What hidden costs should I expect when buying a home in Central Florida?
Done with renting? Thinking of buying a home? Learn the often-overlooked and hidden costs of homeownership in Central Florida, from insurance and maintenance to taxes and HOA fees.
BUYING A HOMEGENERAL REAL ESTATE
Eric Stalnaker
10/4/20251 min read
The price tag on the listing isn’t the full story. Here’s what catches first-time and out-of-state buyers off guard every year.
1. Property insurance:
Florida insurance premiums have climbed sharply since 2022, averaging $1,500–$5,000 annually in 2025. Rates vary by roof age, location, and coverage type.
2. Property taxes:
Expect about 1.1–1.3% of assessed value. Clermont’s average $400K home will see roughly $4,500 a year before exemptions. File for homestead exemption your first January after closing—it can save hundreds.
3. HOA fees:
Range from $75 to $600/month depending on amenities. Some HOAs have a Master HOA fee and a Subdivision fee, so make sure your agent knows. Always read community budgets before closing.
4. Maintenance and utilities:
Budget at least 1% of the home’s value annually for upkeep. Central Florida’s humidity and storms make regular AC, roof, and gutter maintenance essential.
2026 tip:
Insurance reform may ease costs slightly, but don’t plan your budget around wishful thinking.
Bottom line:
If you buy smart and plan ahead, none of these costs are dealbreakers. They’re just the real numbers behind the dream.
Want a personalized cost breakdown for homes in your target area? I’ll create one based on price, HOA, and tax data before you make an offer.
