Palm Beach Relocation Guide

SPR-SUM 2016

The Palm Beach Relocation Guide is Palm Beach County's most respected relocation publication and is a MUST for anyone considering visiting, moving to, living in, or just wants to learn more about the Palm Beaches.

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Page 89 of 203

88 P A L M B E A C H R E L O C A T I O N G U I D E – S P R I N G | S U M M E R 2 0 1 6 communities across Palm Beach County. From fun, family-focused developments near A-rated school districts to urban housing options that appeals equally to young professionals and downsizing retirees alike, new homes from builders like GL Homes, DL Horton and Lennar are providing a great range of options to fill housing needs throughout the county. If you are looking for a family-friendly townhome community then you may like Charleston Commons by Lennar. Located in West Palm Beach, they offer five, elegant two-story designs to choose from, and buyers can expect to find Lennar's "every- thing included" package of top appliances, a community pool and recreation center, kid-friendly recreation areas. In Palm Beach Gardens, overlooking the Loggerhead Marina, Azure by Frankel Enterprises offers a gated, waterfront, luxury condominium community, with features like a privately keyed elevator, and luxurious fixtures and top name appliances in each of their units, with panoramic marina and waterfront views. Located in desirable Abacoa, in the area of Jupiter, Windsor Park at Abacoa by DiVosta Homes, offers a range of townhomes and single family homes in 16 different designs, all featuring gourmet kitchens with wood cabinetry, with both one and two-story floor plans, in a range of configurations, and an optional above-the-garage retreat. In Boynton Beach, located in the booming western area, the gated, Palm Meadows by Standard Pacific, covers 170 acres and will contain 288 luxury single family homes, offering buyers 16 spacious home models to choose from, ranging from three to six bedrooms, with impressive amenities such as a state of the art horse training and fitness facility and resort style clubhouse and pool. URBAN DEVELOPMENT New housing is not only going on in suburban areas, downtown urban develop- ment is booming in West Palm Beach, Boca Raton, and most coastal towns with a bevy of mixed-used housing, luxury apartments and luxury condominiums being built to meet the needs of both young urban profes- sionals and retirees who want to experience TIPS for BUYING In a competitive real estate market, a local top real estate expert offers this advice: 1. Get a Team! Don't do it alone. Your key team member will be a local Realtor ® . Take the time to interview several Realtors ® and fnd one that exhibits key knowledge of the area both from statistical and lifestyle stand- points. Ask plenty of questions, and fnd someone you mesh well with. A Realtor ® is a great friend to have in a new area. If you need fnancing, ask your Realtor ® for some recommendations for a lender. Local mortgage brokers and bankers know the landscape and know what insurances and inspections are needed for the type of loan you need to acquire for the purchase of your new home. 2. The Florida Market is Hot. If a particular home is desirable to you, you are probably not the only one who thinks so. Positioning is everything. Position yourself successfully by doing a little home work. Get preapproved by a lender. Doing this is the next best thing to a cash offer. Having a letter of preapproval will almost certainly put you on top of the list. 3. It May cost you Less than you think. Putting 20% down on the purchase of a home is recommended, but it is not necessary. If you are buying a home as your primary residence, you can put as little as 3% down of the purchase price. If you're buying a second home, you can put as little as 10% down. 4. Inspections are important. Whether you are buying new construction, a condominium, or a histor ic home, it is recommended to have an inspection. While inspections are optional, it will generally only cost you a few hundred dollars, and may bring you peace of mind. The inspectors look at the condition of the home beyond cosmetics, and if something are found, it will allow you to renegotiate with the seller to fx the problem or possibly lower the price of the home. Depending on the age and location of the home, a four-point inspection and a wind mitigation inspection may be necessary, but can provide you signifcant savings on your insurance. 5. Florida is a Homestead State. If you purchase your home in Florida as your primary residence, you can fle for a Homestead Exemption worth up to $50,000. The exemp- tion reduces the amount of property taxes Florida homeowners are required to pay, and limits how much the taxes will increase each year. This means if you qualify, and your property is worth $100,000, you would only be taxed as if it was worth $50,000. Tips provided by JD McClintock, Broker Associate, Principal Ownership with Global Real Estate Agency, Keller Williams Realty. For More information please visit S o U G I n a c o m p e t i t i v e r e a l e s t a t e m a r k e t in Florida's Hot Market

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