If you decide to choose Cape Coral, FL as your residence, there are many factors you need to take into consideration to invest in the perfect home.
Buyers are often attracted to homes which are on Cape Coral’s endless waterways. Without a doubt, nothing is more enticing than a waterfront home overlooking one of the numerous canals, or the Caloosahatchee River, which has made Cape Coral famous.
Aside from the waterfront aspect, here are some other factors that will help you decide which property is ideal for you:
1. The Right Lot Type and Location
Of all the factors being taken into account when choosing a home, the location will always play a huge role in the decision-making process. Whether you desire to build your house close to the causeways or to other main attractions in Cape Coral, it’s always best to explore the options.
In Cape Coral, there are three lot options for you to choose from: freshwater, gulf access and dry lot. Freshwater Lot refers to the lot on the canal that doesn’t connect to the Gulf. It connects to other canals and is considered the most affordable waterfront lot option.
Gulf Access Lot provides you with an access to open water. This lot type is typically the most expensive, but it is also the lot option that has the best value. Aside from existing homes, many newly constructed homes also have gulf access.
In both cases, freshwater or Gulf access, a lot with lake view or an end of basin or canal costs more.
Dry Lots are the least expensive lot option. Dry lots near the gulf access ones are costlier.
2. Cost of living
While analyzing the cost of buying a home is important, the cost of living should also be factored in because it can also impact your buying decision. The fact that Florida doesn’t have a personal state income tax is another reason to consider this spot as an ideal location for buying a new home.
Home prices in Cape Coral are generally a lot lower than other coastal cities around the country. However, if you are not retiring here and will be working, consider that salaries also tend to be lower.
3. Home Builder
When it comes to the type of home to invest in, to each his own. This is why hiring a qualified contractor makes all the difference. A contractor who has years of experience in house building will assure you that your home will be built in the manner you approved. You might also want to consider checking the contractor’s reputation with the Better Business Bureau so you’ll have an idea whether or not you’re dealing with a trusted contractor.
4. The Type and Style of Home
Custom builders are able to help you build your dream home in the perfect style to match your tastes. Some prefer traditional styles while others opt for modern homes. Regardless of your preference, it’s essential that you discuss your options with your home builder. Be sure to review the materials, appliances, technology, landscaping and other house building essentials.
5. Insurance coverage
You can’t afford to let closing costs, home inspection, taxes, and insurance coverage take a back seat. They are just as important as others factors. The home inspection ensures that your home has been inspected for any defects. The inspector will check the home’s exterior and interior. You will also need to check if the property complies with the insurance requirements which vary from location to location. Home insurance and taxes are mandatory yearly expenses, make sure to add these to your budget calculations.
These factors will also help you plan based on your preference and budget. Carney Properties can help you make a sound decision.