Know Where To Do Florida Investment Property

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Author: Phil LaBoon

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Taking into account the range of investment property locations in the market, Florida investment property is one of the most desirable. One of the country's 100 fastest-growing counties, a Florida investment property has high potential as a profit-maker compared to other areas with vast number of tourists and new residents flocking to the land of sun and surf.

Do consider carefully what you intend to do with your Florida investment property. Will your purchase be used mainly as a rental property for vacationers? Do you intend to have access to the property during certain seasons? Some of these questions will help you in narrowing down your search.

The abundance of attractive locations makes the choice a difficult one. First of all, you need to decide, if you want a beach front location or property close to the coast, property in a town setting, tourist area or settled community, inland or beach side.

Miami is one of the attractive areas, where home appreciation rate is about 11% with the median home price around $240,000. There are diverse offerings of single family homes, ocean front property and ocean view condominiums. Miami offers beautiful beaches with perennial sunshine but traffic congestion and the increasing population boom may be a deterrent to some.

Just forty miles north of Miami, lies Boca Raton with five miles of coastline and gorgeous beaches. Appreciation rate here is around 11%. Indian Shores is a small historic community offering condos, gulf front property and Intra coastal Waterway homes and town homes.

Daytona is known as a spring break and family playground on Florida's east coast about 50 miles northeast of Orlando. Homes prices are surprisingly reasonable. Appreciation is about 10% with homes starting as low as $80,000. A large variety of housing choices exist.

In Jacksonville, a modestly priced investment property can be found with a range from $60,000 to several million. Appreciation is around 9% with continual growing home construction. Unique to Jacksonville is its diverse neighborhoods and building styles.

Orlando, which has Walt Disney World, has a thriving tourist economy that attracts close to thirty five million visitors each year. Real estate Investment is booming here with the median price taking a dramatic jump from $166,000 to $200,000, an appreciation of 27%, making investing near Orlando a great venture.

Conway Belle Isle, east Orange County, Maitland/Winter Park and northwest Orange County have seen the most dramatic property value increases. There is a strong job market here without forecasts of a downturn, keeping prices strong.