Buying property in Key West and the Florida Keys is a great way to diversify your portfolio and maximize income potential from property ownership. Whether you are planning to live full-time in your home or rent to vacationers, buying in the Keys can be extremely beneficial to those in the real estate market. Here are some the great benefits of owning in the Keys and how you can easily maximize your ROI!
- Consider Rental Potential: If you are not planning on living in your new property year-round, consider renting the property during the time periods you are not at the home. Rental properties are a high commodity in the Florida Keys. Whether you choose to enter your home as a weekly, monthly or long-term rental, Keys rentals and especially Key West rentals are always in high demand. This means less vacancy and your home is working for you, paying your mortgage.
- Location and Value: In the Keys, the closer you are to the water, the more valuable your property usually is. Amenities like water views, canal access and boat docks or ramps boost your home value. If your home has the amenities focus on improving these for maximum value and higher rental and resale values.
- Consider Fixer-Uppers: The Keys offer amazing opportunities for the DIYer who would like to renovate a home. Improving your purchase and focusing on desired amenities such as views, outdoor areas and functional home space can skyrocket your home value or revenue potential.
- Make the Keys Your Permanant Slice of Paradise! We all love the Keys for its natural beauty and care-free atmosphere. Live that experience every day while growing financial stability by owning a home here.
These are just a few ways to maximize your ROI on your Florida Keys real estate. Our team has years of experience helping buyers find the perfect Keys home and strengthening your investment value. Start your home search today!