Tips for buying a home in Fort Myers and Cape Coral, Florida

Tips To Buying a home in the Southwest Florida Market

Buying a home might be one of the most potential investments of your life. Choosing the right location and studying its demography is indeed essential before buying a property. Florida is indeed a land marked with picturesque beaches and ever growing urban centers. If you particularly want to buy a piece of land in Lee County then you should look at different factors .Let’s share some necessary tips with you on how to buy a property in Southwest Florida (Fort Myers, Cape Coral, and surrounding area), without facing unnecessary financial risks.

1.Get to know the market trends
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2. Know the Demographics
Getting an idea about the age and income of the residents of a place gives you a clear insight into the lifestyle of the residents living in a place. You might want to review a census driven map and get some information about your future neighbors before moving in.

3. Get to know about the Type of Commute
In case you’re planning to buy a property in Lee County, you should know methods of travelling used by the people living there to avoid any inconvenience in future.

4. Check the Facilities In Lee County
The quality of city services can make a big difference. Facilities like clean water and presence of good schools nearby can help you decide better. It’s advisable to visit the place and get to check the community. Buy some stuff from local market and get to know if local economy is amenable to your needs.

5.Beware of Oceanside views
The beachside property can be at risk due to climate change. Make sure to talk to an insurance agent about it and get to know about insurance rates.

6. Investigate the property tax rate
Property taxes vary according to location of your home. Florida is popular for no income taxes but its property taxes are close to the national average.
Hence, a wise thinking is necessary before making a decision regarding real estate. Relying on a mere stroke of luck that the property you buy will be your dreamland; is a folly. You have to work for your quest of happiness and success.

7. Get to know the Zoning Requirements
Check with local authorities (city, county and state) to determine zoning ordinances and whether you can build the type of home you want before committing to buying the land. Ask about future zoning, whether there are plans to put in shopping centers or airports, or to change nearby land uses that could also devalue your land.

8. Check the Environment
Realize that you might be trading exhaust fumes from city buses for the lovely odors produced by pig farms. Some farm animals such as geese and donkeys produce squawks and brays that travel for miles.

9. Check for Natural Hazards
Obtain a natural hazard disclosure and look for soil problems. A disclosure will tell you if the land is a protected habitat, which would prohibit building. Is the area a known fire hazard? Many owners in the country maintain private ponds for fire emergencies.

10. Know the Elevation
If the land is located near hills, how likely is the land to move? Some slab foundations can crack if the land is unstable. Find out if your parcel lies within the path of a potential landslide, especially those lots on oceanfront cliffs. For construction near bodies of water, you might want to consider building a raised foundation and make sure to buy flood insurance. If the land was once a swamp, ask neighbors about the condition of their foundations.

11. Check the Utilities
Water is important. Not all water is potable. Sometimes water rights don’t “run with the land,” which would mean you could not dig a well. Find out the depth of your water table and determine the difficulty of digging. Is the ground mostly rock? It can be costly to bring electricity, telephone or cable services to the property if they are not already established nearby. Will you need to install a propane tank? Consider a generator for back-up during power outages. If you cannot hook up to a sewer, what will it cost to install a septic system?

12. Arrange the Appraisal
It’s common to pay cash for land. If you’re not planning to finance the land purchase through a conventional lender, which will require a lender appraisal, then obtain your own appraisal to determine an appropriate price before making an offer. Comparable sales are sometimes difficult to find when buying land. Further, some financing will allow for subordination to a new construction loan.

If you want your Cape Coral Florida Dream Home or Fort Myers Florida Dream Home call me today!

I will help you find and buy your beautiful home and will take the stress away