Latest news from Worldway U.S. Investment Immigration: the U.S. economy is experiencing a strong recovery, once again becoming the engine of the world economy. As the U.S. dollar's exchange rate is set to enter a rapid upward trajectory, converting Renminbi assets into U.S. dollar assets is undoubtedly a wise asset allocation strategy. Investing in real estate in the U.S. has become an important financial planning strategy for the wealthy class in global asset allocation.
So, how much does it actually cost to buy a house in the U.S.? This issue, Worldway's U.S. Investment Immigration experts provide a detailed analysis—detailed overview of home buying costs in California for reference for investors.
One-time costs when buying a house:
1) Purchase price.
2) Third-party notary fees, approximately $600-1000 (charged based on the price of the property).
3) Lifetime title insurance cost, approximately $1500 (can be requested for the seller to pay).
4) Transfer tax charged by the county government, approximately $300-600 (can be requested for the seller to pay).
5) Natural disaster insurance for the house, annual premium approximately $500.
6) Home inspection fee: $300-500 (charged based on the size of the property).
7) Notary registration fee approximately: $50-120.
Ongoing home-related costs:
1) Property tax
Property tax rates vary based on different locations, years, and house sizes. The general basic tax rate is 1.2% annually. Community development taxes for new homes can add an additional 0.1%-0.7%.
2) Homeowners association fees
Property management fees can also vary based on different locations, years, and property sizes, generally around $0-$300.
3) Various insurance costs
Generally, annual natural disaster insurance/fire insurance, etc., is approximately between $500-$1500. Prices vary by location, year, and property size. Additionally, there is earthquake insurance, which is relatively high, costing around $2000 or more per year. Most people do not purchase earthquake insurance.
4) Gardener fees
This type of fee mainly applies to larger properties. For instance, properties with private gardens and pools need cleaning once or twice a month, costing about $50-$100.
In 2015, U.S. investment immigration will face various complexities such as waiting periods, rising investment amounts, and the expiration of regional center legislation. Meanwhile, the strong recovery of the U.S. economy highlights this period as the golden application time for U.S. EB-5 investment immigration. For investors intending to immigrate to the U.S., choosing to apply for U.S. EB-5 investment immigration during this period not only allows for proactive responses to waiting periods and prevents uncertainties like rising investment amounts and the expiration of regional center legislation but also creates an excellent opportunity for overseas asset allocation.
Worldway has launched two major projects that have received pre-approval from the U.S. Citizenship and Immigration Services: the New York Liberty Garden Luxury Apartment Project and the Pennsylvania Highway Project. The New York Liberty Garden Luxury Apartment Project has a high net asset guarantee of 14.5 times, and the developer, Lightstone Group, is one of the largest and most successful private real estate developers in the U.S., with the founder providing a personal asset guarantee of 11.7 times.
The Pennsylvania Highway Project, financed by state government loans with a commitment from the state government for repayment, is a 100% U.S. government EB-5 project. The first phase was sold out in just two months. Currently, the second phase of the Pennsylvania Highway Project is seeing even more enthusiastic purchasing than the first phase. Consultation hotline 400-138-2929
