If you are considering building a new home in southwest Florida, specifically Charlotte county, now may be the time to do it. With current resale inventory being at record lows many people are opting to build a new home. One community, South Gulf Cove has new homes being built everywhere you look.
After the real estate market crashed in Florida, Charlotte county reduced the impact fees to encourage building. It worked well and there have been hundreds of new home starts through out the county. Seems like the bulk of the new home starts have been in the waterfront community of South Gulf Cove. That building has also been spreading to non waterfront lots and is growing rapidly. It is being discussed that possibly beginning April impact fees may be reinstated over a 3 year period, 33% per year for an approximate total of $10,000
People seem to gravitate to this community because of what it offers. There are light deed restrictions that really make the community stand out. For example, min square footage of a home must be at least 1500 square feet under air, no pre fabricated homes are allowed. Since it is a boater friendly community you are allowed to have your boat trailer parked alongside of your home. The community has city sewer and water which also is preferred by home buyers. The Home Owners Association is optional, should you choose to be a member it is only $75 per year. It is a very active community with many groups available to join everything from the Yacht Club to Arts and Crafts.
Boca Grande and Englewood's Manasota Key beaches, Charlotte County Sports Complex(Spring training camp for the Tampa Ray's & home to the Charlotte Stone Crabs), shopping, medical facilities, schools
and area attractions are minutes away.
Lot prices are down about 80% from where they were in 2005 so people are flocking here to take advantage of the low prices before they start skyrocketing again. We have already seen the price of waterfront and non waterfront lots double in the last 3 years. There is still much room for the prices to grow before we even get close to what similar waterfront homesites sell for in nearby areas.
In closing, if you are considering building a new home now is the time to do it before the impact fee is re implimented, building costs are continuing to rise, lot prices are going up rapidly and the selection is better than it will ever be since the best ones sell first.
Visit our website at:Buy Homes By Boat