There is a reason why people dream of living in a home on the open water! Looking out the door of your Lower Florida Keys home and seeing the beauty of the ocean stretched out before you is an experience like no other. What some may not realize is there is even a better reason to buy that oceanfront home: it is a good investment.
Beachfront properties are some of the most sought after real estate in the world. They can be a big investment but the payoffs are big too. Very few other types of properties will hold their value as well. While they may not be immune to an economic downturn, oceanfront homes are normally some of the first to recover their value. This adds to the investment value of the property.
Another value to these homes comes in the form of vacation homes. First and foremost, you can build equity and return on investment with a vacation home for your family. Staying for just a few weeks in a pricey oceanfront hotel will convince you of the benefits of owning a family vacation home!
When your family is not in residence at the home, you can also increase your investment by renting the property out for others to enjoy. You can charge much higher rates for being right on the ocean than a property that may be only a few blocks from the shore. This is just another way your oceanfront home can help pay for itself.
If you are ready to experience island living right here in the USA, call Margarita Villoch! She is your local real estate resource for Key West and the Lower Keys. If you have questions about area beachfront properties, her team can help!
Comments(4)