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Its a popular state with nice weather and plenty to do for all ages.
But some parts of Florida can be pricey, both in real estate costs andcost of living.
According toRedfin, the median sale price for a home in Florida is $410,500.
Of course, that assumes you were paying outright for the entire cost of the home.
Additionally, youll want to save up for upfront costs.
Say the average home in Florida will sell for $420,000 in five years.
If you plan to make a 10% down payment, youll need $42,000.
you might plan to need an extra $30,000 for other expenses and an emergency fund for moving in.
you could make it easier on yourself by automating your savings.
That means transferring the monthly amount you gotta a dedicated account, perhaps a high-yield savings account.
This can help you stay on track to buying that house in Florida in five years.
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