KZfaq channel is for educational and entertainment purposes. The owner of this channel, Katrin Pfitzenreiter, makes no representations as to the accuracy of any information on this site or the shared sheets as presented in this video. THE ESTIMATES IN THE SHEETS ARE NOT SUBSTITUTES FOR AN OFFICIAL QUOTE FROM A SERVICE PROVIDER, MORTGAGE BROKER OR FEEDBACK FROM A LOCAL REALTOR. Information provided is subject to change, as they so often do in this fast-paced world. Katrin Pfitzenreiter will not be liable for any mistakes in this information. Katrin Pfitzenreiter will not be liable for any injuries or damages from the display or use of this information. The use of the internet and digital methods for communications with Katrin Pfitzenreiter such as e-mails and sharing of the documents/sheets described in this video does not establish a formal business relationship. TABLEAU: public.tableau.com/app/profile/katrin.pfitzenreiter/viz/ZillowHomeValueIndexZHVISingle-FamilyHomesFloridaCities/Sheet1 EXCEL SPREADSHEET WORKSHEET: mailchi.mp/f961f225affc/cost-of-living-excel-spreadsheet Watch this video here for a eal estate market update: kzfaq.info/get/bejne/b9-Ieq9nnpexqY0.html

@cecilpatterson6575 Жыл бұрын

It would be interesting if you did a comparison to say a home in West Chester County NY. Don't forget to throw in the income taxes and the cost of heating your home in the winter. When you do that, I don't think you will find that Florida is such a bad place.

@katrintherealestateguide Жыл бұрын

I actually used to live in Westchester County prior to heading into NYC and know the area very well. The cost of living will be more affordable in many places in FL vs Westchester NY.

@naturelover2292 Жыл бұрын

No different than trying to keep your house cool in 100 degrees heat and all electric companies just got a second approval on another rate increase starting this month. Wages are also higher in NY.

@waitaminute2015 Жыл бұрын

My friend sold her FL home and moved to long island last year. It depends, but the point of the video is that FL is not cheap.

@katrintherealestateguide Жыл бұрын

@@waitaminute2015 It isn't as affordable as it once was. No. I will say though as a former NYer from Manhattan, it certainly is way more affordable in most places. So it is relative.

@waitaminute2015 Жыл бұрын

@@katrintherealestateguide I understand. Happy mother's day.

@estelatechera5147 Жыл бұрын

This is when you realize how great all south America and Mexico is , why well you can buy a better home made out of concrete and iron steel bars inside of it , for about 150k cash as good or better then USA houses , house insurance does not exist , you don't have to do the roof every 20 years cause since all roof are made of concrete wich is how roofs should be well they last more then any human life , and to top it off taxes are about $500 per year max , before I forget including an inground pool also for that price . You see how USA ain't that great after all , . In all this countries 80% of the people have their houses paid off , wich is the opposite in USA , the land of the dream

@MaryLopez-hc7rc Жыл бұрын

With so many running across the border into the USA I suspect there will be room for more to leave America and move into Mexico. I do know you have to have a minimum of 100K and they do not finance homes. You have to apply and be a accepted. Having traveled around Mexico I do know there are homes that are expensive. You can get a decent price on something akin to apartments. The groceries are not cheap.

@jbeav3902 Жыл бұрын

Most houses along the coast are uninsurable. If your fine self insuring. Say your house is 80 million and it burns down your ok taking your money and building another.

@FairBeautyEssentials Жыл бұрын

Florida is becoming the next California and the next New York

@katrintherealestateguide Жыл бұрын

Very popular indeed

@ca9777 Жыл бұрын

Its not becoming California and NY, it is California and New York!!!

@mri3384 Жыл бұрын

Also beware of people eager to stand their ground any where - malls, restaurants, schools, parks and neighborhood. Keep your mouth shut and watch for people eager to argue.

@katrintherealestateguide Жыл бұрын

That's unfortunately true everywhere

@andri9011 Жыл бұрын

Just got a 600,000 house in Port St. Lucie in a community, luckily my home owner insurance rate is only $130 a month due to it being a non flood zone. Very excited for this move! Affordability is much cheaper in Florida than NYC

@katrintherealestateguide Жыл бұрын

for sure !

@naturelover2292 Жыл бұрын

You spen $600k on a house in pt lucie 😮 that isn’t a cheap purchase for Fl. Just saying only northerners would think so

@andri9011 Жыл бұрын

@@naturelover2292 Its on a lake and 5 bd 3 bathrooms with no neighbor on on side and full upgraded tile throughout the entire house so pretty good deal tbh

@lizzie2301 Жыл бұрын

600k for a house in Port Saint Lucie 🤦🏽‍♀️🤣 I lived their for a year by the way. I wonder if they still have the nuclear plant…good luck 😂

@andri9011 Жыл бұрын

@@lizzie2301 With desantis new law; this will sky rocket prices even further.. Those 600k homes will go upwards of 900G+ ; high demand low supply due to no workers

@marshallwise1763 Жыл бұрын

New arrivals haven't experienced the heat and humidity. Another day in paradise...NOT

@karatohongkongcat Жыл бұрын

Damn this is making hard for me to consider moving to flow tee da

@chrisvillines1129 Жыл бұрын

I wanted to move to Florida to retire not anymore,it's one of the worst places to visit or live, becoming horribly overpopulated and the crime unbearable,no longer paradise 😮😮😮😮!!

@esskay8768 Жыл бұрын

I agree..It's overrated

@jasper69234 Жыл бұрын

If you want no crime move to NYC. The mayor said lowest crime in the nation a few weeks ago.

@mht5875 11 ай бұрын

Crime in Sarasota is on a par with Bradenton nowadays - I also know more than a few people who have been scammed into get-rich-quick schemes, their identity stolen and no shortage of DUIs

@mpdnd1335 Жыл бұрын

The building in Miami that collapsed was detonated from underneath. Just like Building 7 from Sept. 11th (which was obvious along with the other buildings that collapsed from the bottom and people could not get out of}. Do you really think that a little plane could do that much damage???? Blown up on purpose because they thought that McAffee was in one of the condos in Miami and they wanted him dead. The collapse was NOT due to repairs that were not made.

@katrintherealestateguide Жыл бұрын

Why not link a study / evidence here that supports your assertion. 😉

@marc639 Жыл бұрын

Only buy when market is going down

@katrintherealestateguide Жыл бұрын

What if it goes for another 5 years by about 30% and then it crashes by 20%?

@fern8580 11 ай бұрын

Why does the sun go on shining? Why does the sea rush to shore? Don't they know it's the end of the world ? Cause municipal and federal taxers have taken power!

@katrintherealestateguide 11 ай бұрын

🤔

@jamieleeleblanc Жыл бұрын

Moving to Florida from the north was the best move I have made and my only regret is not doing it sooner. It was about 42% cost of living decrease vs VT and the quality of life is easily 5x higher. Florida is amazing and the top state in the country for many aspects which is why more people are moving to Florida than any other state. It really helps when the state is governed properly to help aid in making it better where the northern states tend to be horribly governed making the states worse. (at least in the north east states)

@jasper69234 Жыл бұрын

Shocking. A few weeks ago the NYC mayor said they have the lowest crime in the nation. LOL

@justmythoughtsjustmythough7202 Жыл бұрын

You’re going to live to regret that statement. On another note…can you go work on the farms so that the prices won’t go up? We really need you Floridians out in the fields. NOW.

@jasper69234 Жыл бұрын

@@justmythoughtsjustmythough7202 Florida has plenty of legal people to work on farms. The ones that DeSantis is referring to are the ones that came into the country illegally and with no back ground check. If you stop at the border and register you can work and get benefits. The other thing he is trying to stop is cash paying farmers and builders that avoid workers compensation and taxes. He has nothing against legal immigrants. That's why he got the majority of immigrant votes.

@justmythoughtsjustmythough7202 Жыл бұрын

@@jasper69234 That’s not why he got the immigrant vote and you know it or maybe you have fooled yourself into thinking that is the reason. If you have more than enough legal residents to work the farms and construction….why aren’t you and them doing so? Maybe I’m looking in the wrong places…direct me. I’m not a fan of illegal workers because they are exploited by the wealthy business owners. But Americans aren’t in the fields in my state either.

@jasper69234 Жыл бұрын

@@justmythoughtsjustmythough7202 The answer is do background checks and issue work visas reviewed yearly until they become citizens. Offer temporary assistance but not long term social programs. The over the top free stuff has to stop. They have no incentive to work if everything is free.

@milliesanchez4719 Жыл бұрын

Can u refer us to living in Georgia

@katrintherealestateguide Жыл бұрын

Hi, are you asking for a realtor referral in Georgia?

@marybowers6090 Жыл бұрын

It’s because of all the people leaving their states that are going to hell in a hand basket. Please stay in ur states and fox what u broke

@smileyone6186 Жыл бұрын

How about if your a person that has been in your state all your life and you just want to retire to warmer weather and different scenery. I am one who has not lived anywhere else and I would just like to experience living somewhere different.😊

@hotrox2112 Жыл бұрын

@@smileyone6186 My interest as well...I just want to trade my snow shovel in for a slice of key Lime Pie & a Mojito

@smileyone6186 Жыл бұрын

@hotrox21 that sounds great!

@waitaminute2015 Жыл бұрын

Most Floridians are aggressive and rude to new comers.