Posted in Uncategorized

New Construction: What Is Standard vs. Upgrades?

Model homes commonly showcase almost every upgrade offered by the builder.

New home buyers often fall in love with the model homes they visit because the builders hire interior designers to showcase almost every premiere feature they offer. As such, it is important to clarify what IS and what IS NOT included in the model that you buy.

Here is a list of typical upgrades offered by most new home builders:

  • Coffered, Vaulted, or Raised Ceilings,
  • Built-in Shelving, Alcoves, Art Niches, or TV Cut-outs,
  • Bonus Room, Mud Room, Laundry Room, In-Law Quarters, or Sun Rooms,
  • Covered Patio or Lanai, Wood Deck, Brick Paver or Concrete Slab Patio,
  • Swimming Pool (with Option to Screen Patio),
  • Landscaping (Front/Rear/Sides),
  • Fireplaces and Mantles,
  • Covered Porch,
  • 1 to 3 Car Garage and/or “Porto Cochere” (carport),
  • Dormers (real or faux), Shutters (real or faux), or Decorative Windows (such as “Bay” Windows),
  • Skylights or Recessed Lighting, and
  • Optional Siding (Brick, Stone, Stucco, or Log Siding). Note: I recommend you avoid buying a home with synthetic stucco, vinyl, aluminum, Hardy board (aka T-111 siding), or Masonite lap siding. These low cost options have aged poorly in the past and may cost you money for replacement when you want to sell, as well as lose its luster and reduce your home’s curb appeal.

Also, keep in mind what others are doing in your neighborhood. An appraisal rule of thumb to keep in mind is that if your home is the only one in the neighborhood that has a fancy “thing-a-ma-gig” that nobody else has, it will be deemed an “over improvement” and not be given weight to the bottom line market value of your home.

In closing, when negotiating the features of your new home, be sure to get the cost of each upgrade upfront and in writing and stick to your budget. Compare the builder’s costs versus doing it yourself, or consider the cost of outsourcing some of these optional items, such as the pool, on your own, post-purchase. But do keep in mind that any items included now will also be financed into your home loan at highly remarkable, low interest rates – in today’s market October, 2020 – that’s under 4% for a fixed 30-year loan.

Best of luck in your new home construction purchase!

Posted in Visions of the Future

5 Things on Miami’s “To Do” List for the Future!

What Do You Think Could Make Miami Even Greater in the Future?

miami

Being a visionary, I’m always thinking about the future, so here’s my “Top 5” suggestions of what I think Miami should have in future:

1.  Miami needs a Chinatown! I propose we designate North Miami as the location for Miami’s Chinatown on N.E. 163rd/167th Street!

OLYMPUS DIGITAL CAMERA

2.  We Want the  Metro rail to Actually go Somewhere! We Want It to Take Us to Key West!

Let’s call it, “The Key Lime Express!”

key lime

Let’s market it in the heart of Merrett Stierheim’s famous slogan,

“Miami, See it Like a Native!”

Can you imagine getting on the Metro rail in downtown Miami or at the Dadeland Station, Cutler Bay or even Homestead and riding along US-1 and the beautiful ocean as you cruise down to party for the weekend in Key West? What do you think it would do for the hotels and restaurants down here? 1 word, “awesome!” While we’re at it, why not have a CLUB CAR with dining, luxury seating and a bar serving Mojitos?! 😉

Subway Station in Munich

One more thing, let’s get the  Metro mover to move us over to Port Miami.

$10 for a 2 minute cab fare! Seriously? :-/

3.  What if We Were to Get a Universal Studios in Homestead?

 

This is my son, Sebastian at Universal Orlando

This is my son, Sebastian, at Universal Orlando

4.  Speaking of Homestead, Why Not Give Them a Few Resort Casinos Too! How about the Bellagio?casino

 

Can you imagine listening to Andrea Bocelli perform in concert with David Foster whilst sitting by the water feature at the Bellagio in Homestead?! WoW!!!

While we’re on the subject, let’s give Kendall a casino too!

How about building a hotel casino with some slots like this at the Palms of Town & Country?kendall casino

 

and last, but not least,  Hialeah, We Haven’t Forgotten About You!

5.  How would you like to get a makeover? Then, Let’s Give you the Cinderella “Rags to Riches” Treatment and Build You Some …Brand New Hollywood Style Movie Studios!

movie projector

 

Miami, You ‘re a Beautiful City and We LOVE You! Let’s keep you “Magically” Delicious in the Future!

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