Florida is the “Sunshine State.” But it is also a state known for severe weather, and for containing over 80 different ecosystems with amazing biodiversity.
That means that shopping for a home in FL can be a unique experience. When you buy a single-family residence, you are also purchasing the land on which it rests. In this post, we are going to go over some important considerations for buying a home and land in FL.
- Real estate market. First of all, of course, you should consider the obvious. Is the home a good deal? Is it fairly priced in comparison to others in the same neighborhood? What kinds of development projects are scheduled in the area? Is it likely that the value of the neighborhood will go up over the years ahead?
- Proximity to beaches. Florida juts out into the water, helping to form the Gulf of Mexico, which means that ample beaches line its shores. You should consider how close to beaches the home you are thinking of buying is located, for reasons relating to both investment and lifestyle. Can you walk to them? If so, how far is it? Do you need to drive to them? Are they public or private?
- Weather. Florida is subject to hurricanes and flooding. Make sure that if you buy a property that could be subjected to high winds that it is strong enough to stand up to them. Be mindful of your property’s elevation, as well as the contours of the land. If you are buying in a flood zone, it is best if the home is located on top of a slope so that water can drain away from the building. A house at the base of a slope where water can pool is more likely to end up with extensive water damage.
- Environmental considerations. There are over 80 types of ecologies in FL, some of which are home to rare or endangered flora and fauna. Be aware of any rules and regulations specific to how you use the land you may be purchasing. For example, are there any trees in your yard you would be forbidden from cutting down? That is the kind of thing you need to know before you move forward. If the land you are buying is vacant, there are specific environmental checks that need to be performed. But even if you are buying an existing home, it is still vital to be environmentally aware while making your home purchase.
Buy Florida Real Estate with a Competitive Loan
Florida’s unique geography and ecosystems means that you may need to take some extra care to buy a home in the right location. You should also take care to choose a mortgage product that will help you achieve your financial goals. PLC is based in Cooper City, and can help you buy a home anywhere in Florida. To get started, please give us a call at 954-840-8811 to schedule your consultation.
