Investment Properties and Flips
Community Care Leads to Success
Zacarias Sanchez is one of the Broker / Owners of Think Real Estate. He was born and raised in Panama City and is the proud son of Ruben and Iris Sanchez. His mother and father, native Puerto Ricans, are the embodiment of God-fearing, hardworking and loving. Zack’s trademark character was developed while watching his parents work hard and love well. They opened a local favorite restaurant in town which quickly became the place where Zack would learn not only the ins and outs of owning and operating a business, but would also serve as the foundation of the development his passionate work ethic.
Zack is a graduate of Florida State University where he received his Bachelor of Science in Business Administration. True to his nature, Zack graduated college with honors at the ripe old age of 19, ready to conquer the world with those values he learned growing up – working hard and loving well. Zack is committed to making the world around him a better place. One way he gives back to the community that has helped shape him in to the man he is today is through service to Big Brothers Big Sisters for Northwest Florida for which he serves as Board Chairman. Both Zack and his wife, Olivia are also very passionate about and active in their church. Zack is happily smitten with, Olivia who is just as busy, energetic and driven as him. Zack and Olivia are both passionate about Bay County.
Zack began his career in real-estate when he was just 16 years old, when he bought his first house and used it as a rental property. When other kids were stressing about who to ask to prom or maybe what their moms put in their lunchboxes that day, Zack was working hard, and saving to buy more properties. Upon graduating college, he started a job in banking and later, Insurance where he learned management, how to effectively work with and lead a team of people, and general “how to make people happy” skills. During his time in insurance, Zack received his real estate license and began to buy and flip houses. It didn’t take long for him to realize that real estate was his true passion.
Investment & Property Flips
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Buy Land and Build A Home or Buy An Existing Home in Bay County
Your future home awaits and we are here to help.
Are you in the process of locating your next dream home? If you are, you may be considering the differences between buying land and building new versus buying an existing home. Both of these options can be great, but each has a different journey to completion.
Fortunately, the real estate market in Bay County, Florida is quite active right now. There is plenty of inventory for sale in every part our wonderful community.
You can buy a neighborhood lot in a beachy or in-town community, or possibly find acres of land in the northern part of Bay County to start your own farm. Lynn Haven has become a very popular community to call home and the Cove has long been a wonderful community for those seeking to be near downtown Panama City. Lots and lots of choices to create a future that is uniquely you.
It is far more complex to buy land and build a home than it is to buy a home that is already built and move-in ready. Someone has to be available to make the continuous decisions that go along with such a project. And it is often times more expensive, too. Land costs, architectural design, permits, foundation work, framing, site work, exterior finishes, interior finishes, mechanical rough-ins— the details can add up rather quick. When building a custom home, $350,000 doesn’t build a palace in Bay County in 2020. Here is an example of what a $350,000 build budget would look like:
- Architectural Design: $17,430.00
- Site work. Design, Permit fees, inspections, etc.: $7,810.00
- Foundations. Excavation, concrete and retaining walls: $38,685.00
- Framing. Sheathing, trusses, etc.: $44,930.00
- Exterior finishes. Roofing, windows, and doors, etc.: $75,245.00
- Interior finishes. Drywall, flooring, insulation, paint, lights, appliances, etc.: $77,840.00
- Major systems rough-ins. Electrical, HVAC and plumbing: $35,445.00
- Hardscapes and softscapes. Driveway, fencing, landscaping, shed, etc.: $49,490.00
In contrast, the same budget of $350,000 can buy an existing home or condo, land included, that is move-in ready and waiting to welcome you home. And with the inventory in the Bay County Real Estate MLS, you can likely find your new home or investment project without too much effort.
Whichever your choice may be, Think Real Estate has two convenient offices in Bay County, Florida to serve your real estate needs. Our beach office is on Middle Beach Road, just east of Shipwreck Island Water Park, and our in-town office is on Martin Luther King Jr. Blvd., about one mile north of the mall. Both of our real estate offices offer the same high-quality service and personable, professional, dedicated Realtors. Contact us today to get started.