Should I Buy a Fort Myers Beach Condo?

by Tyler P. A Passionate Blogger - Entertainment

So you are the type that likes to travel to Fort Myers and wonder whether it would be worth it to invest in a condo or continue to pay the expensive hotel bills each time you visit. If it’s any consolation, you are not alone. Many Fort Myers lovers struggle with this decision at some point, but most of them decide to buy condos for the reasons we’ll discuss below.

There is almost no better city in Southwest Florida than For Myers. Unlike other cities in the area, Fort Myers is widely known for its relaxed atmosphere and slow-paced life. The town has the right mix of the old and millennial generation and offers a little bit of everything you may need to enjoy life.

Whether you are interested in living close to the ocean or want a home further away, there’s a neighborhood that suits your needs. Some of the city’s best neighborhoods include Fort Myers Beach, Fort Myers River District, and Captiva Island. With that in mind, here are reasons to get Fort Myers beach condo.

Personal use and enjoyment

A beach condo can serve as a second home during your vacations – or when you retire. So, whenever you are traveling to Fort Myers for a little fun here and there, you won’t need to rent an expensive beach hotel or buy costly meals. These activities take up a lot of money during vacations. A condo saves you money that you can use for other essential things.

Property appreciation

The good thing about investing in beach condos is that their value will increase even with inflation. So, irrespective of how the market turns out, you’ll likely still get a good value out of it, should you decide to sell the condo later on.

Tax benefits

Vacation homeowners can write off business-related expenses like property management fees, mortgage interests, marketing costs, repair costs, property taxes, and insurance. You can talk to your lawyer to see what tax deductions apply in your case.

Rental income

One of the biggest benefits of owning a beach house is the potential income that it can generate should you choose to rent it out. Visitors are always on the lookout for top condo rentals in Fort Myers Beach, FL. So you can rent yours out whenever you are not down there to general some income. Who knows, you may find that it is an even more attractive investment than you initially thought.

Affordability

Buying a condo in Fort Myers is an attractive option because of the cost. When compared to Naples, FL, Fort Myers is cheaper by a couple of hundred thousand. The median home cost $231,200, $323,700, and $208,700 in the US, Naples, FL, and Fort Myers, FL, respectively. As you may notice, buying a house in Fort Myers is cheaper. The city also enjoys a lower property tax rate.

Conclusion

There you have it, the reasons why you should invest in a Fort Myers beach house. However, as with anything in life, it is essential to do your due diligence to ensure you are getting the best deal. Whenever possible, get a professional to help you make the right decision.