Published on June 20th, 2018 | by Balanced Family
The Positive Climb Of Home Ownership Rates In The State Of Florida
Buying your first home is an exciting experience, one that is likely to change your life for the better. There are many reasons that might spur you on to the process of buying your first home. From starting a family to getting married to simply having finally saved up enough money for a down payment, buying your first home is a huge success at any point in your life, no matter how old or how young you may be. But there is a lot to consider when buying your first home, from the size of the home to the cost of it to the neighborhood that it is positioned in. Contacting an experienced and successful real estate agent can be instrumental in getting you through this process with as little stress as is humanly possible, and a realtor can help you to find the home that is right for you, truly the home of your dreams.
First of all, you must decide where you want to live. Florida, for instance, has seen much growth in recent years, with as many as one thousand people moving there every single day of the year. It is a particularly popular state for elderly people, those who have retired and are often affectionately referred to as “snow birds.” Snow birds are those who buy properties in Florida and stay there during the winter months before returning to their original homes when summer comes back around. This allows these such snow birds to experience the best of both worlds all while avoiding the potentially harsh and sometimes brutal winters of their home state. Florida, indeed, provides the perfect respite in winter months, and because of this boasts the large population of senior citizens than any other state, with senior citizens and retirees making up nearly twenty percent of the total population of the entire state.
But Florida is not just a state for those who are over the age of sixty five. Florida is also a place for young people and families, as is evidenced by the relatively low cost of housing that can be found there. For you who are buying your first home, the less expensive the better. Though the median home value has increased by around seven percent in recent years, it is still relatively low at just over two hundred and fifteen thousand dollars, especially when compared to other, more expensive places you could choose to live in the country.
This is good news for young people and those of you in the process of buying your first home. The young typically will have less money to spend – as is only natural, as they have had less years in which to accrue it. And the young potential home buyer has become more popular than ever before, with at least fifty percent – a solid half – of all current potential home buyers either thirty six years of age or even younger than that. For these home buyers, Florida often presents a more than ideal place to buy a home and make a life and raise their children, as it is a state with beautiful weather, miles and miles upon miles of coastline – but still a relatively low cost of living.
Buying a home for the first time is exciting, but there is a lot that you need to consider when you are in the process of buying a house. Buying a home should be thoroughly researched, and a real estate agent can help you through this process, this more than exciting process of buying your first home.