Why Investing In Florida is a Good Idea!

  • Is Buying in Florida a good investment?

Buying real estate in Florida is a great investment. Not only is it a place where everyone wants to vacation. Florida has beautiful weather, that low key lifestyle, lots of attractions for the whole family.

Another attraction is Florida has no income tax.

In Florida, we have had a lot of real estate development, and that’s great for investment buyers because the prices of homes are still reasonable.

We have a strong demand for rental properties, condos, single-family homes. We have vacationers looking for options to rent besides staying at hotels.

Finding homes for investors and second home buyers
  • What are some good places to buy investment properties in Florida?

Some great places to buy an investment property in Florida are Tampa, St. Pete Beach, Treasure Island, Madeira Beach, Kenneth City, Seminole, Largo, Clearwater, Palm Harbor, Safety Harbor, Belleair, Dunedin, and Orlando.

If you are looking to invest contact us for some great investment properties.

Your Home Buying Checklist

Are you a home buyer in Pinellas County, Florida
  1. Separating your wants -vs- your needs.

Here are a few tips for home buyers that are shopping for houses. How to narrow down your search.

  • What do you need in a Home?
  • What do you want in a Home?

Before you even start shopping think about what you actually need in the home for you and your family. There is a huge difference in what you want compared to what you need. If you work from home all the time you may need a home office. If you work from home once a week you can also say I need a home office. Is a home office really necessary if you only work once a week from home? The bigger the home, the more expensive, so it helps to break down needs versus wants.

Arona McGinley Realtor in Tampa florida

2. Be realistic about your finances

Look at your finances, determine what you can afford to spend monthly for your mortgage. Do you have money for a down payment? Do you have money for escrow? This will determine what price range of homes you can afford.

3. Talk to Lenders, get pre-approved.

This is a letter from a lender that you give to the sellers to show that you are serious about buying their home. It says that the lender is committed to lending you this much to purchase their home.

Once you determine that you are ready to be a homeowner talk with a Realtor about market conditions. This is one of the biggest investments don’t just wing it.


Home Purchasing Costs & Fees

Here are some of the costs that you will have when purchasing a home in Florida.

Are you Financially Prepared To Buy Your Home?

are you financially prepared to buy your home

You’ve made the decision to purchase your home but are you financially prepared to buy your home.

Here are a list of things that you need to know now.

  • Evaluate your current Income versus your Expenses
  • Do you know your Credit Score?
  • Figure out what you can afford for your monthly payments
  • Do you have Savings?
  • Do you know your Debt to Income Ratio?

Start Building Equity!

FIRSTTIME HOME BUYERS
Buy a home and increase your wealth.  Contact Arona McGinley-Realtor

Are you still renting? Why are you building your landlord’s equity and increasing their wealth?

With mortgage rates being low… this would be a great time to invest in a home. Most people think that they cannot qualify for a mortgage, but you will be surprised. Get with your local mortgage company today and see what options are available to you. Then call me to find you the perfect home that fits within your budget and your lifestyle.

Stop paying your landlord. Every month you pay your landlord, their bank account goes up because they are building equity in their home. Why are you still not a property owner? You could be building equity in your home and increasing your wealth. Don’t hesitate, take the plunge and call me to find your home today.

How can you benefit from owning your own home?

Benefits of owning your own home. call 727-422-9340

It’s pretty much an American dream to own your home. It gives you peace of mind to know that you have something that is truly yours and a place that you can raise your family.

Many of us are intimated by the idea of owning their own home. It means more responsibilities that come with owning your home as well as the daunting process of finding the home, getting a mortgage and closing on the home. Owning your own home is an investment on your future and can save you tons of money. Basically if you’re renting then you are paying someone else’s mortgage. You do not get a return on investment when you rent.

Benefits of owning your own home

  • EQUITY – you are building equity in you home every time you make a mortgage payment.
  • OWNING YOUR HOME IS AN INVESTMENT – when you purchase your home it increases in value unlike buying a car it decreases in value each year. As you pay off your mortgage the amount you owe goes down but the value of your home increases.
  • TAX BENEFITS – there are many tax incentives to homeowners, for example you can get a deduction on the interest you pay on your mortgage. There are many others that are available.
  • FREEDOM – you are no longer a renter but an owner. You no longer have to ask permission to replace or add anything to your home. You can do whatever renovations you want.
  • STABILITY – owning a home allows you to have stability for you and your family. You are now part of a community .
  • SECURITY -a home provides you with a nest egg. If you later want to downsize you can sell your home at a profit and move into a smaller home. You may also decide that you wanted to rent your home, this can give you a steady income for years to come.

There are so many other reasons to own your own home. Whatever your reason is, it is worth it to invest in your own home.

For more information on the real estate market in the Tampa Bay Florida area contact your local realtor Arona McGinley – 727-422-9340 or arona.mcginley@gmail.com.

Florida Botanical Gardens

Florida Botanical Gardens, Largo

The Florida Botanical Gardens is a hidden gem in Largo. This is a great place to see the native plants of Florida and enjoy the great design layout of the grounds. This is absolutely free and something that the whole family can enjoy.

At Christmas time the botanical gardens is lit up with decorations and offers great performances by local acts. We all look forward to that special treat around the Christmas Holidays and for us it has become a family tradition to visit the gardens during the Christmas season. This is a great place to visit. You can also check out Heritage Village which is right next door.

Admission is Free and Hours are 7am to 5pm, Pet -Friendly.

Check out Florida Botanical Gardens

Financing Your New Home

The whole home buying process is filled with head-scratching questions, but most particularly when it’s time to choose a home loan. To help clear up the confusion, here are some of the most common mortgage questions home buyers ask—and experts’ answers.

Why you should move to Florida

moving to tampabay florida

Well, Let’s see! Florida is always warm, it’s got the most amazing beaches and is filled with fun things to do every day. You wake up each morning in Florida and you feel energized and ready for a perfect day. Of course Florida has its pros and cons, but we’ve got the sunshine all year round and that’s a win, win in my book.

For me Florida is the perfect place to live. Keep in mind there is no state income tax! It’s pretty affordable to live in Florida and if you’re looking for different types of food and people, then you’re in luck, because Florida is very cosmopolitan. You can never be bored in Florida. It literally costs you nothing to jump in your car and drive to the beach to look at our amazing sunset.

So some of the bad stuff would include, it being very humid, Florida can get really hot in those summer months. We do have to deal with hurricanes and bugs. Some solutions …If you’re hot then hang out in a great restaurant with air condition that is over looking the beach. Wear a hat and sunscreen when you’re outdoors. Sweating is great for getting rid of toxins in your body. Use bug spray to keep away the bugs. Hurricanes can be destructive but every state has it’s good and bad. Florida has mostly the good stuff. Get hurricane rated windows and doors and pack up and leave if you know a hurricane is coming.

If you are thinking of moving to Florida, or you just want to be here for a couple of months out of the year, this is the best time to purchase a home in Florida. Spring is a great time to start looking for a home. Think of using a Realtor when purchasing a home. Realtors have access to there largest database of available home on the market. There is no cost to you to hire a Buyers Agent.

You may think renting can be an option for you if you plan on moving to Florida. Think again! It maybe cheaper for you to buy. Yes, that’s what I said! Instead of paying your landlords mortgage why not take the money you’re going to pay renting and pay your own mortgage. Your home can be an investment and you can get tax deductions for your mortgage interest, get equity in your home. You have the freedom to have your pets in your own home versus having to ask permission if renting. Your home can be sold if you want to move and you can make a profit from owning your own home. Start looking for home now in Pinellas County Florida.

Bottom line, I love that it’s beautiful all year round in Florida. The people are great, the schools are great and the lifestyle is what you can only dream of living, but if you move to Florida, then it can be your reality.