Buying a home can very easily be the biggest purchase of your life. It can be extremely complicated and confusing at times and there are many questions that need to be answered, as well as a long list of tasks that need to be taken care of while you are doing this. There are certain things that can make this purchase easier for you, and in this case most times any tips or help you can get is a great idea. Since there are so many good tips when it comes to buying a home.There are many tips when it comes to buying a home whether the home you are buying is new or old. One tip that comes into play when you are buying a new home is most new home actually have a higher sales price than a similar house of the same size that is older. A new house has a higher price for a couple of reasons. One being that because the house is newer there will be a lot of lower maintenance costs to keep the property up. Also new homes have what is called a builders warranty. The builders warranty is there to protect you just incase there is some sort of accident that happens that is from a fault of the company that built the house…things like roof failures, loose boards, and other things of that sort.Another tip when it comes to buying an old or new home for yourself is that a new home usually has less utility costs to keep the home running properly. A lot of times in older homes there are certain things like damaged or removed insulation and other sorts of air leaks that lead to energy being wasted in the home. Things like heat escaping in the winter and air conditioning escaping in the water. As well as having things like faulty plumbing systems and other things of those sorts. New homes also require a smaller amount of routine maintenance to keep the house running how it should be.Since buying a home is such a big purchase certain precautions need to be taken before your purchase. It is important to know a certain amount of facts before you buy a home whether is be a new home or old. Each kind of home has its benefits as well as its downfalls and it is important to know these things before your purchase.
The first thing you’ll need to look into when you start your search of Clearwater real estate for a house is location. Yes the often quoted (and maybe even overused) first three rules of real estate – “Location, Location, Location”.Since Clearwater stretches from the Gulf of Mexico on the one side to Tampa Bay on the other and covers almost the middle third of the county, there are a lot of areas and communities to choose from. In addition to the type of community you’re looking for (older, newer, gated, etc.) you should determine what places and activities you want to be near.If you’re looking for a golf course community you have choices like the Countryside area, Feather Sound or Belleair (technically Belleair is not part of Clearwater but is a separate town). If you want to be on the water but not in Clearwater Beach, you can look at Venetian Point on the north end or Harbor Oaks on the south end. If you want to be close to a certain school you should look at which communities surround it.Most of the time I find that buyers have a certain type of house in mind and they begin looking at listings on the MLS and by doing that find different communities that have the type of houses they are look for and base their decision on that. I’ve found that can be workable but you should realize that you will sometimes find the odd situation like a recently built home that is very nice but is located in a rundown area. Your agent can help you find out if that is the case and to help guide you to the communities and areas that would be better suited to your needs.The next thing you’ll need to do is make choices regarding the type of house. The amount of choices you’ll have will depend somewhat on the price range you can afford, but there are certain basics that are important to understand no matter what price range you are in.The 2 most common types of construction for houses are cement block and wood frame with one-story homes being more common than two-story. There can also be a combination in the same home of the 2 types of construction and this is commonly found in two-story homes that are often block construction on the first floor and wood frame construction on the second floor.Block construction homes are usually more expensive than comparable ones which are wood frame so the wood frame homes can look like a better deal. However, there are a few things you need to be aware of when dealing with wood frame houses.The 2 main issues with wood frame houses are 1) potential or actual termite problems and 2) higher insurance costs.You should have a termite inspection on any house you buy and this will let you know if there is any current termite problems (which might mean you won’t buy it). But either way you should have a program in place with a reputable company to prevent termite problems from arising in the future. Do your research on this as the best known companies don’t necessarily give you the best advice on what the best treatment is.Insurance costs are higher for wood frame houses than for block construction houses – about 20-25% higher. I had to check on this for a client once and this is what my insurance agent told me. Apparently there is the issue of potential termite problems but also the structure is less sturdy.These are by no means the only factors to keep in mind when looking for at Clearwater real estate for a house but they are 2 of the key ones.
Miami Condos and Miami Real Estate has appreciated over %25 annually for the last several years. Investors and Buyers looking for their dream condo or home have been snapping condos faster than developers can build them. Miami Real Estate has doubled in prices in the last few years. That was great news to investors that bought in this dynamic market. However, It’s not feasible to expect this dramatic appreciation to continue indefinite.So, what an investor should expect from the Miami Real Estate market now?Well, the market was growing at drastic pace that real estate buyers camping for days to get a condo or a home in Preconstruction and turn around and flip it for profit. Now, the condo market is back to normal pace where you can find good values. The factors that reflect the real estate markets such as interest rates, inflation, unemployment rates and others might not be applicable to Miami Real Estate.How the Miami Real Estate different compared to other US real estate markets?Miami Real Estate has been always attractive to international buyers. Now, as the US dollar weakens and I believe it will continue to weaken, international buyers are looking into Miami and South Florida real estate market with their increasingly buying power.The fact that in some areas there might be enough supply to absorb demand for the near future. However, you can find some attractive opportunities right now where you can get some good values and see appreciation quickly.Is Real Estate still an attractive investment?The alternatives is to have your savings in cash. However, because of inflation, the cash value will be worth much less next year and the year after and then you pay taxes on the CD rates. However, real estate still has outstanding tax benefits that you enjoy for now till US tax policies change.Conclusion:Miami Real Estate is a promising real estate market today. Do your homework upfront. Find unique opportunities and have the right team on your side. Remember, Real Estate is a long term investment.For more details about Miami Real Estate and Miami Condos,Contact Andrew James,direct 786-326-7776 Or visit[http://www.MiamiNewConstructionGuide.com][email protected]