Florida is called the “Sunshine State” for a reason – it is warm, friendly, and welcoming- literally and figuratively. The state remains a popular location for those who are looking to relocate. Hence, it is no surprise that the housing market in Florida looks hopeful in post-pandemic 2023. Whether you are a retiree or a millennial, Florida welcomes you with open arms. Bay to Gulf Holdings, a Florida Real Estate company, talks about the perks of investing in Florida and moving there.
1. All year-round weather
Florida is the only state in the US mainland that enjoys an all-year-round tropical climate. The warm, sunny state usually sees temperatures ranging from 60°F to 90°F. One can easily forget the hassle of shoveling the snow off their driveway and weighty layers of winter clothing. The weather helps in growing local produce, too. Many homeowners enjoy the luxury of having fruit trees and vegetables in their backyards. Needless to say, Florida has the most beautiful beaches that are open mostly throughout the year.
2. No state income tax
“No state income tax” is an excellent perk for all, especially millennials starting out in their careers. It means more of the paycheck is take-home. The state is able to afford this waiving of income tax as it has a large revenue from tourism.
3. Housing is affordable
The housing market in Florida is still very affordable and is around the national average. Property rates are likely to see an appreciation in the coming years as Florida remains a coveted location for relocating. Yet, the current house prices are very affordable compared to pricey locations such as New York, New Jersey, and California. The cost of living in Florida is also under control and not very high than the national average. BTGH is the first stop for Florida real estate investment advice and opportunities.
4. Diversity is the key
The population in Florida is a mix of cultures compromising mainly whites, Hispanics, African-Americans, and Asians. People of all cultures and religions effortlessly intermingle in Florida, creating a truly global outlook. Diversity is a trait that Florida can truly boast of.
5. Strong job market and economy
Florida has very low unemployment rates and a strong job market, thanks to the thriving industries of tourism and hospitality, real estate, information technology, and homeland security, to name a few. With a great job market and a steady housing market, Florida’s economy looks great and is one of the largest in the US.
6. Outdoor and Indoor activities
Florida is home to the most attractive amusement parks, such as Walt Disney World, Universal Studios, and Dinosaur World. The state has the added advantage of having a large number of water resources and also water theme parks. Florida is famous for its water sports, such as scuba diving, paddle boarding, boating, and fishing. Also, the state has innumerable shows, concerts, and farmers’ markets. There are also a lot of day trips and attractions. Additionally, the state is home to many sporting teams and encourages sports like basketball, baseball, football, and hockey.
7. Great state for retirees and millennials alike
All the above reasons, including the warm weather, affordable housing, reasonable cost of living, lots of indoor and outdoor activities, and cultural diversity, make it appealing to millennials as well as retirees. Florida welcomes all alike! The biggest perk is there is no need to go anywhere else for a vacation when the state one lives in has the most attractions.
Why Bay to Gulf Holdings?
Bay to Gulf Holdings is a Florida real estate company that aims to help real estate investors find their needs – be it single-family homes, condos, multiplexes, or apartment buildings, Rehab and Flip option, or sell their house AS-IS for cash.