A General Road Map to Buying a Home

Are you feeling overwhelmed by the prospect of purchasing your first house? With the right mindset and a little planning, buying a new home will not only be manageable but will leave you optimistic about your future. Laying out and following a general road map will get and keep you on the right track. Here are some suggestions to consider as you get going with the process:

Daring to Dream

Start your home purchase adventure by dreaming about the future. Where do you see yourself and your loved ones living? What are your needs? For many, a newer model home in a family-friendly area may be just the fit. Others who have the design bug may be looking for that 1850s or 1920s home that is destined to be renovated to its former glory.

If you’re looking for modern and don’t want to deal with the hassle that comes with the upkeep that older homes require, new construction could be right for you. Take pen to paper, outline what you want and need, and that will give you an idea of what kind of dream home you are looking for. When you begin the home search, you will be thankful to have a nice little checklist.

Setting Limits

Sometimes our dreams are bigger than our bank account, and that is why it’s important to rein in your dreams by looking at realistic numbers. Sure, you might get a loan to cover those big dreams, but you don’t want to live under the burden of a heavy monthly mortgage payment that leaves you feeling stressed every month.

If you will be getting a home that needs some TLC, then factor any potential remodeling costs into your price range. There are apps designed specifically to help with renovation budgeting, so do some playing around when you find serious candidates.

Ready to build from scratch? HomeAdvisor notes that new home construction will cost you anywhere from $165,961 to $474,252. If you choose to customize the home, that range will expand to anywhere from $350,000 to $1,500,000. Some factors that will increase the price are:

  • Number of stories
  • Size
  • Excavation
  • Design features
  • Shape

Choosing the Right Loan

If this is not your first house then you may be able to sell your current home for a profit and put that toward the cost of your next home. If you experience a loss or break even, or if this is your first home, then you will likely need to save for a down payment. Conventional mortgages require anywhere from 3% to a 20% down payment. If you are able to put down 20%, you can avoid the cost of mortgage insurance.

A conventional loan will also give you the option of choosing an adjustable-rate loan (perfect for those who see themselves in the house for a short period of time) or a fixed-rate loan (good for those looking for a forever home and a steady payment).

Building Your Team

As Forbes explains, choosing the right real estate agent will save you from confusion and stress. The right agent in your corner will be able to guide you in some of the following areas:

  • Choosing the right location.
  • Weeding out unworthy homes or those beyond your budget.
  • Setting appointments to view the home.
  • Negotiating a contract and price.
  • Explaining complicated legal and real estate terms.
  • Communicating with the seller and the seller’s real estate agent.
  • Walking you through a home inspection and appraisal.
  • Navigating closing matters.

Sometimes it’s best to add an attorney to your team as well, and some locations require one. If you hire an attorney, expect to pay between $100 and $200 in a rural location and double that in more urban areas.

The home buying process can go smoothly if you prepare. If you know what you are looking for, plan your budget, determine the right loan for you, and find the right agent to be on your side, then the rest will flow naturally. In no time at all, you will find that your dream has become a reality.

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Luxury Oceanfront Resort For Sale in Hollywood Beach, Florida

Investor Opportunity. Ideal For Green Card Investment.

Rare opportunity for an investor or owner/operator to acquire a distinctive boutique hotel in Hollywood Beach, Florida.

Since opening in 2016, the hotel has been recognized as one of South Florida’s finest hotels and resorts and has won numerous prestigious hospitality awards.

Buyer acquires a true turn-key operation, without any need for repairs, renovations or remodeling. The hotel was reconstructed from the ground up and completed in 2015.

Luxury Oceanfront Resort For Sale in Hollywood Beach. Call Brosda and Bentley Realtors for more information.
Luxury Oceanfront Resort For Sale in Hollywood Beach. Call Brosda and Bentley Realtors for more information.

14 Bedrooms

14 Full Bathrooms

1 Half Bathroom

14 Units

Interior: 5,459 sqft

Lot: 10,677 sqft

Luxury Oceanfront Resort For Sale in Hollywood Beach. Call Brosda and Bentley Realtors for more information.

Untapped source of additional potential income from catering services, events, take-out and even a restaurant. Some permits have already been obtained as well as a beer and wine license. The venue has a capacity of 80 – 150 guests.  The current CAP rate is 6.4%.

The property is offered fee simple and is unencumbered by a brand or management, affording a new owner maximum flexibility in an iconic beachfront location, which attracts millions of visitors each year. 100% operating hotel, outstanding reviews on TripAdvisor, it is a great business opportunity and rare find.

This offering represents a rare, “pride-of-ownership” opportunity to acquire trophy real estate in a world-class location.

Luxury Oceanfront Resort For Sale in Hollywood Beach. Call Brosda and Bentley Realtors for more information.
Luxury Oceanfront Resort For Sale in Hollywood Beach. Call Brosda and Bentley Realtors for more information.
Luxury Oceanfront Resort For Sale in Hollywood Beach. Call Brosda and Bentley Realtors for more information.
Luxury Oceanfront Resort For Sale in Hollywood Beach. Call Brosda and Bentley Realtors for more information.

3D images of interior and exterior


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Property is listed by Brosda & Bentley Realtors (786) 363-8551

How to Start Downsizing Your Miami Home

Your big house in the suburbs was great while raising a family, but now that you’re older and the kids have flown the coop, you’re ready for something better suited to this new stage of life. Instead of sprawling square footage and spare bedrooms, you’re in search of a compact home with modern amenities and a great location where you can enjoy your retirement years.

Miami Real Estate Hotline (305) 788-9393

Miami has no shortage of options for downsizing seniors, from beachfront condos to quaint cottages. But before you start the move to a downsized home, you have some big decisions to make. This guide will help you plan a downsize that delivers the retirement you’ve always imagined.

Where should you move?

The biggest question facing any downsizing homeowner is: Where should we go? Downsizing is about your retirement lifestyle as much as money. While you could slash living expenses by moving to the country, it’s rarely worth the trade-offs. As a senior, you want access to great entertainment, dining, and shopping, as well as a quality healthcare system and public transportation — and that means staying in the city.

Even within Miami, seniors have a lot of options, such as:

  • Small homes: Seniors who want to scale down but don’t want to relinquish control of their home will enjoy the small single-family homes in neighborhoods like Miami’s Upper East Side, El Portal, or the more affordable Tamarac and Hollywood neighborhoods.
  • Condos: Opting for a condo gives Miami retirees more options, including the popular Hialeah Gardens and Coral Way neighborhoods. Even coveted South Beach can be affordable for retirees prepared for a dramatic downsize — many condos in this walkable area are under 1,000 square feet. In exchange for monthly dues, condo associations offer perks like common areas, fitness centers, and maintenance.
  • Retirement communities: If one of your downsizing goals is to expand your social life, consider buying into a retirement community. Retirement communities are designed for independent living but offer amenities like landscaping and light housekeeping to make life easier.
  • Assisted living: If you’d prefer more help than independent living provides, assisted living is the choice for you. Luckily, assisted living in Miami doesn’t require giving up your lifestyle. While you’ll still find must-have services like residential care and meals, you’ll also enjoy amenities like waterfront locations, private terraces, and pools and spas. You can also choose an assisted living facility near one of Miami’s best hospitals like Kendall Regional Medical Center. Of course, both amenities and prices vary, so you’ll want to spend some time researching your options, and A Place for Mom notes there are plenty of facilities to choose from. 

What should you spend?

What you spend on downsizing depends on your goals. If your downsize is motivated by lifestyle, it may be worth upsizing your expenses to afford your ideal neighborhood. However, many seniors have finances on the mind as well. If you’re downsizing to save money, aim for a home that’s at least 25% cheaper than your current home. Due to moving, closing costs, and other downsizing expenses, a smaller price difference is unlikely to be worth the effort.

What should you do with your stuff?

Buying and selling homes is complicated, but it’s not the part of downsizing most seniors dread. Rather, what scares retirees away from selling their homes is the prospect of emptying them out. With decades of belongings ranging from the sentimental to the long-forgotten, sorting through the house is a daunting task.

As tempting as it is to sell items piecemeal for the best price, listing individual items and coordinating with buyers is rarely worth the hassle. For high-value items like antiques, artwork, and designer clothing, look to consignment shops. For general household items, consider hosting an estate sale or donating and taking the tax deduction instead. You may want to hold onto a few items for your kids, but avoid putting the whole house in storage — while it’s hard to part with items now, it will be even harder later.

Downsizing doesn’t have to mean downgrading. Even if you’re looking to cut expenses, you can downsize your Miami home while maintaining the vibrant, active lifestyle you love. When you’re ready to downsize your home, reach out to South Florida real estate professionals who will help you sell your home fast so you can start living your retirement dream. Image via Unsplash

Wynwood Miami Opportunity Zone

Development Opportunity Across From Wynwood Square

Miami Just Listed Wynwood Lots For Sale

Brosda & Bentley Realtors offers this spectacular assemblage/development opportunity in Miami’s Edgewater/ Wynwood district. The lots have never been on the market before and are offered combined for sale. Located across from the Wynwood Square property (acquired by CIM Group now under construction).

1.37 acres could be combined to 2.5 acres; T6-8 zoning could be converted to T6-12 as there will be more than 200 square feet of frontage . 150 residential or 300 units per acre as hotel development.

Wynwood Miami Land For Sale

Opportunity is in a designated Opportunity Zone!

Lennar is building luxury rentals 6 blocks northwest called Wynwood Green.

Wynwood is one of the Miami’s most happening districts.

Offered for $18 million. More information call (305) 788-9393.

Wynwood Miami Opportunity Zone Development

For more information call ☎️ (305) 788-9393.

Jade Signature Sky Villa By Katerina Brosda

The stunning Jade Signature Sky Villa is for sale by Katerina Brosda of Brosda & Bentley Realtors ☎️ +1 (305) 788-9393

Jade Signature Sky Villa | Sunny Isles Beach | Sales (305) 788-9393

This extraordinary, fully furnished, 2-story residence features:

  • 5 bedrooms and 7.5 baths
  • 180 degrees of unobstructed views
  • 3 assigned parking spaces
  • Distinctive living and entertaining areas including family room, double living room, master sitting area, study, private gym (in center villa)
  • Soaring 20-foot double-height ceilings in living area
  • Master bedroom midnight bar
  • Service quarters with full bath
  • Service entrance
Jade Signature Residences Sunny Isles Beach, Florida