All you need to know about buying a property in Dunedin

buying a property in Dunedin

Are you thinking about buying a property in Dunedin? With its charming downtown and proximity to the Gulf Coast near Tampa, Dunedin is one of Florida’s most popular tourist destinations. It’s completely reasonable if you are looking to buy a home there and move in. Dunedin, located in Pinellas County, is widely regarded as one of the state’s finest communities. The majority of Dunedin’s citizens own their homes. They also enjoy the city’s unique blend of urban and suburban life. Dunedin has numerous entertainment options, including parks, cafes, and bars. It is also a great place for investment.

Current market conditions

The real estate market has improved in recent years, but recent months have shown renewed volatility.  The key to financial security in the face of uncertain economic times lies in the purchase of a home at the optimal price. Even if you are planning on living there. You know you can always sell it for a good price.

As of August 2016, the average price of a home in Melbourne was $215,000. The recent months have seen a dramatic increase. In April of this year, the median price for a home was under $180,000. There is still a lot of room for appreciation in the real estate market. For you, that means it’s a great time to buy a home. If you want to make a purchase you’ll be pleased with years from now, it’s crucial to consider market trends of the past, present, and future.

A client getting the house keys after buying a property in Dunedin
Is now the best to buy a property? It might be!

You will need a realtor

Whether you are purchasing or selling a home, working with a good realtor is a crucial step. Buying a home in Florida is an exciting but complex endeavor that can feel overwhelming if you try to tackle it on your own. When buying or selling a home, it’s in your best interest to work with a licensed real estate agent who has a solid track record of protecting clients from scams.

Not only can a realtor assist you in finding your dream home, but they can also assist you in obtaining a low-interest rate on your mortgage and conducting any necessary home inspections. They are able to make purchasing a home simpler. That’s usually thanks to their extensive experience and extensive network. 

Homeowners Insurance

Do not be fooled by Florida’s idyllic coastline into thinking that the state is immune to severe weather. Hurricanes and flooding are both common in Florida; to protect your home, look for one that is constructed to withstand strong winds and secure adequate homeowner’s insurance. Your monthly mortgage payment should include an estimate for insurance premiums.

If you’re looking to save money on your homeowner’s insurance, look for a home constructed after 2002. These homes were built in accordance with current safety standards. Asking insurance companies about coverage for potential new homes is a good idea. If you are having trouble deciding between two properties, any insurance agent ought to be glad to provide you with just a brief cost comparison.

A home inspector

Once you’ve found the house of your dreams, a thorough independent inspection should be performed before you sign any paperwork. This safeguards you against buying a house with serious flaws and mistakes that would otherwise go unnoticed. If you skip this step and later discover problems with the home, you will have no recourse against the seller. A home inspector can easily spot any red flags we usually cant like covered-up mold or something similar. Hiring professionals can save you a lot of money even though initially it costs more to hire them but in the long run, it’s a much smarter thing to do.

home inspector smiling
You should invest in a home inspector.

Deed Protected Community

Many Florida suburbs fall under the jurisdiction of a homeowners’ association because they are part of “deed-restricted” communities. Dunedin suburbs do too. In exchange for the regular dues paid by all owners, the association is responsible for enforcing certain regulations and maintaining the common areas.

It’s great when this happens, but before buying a house in a deed-restricted neighborhood, make sure the rules won’t limit your freedom any more than necessary. HOAs can regulate things like the number of occupants, whether or not homes can be rented, the breeds of pets allowed, and the permitted uses of the property.

Unlike in other states, if you declare bankruptcy in Florida, you can keep your home from being foreclosed on. However, if you buy a house in a community governed by a homeowners’ association (HOA), the HOA may foreclose on your property.

Things you need to know after buying property in Dunedin

Buying a property in Dunedin is pretty exciting and living there is as well. There are things you need to know after the purchase itself is done. The next step is obviously relocation. Luckily for you, professionals can jump in and make sure that the job is done well and properly.

Two girls packing for relocation after buying a property in Dunedin
This is your last stop on this journey.

Hiring professional movers

Relocations are never easy. Unless you hire real pros who can make it look easy. But don’t be fooled for a second. They have years of experience. Movers like müv | Trusted Florida Movers will make the whole process much easier for you and you will need it because surely you are a bit exhausted after all that house hunting and the added stress that goes with it. That’s why we wanted you to know that this is something you can let others do for you. You did the hard part.

Before we go

Before we go, we just wanted you to know that if you have your heart set on buying a property in Dunedin you should wait until colder months to do so if you are looking to save some money. According to many experts, this is the best time to buy a home so, just think about it.