For those who have made a home in Florida and are considering a move to a new Florida home, one of the most important things to be aware of is the newly enacted Property Tax Portability Amendment which impacts Homestead property. Without the portability provision, if you moved you lost all of the assessed value savings created by Save Our Homes and your new home was assessed at current market value. The Portability Amendment literally made that tax savings “portable” so you can now transfer up to $500,000 of your accrued Save Our Homes benefit to your new home.
When seeking warmer temperatures and water views, Melbourne, Florida is the place to go. Located by the Indian River and only a drive across the Melbourne Causeway to closer ocean views, Melbourne is a lovely sunshine state location close to Orlando Florida. Home to many gated communities with private lakes and golf courses, and has everything a new homeowner could ever desire. When seeking warmer temperatures and water views, Melbourne, Florida is the place to go.
Located close to the Indian River and only a drive across the Melbourne Causeway to closer ocean views. Home to many high end gated communities with private lakes and golf courses, Melbourne has everything a new homeowner could ever desire. The search for Melbourne, Florida real estate is only an agent call or mouse click away. Unlocking the many hidden hideaways of this invitingly sunny area will be an enjoyable quest as a house shopper seeks their ultimate final destination and place to call home.
Florida real estate features homes of every style, layout and location. The area is less than a two hour drive from Orlando and attractions like Disney World and Universal Studios. Melbourne’s location makes the attractions both close and just far enough away to offer a calmer relaxed atmosphere. There are numerous possibilities for water sports enjoyment as well. From private lakes, to the Indian River to the nearby Atlantic Ocean, there is something for everyone’s water sports preference. Fishing, boating, swimming and beach leisure are easily accomplished and are within a very short reach. Retail shopping centers are also available to offer something for everyone.
For someone who is not yet ready or able to commit to purchasing property in the area, Melbourne, Florida rental property is a great option. Rental property in Melbourne ranges from apartments to condos to fully fledged houses that can be rented year round or seasonally. Living in Florida all year is easily managed with the abundance of rental units and homes available and they come with many of the same amenities as owning a home does. The same water features and nearby attractions are all there for renters to take advantage of whenever they wish.
Living in the warmth and sun of Florida is possible for anyone. With all the living options available for both home ownership and property rental, there should not be a need to compromise on what a potential resident envisions their home to be. Lakes, rivers, golf courses, shopping, night time entertainment and so much more can be found in the area with minimal driving time required. Melbourne Fl Real Estate makes it easy being near almost everything and yet far enough away to retain calm and quiet is a very attractive feature of Melbourne, Florida.
Florida real estate properties are known to present people with excellent opportunities regardless of whether these options involve residential or commercial properties. With such an outstanding selection of real estate properties to choose from on the property market, people who remain unsure about whether or not making a purchase would be a good idea only really needs to consider these three reasons.
First of all, property buyers will always want to consider the location of their options. Florida real estate properties are found within one of the most preferred states within the United States today which offers warm weather and a myriad of attractions since the state is located right along the Atlantic Ocean where beautiful beaches are found.
If you have always wanted to live close to the beach, Florida properties are definitely your best bet, especially when it comes to those located within prime cities such as Miami Beach, Fort Lauderdale, Hollywood, Boynton Beach, and West Palm Beach.
As previously mentioned, the fact that the state in which Florida real estate properties are located is one of the most preferred locations within the country today, it is easily one of the most visited places within the United States, especially among people who are looking to spend their vacations within the best beach resorts possible. Even areas such as Fort Lauderdale where annual events take place have become such a prime choice for investors who want to make sure that they generate sizable profit within short periods of time.
However, even people who are not looking for a dose of summer fun tend to flock to the region due to the abundance of opportunities that are available within the region in terms of its major business district which thrives on its financial institutions and other large-scale companies which thrive within the Downtown Miami area.
Many will recall the devastating effects of the market crash in 2008 that left scars on the economy of Florida. But things are very different now as proven by the fact that the region’s housing market is, in fact, doing significantly better than all of the other areas within the United States with its increased pending sales and exceptionally high demand coming in from international property buyers and investors who continue to seek opportunities despite the dwindling inventory supply offered within the region.
If you are looking for real estate options that will make you feel glad that you finally made that purchase, you should definitely look into today’s selection of Florida real estate properties while the opportunity is still hot. Contact a professional agent that specializes in Florida real estate properties to find out more information on all of your available options.
While the residential real estate market overall has seen less-than-stellar performance this year, there is one bright exception – South Florida real estate. While home values have certainly taken a hit in recent years, there is recent data is showing price appreciation well above the national average and housing starts at double the nation as a whole, with an increase of 53% year-over-year, versus 27% for the nation (U.S. Census Data). With record low interest rates putting real estate within reach of more and more buyers, all of the ingredients are there for a strong long-term outlook. Considering Florida’s staggering population growth of over 235,000 in 2012 (third in the nation) that strong outlook is all but guaranteed.
The tremendous growth in Florida’s population due to relocation from other states will certainly be a factor in sustaining the strong recovery of Florida real estate, but looking deeper into the data, there are other factors that may very well impact the recovery more, such as international migration. While Florida’s international migration rate stands at number three nationally, the makeup of those migrants gives Florida an advantage in the real estate market as well as in the economy as a whole. Florida’s immigrants, mostly from Latin America and Asia, have the highest birth rates in the world. This gives Florida a tremendous population growth rate for generations to come, making South Florida real estate a sure bet in a shaky economy.
South Florida remains a standout in employment. With a predicted job growth of almost 2%, this puts Florida at number three nationally. In South Florida, the news is even better. Cape Coral job postings have increased by 25% in the last year, compared to a national decline of over 32%. These employment figures indicate that not only will there be a demand for South Florida real estate, but that a growing segment of the population will be able to afford it.
Though the market value of single-family homes saw declines in South Florida since 2009, this has served two purposes that will benefit the market in the next few years. The decline in prices, along with record-low interest rates, has made the single-family home affordable to a larger share of the market. Recent price appreciation means investors and builders are starting to get back into the market, with housing starts in Florida up 53% over last year, versus 27% nationwide. This, along with the over 200,000 new residents immigrating in the last year, means a healthy market for years to come.