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Thursday, 06 September 2018 14:32

Grandkids Make Life Grand

If you knew grandkids would be this fun, you would have had them first, right!?


It should come as no surprise that when kids spend more time with their grandparents, everyone wins. With age, comes wisdom. Our elders have a wealth of information - just waiting to share knowledge, love and skill sets with anyone, but particularly younger relatives.


Good Housekeeping Magazine wrote an article, titled, “A New Study Says Kids Need to Spend More Time With Their Grandparents -- Another thing your mom was right about!”  You can find it here.  


Studies have shown that intergenerational interaction has many benefits - it makes kids more compassionate, patient, interested in a variety of fields, and cultivates a more positive view of the elderly in general. Kids reported learning life lessons and expanding their skill set on an interpersonal level and in a more tangible way, as well.


It might also come as no surprise that Florida has the highest percentage of senior citizens than any other state. Children who recorded spending time with their grandparent/s at least once a week reported being happier and healthier.


As seniors retire and find their homes become a bit too much for them to manage anymore, a great option is a Home Care Suite. It allows grandparents to maintain their independence by still living on their own and allows them access to interact with their grandchildren. Grandparents and grandchildren are able to grow their relationship with weekly dates, as well as pass down wisdom learned from a life well lived.


Click here to learn more about Home Care Suites - backyard cottages built to keep your family close, comfortable, and independent.   

Published in Home Care Suites Blog
Thursday, 16 August 2018 13:55

How Will You Pay for Your Tiny Home?

The tiny house craze continues, with more and more people considering the idea of a tiny home on wheels.  The concept of being able to winter in the south and summer in the north is appealing.

However, there are a few important things to consider before you invest in a tiny home on wheels -- or even a tiny house on a stand-alone lot --  like, how are you going to pay for it?


How Will You Pay for Your Tiny Home?  

Recently Huffington Post did a story about financing tiny homes, we highlight several of their key points in this blog.   

Because tiny homes on wheels are mobile, they do not qualify for a traditional home mortgage.

Actually, THOWs don’t qualify for a home mortgage for a few reasons.


So, if you go to a bank and try to take a loan out for a tiny house, you may get a raised eyebrow.

Financing Options for Your Tiny House 

You might be able to get financing for your THOW with an RV loan. However, the catch here is that the THOWneeds to be certified as an RV by an organization such as the Recreational Vehicle Industry Association. This is the most cost effective type of loan, however, meeting the standards to receive an RV loan on your THOW can be a lengthy and expensive process; and may end up being not so cost effective after all.

If getting an RV loan is too much trouble, you can try taking out a personal loan. Yet, a personal loan has a higher interest rate, even with good credit.

Other things to consider for your THOW are where will you park it? As of yet, there are not many tiny home parks established like there are RV parks, and some RV parks are not welcoming to the tiny mobile homes. In most neighborhoods, it is illegal to live in a mobile home on a residential property. Think about it: what will you use for your sewer hookup?

You can read our blog about tiny homes on wheels, called “Home is where you hook up” here.    Note, since the publication of that blog post, developers in Tampa Bay have proposed to build a tiny home community in St. Petersburg, and another Tiny Home Community proposed in Ruskin, although neither development is complete.

If you are thinking of building a tiny house on a stand-alone lot -- again - we ask you to carefully consider all of the costs associated with developing a lot - putting in a driveway, paying local assessments and development fees, putting in the sewer, and connecting to electric. We itemize those costs in detail on our blog, “Before you build a tiny house on an empty lot, consider this.”

Popular Financing Methods for Home Care Suites  

We firmly believe that the most efficient and economical way to “go tiny” is to build an “accessory dwelling unit” -- essentially a detached mother-in-law suite - on a lot with an existing primary home structure.    When you tie a tiny house into the larger house, you avoid significant expenses associated with water, sewer, and electric, because you are able to connect to the existing home’s utility infrastructure.

Many of our Home Care Suites customers are looking to downsize - or “right-size” - and so they sell their existing larger home (which costs more to maintain and takes longer to clean) and invest in a Home Care Suite --  a cottage they build in the backyard of a family member - in most cases - their adult child.

Home Care Suites - which are tiny homes that are built as an accessory dwelling unit -  have several financial benefits. First - it allows the aging parent to divest their assets, and to transfer their wealth to their adult children. Second, for the adult children whose property the cottage is being built on -- because it is being built for an aging parent - it actually does not increase their property taxes.  

According to FL Statute, 193.703, there may be a reduction in the assessed value of a homestead property with construction or reconstruction of the property for the purpose of providing living quarters for parents or grandparents, so long as:
• The living quarters are provided for a person who is at least 62 years of age.
• The living quarters are provided for one or more natural or adoptive parents or grandparents.  

To Depreciate or Appreciate? 

A tiny home on wheels is going to depreciate or lose value over time. Our Home Care Suites cottages are home built on a permanent foundation, so they do not lose value and only increase the fair market value of the primary house commensurate with the cost to build or value of the cottage.

The adult child benefits because their property value goes up (In-Law Suites are a hot commodity) and they do not have any tax penalties, because according to Florida statute,  a home renovation made for an aging parent is exempt from property taxes.

We hope that you appreciate these financial considerations as you continue on your journey to “go tiny.” 

Published in Home Care Suites Blog

Tampa Bay Times Story ScreenShot

Home Care Suites was featured in the Sunday Homes Section of the Tampa Bay Times on Sunday, June 3rd. 

You can find the article by clicking this link

The article discusses how popular the tiny home trend is, but points out that the biggest problem with Tiny Homes on Wheels (THOW) is that there is nowhere to put them.  While efforts are underway to build a tiny home community, as of June 2018, there are not any tiny home communities in Tampa Bay, other than trailer parks. 

The benefits of the Home Care Suite - are: 

Hurricane Proof: our cottages are built on a permanent concrete foundation with hurricane-rated doors, windows, and roof. 

Comfortable and Convenient:  Our cottages are super insulated with icyning foam insulation that keeps you cool and comfortable all year long. Our cottages are larger than they typical tiny home on wheel, offering more living space. 

Economical:  Not only do you not pay any additional property taxes on your tiny home if it is built for your family, but these homes do not depreciate, like an RV or a tiny home on wheels would. 

You can read more from our founder, Henry Moseley, who is quoted in the article here.  

This photo of the interior of our Floridian model was featured in the June 3rd 2018 issue of the Sunday Homes Section in the Tampa Bay Times. 

Interior Living KitchenBedroomHallway Dunedin HomeCareSuite

Published in Home Care Suites Blog

 

Do you want to build a stand-alone tiny house?

It’s fun to dream about finding a little plot of land and building your own tiny dream home on the lot. But, it turns out that there are quite a few factors to keep in mind when you are developing a new lot.

Downsizing is all the rage, but before you build a tiny house as your stand-alone permanent residence, we encourage you to consider these things:

A big part of the expense of building a new home-especially on an undeveloped lot- actually comes from the underground work – things you might not think of.  

For modern day comforts, you need to have a home that has running water, sewage system, and electricity. If you have a vacant lot that is not already developed, you will have to pay significant additional fees to install your utilities: water, electric, sewage.

But there’s more. Depending on where you live, impact fees should be expected with your new residential development project. These fees are imposed and required by the state: school, fire service, parks, and transportation/ mobility fee.

So you know may be asking yourself, how much will all of this cost? The generic answer is, “more than you think!” But let’s add numbers to give us an approximation we can all compare. In the chart below, the numbers provided are based on counties located in the Tampa area, however, these fees are subject to change depending on the area of construction.

Keep in mind that these figures are approximations and they will vary depending on the county, zone, and the development of the land.

General Residential Development Charges Approximate Cost
Impact Fee-Transportation *depending on square footage $3,100.00 
Impact Fee- Recreational *depending on 1BR or 2BR and building zone   $275.00
Impact Fee- School *depending on square footage  $1,500.00
Impact-Fee Fire   $50.00
Meter Installation- Portable Water
*Septic System Setup (if needed)
Water Well *if needed
Water line set up
Engineering inspection
Reading Device
Wastewater charges
Survey
Electrical Connection
Permit Certification
 $18,000 to $133,500 
Total Costs $23,000 to $138,000 

 

*The county charges the impact fees. These averages were provided by Hillsborough County http://hcflgov.net/library/hillsborough/media-center/documents/public-works/impact-fees/residential-impact-mobility-schedule.pdf?la=en

* The site development costs for utility setup were estimates provided by http://buildingadvisor.com/buying-land/budgeting/typical-site-development-costs/. Please keep in mind that these values depend on the level of development of the land you purchase.

Now add on top of that the cost of building the cottages – our tiny homes start at $55,000, and go up to $110,000 or even $140,000 for the larger two-bedroom models with a full kitchen.  

Now that you have a general idea about the costs associated with a new development, this information should be considered when you’re making the decision to build your new home.

We don’t want to discourage your plans but do hope we can provide you with a clearer picture!

We generally build our cottages as a backyard structure – being the second living unit on an already-developed lot allows us to tie our cottages utilities into the existing water, sewer, and electric, which saves tremendously on costs.  

If you are thinking about building a stand-alone tiny new home on an undeveloped lot, you should compare these costs those associated with purchasing an existing home, and ultimately choose the best option for YOU: because home is where the heart is!

 

Published in Home Care Suites Blog
Thursday, 21 September 2017 07:43

Clearwater Cottage - The Floridian Model

DeSanto Exterior Pool Screen Medium Distance

Home Care Suites recently completed a cottage in Clearwater for a lovely family.  Our client, Sheila, had been a successful real estate agent for many years and had a nice condo in downtown Clearwater, but she had gotten to a point where she preferred to be close to her family. She sold her condo and built a cottage in her son's backyard, which had a smaller footprint than her condo, and would be easier to maintain with lower utility bills.   

Sheila had taken care of her own father and went through the process of him aging and passing away, so she had a first-hand experience of taking care of parents.  Sheila decided that a Home Care Suite was a much better option for her. Sheila wanted to be close to her family, but she also wanted to maintain her independence and have her own private space.   

Having spent dozens of years as a real estate agent, Sheila knew the value and appeal of having a guest house on a property.  Sheila's cottage was completed in early August 2017 and she is living comfortably there now.  

We are very happy to report that Sheila's cottage stood up to Hurricane Irma with no damage, and she and her family were safe through the storm.   

The cottage is attached to the main home through a connected breezeway, and a screened in lanai that surrounds the family's backyard pool.  Sheila and her family love gathering together on their back patio in the evenings and on weekends.   In Clearwater, building code requires that an accessory dwelling unit must be attached to the main home, so we were able to create a lovely compound for this family by attaching the cottage through a small roof tie-in and breezeway.  

CLICK HERE TO VIEW A VIRTUAL TOUR OF OUR CLEARWATER COTTAGE. 

Published in Home Care Suites Blog

Home Care Suites was featured on Tampa Bay's Channel 10 WTSP CBS News in early July, 2017  

Nightside reporter, Beau Zimmer met with one of our South Tampa families, Kathy and RC Barker, who are building a backyard cottage.  This cottage for Kathy's father, a retired Military Colonel who wanted to maintain his independence. Kathy and her father considered an assisted living facility, but after visiting a few, her Father decided they were not a good fit for him. After doing a little research, Kathy found the backyard cottage option, and her father thought it was a perfect fit!  

You can also find a link to view the video on WTSP CBS Ch. 10 website here: http://www.wtsp.com/news/local/-senior-cottage-an-alternative-for-the-elderly/454836118

Beau Zimmer CBS WTSP Ch. 10 Home Care Suites

Published in Home Care Suites Blog
Tuesday, 25 March 2014 22:06

Home Care Suites Featured on Fox13 News

Home Care Suites was featured in a March 25th, 2014 story about senior housing options on Fox13 News.  The story talks about how every day, 10,000 people turn 65. And as the baby boomers age, they are starting to think about where they are going to live, and who they are going to live with. These days people are looking for alternatives to the traditional nursing home or Assisted Living Facility.  

 

Watch the video here: 

 

FOX 13 News

Home Care Suites founder, Henry Moseley points out to Fox Anchor Cynthia Smoot how his custom backyard cottages can keep families close and independent.  The news story also discusses Lennar's NextGen multi-family homes, which cost between $200K and $300K.  

 

Home Care Suites is a good option for families who may not want to buy a bigger house, but who do want to live closer to family.  You can build a cottage in your backyard that extends your living space, enhances your property value, and allows you to modify the structure as your needs change.

 

Our versatile structures can not only be used as a mother in law suite, but they make a great home office, gym, guest house, or even craft or hobby studio.

 

Following is the Full Text of the Fox 13 News Article:  

TAMPA (FOX 13) -

If you're like many older Americans with parents still living, chances are you'll confront the questionof what to do with Mom or Dad when they can no longer live by themselves.

As 10,000 Americans turn 65 every day, this issue will become more common and businesses are starting to come up with solutions.

Welcome to the world of 'granny pods.' That's what many call the little cottages you can put in your backyard to keep an elderly relative nearby, but not under the same roof.

South Tampa builder Henry Moseley calls his custom-built cottages "home care suites," but it's the same concept. His company will build one of three models in your backyard that vary in size and price from $40,000 to $80,000.

"We want to keep our family close, but independent," he explained.

Moseley also says his custom suites are more than competitive with assisted living facilities.

"An ALF typically, just for the bricks and mortar rental, is about $3,000 a month. We can put you in one of our suites for $1,000 a month," he claimed.

For Mark Fersaci and his mom, Lennar's NextGen housing made sense. NextGen is a house within a house. Mark and his wife have their space; Betty Fersaci has hers.

"Like I tell her 'Mom, if you want me or need anything, just open the door. I'll be right on over. If you don't want to see me, close the door,'" Mark Fersaci said.

Betty Fersaci, 85, lived two hours away in Altamonte Springs. After two knee replacements, she started falling. She says she knew it was time.

"I was on the dining room and I couldn't get up at all. Three hours I laid there and I thought, 'Who's going to find me here?'"

Mark Fersaci went in search of a mother-in-law suite and found the Lennar home instead. His mother has 800-plus square feet of space with her own garage and private entrance. She also has a full kitchen -- minus a stove because of code requirements, a handicap-accessible bathroom with a roll-in shower, and large master bedroom. They converted a living room closet into a pantry.

"This is why Mark comes over," Betty says, chuckling. "Mark comes over and says 'Oh Mom, can I take that spaghetti sauce?'"

Lennar's vice president of sales, Dale Human, says demand for their NextGen homes is growing by the day. They're building three models in the Tampa Bay area ranging from the high $200's to the low $300's.

"The feedback we've been getting from the public is, 'We've got kids coming home from college. We have in-laws moving in. We need this extra space,'" he explained.

The Fersacis say, for them, this is the perfect fit.

"We have our independence, she has her independence," Mark added.

For more information:

Home Care Suites: http://www.homecaresuites.com/
Lennar NextGen Homes: http://lennarnextgen.com/tampa/

Published in Home Care Suites Blog

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Home Care Suites are an affordable alternative to an assisted living facility in the greater Tampa Bay area.
Home Care Suites serves the Central Florida Market including Tampa,  St. Petersburg, Clearwater, Palm Harbor, Largo, Dunedin, Seffner, Lakeland, Land O Lakes, New Port Richey, Riverview, Plant City, Town N Country, Spring Hill, Zephyrhills, Dade City, Clermont, Brooksville, Apopka, St. Cloud, Haines City, Winter Haven, Lake Wales & more.

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