From Sarasota to Marco Island, SWFL property has become a much-sought-after investment opportunity for a number of reasons. Not only do we have some of the best outdoor amenities in the world, our area has continued to show healthy signs of growth that prove difficult to find in other parts of the country. As an experienced property investor myself, I wanted to give you an idea of what the specific benefits are to investing in SWFL property, so this way, you can discover if this is the right financial move for you and your unique situation.
A variety of different options are available
Whether you’re thinking about a smaller condo you’d like to rent out for additional income or new construction in a growing area that has attracted your attention, one thing remains true about SWFL property—and that’s just how many choices you have for your investment. When I work with investment clients, they’re often surprised about the number of options available to them, creating many flexible opportunities.
Access to additional equity
At the same time, investment properties also offer you access to additional equity. In turn, this can greatly benefit your financial situation in many cases and is one subject that I regularly teach seminars on. While having a plan is key to making the most of this benefit, you still have unmatched opportunities to tap into extra equity through investment properties, and this is something we can talk a bit more about since it depends on your particular goals.
An increase in your available assets
To go back to my earlier point, values in Southwest Florida, and throughout much of Florida, have shown tremendous growth in the past few years. What this means is that strategically chosen local investment properties represent additional available assets for your future. Given how cost-effective local real estate is, you can see how this growth potential can be the right fit for many looking to expand their assets in a smart way.
Additional options for your lifestyle
I’ve also seen clients invest in local real estate for the rental income in one year then, a couple of years later, decide that moving here is the right option for them. After all, when you see all the amenities we have, it’s hard to resist. On the one hand, they often use the situation and available financial resources to purchase additional investments, even as they use their initial property as a primary residence in the first or second year after they’ve moved to SWFL. This gives them even more flexibility to live the lifestyle they want on their terms.
Easy to manage with property management services
Finally, with the advent of property management services, owning a rental investment property is incredibly straightforward. In fact, my team offers quality, local services just like these to help you manage your investment. Whether you live in New York City or Seattle, you can have peace of mind when it comes to your property.
Have a question or two about investing in Southwest Florida property? Shoot me an email!
Terry Records
Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service