We’ve all got our different ideas of a dream home in a dream location. Yours may include balmy beaches, urban cities, and good traffic networks. If you’re looking for an area that fits such a description, it won’t take long before you discover Naples, Florida. It’s one of the more favorable state areas for homebuyers, thanks to its economical features. Naples, FL, has the sixth-highest income per capita in the United States and the second-highest number of millionaire residents.
What’s more, you can find numerous lush golf courses and beaches in Naples – the sunsets are beautiful as well.
While these features are enough to sway you into calling your realtor right away, it would help if you knew more about the area. Most buyers tend to forget that it’s one thing to buy a home in a seemingly beautiful area, another thing to live there.
What does it feel like living in Naples, Florida, in 2021? Below, we show you what we think about the location and break down the pros, cons, and everything you need to know before pulling the trigger on buying a property in Naples, Florida
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The Unique Features
Naples, FL, is objectively one of the best locations in the states, and that’s because of its convenient properties that make homeowners’ lives much better.
Also, Naples has a reliable positive prospect, which is something you’d appreciate if you’ve got long-term plans for your home. Below are some of the benefits to living in Naples, Florida, in 2021, that you won’t find anywhere else:
Competitive Job Market
Naples has a fast-growing job market, and it increased by 0.9% from the previous year. Analysts project that it would grow by about 39.3% over the next decade. The numbers translate to about 6000 jobs available to the residents and a comfortably low 3.5% unemployment rate.
Lots of Beaches
Saying that Naples, FL has numerous beaches would be underselling the reality a bit. The area is home to some of the most relaxing beaches in the US. Some notable examples include Barefoot Beach Reserve, Lowdermilk Beach, and Delnor Wiggins State Park.
Naples tourist information stats show that visitors come to the beaches in their droves. You’d also appreciate that the beaches are family-friendly. You get to enjoy pure white sands, bright, colorful seashells, and a picture-perfect ocean view.
Extensive Dining Options
Another attraction prospective residents would love in Naples is the dining options they have. You’d find various interesting restaurants, casual cafes, and bistros in the area, some of which are the best in the states.
The rapid development rate in the area influenced the high culinary standard it now holds. The population was evolving, so the dining culture improved to cater to various tastes and flavors.
You’d find establishments such as The Turtle Club, Sails Restaurant, and Cafe Milano at the forefront of Naples, FL culinary options. They offer local seafood and represent flavors from elsewhere around the world.
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Living in Naples, Florida: Pros and Cons to Note
It’s only fitting that you have balanced and well-informed insights about Naples, FL, before making a move to live there. This is so that you don’t get a rude shock down the line or a financial loophole for which you didn’t plan.
Understanding the merits and drawbacks of living in the area should better influence your decision with your real estate agent and allow you to plan with minimal rude surprises. Below are some of the essential pros and cons to living in Naples, Florida, in 2021:
- Very Low Crime Rate: A crucial aspect of property ownership is security. Your home would be able to retain most of its value several years later if the neighborhood is peaceful. This is not to mention that your safety remains uncompromised mainly.
Neighborhoods in Naples, FL, have strict building codes to keep burglary attempts at their minimum. Traffic is also light, so you don’t have to worry about unwanted salespersons or solicitors as well.
- No Income Tax: Living in Naples means you don’t have to pay income tax. This is a big deal if you’re moving in from income tax-complaint states like New York and California. You could go even further by applying for the Homestead Program, which could give back to you almost $25000 from your property value.
- Celebrity Sightings: It would be a nice feeling to see your favorite celebrity walking down the street, wouldn’t it? Your chances are much higher in Naples, FL. Thanks to the features and benefits mentioned above, neighborhoods in Naples attract famous people in the sports and business world.
Even when they don’t own a property in the area, it’s common to see famous golfers and authors across the street – An “exclusive” Naples residents get to enjoy.
- High HOA Costs: There is an attendant high cost for property ownership in Naples, FL, which comes in a Homeowner’s Association (HOA) fee. The tricky bit to the situation is that HOA fees vary across neighborhoods. Each HOA would also review the costs quarterly, depending on emerging needs.
Some neighborhoods in Naples charge HOA fees as low as $30 a year, while most others charge as high as $4000 annually. Protection and maintenance are often commensurate with what you pay.
Ultimately, you’d want to consult a reliable real estate agent for a more comprehensive Naples relocation guide. This is so that you don’t unexpectedly get hit by a hefty HOA annual bill.
- High Tourist Influxes: Naples, FL is a paradise of sorts, with its beaches and modern facilities. Naturally, you can expect that it’s as much an attraction for tourists as it is for homebuyers. A typical Naples Visitor Guide would have to handle hundreds – if not thousands – of tourists every day.
This means that you have to deal with the neighborhood teeming with tourists all year long. One implication is that traffic becomes an issue since tourist commuters often fill up the main city road networks.
Also, you’d have to deal with the tourists filling up the sidewalks and other pedestrian areas. This gives the feeling that the place is crowded, even when the residents aren’t very many.
Living in Naples, FL, in 2021 might be one of the best decisions you’d make, especially when you’re fully informed on the choice before making the jump. Buyers need to understand the pitfalls and opportunities in a location before choosing to live there.
The tips as explained above gives you an idea of Naples, FL’s best features, pros and cons, and how they ultimately stack up against your home moving decision.
You have to consider the options at the purchasing stage. Analysts say Naples, FL has some of the best median household income in the country, but it also means property values in the area are pretty high as well.
For such high prices you’d pay, it’s essential to know what benefits, concessions, and recurring costs accrue to you as a result. It is also for you to avoid hidden expenses that might shock you after the purchase.
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