Bumpyroad wrote:
C-Bears wrote:
The results of that search convinced us that purchasing a stick and brick in SW Florida was just slightly more than getting a double-wide or manufactured home.
I watched a couple of shows on TV on beachfront bargains, etc., and was surprised that lots of "stuff" was available in Florida for under $200,000.
bumpy
One of the reasons we started a serious search instead of waiting was the prices are starting to go up an average of 5 - 7% per year on homes in SW Florida.
In general what we found during our recent search: If you want a 3/2/2 (3 bedroom/2 bath/2 car garage) newer home between 1300 - 1600 square feet you would be in the $125,000 to $140,000 range.
If you want a 3/2/2 with a pool then you are in the $140,000 to $170,000 range.
For us it was just simple math. In the past two winter seasons we have spend over $14,000 dollars in traveling and RV rent expenses to be in Florida for the winter. If we can purchase a pool home and lock in annual expenses of around $10,000 a year, then it is only costing us another $3,000 a year to own a home down here.
The way prices are going up down here again, if we waited 3 or 4 years, that $140,000 home would cost us well over $160,000! If we get tired of coming to Florida every winter some day, then at least we will have a property to sell and something to show for it. I would hate to think that in 10 years I would have laid out $70,000 to $80,000 in RV rental fees for winters in SW Florida.