May 2016 Property of the Month

BRITISH HOMES GROUP Florida ~ Specialising in Florida Real Estate

Orlando | Kissimmee | Davenport | Windermere | Bay Hill | Clermont

Residential Luxury ~ Vacation Paradise

New British Homes “Best Buy” Listing!

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This home will go FAST!

Westridge is a well established, popular and well managed community just south of the 192 on hgwy 27. Gated, well maintained sub-division with a club house and nice community pool.

Check out this turn-key, FOUR BEDROOM / THREE BATH W/PRIVATE POOL home in one of South Orlando’s coveted gated communities, Westridge with LOW HOA fees! Perfect location off Hwy 27 in the Davenport area, just 15 minutes from Disney and numerous golf courses in an area zoned for short term rental.

The Westridge community is gated, offers a community pool, clubhouse and fitness center and the HOA covers the homeowners lawn maintenance, exterior pest control and sprinkler maintenance.

Whether you are looking for a full-time home, a second home, a vacation home with potential for rental income, a snowbird retreat… you have found it!

Seller reports regular maintenance throughout with new A/C with remote wi-fi control & new pool pump as of 2014.

Request More Information on this Buckingham Circle Home.

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With over 20,000 investment homes to choose from, the British Homes Group can help you find the perfect home for you. For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

Selling your Orlando Home

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4 Hidden Costs of Selling your US Home

Whether you’re looking to relocate, downsize or upgrade to a larger space, selling a home can be a stressful and surprisingly expensive process. You’re probably aware that if you use a Realtor, you’ll pay a 5% to 6% commission on your home’s sale price. But there are some other costs that might creep up on you.

Real Estate Transfer Taxes

You’d think that paying for and owning a home would give you the right to sell it with no strings attached, but alas, that’s not the case.

When you sell a home, your state, county or municipality may want a piece of the action – and what better way to generate extra revenue than to impose a real estate transfer tax? While the amount you pay will vary based on where you live, tax rates typically range from 0.01% of your home’s sale price (as in Colorado) to 4% (roughly what you’ll pay in Pittsburgh). In Florida, for example, you’ll pay about $2,100 in transfer taxes when you sell a $300,000 property.

On the bright side, it’s common for the buyer and seller to split this cost. Just make sure you know how much you’ll end up paying.

Capital Gains Taxes

Though it’s somewhat rare, depending on your circumstances, you may be subject to capital gains taxes if you sell your home for a significant profit. What helps most people avoid these taxes is the ability to exclude up to $250,000 in gains for a single filer and up to $500,000 in gains for those married filing jointly.

There’s a catch, though: To claim the exclusion in its entirety, the property in question must have been your primary home, and you must have lived in it for at least two out of the five years leading up to the sale date. Also, if you claimed another home sale exclusion in the previous two years, you generally won’t be eligible for another one. On the other hand, you can deduct selling costs, such as Realtor fees, to lower your capital gains for tax purposes.

Home Staging Costs

Though it’s not a must, home staging can help you attract buyers and move your home off the market more quickly.

The downside? Sprucing up your home costs money. Sellers these days spend $1,800 on average to stage a home, and while you may recoup some or all of that money by commanding a higher asking price, it’s a cost you should be prepared to absorb up front.

Thankfully, you can save money on staging costs by doing some of the work yourself as opposed to hiring a professional stager. The Internet is loaded with tips on how to stage homes on a budget, from adding decorative curtains and rugs to applying fresh paint as needed.

Certificate of Occupancy

In some localities, in order to sell a home, the seller must obtain a certificate of occupancy stating that the property in question is safe and suitable for residence.

While the fee for the certificate itself might be as little as $50, some cities and towns have specific criteria that must be met before a home can receive one. Generally, a municipal representative performs an on-site inspection to see if a home complies with updated building codes.

If yours doesn’t, you may need to make some last-minute adjustments or repairs to get your home up to code, and the more involved the work, the more you’re likely to pay. Updating your kitchen’s outlets, for example, could cost several hundred dollars if you need to get an electrician involved.

If you’re enlisting the help of a realtor to sell your home, ask yours to walk you through the potential costs you might encounter in the process. That way, you won’t be quite as horror-struck when those potential expenses begin to add up.

Bill’s Bit

Over 30 Years ……..!

That’s how long The British Homes Group has been helping our UK clientele sell their holiday homes in Florida – over 10,000 potential buyers read our “Florida” newsletter every issue!

Can we help you sell your villa this year?

Or invest in another sunny Orlando villa or income property (e.g. Buy-To-Let) – over 20,000 to choose from in the Disney area alone!

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For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

Lake Buena Vista Resort and Spa

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Lake Buena Vista Resort News

Occupancy at the Lake Buena Vista Resort continues to surpass the previous year for the 7th consecutive month of year-over-year improvement. This March they had 89.6% occupancy compared to 84.7% in March 2015. The year-to-date occupancy is at 83.5%.

Lake Buena Vista Resort is centrally located just over a mile from Walt Disney World and minutes to Universal Studios and SeaWorld. The spacious 2, 3, and 4 bedroom, fully-furnished condos will make you feel right at home.

Walt Disney World Epcot’s “Sounds Like Summer” concert series starts June 5th. During this seven week event, bands will pay tribute to the music of Fleetwood Mac, Tina Turner, and Bruce Springsteen just to name a few. Animal Kingdom’s “Flights of Wonder” is being refurbished and is scheduled to reopen April 17th.

Universal Orlando celebrates high school grads with their annual “Grad Bash”. This is an amazing party with music, dancing and adventures. Seniors can enjoy the park’s rides and attractions plus a live concert. Check for reservations on select nights through April 29th. Middle school grads can celebrate with their friends at “Gradventure” held at Universal May 20th. They can enjoy both theme parks, DJ dance parties, karaoke, and street entertainment.

SeaWorld’s much anticipated Mako hyper coaster will make its debut on June 10, 2016.  Mako will be the tallest, fastest and longest coaster in Orlando. Riders will soar 200 feet high and reach speeds of up to 73 mph.  Park educators will answer questions and visitors will learn about the dangers to manatee in the wild such as boat strikes, cold stress and entanglement.

Recently, the Lake Buena Vista team hosted the British/American Chamber of Commerce annual event at our Resort. There were a record number of attendees. Over 75 professionals enjoyed an evening of networking with developers, mortgage brokers, lenders, insurance agents, real estate brokers and attorneys.

The main topics revolved around international tax laws, insurance needs, and EB-5 opportunities. Investments for international buyers were a popular subject for many.

According to the Orlando Regional REALTOR® Association, April is the start of Orlando’s home buying season. March 2016’s low inventory pushed home prices up 10% from March 2015 and the median price is up 5.41% compared to February 2016. The median price of condos increased 16.56% compared to March 2015.

You might also like to know that for a limited time, the Resort Developers are offering buyers two options when you purchase a condo-hotel unit at the award-winning Resort.

  • Seller Financing – Pay 30% down and enjoy 5% interest for 5 years (amortized for 30 years) and no points.
  • Lease Back – If you prefer a certain return, lease the condo back to the Developer and enjoy a 6% return for 2 years in addition to the use of your condo for up to 2 weeks per year.

When you are not using your condo, management can rent it out for you (see occupancy rates above) and this will help off-set your expenses. The superb location, excellent amenities, award-winning reputation and high occupancy rate makes this is a great investment and a wonderful place to stay.

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For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

Orlando home prices up 5 percent

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Orlando home prices pushed up 5 percent in March from February.

The median home price for the core Orlando market was $195,000 in March. During the last year, prices jumped 10 percent and wages grew about 1 percent, according to a new report by Orlando Regional Realtor Association.

For Orlando buyers in March, the bad news was that prices hiked and for-sale signs disappeared.

Since last summer, buyers have chipped away at Central Florida’s inventory of homes on the market.

Since the beginning of the year, the supply has dwindled from 5 months to just 3.5 months – almost half of the 6-month supply that marks a balanced market.

Houses lasted 70 days on the market before landing a contract, down from 80 days a year ago.

Final sales prices were just 97.1 percent of the asking price.

With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

Early Morning at the Theme Parks

Here’s a great guide from the Sentinel about what’s going on early at the parks…

Magic Kingdom Welcome Show…a cast member welcomes guests from the train platform. Couples up there sing and dance. Tunes include “Good Morning,” “Zip-A-Dee-Doo-Dah” and “Casey Jr.” from “Dumbo.”

Mickey and company arrive on the train and instant mass photo opp begins.

The characters disembark for a bit of waving and merriment and a 10-9-8 countdown for the park opening.

SeaWorld opens with the national anthem through the park’s P.A. system about 15 minutes before the people work their ways through the turnstiles.

Once the park is opening, the soundtrack switches to “Beneath the Blue,” a soaring non-national anthem written for SeaWorld’s 50th anniversary.

Universal Orlando’s…one park opens early each day for guests staying in on-property hotels. It alternates between Islands of Adventure and Universal Studios.

Most Universal early birds take advantage of alone time at the Wizarding World of Harry Potter. Regular visitors might opt for Hollywood Rip Ride Rockit at the Studios or the Amazing Adventures of Spider-Man or Pteradon Flyers at IOA. That could all change again this summer when the Incredible Hulk coaster reopens and when Skull Island: Reign of Kong makes its debut.

Enjoy!

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With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

Park Square Homes Property Update

SUBJECT TO CHANGE – CURRENT AS OF APRIL 2016
SINGLE FAMILY HOMES
From the high $100s to the $500s+
april-ps-1
THE RESIDENCES AT DELLAGIO

 

MODEL
Marco C
Carmelo C
Calista B
Marco A
HOMESITE
15
Model 76
Model 77
Model 78
PLAN
4 | 4.5 | 2 | 3858 sq.ft.
3 | 3.5 | 2 | 3226 sq.ft.
3 | 3.5 | 2 | 3201 sq.ft.
4 | 4.5 | 2 | 3858 sq.ft.
PRICE
$784,300
Call for price!
Call for price!
Call for price!
COMPLETE
  May
LEASEBACK
LEASEBACK
 LEASEBACK
HARMONY – CLOSEOUT COMMUNITY

 

MODEL
Lexington C
Abbey A
Abbey II B
HOMESITE
75
76
146
PLAN
 
3 | 2 | 2 | 2174 sq.ft.
5 | 4 | 3 | 3524 sq.ft.
5 | 4 | 3 | 3783 sq.ft.
PRICE
 
$267,340
$336,810
$372,620
COMPLETE
 
AVAILABLE
AVAILABLE
AVAILABLE
INDEPENDENCE

 

MODEL
Florenzo C
Florenzo B
HOMESITE
992
997
PLAN
 
5 | 4.5 | 3 | 3941 sq.ft.
5 | 4.5 | 3 | 3941 sq.ft.
PRICE
 
$763,860
$763,250
COMPLETE
 
MAY
MAY
LEGACY PARK

 

MODEL
Wellington A
Pensacola A
Walton B
HOMESITE
78
Model 119
Model 120
PLAN
 
5 | 3 | 2 | 3075 sq.ft.
4 | 3.5 | 2 | 2572 sq.ft.
3 | 2 | 2 | 1821 sq.ft.
PRICE
 
$305,160
Call for price!
Call for price!
COMPLETE
 
AVAILABLE
LEASEBACK
LEASEBACK
Preserve at Lake Sylvan

 

MODEL
*Bellavita B
*Casa Carino B
*Carrara C
Florenzo C
HOMESITE
16
27
18
Model 33
PLAN
 
5 | 4.5 | 3 | 3715 sq.ft.
3 | 3 | 3 | 2494 sq.ft.
6 | 4.5 | 3 | 5061 sq.ft.
4 | 3 | 3 | 3239 sq.ft.
PRICE
 
$558,430
$470,750
$611,650
Call for price!
COMPLETE
 
AVAILABLE
AVAILABLE
APRIL
LEASEBACK
THE ESTATES AT STEVENS PLANTATION

 

MODEL
Portofino B
HOMESITE
57
 
PLAN
 
4 | 3 | 3 | 2813 sq.ft.
 
PRICE
 
$353,270

 

 
COMPLETE
 
APRIL
SUMMERVIEW

 

MODEL
Boca D
Margate A
Pensacola A
Margate D
HOMESITE
65
62
Model 70
Model 71
PLAN
 
3 | 2 | 3 | 1554 sq.ft.
3 | 2 | 3 | 1995 sq.ft.
4 | 3.5 | 3 | 2570 sq.ft.
3 | 2 | 2 | 1995 sq.ft.
PRICE
 
$205,160
$243,650
Call for price!
Call for price!
COMPLETE
 
JUNE
AVAILABLE
LEASEBACK
LEASEBACK
LAKESIDE AT TOSCANA

 

MODEL
Park B
Lake II
HOMESITE
17
9
PLAN
 
6 | 6 | 2 | 4358 sq.ft.
3 | 4.5 | 2 | 4267 sq.ft.
PRICE
 
$784,660
$1,054,810
COMPLETE
 
APRIL
AVAILABLE
WATERSIDE VISTA

 

MODEL
Portofino B
Palazzo C
HOMESITE
12
Model 4
PLAN 
4 | 3 | 3 | 2813 sq.ft.
6 | 5 | 5 |  5010 sq.ft.
PRICE
$470,610
Call for price!
COMPLETE
MAY
LEASEBACK

With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

Invictus Games opening ceremony in Orlando

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Prince Harry, Michelle Obama to attend Invictus Games opening ceremony

Prince Harry, first lady Michelle Obama and other celebrities will help open the Invictus Games at Disney World on May 8.

Plans for the opening ceremony of the games, an international sports competition for wounded military members, will be revealed Tuesday at a news conference in New York. In addition to the prince and Mrs. Obama, British singer/songwriter James Blunt as well as Navy jets and the U.S. Army band will help usher in the games at Disney’s Champion Stadium.

In addition to marking the start of the games, the opening ceremony will help recognize the military service and sacrifices by the athletes. The games will conclude May 12.

https://www.facebook.com/InvictusOrlando/

Before the finale of the opening ceremonies, the Invictus Games pledge will be recited:

Your service sets an example

Your bravery inspires me

It is my honor now

To support and give you courage

To fight for you as you fought for us

To keep your family close beside

To take the steps you need to take

I AM here for you.

With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!