Build & Price Series | ESPLANADE at SKYE RANCH

Building a new construction home is an exciting endeavor, but it can also be a daunting process filled with numerous decisions and hidden costs. From selecting the perfect lot and floor plan to navigating the maze of structural and design upgrades, and ultimately understanding the associated fees and taxes, the journey can be overwhelming. In this comprehensive guide, we'll take you through the intricate details of building a home at the Esplanade at Skye Ranch community in Central Sarasota, Florida, providing you with a roadmap to navigate the process with confidence.

This article was derived from my full-length YouTube video. You can watch it HERE !

#1. Design & Build Game Plan

Before embarking on your new construction journey, it's essential to have a well-defined game plan. This guide aims to peel back the layers of what can often be an unnecessarily convoluted and confusing process for an incoming homebuyer. By breaking down the various stages and components, you'll gain a clearer understanding of what to expect, enabling you to make informed decisions every step of the way.

#2. Home Lot & Floor Plan

The first step in building your dream home is selecting the perfect lot and floor plan. At the Esplanade at Skye Ranch community, you have several options to choose from, including paired villas, single-family homes on 52-foot lots, and larger single-family homes on 62-foot lots. Each option comes with its own set of advantages and considerations, such as lot size, home footprint, and potential for future expansion.

For this exercise, we'll focus on one of the most popular models, the Blasio, a 3,004-square-foot home with three bedrooms and three bathrooms (or two and a half), designed for a 62-foot lot. This model serves as an excellent example to illustrate the process and associated costs.

#3. Structural Upgrades

Once you've selected your desired lot and floor plan, it's time to dive into the structural upgrades. These upgrades can significantly impact the overall look and feel of your home, as well as its functionality and potential resale value.

Some of the key structural upgrades to consider include:

• Front Elevation: This upgrade allows you to customize the exterior appearance of your home, choosing from various architectural styles such as Mediterranean or Coastal.
• Garage Options: Depending on your needs, you can opt for a tandem three-car garage or extend the width of the garage for added convenience and storage space.
• Kitchen and Bar: Upgrading to a gourmet kitchen can transform the heart of your home, with features like built-in ovens, designer hoods, and high-end appliances.
• Rooms and Baths: Consider adding a fourth bedroom, extending the dining area, or enhancing the primary suite with bay windows or a private study.
• Outdoor Living: Extend your living space by incorporating covered patios, outdoor kitchens, or extending the roof line to accommodate future pool installations.

It's important to note that structural upgrades can significantly increase the overall cost of your home, so it's crucial to carefully evaluate your priorities and budget accordingly.

#4. Design Upgrades

While structural upgrades define the bones of your home, design upgrades bring it to life, infusing your personal style and preferences throughout every room. From cabinet finishes and countertops to flooring and lighting fixtures, these upgrades allow you to create a space that truly reflects your taste and lifestyle.

Some of the key design upgrades to consider include:

• Cabinets: Upgrade to higher-end cabinet styles, finishes, and materials to elevate the look and feel of your kitchen, bathrooms, and other living spaces.
• Countertops: Quartz, granite, or marble countertops can add a touch of luxury and sophistication to your kitchen and bathrooms.
• Flooring: Choose from a wide range of flooring options, such as engineered hardwood, luxury vinyl plank (LVP), or tile, to complement your design aesthetic and meet your durability needs.
• Appliances: Invest in high-end appliances, such as built-in ovens, cooktops, and refrigerators, to enhance the functionality and appeal of your kitchen.
• Lighting and Hardware: Carefully curated lighting fixtures, faucets, and hardware can add the finishing touches to your design, reflecting your personal style and creating a cohesive look throughout your home.

While design upgrades can significantly impact the overall cost of your home, they also play a crucial role in creating a space that truly resonates with your lifestyle and preferences.

#5. Fees & Taxes

Beyond the cost of the home itself, it's essential to factor in additional fees and taxes that will contribute to your overall financial commitment. These include:

• Homeowners' Association (HOA) Fees: The Esplanade at Skye Ranch community has an HOA fee that covers lawn care, irrigation, communal area maintenance, and access to various amenities. This fee is typically paid quarterly and can vary based on the specific lot and home size.
• Community Development District (CDD) Fees: CDD fees are associated with the infrastructure and maintenance of the community. These fees are included in your annual property taxes and can vary depending on the lot and collection series.
• Property Taxes: In addition to the CDD fees, you'll need to budget for property taxes, which are typically calculated based on the assessed value of your home and the local tax rate. It's advisable to consult with a real estate professional or tax advisor for an accurate estimate.

By understanding these additional fees and taxes upfront, you can better prepare for the true cost of homeownership and avoid any surprises down the line.

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Building a new construction home is a journey filled with countless decisions and considerations. By breaking down the process into manageable steps, from selecting the perfect lot and floor plan to navigating structural and design upgrades, and understanding the associated fees and taxes, you'll be better equipped to make informed choices that align with your budget and lifestyle.

Remember, the key to a successful new construction experience is thorough research, careful planning, and a solid understanding of the costs involved. By following the guidance provided in this comprehensive guide, you'll be well on your way to creating a home that truly reflects your vision and meets your unique needs.

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