Ray Peckham Real Estate

Facts About Surfside Homes / Buy and Sell Wisely

Surfside has special regulations

Every area has its own building regulations. You need to know how these restrictions will affect the design of your Surfside home. Issues to consider include zoning, setbacks, rights of way and easements. Most subdivisions have CC&Rs (Covenants, Codes and Restrictions). Studies of Surfside demonstrate that these carefully to make sure they are not too restrictive for your needs or create excessive building costs.

Surfside Homeownsers Insurance

Bundle your Surfside insurance policies. Some companies that sell homeowners, auto and liability coverage will take 5 to 15% off your premium if you buy two or more policies from them.

Reduce Your Risk. Find out from your insurance company what steps you can take to make your Surfside more resistant to natural disasters. If you live in an older home, look into modernizing your heating, plumbing and electrical systems to reduce the risk of fire and water damage.

Surfside Home Improvement

Homeowners hear a lot about improvements that might add value to houses. But less attention is paid to what to avoid. Steer clear of renovations that will cost you money at resale time.

If an Surfside home becomes conspicuously larger -- and more expensive -- than those around it will risk becoming hard to sell. Additions tend not to return their entire investment. The 2005 "Cost vs. Value Report" found that homeowners were able to recoup only 83% of the cost of a family-room addition and 82% of a midrange master suite.

Building Surfside Home Equity

A popular question from prospective Surfside homebuyers relates to building home equity. Buyers like to estimate how much a home may increase in value based upon past appreciation. One of the many advantages of home ownership is that appreciation is based on the home’s market value rather than on the actual dollar amount invested or the down payment so that a $100,000.00 home that appreciates 5% is now worth $105,000.00, especially in Surfside.

With a typical 30-year loan, most of your monthly payment goes toward interest payments with only small amounts going to the principle in the early years. Only half the principle is repaid in the first 23 years of the loan. You can build Surfside home equity faster by choosing a 15-year loan instead of a 30-year loan.

Buying Surfside Real Estate...Will it Pay?

With a typical 30-year loan, most of your monthly payment goes toward interest payments with only small amounts going to the principle in the early years. Only half the principle is repaid in the first 23 years of the loan. You can build equity in your Surfside faster by choosing a 15-year loan instead of a 30-year loan.

As a Surfside real estate owner you have the right to pay more towards the principle loan amount each month. Let’s say your monthly payment is $700.00 a month and $100.00 a month is being applied to the principle. If you choose to pay $900.00 instead of $700.00, the $200.00 overage will be applied entirely to the principle. Thus, instead of gaining $1,200.00 a year in home equity, you gain $3,600.00. Investing in Surfside can be a very good idea.

Surfside INFORMATION

The Internet makes it easy to get Surfside information online from dozens of Websites that all have the same data. Beyond information on the Internet, experienced real estate agents and brokers who know the area well will be able to fill you in on details that usually do not show up on these online data bases.