The #1 Reason People Hate Living in Florida

The #1 Reason People Hate Living in Florida

Should you move to Florida? It’s a big decision, and while many find Florida’s sunshine and sandy beaches irresistible, others discover the Sunshine State isn’t their paradise. Lisa McBride from Sarasota Neighborhood Experts dives into the top reason people regret moving to Florida, offering valuable insights to help you make an informed decision.

Florida: A Dream Turned Expensive Reality

Decades ago, Florida was the go-to haven for retirees and snowbirds seeking an affordable escape from the cold. Homes and condos along the coastline were reasonably priced, making Florida a dream destination. Fast forward to today, and those days are gone. Housing prices have skyrocketed, with the average home now costing around $470,000—and even that won’t get you much in prime coastal areas.

Many buyers gravitate toward new builds with modern amenities, like luxury vinyl flooring and extended patios. This trend has made it tough for owners of older homes to compete, as even a 10-year-old home can feel outdated next to the latest construction.

The Hidden Costs of Living in Florida

Owning a home in Florida isn’t just about the purchase price—it’s the ongoing costs that catch many by surprise:

1. Insurance Costs:
   Homeowner’s insurance and optional flood insurance add significant expenses. Even if you’re not in a flood zone, many Floridians choose to carry flood insurance for peace of mind.

2. Property Taxes:
   Property taxes are typically 1–1.5% of your home’s assessed value. For a $600,000 home, that means $6,000–$9,000 annually.

3. HOA Fees:
   About 70% of Florida communities have HOA fees. In neighborhoods with minimal amenities, fees may start at $25–$50 per month. However, in more upscale communities or condos, fees can range from $200 to over $2,000 monthly.

4. Maintenance Costs:

   • Air conditioning systems need replacing every 10 years, costing $7,000–$10,000.
   • Hot water heaters typically last about 10 years, adding another couple of thousand dollars to your budget.
   • Florida’s weather also accelerates roof wear and tear, leading to frequent replacements.

5. Stewardship or CDD Fees:
   New developments often include a Community Development District (CDD) fee to cover infrastructure costs like roads and amenities. These fees can range from $1,200 to $2,800 annually in popular areas like Lakewood Ranch and Wellen Park.

The Reality of Monthly Expenses

Even if you purchase a home outright, ongoing fees can add up quickly. Between taxes, insurance, HOA fees, and maintenance costs, many homeowners find themselves paying $2,000–$3,000 per month just to maintain their property.

Is Florida Still Worth It?

For many, the answer is still a resounding yes. Florida’s warm climate, vibrant communities, and beautiful coastline are unmatched. But the key to loving Florida is understanding what you’re signing up for—both the good and the costly.

If you’re considering a move to Florida, it’s essential to weigh these factors carefully. Lisa McBride and the team at Sarasota Neighborhood Experts are here to help you navigate the Florida real estate market and find a home that fits your lifestyle and budget.

Got questions about moving to Florida? Reach out today for expert advice, and don’t forget to check out Lisa’s other videos for more insights into Florida living.

Until next time, take care and stay informed!