Investing In Fort Myers Condos
Most investors in Fort Myers real estate are preferring condos
. Prices are often lower than single family homes while resale values remain excellent. Read on to know the advantages of putting your money in a condo and how you can make the most of your investment.
People from all over the world visit Fort Myers for beaches, fishing, golfing and shopping. And many of them opt to make it their second home. The tropical climate and location on Southwest Floridas Gulf Coast makes it the ideal location for a vacation or turnkey investment property.
A part of Cape Coral-Fort Myers Metropolitan Statistical Area, it is an administrative and economic center as well. Easy access by major highways and the Southwest Florida International airport (RSW) plays a role in promoting both tourism and commercial activities in the area.
Although the town has abundance of real estate options, most will opt for condos for the simple reason that these have lower purchase prices than single family homes. Although there are often association fees involved in owning a condo, the overall maintenance costs and taxes are much lower than those found with single family homes. In addition, Condos often provide a greater level of security.
In condo accommodations, units are owned individually but exterior structures are shared. Residents form an association which takes care of maintaining shared property and services like grounds keeping, pool maintenance etc..
Thanks to the advantages condos bring in, they offer high resale prices and income from rentals. So you can use condos as a lucrative investment. Many people find the purchase of a condo as a vacation property or second home is a great place to put their money and find that the income generated from vacation rentals when they are not using it often supplements or more than covers the cost of ownership.
When looking to buy a condo make sure to review the location and amenities the development provides. Many will have a community pool, on site fitness center, tennis courts and other facilities available to residents. Location is also a factor. Some Condos are direct beach access where others may have marinas with boat dockage or be located on a golf course. Fort Myers Beach has a condo development to fit most any lifestyle.
When you own a condo, expenses like landscaping and yard work are handled by the association. For this reason, may retirees and absentee owners prefer condos over single family homes. In many cases, developments with large green spaces or beachfront locations fetch a higher price in both resale value and rental income.
Many condos in Fort Myers are located at beachfront and buying these will be an excellent investment. These will provide residents easy access to beach and tourists will just love to stay in these. Such condos will have good resale value.
When it comes to security, condos score well over single family homes. Elevators and gates often feature security codes for use and some developments offer 24/7 gate guards and security. There will be security cameras and alarm systems, so you can stay there with assured safety with your family.
For accessing a good property, it is important to find a realtor who knows
Fort Myers beach condos market inside out. They will provide you with enough options to choose from. When you are putting in your hard earned money in a condo, it is important you invest in a property that provides you the best resale value. They will be able to provide you with all the advice you need for getting the best deal.
by: Alex King
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