Should You Invest in Altamonte Springs, Florida Real Estate?

Real Estate Broker/Owner with PrimeSource Real Estate BK3072915

Florida real estate remains very hot; even though not everyone is convinced property from the Sunshine State is a smart buy.  First consider why there is an obvious advantage to Florida real estate in general.  Florida is a very popular state for tourism thanks to cities like Orlando and Tampa.  Much of Florida real estate involves beachfront properties that always sell for high figures.  This is because most vacationers don't want to travel for several miles just to get from their hotel to a nearby beach in the scorching summer-and are willing to pay for convenience.  There are a lot of reasons to run after new Florida real estate!

Now consider a couple of disadvantages of buying Florida beachfront real estate.  Properties too close to the ocean face an increased risk of hurricane and flooding damage.  Not only must an owner contend with paying for damages, he or she must also plan for the possibility of exiting tenants and uninterested potential renters who have been affected by the idea of weather damage.  Another potential pitfall is the seasonal drop in activity.  Florida beaches, and many of Florida's other vacation cities, are most active in the spring and summer seasons.  Therefore, an owner has to plan for a seasonal dip in income for the winter months.  (It is essential to work this estimated cash flow drop into a business plan)  This may mean having to formulate a strategy of price raising in active months, not only to cover low predictions in the winter, but also to plan for any weather damage.


Now consider the option of buying real estate in Altamonte Springs, Florida.   Altamonte Springs, Florida is not a beachfront territory, though it does have many acres of lake territory around Lake Orienta.  Therefore, Altamonte Springs, Florida would not be as close to danger as beachfront territories would.  In fact, Altamonte Springs is one of the most conveniently located cities in the entire state, serving as a meeting point for Orlando, Tampa and Daytona Beach.  It is also just a 30-minute drive (or less) from three major Florida airports.


Because Altamonte Springs, Florida has a strong urban presence it may not be as seasonally unstable as other Florida cities.  For instance, commercial real estate in Altamonte Springs, Florida consists of malls, shopping centers, restaurants and hotels.  Locations like Uptown Altamonte, the Altamonte Springs Mall and the Cranes Roost Park have year-round events that bring out local residents as well as nationwide travelers. 


Real estate in Altamonte Springs, Florida is a different type of Florida investment.  Over the last 20 years, the City of Altamonte Springs has worked hard to ensure that their once moderately populated city grew into a thriving urban center.  Altamonte Springs, Florida now counts 40,000 residents and enviable demographics, considering that a majority of the population is young and fairly wealthy.


If you are interested in Altamonte Springs real estate then contact PrimeSource Real Estate to help you.  Finding a good deal may be possible on your own, but finding a great deal depends on your industry contacts.


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