A Home for Retirement: Re-Sizing Your Lifestyle

BSR0902The Jupiter Florida real estate market is no stranger to beautiful homes suitable for a well-deserved retirement; from Admiral’s Cove and Frenchman’s Creek to Egret Landing and Abacoa, options abound for those who are searching for just the right spot to enjoy their golden years.

But it’s important for buyers in this market to recognize that even if they’ve bought homes before, buying for retirement is a different animal; things you looked for in a home when you were working a steady job, or still had children under the roof, aren’t going to be the same characteristics you want when your time is wholly your own — and your income fixed.

So while nearly every Jupiter home for sale could be a good enough one for retirement, the ones that will stand out for you are those that match your needs at this stage in life — not the needs you think you might have. A good example is size; many buyers will look at a near perfect potential home for retirement as being too small, because they feel it important to be able to house all the family that might visit at one time. But for the extra cost of a few bedrooms and bathrooms in that home’s purchase price, a buyer could opt for a smaller home and invite their families to stay in the finest hotel in Florida every time they stay (and probably still come out ahead).

Larger homes also cost more to heat, cool, and maintain; for a fixed income retired person, it might be best to find an exceptional smaller home — even if there’s a larger one in a similar price range — and be ready to pocket the savings on upkeep.

Tips for Buying In Planned Communities

BSR0901We’re seeing a lot of increased interest among our clients in planned communities like Egret Landing, Admiral’s Cove, and Abacoa. Jupiter Florida real estate has no shortage of great planned communities and each one has its own unique character and specific appeal. It’s important when picking a Jupiter home for sale in a planned community that you take the time to find just the right one for your family’s needs; remember, your home is an investment, so there’s nothing more important than doing due diligence to ensure you’re investing wisely.

A great place to start is your local real estate experts — that’s us. We can help you find information about individual communities with respect to their planning and development history, and what each community has in store for the future. Many planned communities are not fully “built out,” so there are changes coming down the pike in terms of undeveloped space that may or may not be planned in a way you find inviting or appropriate.

Visiting the individual homes within the communities you’re interested in is of course a must; but it’s just as important to take the time to look around beyond those four walls as well. Visit the amenities that attracted you to the particular planned community, and see how well they’re being maintained and whether the activities you expect are taking place.

Finally, there’s no substitute for experience. See if you can talk to local homeowners about the challenges and opportunities they faced when they moved into each planned community, and find out whether the available schools, healthcare facilities, recreational opportunities, social activities and retail establishments have turned out to be everything they’d hoped, and what they expect to see in the years to come. The fewer surprises before you buy, the better!

Own the Perfect Home with Mortgage Rates Decreasing in Florida

Florida_Keys_Canal_PropertyMortgage rates in the state of Florida have been decreasing significantly, following the trend that has been consistent in last year or so with some variation. With the current interest rate below 4% for real estate West Palm Beach and other areas in Florida, this is the perfect time to buy a house if you’ve been waiting.

 

Most people don’t know what to do with the interest rate of a property. They don’t know how they can secure the lowest possible interest rate and even if they do, they often make mistakes that raise the interest rate unintentionally. To be sure that you’re on the safer side when buying your home, pay close attention to the following tips:

 

  • When you’re about to close the interest rate, don’t make any large purchases. You’d also want to avoid career changes at this time since a lender will check your status just before closing, for one last time. Unless the deal is through, don’t do something that makes the lender suspicious about your ability to repay the money.
  • Most people will only pre-qualify for the mortgage, forgetting the importance of getting pre-approved. Getting pre-approved means you will have a greater chance of bending the negotiations in your favor while improving your credibility at the same time. It will also help you expedite the buying process.
  • The last but the most important tip is to watch your budget closely. Don’t agree to a loan that was originally above your budget. You may be able to get a mortgage deal for such a home but you will have troubling paying the money. Your monthly payment will be higher than what you can afford. You may be able to pay for the first few months but you will run out of patience with such a high payment. Therefore, only go for what you can afford. You can always look for North Palm Beach houses for sale. Be a little humble with your choice and you will do just fine.

How Updating Baths Can Increase Your Home’s Value

bathroom20_bigSomething every potential homebuyer considers is the way a house is staged for sale. Buyers will show more interest in a property if it is staged properly. If a home is staged correctly it can make the difference in its pricing on the market as well. One of the secrets in preparing a home for new ownership is updating its bathrooms.  By doing a few simple tasks, potential buyers will be more interested in paying the asking price for a property without asking for a cut down on the original asking price.

 

Getting your property’s bathrooms in perfect condition does not mean you have to shell out a wad of cash. You can make your baths attractive for potential buyers by making  just a few small changes. For example, you can look at homes for sale Jupiter Florida or homes in Palm Beach Gardens – they almost always have perfectly staged baths. You can get loads of low-cost improvement ideas from viewing these houses. You can also look at houses that sold quickly after being placed on the market and compare bathrooms. Here are some interesting tips, gathered from such houses and real estate advisors, to help you stage your baths perfectly:

 

  • Clean the baths. No one likes dirty looking baths. You’re probably not going  to sell at the price you asked for if you baths are in a less desirable state of appearance.
  • Update knobs, towel racks, and other bathroom vanities to make them trendy. You can always find inexpensive hardware that reflects the latest trend. Houses in West Palm Beach and Jupiter Homes are perfect for following latest trends since they are usually renovated once a year.
  • Add flowers and scented soaps to enhance the ambiance of the baths. Houses with more lively baths tend to sell quicker compared to houses with regular baths.

Florida Real Estate Welcomes New Regulations for Homeowner Associations

real-estate-florida2Real estate in Florida is seeing its best sales since the financial crisis. With a decrease in mortgage rates and affordable rental prices available, potential real estate investors will be excited to see the new opportunities our state has to offer. Buying houses in West Palm Beach can now be a tangible realty for potential investors who have delayed in committing to home ownership as house pricing has decreased recently to a more affordable range. At the same time, the Florida Homeowner Association (HOA) has placed new regulations to keep the current growth under check and avoid possible mismatch between supply and demand.

Before purchasing property in Florida or searching for homes for sale Jupiter Florida, you should review changes that have been incorporated into the new HOA laws. Here is a quick overview of all the important changes for all potential Florida homeowners:

 

  • According to a major amendment in the law, All Florida Homeowners Associations (HOA) will be bound to deliver reports consisting of the total number of houses and their total revenue generated.  HOA will need to include all this within its budget as well.

 

  • All public notices relating to real estate in Florida will be made available online.  The notices will continue to appear in Florida newspapers but they will also appear online on the Florida Public Notices website. This independent website is being operated by the Florida Press Association. The long-term objective of this legislation is to move all public notices to the web so that everyone can access them instantly without ever having to look at a paper copy.

 

  • In addition to these amendments governing general HOA management, there is legislation for specific troubled associations to help them avoid bankruptcy. This will help improve real estate West Palm Beach and other popular real estate hot spots within the sunshine state. 

Florida Real Estate – Gaining Popularity with Retirees

beautiful living areaFlorida has always been popular with retirees. However, recent rise in demand for Florida real estate has made the sunshine state the most popular hot spot for retires, being ranked first in the recently released special report on real estate growth by RealtyTrac.

With demand for rental and owned housing for retirement increasing, houses in West Palm Beach, homes in Jupiter Florida, and North Palm Beach houses for sale are also undergoing a massive rise in demand. Other retiree areas in Florida will also see an increased rise in demand, however their growth will not be comparable to the areas previously mentioned, as revealed in RealtyTrac’s recent findings.

Although the numbers are heavily influenced by rising number of baby boomers retiring in Florida from 2011 onwards, there is also a massive number of foreigners moving to popular retiree hot spots in Florida because the state offers a desirable exotic setting for retired people by a worldwide standard. Popular locations such as real estate West Palm Beach and Palm Beach Gardens, have dedicated communities for retirees to enable them to spend their retirement in ways they always dreamed of.  With mortgage rates also decreasing, there is an increase of people applying for home ownership. The mortgage rate is still around 4% which is relatively low compared to the rate that was available just a few years ago.

The rise in Florida real estate is mainly due to the efforts made by the state’s real estate industry to bring in direct investment. This has helped raise the standard of rental and owned housing throughout the state. People are interested in buying as well as renting with their lavish retirement plans. Florida definitely has the most to offer as the most sought destination for retirement.

South Florida Real Estate Market 2013

Egret Landing Homes, Jupiter, Florida

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Consistently ranked as one of Jupiter’s favorite neighborhoods, Egret Landing is a community built entirely of single-family homes catering to buyers interested in a convenient, family-friendly neighborhood.

Sizes range from ranch-style single-story 3 bedroom homes to two-story, six-bedroom offerings, in a well-put-together community spotted with tennis courts, a children’s play space and basketball court, as well as a resort-quality pool, fitness center and clubhouse.

The homes themselves are Mediterranean in style, ranging from 1,750 to 4,000 square feet of living space, and spread over 248 acres; the community has dedicated boat and RV parking.

Egret Landing’s enormous open-space park hosts numerous festivals year-round, as well as just being a great spot to relax with family. And with more than 30 acres of beautiful man-made lakes, residents and guests can enjoy the breeze off the water even as it rustles the numerous palm trees.

The community itself is conveniently located, so residents can take advantage of everything Jupiter has to offer. Egret Landing is minutes from the Gardens Mall, or a quick shot to the Palm Beach International Airport in West Palm Beach — or moments from the Roger Dean Stadium. With great schools nearby, Egret Landing is a fantastic choice for buyers looking in and around Jupiter, Florida.