May Newsletter

It is officially May and the start to a new month!

In the May issue of our newsletter you will find events this month, featured listings, market predictions for 2021, and how to follow us on social media.

Click the attachment to check it out!

Please don’t hesitate to reach out with any of your real estate needs.

May Newsletter

Functional Spaces at Home

10 Ways to Make a Room More Functional

  1. Maximize vertical space
    Take advantage of wall height by adding tall bookcases, cabinets or shelves, or by hanging hooks for jackets in the hallway, separate office or study, add a desk in a corner of a bedroom or living room, preferably under a window to take advantage of the natural light and to keep your back turned from distractions like the TV and bed.
  2. Keep traffic paths clear
    Avoid bumping into furniture by creating an efficient layout. Make direct paths to commonly used zones and leave enough space to manoeuvre around each piece of furniture. 
  3. Control clutter
    Get rid of items you no longer need or use, deal with paperwork as it comes in, file important items in labelled folders or boxes, and return everything to its original place when you’re done with it.
  4. Add storage
    Store like items – such as cleaning products or bathroom supplies – in labelled boxes or plastic bins. For particularly unkempt areas, purchase storage options like an over-the-door rack to get shoes off the floor, or a closet-size second shelving unit to stash seasonal clothing.
  5. Create a nook
    If you don’t have the luxury of a separate office or study, add a desk in a corner of a bedroom or living room, preferably under a window to take advantage of the natural light and to keep your back turned from distractions like the TV and bed. 
  6. Use a room for what it’s intended
    Keep the children’s toys in their bedrooms or playroom and out of the living room, do paperwork or homework in a home office or den – not the dining room – and move all of your craft or woodworking projects out of the kitchen and down into the basement or crafts room.
  7. Store items in the rooms in which they’re used
    Keep table linens in the dining room, books and magazines in the den, dish towels in the kitchen, and detergent in the laundry room.
  8. Purchase double-duty furnishings
    Select pieces that are versatile, such as a coffee table with a shelf for magazines and books, a lighting for reading, eating or writing, and for setting the mood.
  9. Have multiple table surfaces
    Rather than having to get out of your chair every time you want a sip of coffee, make sure that there are enough surfaces within arm’s reach of living room seating to hold items such as drinks, books, table lamps and reading glasses.
  10. Purchase efficient lighting
    Ensure that your space has table lamps, floor lamps and other lighting for reading, eating or writing, and for setting the mood.

Thanks for reading!

12.81 Acres / Paved Road

TBD NE 212 Street Road Fort McCoy, FL 32134

ASKING PRICE $ 115,000

Quiet country living is the best way to describe this 12+ acre flag lot parcel on paved road. Located just a few miles North of downtown Fort McCoy, this property has a gate at the road for privacy and is wooded parcel. The land has variety of hardwoods and pine trees. This property would be ideal for new homes site or many agricultural purposes. Come enjoy nature including deer, turkey, squirrels and many varieties of birds. 

Located minutes to downtown Fort McCoy with grocery store, doctor office, pharmacy, hardware, gas station, pizza delivery and more. Close to Silver Springs which is great for kayaking, boating and outdoor activities. Ocala is just another 20 minutes away with Walmart, Lowes, Bealls, Outback and many more of your favorite shopping and  restaurants. Gainesville(Home of Florida Gators) is only 50 minutes to downtown. If you’re a fisherman, hunter or simply love hiking, canoeing or kayaking you are in luck! Minutes to Ocklawaha River, Rodman Reservoir boat ramp, Ocala National Forest and many natural springs(Salt Springs, Silver Glen Springs, Juniper Springs), horseback and walking trails, and off road vehicle trails awaits your explorations. One of a kind property and location! Ready for new owners! 

80 Acres w/ Creek

848 S County Road 21 Hawthorne, FL 32640

80 Acres including Little Orange Creek with direct easement off of Hwy 21. Don’t miss this awesome piece of land with natural hardwoods, huge live oaks, pine, palm trees and more. Beautiful Little Orange Creek runs through a portion of the North East corner of the property attracting variety of wildlife including turkey, deer, wild boar and lots. There are some campsite areas near the creek This property is surrounded by hundreds of acres of timber land with lots of privacy and ready for new homesite or use for hunting and recreation. Many riding trails are already cut and ready to go for your off-road adventures. Property has been surveyed and platted into small subdivision. We like to call this type of land “Old Florida” meaning before the development and natural untouched.  Don’t miss this one of a kind 80 acres for sale and own a slice of Florida Heaven.

Quiet country living is the best way to describe the location. Located on S. County Road 21 on paved road with easy access, it is located 20 minutes from Gainesville, Palatka or Hawthorne and located only about 1.5 hours from the St. Augustine and Atlantic Ocean or Cedar Key and the Gulf of Mexico.

Address Hawthorne, Florida but this property is just minutes North of Orange Springs. Orange Springs is located in NE Marion County, just minutes from the Ocklawaha River and Rodman Reservoir with world renowned large mouth bass fishing. Located short drive from the property are restaurant, Dollar General, convenience/gas station and lots of friendly folks. Interlachen is just short drive with the additional restaurants, shopping and more.

Asking Price: $575,000

  

Questions To Ask When Buying Homeowners Insurance

For many homebuyers, property insurance is a detail, a box to be checked off on the way to closing. But details are important and missteps can be expensive. Purchasing insurance may not be as fun as choosing new furniture and paint colors, but it’s a critical part of the homebuying process. Your homeowners insurance policy is a financial safety net in case of a disaster, so you’ll want to ask a few important questions to make sure you have the coverage you need at a price you can afford.

What’s the dwelling coverage per square foot?

Imagine that a fire burned your house to the ground and your policy didn’t pay out enough to rebuild it. That could happen if your dwelling coverage – the part of your policy that covers the structure of your home – is too low.

To prevent this, don’t simply accept the initial dwelling coverage amount an insurance company recommends. “Insurance companies use replacement cost calculators, but they’re not 100% accurate by any means,” says Ryan Andrew, president of The Andrew Agency, an independent insurance agency serving Virginia, Maryland and Washington, D.C.

For a more accurate estimate, ask your insurer to send someone to your house for a replacement evaluation, suggests Amy Bach, executive director of United Policyholders, a nonprofit that advocates for insurance consumers. You can also ask a local builder who specializes in new construction to estimate your home’s rebuilding cost per square foot.

Once you’ve chosen an appropriate dwelling limit, consider adding extended replacement cost coverage to your policy. With this coverage, your insurer will pay 10% to 50% more than your dwelling coverage amount to help you rebuild. This could save you thousands of dollars if building prices spike for unforeseen reasons such as a lumber shortage or high demand after a disaster.

A typically pricier option, guaranteed replacement cost coverage, will pay to rebuild your home regardless of expense.

Do I have multiple deductibles?

Homeowners may not realize that on some policies, higher deductibles may apply for claims due to wind, hail, named storms or other disasters.

For example, say a hurricane causes wind damage to your roof. Your insurance policy might have a wind deductible worth 5% of your dwelling coverage rather than the $1,000 deductible that applies to most other claims, Andrew says. So if your house were covered for $250,000, you’d have to pay for the first $12,500 of damage before your insurer paid anything.

Getting quotes from multiple insurers may help you reduce or eliminate these high deductibles.

What isn’t covered?

You might be unpleasantly surprised by your policy’s exclusions. “Flood insurance, which is excluded on almost all homeowners policies, is definitely a big one,” Andrew says, adding that this is especially important for homeowners with finished basements.

Even houses that aren’t near a body of water could experience flooding during heavy downpours, Andrew says, and a standard homeowners policy is unlikely to cover any damage.

You can buy flood insurance through companies that participate in the National Flood Insurance Program. The program’s average flood claim payout was $52,000 in 2019.

Andrew also suggests adding water backup coverage to your policy. This pays for damage due to water backing up into your house from sewer lines, sump pumps or other water lines.

Another common coverage gap involves keeping up with current building laws. “If you have to make improvements when you’re repairing or replacing (your home) because the codes have changed since your house was built, a typical policy will exclude that,” Bach says. Though this can be particularly expensive for older homes, “even a house that was built five years ago is out of code,” Andrew says.

Both Bach and Andrew recommend adding ordinance or law coverage to your policy to handle these expenses.

How can I save?

While having the right coverage is generally more important than paying the bare minimum, there are discounts to make your policy more affordable. Andrew suggests buying your car, homeowners and other insurance through the same company to take advantage of bundling discounts, which can save you 20% or more.

“The best way to bring down the price without sacrificing coverage is to raise your deductible,” Bach says. Being willing to pay for smaller repairs yourself rather than filing claims will help keep your premiums low.

If you’re confused about coverage and discounts, reach out to an insurance agent to talk through your options. “Take a little extra time to understand what it is that you’re purchasing,” Andrew says. “For most people a house is the most expensive asset they have.”

April Newsletter

It is officially April and the start to a new month!

In the April issue of our newsletter you will find events this month, featured listings, market predictions for 2021, and how to follow us on social media.

Click the attachment to check it out!

Please don’t hesitate to reach out with any of your real estate needs.

 

April Newsletter

What You Will Be Paying For When Buying A Home

Every for-sale home has a price tag, but there’s much more to the actual cost of buying a house, both when you buy and every month after. Before you make the long-term commitment, it’s important to know the costs of buying a home.

Here are a few of the most prominent — and pricey.

One-Time Costs of Buying a Home

Down payment

The down payment always looms large in your efforts to buy a home. If you can’t make the traditional 20% down payment, you may be able to get a loan with as low as 3% down, but then you face an increased cost of borrowing and higher monthly payments.

Recommended: Put as much money down as you can without exhausting your financial resources for move-in expenses such as furniture, initial maintenance and perhaps a fresh coat of paint. If you need a boost in the down payment department, explore state assistance programs, grants, and different loan options. 

Down payments are often a bit of a compromise, balancing what you can reasonably save over a period of time with your desire to buy a home sooner rather than later.

Closing costs

Closing costs are lender and third-party fees paid at the close of a real estate transaction. 

You will receive an official Loan Estimate from the lenders you comparison shop with that outlines these closing costs ahead of time, so there should be no surprises. And you’ll have time to negotiate some of the costs and shop around for lower fees on others.

There are “no closing cost mortgages,” but you’ll want to consider when that might be a good choice. However the loan is structured, it will increase the monthly payment slightly, which means you’ll pay more over the long term in exchange for paying less at closing.

Ongoing Homeowner Expenses

Mortgage payments

Nearly half of home buyers don’t comparison shop for home loans, according to the Consumer Financial Protection Bureau. That can bloat your monthly mortgage payment and cost you a big chunk of money over time. American home buyers could save $400 per borrower in the first year of a 30-year mortgage by comparing mortgage rates among lenders before applying, according to a NerdWallet analysis.

Monthly payments are the most predictable cost associated with buying a home. One mistake many first-time home buyers make is thinking that, like rent payments, the mortgage is the total sum they owe each month. As you’ll see below, that’s not the case.

Property taxes

The taxman usually comes calling once or twice a year, but property tax laws and policies vary by state and county. Your real estate agent should be able to give you a rundown before you buy.

Local governments can raise property taxes to cover municipal projects or expenses, so don’t assume they’ll stay steady. Increases in the home’s assessed value, whether due to renovations or overall market conditions, also cause property taxes to rise periodically, which could increase your monthly payment if your lender is set up to pay the taxes on your behalf.

Homeowners and hazard insurance

Like taxes, these two types of insurance vary by state and region and can also be built into your monthly mortgage payment. The National Association of Insurance Commissioners estimates that the average annual premium for the most common form of homeowners insurance was almost $1,400 in 2016. Hazard insurance costs will also be determined by the risk factors in your area, such as floods and earthquakes.

You can usually keep your costs lower if you bundle homeowners with your auto or life insurance policies.

Mortgage insurance

If you make a down payment of less than 20%, you’ll have to pay mortgage insurance, which can be up to 2% of the loan amount annually. These premiums protect the mortgage lender in the event you default on the loan.

There can be an upfront amount paid, as well as premiums due each month, lumped in with your loan payment until the remaining principal balance on the mortgage dips below 80% of the home’s value. Your lender may automatically cancel mortgage insurance charges when you owe 78% of the principal or less, but until then, this is an extra cost to factor into your monthly budget.

If you get a loan backed by the Federal Housing Administration, mortgage insurance premiums are likely to be due monthly for the life of the loan.

Utilities and all the rest

Once you’ve crossed the homebuying finish line, you might think you’re clear of the financial hurdles. But there are utilities to pay, maintenance — such as yard care and snow blowing — and the occasional plumbing debacle. Some of these ongoing expenses you can budget for; the surprises, not so much.

You know that emergency fund that financial advisors suggest we all have? You might want to pad it a bit with a homeownership “rainy day” fund. That’s for those little-to-large expenses that insurance won’t cover, such as the water heater that springs a leak in the middle of the night.

Having some money set aside for unexpected household expenditures will help keep you from tapping into your last-resort emergency savings or taking on credit card debt. Consider stowing at least 1% of the home’s market value in savings each year as your long-term household maintenance and repair fund.

Borders Ocala National Forests

24985 NE 188th Lane, Fort McCoy

Hard to find .89 acre property bordering the Ocala National Forests. Located minutes to Lake Delancy Campground day use area and short drive too off road trails for Jeeps, Side-by-Sides and 4 wheelers. Salt Springs Campground and Run are 10 minutes away and St. Johns River is close by as well. The mobile home was built in 1972 and does need work but there are good bones there to work with. Home is 2 bedrooms, 1 bathroom and 732 living square feet with 10’x33′ addition on the front. Home and addition show signs of roof leak and seller said no leaks at this time. Garage is 36’x28′ enclosed with two garage doors and includes power panel, with a 18’x19′ carport attached. Lot size has plenty of room for RV or 5th wheel with two entrances.     

Located in the heart of the Ocala National Forest w/ beautiful Salt Springs swim area, boat launch and short ride to Lake George and the St. Johns River. Salt Springs is also home to miles and miles of ATV/SxS, Horseback and hiking trails. Great fishing year round in the many lakes, rivers and forest ponds, and don’t forget about the excellent hunting too. Close to local shopping including grocery store, Dollar General, hardware, gas station, great restaurants, entertainment and more. Only short 30 minute drive to Ocala or Palatka for all your needs.

 

Privacy, Location & 3 Acres

7040 NE 199th St Rd Citra, FL

Don’t Let The Age Fool You! This lovely 2005 built concrete block home sits on 3.01 acres and shows pride of ownership inside and out. Upon arriving on paved road NE 199 Street Road you will see fenced, gated 3 acres of pasture dotted with oak trees for shade. The home is 2000 living square feet and includes 4 bedrooms and 2 bathrooms. Living room is very large with tray ceiling, recessed lighting and great for entertaining with open floor plan to kitchen and dining area. Kitchen is spacious with formica cabinets and countertops, all stainless appliances included(glass top stove/range, refrigerator and dishwasher). Main bedroom is nicely sized with walk in closet and main bathroom features include tiled floors, double sinks, tub/shower combo and lots of storage space. There is an additional bedroom on the North side of the home which would make great office, workout room. Bedroom 2 & 3 are cozy in size and have great view of the pastures and fencing. Guest bathroom includes tiled floors, double sinks and tub/shower combo with glass sliding door. There is inside laundry area in hallway between guest bedrooms and nice sized linen closet(washer and dryer are included as well). 

Outside are many great features including 25′ x 56′ Metal Workshop w/ 110V power and 2 roll up doors and 25’x56′ Covered Parking, total size under roof 2800 square feet. 2018 Horse stall insulated and fencing. Fenced paddock behind the home is perfect for horses, cattle or would make the perfect garden. 

*Updates: Electrical switches and outlets – 2020, Painted home / fencing front/back pastures / horse stall – 2018, Appliances – 2017   

Citra, Florida is known as the home of the pineapple orange, (originally called the Hickory orange) a name coined in 1883 for an orange (fruit) with an aroma reminiscent of the pineapple. Citra has two buildings on the National Register of Historic Places: The Citra Methodist Episcopal Church and the Armstrong House. It is home to a University of Florida Institute of Food and Agricultural Sciences plant research facility. Some funs things to do include visiting Animal Rescue Sanctuary or stop by The Orange Shop for fresh squeezed Florida Orange Juice or some cool merchandise. Skunkie Acres offers horse back riding and every local loves visiting Crones Cradle Conserve with great outdoor gardens and country store full of local homemade foods and stuff. Located just short drive to Ocala or Gainesville, don’t miss this great property surrounded by horse country. 


 

Short Drive to Ocala or Gainesville

17575 NE 39th Ct, Citra, FL 32113

Don’t miss this super well kept 2004 Manufactured home, situated on paved road with concrete driveway on .51 acres. This lovely split plan home is 2,280 living square feet with 4 bedroom, 2 bathrooms and bonus/game room w/ wet bar and tons of space for pool table, game room or awesome home movie theater room. Upon entering you will see cathedral ceilings, crown molding and cozy wood burning stacked stone fireplace in the spacious living room. Dining area is just off the huge kitchen with, lots of countertops, tons of cabinet storage and all appliances(Glass top built-in, stainless fridge, D/W & washer/dryer) are included. Main bedroom is spacious in size with his and hers closets, nicely sized main bathroom has garden tub and shower with additional walk-in closet. Leading to the guest bedrooms is large open area with built in desk, additional storage and inside laundry room. All guest bedrooms are cozy in size and bathroom includes tub/shower combo. Dining room leads to 10’x15′ screen room overlooking the above ground pool(new pump and top railing 2020). The detached 2 car garage is 24’x24′ with concrete driveway leading from the front yard and is perfect for smaller vehicles, motorcycles, lawn/garden equipment or would make an awesome workshop. Back yard includes beautiful green grass, hog pen, chicken coop and is fenced.  

Citra, Florida is known as the home of the pineapple orange, (originally called the Hickory orange) a name coined in 1883 for an orange (fruit) with an aroma reminiscent of the pineapple. Citra has two buildings on the National Register of Historic Places: The Citra Methodist Episcopal Church and the Armstrong House. It is home to a University of Florida Institute of Food and Agricultural Sciences plant research facility. Some funs things to do include visiting Animal Rescue Sanctuary or stop by The Orange Shop for fresh squeezed Florida Orange Juice or some cool merchandise. Skunkie Acres offers horse back riding and every local loves visiting Crones Cradle Conserve with great outdoor gardens and country store full of local homemade foods and stuff. Located just short drive to Ocala or Gainesville, don’t miss this great property surrounded by horse country.

HVAC w/ Heat Pump 2020

Septic Drain field 2015, pumped 2018

Adams Water Softner(Rented)

Front Deck 2019

SCHEDULE YOUR APPOINTMENT TODAY!

CALL / TEXT / EMAIL

352-572-1739 or info@Search352Homes.com