Ever wonder why you are paying more for home insurance than someone you know? Insurers cover several factors when computing your home insurance rate. The factors can vary—some historical, some regional, others personal.

Insurance providers also have different ways of assessing risk. That said, it is recommended that you compare home insurance quotes to ensure you get the most affordable rate possible.
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Factors that Can Affect Your Home Insurance Rates

The cost of home insurance will depend on many factors. Below are some of the critical elements that can affect home insurance rates:
Location
Location is one of the most significant factors insurance companies consider when calculating your home insurance premium. Most insurance companies also track the number, types, and cost of claims in each postal code area. High-crime neighborhoods and earthquake and flood-prone locations have high insurance rates.
Square Footage
On average, larger homes will cost more to insure. This can be attributed to the fact that more space and more furnishings need to be repaired or replaced after a loss. Essentially, the more content, the more space, the higher the insurance premium, and the more insurance will be required.
Credit Score
A good credit history can reduce your home insurance premium. Statistics show that those with good credit history typically make fewer insurance claims. It is essential to keep in mind that any inquiries into your credit history or score will be recorded in your report. However, your credit rating won't be affected when done for insurance purposes.
Renovations
When you renovate your home, your home insurance premium can also increase as the amount of insurance coverage also increases. In line with this, it is recommended that you inform your broker about any renovations you have done so you will be able to get adequate insurance coverage.
Roof Condition
The condition of your roof can affect your homeowners policy significantly. New roofs often mean reduced premiums. Homes with older roofs will also typically pay more. Most home insurance providers expect homeowners to keep tabs on their roofs and make repairs when required.
Type of Dog You Own
While many people love their dogs, home insurers are not as enamored. If you have a dog that's considered "aggressive," it would be a good idea to shop around for a policy. Some insurance providers will not increase your rates, while others might. The typical home insurance rate is .3% if you have a dog that’s considered an aggressive breed.

What Homeowners Insurance Covers
What does your home insurance cover? In rare instances when you need to file a claim, knowing the answer to that question can make a world of difference. While home insurance policies have standard provisions, what's covered can vary from state to state, depending on the policy you choose.
Specifically, home insurance policies will only cover perils that are listed as covered events in the policy. In other words, if a specific disaster is not listed as a covered event, homeowners will not be able to file a claim if it transpires.
Typical perils covered include:

● Smoke and fire damage
● Weather-related damage like hail or wind damage
● Water damage from internal sources, but not from flooding
● Theft of personal property
● Damage caused by ice or snow on the roof
● Explosions (i.e., gas explosions)
● Damage caused by motor aircraft or vehicles


Many insurance policies include provisions for contents (personal property that is not affixed to the house). This is the reason theft of personal property is usually considered a covered event.

Most home insurance policies also cover damage to outbuildings, fencing, and landscaping. The coverage is generally equivalent to up to 10 percent of the total policy amount.

There is also a provision that provides homeowners with temporary living expenses if their home has been damaged to the point where it is no longer livable. The insurance provider will reimburse homeowners their living expenses while their home is being repaired.

Lastly, most home insurance policies provide liability coverage if a family member, a third party, or yourself gets injured on your property. The same is true when your dog bites someone.

Conclusion
Several factors can affect your home insurance rate. That said, it is crucial that you carefully analyze your options before deciding. After all, your home is a massive investment, and you need to be able to protect it accordingly.




About the Author:
Rachael Harper is the Content Marketing Strategist of Bennett & Porter, a wealth management and insurance firm based in Scottsdale, Arizona. When not writing, she makes use of her time reading books and playing bowling with her family and friends.

Park East at Azario Lakewood Ranch is located in the northeast corner of Lakewood Ranch., between State Rd 64 and 44th Ave East. This will be adjacent to the Esplanade at Azario village, but they will have their own floorplans and amenities, without the golf-included lifestyle.
In fact, there will be 21 floorplans to choose from! Park East will have just over 300 homes sites to build on.

Homes will range in size from 1800 sq ft to over 4800 sq ft. There will be 4 different home site sizes, as shown on their Phase 1 site plan, with 42’, 52’, 62’, and 76’ lots. And there are some beautiful sites, as we show in our video! Homes will be priced starting around $375K to over $800K, depending on floorplan and options.

This village will be zoned to Gullett Elementary & Mona Jain Middle School, which are both A-rated and just over 3 miles away down 44th Ave E. It is also zoned to Lakewood Ranch High School.

There will be 5 models to tour, opening soon, and they will be starting some inventory home builds in the next few months.

The HOA fees will most likely be under $200/month per home and the amenities are set to include a pool, sports courts, volleyball, and BBQ spots for residents to enjoy.

​More specifics and pricing are still being determined, so contact us to join our VIP list and learn more details as SOON as we do!
 

Florida taxes are a mystery to many, but today we try to explain a bit more about taxes, how to find tax bills for homes, and what the Homestead Exemption could mean for you as a homeowner.  To download your Guide to Homestead Exemptions, click here!

When you are considering buying a home in Florida, one of the main questions you will ask yourself will probably be "what are the annual taxes?"
It is not a very easy mathematical equation to figure out, but we wanted to share some helpful tips on ways to find out what taxes are on similar homes and determine if you are eligible for any tax exemptions. 

First of all, you want to figure out which county the home is located within because each county can have different tax systems and millage rates. 
Our video above focuses on Manatee county, specifically. 
The county Property Appraiser's website is going to be a wealth of knowledge for you as you explore different exemptions and tax information. 

Once there, type in the address of the property you want to look up and click "Search". This will bring up a screen with a ton of information about the home, including all of the tax exemptions listed. To download a free guide explaining more about tax exemptions, click here. 

The Tax Bill will list all components of the total tax amount, including any non-ad valorem taxes- which in Lakewood Ranch, make up the Stewardship or CDD fees. 

The totals listed indicate which amount you pay depending on how early you pay your taxes. For new construction, we like to estimate that the taxes will be about 1.5% of the purchase price of the home. That would include the CDD fee, and may be over-estimating in some cases, but it is a good starting point. 

The Homestead Exemption essentially decreases your home value for tax purposes by $50,000, assuming your home is a primary residence. 
Also, the “Save Our Homes” amendment limits, or caps, the annual increase in assessed value of property that has a homestead exemption. The increase cannot exceed the lesser of 3% or the Consumer Price Index (CPI) for the previous year. The assessed value cannot be greater than the market value. These two initiatives combined help to save money on your property taxes as a Florida resident. 
For more information and FAQs, download your guide.

Or contact is with questions!
Contact@Chenkus.com

A popular question from buyers out of state is: what neighborhoods are NEAR Lakewood Ranch, but not necessarily in it?

Today, we are going to share information about the neighborhoods, or developments, that border Lakewood Ranch in Manatee County, between State Road 64 and University Parkway, east of I-75. This includes Braden Woods, River Club, Rosedale, Eagle Trace, Serenity Creek, and Avaunce.

Braden Woods-  The aesthetic of this neighborhood really lives up to its name, as the tall pines and forests scattered throughout the homes make it feel like you are far out in the country, when really you are easily accessible to everything. The developer’s intention for Braden Woods was to create a neighborhood where you could enjoy the natural beauty of Florida, without having to find a state park.

Even the smaller lots at Braden Woods measure at least half an acre and homes meet a variety of sizes and styles. Homes were built starting in the 80’s, so this is an older development, which contributes to the more mature landscaping. Prices range from the $300,000s to the $500,000s There are no CDD fees and low HOA fees. Also,  this is the only neighborhood in the area (that we know of) where septic tanks may be used rather than public sewer.
Homes in Braden Woods are zoned to Braden River Elementary, Braden River Middle, and Lakewood Ranch high school. 

River Club - River Club is a deed-restricted community located in Bradenton, just outside of Lakewood Ranch, with no CDD fees and low HOA fees. There is a semi-private golf club and restaurant that is also open to the public for select hours. River Club was primarily built in the 1990’s and early 2000’s, and has smaller sections within it including River Club North, River Club South, and River Club Sanctuary. Many of the lots are​ ​1 – 3 acres in size, which is more than the average in this area.

Homes in River Club were originally built by well-known names such as Todd Johnston and Arthur Rutenberg.  River Club accommodates a wide range of lots and properties, from maintenance-free villas to larger estates.  The 3-5 bedroom residences start at $350,000 and extend to $900,000.  The HOA fees are about $70/month for most homes and there are no additional CDD fees. The homes in River Club are also zoned to Braden River Elementary and Braden River Middle School, which can be found right within the neighborhood. Older students are zoned to Lakewood Ranch High School. 


Rosedale - Rosedale is a gated golf course village located East of I-75, north of Sarasota in the Lakewood Ranch area. This location is very convenient for commuters and residents, with access to all Lakewood Ranch and the UTC area has to offer, as well as quick access to I-75. This maintenance-free community has no CDD fees and a private Golf membership for residents.
Homes for sale in Rosedale are a mixture of newly-built homes and resale. Lennar built many of the homes in Rosedale and offer floor plans ranging in size from 1,500 square feet to over 2,400 square feet. Ashton Woods is an additional builder in Rosedale with some homes still under construction.

Residents can choose to join the golf membership, but social membership is required for most homesites with an annual fee. Also included is a new clubhouse, tennis, pool, fitness center, and full service restaurant with no minimum spend.
Rosedale is zoned to Braden River Elementary, Braden River Middle School, and Lakewood Ranch High school.
​
For more information on golf or other membership, contact us!

Eagle Trace –
This neighborhood was built by Neal Communities starting in 2015. It is a small, gated enclave of just under 300 homes and villas, conveniently located right off State Rd 64. There are nature trails, dog parks, tennis courts, a playground, recreation center, and community pool within the neighborhood. Lawn maintenance is also included in the low monthly HOA fees and there are no CDD fees.
Homes in Eagle Trace are zoned to Lakewood Ranch schools: Gullett Elementary, Mona Jain Middle, and Lakewood Ranch High. 

Serenity Creek – This gated neighborhood was built by Meritage Homes and is a small section of energy-efficient, larger two-story floorplans (primarily). All homes at Serenity Creek are equipped with special windows, Energy Star appliances, water-efficient fixtures, spray-foam insulation, smart HVAC system, and other features that translate into monthly utility bill savings.
Inside the community, residents can enjoy a dog park, playground, and trails to walk, run, or bike for an HOA fee of under $100/month. This neighborhood was built within the last 5 years, so resale homes are relatively new and modern. Most homes in Serenity Creek are zoned to Lakewood Ranch Schools – Gullett Elementary, Jain Middle, and LWR High School. There are no CDD fees in Serenity Creek. 


Avaunce - Avaunce by KB Home is a gated community in Bradenton, FL, right in the heart of Lakewood Ranch yet without the CDD fees. This commuter-friendly location is  just minutes from I-75, Hwy. 70 and Hwy. 64. With 8 floorplans to choose from, families can find the space they need without the extra fees.
 
This community does not offer many amenities, but there is a pool and cabana for the residents to use. It is not maintenance-free, but all of these options help to keep the HOA fee and cost of living down for homeowners.
Homes for sale in Avaunce were built by KB Home and range in size from 1,200 square feet to over 3,000 square feet. The largest floorplan can have 6 bedrooms  and pricing on homes starts in the mid $200,000s. They are also zoned to Lakewood Ranch Schools: Gullett, Mona Jain, and LWR High. 



If you are interested in learning more about the homes in these neighboring communities, contact us today! We would love to help you find your dream home in the Lakewood Ranch area.

Shoreview at Lakewood Ranch Waterside – Pinnacle Model Tour

Waterside at Lakewood Ranch is one of the newest and most popular spots  in Lakewood Ranch. It currently consists of two villages, Shoreview and Lakehouse Cove, with room for more! Then there is Waterside Place, which will be the new hub of activity in Lakewood Ranch slated to open in the spring. We have talked about the models and amenities at Lakehouse Cove in previous videos, so today we wanted to show you some of Shoreview and give a tour of the Pinnacle model.

Shoreview at Lakewood Ranch Waterside is developed by Pulte. They offer 9 floorplans to choose from with a variety of structural options to customize the home for your needs. They also have some of the most impressive water views in all of Lakewood Ranch – but those home sites definitely come with a bigger price tag! This Natural gas community with approximately 246 single family homes centered around 144 acres of existing lakes is 3 Miles from Interstate 75 and walking distance to Waterside Place.

These homes range in size from 2,000 square feet to over 4,000 square feet with one and two story plans. Their base prices start just under $500,000, not including the lot or interior choices/options and pools.

Shoreview at Lakewood Ranch Waterside has its own beautiful amenity center including a beach area with hammocks and chaise lounges, fire pits, heated resort-style pool & spa, Kayak launch, outdoor bar & BBQ grills, Tennis & pickleball courts, Multi-purpose turf lawn, Clubhouse with community gathering room & kitchen, and a State-of-the-art fitness center.

For more information on their amenities, check out this video: https://youtu.be/Q7zq8Dk3-FU
​
Interested in building in Shoreview at Lakewood Ranch Waterside? Contact us for more details and to help you get started!

We would love to talk to you about Lakewood Ranch, Florida real estate!
Email us: Contact@chenkus.com
Follow us on social media: @soldbychenkus
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Have you read a description of a home in Florida and wondered what half of the words meant? Have you Googled the phrases “lanai” and “lot premium” to try and better understand what it all means?

Search no more, we are here to help!

If you are moving to the area from out of state, there might be some Florida-based real estate/house lingo that sounds foreign. Today, we explain what the most commonly used terms mean, how it relates to real estate, and provide examples of that specific to Lakewood Ranch, Florida.
​
Let’s get started!

Types of Homes

Villa (detached) - this is a single family, one story home, possibly with a side entry to the house. The layout tends to be longer and narrower than traditional Single-Family layouts.

Paired or Quad villas - these will be attached and share one (or two) walls. The end units usually have more windows versus an interior unit, and these will have 

In many communities, Villas are treated as a single family home in the sense that you can add a pool or extended enclosure area. For example, the Ibis paired villas in Esplanade at Azario allow homeowners to extend their lanai and add a small pool/spool. However, they charge a bit higher of an HOA fee because they take reserves to cover roofing and exterior painting, kind of like a condo..
 
 
Condo - in Florida, a condo is usually a single story unit in a high-rise or multi level building. Sometimes there are detached or attached garages and storage space, sometimes just carports or cars in front. 
 
Townhome-this is a multi-level, single family home. Usually the garage is the first floor and then the main living space is in the middle with the bedrooms upstairs. Mallory Park at Lakewood Ranch has unique townhomes with the garages in the back through an alley between homes, so the front of the home has a porch and standard entrance. 
 
Apartment - a rental unit in a larger building with its own amenities and rules 
 
Single family homes- I think this one is pretty self-explanatory..
 

Features in Florida Homes

Lanai- this is a Hawaiian term used for a veranda connected to the main house with roof on top and open sides. It can be used as a living area and promotes natural air circulation. Lanais are best for tropical weather that allows people to sit outside, which is why they work so well in Florida. This is generally the covered area connected to the roof in the back of the house, screened in. You can extend your lanai to include your pool and additional decking, then cover it with your screen..

Screen/Cage enclosure- this becomes an extension of your lanai because you can include the pool and additional decking, then close it in with the screen or cage.
 
Hurricane impact glass (windows and doors) – Seems self explanatory, but also means that you don’t need to worry about hurricane shutters, as this does the job for you. If you have the option to upgrade to this when building, I highly recommend it. Most builders include hurricane impact glass on front windows and doors, but add the back, as well, if you can!

Elevation – Generally, this term refers to the height above sea level, however, in the context of new construction in Florida, this refers to the exterior look of the home or front façade. Builders offer different elevations to make the homes look different from one another, and sometimes there are additional costs involved with choosing one elevation versus the other.
 
 
Maintenance Free -A funny term because it is definitely not free, but this is the term used in communities where the HOA fee covers all of your lawn and yard maintenance. Maintenance included might be a better way to describe it! Homes that are not maintenance free require homeowners to do their own yard and lawn care, or hire a landscaping company. 

How Pricing Works
 
AC square feet - on a floorplan, this is the number to pay attention to. It will include all of the living space under the roof within the A/C, excluding the lanai and garage spaces. The "total living area" includes all of those extra spaces. 
 
Base price – If you were to build the house floating in space with basic finishes in it, this is the price. It does not include the land, pool, or any interior finishes and upgrades. 

Lot premiums- Now, you have to put the home on land somewhere, so the lot premium is the cost of the land you choose. A water view lot is going to have a higher premium than a preserve lot, although both beautiful. A corner lot or one that backs up to a wall, busy street, or another home will have a much lower premium. Add this to the base price of the home, as a starting point.
 
Design options – Now, you need to add the interior finishes to the home to make it what you want! These design options range in price for each builder. Some builders, such as Lennar, offer a few options and upgrades that would keep your design options limited, but also super affordable. For a more custom design, like with Homes by Towne, you can estimate that you will spend about 15-18% of the base price of your home on options (which on a $500,000  is at least $50,000).
 
Add your base price + lot premium + design options (estimate) to get a better idea of the full price. Then, add the pool if you plan to put one in! (Average pool would be about $50,000 for easy estimates)
 

I hope this was helpful to better understand the commonly used terms associated with new construction in Lakewood Ranch and home building in Florida.


Still have questions? Contact us today! 
Email: contact@chenkus.com
Phone: (941) 348-2653

​ 
We are back at Waterside Lakewood Ranch! This time, we wanted to focus on the Cutter series in the Homes by Towne section of Lakehouse Cove. These are smaller homes on narrower lots in a great price point!
 
In this video, we tour the Beacon Model which has 2 bedrooms, plus a den, 2 bathrooms, and a 2 car garage. The highlight of this home is the wall of sliders leading to the lanai - stunning! Base price: $369,900 The model shown with all of these gorgeous upgrades on this beautiful water lot probably lands in the low $500,000s. 

​We also tour the Skiff Model in this second video. This home is a little bigger at 2,153 square feet with 3 bedrooms plus a den, 2 bathrooms, and a 2 car garage. The base price is $399,900 and pools can be added on most lots in the Cutter series, as well. 

They have inventory homes available and lots to build on, so if you love either floorplan, call us today and we can help you make your new Lakehouse Cove home a reality!

Learn more about Waterside Lakewood Ranch: https://youtu.be/Q7zq8Dk3-FU

Looking for a larger home? See our other Homes By Towne model tours –
The Outrigger: https://youtu.be/Xclhj9IjDX8
The Tideland: https://youtu.be/7vthSvbLZZU

Contact us today to learn about other Lakewood Ranch homes! We love working with buyers and sellers in the Sarasota/Manatee County area of Florida! Looking elsewhere? We can refer you to a great agent!
Contact@Chenkus.com
(941) 348-2653
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