3 Next-Gen House Hunting Tips for Singles

The American household has changed – big time. More and more, people get married later in life, if at all. Many even go from married to single and back multiple times throughout their lives. This all means that more and more people are buying homes while single. Many unmarried folks are buying homes to live in on their own, while others are looking for homes to live in with their children, parents or other partners – past, present and future.
If you’re embarking upon the process of buying a home on your own, here are a few things to factor into your thought process and your action plan:

1. Solo doesn’t necessarily mean condo. A decade or two ago, many single house hunters were automatically directed toward low-maintenance condos and townhomes. And truthfully, some singles still enjoy the tax and financial advantages of ownership without the responsibilities of caring for lawns, roofs and other so-called “single family home” features they have no use for.

That said, the descriptor of a detached, standalone property as a “single family home” is woefully out of date. Many single people are electing to purchase detached homes for a number of reasons. Chief among them include:

• Needing the square footage to allow their household to expand to include future partners, future children, adult children, or even elderly parents
• Needing extra rooms (or even extra apartments!) to rent out, do hobbies in or run a home business from, and
• Having the outdoor space for dogs, cats, horses and vegetable gardens, oh my!

con't.... http://www.forbes.com/sites/trulia/2014/03/14/3-next-gen-house-hunting-tips-for-singles/

$228000 / 2br - Beautiful 55+ Community Property (Tamarac)

$228000 / 2br - Beautiful 55+ Community Property (Tamarac)

2BR / 2Ba house available now
w/d in unit attached garage

Contact info:
Alisha Hinds | Realty World South Florida | 954-633-8023

Beautiful 55+ Community Property

7024 NW 104th Ave, Fort Lauderdale, FL 33321

$228,000

KEY FEATURES
Year Built: 1981
Sq Footage: 1891 sqft.
Bedrooms: 2 Beds
Bathrooms: 2 Baths
Floors: 1
Parking: 2 Garage
Laundry: In Unit
Lot Size: 6000 Square Feet
Property Type: Single Family House

DESCRIPTION

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Beautiful property. Breakfast/Kitchen, has a porch, screened porch that allows you to sit down and enjoy more often. Guest room comes with a Murphy bed. MB and GB have walking closets. Garden has several trees, magnolias, orchids, avocado tree, etc....Community pool and Tennis court. Don't miss out.

PROPERTY FEATURES

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• Living room
• Dining room
• Refrigerator
• Dishwasher
• Microwave
• Central A/C
• Tile floor

COMMUNITY FEATURES

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• Over 55 active community
• Shared pool
• Clubhouse
• Playground
• Tennis court
• Sports court
• Garage - Attached

Contact info:
Alisha Hinds
Realty World South Florida
954-633-8023

Missing in Miami’s new condo boom: Miamians

 

MIAMI – July 7, 2014 – Miami's latest condo construction wave is attracting buyers from around the globe: Brazilians, Argentines, Venezuelans, French, Russians to name a few.

Miami residents? Not so much.

Conspicuously absent from the roster of buyers are South Florida residents.

That is primarily because condominium developers are requiring large cash deposits – typically 50 percent of the price of a unit – paid in increments during the construction process. The deposits provide cheap funding for construction, and developers say they play an important role in deterring speculators.

Most Miami residents don't have that kind of cash.

Indeed, few locals could afford to purchase the high-priced condominium units currently going up even if mortgage financing were available.

"We don't have a local market capable of making those kind of payments and progress payments," said Lewis M. Goodkin, president of Goodkin Consulting, a Miami-based real estate consulting firm.

"If it weren't for Latin American and European sales in Miami, it's really kind of a scary thing to think about: We'd have a very weak market. Not because people don't want to buy, because they can't get it financed."

Developers acknowledge there is an issue



Missing in Miami’s new condo boom: Miamians