Five Reasons Why Key Largo Real Estate Is A Good Investment

When investing in residential real estate, it's important to choose the right location - not just a good property. Remember, location is key to residential real estate because it is the single biggest factor that contributes to its value.
By: Coldwell Banker Schmitt Real Estate
ISLAMORADA, Fla. - Sept. 9, 2022 - PRLog -- Per Jan Keller, Top Producing Real Estate Agent for Coldwell Banker Schmitt Real Estate, and owner of "Everything about Real Estate in Islamorada and the Upper FL Keys."

For example, take any ordinary three-bedroom, two-bathroom house in an average neighborhood and put that same residence on a beach and its value immediately skyrockets. With this in mind, let's get to the five most compelling reasons to invest in Key Largo real estate:
  1. Location.  Although it's repetitive, this is definitely worth restating because it is the largest contributor to the value. King Largo is a tropical island paradise and therefore, real estate here is much more valuable, not only due to the climate and scenery but the scarce resources of the land.
  2. Strong appreciation.  Because of its location, Key Largo is a heavily trafficked area, which means it's highly desirable. That translates into a very strong appreciation performance that outpaces any ordinary spot.
  3. Consistent tourist traffic.  Again, location is a substantial element. Key Largo attracts hundreds of thousands of tourists, each meeting a place to stay. Folks who own homes in Key Largo can rent them out as vacation properties for a premium rate.
  4. Several tax benefits.  Another great thing about owning real estate, particularly rental properties, is there are many tax benefits. And, not just at the Federal level. The state of Florida doesn't have an income tax, which means you get to keep more of that rental money.
  5. Serves as leverage.  When you own real estate, you are building wealth. Real estate can also serve as leverage to acquire more properties and help you grow a substantial asset portfolio.

Here's a bonus reason to own real estate in Key Largo - it serves as a dedicated vacation getaway. Rather than having to scramble to find accommodations, you'll always have a place to stay. What's more, family and friends can use it and it can be passed on to your heirs.

For More Information About Islamorada Luxury Homes For Sale In The Upper Florida Keys. Please Contact Jan at Or Call 305-664-7069

Jan KellerĀ 
Source:Coldwell Banker Schmitt Real Estate
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Tags:Upper Keys Luxury Homes
Industry:Real Estate
Location:Islamorada - Florida - United States
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