It’s no wonder Florida outranks all other states as the leader in the number of second homes or vacation homes. Florida offers resort style living all year long! The beautiful weather, world class restaurants, top rated entertainment, and high end shopping, make it a fantastic place to invest in a second home.
Time Spent in Second Home
Despite these fabulous features, many owners of second homes find they don’t spend enough time in their second home. Whether it is the pressures of work, quality family time, or other schedule demands that prevent them from using their property to its fullest extent, some home owners of Fort Myers luxury homes find they don’t have the time to spend in their vacation home.
If this sounds like you then you might want to consider renting or selling your second Florida home.
Renting Your Vacation Home
One of the first things you want to do is to check your calendar and decide what dates you want to have your vacation home available to you. Unless someone is planning on paying you a small fortune, reserving your preferred days and times is what a vacation home is all about.
There are other details you need to consider, such as how long you want to rent the home out for: are you going to rent the property as a vacation rental for short periods of time or are you wanting a long-term commitment from local renters?
All these decisions and more will need to be determined. It is definitely worth looking into especially if your second home sits vacant for periods of time.
Selling Your Second Home
For owners of Fort Myers luxury homes and other second home properties, the thought of selling the place may be a better choice. This is especially relevant if the amount of time they are spending in the second home is limited. Home owners spending less than three months of the year in their vacation home might be better served by renting a property instead of owning.
Right now, properties in Florida are in great demand. Inventory of Fort Myers luxury homes available for sale are on the low side, which means it’s a great time to sell!
High Season in Florida Coming Soon
Winter is considered the high season in Florida. That’s the time of year when our Northern counterparts relocate to the warm, sunny region of the country. The real estate market right now is showing good signs for a healthy high season. Realtors in Fort Myers and other place in Florida are expecting to have a successful winter selling season.
The near historic low costs of home loan borrowing makes property investment attractive for buyers. Factor in the increase of property prices recently and your real value may be in to sell your property and reinvest the profits in another way.
The Fort Myers luxury homes market is ideal for selling, and worth consideration.
Either way, you can win. Sit back and watch Fort Myers luxury homes appreciate or repurpose your asset base into other activities that will potentially add more value to your life. The final decision is up to you.
