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Own Property in Florida – Guidelines for Canadians

Acquiring your piece of heaven in Florida is not as easy as it sounds but it is certainly doable. One of the most important things you need to invest in, apart from the property itself, is hiring professionals to help you get a good deal.

Apart from a relator, a tax lawyer and accountant can also be necessary. It’s hard enough for US citizens to purchase their land, what more a foreigner? Luckily, more and more Canadians are now acquiring property in Florida, so you are certainly not alone. You can ask fellow Canadians for advice. A company like Florida Home Finders of Canada is a good place to start.

A lot of people are vying for beach-front Florida villas. These types of properties and gorgeous, but they are also expensive and harder to maintain. Decide if this is truly the investment you want to make.

You should also take into consideration the location of the property. Sometimes it is better to choose an inland property that is close to important places like groceries and restaurants, as beach properties might be far from everything else.

Do you want to purchase a condominium? Before you do, check the building’s rules and regulations first. Some are just too strict. Also, keep in mind that you will not be paying for the condo alone. Aside from utility bills, you might also have to pay association dues and even parking.

Once you have found your dream property, invest in inspections. You might think you have scored with a cheap house only to find that its plumbing is damaged, or the area is prone to floods. You should also check electrical issues, roofs, HVAC problems, and pretty much every nook and cranny. After all, you don’t want to go through all the trouble of paying taxes and finding US mortgages only to be saddled with a money pit.

Save yourself from the stress by hiring realtors that have years of experience in the industry. It also helps if you can hire a financial advisor that can make the most out of your Canadian dollars.