As many of you might know, vacation rentals have represented one area of real estate that I’ve continued to enjoy. And it makes sense, given that one of the markets I’ve focused on is Southwest Florida. Because our region attracts plenty of visitors, you can imagine how in-demand vacation rentals can be in our area.
Owning a vacation rental can be considerably rewarding, in more than one way. In fact, today we’re going to look at 5 reasons that a vacation property can be beneficial. And we’re also celebrating National Vacation Month together at the same time!
Your annual return can be generous
While naysayers will tell you that a return can be difficult to attain, we’ve had a different experience. Now, I recommend choosing your market carefully and having a trusted real estate advisor. But the reality is that you can truly receive generous returns each year with solid occupancy.
Your vacation home can grow in value
Although the real estate market moves in cycles, there has been outstanding growth in Florida real estate. For many of my clients, that means we were able to choose a vacation property in an affordable, but up-and-coming area. Today, these properties have experienced value increases that have left my clients smiling.
You have an additional asset for retirement
In the Florida real estate market, it’s common for out-of-state residents to have a vacation home for decades. Then, when they’re ready to retire, they sell their first residence and make Florida their permanent home. With growing amenities and plenty of retirees, you can see why this is the case. And during that entire time that they were getting an annual return, they were also planning for those sun-filled retirement days.
You can have a more flexible lifestyle
Locally, the annual snowbird migration is pronounced. Nearly every business in the area prepares for it, and it happens every single year. When you own a vacation rental in our state or anywhere, you can enjoy a more flexible lifestyle. While your career might be a major factor, you get to decide when you’d like to enjoy either of the two communities you belong to.
You can enjoy world-class beaches
Okay, this one obviously applies to our Southwest Florida real estate market. But it’s a huge benefit to owning a vacation rental. Our beaches throughout the state are some of the very best in the world. And they all have their own charm that locals just love.
Have a question about owning a vacation rental? I’m always happy to answer all your questions!
Terry Records
Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service