F
lorida's housing market is scorching hot, but not all suburbs are created equal. While some areas are sizzling with opportunity, others are downright chilly and should be approached with caution. According to real estate agents, the following three Florida suburbs are best avoided when it comes to buying property in the next five years.
Miami Gardens and Miami Lakes are two neighboring suburbs that might seem like a good deal due to their inland location, but they're actually high-risk areas for flooding. Heavy rainfall is common in Florida during the rainy season, and these low-lying areas can end up underwater, causing serious damage and skyrocketing insurance costs.
Another suburb to steer clear of is Ruskin, which is too remote and rural. While it may offer acres of land, its isolation means you'll miss out on the benefits of living in a major city, including access to amenities like grocery stores and hospitals. When it comes time to sell, the "middle of nowhere" lifestyle might not be as appealing to potential buyers.
Real estate agents warn that some suburbs are more prone to flooding than others, and it's essential to consider this factor when making a purchase. By choosing a suburb with a lower flood risk, you can enjoy better insurance rates and a higher resale value. The key is finding the right balance between space and convenience – not too remote, but not too close to the water either.
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February 23 Real Estate Market Update by Michael Houck
The Michael Houck Real Estate Team hosts four open houses this Sunday, helping you find your forever home.