Jacksonville and Sarasota Real Estate BlogRecently posted or modified blog posts in the category - Buying a Homehttps://www.floridarealestatecentral.com/blog/Copyright FloridaRealEstateCentral.com2022-10-14T07:51:46-07:00tag:floridarealestatecentral.com,2012-09-20:27584How to Get the Most from Small Condos: Design Ideas for Maximizing Space <img src="/userFiles/1782/image/condo-interior-design-tips.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Design Tips to Maximize Condo Space" />
Moving into a new condo provides owners with the opportunity to design their own dream space. However, many <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-condos/" title="Jacksonville Condos For Sale">condos for sale</a> are built with less square footage than a single-family home, making it sometimes challenging to keep the space feeling spacious. It takes some creativity to maximize the space in a condo and make the condo feel larger. Get ready to flex your inner interior designer and read on to discover some design ideas for small spaces so that condo owners can <a href="https://longdistanceusamovers.com/2021/11/09/improve-your-future-home/" target="_blank">make the most of their new home</a>.
Try These Places to Hide More Storage
Creative furniture and shelving solutions that offer additional storage for personal items are a great way to maximize space in a condo. Clothes can be stored underneath a bed, for example; a "Captain's bed" has built-in drawers beneath the mattress that can be used in lieu of a separate chest of drawers. A Murphy bed that folds up against the wall is another space-saving idea for the bedroom. Some companies are even designing beds that cater to condo owners, such as a bed that lowers from the ceiling each night.
Creative dual-purpose and storage furniture pieces offer another avenue for storing personal items out of sight and reducing clutter in a condo. Attractive benches are available in which the top lifts up to reveal a storage chest, for example. For a <a href="https://www.tileclub.com/blogs/news/2020-small-bathroom-trends-how-to-choose-tile-and-bathroom-accessories-for-a-boujie-bath-on-a-budget" target="_blank">small bathroom</a>, a set of over-the-toilet shelves can create some much-needed space. A nested coffee table with hidden storage beneath it is a creative living room solution. Foldaway desks and tables are more options for freeing up space when they are not in use. Attractive and plush folding chairs are a nice option for extra seating, because they can also be put away when not in use.
Consider New Paint and Mirrors
A fresh coat of paint doesn't just make a small condo appear newer. It can also expand the space by visually tricking the eye. Pale colors and cool colors can make walls appear to recede, which makes a room look larger. Pale blue, green, gray, or lavender, for example, with undertones of blue or green, can make a smaller room look bigger. If living in a low-rise condo with a view of greenery and trees outside, a saturated light green paint with hues of yellow can make a room look bigger, because it draws the eyes toward the outside.
Mirrors are another way to make a room look more spacious. Large mirrors with small frames (two inches or less) are the rule of thumb. Mirrors should be hung with the center of the mirror at 60 inches from the floor, making them eye-level for most adults. There should also be some space left around the mirror—at least two inches from the edge of the frame to the nearest wall or ceiling. If a mirror is situated near a light source that it can reflect, such as a lamp, it can also open up a room and make it appear larger.
Bigger Might be Better for Furnishings
<img src="https://assets.site-static.com/userfiles/1782/image/large-couch.jpg" alt="Condo Living Room with Large Couch" style="display: block; margin: 0 auto 20px auto;" />It seems counterintuitive that bigger furnishings could help to maximize space, but it's true. Much like the optical illusions created by paint and mirrors, a single large piece of furniture, like a sectional, creates the illusion of more space because it looks less crowded than multiple smaller pieces, like a pair of couches. Another counterintuitive tip: pull furnishings away from the wall, and a space will feel airier than if everything is backed up as far as possible to free up floor space.
Large pieces of furniture may also feature a lot of storage or hidden storage. A large couch that folds out into a hide-a-bed can eliminate the need for another bed entirely. A Captain's bed, as mentioned above, is another example of a larger space-saver. It sits higher off the floor because of the shelving underneath but eliminates the need for a chest of drawers or an armoire. Speaking of armoires, a large wooden piece of furniture like this can be a centerpiece for an entire room, while providing storage space for linens, knick-knacks, or other items. Remember: The goal is to create storage space and reduce clutter, ultimately making the condo look larger.
Shelving is another example where condo owners should consider "going big." Wall-mounted shelves, for example, can extend from the floor all the way to the ceiling. While they only jut out from the wall approximately 12 inches, they can be a great way to create extra storage space in the kitchen or living room.
Think Vertically Rather Than Horizontally
Speaking of shelving, it's a good idea for condo owners to learn to think vertically, rather than horizontally, when it comes to space-saving solutions. Floor-to-ceiling shelves are great for storing books, knick-knacks, shoes, and other items.
For those who don't have the space for a countertop garden, there's the option for a wall garden or vertical garden to grow herbs and small plants. An indoor wall garden that gets enough sunlight can be built or purchased with wool pockets or small planters, to offer some greenery and maybe some ingredients to the indoor space.
Wall-mounted bars or racks with hooks are another great vertical solution for saving space. Flat items that can rest directly against the wall are perfect for this type of space-saving solution. Owners can hang cookware, linens, utensils, mugs, or shoes from the racks.
If owners are allowed to build inside their condo, a do-it-yourself loft is another great way to create some more space. A simple set of stairs with drawers under each step can lead up to the loft for additional storage space. The loft itself could be a location for another bed, an elevated home office, or any other sort of space that the owner wants to use it for, provided their ceiling is high enough to accommodate a loft.
Avoid Having Dead Space Whenever Possible
One of the biggest challenges for condo owners is making the most of their limited space. Every square foot counts, so it's important to avoid wasted space, or what is commonly referred to as "dead space." Dead space is any area that goes unused or is difficult to use due to its layout or design. It can be found in corners, alcoves, and even in the middle of a room. The key to maximizing your condo's potential is to identify dead space and find ways to put it to good use.
One way to do this is by repurposing dead space as storage. If you have a corner that's not being used, try adding a floor-to-ceiling shelving unit. This will not only help you make better use of the space, but it will also help your small condo feel larger by creating more opportunities to put away things that could end up as clutter.
Another way to put dead space to good use is by turning it into a home office or reading nook. A cozy chair and small desk can easily fit into an alcove, and this can be a great way to create a quiet space for yourself where you can get away from it all. Finally, if you have a large expanse of empty wall space, consider using it as an opportunity to add some personality to your condo with some art or photos.
By <a href="https://www.homelane.com/blog/refreshing-ideas-to-tackle-the-dead-spaces-in-your-home/" target="_blank">avoiding dead space</a>, you can help your small condo feel larger and more inviting. With a little creativity, even the smallest condos can be transformed into comfortable and stylish homes.
Saving Condo Space Just Takes Some Creativity
The size of a condo is far from an insurmountable challenge, and there are many benefits to buying over renting a condo. The amenities of condo communities, the reduced condo owner maintenance responsibilities, and the often-fantastic locations of a condo are part of the lifestyle and, for many buyers, far outweigh the possible challenges of a smaller space. It just takes some creativity and elbow grease to reduce clutter and store items out of the way and out of sight. The correct use of mirrors, paint colors, furniture, shelving, and other solutions can make a small space feel much larger than it really is.
2022-09-15T05:53:00-07:002022-09-15T08:40:41-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:27582COAs & Condo Maintenance: What Are You Responsible For?<img src="/userFiles/1782/image/condo-maintenance-responsibilities.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Condo Owner vs HOA Maintenance Responsibilities" />
For most people, <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-condos/" title="Jacksonville Condos For Sale">buying a condo</a> means taking a dip in the community swimming pool whenever they please and never having to worry about its maintenance. For others, it's living yard-work free because a COA community handles these tasks. However, whatever it might mean to any individual owner, they must understand the maintenance duties of a condo owner beforehand to avoid frustrations when a COA board member shows up to their doorstep demanding they shoulder plumbing repairs. So, what does a condo owner have to take care of? Read on to find out the maintenance responsibilities of a condo owner.
What Belongs to the COA & What Belongs to Me?
Most condo neighborhoods are governed by a homeowners association. The community developer usually creates the COA and hands its administration down to a board run by elected presidents. These residents oversee and manage the entire community by enforcing rules regarding shared spaces, landscaping, and generally everything else that may affect the residents' lifestyles. COAs also mediate resident disputes, introduce developments and market the community. They create stability in condo neighborhoods by setting rules and bylaws that govern issues like maintenance, conversely upholding and facilitating better property values. These rules are often written out in <a href="https://www.findlaw.com/realestate/owning-a-home/ccrs.html" target="_blank">Covenants, Conditions, and Restrictions</a> documents (CC&Rs) and are legally binding and enforceable.
So what does a COA own in a condo community, and what belongs to the owners? While every community is different, condo neighborhoods typically comprise owned, shared, and limited common elements.
The COA owns and manages the usage of common elements such as roads, sidewalks, and swimming pools, while residents boast exclusive physical ownership of private units. On the other hand, limited common features are often only accessible to two or a group of residents and their guests but may ultimately be owned by the entire condo community.
Maintenance for Common Elements
<img src="https://assets.site-static.com/userfiles/1782/image/air-conditioners.jpg" alt="Who Maintans Common Elements in an Apartments?" style="display: block; margin: 0 auto 20px auto;" />Also known as shared spaces, common elements in a condo community are the spaces, features, and services that benefit all dues-paying condo owners in the neighborhood. They vary from one community to another but typically include HVAC systems, walkways, streetlights, elevators, and lighting in shared hallways and roads. In some upscale condo communities, luxurious features such as swimming pools, sports courts, fitness centers, clubhouses, beach areas, parks, and pavilions are also considered common elements.
Maintenance and repairs of these elements are almost always the responsibility of the condo association. That means residents can scratch tasks like lawn care off their to-do lists since the COA has it handled. The COA typically oversees tasks like trash removal, snow shoveling in winter, painting or repairing condo exteriors, and general landscaping. COAs also cover emergency repairs that might come up.
If a common-use elevator breaks down or a broken streetlight needs repairing, the COA oversees and funds its repairs. Also, if an improvement is proposed and approved, the COA makes it happen using monthly or yearly COA resident fees. Note, however, that even though the COA owns and is responsible for maintaining common elements, condo owners can usually vote to decide which repairs or upgrades are completed first.
Maintenance for Limited Common Elements
Limited common elements are any features of a condo community that are exclusively used by one or a group of residents. Like common elements, these features may vary but often include a balcony or patio only accessible via a specific floor, assigned parking spaces, an entryway or path that serves individual units, a private garage, and sometimes even ductwork conduits or wiring to particular units. These elements are listed in the condo declaration, and ownership can neither be revoked nor reassigned. One can only make changes through declaration amendments, but this often takes time.
While usage of limited common elements is restricted to one or a group of residents, maintenance responsibility of <a href="https://www.investopedia.com/terms/l/limited-common-elements.asp" target="_blank">limited common elements</a> typically falls on the condo association. But the costs are often covered by the exclusive users unless specified otherwise in the declaration. The COA can also control lighting, paint color, and upgrades to a limited common area.
If the terms are unclear, the COA automatically shoulders the responsibility, but the users might be expected to handle it in some communities. In that light, an aspiring condo owner interested in exclusive elements must review the document to determine who's responsible for what before committing to any contract. Roofs, windows, and similar liminal items may or may not fall under the condo owner's responsibility depending on the community, so it's important to ask for clarification.
Maintenance in Private Units
Also known as owned elements, private units are individually owned condos in a community. The space includes everything within the unit, including the floors, the middle walls, the ceilings, and the interior surfaces of the exterior walls.
The private units are considered an area of separate interest, meaning maintenance automatically falls on the occupant. That essentially means that if the condo came with appliances like a dishwasher or refrigerator, these automatically become the owner's property, and any necessary repairs, maintenance, or replacement is their responsibility.
Private unit maintenance tasks usually vary and may include hardware replacement, painting, flooring repairs, and plumbing issues such as a leaking toilet. However, plumbing is still a gray area, as problems such as a backed-up septic tank used by multiple units may sometimes fall on the COA, and pipes within the walls may not fall under the condo owner's ownership. Owners should also establish whether the plumbing and electrical wires in their walls and floors fall under their ownership or the COA if they plan to renovate to maximize their condo's space, as they may have to work around the current setup if the lines serve multiple units.
What Happens When Damage Affects Both Private and Common Elements?
In condo ownership, it's usually fairly clear-cut who is responsible for what when it comes to repairs. However, what happens when something causes damage to both private and common elements? For example, if a massive storm rips shingles off a roof, allowing rainwater to leak into the home and damage the drywall, carpet, and personal possessions, who's responsible for the repairs? While there was damage to private property, it wouldn't have happened if a common element hadn't been damaged.
In a case like this, the condo association's insurance would typically cover the cost of repairing or replacing the common element (the roof), and then each unit owner would be responsible for repairing the damage to their own unit. However, responsibilities can vary between COAs. You should always be familiar with your condo association's CC&Rs so you're fully aware of what each party is responsible for.
Condo Living Is Low-Maintenance
Whether an owner chooses a condo for its modern interior, convenient location, or affordability, understanding their maintenance duties beforehand lets them determine whether condo ownership is the right choice for their wants and needs when deciding whether to buy or rent a condo.
2022-09-12T06:38:00-07:002022-09-12T08:41:27-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:25047What to Know Before Purchasing a Waterfront Home<img src="/userFiles/1782/image/waterfront-buying-advice.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Tips for First-Time Waterfront Buyers" />
Waterfront properties offer plenty of benefits, from gorgeous views to easy water access. However, waterfront homes can also bring added expenses, which can start to add up without adequate preparation. When considering the purchase of <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-waterfront-homes/" title="Jacksonville Waterfront Homes For Sale">waterfront homes</a>, it's imperative to find the right insurance, plan for future maintenance, research local regulations and fees, and budget for the fun items and activities that make a waterfront home so appealing in the first place. Looking for tips before you dive into a house by the water? Keep reading to find everything you need to know as a first-time waterfront property buyer.
Is a Waterfront Home a Good Investment for First-Time Homebuyers?
Waterfront homes are often seen as a good investment. They typically appreciate in value at a higher rate than non-waterfront homes because there is a limited supply and high demand. On top of that, they can be a great source of rental income for those who want to take advantage of the short-term rental market. But what about as an investment for a first-time homebuyer?
Because the prices for waterfront homes are overall higher than non-waterfront homes, they can be more restrictive to first-time homebuyers. However, if a buyer has the budget and is interested in the long-term potential of the property, a waterfront home can be a great investment. Waterfront homes typically have higher upkeep and insurance costs due to the higher risk of flooding, but that doesn't mean they're completely unaffordable. With careful planning and a realistic understanding of the costs, a waterfront home can be a sound investment for first-time homebuyers.
Find the Right Insurance For Waterfront Homes
Although flooding can be a problem for any waterfront home, homeowner's insurance does not typically cover damage from flooding. However, in some cities, homeowners can purchase a separate flood insurance policy due to the city's participation in the <a href="https://www.floodsmart.gov/" target="_blank">National Flood Insurance Program</a>. Because flooding can happen almost anywhere in coastal cities, flood insurance is a smart purchase for all <a href="https://www.floridarealestatecentral.com/jacksonville/" title="Jacksonville Real Estate">real estate</a> investments, not just those immediately on the water.
Not all flood insurance policies are created equal. Many flood insurance policies cover only the building's structure but not its contents. However, when a city experiences flooding, the city's homes tend to experience less severe damage to their structures than their contents. Therefore, when selecting a flood insurance policy, it's a good idea to buy one that covers both the building's structure and its contents.
Although insuring a waterfront home against flood damage can be more expensive, waterfront homes tend to be a more reliable investment than homes in other areas. Waterfront homes tend to continuously appreciate because beaches, lakes, and other waterways are scarce resources. Purchasing the right kind of insurance is a great way to help protect that investment.
Forecast Your Home Waterfront Maintenance Needs
Some waterfront homes have additional maintenance needs, such as seawalls, and in some cases, weather can have more of an effect on appliances, and homes may require storm-proofing. Anticipating these maintenance needs and budgeting for them can help prevent future headaches.
Seawalls help prevent erosion and other damage to coastal properties. When considering a home that already has a seawall, it's a good idea to have it inspected before buying. Seawalls built from poor materials or poorly installed can end up costing more in the long run, as they require more frequent maintenance. An inspector can determine if the seawall is rooted deeply enough to prevent erosion for years to come.
Checking appliances can also help prevent unexpected maintenance costs down the line. Salty air can wear down home appliances more quickly, leading to earlier replacements. If a home's appliances are over ten years old, they'll likely need replacing soon. While these replacements can be costly, that cost can be a negotiating tool when buying a home with older appliances.
Waterfront homes may also need additional storm-proofing. Metal roofs, impact windows, and fiberglass doors can help prevent wind and water damage during storms. While these improvements may require an investment, they can help save money later on.
Research Potential Waterfront Regulations and Fees
One of the <a href="https://www.floridarealestatecentral.com/blog/questions-to-ask-before-buying-waterfront-homes/">questions to ask before buying a waterfront home</a> is regarding the local water regulations. While many waterfront homes seem to be the perfect place for a private dock, they are typically subject to regulations from several governing bodies, and sometimes HOAs have a say as well. Even if a property already has a dock, it's a good idea to verify that it was properly permitted.
Government bodies can grant exemptions, general permits, or individual permits for marine construction projects. Permits for single-family docks are among the most common marine construction permits sought by oceanfront homeowners. However, dock permits aren't always necessary. Non-commercial piers of 1,000 square feet or less usually don't require a permit unless constructed in specially protected waters.
Meanwhile, many waterfront properties feature wetlands between the upland lot and water. A dock extending over those wetlands to reach deep water would likely require a permit.
Occasionally, neighbors can have a say in property improvements, too. In many states, waterfront property confers riparian water rights, which include an unobstructed <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-water-view-homes/" title="Jacksonville Water View Homes For Sale">view of the water</a>. It's a good idea to verify that neighbors won't have any problems with planned improvements. Additionally, many waterfront homes belong to HOAs, which can charge fees and influence the available improvement options.
On the Other Hand, Some Expenses are Fun
<img src="https://assets.site-static.com/userfiles/1782/image/waterfront-home-with-dock.jpg" alt="What to Know About Buying Waterfront Property" style="display: block; margin: 0 auto 20px auto;" />While some of the expenses of waterfront homeownership are unfortunate necessities, the <a href="https://www.floridarealestatecentral.com/blog/essential-home-purchases-for-waterfront-properties/">essential home purchases for waterfront houses</a> can be fun and exciting. Equipping a waterfront home with a private pier, watercraft like boats and jet skis, and outdoor furniture can help complete the dream of a luxurious waterfront living experience.
A private pier can be a great bridge to the water near a waterfront home. Not only does a private pier allow for docking various watercraft, but it can also enable fishing and other watersports. Additionally, walking down a serene private pier can provide gorgeous views of the water seen by no one else.
Once the pier is ready, why not dock a boat or jet ski on it? Boats, jet skis, and other watercraft allow for endless hours of entertainment on the water. Owning a waterfront property makes it easy to engage in watersports right in the home's backyard.
Finally, outdoor furniture can help complete the home's look and give it a cozy vibe. While it's important to select outdoor furniture that can handle humidity or the salty air of a beachfront home, comfort is still the ultimate goal. Outdoor furniture can offer a great place to relax and enjoy the view.
Choosing the Perfect Waterfront Property
With so many waterfront properties available, finding the best fit can be difficult. Although they are not the only factors to consider when choosing a waterfront home, finding the right insurance, anticipating future maintenance, researching local regulations and fees, and budgeting for fun expenses can help cut down on future costs.
2022-09-08T06:21:00-07:002022-09-08T08:21:38-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:28543Guarded vs. Unguarded Gated Communities: Advantages & Things to Consider<img src="/userFiles/1782/image/guarded-vs-unguarded-gated.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Guard-Gated vs. Unmanned Gated Communities" />
For homebuyers looking for the best combination of top security, amazing amenities, and assured privacy, it's hard to beat the appeal of <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-gated-community-homes/" title="Jacksonville Gated Community Homes">gated community homes</a>. However, not all gated developments are the same, as there are guard-gated and unmanned systems. The entrances to guard-gated communities are controlled by a security attendant, while unmanned communities are usually accessed via a keypad or another form of access-control technology.
When exploring homes located in either type of gated community, it's a good idea for home seekers to understand the benefits of both structures to help them determine which one better aligns with their preferences. Ready to settle the debate once and for all? Keep reading to decide if you'd prefer to live in a guard-gated community or an unmanned community.
Why Are Gated Communities So Attractive to Homebuyers?
Many quiet neighborhoods are disrupted when motorists use them as pass-through routes to avoid traffic lights and other road congestion. Additionally, with no physical barrier to screen people entering the community, strangers can quickly come in, putting people at risk if burglars or people with other nefarious intentions decide to target neighborhood homes and residents. A gated structure of any kind offers controlled access to protect the peace of mind and privacy for all owners.
Other attractive factors associated with gated communities include higher property values, slower vehicle speeds, better pedestrian safety, a stronger sense of community, and no unwanted solicitation. <a href="https://www.floridarealestatecentral.com/blog/jacksonville-gated-communities-with-great-amenities/" title="4 Jacksonville Gated Communities With Amazing Amenities">Gated communities with amazing amenities</a> like pools, fitness centers, and more can be found all over the country. Both staffed and unstaffed gated communities are highly appealing to home seekers because they offer a stronger sense of security and maintain residents' privacy. The only people allowed to enter the community will be those who live there, are invited by residents, or are asked to come in by the HOA.
Pros of Guard-Gated Communities
Guard-gated communities offer a few critical advantages on top of the excellent advantage of simply living in a gated neighborhood. For instance, the mere existence of a physical guard can deter unwanted entry with no further involvement required, or they may be able to respond more effectively than automated technology—this provides an extra layer of protection.
Guards also keep careful records of guests, contractors, and all other visitors, so they're manually checking the credentials of every person who comes to the gate, alerting residents if they have someone at the entrance seeking to go to their house. Guards also typically regularly monitor cameras and <a href="https://www.floridarealestatecentral.com/blog/home-security-options/">other home security options</a> for all entrances and exits, leaving residents with the comfort and peace of mind of knowing their community is being carefully watched.
Pros of Non-Guard Gated Communities
<img src="https://assets.site-static.com/userfiles/1782/image/gated-entrance.jpg" alt="The Gate of a Non-Guard Gated Community is Often Deterrent Enough" style="margin-bottom: 30px;" />
Home seekers shouldn't let the designation of "non-guard" fool them. One of the benefits of non-guard-gated structures over guard-gated is that community homes are typically more affordable since the expenses associated with staffing gates are eliminated from HOA fees. Budgeting for staffing three shifts of guards can get costly, but a gate with no guard means homeowners can still enjoy the benefits of living in a gated community, but more affordably.
Non-guard-gated communities, while not having a person monitoring comings and goings, still offer numerous benefits since their model is based on controlled access. People must have the approval to be let in by the automated gate at all times – no credentials or prior authorization, no entry. It's that simple! Although there are systems in place to allow easy access for approved guests.
Gated unmanned communities also have more robust security levels since their gates are usually enough of a deterrent to keep criminals and other unsavory people out of the neighborhood. The gate also serves as a physical barrier to ensure people slow down when entering the community since they must first come to a stop to scan their credentials. Furthermore, solicitors are blocked from accessing the neighborhood. (Chances are high that no one will grant them access.)
Like guard-gated neighborhoods, in unmanned gated communities, everything occurring at the entries and exits of these neighborhoods is also usually recorded by cameras, alerting management to anything that looks amiss, giving them the knowledge they need to initiate speedy fixes.
Other Factors to Consider Before Buying a Home in a Gated Community
Gated communities have a lot of great advantages that make them excellent places to live, but there are some other factors homebuyers should consider before placing an offer on one. For example, gated communities are often located further away from conveniences like grocery stores and restaurants.
Additionally, because these neighborhoods have restricted access, it can be difficult for visitors and service providers to get in and out, which may be frustrating at times. If it's simply an unmanned gate with a code, getting in and out is easy, but some systems require the guest to use a phone to call the homeowner upon arrival. Guarded communities may require the homeowner to provide a list of expected guests to be allowed in that would need to be updated every time someone needs to be added or removed from the list.
While gated communities have a lot of advantages and provide homeowners with an additional sense of security, these are the types of things homebuyers will want to know about before committing to purchasing one.
Which Style Of Gated Community Do You Prefer?
There's a good reason why <a href="https://www.newamericanfunding.com/blog/are-gated-communities-worth-a-premium/" target="_blank">gated community homes are worth a premium</a>. Regardless of which style of the gated neighborhood is chosen, home seekers should know both structures offer a more substantial level of protection and privacy than what would be experienced in non-gated communities. From semi-rural hideaways to gated communities close to downtown, these special neighborhoods can suit any lifestyle and preference.
2022-09-07T06:00:00-07:002022-09-07T10:16:44-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:27589Renting Vs Buying: Would You Rather Buy a Condo or Rent an Apartment?<img src="/userFiles/1782/image/buy-vs-rent-condo.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Should You Buy or Rent a Condo?" />
Living in a <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-condos/" title="Jacksonville Condos For Sale">condo community</a> has a number of perks versus living in a single-family home. These benefits range from less maintenance for condo owners to the presence of shared amenities like fitness centers that may be out of reach for the typical homeowner. There's no denying that the condo lifestyle is appealing to many. But is it smarter to rent a condo to gain access to these perks, or to buy a condo and become a homeowner?
Whether buying or renting a condo is the better choice varies between individuals, what they want in a home, and their intended use. Keep reading, and we'll explore a few key things to consider when deciding whether to buy or rent a condo.
Consider Rent Costs vs. Mortgage Payments
One of the most contentious questions among homebuyers is whether it's more affordable to rent or buy a home. In actuality, both options should be considered as possibilities, and the overall costs between renting and owning a condo, in particular, vary depending on a home shopper's situation. The biggest long-term considerations here are how long the occupant intends to stay in the condo, the monthly rent vs. the monthly mortgage payment for the area, and how soon they'll reach a "break-even" point that will make buying the more affordable option in the long run.
One of the biggest reasons renting is often considered more affordable than buying is the lack of a 20% down payment, which for most homebuyers is a significant chunk of cash to gather. Condo renters also don't have to worry about some costs unique to homeownership, such as property taxes. Renting also gives tenants the chance to move after fulfilling their lease period with no further obligations like finding a buyer, which is a valuable benefit for those who desire flexibility. However, those who renew their lease may face rent increases that can make renting less feasible over time. In other cases, should their landlord decide to sell the property, tenants can be faced with moving at an inconvenient time.
Owning a condo has the potential to bring about both tangible and intangible benefits. Ownership gives one the option to make decisions concerning the appearance of the interior, such as ways to make the condo feel larger (though the COA typically controls exterior paint colors, fencing, and what type of trees or plants can be placed outside the unit.) Depending on whether owners rent out the condo and the <a href="https://www.investopedia.com/mortgage/mortgage-rates/payment-structure/" target="_blank">structure of the home mortgage</a>, certain tax benefits may be excluded or be viable. Home mortgage interest deductions can be had in the early life of most loans through itemizing any out-of-pocket expenses owners incur to improve the property and conduct renovations.
However, if the condo is rented, owners no longer qualify for mortgage tax deductions, so planned usage is an important factor to consider. Another thing to be aware of is that, as a non-liquid asset, owners might not be able to sell the condo for what they want if they happen to be selling during a slow period in the local real estate market.
Condo Owners Have the Option To Rent Out the Property
<img src="https://assets.site-static.com/userfiles/1782/image/property-keys.jpg" alt="Handing Over Property Keys" style="display: block; margin: 0 auto 20px auto;" />Those planning to invest in a condo as a part-time residence or use it as a vacation home can make passive income during times when they aren't using it themselves. Investors can opt to list their condos as a long-term or short-term rental property, and both have positive aspects. Long-term rentals tend to be occupancies lasting a month or longer, while short-term rentals are often geared towards vacationers or month-to-month tenancies.
The advantages of long-term rental properties are vast. Longer rental terms allow owners to confidently have a source of long-term income. However, seasonal properties with short-term rental agreements may produce less income in slower seasons in the area of the condo's location. Another benefit of tenants who occupy a unit long-term is that they typically pay their own utility expenses, while short-term lease agreements typically have utilities covered by the landlord.
Long-term rentals require less advertising and maintenance overall due to fewer turnovers, and renters staying in the condo as a primary residence rather than for a vacation tend to take better care of the property and are quick to report any issues to landlords. Because they call for less time investment, they're easier to handle for self-managing investors, and <a href="http://www.stessa.com/blog/how-much-do-property-managers-charge/" target="_blank">rates for property management companies</a> are usually more affordable. On average, long-term property managers take an average of 8–12% cut of rent collected, while vacation property managers may ask for as much as 25%.
The advantages of short-term rental properties can be compelling for investors wanting to maximize their income. Condos in popular vacation areas can both draw in premium rates during high seasons and still see profits in the off-season. While property management expenses are typically higher for short-term rentals, the increased income potential can offset that cost.
Owners Can Leverage Equity When Ready to Buy Another Home
Those who buy a condo will accumulate equity in their home through their down payment and mortgage principal. When selling down the line, condo owners have a good chance of recouping what they've paid for the property and may receive even more money if the home increases in value. After selling, owners can accrue a nice nest egg to buy their next residence, boost savings, or invest in other endeavors. Renters paying a landlord cannot gain their own equity, but rather, they are helping the current owner do so.
Maintenance Responsibilities As an Owner vs. As a Renter
Quite a few individuals delay homeownership because maintenance can sometimes be a hassle in a single-family property—an issue that is minimized when investing in a condo. Traditionally, homeowners are tasked with painting siding, tending to landscaping, and other types of upkeep. Meanwhile, condo owners have the benefit of a condominium owners' association or property management company that handles these chores for both investors and tenants, while occupants and/or landlords take responsibility for interior repairs and upkeep. Additionally, common-use areas like pools, parking areas, sports courts, and amenities are maintained by the COA, so both owners and renters can enjoy these inclusions without the high price of upkeep.
Tenants tend to handle some of the basic upkeep tasks in short-term rentals, such as routine cleaning, stocking essentials, and sometimes yard maintenance. Longer-term renters are often tasked with a few more maintenance tasks, but the condo owner is ultimately responsible for repairs inside the unit, such as appliance malfunctions. Each lease, along with the COA bylaws, will specify precisely who is responsible for what among the involved parties.
Mortgage Payments vs. Paying Rent
One key difference between buying a condo and renting an apartment is how monthly payments are being made. Owning a home means paying a mortgage, which builds equity over time, as discussed earlier. Meanwhile, renting doesn't have any opportunity to build equity. Some people cite rent payments being more affordable than mortgage payments as the main reason they rent, but in many parts of the country, <a href="https://themortgagereports.com/93849/buying-a-house-cheaper-than-renting-2022-study" target="_blank">mortgages are actually cheaper than rent</a>.
Another advantage of paying a mortgage instead of rent is that mortgages will be the same price throughout the lifetime of the loan. Meanwhile, landlords can increase rent every year, sometimes by a considerable amount. This unpredictability can make it difficult to budget for the future and could even force tenants to find a new place to live if rent increases outpace wage increases.
These are important factors to consider when deciding which route to go regarding purchasing or renting a condo. It's not always a clear-cut decision, but understanding the key differences between the two can help make the choice easier.
Is Owning a Condo Right For You?
Homeownership comes with additional costs and responsibilities that renters generally aren't subject to. However, for those who don't plan to stay in an area long-term, buying a home may not make as much financial sense as renting. Those ready to take the plunge and establish equity will want to consider buying a condo. In the end, there's no "better" option, just the one that's right for the individual.
2022-08-25T05:46:00-07:002022-08-25T07:17:14-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:27850Real Estate Market Update for Jacksonville, FL [August 2022]<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/frec-real-estate-market-update.jpg" alt="Your Northeast Florida Real Estate Market Update" width="475" />It's that time of the month when we take a look at the <a href="https://www.floridarealestatecentral.com/jacksonville/">real estate market in Jacksonville, FL</a> to see what's been happening. The Northeast Florida real estate market is always changing, and it can be hard to keep up with the latest trends. Luckily, we have the latest updates for Jacksonville home buyers and sellers, so keep reading for the latest information on this month's real estate market.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Jacksonville's Real Estate Market Statistics for August 2022
It's that time of the month again: Jacksonville's real estate market update report! Let's review all that happened in July, including the surprising facts and where the market stands as we begin to approach fall.
At the end of July, the number of homes sold in Jacksonville dropped 26.6% compared to the same time last year. However, median sales prices saw an increase of 21.2%. While home prices remain strong, this appreciation is expected to slow, but prices are not expected to decline.
The number of new homes for sale dropped 12.2% in July compared to this time in 2021. As a result, prices are expected to remain strong due to low inventory.
July's days on market remained at 27 days, unchanged from last year. However, low inventory is causing some homes to sell quickly, especially those properly marketed.
Here's the unexpected: mortgage rates dropped below 5% in early August. Rates have climbed slightly since then, and as of August 11, rates are at 5.22%. However, June saw a peak rate of 5.81%, so August's new rate is below that.
Mortgage Rate Misconceptions
The most common misconception is that mortgage rates are directly affected by the Federal Reserve's fed fund rate. However, because mortgage rates correlate with a 10-year treasury, it's not unusual to see them drop as the fed funds increase.
Ready to navigate the current market? The most important thing you can do is work with an experienced full-time real estate agent to properly advise you, whether you're a buyer or seller. Contact us today!
Real Estate Market Statistics for Jacksonville: July 2022
Another month has passed, so now is the time to look at the Northeast Florida real estate market and see what's changed. How has our recent market been performing, and how does this impact buyers and sellers?
Over 3,000 homes were sold in June, with a median sales price of $371,000. There were over 5,500 active homes for sale at the end of June, representing an increase from May. It would take 1.7 months to sell these homes with current demand. However, with higher inventory, we will most likely see the time it takes to sell increase.
More inventory is good news for buyers. While the market is starting to stabilize at its current price levels, inventory remains historically low, which is also good news for sellers because prices remain strong.
What to Expect in the Coming Months
Florida had the largest increase in home sale prices compared to May 2021 across the nation. Days on the market showed no change for June 2022 compared to June 2021, with an average of 28 days. This is another indicator that the increase in listings and slightly lower demand keep homes as long or slightly longer on the market as in 2021.
While interest rates are currently at 5.3% and might concern potential buyers, the good news is that this number is typical compared to past rates. However, experts predict that these rates will continue to rise.
If you are a seller in this market, finding a real estate agent who can help you create a unique marketing plan for your home will be a priority. We're heading towards a regular market, which requires excellent marketing to get a home sold.
Finding a real estate agent with great negotiation skills is a must if you are a buyer in this market. The market we're entering may present buyers with opportunities they haven't seen in years.
Stay Up-to-Date with The Marganon Group
Have questions about the real estate market and how it might impact you? Contact The Marganon Group today.
For more insights, watch the video and follow us on Facebook and Instagram as well as subscribe to our YouTube channel to get an update on the market on the 15th of every month.
Jacksonville, FL Real Estate Market Statistics: June 2022
The market is shifting. That's a fact. Therefore, buyers and sellers need to stay ahead of the curve and keep their fingers on the pulse of what's happening to stay relevant, which means understanding the latest trends and how they're impacting the Jacksonville real estate market.
If you are looking to buy or sell homes soon, you MUST watch this.
Interest rates and the slowing market
While interest rates are going up, they remain lower than <a href="https://themortgagereports.com/61853/30-year-mortgage-rates-chart#current" target="_blank">the 50-year average of 7.54 percent</a>, and the prices of homes have not shown any signs of decreasing. During the pandemic, we've seen the value of homes increase 25–30 percent year over year, but with the increase of interest rates, we expect home value increases to return to their pre-pandemic levels of 3–5 percent annually.
Rather than a decrease in housing prices, we're seeing an increase in the length of time homes are staying on the market. Homes that were on the market for just 1 day previously are now staying on the market for around 14 days instead.
What does this mean for buyers and sellers?
At the end of May, we saw over 3,000 homes for sale. The timeframe to sell these homes was 1.32 months, but with inventory increasing, we will most likely see the time it takes to sell increase.
The slowing housing market is fantastic for buyers, because in the highly competitive housing market we've experienced recently, they've had to jump into multiple offer situations where they had to very quickly put together and submit offers that had a very low chance of being accepted in a market that had very little inventory. Now, buyers have more inventory to browse and more time to look at all of that inventory while shopping for a home.
Sellers, on the other hand, will need to be more patient, and they'll need to be much more careful in ensuring their home is priced right. If you're looking to sell, expect your home to stay on the market a bit longer.
Real estate market statistics for Jacksonville — May 2022
Homes in the month of May had a median sales price of $363,050 per home. This number increased over 25% and I do not expect that number to drop anytime soon.
The change that is scaring people the most would be the interests rates which have risen to 5.09%. While this number is higher and might scare potential buyers, the good news is that this rate is actually normal compared to past rates.
Are we in a buyers market or a sellers market?
So is this a buyer's market or a sellers market? For more insights, make sure to watch the video and follow us on Facebook and Instagram as well as subscribing to our YouTube channel to get an update on the market on the 15th of every month.
Jacksonville, FL Real Estate Market Statistics: New for May 2022
Another month, another real estate report! It's time for us to take a look at what went on in April so that we can talk about where the market is positioned as we go into the summer. Long story short: demand is much higher than supply, and it's a great time for sellers in Northeast Florida.
Compared to last April, the median sales prices we've seen in April 2022 are more than 23% higher—for new listings specifically, that number jumps to 27.9%. Homes are also spending less time on the market before being snapped up, with a median days on market stat of a mere 29 days.
The number of sales, however, was down 12% year-over-year. Why is that?
Just like in March, the answer is that there simply aren't enough houses on the market to meet demand. If inventory was higher, trust us, sales numbers would be a completely different story. Year-over-year, the number of new listings has dropped 12% compared to last April.
Interest rates for 30-year fixed-rate mortgages continue to rise, now sitting at around 5.1%. This time last year, they were around 2.98%. This has caused some speculation and concern with the economy, so let's go to the facts:
Housing inventory is at all-time lows, but the demand remains high.
There are no signs of supply rising to meet the demand in the near future.
While the rising interest rates are expected to cool demand slightly, demand is expected to remain in excess of supply.
The stability of the market is better than it was in 2008. Homes have more equity, more homes have been purchased with cash, and the risky loans of 2005–2008 are no longer around.
Where's the Market Headed in Northeast Florida?
We don't expect that the median sales price will continue to rise at the rate that we've been seeing the last few years. We anticipate that the meteoric rise will moderate itself to a more realistic 3–4% gain in the face of market conditions.
If you want a monthly update of the market on the 15th of every month, make sure to <a href="https://www.youtube.com/channel/UCgLhJ5bO__ZUP4pr0MRsNbA" target="_blank">subscribe to our YouTube channel</a>, and follow us on <a href="https://www.facebook.com/themarganongroup" target="_blank">Facebook</a> and <a href="https://www.instagram.com/the.marganongroup/" target="_blank">Instagram</a>.
Thinking about buying or selling your Florida home in today's market? <a href="https://www.floridarealestatecentral.com/contact/">Reach out to The Marganon Group at RE/MAX Sterling</a> today for the latest updates and local insight to help you get the best deal on your transaction!
Jacksonville, FL Real Estate Market Statistics: New for April 2022
Another month is done, so it's time for us to look at the Northeast Florida real estate market and see what's gone on. As the next month begins, we can observe developing trends that buyers and sellers should be aware of: we can see that the already-hot market is heating up even further.
The number of active listings in Northeast Florida for March 2022 dropped more than 10%, fueling a drop in days on market to just 32 days, even lower than last month's 36 days. Compared to last March, that's a decrease in time on the market of almost a third. Don't be fooled by sales being down by over 10% compared to this time last year—the demand is stronger than ever, it's just that there aren't as many homes on the market to buy.
The scramble for the available homes has caused the median home price to rise by almost 28% year-over-year.
Currently, the market has less than 1 month of inventory available. A balanced market is considered one that has four to six months of inventory, so it's easy to see how such a drastic difference favors sellers. It's important to remember the market climate when looking for a new home or considering the sale of your current home in Northeast Florida.
The average 30-year fixed mortgage rate has increased to 4.67%, a 1.5% increase over last March, but this isn't as shocking as it might seem. In 1981, the average 30-year rate was over 18%, and it's been decreasing ever since. It's entirely possible that the market has simply reached the practical bottom. It's important to keep things in perspective!
What's Up Next? Forecasting the Northeast Florida Real Estate Market
February was hot, March was scorching; it's almost certain that next month will continue to be an excellent time for home sellers in Northeast Florida. Curious what your current Northeast Florida property's value is? We can give you a <a href="https://www.floridarealestatecentral.com/sellers/free-market-analysis/">free market analysis</a> to help you see how your home stands up to other homes for sale.
Jump into the Northeast Florida Real Estate Market With The Marganon Group at RE/MAX Sterling
Because the real estate market is always changing, it can be challenging to keep up with the trends. Periodically check back or reach out to The Marganon Group at RE/MAX Sterling to stay on top of the latest real estate news.
Jacksonville, FL Real Estate Market Statistics: New for March 2022
As we move into this new month, we can see signs that the Northeast Florida real estate market continues to be red-hot, with just 1.05 months of inventory available and the average days on market having decreased year-over-year by 21.7% to just 36 days. For comparison, a balanced market usually has four to six times that much inventory. We're going to discuss what that means for buyers and sellers, so read more to learn about the real estate market in March 2022.
Inventory remains tight due to decreasing new listings and increasing demand in Jacksonville, FL in February 2022. Year-over-year, new listings have decreased by 4.7%, driving a drop in closed home sales compared to this time last year and an increase in median sales price to $326,000, an increase of a whopping 23.5%. It's a great time to be a seller in the Jacksonville real estate market.
However, while the Northeast Florida real estate market may be tight, mortgage interest rates have also dropped by a quarter of a percent. This is great news for homebuyers, as this drop increases their purchasing power.
What to Expect From the Jacksonville, FL Real Estate Market in Coming Months
Taking the current data into consideration, we predict the coming months will continue being a hot market favoring sellers. However, it's important to keep an eye on factors like inflation and appreciation to determine the best time to buy or sell your Jacksonville, FL property. Ready to find out the value of your Jacksonville, FL property? Receive a <a href="https://www.floridarealestatecentral.com/sellers/free-market-analysis/">free market analysis</a> to discover how your home compares to others on the market.
Looking to Buy or Sell Your Home? Let The Marganon Group at RE/MAX Sterling Help You Navigate the Jacksonville, FL Real Estate Market
It can be hard to keep track of the latest trends with the real estate market always changing. Keep checking back or <a href="https://www.floridarealestatecentral.com/contact/">contact The Marganon Group at RE/MAX Sterling now</a> to stay up-to-date with the latest real estate news.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.2022-08-22T04:30:00-07:002022-08-22T10:42:15-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:151974 Steps to Buying a New Construction Home<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/how-to-plan-a-new-construction-home.jpg" alt="How to Buy a New Construction Home" width="475" />Building a new construction home may sound like a challenging process. However, breaking the process down into simple steps can make the process overall easier. The following information can guide homebuyers through the process of buying the land, choosing a builder, and determining which home features are most important for their future home.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Make a List of Must-Haves
Before beginning to look for a <a href="https://www.realfx.com/georgetown/georgetown-new-construction-homes/">new construction home</a>, in addition to researching mortgage options, home buyers need to make a list of must-haves. Some home buyers prioritize features like a backyard pool for recreation, a large yard for gardening, or a home that is relatively small and easy to maintain.
Often, home buyers must know their goals for the future before creating a list of must-haves. This may involve having discussions about how long they want to live in the house, whether they will have pets, and so on. Having these discussions before building can help ensure that the house they build will meet their needs for a long time to come.
Establish a Budget
Before moving forward with shopping for land or discussing a home with a builder, home buyers need to establish a budget. A thoughtfully made budget can help home buyers purchase a home they can afford without committing themselves to monthly mortgage payments that they may not be able to afford in the future.
To make a budget, home buyers must start by contacting lenders. Good lenders can help home buyers shop around for a <a href="https://www.investopedia.com/terms/c/construction-mortgage.asp#:~:text=A%20construction%20mortgage%20is%20a,it%20becomes%20a%20standard%20mortgage." target="_blank">construction mortgage</a> to help them buy a home. Getting pre-approved can help buyers determine the maximum they would be qualified to borrow and how much they would have to pay each month if they borrowed the maximum. This can help buyers decide how much they can afford to borrow.
Choose the Land
When choosing land, home buyers should consider various factors, including location, nearby services, commute time, view, amenities, and environmental quality. Home buyers should get a professional inspection of the property before making an offer to buy. Land inspectors can examine air quality, water quality, soil contaminants, and more.
Select a Home Builder
The chosen home builder will have an impact on the quality and appearance of the home. When choosing a home builder, the home buyer needs to check their builder's license and certifications to ensure the builder is qualified to build homes. It's also important for the home buyer to check their builder's references to ensure that the builder has a history of constructing quality houses. Other tips include:
Interviewing multiple builders
Checking the builder's portfolio
Reading the builder's contract thoroughly before signing
By taking an organized and logical approach to constructing a new home, buyers are more likely to have good results. Knowing what they want before they set out to build will help them spend their money wisely. Creating a budget before hiring a builder and buying a piece of land can prevent them from overspending or committing to something they really can't afford. And finally, finding the right contractor can help ensure that the home is well-constructed.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.2022-08-21T10:52:00-07:002022-10-14T07:51:46-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:25123What Every Homebuyer Needs to Know Before Buying Waterfront Property<img src="/userFiles/1782/image/what-to-know-waterfront-property.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Questions to Ask Before Buying Waterfront Property" />
When it comes to the best places to buy a home, <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-waterfront-homes/" title="Jacksonville Waterfront Homes For Sale">waterfront homes for sale</a> are some of the most desirable in the country. Investing in waterfront property will offer you an everyday retreat and escape from the hustling and bustling of the city. Looking for <a href="https://www.floridarealestatecentral.com/blog/tips-for-first-time-waterfront-property-buyers/">tips for buying your first waterfront property</a>? Keep reading to learn about the questions you should ask before buying a waterfront home.
Can You Build The Waterfront Home You Want?
Although a waterfront property typically grants seamless access to the water, it is subject to riparian regulations from local and federal agencies. That means, depending on the <a href="https://www.jimersonfirm.com/blog/2015/08/riparian-rights-in-florida-florida-law-concerning-docking-and-wharfing/" target="_blank">riparian rights</a> the area is subject to, you might not be able to build docks or piers without inquiring or having proper permits. In states like Florida, if the land underwater was covered by navigable water when the state was incorporated, then generally speaking the state owns and has control over it. That means even with full riparian rights, the privilege to set up a dock or any other structure on the waterfront remains subject to public ownership, and the property owner should seek permits first before constructing anything.
These regulations also may be updated from time to time. So, before buying a waterfront property, find out whether you have riparian rights, and if so, can you build whatever you want? If not, consider whether you'd still be interested in the property.
You can inquire from the seller or find out yourself by reviewing a map of the public lands survey system to determine whether the land below water on your waterfront property is considered navigable. Some regulations limit what one can build on their waterfront and how a home can be remodeled.
Are Boats Allowed at The Waterfront Property?
Waterfront homes have different shorelines and water characteristics. How you use it often depends on the size and type of waterway. For instance, large vessels and watersports like waterskiing might not be the best idea with riverfront properties if the water is too shallow. In other cases, properties may feature a soft shore bed while others are sandy, weedy, or muddy. Some properties may be less than ideal for swimming or other watersports and boating since boats will be more prone to running aground.
Also, in some neighborhoods, even waterfront property owners with full riparian rights cannot fish wherever they want due to ecological regulations. Water vessels like speed boats might not be allowed in some communities due to HOA regulations. And due to the condition of the water in specific neighborhoods, you'll find that some boats aren't allowed. For instance, some waterfront properties might have a high tide season and turbulent waters, making them dangerous for casual boaters to use small vessels like kayaks since they're not strong enough to withstand the current. So, before you close that deal, inquire about the water and shoreline conditions, whether there are regulations regarding speed and size of the boat, and where one can or cannot fish. Also, how is the access point? If the shallows have a steep drop-off, you might need a trailer to find a good access point.
How Old Is the Seawall Near the Waterfront Property?
<img src="https://assets.site-static.com/userfiles/1782/image/waterfront-homes-boats.jpg" alt="Waterfront Homes with Boats" style="display: block; margin: 0 auto 20px auto;" />Most waterfront properties usually feature a seawall. It protects the property's land and even the structure itself from land erosion. It also helps <a href="https://dameasyfloodbarriers.com/a/blog/flood-barriers-for-doors-the-3-ways-to-protect-your-house-from-flooding" target="_blank">prevent flooding</a> due to water level changes or storms. The best part? It doesn't take up as much of your property space as dikes and is cheaper to set up compared to shoreline protection structures like dikes.
However, an old seawall can quickly turn into a money pit since it's often quite expensive to maintain. So ensure you inquire about the age of the seawall before you buy an oceanfront property. If possible, have a licensed contractor inspect it to ensure it won't turn into a liability anytime soon.
How Private is the Waterfront Property?
Enjoying beautiful, unobstructed <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-water-view-homes/" title="Jacksonville Water View Homes For Sale">ocean views</a> from all the rooms in the house is among the top reasons people buy waterfront homes. But if the property is located near a public beach, it could be noisy and subject to heavy boat traffic, conversely spoiling your peace and privacy. This is especially the case if your property is expansive. If you prefer a secluded oasis over a high-energy environment, ask how private the area is to avoid getting stuck with a property you'll actively want to get rid of from the moment you settle in.
Is There a History of Flooding?
When considering buying a waterfront home, it is important to research the property's flood history. Homebuyers can obtain this information from the county clerk's office, their real estate agent, or directly from the previous owner. It is important to know if a property has a history of flooding because insurance companies may charge a higher rate for coverage.
Even if a home has been repaired after a flood, there may still be damages that can't be seen. For example, the foundation may have been weakened, or there could be mold or mildew present. These are also examples of why all homebuyers should always have a professional home inspector take a look at the property during the option period.
If the home has flooded before, it's also important to consider a plan for if it floods again. For example, will you have somewhere to go if you need to evacuate? If the property is in a mandatory evacuation zone, does it come with a flood-proofing plan?
Keep in mind that even if a home has never flooded before, that doesn't mean it's completely safe from flooding. Heavy rains and hurricanes can cause flash flooding, which can occur anywhere. However, the risk of flooding shouldn't deter you from buying the waterfront home of your dreams—it just means there are extra considerations to make.
Ask the Right Questions About Waterfront Property in Your Area
<a href="https://longdistancemovers.com/house-hunting-tips" target="_blank">Buying an estate</a> on the water and personalizing it with <a href="https://www.floridarealestatecentral.com/blog/essential-home-purchases-for-waterfront-properties/">essential home purchases for waterfront properties</a> is undoubtedly exciting. However, without proper research, your source of excitement may soon turn into an expensive asset that doesn't suit your needs. Doing your research and asking the right questions before you close will save you stress and help you purchase a waterfront home you'll be pleased with for years to come.
2022-08-18T08:05:00-07:002022-08-18T10:23:57-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:25197Beach House Must-Haves: 5 Upgrades Your Waterfront Home Needs<img src="/userFiles/1782/image/waterfront-home-necessities.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Must-Have Waterfront Home Amenities" />
Buying waterfront homes is exciting, but getting the most out of it requires careful planning. <a href="https://www.floridarealestatecentral.com/blog/home-improvement-projects-with-high-roi/">High-ROI home improvements</a> should be a priority for all homeowners. However, waterfront property owners can use upgrades to boost their home values and transform their space into a paradise by the water. Constructing a dock for a boat, building a beach firepit, decorating with outdoor furniture, and installing an outdoor shower can help complete the everyday experience. Keep reading to learn about essential upgrades that every <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-waterfront-homes/" title="Jacksonville Waterfront Homes For Sale">waterfront property</a> owner needs.
Build a Dock and Sail into the Sunset
Many waterfront homes would feel incomplete without a dock. <a href="https://www.floridarealestatecentral.com/blog/questions-to-ask-before-buying-waterfront-homes/">Ask before buying your waterfront property</a> to make sure the planned or existing pier falls within local regulations, and it's well worth the effort to do so. A dock can provide easy access to the water, and numerous kinds of boats can call them home, allowing for all sorts of backyard watersports.
Check which governing bodies regulate construction on the body of water in question. In many cases, smaller docks may not need a permit. If it is 1,000 square feet or less, will not be used for commercial purposes, and is not in specially protected waters, the dock may be exempt. However, the pier will likely need a permit if it needs to pass through wetlands to reach the deep water.
While smaller docks are fine for small vessels, a larger boat may require a larger permitted dock. Deciding early on what kind of boat will use it can help determine what sort of dock is appropriate. When purchasing a boat, there are numerous factors to consider, such as how to use it, where to use it, and how many passengers will enjoy the ride. From jet skis to fishing boats, plenty of watercraft can help complete a waterfront home.
Install a Waterfront Firepit & Pick Up Some Marshmallows
Building campfires and grilling on the beach can be a fun way to experience a beachfront property, but it's always best to verify the local regulations before sparking a flame. Some beaches don't allow open fires at any time. However, other beaches offer seasonal permits, and still others allow gas grills for cooking.
Campfire seasons for beaches where sea turtles are known to nest generally don't last long, because most cities don't allow open fires during nesting season to help preserve the sea turtles' population. Luckily, the permitted periods on these beaches usually coincide with mild, cool winters.
Even if a specific beach prohibits open fires of any kind, it's worth looking into the specifics. Sometimes, even when fire pits are prohibited, charcoal or gas grills of certain sizes can be used for cooking. On your private property, <a href="https://blog.lakefrontliving.com/designing-a-lakeside-fire-pit/">designing a waterfront fire pit</a> can make any night special.
You'll Definitely Want Outdoor Furniture
<img src="https://assets.site-static.com/userfiles/1782/image/outdoor-furniture.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Waterfront Home Outdoor Furniture" />What waterfront home would be complete without a comfortable way to enjoy the view? Outdoor furniture provides ripe opportunities for soaking up the sun, enjoying the sea breeze, and savoring gorgeous <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-water-view-homes/" title="Jacksonville Water View Homes For Sale">waterfront views</a>.
It's a good idea to get outdoor furniture that can withstand the humidity, salt air, and sun so that it lasts longer. High-density polyethylene (HDPE) lumber offers impressive weather resistance, thus making it a solid choice for outdoor furniture. Although metal is a popular material choice for outdoor furniture, HDPE lumber tends to fare better in coastal environments, where salt and moisture can cause metals to corrode more quickly. Additionally, HDPE resists warping due to water damage, unlike porous materials like wood. HDPE also contains UV-inhibitors that can prevent outdoor furniture from fading in the sun, thus ensuring it looks fresh for years to come.
Outdoor furniture can help complete all sorts of outdoor spaces, turning them into relaxing living rooms, dining rooms, or lounges. Sofas and rocking chairs work well with coffee tables and end tables in creating a cozy outdoor living room overlooking the water. Meanwhile, an outdoor dining room might consist of a small dining set or can include an outdoor bar or counters. A sunny deck can benefit from a chaise set to soak up the rays. Finally, a fire pit table and chairs can provide a space to warm up when the temperature cools down at night.
Consider Installing an Outdoor Shower
An outdoor shower can be a great addition to any home, but having one is especially useful for a waterfront home. After a long day enjoying the beaches or the river, an outdoor shower can conveniently rinse off all the sand and mud before it gets tracked into the house. Outdoor showers come with tons of options, thus making it easy to customize them.
It's a good idea to start by considering where and how to install an outdoor shower. Outdoor showers can be freestanding or mounted on a wall, fence, or other solid structure, meaning they can go just about anywhere. However, they also need plumbing and a drainage system. A cold shower requires just one inlet, while a warm one will need two to allow for hot and cold water connections.
Although it may require less work to choose a space that already has sufficient privacy, it's possible to create a secluded shower enclosure just about anywhere. This solution might be as simple as installing a shower curtain rod or constructing a more elaborate structure.
Outdoor showers come in all sorts of styles and offer numerous features. While a simple showerhead or foot spray can get the job done, shower panels with body jets and hand sprays can provide a more luxurious experience.
Build an Outdoor Kitchen for the Ultimate Entertaining Space
Adding an outdoor kitchen to a home is a great way to enjoy the outdoors while still being able to prepare and serve food. Outdoor kitchens are becoming increasingly popular, as they offer homeowners the ability to entertain guests and cook outdoors and enjoy spending more time outdoors. There are many benefits to adding an outdoor kitchen to a home, including:
Increased Home Value: An outdoor kitchen can add significant value to a home. If you're thinking of selling your home in the future, an outdoor kitchen will make it more attractive to potential buyers.
More Entertaining Space: An outdoor kitchen provides additional space for entertaining guests. You can host parties and gatherings without having to worry about crowding inside your home.
Opportunities to Enjoy the Outdoors: An outdoor kitchen allows you to enjoy the beauty of nature while still being able to prepare and cook food. You can relax and entertain guests in your backyard without having to worry about the weather.
Increased Storage Space: An outdoor kitchen can provide additional storage space for your outdoor cooking and entertaining supplies. This is especially helpful if you have a small kitchen inside your home.
Improved Functionality: An outdoor kitchen can improve the functionality of your home by providing an additional area for cooking and entertaining. If you spend a lot of time outdoors, an outdoor kitchen can make your life much easier.
There's nothing like cooking under the stars and gazing out onto the waterfront. Whether you're whipping up a quick meal or hosting a large gathering, an outdoor kitchen is the ultimate entertaining space. With so many benefits, it's no wonder that outdoor kitchens are becoming so popular.
Making the Most of a Waterfront Home
Whether by beaches, lakes, or rivers, there are plenty of impressive waterfront homes offering great views and easy water access. Building a dock, having a beachside campfire, acquiring outdoor furniture, and installing an outdoor shower are great ways to take advantage of everything a waterfront home can offer. A <a href="https://www.floridarealestatecentral.com/blog/tips-for-first-time-waterfront-property-buyers/">tip for first-time waterfront property buyers</a>: begin with the end in mind. As soon as you buy your home on the water, start planning and executing the home upgrades to make it your own.
2022-07-11T07:22:00-07:002022-07-11T14:03:32-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:285954 Jacksonville Gated Communities Located Less Than 30 Minutes From Downtown<img src="/userFiles/1782/image/jacksonville-gated-homes-near-downtown.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Jacksonville Gated Communities Close to Downtown" />
Jacksonville is the largest city in America in terms of its geographic area, so <a href="https://www.floridarealestatecentral.com/blog/downtown-driving-jacksonville/">commuting downtown</a> from a <a href="https://www.floridarealestatecentral.com/blog/best-jacksonville-suburbs/">Jacksonville suburb</a> can be a challenge in a town this size. Fortunately, the <a href="https://www.floridarealestatecentral.com/jacksonville/" title="Jacksonville Homes For Sale">city of Jacksonville</a> has many gated communities just a short distance away from downtown Jacksonville. Read on to learn about four Jacksonville gated communities close to the downtown area.
Tamaya
The <a href="https://www.floridarealestatecentral.com/jacksonville/tamaya/" title="Tamaya Homes For Sale">Tamaya gated community</a> is just a short 22-minute drive from the heart of <a href="https://www.floridarealestatecentral.com/jacksonville/downtown-jacksonville/" title="Downtown Jacksonville Homes For Sale">downtown Jacksonville</a>. Buyers can purchase a custom home in Tamaya in one of three styles—Mediterranean, Tuscan, or Spanish—starting in the $500,000 range. A 24-hour security station mans Tamaya's main entrance, providing residents with added peace of mind.
In addition to new elegant homes, Tamaya has numerous walking paths and small lakes within its boundaries. A 10,000-square-foot resident center provides a gathering place for community meetings and social activities. The Residents Club has a pair of cabana-style pools, a playground area, and basketball and tennis courts. Residents can reserve the Club for special events like weddings or group gatherings.
Both lakefront and conservation home sites are available, and the area has approximately 500,000 square feet of expansion space for future retail and commercial businesses. Tamaya is also just a six-minute drive away from the beach.
The Tamaya <a href="https://www.floridarealestatecentral.com/blog/jacksonville-gated-communities-with-great-amenities/">Jacksonville gated community offers amazing amenities</a>, a big draw for current and future residents.
Edison
<img src="https://assets.site-static.com/userfiles/1782/image/edison-kitchens.jpg" alt="Edison Features Homes with Designer Kitchens" style="margin-bottom: 30px; display: block; margin-left: auto; margin-right: auto;" />
The <a href="https://www.floridarealestatecentral.com/jacksonville/edison/" title="Edison Homes For Sale">Edison community</a> is one of Jacksonville's finest gated luxury home communities. It's about a 20- to 25-minute commute from Edison to downtown. Home prices in this community start at approximately $480,000.
Edison homes feature designer kitchens with stone countertops, new appliances, and more. Spacious master bedrooms have elegant spa-inspired bathrooms. Each house has a beautiful great room with expansive windows to take in the local views and provide plentiful natural light.
The Executive Collection of homes in Edison are one- and two-story homes ranging from 2,000 to 2,650 square feet. Homes feature the latest <a href="https://www.floridarealestatecentral.com/blog/smart-home-improvements/">smart home technology</a>, including keyless front door entry and numerous WiFi-controlled amenities.
The Edison community currently has a dog park and a covered playground for residents only. Additional amenities inside the gates are planned for the future.
Ready to live in a Jacksonville gated community? View all <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-gated-community-homes/">Jacksonville gated community homes for sale</a>.
Pablo Cove
The <a href="https://www.floridarealestatecentral.com/jacksonville/pablo-cove/" title="Pablo Cove Homes For Sale">Pablo Cove community</a> is a short drive east of downtown. The typical commute between the community and downtown takes just over 20 minutes. This beautiful gated community is near the Intracoastal Waterway and minutes away from multiple <a href="https://www.floridarealestatecentral.com/blog/best-beaches-near-jacksonville/">Jacksonville beaches</a>. Buyers who want to live in this community choose between eight floor plans for two-story <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-townhomes/" title="Jacksonville Townhomes For Sale">townhomes</a>.
The centralized community center in Pablo Cove has a resort-style pool and fitness center for residents only. A recreational lawn is available with various lawn games for group fun. An area for outdoor barbecues is just a stone's throw away from a local lake. Retail shopping, grocery stores, banks, and medical facilities are just a few minutes away outside the community's gates.
Pablo Cove also has three golf courses nearby. Oceanfront Park along the Jacksonville Beach is just five minutes east, with playground equipment and other amenities for an outing next to the ocean. The community is also just a short distance from the Jacksonville Airport.
Kettering at eTown
Located northeast of Jacksonville near Blount Island, the Kettering at eTown gated community will feature 286 homesites when completed. The community is about 25 minutes away from downtown Jacksonville.
Custom home prices in Kettering range from approximately $300,000 to $550,000. The sizes of these custom homes can range from 1,200 square feet to 3,000 square feet, and there are nearly 20 floor plans available for the development, so buyers have many options to choose from.
Kettering at eTown will also have a non-gated portion of the neighborhood, which will feature <a href="https://www.energy.gov/eere/buildings/zero-energy-ready-homes" target="_blank">Zero Energy Ready Homes</a>™ from a separate developer. These homes will have Indoor Air-Plus and ENERGY STAR certifications from the EPA.
Kettering's gated community home section will eventually have a covered cabana, among other amenities. Dog lovers will enjoy this community because it has plans for multiple dog parks, accessible ponds, lakes, and private green spaces. The community will also be on the edge of St. Johns River, where it flows into the Atlantic Ocean, so the opportunity for sailing and other <a href="https://www.floridarealestatecentral.com/blog/best-water-activities-jacksonville/">Jacksonville water activities</a> will be a dream come true for many homeowners.
Find Beautiful Gated Homes near Downtown Jax
Buyers can find everything from starter homes to luxury <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-waterfront-homes/" title="Jacksonville Waterfront Homes For Sale">waterfront homes</a> inside these gated communities in Jacksonville, Florida. Each community offers unique charm, <a href="https://www.floridarealestatecentral.com/blog/pros-cons-guard-gated-or-unmanned-gated-community/">guard-gated or unmanned security</a>, and proximity to downtown Jacksonville and beaches.
2022-04-21T08:01:00-07:002022-04-28T11:58:55-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:284914 Jacksonville Gated Communities With Amazing Amenities: Pools, Golf Course Views & More<img src="/userFiles/1782/image/jacksonville-gated-communities-with-amenities.jpg" style="display: block; margin: 0 auto 20px auto;" alt="Great Amenitiets Offered by Jacksonville Gated Communities" />
The <a href="https://www.floridarealestatecentral.com/jacksonville/" title="Jacksonville Homes For Sale">city of Jacksonville</a>, located about 45 miles north of the <a href="https://www.floridarealestatecentral.com/st-augustine/" title="St. Augustine Homes For Sale">city of St. Augustine</a>, sits in the upper northeast corner of the state near the Georgia-Florida state line. Jacksonville has more than 930,000 residents, 22 miles of beaches, the largest urban park system, and dozens of gated communities offering a range of amenities for residents.
Stand-out gated communities typically have excellent amenities, often setting these neighborhoods apart. Usually, the community amenities are private and offer luxury and resort-style living. Residents may enjoy living steps away from private walking trails, high-tech fitness centers, and lush golf courses complete with full clubhouse privileges.
Interested in <a href="https://www.floridarealestatecentral.com/blog/moving-to-jacksonville/">moving to Jacksonville</a> or considering a <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-gated-community-homes/" title="Jacksonville Gated Community Homes For Sale">gated community home</a> in the area? Read on to discover four of Jacksonville's best gated communities offering their residents top-tier amenities.
Tamaya
The <a href="https://www.floridarealestatecentral.com/jacksonville/tamaya/" title="Tamaya Homes For Sale">Tamaya neighborhood</a>, established in 2014, can be found about 12 miles east of <a href="https://www.floridarealestatecentral.com/jacksonville/downtown-jacksonville/" title="Downtown Jacksonville Homes For Sale">downtown Jacksonville</a> on Beach Boulevard between Kernan and Hodges boulevards. The gated community features 2,400 homes by ICI Builders. Tamaya homes usually have three to six bedrooms, approximately 1,800 to 4,500 square feet, and may list from about $600,000 to $1.6 million. Architectural styles include Tuscan, Mediterranean, and Spanish. Enter Tamaya through the grand entrance with its two-story gatehouse, which is staffed for security.
Tamaya offers resort-style living with on-site luxury amenities. The 10,000-square-foot Amenity Center located along the lake near the main gates has:
A state-of-the-art fitness center
Tennis courts
Two pools, one with zero entry and one with lap lanes
A cabana
An event lawn
Event space for meetings, casual gatherings, and other activities
Tamaya stands out when looking to buy a home in a luxury Jacksonville community. In addition to the spacious homes and resort-style amenities, Tamaya offers a central location near <a href="https://www.floridarealestatecentral.com/blog/jacksonville-schools-guide/">Jacksonville's schools</a>, shopping, Patton Park, and the Pablo Creek Regional Library. Tamaya is only 20 minutes from the <a href="https://www.floridarealestatecentral.com/neptune-beach/" title="Neptune Beach Homes For Sale">Neptune Beach community</a>.
The Tamaya Vision Center and model home row are on Danube Court.
ETown
The master-planned <a href="https://www.floridarealestatecentral.com/jacksonville/etown/" title="ETown Homes For Sale">ETown community</a> opened in 2019 and is designed to feature 1,700 homes. It's located on 1,500 acres east of Highway 9B with easy access to Interstates 295/95. ETown has been designed as a smart community with sustainable living features. There are six distinct neighborhoods: the <a href="https://www.floridarealestatecentral.com/jacksonville/del-webb-etown/" title="Del Webb ETown Homes For Sale">Del Webb area</a>, the <a href="https://www.floridarealestatecentral.com/jacksonville/edison/" title="Edison Homes For Sale">Edison community</a>, Kettering, the <a href="https://www.floridarealestatecentral.com/jacksonville/etown-at-marconi/" title="ETown at Marconi Homes For Sale">Marconi community</a>, Newton, and the <a href="https://www.floridarealestatecentral.com/jacksonville/etown-at-nobel/" title="ETown at Nobel Homes For Sale">Nobel community</a>.
The Del Webb Active Adult Community homes have approximately 1,300 to 3,700 square feet. This area of ETown has amenities that include a clubhouse with a fitness room and spa, plus a pool and courts for tennis, pickleball, and bocce ball.
Edison offers 14 home designs from 2,500 to 4,400 square feet. Amenities include a pavilion, playground, and dog park.
Kettering features Zero Energy Ready Homes ranging from about 1,500 to 2,700 square feet. Gated <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-townhomes/" title="Jacksonville Townhomes For Sale">townhomes</a> are also in this neighborhood. A central park is the main amenity.
Marconi is a gated community with architectural styles that include farmhouse, coastal, and craftsman features. Floor plans offer about 1,900 to 3,100 square feet.
Newton is one of the newest neighborhoods in ETown. It's gated and features luxury townhomes plus a swimming pool and cabana.
Nobel is another gated neighborhood within the community. Its homes vary but offer floor plans of about 1,500 to 2,500 square feet.
Within the ETown community is <a href="https://www.etownjax.com/amenities" target="_blank">Recharge</a>, a five-acre amenity area with:
Zero-entry, resort-style pool
Lap pool with three lanes
High-tech fitness center
Rooftop patio
Outdoor yoga lawn
Playground
Lakeside dog park
Homes in ETown may start at about $300,000 and list for more than $1 million. Builders include David Weekley Homes, ICI Homes, Providence Homes, Pulte Homes, and Toll Brothers.
Liking the sound of these great communities? See all <a href="https://www.floridarealestatecentral.com/jacksonville/jacksonville-gated-community-homes/">Jacksonville gated community homes for sale</a>.
Jax Golf & Country Club
<img src="/userFiles/1782/image/spa-in-gated-community.jpg" style="width: 100%; margin-bottom: 20px;" alt="Some Gated Communities Have Spas as Featured Amenities" />
The <a href="https://www.floridarealestatecentral.com/jacksonville/jax-golf-cc/" title="Jax Golf & Country Club Homes For Sale">Jax Golf & Country Club community</a> features more than 1,000 homes built between 1989 and 2000. The gated community sits about 20 minutes southeast of downtown Jacksonville near Highway 90 and within easy access of Interstate 295. The community is in the <a href="https://www.floridarealestatecentral.com/zip-codes/32224/" title="32224 Homes For Sale">32224 zip code</a> at Hodges and Beach boulevards.
Developed by the Arvida Corporation, Jax Golf & Country Club homes typically range in price from about $500,000 to more than $1 million. The properties have three to six bedrooms, two to five bathrooms, and about 1,900 to 5,700 square feet of living space.
Golf and country club living is what it's about in this community. In addition to the large community park with playground, fitness course, baseball field, and basketball court, residents can enjoy the amenities at the <a href="https://www.jaxgcc.com/" target="_blank">Jax Golf & Country Club</a>. Amenities include:
A 26,000-square-foot clubhouse
Fitness center
Ten lighted, HAR-TRU tennis courts
Spa
Junior Olympic heated pool with Poolside Snack Shack
Three dining options: the Casual Dining Room, Mulligan's Adult Bar, and Alki's Down Under Cafe
The Jax Golf Course is an 18-hole, par 72 course designed by Clyde Johnson.
Tidewater
On the northeast side of Jacksonville near the Timucuan Preserves is the <a href="https://www.floridarealestatecentral.com/jacksonville/tidewater/" title="Tidewater Homes For Sale">gated community of Tidewater</a>. Developed by ICI Homes and American Home Builders, the Tidewater community sits along Cedar Point Road and the shores of Clapboard Creek. The freshwaters of Clapboard Creek flow into the St. Johns River.
Tidewater features Florida plantation-style homes that may list from about $450,000 to $1.2 million. There are three lot sizes and multiple floor plans with approximately 2,000 to 3,300 square feet.
Tidewater's spectacular natural setting and luxury amenities stand out from other communities. Residents have access to a nature park for walks and relaxation, plus a community clubhouse with multiple amenities. Tidewater offers a large fitness center, swimming pool, playground, and basketball courts.
Tidewater is about 20 miles northeast of downtown Jacksonville with easy access to Interstate 295, A1A, and Blount Island.
Amenities Help a Gated Community Stand Out
It's time to give a gated community a try, and Jacksonville may be an ideal location. Gated communities offer various levels of <a href="https://www.floridarealestatecentral.com/blog/home-security-options/">home security</a>, on-site services, architectural styles, price points, and amenities. Amenities ranging from golf courses to lighted tennis courts, miles of nature trails, restaurants, pools, spas, and fitness centers elevate these communities to something special. It's the amenities that make each stand out. If resort-style or luxury living is a must-have, then a Jacksonville gated community is a must-see.
2022-04-15T03:35:00-07:002022-04-15T06:46:21-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:16390How Transit, Drive Times, Public Transportation, & Nearby Roads Should Factor into Buying a Home<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/how-drive-times-affect-buying-a-home.jpg" alt="Remember to Consider Drive Times and Transportation When Buying a Home" width="475" />Location is everything when buying a home. Even if a house is perfect in every other way, poor access to public transportation options or long drive times could become a challenge. For this reason, home buyers must weigh all the factors before committing to the purchase to make sure they're getting the right place for their needs.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Drive Times
When commuting, long drive times can impact a homeowner's quality of life. In order to make sure the home they're considering doesn't tack a long commute onto their day, buyers can run the numbers well before putting in an offer. For example, they can input the home's address into a map and find the drive times to their work, school, or other daily destinations. Then, they can measure it against their current commute to make sure it won't be too long.
Public Transportation
Even if home buyers currently have a car, it's important for them to know what public transportation options are around the homes they might buy.
To find out if public transportation is readily available, home buyers can look up the bus and train schedules for their city. Then, they will want to find the closest pickup and drop off locations to the home they might want to purchase. They should also look at the pickup and drop off times to see if they align with their schedule.
Other Transit Options
Other transit options can work, but only if they are available. Using the addresses of their ideal homes for sale, home buyers can look at local taxi companies and rideshare providers to see if transit is available there. Buyers should also make sure that regular or occasional rides will work with their budget.
If none of these investigations reveal ideal results, home buyers may want to adjust their search area while looking for homes for sale.
Nearby Roads
<a href="https://www.investopedia.com/articles/investing/020117/pros-and-cons-buying-house-main-road.asp" target="_blank">Nearby roads</a> also have an impact on the homeownership experience, so they are well worth considering. While deciding whether to put in an offer on a property, home buyers should look at a map and visit the location to see what roads are around.
During their visit, they can watch the traffic moving through the area to see if the neighborhood is used as a regular passthrough, and to see if any times of the day get heavy traffic.
Beyond that, buyers should also look at where the local freeway access points are in relation to each home. When it comes time to drive onto the freeway, it is beneficial to have on ramps within at least a few miles of the home. Otherwise, it could take even longer to get to destinations that require a trip on the freeway.
By taking all these factors into account, it's easy for buyers to find the ideal location to purchase a home. Then, they can start looking in that area for a place that will meet all their needs.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.2020-12-14T05:35:00-07:002020-12-14T08:44:16-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:162144 Ways to Make the Home Moving Process Easier<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/how-to-make-the-moving-process-easier.jpg" alt="Can Moving Homes Be Easy?" width="475" />At some point in life, moving becomes necessary. Instances include moving into a first apartment, purchasing a new home, or downsizing into a smaller house or condo. When it comes time to move homes, some careful planning goes a long way.
There is no reason to procrastinate during the moving process. <a href="https://www.crosscountrymovingcompany.net/stress-free-moving/" target="_blank">Moving can be made easier and less stressful</a> with the right approach. The following information explains a few ways to help a home move go smoother.
Set Aside Time Before the Big Move
Depending on location and demand, it can be difficult to find a professional and affordable moving company. That's why it's important for anyone who is moving to start that search early. Those looking to move should get a few binding estimates to get a sense of the prevailing rates. It is also helpful to:
Ask for written confirmation of any booking
Know how much more it will cost if movers are required to pack up items
Gather all documentation related to the move in an organized space
These small tips can help with information and organization. A written confirmation of any agreement made for a specific date supports the client if issues arise, or if a company fails to show up without notice.
Those working within a strict budget may need to understand the costs involved when movers are also contracted to pack. Documents, agreements, and important numbers can easily get shuffled around or lost when boxing items up.
Start Paring Down
Not everything needs to go on the move. It is perfectly fine to get rid of or donate older and bulkier furniture. Good, usable clothing and housewares may be donated, or given to anyone interested. Those considering donating may have to schedule an appointment for pick-up. Planning early in good weather can even provide an opportunity for a fun moving sale.
Starting the process a few months ahead of a specific time allows one to go through items and decide what to throw out, keep, sell, and donate. Making the conscious decision to reduce the amount of stuff often results in decreased costs when it comes to packing up (packing materials), and getting an estimate from a mover.
Keep Contacts Handy
There is a reason to gather information on relevant creditors, professional contacts, any insurance company, and utility companies. When it comes to moving to a new home, a homeowner will need to either get new coverage or transfer existing insurance coverage. It is also important and easy to forget about canceling utilities at the current residence on a specific date and having them <a href="https://www.moving.com/tips/moving-seamlessly-with-your-utilities/" target="_blank">set up at a new home</a>.
Be Mindful About the Moving Date
About a month before the move, individuals who are packing up without the help of movers should have everything they need. Supplies often include boxes, bubble wrap, labels, and tape. Some moving companies may also offer boxes and supplies, but this may not be the most cost-effective route for those on a budget. Fragile and valuable items need to be carefully packed and labeled to avoid potential breakage or mishandling.
Ready for the Move?
Moving homes takes more than just packing up. Remember to contact the post office and have mail forwarded to the new location, and provide a change of address. As the date of the move gets closer, confirm all reservation details. With some foresight, even those who have never moved homes before can feel secure and confident on that final walk-through before driving off.2020-11-30T07:45:00-07:002021-11-19T09:28:52-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:160453 Common Home Safety Hazards<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/how-to-prevent-hazards-in-the-home.jpg" alt="What to Know About Home Safety Hazards" width="475" />There are many hazards that can cause accidents in the home. In some cases, these hazards are obvious; other types of hazards may be less so. The following information identifies three of the most common hazards around the home and how homeowners can prevent accidents from occurring.
Home Hazard #1: Hot Water
Hot water doesn't seem like it should be a danger, but it certainly can be. The best way for homeowners to protect all members of their household from hot water is to lower the maximum temperature of the hot water heater. Most experts recommend keeping the hot water heater at a temperature no higher than 120 degrees. Some hot water heaters state on the thermostat what temperature the water is being kept at. Other hot water heaters are not this specific on their thermostat settings. In this case, it's usually best to leave the water heater at the settings recommended by the manufacturer.
Home Hazard #2: Stove/Oven
Stoves and ovens can be dangerous in the home. Stoves can be turned on inadvertently by curious young hands, while the oven can cause burns when someone comes into contact with the hot surface.
There are many ways that homeowners can protect the members of their household from these dangers.
Baby-proofing knobs. Locking the knobs on the stove can help prevent a young child from accidentally turning on or up the heat on the stove.
Oven-locking mechanism. Locks for the oven can prevent the oven door from being opened, either while it's turned on or when it's not.
Earthquake straps. These straps anchor the oven to the wall, so that it cannot be pulled over.
Finally, a new type of appliance called an <a href="https://www.frigidaire.com/Collections/Induction-Appliances-Collection/What-Is-Induction-Cooking/#:~:text=Induction%20cooking%20uses%20electric%20currents,cooking%20vessel%20itself%20almost%20instantly." target="_blank">induction stove top</a> is good for households with small children because induction stove tops cannot burn hands on its own. While a hot pot on the stove can burn a child's fingers, the induction stove top itself only heats objects in special pots, like pots made from stainless steel.
Home Hazard #3: Stairs
One more type of danger in many households are stairs. To protect young children who are not yet steady on their feet, many homeowners use baby gates to keep their child away from stairs. Additionally, many homeowners will also carpet their stairs to create a cushion that can prevent anyone from having bad falls.
Improve Your Quality of Life: Make Your Home Safe
Homeowners will be more successful at keeping their home safe by making the necessary improvements to secure their house, as making these changes can prevent accidents from occurring. New homeowners should get started on these changes and upgrades as soon as possible.2020-11-16T08:14:00-07:002020-11-17T09:31:15-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:159174 Must-Have Smart Home Improvements<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/smart-home-products-that-add-value-to-your-home.jpg" alt="Must-Have Smart Products That Increase Your Property's Value" width="475" />Smart home improvements can raise a home's property value, if those home improvements are built into the home. Some smart home products, like home assistants and smart light bulbs, are too little to raise property values because they do not stay with the house when it sells.
Those looking for smart, modern home upgrades to add to their home's value can consider smart products that are built into their house to deliver the highest value. The following are five smart home improvements that can deliver high value for home buyers.
Smart Locks
Smart locks do all the things that traditional locks do, but they do them better. These locks can be controlled from the homeowner's smart phone and are keyless, which means the homeowner can use a keypad to get into their home. Smart locks can also be controlled from the homeowner's smart phone or tablet, which enables them to open their door from anywhere in the world, provided that they have access to Wi-Fi or cellular data.
Smart Smoke Detectors
Smart smoke detectors work like standard smoke detectors, but they can be monitored from the homeowner's smart phone. This means the homeowner can tell when their smoke detectors are going off, even if they're not at home. Smart smoke detectors are great for safety and convenience. The homeowner gets alerts through their phone when the smoke detector batteries are low, so they can change the batteries without an alert going off inside their home.
Smart Thermostat
Smart thermostats are impressive for many reasons, including that they can learn the homeowner's preferred room temperature. While not all smart thermostats have this function, some smart thermostats monitor the homeowner's preferred settings. Eventually, the homeowner no longer has to program the thermostat, because the thermostat will do it for them.
Some <a href="https://smarthomeworks.com.au/2018/01/04/smart-thermostat-works/" target="_blank">smart thermostats</a> also change the temperature, depending on whether the homeowner is in the home or not. In this way, smart thermostats can save the homeowner money and reduce the homeowner's energy usage.
Smart Garage Door Opener
Many homeowners have had the experience of driving away from their house and then experiencing the sudden, unpleasant fear they left their garage door open. With a smart garage door opener, there's no need to worry about this ever happening again.
Smart garage door openers connect with the home's Wi-Fi signal, so the opener can be controlled with the push of a button on the homeowner's smart phone. This is convenient for anyone who might want to let someone into their garage, even when they're not home.
Want to Raise Your Home's Value? Install Smart Products
Homeowners who want to raise their home's value can start by installing smart <a href="https://www.floridarealestatecentral.com/blog/energy-efficient-home-upgrades/">products that improve their energy efficiency</a> and make their house more convenient. The best way to get the most value out of smart products is to ensure they are properly installed. For the best results, homeowners should work with a qualified contractor to ensure these products will function properly.2020-11-09T06:21:00-07:002020-11-09T09:30:28-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:15828Home Security Options for Homeowners to Consider<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/how-to-choose-a-home-security-system.jpg" alt="Home Security Information and Tips for Homeowners" width="475" />Home security is important. Whether someone lives in a big city or in a small town, or even in a rural area far from people, it is critically important for everyone to feel safe and be safe in their home.
There are many things people can do to maintain a secure home. By installing a security system and by maintaining a safe perimeter around their home, people can protect their property.
Professional Security Systems
Professional security systems are popular because they place the responsibility for maintaining a secure home in the hands of a company that is skilled at maintaining residential security. Once a professional security system is installed in a residential property, the security company provides monitoring service for a monthly fee. If the home is broken into, the monitoring service is alerted through motion sensors, cameras, or whatever pieces of equipment they use to monitor the property.
Professional security systems can increase a home's value once they're installed. These systems are popular among homeowners who either don't have time to perform their own property monitoring, or who don't feel tech-savvy enough to set up their own DIY monitoring. Professional security systems can be very effective, especially because homes with professional security often advertise that they have professional home security monitoring.
DIY Home Security Systems
DIY home security systems are smart systems that can be installed by homeowners. DIY home security systems can consist of motion-activated cameras, motion sensors, smart video doorbell services, and other smart products. These security systems generally allow the homeowner to monitor the activity in their home via their smart phone.
DIY home security systems are becoming more popular because they're affordable and allow the homeowner to gain insight into what happens at their home while they're not there.
Security Alternatives
In addition to security systems, there are a variety of security alternatives that people can also use around their house, including:
Keep landscaping around the house trim and small.
Install <a href="https://www.familyhandyman.com/project/how-to-choose-and-install-motion-detector-lighting/" target="_blank">motion sensor lighting</a> on the outside of the property.
Place lights inside the home on timers, especially if the house is often unoccupied at night.
Avoid putting boxes for expensive products on the curb to be picked up by the garbage truck.
Install a good dead bolt.
It's also smart for homeowners to keep their windows and doors closed during the day while they're away from the home.
Finally, there are many smart behaviors that a homeowner can engage in when trying to protect their house. For example, the homeowner can avoid mentioning vacation plans on their social media pages, and can ask their trusted neighbors to watch their house when they are going away.
Protect Your Investment, Increase Your Home's Safety
There are many things that homeowners can do to protect their investment and keep their home secure, including installing a home security system and establishing good home security practices. Following these tips, homeowners can protect their investment and everything in their house.2020-11-02T05:40:00-07:002020-11-02T08:49:30-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:15652Buying a Home? Down Payment Information for Home Buyers<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/saving-for-a-down-payment.jpg" alt="How Much You Need to Save For a Down Payment" width="475" />For most people, buying a home involves making a down payment. Unless they're paying the full price up front in cash or getting a loan that does not require a down payment, they'll need to have the money saved before they start the home buying process. The following information can help home buyers determine what they should know about saving up for and making a down payment on a home.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.
Down Payments Range in Cost
Some loans require a down payment as high as 20%, while others require a down payment as minimal as 3.5%. Just how much the home buyer must pay for their down payment depends on the cost of the house, the requirements of the loan they're getting, and in many cases, their credit history. Home buyers with a poor credit history are often asked to make a higher down payment if they are able to qualify for a loan.
Down Payments Vary By Loan
The <a href="https://www.floridarealestatecentral.com/blog/types-of-mortgages/">type of loan</a> the home buyer gets will affect the type of down payment they must pay. Loans for second homes, jumbo mortgages, and conventional loans often require a 20% down payment. In the case when less than 20% is allowed, the home buyer will likely have to pay a mortgage insurance premium with their monthly mortgage payment. The monthly mortgage premium is a type of insurance that protects the lender in the event that the borrower defaults on the loan.
There are some loans that require no down payment: specifically, VA loans and USDA loans. However, not all home buyers qualify for these loans. Buyers must talk to a reputable lender to find out if they qualify.
Budget For a Down Payment Before the Home Buying Process
In order to budget for the down payment on the home, the home buyer must determine several things, including:
What type of loan they plan to get
How much they plan to pay for their house
Where they plan to buy
To start the budgeting process, it often helps when buyers talk to a lender and shop around for houses in the location where they would like to buy. A good lender can help the home buyer decide how much money (approximately) will be necessary to make the down payment. Once the buyer knows about how much they need to have saved for their down payment, they can set a goal and set aside money each month to make that goal.
Closing Costs Are a Separate Expense
An important thing to know about the home buying process is that <a href="https://www.bankrate.com/mortgages/what-are-closing-costs/" target="_blank">closing costs</a> are a separate expense not included in the down payment. Usually, closing costs are approximately 2% to 5% of the cost of the house. The closing costs are typically paid for by the home buyer, though in challenging markets, the home seller will sometimes pay.
Home buyers who would like the seller to pay closing costs should talk to their real estate professional to see if this can be realistically negotiated. If not, then the buyer will need to have the closing costs available at the close of the buying process.
Because buying a home also usually involves home improvements and moving expenses, it's important to take all of this into consideration before deciding to start the home buying process.
Contact a Reputable Lender to Get Started
Are you preparing to buy a home? Contact a reputable lender to get started with the budgeting process. Your lender can walk you through the process of determining how much you need to have saved for the down payment and closing costs.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.2020-10-19T05:24:00-07:002020-10-19T08:47:27-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:155303 Home Improvement Projects With High Return on Investment<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/high-roi-home-improvement-projects.jpg" alt="Home Improvements with the Best Return on Investment (ROI)" width="475" />Many homeowners make improvements around their house with a vague idea that they may be able to recoup a percentage of the cost when they sell the home. Unfortunately, while many home improvements increase the value of a home, few provide a high return on the investment (ROI). For homeowners contemplating upgrades and improvements, look to these projects first to receive the best ROI:
Minor Kitchen Remodels
Kitchen remodels are one of the most popular improvement options, as an up-to-date kitchen is a draw when it is time to sell. However, it's best to keep kitchen remodeling projects small to get the best return on investment. Refacing cabinets, <a href="https://www.floridarealestatecentral.com/blog/energy-efficient-home-upgrades/">upgrading appliances with new energy-efficient options</a>, and replacing countertops all have the best ROI. On average, homeowners spend around $23,000 on a <a href="https://nelsonkb.com/kitchens-on-a-budget-easy-remodeling-tips-for-under-7000-in-2021-2022/" target="_blank">kitchen remodel</a> and typically recoup around 77% of this cost.
When remodeling the kitchen, it's important to pick projects wisely. For example, a kitchen upgrade that makes a house the most impressive one on the block is unlikely to be recouped during a sale. Additionally, spending a large amount of money on items that need to be replaced often can mean that the improvement will not provide a good return on the investment. By putting most of the funds toward long-lasting items like appliances and getting creative with lower-cost alternatives elsewhere, homeowners can get the most out of every choice.
Landscaping Improvements
Landscaping is one of the few home improvement projects where homeowners can typically expect a positive return at sale. Depending on the project, homeowners can see anywhere from a 200% to 400% return on improved landscaping, but it's important they focus on projects that add curb appeal first. Reseeding or <a href="https://www.hgtv.com/outdoors/landscaping-and-hardscaping/how-to-resod-a-lawn" target="_blank">resodding the lawn</a> is a low-impact project with a high return. Adding new trees can also dramatically improve a home's value, adding anywhere from $1,000 to $10,000 to a selling price. Adding a patio or other useful outdoor area increases living space without being too expensive.
As with other upgrades, well-chosen changes make the most impact. Front yard details that can be seen from the road will have a lot of impact on the first impressions the home makes. Additionally, handling issues like trees that need to be taken down or trimmed, walkways that need repairs to be safe, and other similar issues can have the best payback.
Updated Entryway
First impressions matter during the home selling process. If a homeowner is unable to completely replace or update siding, for example, they should consider making a high-impact update to the entryway. Manufactured stone veneer is one option that can be used to make a home's entryway more dramatic and inviting. In a recent study, this update allowed homeowners to recoup nearly 96% of the cost.
If a remodel of that magnitude is not possible, then homeowners should also consider more minor changes that could make a big impact. Updated house numbers, for instance, are generally inexpensive, but can make the house more visible and inviting.
In most cases, the costs of home improvements will not raise the value of a property enough to 100% pay for themselves. For this reason, homeowners should typically look for the projects that are most likely to increase their enjoyment of the home first. Then, homeowners should look at projects that will likely affect the sale if they are not performed. For instance, an outdated kitchen can slow down a sale, while a newer one can draw more potential buyers. By picking and choosing projects wisely, homeowners can get the most enjoyment out of every update and recoup much, if not all, of their costs when it is time to sell the home.2020-10-12T05:18:00-07:002022-02-02T06:51:16-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:15473Sustainable Building Options for Real Estate Construction<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/sustainable-home-building-materials.jpg" alt="Which Sustainable Materials to Build Your New Home From" width="475" />Sustainable materials are good for the earth, and they help homeowners save money as well. Those building a <a href="https://www.floridarealestatecentral.com/blog/how-to-buy-a-new-construction-home/">new construction home</a> can use sustainable materials to improve their property's value while at the same time help keep their energy costs low. Sustainability is more important than ever, so there are a <a href="https://limaone.com/how-new-construction-loans-work/" target="_blank">variety of materials available</a> to people building new homes. Below are some of the best sustainable materials available to modern home builders.
Recycled Glass Tiles and Concrete
Recycled glass comes in all different colors and can be used in bathrooms, kitchens, and even in pools. Homeowners looking for something different and interesting can look for <a href="https://www.tileclub.com/collections/recycled-glass-tile" target="_blank">recycled glass tiles</a> that come in different shapes and unique colors, which will add interesting variations to interior and exterior surfaces, providing visual appeal that adds value to the home.
Cork Flooring
Cork is made from the bark of cork oak trees. Cork flooring can be used in bedrooms, living rooms, guest rooms, and even kitchens. It's important for homeowners to <a href="https://www.builddirect.com/learning-center/flooring/seal-cork-flooring/" target="_blank">seal their cork floors</a>, as this prevents moisture from being absorbed into the flooring. If cork flooring is sealed with polyurethane, it can easily be cleaned.
Green Insulation
Standard insulation is made from fiberglass or foam, but modern builders have found sustainable materials that perform just as well and have far less impact on the environment. For example, wool is a mold-resistant material that absorbs moisture and helps control the humidity in homes. Additionally, wool resists burning, installs easily, and lasts for a long time. As an all-natural material, wool insulation is good for the environment and a good option for modern homes.
Another example of green insulation includes recycled denim. This material is readily available, performs well, and is biodegradable.
Solar Roof Shingles
Solar roof shingles are solar panels shaped like roof shingles, so they can easily blend into other roofing shingles. Solar roof shingles have the beauty of normal roofing materials, and all the functionality of standard solar panels. While solar roof shingles are currently uncommon, they may become the next big thing in solar technology and <a href="https://www.floridarealestatecentral.com/blog/energy-efficient-home-upgrades/">energy efficient home upgrades</a>.
Cool Roof
Especially in summer, dark roofing materials can affect the temperature of the substructure beneath, which in turn can heat up the attic. A hot attic can heat the upper floors of the house, which may then require using the home's HVAC system.
A cool roof is just a light-colored roof that reflects light more than it absorbs. Cool roofing materials keep attics much cooler, which in turn leads to lower energy costs. Cool roofing materials aren't more expensive than darker roofing materials—they're just better for the environment.
Work With an Experienced Builder
Although sustainable materials are becoming more common in home construction, not all builders are experienced in working with these materials. Therefore, for <a href="https://www.landhub.com" target="_blank">land buyers</a> that plan to have a home built, it's important to find a builder that has experience working with sustainable materials in recent projects. The builder may even have experience using some materials the buyer has never considered.2020-10-05T11:55:00-07:002021-09-15T06:58:01-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:151538 Types of Home Loans and Mortgages for Home Buyers to Consider<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/types-of-mortgages-for-buyers-to-consider.jpg" alt="Types of Home Loans and Mortgages for Buyers" width="475" />Those in the market for a home—whether for personal use or <a href="https://www.floridarealestatecentral.com/blog/common-real-estate-investment-types/">as an investment</a>—may need a mortgage or loan to make that purchase viable. The following information provides details about eight different home loans for buyers to discover.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.
Conventional Fixed-Rate Mortgages
Conventional <a href="https://www.ownerly.com/mortgages/first-mortgage/" target="_blank">mortgages are used by many home buyers</a> due to their consistency, as these loan payments are steady from month to month over the years. While they are available in periods of 10, 20, 30, and even 40 years, the typical buyer opts for 30-year terms due to their affordability. However, home buyers should be prepared to pay more interest for longer-term mortgages. It is recommended for homeowners to pay more each month when they can in order to pay down the principal balance faster and reduce interest payments.
Adjustable-Rate Mortgages
This type of mortgage is commonly referred to as an ARM, and it is a bit riskier than traditional loans. The concept is that the rate changes during the duration of the loan; changes are made upon reflections in what is happening in the economy. Typically, the rate remains the same for the first five years and then is adjusted, depending on how stable the market is and how much interest has inflated or deflated over the remaining course of the loan.
Interest-Only Mortgages
An interest-only mortgage allows borrowers to pay only interest on their monthly payments for the first five or ten years. However, buyers will still have to continue to pay off the mortgage in the sense of a full conventional loan. This alternative is typically not advised by professionals or bank lenders, as the goal is to pay off a loan as quickly as possible to avoid excessive interest.
FHA Loans
Loans guaranteed by the Federal Housing Administration (FHA) are a good option for those who qualify. In general, an FHA loan requires a smaller down payment and comes with a type of insurance that protects the buyer and seller, should the buyer not find it possible to repay the loan.
VA Loans
The office of Veterans Affairs offers what is commonly called a VA loan, which exists specifically to help current and previous members of the armed forces and their spouses to buy a steady home. VA loans often don't require any type of down payment and come with a guarantee from the department of veteran affairs. Buyers who qualify for a VA loan often enjoy lower interest rates as well.
Balloon Mortgages
Balloon mortgages are somewhat risky and cost more once the interest/principal period is over. Essentially, buyers pay interest for a set period (typically 5 years) and then are responsible for paying the entire principal amount past such said period. This may not be realistic if the home is very expensive. However, investors might take this route more commonly than the average home buyer.
Combo / Piggyback Loans
This type of loan is a combination of two types of loans, and buyers might take this route to avoid paying for private mortgage insurance. Those who are unable to make a full 20% down payment might opt for <a href="https://smartasset.com/mortgage/the-pros-and-cons-of-a-piggyback-mortgage-loan" target="_blank">piggyback loans</a>.
Jumbo Loans
Jumbo loans are considered too big of a loan for the government to guarantee the purchase on, meaning that borrowers can't get the lowest interest rates available unless they can make a substantially large down payment. Unless their portfolio is very strong, and they can make the payoff happen fairly quickly, borrowers should prepare to pay a large amount of interest over the duration of a jumbo loan.
Those looking for a home loan have many options, but investing in a new dwelling should be guided by a local real estate professional who can help navigate the process. Unless a home buyer has bought a home before, they should request assistance during this process.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.2020-09-07T12:00:00-07:002022-02-14T09:22:10-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:14362Common Real Estate Investment Types<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/what-to-know-about-investing-in-real-estate.jpg" alt="Build for the Future with Real Estate Investments" width="475" />Investing in real estate is much like any other investment. The more you know, the easier it is to choose an investment that meets your needs for growth, earnings, security and liquidity. Some real estate investment, unlike stocks and bonds, is something an investor can see, visit and point to as something of value. But it is more than that, and there are pitfalls as well as promises involved in any potential real estate investment.
Varied categories of real estate include residential, commercial, industrial, mixed-use developments and retail. There is also raw land, agricultural land, forest land, land suited for recreational development, and land in the path of city and suburban growth. All of these options offer savvy investors an opportunity to make money. Beyond those basics, however, there are also numerous ways to structure an investment, either through personal, hands-on involvement, or through an entity such as a Real Estate Investment Trust (REIT) that can be much the same as owning stock. With that kind of real estate investment, the time and cost involved are very different from an investment in a single house or a strip mall. It's the opposite end of the spectrum from offering financial backing to a house flipper, or becoming involved personally in a development venture.
<a href="https://www.investopedia.com/terms/r/reit.asp" target="_blank">REITs are another way to diversify an investment portfolio</a>, offer more liquidity and less hands-on involvement, and are potentially less risky. How a person invests in real estate depends on the amount of personal involvement desired, the amount of risk one is comfortable taking, and the amount of return expected. The answers to those questions should point the direction for any venture into real estate investing. In the end, though, how you choose to invest in real estate depends partly on individual temperament as much as financial goals and risk assessment.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Comparing Risk and Return in Real Estate
Traditional wisdom still governs real estate investment, as any investor must weigh the risk and the potential return. Although real estate has typically been termed a great long-term investment, it can be shaky ground in the short term. In addition to the cost of acquisition, an investor must factor in financing and other carrying costs, taxes, expected appreciation, potential use and development costs, future sales price and capital gains liability. All are subject to change based on changing market conditions. And those conditions are sometimes extremely volatile and subject to influences over which an investor has almost no control. And, as already mentioned, funds invested in real estate are not typically recoverable on demand. For anyone who is risk-averse, investments that don't require actually taking title to land or becoming a landlord are less worrisome.
An investor can spread the risk and eliminate recurring costs by buying into an investment trust account (REIT) or another kind of group real estate investment, and they can limit exposure by putting limits on the dollar amount invested. This type of investment requires minimal oversight and less actual market knowledge. The return is likely to be relatively modest, but growth and realized return on investment is typically stable over time.
A relatively new phenomenon—Crowdfunding—can offer high returns, but it also carries relatively high risk. The short track record, a volatile economy, and liquidity concerns merit thorough investigation by potential investors. Some crowdfunding platforms are open only to accredited investors, defined as high net-worth individuals. Others have no minimum investment required, but are non-traded, and therefore bear even more risk.
The Varied Types of Real Estate
Being a hands-on investor can be greatly rewarding, and landlords have a steady income stream as well as the potential for high profits based on property appreciation. There are also long-term tax advantages to owning investment property.
A house, a high-rise, a mall or a factory? Agricultural land in the path of development, urban center buildings ripe for renovation or lake property? There is an almost unlimited variety of possible real estate investments, from a single residential lot in a prime area to hundreds of acres of pasture near a growing suburb to a share of a high-rise office building. All of them can be a good choice for the right investor.
Among the varied options are:
Houses to flip
Long-term residential rentals
Short-term vacation properties
Multi-family residential
Strip malls or small commercial developments
Office buildings
Warehouses and distribution centers
Restaurants and retail properties
Raw land
Land with build-to-suit potential
Hotels and resorts
Conference and convention centers
Recreational facilities, from mini-golf courses to special event venues
The list is almost endless. The proliferation of professional property management companies is testimony to the wealth of opportunity and the wealth to be derived from owning and leasing different types of real estate. The good news is that an investor who starts with a single property—perhaps even a duplex or four-family residential property—can join the ranks of major real estate investors in time by planning new acquisitions in a structured way, using built-up equity as collateral for new purchases. Real estate investment can be the path to a very secure future.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.2020-08-17T04:30:00-07:002020-08-17T07:31:35-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:14267Which High-ROI Energy-Efficient Upgrades Can You Add to Your Home?<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/high-roi-energy-efficient-upgrades-to-add-to-your-home.jpg" alt="Top Energy Efficient Home Upgrades with a High ROI" width="475" />When it comes to getting the biggest return on investment, or ROI, not all home improvement projects are created equal. This is especially true for energy-efficient upgrades. To add the most value to their homes while improving energy efficiency across the board, homeowners have to first figure out which renovations will pay off. To help them achieve that goal, here's a look at the top high-ROI energy-efficient upgrades.
Windows
Drafty windows can let out up to 30% of the home's heat or cool air, leading to high gas and electricity bills each month. Replacing them can save homeowners big and improve the look of their house. The largest gains come from choosing ENERGY STAR labeled windows with high performance reviews from the National Fenestration Rating Council. New windows not only make a big difference in the energy efficiency of the home, but they also offer a huge ROI of around 78%.
Doors
When it comes to curb appeal, there is nothing more striking than a brand-new steel front door in a color that complements the home's paint job. Better yet, steel doors greatly improve energy efficiency when installed at all exterior openings. The installer needs to replace the seals and caulk around the edge of the frames to keep drafts out of the equation. For each door that homeowners install, they can expect a 101% return on this smart investment.
Insulation
Much like windows and doors, <a href="https://quiktherm.com/rigid-insulation/" target="_blank">energy efficient insulation</a> can keep heat transfer to a minimum and decrease the home's carbon footprint. As more of the indoor air stays inside, the furnace and air conditioner can cycle on and off much less frequently. This decreases the amount of power the home uses to save a lot of money in the long run. Plus, with a 117% ROI rate, this improvement virtually pays for itself.
Programmable Thermostat
Turning the thermostat down at night greatly decreases power usage of the household throughout the year. For 10% savings, all it takes is a decrease of about 10 degrees for around eight hours a day. If homeowners want to make that change, then a <a href="https://www.norbord.com/na/blog/programmable-thermostats-do-they-really-save-money/#:~:text=For%20every%201%20degree%20Fahrenheit,will%20use%2010%25%20less%20energy.&text=When%20used%20correctly%2C%20programmable%20thermostats,their%20heating%20and%20cooling%20bills." target="_blank">programmable thermostat</a> is the way to go. These devices automatically adjust the temp range on the given schedule to save money while keeping the home comfortable. It is a low-cost upgrade that offers an excellent return within a year of its purchase.
Tankless Water Heaters
Conventional water heaters use tons of energy to heat up their entire tank each time someone runs the tap. If the water is not immediately used, it loses its heat and even transfers it into the room, often resulting in additional cooling costs. By switching to a tankless water heater, homeowners can avoid these problems and reduce power usage by up to 34%. If they go one step further and hook up a standalone tankless water heater to each faucet, they can save up to 50%. Depending on the household size and typical water usage, the power savings can end up paying for the system in less than five years.
Solar Panels
When households switch to solar panels, they can completely eliminate their dependency on the public power grid and even feed the excess back into the system. Although it is a big commitment, the freedom from high power bills often makes it all worthwhile. Homeowners typically receive their investment back in energy savings within seven years, then enjoy free electricity from there on out. With solar panel systems lasting up to 25 years, that is 18 more years of free power after paying off the funds spent on its install.
Energy Star Appliances
Old appliances can be true energy hogs, using far more power than necessary to get the job done. The absolute worst offenders are:
Clothes washer and dryer
Refrigerator
Dishwasher
Chest freezer
Thankfully, homeowners can pick up new models that promise to pay for themselves over time through their energy savings. To decrease their power usage the most, homeowners should select appliances with an ENERGY STAR sticker. With this move, they can save up to 30% on the power used to run their appliances. Over time, the savings will offset their purchase cost while homeowners enjoy better reliability and ease of use from having new equipment.
When completing these high-ROI energy efficiency improvements, homeowners can add value to their house while minimizing their carbon footprint. They may also save quite a bit over time by decreasing their electricity and gas bills. This not only keeps more money in the bank, but also provides true peace of mind that their power usage is as low as possible.2020-08-10T05:46:00-07:002021-11-12T11:30:11-07:00Lazaro Marganontag:floridarealestatecentral.com,2012-09-20:14184Why Is it Important to Have a Home Inspection Done?<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1782/image/why-you-should-always-have-a-home-inspection.jpg" alt="Information for Home Buyers: Why You Need a Home Inspection" width="475" />Home inspections are an important part of the home purchase process. If you're a home buyer who has put in an offer on a home and you're now in escrow, you have the opportunity to pay for an inspection on the property. Real estate inspections help you make smart choices before the negotiation process comes to a close. If you're new to the home buying experience or you've never gotten a home inspection before, here's what you need to know.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
What Happens During Home Inspections?
Home inspectors inspect every room and every floor of the home that they're being paid to inspect. They inspect major systems like the plumbing and electrical as well as the home's roof. They also inspect various working parts of the home such as the appliances, light fixtures and switches, doors and windows.
Home inspectors aren't able to tear open walls to get a better view of any systems, which means that they may not be able to see some important problems like hidden leaks. However, home inspectors are trained to notice the warning signs of a problem that may be occurring out of sight. This means that, even though the home inspector can't tear into the walls to see whether the plumbing is sound, they're likely to notice warping or bubbling paint, and other tell-tale signs that something is wrong.
During the home inspection, home buyers may be present, and their real estate agent may be present as well. The home inspector may answer questions that the home buyer asks about various systems in the house. Home buyers who want to make the most of the experience of getting an inspection should ask questions such as:
Would you buy a house that has this problem?
What would you do to repair this problem?
Is this problem urgent or can it wait a while to be repaired?
Why Are Home Inspections Important?
Home inspections are important because they're eye-opening. Often, the problems that are happening in a house are not obvious to the untrained eye. A home inspector can tip a home buyer off to potential problems that could necessitate major repairs upon moving in. This can help the home buyer either prepare for these repairs or decide when it's time to <a href="https://www.forbes.com/sites/juliadellitt/2018/06/20/5-things-to-negotiate-when-you-buy-your-first-house/#3cc633702d0e" target="_blank">renegotiate the home purchase contract</a>.
Home inspections are also important because many home buyers are able to learn about the home they're planning to purchase. By asking questions about the various systems of the home, and by observing the actions of the home inspector, home buyers learn things such as where the circuit breaker box is located, where the gas and water shut off valves are located, and what systems of the home are old and will likely need to be replaced soon.
You Got a Home Inspection - Now What?
After getting a home inspection for a home that's in escrow, the next step is to review the report. Home inspectors generally only take a few days to write up an official report that discusses the status of the home and all its systems. Once the report has been written, the home buyer can then decide whether to purchase the house as-is, cancel the contract, or re-negotiate the price. The home buyer and their real estate professional can work together on this.
Contact a Real Estate Professional
Are you a home buyer who would like to purchase a home sometime in the near future? Contact a reliable real estate professional. Your real estate agent can help you decide whether a home is worth the asking price, and can help you re-negotiate the terms of the purchase if the home inspection turns up major problems with a property. For more information about how you can get started with the home buying experience, contact a reputable real estate agent today.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.2020-08-03T06:17:00-07:002020-08-03T07:19:12-07:00Lazaro Marganon