If your are purchasing a condo in the $150k to $200k range then figure for housing expense - condo fees, property taxes, electric, cable, water, insurance, etc - in the $6k to $9k per year, depending on which condo you purchase.
Cost of living would be much less expensive then Europe. The big difference is you will need a car, as public transportation is very limited. As far as food, clothing, etc. figure less than what you are currently paying.
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Three years from now is a long time in Real Estate as far as what will be available and for how much. However, as of now, you most certainly can obtain a lovely home or condominium. Depending on your needs, you can buy a condo for less than $200,000 in Naples and in gated or un-gated communities. I can not answer the questions on food, electricity, taxes, etc., because I have no knowledge of what those costs would be in 3 years. If I can be of further assistance, please let me know. Best wishes, Sandy
I'm confident I can help you find a nice home for $200,000. With prices increasing, you may want to consider purchasing sooner than later. I can begin sending some for your review as each community has differing fees. Feel free to send me an email and I'd love to add you to my long list of happy customers, including many international clients. I look forward to working together.
Go to http://www.naplesarea.com this is the official site of the Naples Area Board of Realtors. Once there, you can learn alot about life in Naples as well as lifestyle. More impprtantly you can search the NABOR members and pick yourself a Realtor to work with. Please remember that working with multiple Realtors will work against you so pick one and let him or her go to bat for you. We are professionals who take pride in what we do. We cant be everything to everyone but we can help.you
Rory, there are so many variables in that question, so are you asking for one person or family, a condo or single family home, gated community or no? What area? Yes Naples is more expensive than many other areas. Location, location, location- to the most beautiful beaches in the world and clean! Please contact me directly if I can help. Or search the website below.
There are various price ranges for the Naples area. My European clients prefer to be close to the beach and to downtown Naples. Currently, you could buy a 1/1 condo in this downtown area for the low $200000's. However, in three years, with the current trend in price increase, expect to increase that price to the high $200,000 - mid $300,000.
Monthly costs based on the current units priced at $200,000 will be: association fees currently $450 per month, taxes estimate at $200 per month, electric average $100 per month, food ?? depends on if you eat out at McDonald's or a fine dining restaurant or cook for yourself.
Try renting a condo in Naples for your holiday. Once you run your toes through the sand here -- you will want to call Naples home.