Florida Guide > Miscellaneous
Buying a Villa in Florida 2
Continuing from our article Buying a Villa in Florida, if you have money to invest, and I know that not many have, but if you have, have a look at the bargains that are currently available in Florida, I know that it’s not nice getting an advantage from someone else’s bad luck, but somebody will and it may as well be you.
Currently there are mortgage foreclosures in the US and you can get a three or four bed house for very little, we had an e-mail last week about an auction of foreclosure properties, over a thousand and some for as little as $1000. 00US. Whilst I am not suggesting that these would be up to the standard, there were some very good, fully furnished houses with pools for as little as $20000. 00, a bargain.
Look for the auction web sites, a search on Google should find one for you.
If you do decide to go ahead with one of these foreclosure purchases, don’t forget what we said in our previous article “Buying a Villa in Florida”, a little of which I have copied below:-
Probably the best advice that I can give is to fully investigate all areas of villa ownership, what are the downfalls? Who can I trust? Look at forums such as the one on Orlando Villas. com and ask the already experienced home owners questions, don’t be frightened, most owners will gladly give advice and help you on your way because most of them could have used the help that they will now give you, and lastly, make sure that you fully understand American mortgages if you are mortgaging in the States.
Find a good management company; again by asking on the forums, they can help sometimes with bookings but we prefer to get our own, if you do get bookings from your management company, make sure that you also get the money.
Your management company will also arrange things like grass cutting, pool cleaning, pest control, house cleaning etc, they will also walk through your house before and after a let to make sure that nothing is broken or missing.
Or you may just want to have a villa for your own or family only use, you will however still need a management company to arrange the above grass cutting, pest control, pool cleaning etc, so factor in an ongoing cost of around $275 per month for their costs.
Finally, enjoy your villa, you may have had to spend a lot of money getting it up to scratch if you did buy a foreclosure villa, or you could have been lucky and got a real gem, either way, there is nothing quite like villa ownership, arriving at your own little piece of America gives you a thrill every time you get there, as does renting it out to someone who really appreciates your efforts.
The best of luck.
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Page added on: 2 April 2009
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