Florida real estate - Cape Coral Real Estate For Sale | Cape Coral Homes

April 26, 2021April 26, 2021

5 Events That Make a Vacation Home in Cape Coral Worth It

A person relaxing on his vacation

Cape Coral attracts a lot of tourists, and there’s a reason for that. Here some of the best events that you’ll get to witness after purchasing a Cape Coral home:

Oktoberfest

Based on the famous German festival, this event is held courtesy of the local German American Social Club. It’s popular for its food, music, and celebration of the Bavarian culture.

The timing of the event is also great, as it happens just after the hot summer months—and the winter season in Cape Coral is always enjoyable.

If you’ve just moved to Cape Coral and want to get to know the people and the general culture, then there’s nothing better than this event.

The Coconut Festival

Attended by over 20,000 people, The Coconut Festival has become one of the signature events of the city. The main appeal of the event is two nights of stage performances by popular Rock and Country artists, and a huge fireworks display at the end.

Some of the other events of the festival include:

Various types of popular American food offerings
Great carnival rides for the whole family
Various types of attractions, including acrobats and dancers.

Sunset Celebration

Cape Coral is a part of Florida, the Sunshine State. The Sunset Celebration is held at the Yacht Club on the first Wednesdayof every month from October–April.

As for the facilities, the event has all the attractions one can expect, including local artists, musical performers, and food options.

Junk in the Trunkfest

Just because you’ve purchased a Cape Coral home doesn’t mean that you can’t enjoy a yard sale and look for hidden gems in someone else’s collection of old items. People from all over the city gather at one place to sell their old gatherings.

The event is an opportunity for the entire family to go on an adventure together and hunt for fun items.

Festival of Arts

Held in the second week of January, it is one of the most well-known art events in Florida. Many popular artists display their artwork to tens of thousands of visitors. It also has a typical mixture of food, music, and other festivities.

A woman heading towards her vacation

Get Your Cape Coral Real Estate Today

Cape Coral also hosts various other events such as the Cardboard Boat Regatta and the Cape Coral Bike Night.

Get in touch with us at Del Prado Realty today to find your ideal vacation home. Our Cape Coral realtors can also manage your property in your absence and even help you with new construction.

Take a look at all the Cape Coral real estate we have available and what some of our customers have to say about us.

April 22, 2021April 26, 2021

4 Tax Benefits You Get When You Purchase A Home in Florida

Taxes written in capitalized font

There are many reasons why Florida is a popular place to live—the great weather, the beautiful tourist spots, the senior citizen community. However, there’s one advantage that trumps them all, the tax benefits.

Here are some of the biggest tax benefits that lead to people purchasing Florida homes:

1. The Homestead Exemption

Homestead refers to a property that its owner currently occupies. There are certain tax exemptions given to people on their principal residences.

In Florida, the homestead exemption can mean a reduction of $50,000 in the taxable value of a home. So if you qualify, you’ll be saving significantly on real estate taxes.

There are additional benefits for veterans, spouses of deceased veterans, differently-abled people, and those who are over 65 years of age. Further details on that can be found here.

2. Deductible Real Estate Property Taxes

The property taxes in Florida are deductible up to $10,000. If a married couple is filing separately, then the deduction can go up to $5000 each.

These deductions are available for primary homes, apartments in a housing cooperative, vacation homes, and Florida land. The property taxes must be deducted in the same year that they’re paid.

3. Interest on Mortgage

The interest that you pay on your mortgage payment is deductible. If the house was purchased before 15^th December 2017, then interest on the first $1 million is deductible, and if it was purchased after that date, then interest is deductible up to $750,000 in debt.

To be eligible for this, the property must either be your primary residence or your second home. In recent years though, the rules have changed a little. The loan you’ve taken out should be used to either buy your home, build it, or improve it in a significant way.

4. Medical Home Improvements

This is one of the things that makes Florida homes so attractive for seniors. Costs that are more than 7.5% of a homeowner’s adjusted gross income can be deducted. In addition to that, any improvements that do not add to the home’s value can also be deducted.

The maintenance costs of those improvements are also deductible. If the improvements add to the value of your home, then the difference between the cost of the improvement and the increase in the home’s value will be deducted.

A happy couple in their Florida home

All of that sounds promising, doesn’t it? If you’d like to move to Florida to take advantage of the tax benefits, then get in touch with us at Del Prado Realty.

With over 25 years served as Florida realtors, we have the knowledge and expertise to guide you through your home purchase and help you save on as many taxes as possible. Don’t just take our word for it; read what some of our customers have to say about our quality of service.

Take a look at all the real estate we have available.

April 21, 2021April 26, 2021

4 Tips to Follow When Buying Real Estate In Cape Coral

A number of different beachfront properties

There can be several reasons why you may want to own a home in Cape Coral, from the fact that it makes for great vacation homes to all the benefits of owning a Florida home.

But before you undertake such an expense, here’s a little guide that’ll help you make the right choices along the way:

1. Look At The Property

If you’re purchasing Cape Coral real estate, then there’s a fair chance you’re going to be looking at a waterfront property.

In this case, it’s important to pay attention to not just the house but also the land around it. For example, some of the things you should be looking at include:

The seawall should be able to protect the house from water
If the house is near a water body, you may notice a lot of tourists around.
Ensure that the house can accommodate your boat if you have one already or are planning to purchase one later.

2. Find Out How To Monetize The Property

Many people pay a down payment on a home and then rent it out, using the earned income for mortgages.

If you’re purchasing the property with the intention of only visiting it occasionally, then it’s a good idea to find out the following things:

The best season to put it up for rent
Which type of clientele is best to rent it out to
How often does it need to be rented out to cover the mortgage payments

With Cape Coral already being a popular tourist area, you’ll definitely see enough demand for your rental house.

3. Loans and Insurance

Beachfront properties are expensive, and it’s not wise to put all your money into one property at a time, which is why you should research the types of loans you should secure beforehand and start working to attain them early on.

Also, if it’s a beachfront property, it’s best to determine how to insure your house to secure it in case of a natural disaster.

A person signing the papers for a Florida home

4. Get a Cape Coral Realtor

Getting a realtor in Cape Coral is one of the smartest moves you could make. At Del Prado Realty, we offer all sorts of real estate services, from homes for sale in Cape Coral to rentals, real estate maintenance, and new construction management.

Call us today to enquire more and check out all the Cape Coral real estate