Real Estate Investments: Purchasing Vacation Property in Florida
Purchasing Vacation Property in Florida – With its warm temperatures, peaceful surroundings, gorgeous beaches, plenty of shopping outlets, and beautiful isolated communities, Florida is one of the most attractive locations for people across the country thinking of relocating to another state, especially from the north. However, moving there for good is a long shot for most people, many of which don’t think of it until their retirement draws closer.
Everyone has their own reasons. If you too are one of those who thinks a permanent move to Florida might be too much for now, why not consider vacation investment instead?
Of course, owning a second home in a different state may require a great deal to invest in real estate, but there are obvious advantages to it that you probably don’t want to miss out on.
- Long-Term Profits – Most vacation properties usually retain their value and that’s mainly because of where they’re located. Besides, the Florida real estate market has been thriving!
- Tax Deductions – If you don’t rent out your vacation home for more than two weeks per annum, your property taxes and mortgage interest is deductible from the property’s gross income.
- Rental Income – Nobody minds a little extra money coming in. Florida is popular with the tourists and has an ever growing tourism industry that promises great returns.
- Preparing for Retirement – Florida is famous for the amount of retirees that live here. The warm temperatures make it a welcoming place for elderly citizens. This is something even you can consider – maybe moving there for good once you retire. Plus, you’ll already have a home there anyway.
Why Florida?
People from everywhere around the world, own vacation homes in Florida. The thriving tourism industry in the state is the catalyst that fuels people’s increasing interests in owning vacation properties here. Tourists to the region agree on paying for rental property that may vary between $100 and $3,000 per night! That’s a lot of money!
In most cases, the amount of rent depends on factors such as:
- Size of the house
- Location of the house
- The season
Besides all that, the real factor that makes real estate investment in Florida an attractive opportunity because property prices in the region are fairly stable as of now since the state is still in the process of recovering from the foreclosure hit. The same prices are expected to rise in the near future. This again is a plus point for real estate investors, as their property values will appreciate over time – higher value means greater profits!
How to Begin?
Whenever you’re dealing with real estate, it is always advisable to get in touch with the best real estate agent who can help you get just what you want – a property that fits your budget or the price you want to sell it at.
When considering vacation real estate investment or any other real estate mentoring in Florida, Chris Blasczak at FloridaEasyMove.Com may prove to be your best bet. FloridaEasyMove.Com is one of the most credible and reputable real estate agency operating in the affluent North Shore region.
For questions and concerns about moving to or investing in Florida, simply dial +1 (978) 490-0906 or email at chris@floridaeasymove.com.