In Florida, we specialize in non residents owning property! I think that real estate taxes are LOCALIZED, and depend on whether you are paying both City and County taxes. 2% of the sales price could be very high for some areas. For example, in Venice, Florida, on the Gulf of Mexico, 1 hour north of Naples, and 15 minutes south of Sarasota, a conservative estimate of taxes within City limits might only be 1.5%. Outside City limits would be even less.
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!