Building Your Dream Home In
Englewood
Contents Introduction .......................................................... 3 Rotonda Sunset .................................................... 4 Property specifications ......................................... 6 Rentals - Short Term & Long Term ......................... 7 Lease options with the bric group ........................ 8 Extra features & full financial breakdown ...............9 Contact ............................................................... 10
INTRODUCTION Owning a home in Florida is the dream for millions of out of state and international families and investors. Since the market collapsed we have seen hundreds of foreclosed and distressed properties enter and leave the market. We have seen the bottom of the market in many areas and seen prices start to increase in several others. One thing that is rarely discussed is the availability of quality homes on the market. And the reason for this is the current lack of quality homes available. The bargain properties have long gone from the Englewood and Rotonda areas and now the only things remaining are remnants. Properties which are still not attractive even though they have been discounted +65% from previous highs. International investors, snow-birds and local families are desperately searching for quality properties, but there are close to none remaining and those that do look attractive often sell for considerably more than the initial listing price. Current resale price for good homes in Rotonda are sold at a minimum of $80-90 per square foot. Work may still be required and there could still be hidden debts involved or remedial work waiting to surprise the new owner. For similar prices per sq.ft you can now build a brand new home that meets all of the latest building codes, hurricane standards and has full warranties from top to bottom. Take a look at our floor plans and internal pictures, then compare our new homes against the current properties that are remaining on the resale market.
ROTONDA SUNSET 3 Bedrooms / 2 Bathrooms
The Rotonda Sunset floor plan boasts a spacious living room/diner with American open kitchen with stylish tray ceiling insets. The master bedroom and ensuite has built in closets and direct access to the terrace and rear garden area. The bedrooms have carpet flooring with tile throughout the rest of the home as standard. A large 2 car garage and separate washing/ drying area can be accessed from the fully fitted kitchen.
$169,000
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ROTONDA SUNSET PROPERTY OVERVIEW
EXTRA FEATURES
1 x lanai
pool area
2 x bedroom
terracotta roof
1 x master bedroom
1 x double garage
1 x kitchen
1 x dining area
entry area
1 x great room
2 x bathroom
...TO THIS
FROM THIS...
...TO THIS
the 'Rotonda Sunset'
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PROPERTY SPECIFICATIONS Exterior/Structure/Energy Efficiency
Interior and Others
Limited warranty
• All County Building Permits and Fees Included • Fully Engineered Blueprints Included • House Engineered for 160 mph Winds Minimum. • 3,500 psi Concrete Slab with Fibermesh Reinforcement • 100% Concrete Block Exterior Construction • Complete 1 year Warranty • Double Insulated, Low-E Coated 160 mph Hurricane-Rated Aluminum Windows and Sliding Glass Doors • 160 mph Hurricane Rated Steel Garage Door • Upgraded 1,890 lb. Hurricane Anchors at each Truss min. • 160 mph Roof Decking Attachment w/ Ring-Shank Nails • 160 mph Large Missile Impact Steel Hurricane Shutters • High Efficiency Minimum 14 SEER Air Conditioner • R-30 Fiberglass Insulation (Not blown-in which compresses in time) • 100% Renewable Solid Wood Studs at 16” on Center • Energy Saving Foil Backed Insulation on all Block Walls • Concrete Stucco Over Durarock Cement Board on Wood Areas (Not wire lath which can rust and rot) • Stucco on all Lanai & Entry Ceilings (Not just Drywall, this allows you to hose and pressure wash the ceiling.) • 30 year Hurricane Rated Decorative Asphalt Shingles • Highly Effective Boracare Termite Treatment • Energy Efficient Water Heater • Fully Insulated, Hurricane Rated Exterior Entry Doors • 200 AMP Electrical Service Panel Included • Corrosion Resistant Aluminum Soffit & Fascia • 12” Overhang for Maximum Hurricane Protection • Concrete Driveway and Walkway to Front Door • Upgraded One-Lever Washer and Dryer Hookups • Fiberglass Window Screens on all Windows • Drought Resistant Bahia Sod - Up to 8,000 sq. ft. • All Tractor Grading Work for 10,000 sq. ft. lot Included • Septic Tank Included (or $5,000 toward Sewer Fee)
• 3 cm Granite Countertops in Kitchens and Baths • Stainless Steel Kitchen Appliances (Refrigerator,Dish Washer, Range/Oven & Microwave) • Raised Panel, Plywood Cabinetry in Kitchens & Baths • Solid Wood Colonial Door Casings & Baseboards • Upgraded Raised Panel, Textured Interior Doors • Ceramic Tile in all Areas shown on Brochures • Stain Resistant Carpeting in all Non-Tile Areas • Stainless Steel Double Bowl Kitchen Sink w/Garbage Disposal • Textured AMERICAN MADE Drywall Throughout • Solid Marble Interior Window Sills • All Cathedral, Tray & Coffer Ceilings Included per plan • Color-Matched Door Handles, Hinges and Stops • All Cabinet Knobs Included • TV & Phone Jacks Included (Per Plan) • Range & Dryer Vented to Outside (Not recirculating) • High Wear Semi-Gloss Painted Walls & Ceilings • All Recessed Lighting & Fluorescent Lights Included • All Hanging Light fixtures, Fans and coach lighting included ($1,000 Allowance) • Door Chimes, Smoke, & Carbon Monoxide Detectors Included • Mold-Resistant, Low Maintenance Fiberglass Tub & Shower Units • Custom Ventilated Shelving in all Closets • 4 Conveniently Located Hose Bibs • Stucco Finished & Painted Garage Walls (Not just textured block) • Lifetime Guaranteed Moen Shower Valves & Faucets • Worry-Free, Corrosion Resistant CPVC Plumbing • Charlotte County Impact Fee Included • City Water Connection Service Fee Included • Culvert Pipe Under Driveway
The issuance of a certificate of occupancy shall constitute conclusive and indisputable proof that the builder has substantially performed Builders obligations under this agreement. Builder warrants the residence against defects in material or workmanship for the period of one year from the date of issuance of a certificate of occupancy.
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This warranty is in lieu of any other warranties expressed or implied. This limited warranty does not include cracks or imperfections that may result from settling , shrinkage or drying out. Ceramic tiles are not warranted against cracking due to settling. Sod and landscaping is not warranted, damaged caused by soil or subsurface conditions from color shading variations, discolorations, mottling, streaks or staining or any pool, conditions from condensation, expansion , contraction or warping material, or which result from negligence or abuse by buyer, or from an act of God. Builders shall not be liable for any consequential damages. This limited warranty shall automatically be canceled if Buyer, Buyer’s agent or any other contractor or other party hired by Buyer makes or attempts to make any repairs or improvements to the Residence during warranty period.
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RENTALS - Short Term & Long Term The Englewood area is a stunning area of Florida on the beautiful Gulf of Mexico. The area attracts thousands of tourists each year and is home to tens of thousands of full time residents. Each year more and more tourists discover this area and choose to return year after year. This has led to an undersupply of quality short term rental properties and thanks to this, rental returns are very attractive. The long term rental market demand is also out stripping current supplies as thousands of families lost their homes to foreclosure . These families now require a new home in which to establish their roots. As of July 2012 there were just a handful of single family homes available for long term rental. Our management company receives numerous requests for long term rentals on a daily basis, but due to lack of supply we simply cannot help facilitate these families. These are Families which have lived in the area for years, their children are at local schools and the parents are in full-time employment. The problem is not lack of funds it is purely lack of property.
Example of Short Term Rental Options Low Season - between the months of May and November Rental Income excluding pool - $1800 per month Rental Income including pool - $2500 per month High Season - between the months of December and April Rental Income excluding pool - $2800 per month Rental Income including pool - $3500 per month
Example of Long Term Rental Options Rental Income excluding pool - $1,100 per month Rental Income including pool - $1,300 per month
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LEASE OPTIONS WITH THE BRIC GROUP Lease option contracts are a great solution for both investor and tenant The investor gets a solid tenant who will look after the property as though it is their own, as it probably will be. The tenant gets security for the future as they have a guarantee that as long as they pay rent and bills, the owner cannot sell the home and ask them to leave. Whilst the tenant is living in the property our finance experts will assist them in repairing their credit scores (usually 3 years) which will eventually put them in a position to be able to purchase the property from the investor as contracted. According to Florida State Law, a property involved in a lease option contract the rent can increase by a maximum of 10% per year. Should the ‘real market price’ be higher upon appraisal from the bank after the three year period as stated in the lease option contract then this figure can become the actual selling price as long as it is specified in the lease option contact. Example addendum: The tenant agrees to purchase the property at the price specified within this contract OR at the appraisal price, whichever is higher. For the benefit of the example below we have allowed an annual 8% increase for the contract purchase price. This should be ample for the investor to lock in future profit, whilst not appearing to be greedy to the tenants. There is no State or Federal cap on this projected value. Tenants who are in a position to take advantage may have previously lost their home to foreclosure, yet have remained in work and continued to generate a healthy annual income. Many families that lost homes are still earning between $50-100.000 per year, but have been locked out of the buyers’ market due to lack of credit from the banks. The $100.000 ‘bond’ paid by the tenant upon signing the lease option contract is a non-refundable amount that is to be received as and utilized as part payment for the property upon purchase by the tenant. This could be considered a ‘technical cash-back’ for the investor which could be added to year one profits or used to pay off in part the mortgage they may have taken on the property. You will see from the financial example below that for investors in a position to get a lease option contract, the rewards can be very interesting. Please note our local representative will endeavor to locate option prospect whenever possible, however investors should acknowledge that lease option tenants are subject to the natural ebb and flow of the market
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EXTRA FEATURES & FULL FINANCIAL BREAKDOWN Full Financial Breakdown Rotonda Sunset - Price of Plot:- $22,900.00 - Closing cost:- $687.00 - Admin Fee:- $500.00 - Price Single-Family-Home: from $169,000.00 - Clearing / Leveling:- $6,000.00 Max. (Between $3.000 - $6.000) - Builder Management:- $2,500.00
Total price $201,587.00 Extra Features (add to total price) - Price of Pool - $34,000.00 - Terracotta tiled roof - $8,250 All of our single family homes come standard features that are mentioned on the property specification page. If you require additional features such as the pool area then please add this to the final total price. Please note that the raw material prices may fluctuate and this can have an effect on the overall building price for the property.
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Contacts: Central Sales Office: Freephone UK: Freephone USA:
(+34) 952-810-711 0203-399-9439 (+1) 321-247-6897
www.bric-investment.com info@ bric-investment.com
BRIC Spain
BRIC USA
Centro de Negocios Puerto Banus, Oficina 39, 29660 Nueva Andalucia, Marbella, Spain
140 N Westmonte Drive, Suite 200 Altamonte Springs, FL 32714
BRIC Brazil
BRIC Hungary
Av. Dom Luis, 1200 SLR, 1304 / 1305 Torre 1 Business Ed. Patio Dom Luis Meireles, Fortaleza Ceara, Brazil
1024 Budapest, Mammut II - 3th floor Lรถvohรกz utca 2-6.
(+55) 85 3267-2788
(+36) 1 345-8211
Disclaimer The information provided is solely for informational purposes and does not constitute an offer by BRIC Group, to sell, rent or lease real estate. BRIC Group. disclaims any warranties or representations concerning the information contained herein. BRIC Group. does not guarantee the accuracy of the information contained herein and instructs you to independently verify the accuracy of the information provided. All intellectual property rights are retained by their owners.