Is Fort Lauderdale Florida A Good Place To Live?
Have you ever dreamed of living on the Atlantic coast, where the cool breeze softly touches your skin, and the sun is always shining? If that sounds like the ideal place to live for you, consider relocating to Fort Lauderdale, Florida. The city is located in the Miami metropolitan area, one of Florida’s favorite coastal destinations. But you are probably wondering if Fort Lauderdale, FL is a good place to live? Let’s find out!
You probably heard stories about the gorgeous beachfront, excellent dining options, and the shopping scene of Fort Lauderdale, FL. But is that information enough to impact one’s decision to move here? Probably not. As a prospective homebuyer, you are probably wondering how affordable are the top amenities of Fort Lauderdale? Are there good schools and job opportunities in the area, or is Ft. Lauderdale safe to live in? All these factors together impact the lifestyle quality in a city.
Fort Lauderdale, FL is known for its 23 miles of world-class beaches along with plenty of upscale shopping and dining options. The city is home to the 3rd largest cruise port in the world, 63 golf courses, 16 museums, 132 nightclubs, and 278 campsites. Besides, the town is known for its extensive network of canals, therefore receiving the nickname “Venice of America.”
The top-notch amenities come at a high price as far as the costs of living go. The overall expenses are about 20% higher than the national average. The cost of living in Fort Lauderdale, FL is a bit lower than Miami, FL, making the living expenses pretty high, especially since housing costs are about 35% above the national average. Many argue that the perks of living in this marvelous city outweigh the cons.
The median home value is around $350,000, and the average rent is close to $2,000/month. If you want to find a home in one of Fort Lauderdale’s most desirable neighborhoods, get in touch with one of our best realtors in Fort Lauderdale FL, who can help you buy the house of your dreams.
Popular Real Estate Glossary Terms
Factor employed by real estate agents or appraisers to determine the change needed in operating income to obtain a desired rate of return. It is used to evaluate income-producing property. ...
Abusive tax shelters are a consequence that resulted from Congress allowing losses of revenue to be used for tax benefits. They are a side-effect of tax deductions that companies are ...
Property that is similar in characteristic and when exchanged is a nontaxable transaction. Any property that is not like-king, such as cash (boot), is taxed. As a result, a gain is not ...
Conversion of a rental apartment house to individual condominium ownership of a portion of the minimum ownership of a portion of the building. Often, the tenant is given an opportunity to ...
Unfulfilled action where something remains to be done in order to complete it. ...
Possession and use of a property estate by virtue of a lease. There are four types of leasehold estates: estate for years, periodic tenancy, tenancy at will, and tenant at sufferance. ...
Decline in value of real estate property because it is near something which is damaging to its worth. For example, a house located next to a pollution treatment center, drug center, or ...
(1) Land adjacent to a lake, river, or stream that can also be part of a flood area. (2) Land at the bottom of a valley or glen. ...
Person or business that obtains mortgages for others by finding suitable lenders. The mortgage broker sometimes deals with collections and disbursements. Typically the mortgage broker ...
Have a question or comment?
We're here to help.