Category Archives: Single-Family Homes

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Are You Retiring? Consider Downsizing Your Home

Retirement is an exciting time, and if you’re at that point in your life, it’s time to examine your current situation, financially and in terms of real estate, to determine how you want to spend your golden years. When you’re ready to retire, downsizing from a single family home to a highrise condo can be an attractive option— after all, it’s finally time to relax! Read on to find out how downsizing may be the right move for you!

Downsizing Doesn’t Mean Downgrading!

When you’ve invested in a single family home, you’ve got a lot of things. You might have an in-home office, a garage, a yard. When you trade all of that in for a highrise condo, the tradeoff has to be worth it. Luxury highrise condos are the way to go. Maintenance free, chock full of amenities, upgrades galore, and exquisite design details; your condo could be what you’ve always dreamed of having. Add in a gorgeous view, and you’re living in paradise! Why vacation? It’s time to live the good life every day.

Two Words: Liquid Assets

If you’re nearing retirement age, you may be in a situation where you have paid for most of your current home (if not paid it off entirely). Selling your home for a condo may leave you with a decent amount of funds that can be used as you wish. Maybe you’ll invest that money, add it to your retirement income, or make your monthly payment on your condo lower. Of course, every situation is independent to the individual, but it might be something to consider if you’re in that position.

Declutter and Live Freely!

Don’t think of downsizing as a negative thing. Think of it as finding the size that fits your current needs and an opportunity to leave a cleaner, less cluttered life. Downsizing can mean getting rid of junk! You have it, I have it, we all have it. But why should you surround yourself with things that just take up space? Live with what you need and live well. Donate items to charity and feel good about the positive impact you’re making. Yes, downsizing means that you will have less space. However, you are perfectly capable of living a happy life — if not happier, more relaxed life — in a highrise condo.

Less Work, More Reward

Highrise condos provide you with easy living! No more mowing and watering the grass, taking care of landscaping gardens, or cleaning the gutters! When you downsize to a condo, you’re rewarding yourself with, to put it simply, less work! Not only will you not have to go to your job, but you won’t have to do work around the house and handle general maintenance. And that means you’ll have more time to enjoy the things you love, like golfing, hanging by the pool, shopping, and eating out. The great news about living in The Colony in Bonita Springs is that you will never run out of things to do. We offer golf, kayaking/canoeing, fitness, a butterfly garden, and more.

You’re Retired – Enjoy It!

Luxury highrise condos are typically surrounded by things to do! You’ve been working your whole life, and it’s finally time to take time out for yourself. Highrise condos offer a ton of amenities within the building, like fitness centers, pool and barbecue areas, private golf courses, and some even have spas. Picture it now: you’ll be looking forward to Monday morning because you can go golfing, hit the beach, lay out by the pool or do exactly what you want to do. These are all things that highrise condos, like The Colony, offer. That’s what retirement is supposed to be all about, right?

Freedom to Travel

When you own a single family home, the thought of leaving it can be daunting — what if something goes wrong, and no one is there to tend to it? What if someone breaks in? Who will cut the grass? The list of worries could go on. When you downsize to a highrise condo, you won’t have to worry about who will take care of your home because your association will take care of it for you. And as an added bonus, most luxury highrise condos offer excellent security as part of the amenities they offer.

Safety First!

Speaking of security, not only will you not have to worry if you want to pack your bags and travel, but when you’re at home, your mind will be at ease knowing you’re living within a safe community that has its own private security. Solicitors won’t be able to bother you, and scam artists posing as solicitors won’t make it past the front gates. You’ll have peace of mind knowing that there’s surveillance in the unlikely event something might go wrong (after all, we do not live in a perfect world — but highrise condo living might be as close as you can get!). Security can get expensive in a single family home because you have to pay for the installation as well as monthly fees to keep it running, and even if you already invest in a security system, you likely don’t have actual security guards manning the entrance. Security won’t be free in a highrise condo, but it will wrapped up in a nominal HOA/condo fee.

Community Living

If you’re like many folks who have retired, you may have children who have grown up or perhaps moved away to attend college. Even if you’re married or have a significant other, living by yourself can get lonely. Highrise condos are an ideal situation for retired individuals because there’s a lot to do, and a lot of people around you who are at similar points in their lives and who likely share common interests. You can make new friends and enjoy spending time with the friends you’ve had for years. Individuals who invest in luxury highrise condos for their retirement years are looking for the same things you are because if they weren’t, they wouldn’t be there.

Retire in Style! Consider The Colony in Bonita Springs Today

If you’re in the beginning stages of planning your move to a highrise condo, I strongly urge you to consider The Colony in Bonita Springs, Florida.

We’re located in the quiet heart of Southwest Florida, with close proximity to beautiful beaches, high-end shopping, amazing dining, and more. Additionally, The Colony offers highrise condos with an abundance of amenities: kayaking, canoeing, a state-of-the-art fitness center, a butterfly garden, and more.

To learn more about luxury, highrise condos in The Colony, contact Jill Kushner, a real estate specialist and resident of The Colony. Simply call (239) 691-5505 or click here.

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Looking at July 2014 Stats for Townhouses and Condos

The market for townhouses and condos in Bonita Springs and Estero continues to heat up, if the latest report from the Bonita Springs – Estero Association of Realtors is any indication.

According to the report for July 2014, the area’s median sale price stood at $227,500, which was 13.8 percent higher than the $200,000 mark we saw a year ago. It’s also higher than the $215,000 we saw in June, although it is lower than the $235,500 peak for 2014 we saw in February. Overall, though, the trend is positive, and is significantly higher than the low point of the last 12 months ($185,000 in November 2013).

Analysis indicates that this trend is here to stay. Townhouses and condos simply are getting more valuable, which is good news for owners (and less than good news for those who have been sitting on the sidelines thinking about buying).

Homes at the top end of the market are doing well, too. The average sale price rose by seven percent, to $282,190.

Home prices are rising like they are because supply is falling. Active inventory stood at just 395, down from 879 from a year ago. There were just 65 new listings, compared to 72 closed sales and 79 new pending sales. This means homes are being purchased faster than they are being replaced, and are selling far faster – in just 50 days – than they were a year ago (when the median days on market figure was 100 days).

Current supply is at 3.9 months at current sales rates. That is in sellers’ market territory and a far cry from 6.7 months a year ago.

Townhouses and condos continue to be hot commodities. If you have thought about selling – or buying – now may be the time. Contact me for more info on getting started.

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7 Reasons You Should Be In Southwest Florida

Here’s an interesting statistic I just found. There are 78 million baby boomers  in the U.S., and professionals predict that one-sixth of them will spend part of their lives in the state of Florida. That’s almost 13 million new residents of Florida between now and 2023.” It’s no surprise to anyone who lives here! Here are just 7 reasons why Southwest Florida, especially Bonita Springs, is among the top choices.

7. Boating, Fishing & Golf– Our area has some of the best waterfront in the world. Fishing and golf are not hobbies here, they are ways of life.

6. Pristine – The word “pristine” comes up often when explaining our area to an outsider. It best describes the litter-less streets, low crime, clean beaches, expertly shaped landscaping and conscious efforts of residents to keep it that way.

5. Sunsets – Sunsets in Southwest Florida are very special to say the least, and for lovers, nowhere will you find more romantic sunsets than on Florida’s West Coast. Around the time of the setting sun, if you are anywhere near the Gulf, you are bound to be shoulder to shoulder with several others looking West. When the sun hits the horizon put your cocktail down and join the clapping, for you have just witnessed one of the most sacred moments on the Gulf: Sunset.

4. Weather –Bonita Springs’ weather has average air temperatures of 77 degrees Fahrenheit. The hottest summer months are July, August and September. The best weather months are November through May where there is little rain and less humidity. Gulf water temperatures range from the 60′s in the winter to the mid 80′s from spring through fall.

3. Beaches – Bonita Springs has some of the most beautiful beaches in all of Florida and it’s no wonder, since the word “bonita” in Spanish translates to mean just that, “beautiful”. The beaches that line the coastline attract people in from all over the world for the sun and the miles of soft, white sand.

2. The People – This one is easily #1. People who live here come from all around the world – mid-westerners, New Yorkers, Canadians, Europeans and everyone in-between. Southwest Florida is a global melting pot with one common denominator:everyone is extremely happy to live here! This attitude shows on the suntanned faces of most everyone you’ll meet.

1. The Colony Golf & Bay Club– Amidst scenic nature preserves and overlooking the glorious waters of Estero Bay and the Gulf of Mexico in Bonita Springs, The Colony Golf & Bay Club offers spectacular high-rise and mid-rise towers, custom single-family homes, villas and classic coach homes. Each distinctive residence within The Colony’s 809 exclusive acres is a modern-day renaissance representing the ultimate union of art and function. While this private, gated community defines grandeur and elegance, I realize that what usually inspires people is the lifestyle offered, including social opportunities, activities, sports and recreation, as well as security. The Colony has a unique array of amenities, and I want to make sure you’re able to experience it for yourself. I am passionate about The Colony, and once you see our little piece of paradise, I know you will be too.

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Buying a Resale vs. Buying a New Home

ColGolf1110 - Buying a Resale vs. Buying a New Home

It’s an age-old debate — the pros and cons of buying a resale vs. a new home. If you’ve already started your home search, you’ve undoubtedly become familiar with what you want in a home and neighborhood (and what you don’t). I have worked with clients who are unsure of whether or not to purchase a resale home The Colony Golf & Bay Club. So, I decided to dedicate a blog that highlights the merits of both.

The Pros of Resale

What You See is What You Get. When purchasing a resale home or high-rise you see immediately what you’re getting from upgrades to features to views.  This means there’s less risk involved than if you purchased a new home or waited for a custom home or high-rise to be built. There are no construction delays, labor disputes, or additional costs for options and upgrades.

Little to No Waiting Period. Things go wrong all the time with brand new homes – the builder goes out of business, the land is repossessed by the bank, there are construction delays – but with a resale home, you don’t have these issues. Moving into a resale home usually involves a set 30 to 90 day wait, while a new build can drag on for up to 2 years. This is something to consider depending on how quickly you want to move. For those seeking a second home or who are planning to retire, a resale may make more sense since it’s more convenient.

Evolved Neighborhoods.
 An established neighborhood, single-family home or high-rise tower are exactly that – established. The community you’re buying into has a distinct personality and reputation. With new construction, the chance always exists that the builder will not complete the project or that the quality of construction won’t be up to par with that of a resale.

Ability to Negotiate. With a resale, you go in expecting to negotiate the price, but there is little wiggle room with most new homes or high-rises. And new homes come in approximately 20-50% more than a resale. Always keep in mind that the starting price on a new home or high-rise is just that – a starting price. It doesn’t take into account the costs for options and upgrades.

The Pros of Buying a New Home or High-Rise

It’s All New. A newly constructed home or high-rise is less likely to experience the electrical shorts, leaks, and back-ups common in older homes. Plus, most quality homebuilders offer their customers guarantees on materials, mechanical systems, and coverage against structural defects.

You Can Customize. The great thing about a new build is you can customize everything – the countertops, the cabinets, the flooring, the light fixtures and more. When you take possession your home will be in move-in condition.

Green Construction. Many newer homes are built up to green standards, which are energy-efficient. Features like airtight doors and windows, advanced insulation technologies, modern appliances, will help new homeowners save money – and the planet.

It’s Current. New homes offer inviting new options like open kitchens, “great room” concepts absent of the rarely used formal dining spaces, spacious closets and higher ceilings.

Please feel to contact me with any questions you may have about purchasing a home, whether it is a new home or a resale at The Colony Golf & Bay Club. Together we can investigate what kind of home or high-rise residence is best for you.