Finding Florida Properties for Sale With Investment Potential
What’s the difference between any home and what is called an “investment home”? Generally speaking, they are properties for sale that are purchased in the expectation that their underlying value will appreciate. Whether you choose to live in an investment home or rent it out, the prospect of growth in its value is the determining factor. (You’d be right to notice that if you can rent it for more than its cost, it’s also a good investment — but kindly forget about logic, we’re talking real estate lingo here).
For purposes of this discussion, an “investment home” is one whose underlying value grows over time. Next question: how do I find one of those?
While there is no fail-safe way to isolate Floridaproperties for sale that will guarantee you can just sit back and watch it increase in value, there are rule-of-thumb characteristics that point to homes and neighborhoods that can help investors predict the direction of future value. Some of them are —
· Look at homes in an area that shows steady population growth
· Look for above-average rental prices
· Pay attention to the infrastructure in the area (and avoid properties in under-maintained neighborhoods)
· Avoid homes in the top 10% of the price range
· Build a lasting relationship with a good real estate agent who will ultimately be able to help you decide when to sell
· Choose a home that isn’t in need of major structural repairs
About that last point: when you are searching for properties for sale in Port St Lucie, Stuart, Jacksonville or Palm City, you should expect to do some maintenance and renovation work. An investment home’s value can take the biggest leap when a new owner applies a bit of smart fixing-up to enhance its livability while forestalling long-term maintenance issues.
Not all properties for sale in Florida are good candidates to qualify as investment homes – even those that would provide excellent accommodations for your family. However, when you target investment value from the start, the financial rewards can be well worth the scrutiny.
So…how else can you find one of those?
Short answer: call me today!
Are you tired of scouring the newspaper and MLS listing sites looking for homes in Florida? Tired of playing telephone tag with Realtors only to hear the home’s already sold? Sit back, relax and let Bold Real Estate Group and our team of professional Realtors do the work for you! Just visit our website and check off the properties and communities you’re looking for www.BoldRealEstateGroup.com, is FREE and there’s no obligation! or send us an email email@example.com
About the Author: Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida. Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties. Bold Real Estate Group is a licensed Real Estate Broker company in Florida, proud member of The National Association of REALTORS® (NAR), which represents over 1,200,000 REALTORS® in the United States, member of the Who’s Who in International Real Estate and The International Consortium of Real Estate Association, which represents over 2,300 Real Estate Professionals throughout the World.