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realestateedcook · 3 months

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Condominiums In Pompano Beach

Top 5 Luxury Oceanfront Condos In Pompano Beach

Living in Pompano Beach, FL, has many features, such as live music, bars, seaside, and beaches. The luxury oceanfront condos in Pompano Beach, South Florida, offer excellent value. The area is not full of hotels, and the beaches are not crowded. Some new, exciting developments popped up in the last few years. There are many choices for oceanfront condos in Pompano Beach, FL.

This article narrows it down to the top five. Living in these condos is a luxurious experience. The warm climate and gorgeous beaches make Pompano Beach a dream destination for a luxurious lifestyle. Due to the lush amenities, the Intracoastal Waterway, and breathtaking ocean views, it is easy to understand why these condos in Pompano are so popular.

Whether you are in the market for a stunning investment property or a beautiful place as your home, the condominiums in Pompano Beach have something for everyone. There are some benefits to living in luxurious condos.

Plaza at Oceanside

The extraordinary Plaza at Oceanside, located at 1 N Ocean Blvd, was built in 2009. The tower has 186 residential units. You see carefully designed structures and high-end features everywhere, creating a sense of conformity and completeness.

Residents enjoy access to pristine beaches. This stately complex has Intracoastal and ocean views, high-speed semi-private elevator and private elevator, brush chrome hardware throughout the common areas and residences, unobstructed views due to high ceilings, individual climate control, and an expansive balcony with panel railings made of glass.

You enjoy a kitchen layout that maximizes space and ease of food preparation and cooking. The luxurious kitchens have marble floors, granite countertops, European custom cabinets, and stainless steel appliances.

Oversized master suites have large walk-in closets and sitting areas, large soaking tubs in a spa-like ensuite, dual vanities with marble countertops, and showers enclosed with frameless glass doors. Little details make a big difference. Attention to detail is reflected in recessed lighting, wiring for digital cable, and high-speed internet. The oversized laundry has enough space for a front-load washer and dryer. Plaza at Oceanside complex amenities include:

A News Cafe with a large-screen TV

Indoor Golf Simulator

A world-class fitness center with state-of-the-art fitness machines

A luxurious theater

Media room

Playrooms for children and teens

Resort-style heated pool having lap lanes and beach entry

Interior Design by Steven G

The city has been restructured to ease the flow of pedestrian and vehicle traffic. Condo sales here are a rare find. The turnover of residences is low.

Waldorf Astoria Residences

The Waldorf Astoria Residences in Pompano Beach, FL, are inspired by the classic grandeur of the Waldorf Astoria Hotel. Every residence encompasses the beauty and scale of the building and its original architecture. It is the ideal balance of practical and aesthetic considerations.

The Waldorf Astoria Residences sit on a two-acre oceanfront site. It has 92 residential units that offer world-class architecture and design. Nicholas Architects head it in collaboration with Enea Landscape, BAMO, and KORA. The hospitality-infused amenities include:

Approximately two dozen boat slips

A pool

Cabanas with poolside dining

Jacuzzi

A beachfront cafe offers room service

One of the prominent features is Peacock Alley. It is a residents-only space that serves as the central gathering place for residents to see and be seen. A crafted clock in the main lobby is inspired by one at the Waldorf Astoria, New York.

It is an iconic landmark in the flagship hotel and part of its New York City lore. The influence of the original hotel extends to over 15,000 square feet of amenities. The homes are available in various sizes and crafted for single-family living.

They range from two to five bedrooms and vary in size from 2100 to 6100 square feet. Every residence has a private elevator foyer, high ceilings, and floor-to-ceiling windows highlighting stunning Intracoastal and ocean views. Other standard features include top-of-the-line Sub-Zero and Wolf appliances, custom Italian cabinetry, and oversized balconies. The residences are ready for occupation with a choice of designer finishes.

Salato Residences

The ultra-luxury Salato Residences are at 305 Briny Avenue in Pompano Beach, Florida. The expertly designed residences rise 100 feet from the beach with a pristine oceanfront. Forty private residences include six penthouses designed by Randall Stoff Architects.

The interior features include floor-to-ceiling windows that offer spectacular views of the ocean. An amenities deck extends more than 20,000 square feet, with direct access to the beach. The residences are designed to feel like worldwide luxury resorts.

Individual residences range from 2,106 to 3,354 square feet. They feature open floorplans with vast living space and 14-foot-deep terraces 320 to 746 square feet in size that provide phenomenal outdoor living and entertainment. All residences have three bedrooms and three and a half bathrooms. Amenities include:

An event room with a private chartering kitchen

Residents’ lounge with nutrition and juice bar

State-of-the-art fitness center

Massage room

Steam showers and dry saunas

Poolside lounge suite with private wine locker and bar

An ocean-view pool with separate loungers and a wet deck

Full-time pool and beach attendants

24-hour concerige service

Valet parking garage

The residences have an impressive selection of finishes and the absolute finest quality furniture. 10-foot windows and sliding doors surround each living space. Any chef would feel at home in the kitchen with custom European cabinetry and Wolf and Sub-Zero appliances.

The owner’s suite features a walk-in closet and a luxurious bathroom retreat. Stunning solid quartz countertops, porcelain tiles, and custom European cabinetry in the guest bathrooms give a sophisticated atmosphere. Residents and their guests enjoy the privacy provided by semi-private foyers and elevators.

Casamar Residences

Casamar Residences oceanfront condo in Pompano Beach, located at 900 N Ocean Blvd, designed by Arquitectertonia, has 119 units. It is situated on 3.2 acres and has 283 feet of oceanfront frontage. Each has direct, unobstructed oceanfront views. Casamar offers two, three, and four-bedroom units.

Every floor has six units. The smallest unit for sale has two bedrooms and a den that ranges in size from 1350 to 1700 square feet. Three bedrooms plus den units range from 2500 to 3000 square feet. Four-bedroom and den condominiums range from 3300 to 3934 square feet. Amenities and services include:

Personalized concierge services

Sunrise and sunset swimming pools

The Promenade Lounge

State-of-the-art fitness center

Multimedia and gaming tables

Virtual Golf Simulator with a mini bar

Lobby Welcome Station with light snacks and coffee

Open green gathering space

Pickleball court

Valet parking

Water sport storage

Pet washing station

The flow-through floorplans feature floor-to-ceiling windows that provide breathtaking views of Pompano Beach, the ocean, and the Intracoastal Waterway. All residences have unobstructed eastern views.

Tranquil and spacious master bathrooms feature a deep soaking tub, beautiful vanities, Hansgrohe fixtures, and contemporary finishes. The laundry room per unit has a full-size washer and dryer. Most units have a sink.

A customized password-protected app manages the spacious pre-wired smart home. Casamar Pompano Beach condo is in an excellent location close to marinas, golf courses, stores, and restaurants. It is 20 minutes from downtown Fort Lauderdale.

Ritz-Carlton Residences

A remarkable collection of magnificent amenities and luxury homes, with a landscape concept and interior design by Piero Lissoni, is like no other. The Ritz-Carlton, 1380 S Ocean Blvd, comprises two striking towers designed by Luis Revuelta.

They are on sprawling property that spans the waterfronts from Intracoastal to the Atlantic Ocean. The Ritz-Carlton gives homeowners direct access to a private yacht club and beach. The Beach Tower is a beachfront property with 31 stories and 117 larger condominiums.

Across A1A, the Marina Tower has an Intracoastal frontage and 14 stories. All of the condo development is residential. Residents of the Ritz-Carlton Residences enjoy stylish indoor and outdoor common areas with floor-to-ceiling windows. There are firepits, gardens, and plants throughout. Amenities include:

Three infinity edge pools

Two oceanfront and one marina front

Yoga Garden

Events lawn

Dog park

Outdoor wellness pavilion

Pickleball court

Bocce court

Valet services

Reception and concierge desk

Oceanfront lobby

The breakfast room and bar have outdoor seating

Fitness center

Lounge and library

Beauty salon with mani-pedi

Barbershop

Beach bar and grill

The Beach Tower has two, three, and four-bedroom residences. One, two, and three-bedroom units are found in the Marina Tower. They maintain the height of luxury, but each has a specific character. The goal was to design the buildings as welcoming and comfortable environments and create sophisticated places for socialization and relaxation.

The Beach Tower has a contemporary design using pure forms and lines expressed through light colors and natural materials. In the Marina Tower, slightly darker colors are used. Detailed and theatrical lighting is elemental in cultivating a welcoming and intimate environment. Large glazed volumes give the space definition and bring a Caribbean nature indoors.

Honorable Mentions

A few other stunning, luxury condos in Pompano Beach are the following:

Sonata Beach Club

Sabbia Beach

Ed Cook Real Estate Has Luxury Condos for Sale

Ed Cook Real Estate knows that Pompano Beach, FL, offers the ideal blend of day and nighttime action, an active lifestyle, and beachfront beauty. The beachfront dining options and fishing pier are part of what energizes the Pompano Beach Fishing Village.

Our Pompano real estate company has luxury condos for sale in Pompano Beach. We have listings for luxurious condos in Palm Beach County and Lauderdale by the Sea. Luxury condos for sale in Pompano Beach offer a stunning rooftop terrace, generous balconies, a nice pool, and much more.

Contact Ed Cook Real Estate on Ocean Blvd. today to search for new construction Ocean Blvd condos or search condos in nearby zip codes for all your Florida condo and real estate needs in beautiful Pompano Beach, FL!

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realestateedcook · 2 years

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Florida Real Estate Market In 2022

Know about the predictions for Florida real estate market by 2022. and what experts like Vaster Capital, Freddie Mac are saying about the future!

#Florida Real Estate Market In 2022 #Predictions For Florida Real Estate Market By 2022 #Florida Real Estate Market 2022 #Real Estate Market Florida 2022 #Florida Real Estate Market #Real Estate Market In Florida #Real Estate Market #Real Estate #Real Estate Property #EDCookRealEstate

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realestateedcook · 2 years

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Florida Real Estate Market In 2022

Predictions For Florida Real Estate Market By 2022

Ever wondered what will happen to the Florida real estate market in the next few years? It may be a hot business right now but we cannot tell what exactly will happen. However, it is possible to predict probable outcomes using data and trends. This will help us to foresee what to expect as we move forward. Experts at Vaster Capital have compiled Florida real estate market data and research to guide you throughout 2021 and 2022. Here are some ideas about the Florida Real Estate Market In 2022!

More people will move to Florida

Did you know that Florida has been a favorite state to move to for most Americans? COVID-19 has even made the state more appealing to people due to its sunny atmosphere. This was even strengthened as work from home options have become a trend in most industries!

Current interest rates remain low

Florida is not the only state in the US experiencing an abundant thrive in the real estate market. This trend has also been seen all throughout the country as interest rates have been offered lower. You can take this as good news because the Federal Reserve announced to keep interest rates low at least until 2023!

The demand will continuously overpower the supply

Currently, the demand for real property is more than the available supply. This is because the generation of more than 72 million millennials is entering into property buying for the first time. A lot of them have saved enough cash to afford a down payment. Most of them also want to take advantage of low-interest rates!

New home construction will gain popularity

Labor issues as well as supply will start to resolve as we find more ways to move away from this pandemic. This will enable home construction to meet demands!

Multifamily real estate will thrive extremely

The single-family home market has been growing in the past year. However, multi-family homes will be more lucrative as we move further. People who would opt to rent will have more finances and will be moving away from the economy we are seeing now with this pandemic going on!

Vacation rentals will gain more popularity than before

People will become more anxious to travel after a long period of being ordered to stay at home. To experience a change of environment, vacation rentals will be a popular choice!

Real estate prices and rents will increase continuously

As we know, the higher the demand, the more expensive it will be. This is the same when it comes to real estate properties. According to Freddie Mac, home prices will rise in 2021 and 2022. Moreover, even as the economy improves after this pandemic, interest will still remain low with eager buyers entering the market. In return, prices will steadily increase!

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realestateedcook · 2 years

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Condos For Sale

Learn about the best ways to stage a condominium for a quick sale. great staging tips for every room in your condominium and mistakes to avoid!

#Condos For Sale #Condominium For Sale #Condos For Sale In Florida #Best Ways To Stage A Condominium For A Quick Sale #Florida Condos For Sale #Condo For Sale Near Me #Buying A Condo #Condo Living #Condominiums #Pompano Beach Property #Real Estate #Real Estate Property #EDCookRealEstate

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realestateedcook · 2 years

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Condos For Sale

Condominium For Sale

Has your condominium been in the market for quite some time now? Have you ever wondered why potential buyers change their minds after a visit to your property? Maybe you need to do something different to make it more appealing to prospective buyers. One way to increase your chance of selling a condominium is by staging it. Apart from improving its appearance, staging a condominium can also increase its value. If you have no idea what this is and how to do it, here are some helpful staging tips on how to stage a Condo for a quick sale!

Staging Tips For Every Room In Your Condominium

Here’s everything you need to know on how you can make every room in your condo more marketable:

Improve Living Room

Improve Dining Room

Improve Kitchen

Improve Bedroom

Improve Bathroom

Improve Exterior

Best Ways To Stage A Condominium For A Quick Sale

Here are some tricks that can increase the chance of successfully selling your condo:

Hire an experienced realtor like Ed Cook. Ed Cook Real Estate is the best realtor for condominiums in Pompano Beach!

Use wide-angle lenses to capture photos. It can make the condo look more spacious. But don’t overdo it, as it may paint a wrong impression with the buyers in terms of size!

Don’t exaggerate window treatments. Since condos have limited windows, avoid heavy draperies to let natural light shine through. Keep the window bare or use blinds!

Clean your condo. We can’t emphasize enough but cleanliness is everything. Even if you have luxurious pieces of furniture if the rooms are not clean, no one will want to buy your space!

Post online and be active on different social media platforms like Facebook, Instagram, etc. Just make sure the pictures you post are the same as what the buyers will see when they visit the place!

The exterior is as important as the interior!

When in doubt, always opt for neutral shades and minimalism. Most of the time, the less furniture, colors, and patterns, the better!

Staging a condominium is not that hard as long as you know the basics and avoid making common mistakes. Remember that when staging a place, always keep in mind what buyers would want to see. Let them create an image on their minds of how it would feel like living in that place!

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realestateedcook · 2 years

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Buying A Condo

Things to consider before buying a condo in Florida, especially for location, budget, the developer most important a trusted real estate broker!

#Buying A Condo #Things To Consider When Buying A Condo #Buying A Condominium #Condo Buying Tips #Best Tips For Buying A Condo #Condo Living #Condominiums #Before Buying A Condo #How To Buy A Condo #Pompano Beach Property #Pompano Beach #Real Estate #Real Estate Property #EDCookRealEstate

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realestateedcook · 2 years

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Buying A Condo

Things To Consider When Buying A Condo

Are you thinking about Buying A Condo? Buying A Condominium has a lot of perks including security, less maintenance, affordability, and amenities. But these are not just the things you need to consider when buying one. Below are some considerations you should know to ensure that you get your money’s worth!

Location

Location is one of the first things you must consider when buying a condo. It is true that developers won’t just do any project just about anywhere, so most condominiums are perfectly situated. But you need to ask yourself about the places that matter to you or the places you commonly go to such as work, school, or the market!

Budget

Knowing your exact budget will help you filter your options and give you more time to look for the right places to inquire. It will also help you in knowing the type of loan you will need. You should also be aware of the condo fees and the upkeep of the properties, amenities, and other costs!

Developer

You must know the reputation of the developer who put up the building. Do some research on your own about the developer because your agent won’t probably tell you about everything. Make sure that the developer of the condo is reliable and has many reputable projects in their name. You can go online and message boards of those living in their projects or directly talk with the residents!

Real Estate Broker

Finding the right real estate broker is very important in the process of buying a condo. Your broker should have a good record in condo sales and must be able to explain to you any concerns you might have. A good broker should also give you knowledge on which developments have fared best in resale values!

Amenities

Decide on what type of amenities you want. Condos offer different types of amenities and it is essential to know what amenities you will use and whatnots. Remember that you are buying access to these amenities when you purchase a condo, so you must be vocal about the amenities you will enjoy and use!

Know its History

If the condo you’ve been eyeing has a previous owner, then you must gather information regarding the unit. Ask your broker or the previous owner the reason why they are selling it. It is also vital to know how long they have owned the property. The condo unit should be well-maintained so that you know you’ll get your money’s worth!

Professionally Inspected

Whether the condo you are buying is new or a resale one, you need to be assured that the unit has been professionally inspected. Ask for a professional inspection report from the seller and make sure that you verify that information!

Rules

Not all condos have the same rules. You need to be aware of the policies before buying one. If you are a pet owner, make sure that the community allows pets. Don’t buy a condo if there are rules that restrict you from the things you can’t live without. It is also important to know if you can rent out the unit if you need to. Make sure that you read the rules line by line before you decide on buying the unit!

Fine Print

Before signing any contract, you must read and understand all the documents, including the fine print. Everything that is written should be clear to you so that there won’t be any problems in the future!

Buying a condo is truly not an easy process. Condo hunting can be very overwhelming, but we hope that this guide will help you find your perfect place!

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realestateedcook · 2 years

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Pompano Beach Real Estate Taxes

Ultimate guide about real estate taxes in Pompano Beach, tax Payments, modes terms of payments and answers of frequently asked questions!

#Pompano Beach Real Estate Taxes #Property Taxes #Pompano Beach Property Taxes #Property Taxes In Pompano Beach #Property Taxes In Florida #Property Tax Rate #Pompano Beach Property #Pompano Beach #Real Estate #Real Estate Property #EDCookRealEstate

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realestateedcook · 2 years

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Pompano Beach Real Estate Taxes

Property Taxes

When it comes to real estate in Pompano Beach, it pays to know all the information about tax bills to avoid paying delinquency interest and fees. in Pompano Beach, property taxes vary depending on the state, type of property, value, and a lot more. When it comes to buying a property, it is important to consider property taxes. Whether it is to refinance old mortgages or buy a new one at Pompano Beach, it is essential to learn the current mortgage rates in the area. Here We will discuss everything you need to know about Pompano Beach Real Estate Taxes!

What Are Property Taxes?

Property owners, whether individuals or corporations are required to pay property taxes or real estate tax. The amount of tax an individual has to pay is calculated by the local government where the property is situated. Most of the time, the tax is based on the value of the land and the property owned. But sometimes, tax computation also includes boats, cars, and other tangible personal property depending on the jurisdiction. The tax paid by property owners will be used to finance improvements for the benefit of the community such as the construction of roads and highways, fire protection, libraries, law enforcement, education, and sewer and water improvements!

Each county in Florida has several property appraisers. Take note that a property appraiser is not responsible for setting the property tax rates and tax payment collection. However, a property appraiser can help ensure fair assessment value on all properties and in applying for all applicable exemptions. The appraised value of a property for instance in Pompano Beach is not the basis of property tax rates but the assessed value. Assessed value takes into consideration exemptions such as assessment limitations on Save Our Homes and homestead exemptions!

Homestead exemption can reduce the property’s assessed value by $50,000 for most property taxes. Homeowners can still benefit from the Save Our Homes assessment limitation even if they already received the homestead exemption. It is recommended for homeowners in Pompano Beach to review their yearly TRIM or Truth in Millage. This declares the assessed and appraised value of their home. If the property’s appraised value is way higher than the amount the home can be sold for, the homeowner can file an appeal. Filing can be done in the county adjustment board. However, it is essential to move quickly in filing an appeal as only 25 days is provided to do so!

Broward County Tax Collector

Tax bills in Broward County are sent through the mail by Broward County Tax Collector which is under the Records, Taxes, and Treasury division. Every year, they send over 500,000 property tax bills. Pompano Beach real estate owners can expect to receive their annual property tax bills from Broward County Property Tax Collector. Tax bills are mailed in the first week of November!

Individuals who recently bought a property in Pompano Beach and have no idea how much property tax they need to pay can request help from a Broward County Property Appraiser!

Tax Payments

There are several methods of tax payments in Pompano Beach. It can be through online payment, the envelope included in the tax bill, through Wells Fargo banks within Broward County, or by physically visiting the office of the Tax Collector. Tax payments should be made no later than the last day of March or they will be considered delinquent. Property taxpayers can get a discount if they pay their tax bill in full between November 1 to February 28!

November – 4%

December – 3%

January – 2%

February – 1%

Modes of Payment

Online Payment

Envelope Included in the Tax Bill

Wells Fargo Banks

Tax Collector’s Office

Terms Of Payment

Partial Tax Payment

Installment Tax Payment

The property tax rate in Pompano Beach Florida is 1.07%. This means that a homeowner who has a property assessed value at $150,000 will be paying $1,605 annually. However, it will be lower if the homeowner is eligible for the homestead exemption. If you are a qualified home property owner, then you can get a homestead exemption of up to $50,000!

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realestateedcook · 4 years

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Home Ownership Costs: Condos vs. Houses

Are you having trouble deciphering the financial implications of buying a house instead of a condo — or vice versa? Given the stress and time it takes to fully understand the differences between major upfront obligations, such as transfer taxes and down payments, it’s often easy to overlook the long-term impacts of a disparity in recurrent home ownership costs.

Nonetheless, omitting this initial step from your home research process can create real problems down the road, cutting your predicted savings rate and increasing the chances of you defaulting on your future mortgage.

To make sure this doesn’t happen, we’ve put together a brief primer on the four key ongoing home ownership costs you need to be aware of when choosing between a condo or house.

Maintenance Costs

Due to their smaller size, the upkeep costs for a condo are, on average, slightly lower than the comparative costs of maintaining and repairing a house. In fact, when it comes to houses, experts recommend that homeowners annually budget between 1% and 2% of their home’s value to put towards yearly maintenance costs.

Nevertheless, prospective condo owners will still need to consider the cost of the condo association fee, a monthly fee covering the administration and maintenance of condo building common areas and facilities. Depending on where your condo is located, the monthly cost of the condo association fee can range from $200 at the low end to over $1,000 at the high end!

Property Taxes

Even though it might not seem like a huge expense initially, property taxes can add up fast, especially if you plan on buying your home in a jurisdiction with a higher than average tax rate.

While baseline property tax rates are determined by your local district tax authority, further adjustments to the baseline are dependent on your property’s classification and market assessment characteristics.

In many instances, adjustments to your property’s tax rate are contingent on one of two key valuation factors: either square footage or the number of rooms. Because condos are almost always smaller than single-family homes, property taxes on condos are typically lower than on houses.

Mortgage Interest Rate

Servicing your mortgage will be the most significant ongoing cost of owning a home. Aside from increasing your down payment, the best way to reduce your mortgage repayments in advance is to secure a relatively low mortgage interest rate.

Unfortunately for condo owners, mortgages for houses are generally offered at a lower interest rate than mortgages for condos. The difference in mortgage interest rates is mostly due to the fact that lenders regard condo complexes, particularly old high-rise condo buildings, as a higher risk property type. While variations in mortgage interest rates will vary between lenders, the pricing adjustment for condo mortgages tends to be between 0.13% and 0.25% up from the baseline interest rate.

Homeowners Insurance

In most cases, the cost of maintaining homeowners’ insurance coverage for a condo is significantly cheaper than the cost of maintaining an equivalent homeowner’s insurance package for a house.

There are two main reasons for this disparity. The first reason is that homeowners’ insurance policies for condos are usually offered at a discount rate anyway — this is because the building’s dwellings and HVAC systems are already covered under the condo complex’s master insurance policy.

The second reason is that houses, on average, have higher square footage and tend to be more vulnerable to weather exposure. This trend means that houses have an increased likelihood of experiencing a claim event, such as structural degradation or storm damage, leading in turn to more costly homeowners’ insurance premiums.

Don’t Lose Sight of What’s Best for You!

Remember, just because the total cost of home ownership for condos tends to be lower than for houses, it doesn’t mean that buying and living in a condo is always the best decision for you. In addition to the average cost of home ownership, you should also consider the personal and financial impacts of comparative differences in down payments, spatial limitations, location preferences, and lifestyle suitability.

If you are having trouble understanding or calculating how home ownership costs vary between different property types, do not hesitate to bring your concerns to a certified financial advisor or trusted local realtor.

#home ownership #costs #condos #houses #Realtor #real estate #real estate agent

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realestateedcook · 4 years

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Basics Real Estate Investing

The Basics of Real Estate Investing

If you live in the city, chances are you’ve noticed the booming real estate industry. When you will ask around, most people would think that investing in real estate is a great way to increase wealth. However, not a lot of people get into it for so many reasons. Some of these include the complexity and commitment needed in order to be successful in the market.

Investing in real estate is not for everyone. It can be a slow investment and it can also be a challenging one especially if you plan to manage all the properties you buy. But what’s great about real estate investing is that there is more than one avenue to earn.

4 Ways to Invest in Real Estate

Renting Properties

The most common way to invest in real estate is to rent out properties. If you have a lot of properties you own, then you can rent these out so you can have another revenue stream. It can also become a consistent source of income given that you have a consistent renter.

However, renting properties is difficult because you are risking your properties to the damage done by the renters. There will also be times when there won’t be a renter at your place or the renter wants to pay a lower fee.

2. Joining Real Estate Investment Groups

If you don’t want to handle all the rental concerns of your properties, then you can join a real estate investment group. A real estate investment group focuses on managing real estate like hotels, resorts, and developers. When you invest in them, it is similar to buying stocks and you earn by getting dividends.

3. House Flipping

House flipping, also known as real estate trading, works by buying undervalued properties and selling it at a higher price. However, it is termed as “flipping” because people who buy properties aim to sell it in 3-4 months.

House flipping is recommended for those who have deep knowledge of the real estate market. Because the focus is on buying low and selling high, you have to know what actions you can take on the property that will allow you to sell it at a higher price.

4. Getting into REITs

REIT stands for Real Estate Investment Trusts. This occurs when a company uses the money they get from investors to support the construction and operational needs of building real estate properties. It works by selling stocks in the stock market. So if you have some stocks, expect to receive dividends.

REITs are special because they are only considered as such when they pay at least 90% of its taxable profits to stockholders. If they don’t, they lose their REIT status. Likewise, people investing via REIT can expect a regular income in the form of dividends.

Most people think that investing in real estate is difficult. Although this can be true, it is something that you can learn. With the right decisions and calculations, you can make the most out of the booming industry.

For all your real estate needs in pompano Beach, Contact Ed Cook today!

#real estate #real estate agent #Realtor #Properties #investing

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realestateedcook · 4 years

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Right Place Look Home For Family

The Right Place to Look for a Home for Your Family

A family may consist of the ones you love but what better way to celebrate that amazing bond than to all live under the roof of the home/condo you once dreamed of having and now finally live in? The bigger the family gets, the more the question “when is the right time to look for a house?” pops up a lot more often but the question isn’t always about when but also where. Moving around maybe something not everybody enjoys or looks forward to but to those who intend of improving the place they live in, this can cause quite a lot of excitement.

There are certain non-negotiable aspects when it comes to finding the right place for you and your family which is why the guidelines are a great consideration when it comes to finding the right property.

Your Home Needs To Be Accessible and Convenient

Finding properties that are accessible to work, school, certain hobbies, and friends is something you should consider when moving into the right property. Maybe the price is a bit high but then again is right where you need everything to be or maybe low but farther from your necessities, make sure the area is surrounded by the things you and your family most absolutely need no matter what. Take note, easy access to amenities and facilities you need saves you time, money and effort.

Safety First

Security when it comes to family is something we can’t bargain on. The priority is finding the right home property that is safe for the members of your family so everyone can continue to live a happy life. Finding out what your neighborhood is like is a great way to know about the security of the area. Maybe even asking the local law enforcement about your area could increase your knowledge of the property you are about to purchase.

It Needs To Be Affordable

Don’t go broke and overspend on your dream home but not have enough to feed your family. Price is a very important point of the whole discussion. To find out what you can truly afford, you’ll have to check your finances before making a firm decision. Not everybody can afford the most expensive house out there but that’s okay. It’s not about finding the most expensive property; it’s about finding the one that’s perfect for you and your family.

Buy a Memorable Home

Remember when you were a kid and you had these irreplaceable memories of the house where you grew up? That’s also something you should consider especially if you have kids. What kind of memory would this house bring to your kids? Their opinion counts and although they may not know quite a lot about the property, they sure know a lot about family. Listen to the opinions of everyone in your family to see if everyone is on the same page and can imagine a future before making a purchase.

The gravity of purchasing a property can be quite big and if you aren’t used to the stress it entails, you may not be able to get what’s best for you. Before walking in on a possible purchase, always look for those four points and assess everything before you make a decision. Remember, you are buying an environment where you and your family will live which is why it is important to come to terms together.

The best place for your home is relative among everyone depending on what’s best for them. Some would rather live in a condo, a house, an apartment, or any other form of the property but the end game is the same. Everyone wants to live in a place that makes them and their loved ones feel happy.

#Realtor #real estate #real estate agent #Properties #home for sale

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realestateedcook · 4 years

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Signs of the Real Estate Market Increasing Again

Is The Real Estate Market Increasing Again?

Since 2006, the real estate market has seen severe depression and has had its ups and downs, but in 2014, we’ve seen the real estate market increasing again. The previous decade saw a huge spike in real estate pricing, and that culminated in the eventual real estate bubble burst in 2006 and a financial crisis as well. Then the crash came, and real estate prices fell precipitously.

The Case-Shiller Housing Index, which tracks real estate pricing nationwide, lost a whopping 33% from its peak in 2006 to its low point in 2012. But almost as quickly, real estate investors flocked back as they realized that it could mean great profits if they get in at the bottom. Since housing recovery began two years ago, the Case-Shiller index has shown the real estate market increasing again, getting over 10% pricier year-over-year.

The rapid appreciation in pricing has caused a shrink in the inventory of homes on real estate market. This is because prospective sellers aren’t so eager to jump into what seems like a buyers’ market. This dynamic is very frustrating, especially for people who are first-time homebuyers as they face a double threat from both banks, not wanting to lend to anybody except the most creditworthy people and from homeowners, not wanting to sell while real estate prices look like they’re on the way up. With the real estate market increasing again, this might be changing for the better.

New data shows a decrease in the rapidly rising home prices that were seen in 2013. Historically, the appreciation of home prices occurs only slightly faster than that of inflation, and there’s plenty of reason to believe the real estate market will settle back into this more comfortable pattern once again. Furthermore, data released from Clear Capital, a real estate valuation firm, is actually more updated than the Case-Shiller figures and shows that real estate prices which were non-seasonally adjusted, tended to remain flat nationwide during the winter season of 2014 and that the prices fell in certain regions of U.S. such as the Midwest.

Even though the Clear Capital data isn’t seasonally adjusted, and most likely the poor winter weather depressed real estate activity in certain areas of the country, the data still shows the real estate market increasing again and the rapid price increases that we saw during 2013 will not be as much of a factor going forward.

The data from Clear Capital also shows that one of the principal stories of this real estate recovery — cash-rich investors who buy single-family homes for very low prices — could be soon coming to an end. According to the report from Clear Capital, home sales in the low price tier (those that sell for $95,000 or less) have added fuel to the real estate recovery for the past two years. This affordable sector attracted a large enough number of buyers to drive the prices up some 31.8% from the prices seen when the market hit bottom in 2011. During the last quarter, these low tier price gains slowed down to just 1.2% which is a marked difference from the 3.7% gains a year ago. This stabilization, a good indication of the real estate market increasing again, couple with the excellent rates of growth that have not been seen since November 2011, could definitely motivate many first time and “move-up” home buyers to get into the real estate market and make their move. Call Ed today for to schedule your showings at 732-997-8620.

#real estate #real estate agent #real estate broker #real estate pompano beach

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realestateedcook · 4 years

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1 N Ocean Boulevard #612, Pompano Beach, FL 33062 (MLS # RX-10566712)

Welcome to the Plaza at Oceanside Resort Luxury Lifestyle ! Immaculate 2 bedroom/2 bath split design sky residence features high-end marble flooring throughout an open floor plan, a European kitchen with beautiful Poggenpohl cabinets, Viking stainless steel appliances and granite countertops. Enjoy an expansive master bedroom suite featuring two large walk-in closets and a luxurious Roman tub, over-sized shower and two-sink vanity. Enjoy your extra-large private terrace offering a charming treetop vista. A remarkable entry price for the Oceanside lifestyle which features world-class amenities including a huge resort style infinity-edge heated swimming pool, state-of-the-art fitness center, tennis, virtual golf, ocean-view club room, News Cafe with complimentary concierge breakfast,

#1 N Ocean #Boulevard #612 #Pompano Beach #FL #33062 #MLS RX-10566712

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realestateedcook · 4 years

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1 N Ocean Boulevard #1508, Pompano Beach, FL 33062 (MLS # RX-10587619)

SPECTACULAR TWO BEDROOM CONDO WITH A DEN AT THE LUXURIOUS PLAZA AT OCEANSIDE LOCATED ON THE 15TH FLOOR WITH BREATHTAKING INTRACOASTAL AND CITY VIEWS FROM EVERY ROOM. PLENTY OF NATURAL LIGHT AND AN OPEN FLOOR PLAN WITH FLOOR TO CEILING WINDOWS WITH A SPACIOUS OPEN TERRACE FROM THE LIVING ROOM AND THE MASTER SUITE. SOLD TURNKEY WITH GORGEOUS FURNISHINGS AND DECOR DESIGNED BY AN INTERIOR DECORATOR. THE GOURMET KITCHEN HAS EUROPEAN STYLE CABINETRY, VIKING STAINLESS STEEL APPLIANCES AND GRANITE COUNTER TOPS. THE OVERSIZED MASTER SUITE HAS TWO WALK-IN CLOSETS AND THE GUEST SUITE HAS ONE WALK-IN CLOSET WITH A PRIVATE BATH. TWO GARAGE PARKING SPACES AND A LARGE STORAGE UNIT ALSO COMES WITH THE CONDO.

#luxurious #plaza #oceanside #PLAZA AT OCEANSIDE

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realestateedcook · 4 years

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South Florida Condominium Living

Combine Living And Playing In Your South Florida Condominium

There are many perks to living in a condominium. First of all, you get to live luxuriously without worrying about security, maintenance, and management. At the same time, most high-rise developments offer wonderful shared amenities that will provide you entertainment and even free access to a gym. Space is also not an issue because you still can find properties with enough rooms for you and your family.

Why South Florida Condominium Living Is Your Best Option

Most developments in South Florida can be found right along the Atlantic Ocean, so that with a few steps you are right at the beach. You can then enjoy your meals on your own balcony with the views, sounds, and smells of the sea. With temperatures remaining warm the whole year round, it can be the closest you can live in paradise.

It sounds like life cannot be better, but newer developments offer residents even more. Now, new condominiums offer you the option to not just a place to live, but access to your favorite sport or activity. Here are some of the examples:

For Surfing Fanatics

Those who love to ride the waves will never have to live so far away. In fact, if you happen to notice the perfect conditions in your balcony, you can quickly reach the water in a few minutes, depending on how fast you can get dressed and grab your gear. A few steps away, and you can be surfing those wonderful waves in Pompano Beach or Fort Lauderdale. Afterward, you can go easily reach home in a couple of minutes and it will be just like living on the beach itself.

For those who love to socialize

Imagine your new home having views and balconies on every direction, allowing you to sit outside during sunrise and sunset? Summer barbecue parties can be organized every day because your home will be everyone’s favorite party place. With lots of space for you to invite friends and family, as well as bigger rooms available for bigger events, you will always find a reason to celebrate.

Die Hard Golfer Paradise

Have you ever dream of actually living inside a country club? Now you can, and save time from driving to the golf course. In fact, this is the retiree’s dream, living in warm South Florida and hitting the course every day. It only gets better with the option of many restaurants and other facilities that you can find in any country club.

Great Area For Pet Lovers

One of the most difficult things for pet owners is finding a place that is friendly to four-legged family members. This is a thing of the past, as new developments are promoting themselves as not just accepting, but welcoming all furry friends. With bigger balconies offering them space to also enjoy the views, you will never have to think twice about adopting a new pet.

Newer developments aim to set themselves apart from others, but at the same time, provide all that residents would love to have within easy reach of their homes. There is no better time than now to invest in a condominium in South Florida at The Plaza at Oceanside or other nearby development and find the best quality of life possible!

#South Florida #Florida #Condominium #Living

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