FLORIDA LAND INVESTMENT Buy a plot and build a home in one of Florida’s most undersupplied property markets
About Florida The sunshine state is a worldwide tourist destination and home to some almost 20 million people Florida is the fourth largest state in the USA with a population of over 19.5 million. In 2013, Florida overtook New York’s long-standing position to become the third most populous state in the U.S. TD Economics estimates Florida’s population will reach 20 million in 2014. It has long been a key destination for investors and tourists, and receives massive immigration. It is estimated that 1,000 people move to Florida every day.
As one of the world’s leading tourist destinations, Florida is home to a variety of major tourist attractions and natural sceneries such as Florida Keys, South Beach, Key West, Walt Disney World, Kennedy Space Centre, Fort Lauderdale Beach, Universal Orlando Resort and the Everglades. The state has almost 1,800 miles of coastline and 1,200 miles of sandy beaches. Florida is home to more golf courses than any other state in America with over 1,250 courses to choose from. The average annual temperature ranges from around 27ºC in summer to a respectable 16ºC in winter, providing the ideal conditions to enjoy all of Florida’s tourist attractions.
Florida is tipped to be one of the Western Hemispheres leading economic regions over the next 20 years and is expected to outpace national average indicators over the next two years. Florida’s economy grew faster than the national average in 2013 with 2.2% GDP growth, compared to 1.9% nationwide. According to TD Economics forecasts, economic growth in the state will accelerate to 3.5% in 2014 and 4% in 2015, outstripping national figures of 2.7% and 3.1% respectively.
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FLORIDA LAND INVESTMENT
Englewood, Florida Englewood’s Property Shortage Englewood is a beautiful beachfront town situated on the Gulf of Mexico. With an average year-round temperature of 25ºC and stunning coastal panoramas, the area has long attracted thousands of tourists each year and is home to almost 15,000 residents, according to the 2010 census, which is growing rapidly.
The area is experiencing a massive shortage of properties. International investors, snow-birds and local families are desperately searching for quality properties but are met with very limited availability. Each year more and more tourists discover the area and choose to return year after year. This has led to an undersupply of quality short-term rental accommodation, pushing up rental rates and returns.
The area is situated on the border of Sarasota County and Charlotte County, the latter boasts 219 miles of exquisite coastline and nearly 13 miles of Gulf coast beaches. The nearest international airport is Sarasota International Airport. Over 600 technology companies are located in the area and it is home to a huge healthcare industry. Adding to its popularity, the area has one of the lowest crime rates in the state of Florida.
Demand also significantly outstrips supply in both the long-term rental and home sales markets. The thousands of families who lost their homes to foreclosure are looking to both these markets to make new homes. Many families are migrating to the area for a better quality of life and because it is considered a safe neighbourhood.
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FLORIDA LAND INVESTMENT
F L O R I DA E N G L E WO O D
Rotonda Lakes in Englewood, Florida. Rotonda Lakes is a spectacular golf community in southwest Florida, Charlotte county. A spectacular conservation area, building plots in this community overlook beautifully manicured golf fairways, natural green areas and freshwater canals.The Gulf of Mexico is just 5 miles from Rotonda Lakes.
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FLORIDA LAND INVESTMENT
INVESTMENT LEVEL:
Investment Opportunity This investment opportunity offers investors the option to purchase prime location, coastal Floridian land plots at a significant discount to original market values.
Land Plot Prices: Cash Purchase: US$24,750 Finance Option: US$14,000 deposit plus US$1,000 per month for first 12 months.
Land plots all have freehold title and are sold through reputable title and escrow companies. Plots average 7,560 sqft., which allows for a 2,000 sqft., home and are in a variety of locations and elevations in the sought after area of Rotonda Lakes. To maximise this investment opportunity, we recommend building a single-family home on your plot, properties which are in high demand, to either sell off-plan, sell on completion or keep to rent. Investors doing the same on other plots in the area are seeing instant equity of 20%-30% on their new build homes.
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IMMEDIATE PROFIT: 60% discount - retail prices for these land plots were originally between US$60,000 - US$65,000. EXIT OPTIONS • Hold onto your land plot to earn maximum capital appreciation to sell at a later date. • Use the BRIC Group off-plan upgrade to build on your plot to sell on completion or rent.
FLORIDA LAND INVESTMENT
The all in build cost for this superb property is
Off-plan Upgrade
(excluding the plot purchase price and plot clearing)
10:26
With a total cost under US$200,000, it is clear the potential investment returns that can be earned from this opportunity. 29/09/14
The average listing price for a three bedroom property in Englewood in September 2014 was around US$470,000.The
average price per square foot has increased by 10.8% in the year to December 2013. Long-term rental prices for this type of property are around US$1,100 - US$1,300 per month.
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The BRIC Group has put together a highly economical package that enables you to buy a plot and have a house built on it that will be ready to be released onto the market within 25 weeks. This package includes all planning permission applications and approvals, site preparations and build costs.
Rotonda Sunset empty plan.pdf
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FLORIDA LAND INVESTMENT
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the 'Rotonda Sunset' C
To maximise the investment potential of this opportunity, building a three bedroom, single-family home to cater to the high local demand is the most lucrative option.
US$169,900
Owning a home in Florida is a dream for many both in the United States and internationally, investors and families alike. The Englewood area in particular is highly sought after for both holiday homes and resident families. The growing demand from both new residents moving to the area and the increasing numbers of tourists has created a dramatic glut of quality homes and rental accommodation.
Strategic Location: The Exit Market
In Charlotte County as a whole, the population in 2010 was 159,990. According to estimates based on current growth levels, the population will increase to 185,456 by 2020, almost 25,500 more residents in a 10 year period. This equates to approximately 212 new residents moving to the area every month. In order to keep up with such demand, it is estimated that approximately 85 new homes are needed each month. The property management company we work with receives requests on a daily basis for long-term rentals, but they are unable to meet demand due to the severe lack of available property. These requests are from families who have lived in the area for many years, who have their children in local schools and parents in full-time employment. The significant undersupply of quality property is causing prices to rise rapidly in the Englewood area. Across the board, the average price per square foot has increased by 12.4% in the year to September 2014. Over the last 5 years, sales prices have appreciated by 20.3% in Englewood. Demand shows no sign of abating. With the option of owning a brand new home ready for rental or resale within 6 months, this is a fantastic opportunity for investors to turn a profit over the short-term or take a longer-term view earning high capital growth and a rental income.
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FLORIDA LAND INVESTMENT
Global Perspective on Local Real Estate
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Disclaimer : The information contained herein is solely for informational purposes and does not constitute an offer by BRIC Group to sell, rent or lease real estate. All information provided is believed to be accurate and correct at the time of publishing and is given in good faith. BRIC Group disclaims any warranties or representation concerning the accuracy, correctness or reliability of the information contained within this document and instructs you to independently verify the accuracy of the information provided. All intellectual proper ty rights are retained by their owners. All content including text, images and logos are the property of BRIC Group. It is not permitted without the express prior consent of BRIC Group to transfer, copy, distribute or compile in whole or par t any of the content contained herein.