Licensed Contractors Only

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When buying new construction, always hire a licensed contractor with general liability insurance. Visit www.myfloridalicense.com to verify a license.
Cutting corners is no way to build your American Dream!!!

Be sure your contractor pulls the appropriate permits and ask if the cost of the project includes permitting, impact and building fees. Also, check whether or not your builder or contractor is a member of their state, local and national associations. These associations help educate contractors, encourage accountability and provide important industry information.

American Housing Builders II, Inc. is a member of The Tampa Bay Builders Association (TBBA). “…a trade organization, which works diligently to fulfill its mission by providing important services to enhance the building industry in Pasco, Pinellas and Hillsborough Counties. It is affiliated with the Florida Home Builders Association and the National Association of Home Builders and dates back to 1946. The TBBA is a volunteer organization comprised of builders, developers, trade contractors, suppliers, lending institutions, title companies, engineers, attorneys and other types of businesses that have a relationship to the building industry.” Visit http://www.tbba.net/ for more information.

Advice from the Florida Construction Licensing Board:

• Don’t be victimized by someone making a door-to-door presentation offering to do repair jobs or home improvements “on-the-spot” and requiring a cash deposit.
• Ask to see their Florida state certified contractor’s license.
• Get at least three bids, and ask for references of work the contractor has completed in your area.
• Make personal contacts and ask about the quality of work.
• Require a written contract with the contractor’s license number on it.
• Don’t sign if there are any blank areas and until you fully understand the terms.
• Do not pay cash or let payments get ahead of the work completed, and don’t pay the full cost of the job up-front.
• Make sure that building material costs are paid; ask for receipts.
• Check workers’ compensation coverage by requesting to see a certificate of insurance. If injuries occur on your property, you may be liable.

Frequently Asked Questions

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question1. What is an escrow?
Very simply defined, an escrow is a contractual arrangement in which a third party receives and disburses money with the disbursement of funds dependent on conditions agreed to and met by the transacting parties.

2. How does assessed value differ from appraised value?
Assessed Value is a value placed on a property by a public tax assessor for the purposes of taxation. Your property taxes will be based on this value.

Appraised Value is the value placed on a property by an appraiser, recognized for experience in a particular field. Lenders, such as banks and mortgage companies use this value for lending.
3. What is Private Mortgage Insurance (PMI)?
Private Mortgage Insurance is an insurance policy used as a protection for lenders against borrower default. It is paid for by the borrower and usually required when the down payment is less than 20% of the purchase price. Most lenders will make this part of the monthly payment.

4. Does American Housing work with Realtors?
Absolutely. We are very Realtor friendly and have an ongoing Realtor program that many Realtors appreciate. Realtors should register their clients on their first visit to our Model, Office or Design Center.
5. Do I need a Realtor?
You do not need a Realtor to purchase an American Housing home.
6. How are my property taxes figured and how much will I have to pay?
Taxes are usually based on assessed value of the home and the millage rate of the municipality that the property is located in. A title company can usually give you an estimate on that.

7. What insurances will I need and how much will I have to pay?
You will need homeowner’s insurance. You can usually get a quote from any reputable insurance company.

8. What is Homestead Exemption and how does it work?
Florida’s Homestead Exemption is one of the most protective property provisions in the country. This provision applies automatically upon purchasing a primary residence in the State of Florida, but to reap the tax assessment benefits it must be claimed by a filing with the state. When someone owns property and makes it his or her permanent residence, the property owner may be eligible to receive a homestead exemption of the first $25,000 of the assessed value, which applies to all property taxes. However, this exemption can be lost if the homeowner abandons use of the homestead as a primary residence. For more detailed information, contact your local Property Appraiser’s office.

9. What is the advantage of investing in a new home rather than an existing home?
There are many advantages when you invest in a new home; these are just a couple;

• American Housing new homes come with a limited 10 year structural warranty!
• You can usually save money on you home owners insurance!
• Ease of maintenance can save you lots of money!
• American Housing new homes are much more energy efficient!
• Healthier materials are now being used in all American Housing new homes!
• American Housing homes are built with stronger protection against storms.
• American Housing new homes are built for more comfort with better insulation.
• Remember, in a New American Housing Home, everything is new from the Foundation to the Roof, to the Landscaping!