7 Home Buying Tips for Florida Seniors

Home buying can be an exciting time, but it can also be stressful. That’s why it’s essential to plan and get the right advice from experts. The tips below will help you navigate the process of buying a home as a senior in Florida.

Know how much home you can afford

The first step to buying a home is knowing how much you can afford. Before you contact professionals, you need to know your monthly income and expenses on the house you’re currently living in, including taxes and insurance. Ensure to include maintenance and unexpected costs that may come up during the home-buying process. And don’t forget about moving costs.

Once you know how much mortgage payments would be for home buying, add additional expenses such as property taxes, homeowners insurance premiums, maintenance fees, and other miscellaneous costs. These will vary depending on where you live and what type of property you’re looking for. Also, when moving to a bigger city, you should consider prices that vary across the state.

Think about what type of home you want to live in

When buying a home, it is essential to consider what type of home you want to live in and where it should be located. You want to ensure the neighborhood is safe and close to services and amenities. If you are looking to downsize, consider purchasing a condo or townhouse. If you are looking to upsize but have never purchased a single-family home before, we recommend speaking with an expert agent about what type of area would best suit your needs.

Decide whether you want to buy or rent

You may have heard that home buying is a wise financial decision, and renting doesn’t offer the same wealth-building potential. But before you make any big decisions, it’s essential to consider both sides of the coin. As with most things in life, each option has pros and cons. On the one hand, renting provides more flexibility than homeownership. If you need to live closer to family members who are ill or move into assisted living, renters don’t have to worry about selling their property before moving out.

Renting also saves money on repairs and maintenance costs since landlords handle these tasks for tenants instead of homeowners. On the other hand, the mortgage payments associated with owning a home may seem much less expensive compared with renting expenses over time.

Consider your physical needs and ability to maintain a home

If you cannot maintain a home, you should consider renting. If you have always owned your own home and are now looking to downsize to a smaller place, think about who will do the maintenance and upkeep of that new home. You may need to hire help with repairs and maintenance if physical limitations prevent it from being done by yourself or an older family member.

If you have always rented but now want to buy a home in Florida as part of retirement planning, a good rule of thumb is that at least 20% of your income should go toward housing costs. When moving, your belongings must stay safe, so let pros handle this quickly for you instead.

Buildings in Florida City

If you are a senior, consider buying a condo in Florida

Do you need a single-family condo or townhouse?

For many people, this question isn’t about whether they want to live in a condo or townhouse. It’s whether they can afford it. Condos tend to be more expensive than single-family homes for a variety of reasons:

  • Condos require more maintenance than single-family homes because they don’t have yards and therefore require landscaping services.
  • Condos have homeowner’s associations (HOAs) that usually charge fees higher than what you would pay in a single-family home neighborhood with no HOA fee requirement.
  • Condos generally have association fees, often higher than HOA fees, since the association has more responsibility over the property and its residents (e.g., security patrols).

Neighborhood by the water in Florida

Consider your options carefully when home buying in Florida as a senior

Make sure you have adequate insurance coverage

You will need home insurance to ensure you’re covered and have never purchased a home. It’s essential to understand what your policy covers so that when something goes wrong in your new house, you’re prepared. Be sure to read through your policy carefully and ask questions of your agent if anything seems unclear or confusing. You will also need liability insurance. This coverage is vital for protecting yourself from lawsuits if someone gets hurt on your property and sues you for damages. Contents insurance & personal liability protection protects any belongings inside the home against theft, fire damage, and other natural disasters. That is also important for you when making a long-distance move, as State to State Move experts recommend because all your belongings should be covered and safe in the hands of professional movers from Florida.

Find the right real estate agent

When you’re ready to find a real estate agent, there are some things you’ll want to keep in mind.

  • Make sure the agent is licensed in Florida. The license number should be on the agent’s business card or website and visible on all their marketing materials.
  • Look for an experienced professional who will know more about the local market than someone who’s just getting started.
  • Ask friends and family if they have any recommendations.

These tips will make home buying easier for Florida seniors

When you’re ready to move to Florida and buy a home, here are some tips that can make the process easier:

  • Look for a real estate agent who specializes in senior housing.
  • Be sure to bring your family with you when visiting open houses and seeing homes.
  • If possible, wait until after your initial visit before submitting an offer on any home. That will give you time to consider whether it’s right for you and provide the seller time to consider other offers.


When buying a home, take your time, research, and find the right agent to guide you through every step. Don’t forget about insurance. After all, this is your future home we’re talking about here – make sure it’s protected from harm with quality coverage.