Investing In Southwest Florida New Construction
Are you looking for a real estate investment that can provide a good return on investment (ROI)? New construction in a popular part of the country is a great way to get started! Let’s take a closer look at how investing in new construction in Southwest Florida is just the opportunity you’ve been looking for.
So, what makes Southwest Florida a good choice?
About 10,000 baby boomers retire a day, which adds up to around four million people a year who may be looking for their perfect retirement home. Southwest Florida is at the top of the list for retirees to move due to its mild climate, and the growing economy makes it the fifth fastest growing population in the United States. More people means more jobs, so the population is growing not just with baby boomers, but with all age groups as well.
Benefits of New Construction
Keep it Basic
New construction as an investment allows you to build something that will generate income without being over-the-top. You aren’t building your dream home, so you can pass on marble floors, granite countertops, high-end appliances, and fancy woodwork. Building with just the essentials will keep the cost significantly lower. Basic new construction homes can be an attractive option without being extravagant.
New construction allows you to make the property more efficient. Energy efficient products have come a long way in the past ten years. An energy efficient property mean less cost for you – and the new tenant – in the long run.
Generally, new construction zones exist in areas with lower crime rates, new roads, nice parks, and a close community feel. This makes these neighborhoods very attractive, as no one wants to live in a bad part of town.
New construction takes away unexpected monthly expenses like HVAC repair, leaking roof, and appliances not working. All these things carry a warranty which means less risk for you and more ROI.
Renting property to a retired couple during the winter months is a good choice for Southwest Florida. Many retired couples like to spend their winters here while returning home for the summer.
With the level of tourism Southwest Florida experiences each year, you can promote the property as a vacation rental, charging rent by the week or day. Companies like AirBNB and VRBO have made listing your rental property easy, and it’s become a very popular way to vacation these days.
Finding a full-time tenant in Southwest Florida isn’t a problem either. New construction properties are desirable places to live and are in demand in this part of the state.
Another option is to use the property for yourself. Think about it. How close are you to retiring? You could spend the winter months in Southwest Florida, and rent it out during the summer months.
If you are in the market for real estate in Cape Coral area, I can help you from start to finsih with your home building needs. Below, you will find a contact form taht will scehdule a consultation with me at no cost or obligation to you.