How Much Home Can You Buy In Cape Coral Florida
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- เผยแพร่เมื่อ 26 ก.ย. 2024
- How Much Home Can You Buy In Cape Coral Florida
We will visit a handful of homes for sale in Cape Coral Florida so that you will know exactly how much a home will cost you when you get ready to buy your Florida home. We will be looking at Cape Coral waterfront homes as well as Florida pool homes. You will even see homes for sale at the bottom of the market. All but 1 of the homes will also be brand new and never lived in. That is a bonus!
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You can definitely see the differences in each house as far as what you get for the money. Thanks for sharing your video.
I owned two homes in the Southwest, one off of Chiquita and the other was off of Skyline toward the Rose Garden…still a lovely area that has grown substantially! I visit about twice a year ….Best of luck!
Great video I will share with my daughter who is looking… gave me some great ideas ! Would love to see some older home’s updated!
Lovely video showing the price range of houses. Thank you
This was great. Thanks! You’d know better, but possibly a similar video on condos, and are there any new condos being built in CC/Fort Myers area?
Unfortunately, all new condos and apartments are being used as rentals. There may be a couple townhouses in the NE, but not anywhere else.
Beautiful last two homes I really like the outdoors kitchen and pool with cover lovely
Awesome video! Appreciate the comparison perspective!
Very nice homes, thanks for posting.
It’s all a matter of taste. That last house is hideous and next to a noisy intersection.
Hello Craig. Is the third house, from minute 9:18, including land, or are these purely construction costs? Either way, you get x times the value for not even $300K more than #2...
Pricing includes land
😂 These prices are laughable, (especially the first house).. FL insurance, taxes and interest rates going through the roof, now is not the time to buy, letum sit!!! Inventory is on the rise and deals will be coming!!
Rate drops Defy your logic. If you already have a home... stay on the sidelines. There are people moving here that choose not to pay more for rent than a mortgage. Please share your field of expertise in your assessment.
@@livinginfortmyersflorida The current 30yr mortgage rate is 7.48% with a excellent score. Inflation is ticking upward so no rate cuts anytime soon (doubtful any in the next 6 months) and rent is actually falling throughout FL and the country. I own several properties and I watch the market closely, inventory is increasing and the Foreclosures haven’t been this high since the crash. *Most smart shoppers are sitting on the sidelines. My expertise, I own several properties in FL and MD. Fact is FL is no longer the affordable retirement location.
he saw a zillow article haha@@livinginfortmyersflorida
Not true, rates coming down, prices going up
@@SMcda The Fed just announced 3 days ago the rates are not coming down.. Credit card debt at an all time high, car repossessions are up and climbing and Foreclosures are up and climbing. Do your research, the data is real.
last house of course was nice but out your front door was a freeway. Horrible lot for a house like that understanding there is gulf access.
Yes, there are definitely pros and cons.
Gulf access trumps all!
There’s sure a lot of black & white design going on in the Florida homes. For some reason it surprises me. I see it more in the north & mid west. It’s not horrible but I was just surprised by the choice. I’m not even sure if I spend $392,000 for the first house & I'm poor. LOL!!!! Keep up the good work. The Florida life agrees with you. You’re looking sharp.
Yes, I agree. Black, and gray don't really appeal to me. White is ok to a degree.
I agree the newer homes are doing a lot of black and white…they are ugly ! And I saw one with a brown garage door and one with a brown double front door! ….so bad! ..I think they must be getting a deal on the paint and buying in large quantities….only thing that makes sense because they don’t look like Florida homes…..I also hope he tours some older homes…homes built in 2006 still meet hurricane requirements for insurance but have have a lot more character to them and you don’t have to spend a million dollars. You can even get some with big front porches and big enclosed lanai’s with split floor designs ….but. Love these houses ..great video!
Wow pretty basic for $320k and it will have an assessment for water and sewer in the future?
Good tour. What level of quality HVAC are they installing? Can I make snow, or will I be sweating? Thanks!
I believe 14 seer. I would have to confirm. They do it based on sqft and it needs to be able to handle the space on a minimum scale. There are inspections to verify these calculations.
It would be nice to know the property taxes on each one of these houses.
Agreed! And HOAs. But V good video.
The last one with that traffic will make you crazy. Couldn’t give me that one.
Nice houses but I think I’ll stay in Port Charlotte. Thanks for showing all those Houses.
Carpet is considered a low budget product?
You can carpet the whole house in one day, versus laying all that tile. Gotta have tile in FL!
Ahh good old times. I guess prices already down like 25-30 %?
Thanks for confirming my decision not to move to Florida.
Thank you for not coming!!!
@@livinginfortmyersflorida You seem like a nice guy, why are you answering people like that? It's unprofessional and unbecoming. You have to put up with criticism in any sales position. When I first started watching your videos you seemed so cordial and laid back.
@@danacaro-herman3530 my apologies if you are offended. I am just confirming that if someone is so outspoken about not being here, we don't want that kind of attitude here, so thank you.
@@livinginfortmyersflorida My husband and I have a place in Palm Beach County, if you'd like to encounter rude, come visit here, the entitlement is through the roof. I understand where you're coming from I was just a little surprised. Don't let them get to you.
@@danacaro-herman3530 thank you for calling it to my attention. Thank you.
If that is the standard for a new home in cape wherever you are, no thanks. Even the generic new homes for sale in California have either tile, granite or quartz countertops. And 90% of them or more have real tile shower installs.
And before someone says California is way too expensive. There are 100’s of areas that are not inside the huge city limits that are very affordable.
I think we will all tell you, please stay in California!
Stay there !!!
I agree
@@livingmybestlife365
Enjoy Cali best to stay there
It's good for first buyers
Back in 2000 that house would be $107k.
Lol. Everything was a fraction of today's prices, so..........
compare to just 4 years ago its nuts how lil you get now for your money in CC. @ +450k what 4 head ( both parents working ) middle class fam can afford that ? ... they could but would be house poor ....
Are there any low income housing for the elderly there? Who do I contact.
Enbrook in Naples gives a washer and dryer for under $500,000 in new construction ….. 2023 build.
They can only come from California if they leave the politics in California!😊…… Florida is a free state for a reason !
How much is HOA on last house
Zero.... if it isn't in a community, there is no HOA fee
Oh my goodness that last one looks like Hollywood tower of terror
That 670k house looked like a good deal.
I just bought the $670K house, sold, I'll be moving in 2 weeks, I paid cash money.
Plenty of nice houses in Cape Coral. Why buy one without a screened pool?
$$$$ - 30k for screened enclosure now.
How much was the house that is under contract? Thank you!
1.1M.... brand new, gulf access pool home. Top property type offered in the area. It also had a lot of extras. Beautiful home!
@@livinginfortmyersflorida Thank you Craig. I have contacted you before and you gave me your personal number. I am trying to talk my wife into moving to Cape Coral. We live in On Top Of The World in Ocala and she loves it here but me, not so much. When I'm ready, I will call you again If not for my personal home, maybe an investment property.
Back in the day, you would get a ticket for leaving a pickup truck parked in your driveway.
Is that a DR Horton home?
That is not DRHorton..... main living area is for with Horton in most cases.
That first house Presentation was... a little "Snobby" IMHO. Nice retirement/starter home . You must be living higher than the masses... lol Great information at the end of each home presentation would have been you Estimation of Property Taxes on each unit. That would be of interest to your viewers.
It's rare in most new construction and markets to see the use of those lower end materials even in a starter home these days. There's better looking options like thinner quartz counters that barely cost more than what was shown, cheaper subway tile + fiberglass pan that can be done in shower instead, better lighting, and other items if the builder isn't focused on bottom dollar materials straight out of home depot. I'd say it's more disappointment than 'snobby' when you're a realtor or someone experienced in the market and something just fall short. Taxes on a $330k'ish home in the area could hit you for anywhere from $3300-4300/yr, insurance not far behind at $2600'ish, and possibly flood insurance in addition to that.
@@SShepherd Thanks... Good information. Puts in perspective how my Cape Condo (Zillow @ $390K) taxes at $4K/yr and HOA $6K/yr and Insurance @ $2K/yr... Is a RIPOFF. Cape Property Taxes and HOA SOARED in 2023. It is time to Rent my place or sell.
@@colemant6845 Ouch. From a nationwide perspective, with the return on 9mo TBill or cash in savings getting 5-6% it's hard to not just sell investment properties before the market goes down any further.
I'd recommend checking AirDNA to see about what your location returns for AirBnB/VRBO rental (if allowed) as that'll generally get you double what a long term rental would but there's always the risk of those getting banned or limited as has been happening in major metro's. The increases in HOA's, Insurance, and inflation on repair/upkeep cost in maintaining an investment property makes it really hard to justify not selling in most markets where you're only making 3% for the trouble/risk.
Carpet No Way not in Florida 😮.
You work hard and respect your occupation. However what the money buys is not impressive and not attractive at all
Carpet in Florida? Wtf
Absolutely! Many homes have it, but mostly in bedrooms. Those cheaper builders use it in living areas as well.
That last house is stunning .But why build it on such a terrible location
It was a model home for years.... great location for that!
We were in this house over 10 years ago...If I remember correctly, the agent wanted about 750k for it back then...Since the location is not suitable for living, it will probably never be sold...The The view is wonderful, but unfortunately the noise from the street is not...
4 times the price they were ten years ago.Most ranged from one hundred to one seventy five back then.
Well, that was what was called the great depression. There is no comparison!
Actually no as it was like ten maybe twelve years ago. I have a past history with that area.i worked there in the eighties when Naples was wet lands and cape coral was not too many people.The Cape is nice but the insurance is too high .
@Drainman once again, you are incorrect. My insurance is 1800 per year and many of my clients are experiencing similar rates. Please do not inject ridiculous, General statements into a public forum without full working knowledge. You may lead someone down an inaccurate path.
So I guess I have family that is lying to me where their twelve hundred dollar a month mortgage payment went from twelve hundred a month to eighteen hundred a month because the homeowners insurance went up six hundred a month..If Possible can you please tell me where person in Florida can obtain Home Owners insurance at 1800 per year and please try to be nice in dealing with a comment as it is not polite in the way you just spoke of myself.
@Drainman again, you made a GENERAL statement that insurance is too high in cape coral. That is not a fact. It is your opinion generated from family experience. There are 200k people here. I never stated that everyone had 1800 insurance but I will never give a general statement that everyone can get that. Each home is different and needs to be treated as such.
Second house master is tiny ……
Jaja 😅😅 next year 50% on all those house next year. 2008 - 2014 AGAIN 😮😮😮
Bbbzzzzzz..... incorrect. Guess again.
Really hey guess what you should be more informed and know what’s going on the economy instead of trying to trick people into buying. Why you think those developers are giving all those incentives that’s one and year to date home purchases are way down and there 2.5 homes in foreclosure right now.
@@fernandobaez9914 stop with the fear crap. There are plenty of other channels spewing it. My clients are relocation buyers. They need a house. It isn't just a luxury purchase for them.
@@fernandobaez9914 National data is meaningless, real-estate is local. If you look at the foreclosure data you will see the cities with increasing rates are NOT in FL. Cape Coral, Punta Gorda and Ft Myers have top 10 population influx rates. Check Redfin data - Cape Coral home sales are up 10.7% year over year with a 2.3% dip in price, again YoY.
In 2008 the market crash in Cape Coral was caused by 2 main things, the sub prime mortgage implosion that impacted the whole country, and a local market that was driven by speculation. I know, I was a speculator. At that point the boomers hadn't started retiring in large numbers yet and the market was run up in anticipation of that demand, not based on actual housing demand at the time. Now people are actually moving to Cape Coral in large numbers creating real demand for housing.
Cape Coral is currently seeing a very modest correction to prices that became quite inflated by mid 2022, but there is no 'crash' coming, no matter what BS you hear on the internet.
@@livinginfortmyersflorida We bought a house with golf access in the south west as a holiday home 14 years ago. Back then for $350,000. Today I'm getting offers for almost $800,000...But since we don't want to sell, but bought this house for our retirement, we would be happy if the prices collapsed again...The property tax is now at almost $10,000, starting at around $4500. When it comes to increased prices, it's not just Florida. Our house in Switzerland has increased in price almost threefold after 18 years. Young families in our country can no longer afford a house unless they have inherited a fortune.
Cape Coral is far from all the work. It’s also very dumpy in a lot of areas.
Let me guess.... you either visited here once, listen too many of your friend's opinions or you live in Naples.... lol. If you don't like the Cape.... stay away!!! We love it here!!!
Dude all new houses have impact windows because it's code it's nothing special anymore.
LOL.....and you prove once again why every one needs a competent real estate agent...NO, IT IS NOT CODE! I know for a fact as I am in the field everyday. It is still a choice that builders make. The only code is that there needs to be some sort of storm protection, not what kind. Thank you for commenting!
Fireplace? Useless item for sure.
Lol. Winter time can make you think otherwise. We actually use space heaters and firepits here regularly.
$320,000 for junk. 😂
Please troll elsewhere....
@@livinginfortmyersflorida, it’s complete junk for that price douchebag.
The world has lost it’s mind. The crash is coming.
Lol..... tell me where your expert opinion comes from.... are you a market guru... because the good guys say it isn't happen.
@@livinginfortmyersflorida , I lived the 2008 crash and actually survived it with eleven mortgage payments on eleven buildings. Every banker got paid every nickel. Real estate values don’t double in three or four years without a crash. All of the Covid stimulis cash created much of this. Four years from now, southwest Florida prices will be half of what they are today.
haaaaaa......46K worth of materials and 45K of labor ... screw the builders and build a house yourself.
See how that works out for ya in SW FL! 🤣🤣🤣
Hi Craig, I like your channel! Can you send me information on houses from the 400k to the 600k? With pool and boat access to the golf!! Thanks!!!
@LuisRojas-w6t Hey Luis, thank you for watching and reaching out. Please text or email how to contact you with that info. 239-292-0440 or Craig@ournextfloridahome.com
Love the video it gives us northern people opportunity to see what the housing in Cape coral is running in price.
That first house is a scam. All builders grade and cheap, awful carpet, horrible NW location.
Yeah, you guys have made a mess of that state when I moved there. It was very much a retiree state retirees. Can’t afford to deliver anymore because you guys ruined it. Have nice day wait till hurricane comes your way We’ll see how much it’s worth them.
@RedMartin66 sorry your experience wasn't better, but I will say if you love paradise.... no better place in the states to live!!!