Latest news from Worldway U.S. Investment Immigration: The U.S. economy is experiencing a strong recovery, once again becoming the locomotive driving the global economy. With the U.S. dollar exchange rate poised to enter a rapid upward channel, converting RMB assets into USD assets is undoubtedly an excellent method of asset allocation. Investing in U.S. real estate has become a key financial strategy for the wealthy to allocate assets globally. So, how much does it actually cost to buy a house in the U.S.? In this issue, Worldway's U.S. investment immigration experts provide a detailed breakdown of home buying costs in Washington for the reference of our investors.
One-time costs when buying a house:
1) Property price. Cash transactions are generally required.
2) Deposit upon submitting an offer: Approximately 2%-3% of the property price (this will be deducted from the final closing costs).
3) Professional home inspection fee: Approximately $400-$700 (depending on the size of the property).
4) Closing costs: Approximately $1,000-$1,500.
5) Property tax for the current year: Generally prorated between the buyer and seller based on the closing date.
Daily expenses after buying a house:
1) Annual property tax: Approximately 1% of the property value, generally based on government assessment (specific amounts depend on the government's market valuation at the time).
2) Annual homeowners insurance: Varies based on the size, age, and price of the house, generally between $800-$1,000.
3) Utilities (water, electricity, trash, gas): Approximately $200-$300 per month. This depends on household usage; if the property is rented out, it is usually paid by the tenant.
4) Homeowners Association (HOA) fees: Almost non-existent for single-family homes, though if the community is newer, it may cost a few dozen dollars per month. Most townhouses do not require HOA fees.
5) Property management fees: For remote investments, a management fee of 8-10% of the rent is required; maintenance or cleaning costs are calculated separately.
In 2015, U.S. investment immigration will face complex situations such as visa backlogs, potential increases in investment amounts, and the expiration of the Regional Center program. At the same time, the strong recovery of the U.S. economy highlights that this period can be considered a golden era for applying for U.S. EB-5 investment immigration. For investors interested in immigrating to the U.S., choosing this timeframe to apply for the EB-5 program allows them to actively address visa backlogs, avoid uncertainties like investment amount hikes and the expiration of the Regional Center program, and simultaneously seize the opportunity for overseas asset allocation.
Worldway has launched two major projects already pre-approved by the U.S. Citizenship and Immigration Services (USCIS): the New York Liberty Garden Luxury Apartment project and the Pennsylvania Turnpike project. The New York Liberty Garden Luxury Apartment project features a 14.5x net asset guarantee, and the developer, Lightstone Group, is one of the largest and most successful unlisted integrated real estate developers in the U.S., with the founder providing an 11.7x personal asset guarantee.
The Pennsylvania Turnpike project is funded by state government loans with a state government repayment commitment, making it a 100% U.S. government-backed EB-5 project. The first phase was sold out in just two months. Currently, the second phase of the Pennsylvania Turnpike project is seeing even more enthusiastic demand than the first. Consultation Hotline: 400-138-2929
