To any Canadians who happen upon this question, I have written a guide to the buying process for Canadians. If you would like a copy just click on my picture and contact me. No obligation.
One quick comment. You don't have bugs in Canada?
It is a little less than 2% on the county's appraised value. You can also take advantage of homestead exemption. For more info http://dor.myflorida.com/dor/property/taxpayers/exemptions.html
general rule on property taxes in south florida is around 2% of purchase price or assed value. for second homes and or vacation/income properties the new state tax rule of caping increases at 10% anually are in place approved by the voters in January.
general expenses on single family homes would need to add hazard/flood insurance and if a homeowners association is mandated then also the HOA dues.
on condo's you may not be required to have hazard insurance if the building has a master policy and is included in your monthly condo dues. you would need content insurance if you so desire.
you can view my web site for a host of further information
Recently I have seen an increase in Canadians considering buying here. I work the Disney areas of...Kissimmee, Davenport, Clermont, S. Orlando (the four corners). Many communities here were developed with the idea of Short Term Rental in mind. Investors own SFH and Townhouses and rent them for a week or a month at a time. Besides the regular charges explained by other agents below, those doing a Short Term Rental must register with the county/city and pay a tax similar to the hotel tax.
Priced have droped drastically, you can find a 4/3 with pool in gated community less than 10 minutes from Disney for under $250 easily. Or 4/3 with pool/gated/golf for $220 about 25 minutes from Disney, and yes it can also be short term rented. If interested, I can sent you listings to preview.
The general rule of thumb is 2% of the purchase price and or assessed value. Whichever is the lower of the two.
D & I International Realty
And, yes, we have a 10% cap on that, Statewide, for nonhomesteaded (non resident) owners.
If you own a condo, pest control. lawn service,pool service, insurance for the exterior of the building, will be included in your association fees, and taken care of for you.
In a single family home, you will need to hire these services individually and pay for our own total insurance package.
Homeowner's insurance will depend on condo vs. single family home, and whether your home is on the waterfront, in a flood zone, or inland.
Here are some examples for a single family home in Venice:
Built in 2000, Purchased in 2007 for $250,000, 1700 square feet UA, 3 beds, 2 baths, 2 car garage, no pool, not in a flood zone, not in City limits:
- Lawn service $80 per month
- Pest Control $75 twice a year
- Homeowners Insurance $1600 a year
- Real Estate Taxes $2900 for 2007 (paid in arrears)
So, pick your location and contact a local Realtor for exact details for that County and City.
Good luck and best wishes!