??With the housing market starting to level off, many people are thinking about possibilities of either buying or selling a home. With such a traditionally strong housing market, the city of Auburndale Florida has not experienced the drastic changes in home prices as other cities across the country. However, there have been factors that have brought change to the market. By understanding these changes in the Auburndale Real Estate housing market, one can become ready to purchase a new home or sell their existing home. Currently, there are many opportunities for great deals in the Auburndale area, and those who are searching for homes will have a number of possibilities.
Because of the economic downturn and fall in the housing sector, many parts of the country have fallen victim to extensive foreclosures and short sales. Although Auburndale FL Real Estate properties have not experienced the drastic changes as other areas, there are some great deals to be had. Foreclosures are not widespread although there are a few. When looking for foreclosures, one should keep in mind that these properties normally are sold “as is,” which means that the bank will not make any additional amends to the property. With that being said, foreclosures are a great investment opportunity for those who are not afraid of sweat equity.
For those that are looking for traditional sales, there are numerous properties to search. For instance, a very common property would be a three bedroom and two bathroom home that ranges anywhere from 1200 – 2000 square feet. In the higher end areas of Auburndale, one will find very nicely appointed homes of this size with marble or tile floors, terra cotta roofing, and spacious open air layouts. One can expect the higher end homes to be closer to 2000 square feet and will be priced starting at $200K. For homes without the luxurious appointments, one can still find a spacious abode that has plenty of room for updating, which will do nothing but build equity and increase property value. Three bedroom homes in more rural settings can be found starting around $100K and up, depending on lot size and the existing structural condition.
If one is looking for luxury, there are plenty of Auburndale homes for sale that meet that description. A 5000 square foot home with hardwood floors and tile throughout would be considered luxury class. The lot would be at least .75 of an acre and usually very private. Some features of Auburndale real estate that is considered luxury class would be extensive tile and marble, stainless steel kitchen appliances, at least one master suite, and five or more bedrooms. These houses start out in price around $550K depending on the extent of luxuries.
Looking to Sell
For those individuals who are looking to sell their property now may be a very good time as well. Over the last six months, property values have begun to increase with each passing day. Also, banks still have historically low interest rates, which is an added bonus.
To get the most out of one’s home, he or she should make sure that it is in top shape when available for viewing. A few improvements or updates to the home can be very beneficial as well. For instance, curb appeal is the first point of exposure for a potential buyer. If a home looks like a home, buyers are instantly attracted. This means that the driveway or parking area should be free of refuse and debris. A nicely manicured lawn is very attractive for potential buyers along with flowers and foliage, which add depth and color. The entryway to the home should be easily accessible even if buyers must venture through a mud or laundry room to reach the door. The appliances, such as ovens, refrigerators, and sinks should be clean of any dirt and grime. For potential home buyers, positive first impressions can mean the difference between a sale and a pass.
There are a few home improvement projects one may think about before offering his or her property on the market as well. For example, many potential buyers do not want the hassle of performing a lot of move-in projects. Neutral paint colors are one way to give a house a clean feel while also allowing new owners to move in with ease. Hot pink may be great for a teenage girl’s bedroom, but it can be unsettling to new homeowners.
Although small projects such as painting can be fairly inexpensive and give a great return for investment, one should keep return of investment in mind. Large projects such as kitchen renovations and additions may add appeal to one’s home but normally do not offer a large return of investment.
The City of Auburndale
Centrally located in the middle of the state, the city of Auburndale provides one with the quaint atmosphere of a small town while being within driving distance to many major cities. Another great aspect of the city is the fact that both the Gulf Coast as well as the Atlantic Ocean are both less than one hour away. For families who love the water, Auburndale would be a great place to call home.
Attractions and Events
With close proximity to two large bodies of water, singles or families can enjoy prime wind-surfing opportunities, world-class fishing, and anything else that has to do with the water. Also, there are a number of theme parks just north of the city of Auburndale in Orlando, which is approximately a 45 minute drive.
Employment
The city of Auburndale has many job opportunities similar in scope to other parts of the US although there are some specialty areas. Located near Cocoa and Palm beaches, there are a number of medical jobs available within an hour’s drive from Auburndale. Retirement communities abound in these areas, and with these communities come the need for specialized medical care. Nurses, doctors, pain management specialists, and most other medical professionals are in high demand.
Schools and Universities
Located near the city of Auburndale are some of the best colleges and universities in the nation. Just a short drive north will take one to the campus of the University of Florida at Gainesville. Less than one hour east of Auburndale is Florida State University. Because of such a close proximity to great colleges and universities, schools in the city of Auburn are considered superior to those in other parts of the state.
Conclusion
There are many opportunities for those looking to make a move to a different place in the city of Auburndale. There are a number of properties that are available for those looking to buy, and many of these Auburndale properties are poised to make big gains in the future. With such availability to numerous parts of the state, Auburndale is at the top of the list when it concerns accessible cities in the state of Florida.
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