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Investment Advantages of Buying Waterfront Property in the Keys
Always in demand, no matter the season.
When it comes to purchasing an investment property, experts advise the owner be prepared for no rental income for three to six months every year. That’s not a problem when the investment property is in such a location as the Keys.
Being able to supplement your income.
Expounding on the previous point, having an investment property in the Keys means it’s going to be occupied year round. That means a nice supplemental income for the owner.
Big time appreciation.
Since waterfront property is more valuable than landlocked real estate, it appreciates in value more over the years. Being in the Keys means compounding that appreciation appreciably.
There are certain write-offs which are available to investment property owners. In addition, there are other benefits, if you decide to sell and use the proceeds to purchase another property.
When you own waterfront property in the Keys, you own something very attractive to lenders when you go to purchase another investment property. It’s a nice bit of leverage to have on your side to get better financing for future purchases.
Kim Bagnell Thaler is a pioneer among Florida Keys realtors. Regarded as one of the most influential realtors in the middle and upper keys, she provides expert and professional real estate service. With her vast knowledge, 20 years experience and commitment to the highest ethical standards, Kim remains a standout among other Florida Keys Real Estate companies