Investing in real estate is always one of the best options you can make. We are currently experiencing a turbulent period in the world economy, and inflation is rapidly increasing. However, the feature of the real estate market is that the prices are almost always follow the inflation rate. Therefore, the profit is guaranteed. On the other side, the location is one of the most important factors. There are trends that are changing all the time as well.
For example, there might be a place in the US that is currently very cheap to buy a house, but things could easily change in five or more years. That is the case with Fort Myers in Florida, where prices are increasing, but not at the same rate as in other parts of the US. Therefore, investing here can be the best solution. If you are interested in this investment option, check out commercial real estate brokers fort myers. Here are the main reasons to consider this option.
If you compare this place with other ones in Florida, you will notice that the prices are not booming at the same rate. However, the increase is exponential, and we can expect that there will be a moment when the real estate boom will hit this city as well. In that matter, it is not a surprise that many experts in this area recommend investing in properties in Fort Myers as one of the best options today.
Since both singles and people with families are now more interested in moving to this place, investing in property here can be an excellent business solution because you will easily rent the house or apartment, and get a great price for that. The great solution for those interested in taking a loan or mortgage is to rent the property to pay off the dept. The house will surely become more valuable over time, which means that it is a simple way of securing both long-term profit and secure monthly income.
Many positive factors lead to the conclusion that investing there can be a highly profitable option. For instance, the growth rate is one of the biggest in the US. It is estimated that it will grow by more than 50% in the next ten years. That leads many big companies interested in opening their offices here, which will make it even more popular.
The prices of apartments and houses are growing by more than 10% per year, and an even bigger increase is expected for rentals. Therefore, it is an excellent opportunity to make a profit by investing here. It is estimated that the rent for a condo in an urban area where big companies will open or already have their offices will reach the price of nearly $3k.
Research the Area
One of the most important things to do before you choose a property to buy is to research different parts of this place to make sure that you are choosing the best one according to your preferences and financial situation. Also, be sure to check the overall statistics related to different parts of the US. You will notice that this city is on the top as a place with great potential. This makes it a perfect investment opportunity.
The best parts of this city are downtown, Botanica Lakes, San Pedro, Edgewood, Eastwood Village, Pelican Preserve, and Heritage Palms. Keep in mind that prices can be quite different in these areas, and various factors are affecting that. When it comes to downtown, the average price of property is around $400k, while the average renting value is nearly $1,000 per month. There are many attractions in this part of the city, and people who want to escape the traffic jams and rush will find it perfect.
It is one of the most popular options for for people with kids. The Botanica Lakes is slighly more expensive for rent, while prices of properties are same. What makes this place perfect is that it is safe, and there are many additional activities available. Moreover, if you prefer more urban part of the city, we suggest you check San Pedro.
You can find an apartment here for less than $300k, while rent is also around 1,000. On the other hand, if you are looking a place to rent for less money, Edgewood is one of the most affordable areas. The same is for Eastwood Village. The most expensive rent can be seen in Heritage Palms, which is the most attractive area as well. What makes it unique is that it is surrounded by golf terrains and lakes. It makes it a perfect option for people who want to retire in Florida.
The Bottom Line
As you can see, there are many reasons to consider investing in real estate in this place. The reason why now is the best moment is that it is expected that the price will start to grow rapidly at a certain point. Therefore, it is a perfect option for people interested in flipping a couple of houses. On the other side, there are even bigger benefits for those interested in long-term investments, especially when it comes to buying to rent options.
The average rent is only around $1k in most areas, but it is estimated that the prices will be doubled in one or two years. Moreover, there are excellent financing options available in Florida, and you might be able to get a high loan with a very low interest rate of under 4%.
It can be a perfect solution for different groups of people. Younger generations are attracted because of job opportunities and additional activities available here. People with families prefer it since it is still a peaceful and quiet place perfect for raising children.
Also, we have to mention the seniors. It is a well-known fact that Florida is very popular for people after they retire, and this area might be a perfect place to spend after you reach that point.