Universal Vacations and Realty property investment in Cyprus and Florida
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Choosing your Home
Property Types & Location in Florida
A New or Existing property
The Multiple Listing Service
Financial's
Financing your new Florida property
Income and Expenditure
Property Appreciation
Terms you may come cross
Mortgage Calculator
Furnishings & Maintenance
Your Management Company
Furnishing Tips
List of Furnishings Required
Furnishing Examples

Your Florida

Gulf Coast

Home-Buying

Options........

 

Choosing a home. Florida offers a fantastic range of locations for your home;
Conservation building lots, Golf Course, Lakeside, on a Canal or Riverbank, with or without Boat Access, Walk to Beach and Bayside. Then of course there is the choice between new and existing homes........

Firstly new construction. The majority of new homes built today are in Planned Unit Developments or PUD's. The most obvious advantage being that the entire community will be built and completed to a set time scale by one or two builders who offer a uniform look to their designs. This is not to say that they will lack imagination, a Florida builder may offer over twenty or thirty differant home designs and elevations for each development. A secondary, but important consideration is the creation of a Homeowners Association by the builder to regulate and maintain the common areas. Once the development is built out the association is handed over to the residents and administrated by a professional management company. This arrangement ensures continous upkeep of the community.

Other advantages are that in some cases existing floor plans can be modified to the clients needs, this can be especially useful when planning to add a fourth bedroom without enlarging the total area of the house. Additionally you are assured that all appliances and carpets are new and no further expenditure should be required for some years to come. One concern on a new property may be adjacent building work and its initial effect on rentals, however we can advise upon this when choosing a building plot, which would ideally be in an almost completed section of the development.

OUR ROLE in helping you select a new home would be to advise on location, check the deed restrictions to ensure there is no problems with short-term rental, help with the design of a suitable floor plan, advise on a suitable lender, act as your agent for passing correspondence during the loan application, liaise with the builder during construction, perform the final walk through and help with furnishings if required. The best part of all is that this service is free, the builder pays the buyers broker fee.

An Existing Home can also have its attractions, for instance immediate availability, location in a maturing neighborhood where there is no further building land left, or in the case of waterfront homes simply because there is no further construction allowed. A little time and money may have to be spent getting the home ready for rentals, however again we can advise on this and supervise any work in your absence if required.

Purchasing an existing home through the M.L.S (Multiple Listing Service) need not involve a time consuming drive around the neighborhood. Once your purchasing parameters are established a computer search will locate suitable homes in the nominated area listed by all Realtors. We can then plan a route to view homes and gain entry with an electronic key. The days of making endless phone calls to homeowners to set up viewing appointments are over.

THE ROLE of a BUYERS BROKER in purchasing a second home is invaluable, remember the broker legally owes allegiance to the purchaser and will advise viewing based apon the potential purchasers requirements, regeardless of which agent is listing the property. Initially time can be saved by informed research before homes are actually viewed and any bargains located through the M.L.S. Intimate knowledge of the surrounding area and prices can be shared, reliable tradesman can be recommended for any work required, plus financial, furnishing and deed restriction advice given. Again there is no charge for this work, the sellers real estate agent simply shares his fee with the buyer broker.

 

© Universal Reality,Inc. 2006

 

 


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This Florida and Cyprus property investment site was updated on January 23rd 2008.
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