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Beachfront Properties Blog

Tuesday, October 22, 2024   /   by Tov Charm

How Election Years Affect the U.S. Residential Real Estate Market

The historical effect of election years on the U.S. residential real estate market reveals subtle yet significant trends. While uncertainty typically slows down housing activity before Election Day, the market quickly regains momentum once the political landscape becomes clear. Here’s a breakdown of how presidential election years affect real estate, based on historical data.

1. Pre-Election Jitters: A Cautious Market
In the lead-up to elections, both buyers and sellers often hesitate. Many adopt a "wait-and-see" attitude, anticipating how a new administration's policies might impact interest rates and housing affordability. As a result, home sales usually dip before the election.
2. Post-Election Rebound: Confidence Returns
Once the election results are in, the market typically rebounds as uncertainty fades. Historically, after 9 of the last 11 elections, home sales increased in the following year. Buyers and sellers regain confidence, knowing which policies will be in pla! ...

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Tuesday, October 8, 2024   /   by Tov Charm

Hurricanes in Florida: What You Need to Know and How to Prepare

Hurricanes are a common and powerful force in Florida, with the state experiencing more direct hits than any other in the U.S. It’s important for homeowners and residents to know how to prepare for these storms and minimize potential damage. Here’s what you need to know:

1. Understanding the Hurricane Season and Categories
Hurricane Season: Runs from June 1 to November 30, with the peak occurring between August and October. During this time, the chances of hurricane formation increase significantly, and Florida often finds itself in the projected paths.
Hurricane Categories: Hurricanes are classified based on wind speeds:
Category 1: 74-95 mph winds (some damage)
Category 2: 96-110 mph winds (extensive damage)
Category 3: 111-129 mph winds (devastating damage)
Category 4: 130-156 mph winds (catastrophic damage)
Category 5: 157+ mph winds (catastrophic damage)

Knowing the categories helps you understand the potential impact and prepare accordingly.
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Tuesday, October 1, 2024   /   by Tov Charm

Top 5 Florida Road Trips from Delray Beach

Top 5 Florida Road Trips from Delray Beach
 
Florida is a road tripper's paradise, with scenic drives and exciting destinations just a few hours away from Delray Beach. Here are five fantastic road trips that will take you to some of the best spots in the Sunshine State:

1. The Florida Keys


Distance: 3.5 to 4 hours (180 miles)
Highlights: Drive down the famous Overseas Highway, crossing 42 bridges as you island-hop through the Florida Keys. Start in Key Largo, known for diving and snorkeling, and continue to Key West, the southernmost point of the continental U.S. Enjoy unique stops along the way like Bahia Honda State Park and the iconic Seven Mile Bridge.
Why Go: The mix of tropical beauty, history, and laid-back island vibes makes this road trip unforgettable.

2. Everglades National Park


Distance: 1.5 to 2 hours (90 miles)
Highlights: A short drive from Delray takes you into one of the most unique ecosystems in the world. Explore the Eve! ...

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Monday, September 30, 2024   /   by Tov Charm

Understanding the True Cost of Homeownership Beyond the Mortgage

Owning a home means taking on more expenses than just your monthly mortgage payment. To truly understand the cost of homeownership, it’s important to account for expenses such as property taxes, insurance, maintenance, and utilities. Here’s a breakdown of these hidden costs, with specific insights for homes in Delray Beach, Florida.

1. Property Taxes
In Florida, property taxes generally range from 1.75% to 2% of a home’s assessed value. For a home valued at $500,000 in Delray Beach, you can expect to pay around $8,750 to $10,000 annually. Florida homeowners who qualify for the Homestead Exemption can reduce their taxable value by up to $50,000, and the Save Our Homes cap limits tax increases to 3% per year.
Budgeting Tip: Check your property tax estimate through the Palm Beach County Property Appraiser’s Office to get a clear understanding of what your taxes will be, factoring in any applicable exemptions.
2. Homeowners Insurance
Homeowners insurance ...

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Friday, September 13, 2024   /   by Tov Charm

Top-Floor Condo in Plantation Racquet Club: A Modern, Affordable Find

Are you searching for a move-in-ready condo in Plantation, FL, that offers both convenience and modern amenities? Look no further than 10501 W Broward Boulevard #410! This beautiful 2-bedroom, 2-bathroom top-floor unit in the Plantation Racquet Club community is the perfect place to call home, offering a blend of comfort, affordability, and resort-style living. Let’s explore what makes this property an incredible opportunity for buyers.
Prime Location in Plantation
Located in the heart of Plantation, this condo is perfect for those who value convenience. You’ll find yourself just minutes from Sawgrass Mall, a variety of upscale restaurants, and major highways like I-95, the Turnpike, and I-75. Plus, Fort Lauderdale International Airport is just 20 minutes away, making travel a breeze.
Modern Features and Spacious Layout
This top-floor unit boasts an updated kitchen with sleek cabinetry and appliances, ideal for anyone who enjoys cooking and entertaining. The open floo. ...

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